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DAILY COMMODITY REPORT 02 Dec 2016

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DAILY MARKET WRAPUP 02 Dec 2016

COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

OPEN INTEREST

GOLD

3-Feb

28150

28213

27813

27957

6078

SILVER

3-Mar

40850

41049

40505

40643

12241

CRUDEOIL

19-Dec

3393

3542

3361

3527

9129

NATURAL GAS

25-Jan

227.70

240.90

227.60

239.80

5509

COPPER

28-Feb

400.25

404.40

396.50

399.60

14424

NICKEL

30-Dec

767.50

775.30

761.20

764.70

9267

LEAD

30-Dec

162.05

163.60

157.30

159.80

1880

ZINC

30-Dec

186.35

189.00

184.55

188.35

7322

ALUMINIUM

30-Dec

119.00

119.25

117.15

117.40

3752

LME WAREHOUSE STOCKS (01-Dec- 2016)

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METAL

TONNES IN STORAGE ( MT )

ALUMINIUM

-4301

COPPER

-1848

LEAD

-101

NICKEL

+175

ZINC

-402 Call us at +91-731-6642300


INTERNATIONAL MARKETS 02 Dec 2016

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX Gold

USD/TZ

1,175.40

+6.00

+0.51%

Feb 2017

Gold Spot

USD/t oz.

1,173.53

+1.84

+0.16%

N/A

COMEX Silver

USD/t oz.

16.65

+0.14

+0.84%

Mar 2017

COMEX Copper

USD/lb.

262.05

-2.25

-0.85%

Mar 2017

Platinum Spot

USD/t oz.

915.86

-0.49

-0.05%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

Crude Oil (WTI)

USD/bbl.

50.88

-0.18

-0.35%

Jan 2017

Crude Oil (Brent)

USD/bbl.

53.58

-0.36

-0.67%

Feb 2017

RBOB Gasoline

USD/gal.

153.68

-1.02

-0.66%

Jan 2017

NYMEX Natural Gas

USD/MMBTU

3.54

+0.04

+1.03%

Jan 2017

NYMEX Heating Oil

USDGAL.

164.16

-0.63

-0.38%

Jan 2017

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MOST ACTIVE CONTRACTS 02 Dec 2016

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

28-02-2017

40766.00

1,05,34,74,972.00

25,842

CRUDEOIL MINI

19-12-2016

3472.00

66,97,90,464.00

1,92,912

SILVER M

28-02-2017

40755.00

51,10,67,700.00

12,540

CRUDE OIL

19-12-2016

3471.00

40,24,79,805.00

1,15,955

SILVER

05-12-2016

39940.00

5,17,62,240.00

1,296

GOLD M

05-12-2016

28265.00

4,50,54,410.00

1,594

GOLD

05-12-2016

28142.00

2,12,75,352.00

756

COTTON

30-12-2016

19160.00

1,67,26,680.00

873

NICKEL

30-12-2016

763.80

1,30,01,403.60

17,022

GOLD PETAL

30-12-2016

2885.00

1,26,65,150.00

4,390

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INTRADAY SUPPORT AND RESISTANCE 02 Dec 2016

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

GOLD

3-Feb

27594.33

27775.67

27994.33

28175.67

28394.33

SILVER

3-Mar

40188.33

40415.67

40732.33

40959.67

41276.33

CRUDEOIL

19-Dec

3295.67

3411.33

3476.67

3592.33

3657.67

NATURAL GAS

25-Jan

222.80

231.30

236.10

244.60

249.40

COPPER

28-Feb

392.27

395.93

400.17

403.83

408.07

NICKEL

30-Dec

752.97

758.83

767.07

772.93

781.17

LEAD

30-Dec

153.93

156.87

160.23

163.17

166.53

ZINC

30-Dec

182.85

185.60

187.30

190.05

191.75

ALUMINIUM

30-Dec

115.83

116.62

117.93

118.72

120.03

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COMMODITY BUZZ AND ECONOMIC EVENTS 02 Dec 2016

SPECIAL NEWS

COMMODITY BUZZ

Singapore's central bank said on Friday it imposed penalties on the local units of U.K.-based Standard Chartered (LON:STAN) Bank and Coutts for money laundering breaches related to Malaysia's scandal-tainted 1MDB fund.The penalties - of S$5.2 million ($3.65 million)and S$2.4 million, respectively - were the latest punitive measures taken by the central bank in its crackdown on money laundering, having ordered the closure earlier this year of the local units of Swiss banks BSI and Falcon.The inspection at Standard Chartered "revealed significant lapses in the bank’s customer due diligence measures and controls for ongoing monitoring," the Monetary Authority of Singapore said.

Gold prices fell in Asia on Friday ahead of U.S. jobs data that is seen as icing on the cake for a Fed rate hike this month.Nonfarm payrolls are seen up by 175,000 in November, deemed enough by most analysts to assure the Fed that the labor market continues to tighten, adding pressure on wages.Gold futures for February on the Comex division of the New York Mercantile Exchange rose 0.57% to $1,176.05 a troy ounce. Silver futures on the Comex gained 0.80% to $16.638 a troy ounce, while copper futures dropped 0.72% to $2.616 a pound.Overnight, gold price fell after the release of upbeat U.S. manufacturing activity data offset more disappointing U.S. jobless claims report.

Investors pulled $4.1 billion from U.S.-based taxable-bond mutual funds, the most since June, as a bond selloff forced interest rates higher and rattled investors, Lipper data for the latest week showed on Thursday."Investors are pulling the trigger and are starting, maybe, the rotation out of bond funds," said Tom Roseen, head of research services for Thomson Reuters Lipper.Municipal bond funds continued to be punished as well, losing $2.1 billion to redemptions. Investment-grade corporate bonds posted $1.3 billion in outflows during the seven days through Nov. 30.Both categories of bonds had been popular this year before rates started rising along with expectations that U.S. President-elect Donald Trump could push policies that stoke inflation. In addition, the Federal Reserve is widely expected to raise interest rates later this month.

Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week's OPEC-Russia accord on cutting output giving way to questions on the "sticking point" of implementing the deal.International Brent crude oil futures (LCOc1) were trading at $53.66 per barrel at 0242 GMT, down 28 cents, or 0.52 percent, from their last close.U.S. West Texas Intermediate (WTI) futures (CLc1) were at $50.92, down 14 cents, or 0.27 percent.Brent and WTI futures had jumped more than 10 percent since Wednesday's agreement by OPEC members and Russia to reduce crude production by a combined 1.5 million barrels per day.

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COMMODITY NEWS 02 Dec 2016

COMMODITY HEADLINES

Nickel futures little changed

Zinc keeps head above water

Copper futures slide 0.45%

Yellow metal in reverse gear

Crude oil cheers OPEC deal

Spot demand lifts lead futures by 1.13%

Aluminium futures surge 0.46% as demand picks up

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EPIC RESEARCH– ANALYST SPEAKS 02 Dec 2016

GOLD

BUY GOLD ABOVE 28200 TARGET 28300 28500 SL 28100 SELL GOLD BELOW 27850 TARGET 27750 27550 SL 27950

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EPIC RESEARCH– ANALYST SPEAKS 02 Dec 2016

SILVER

BUY SILVER ABOVE 40900 TARGET 41200 41800 SL 40700 SELL SILVER BELOW 40500 TARGET 40300 39700 SL 40700

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TODAY’S ECONOMIC EVENTS 02 Dec 2016

FRIDAY, 02 DECEMBER 2016

Time

Cur.

Event

03:15

NZD

Building Consents (MoM) (Oct)

06:00

AUD

Retail Sales (MoM) (Oct)

0.3%

0.6%

12:15

CHF

GDP (YoY) (Q3)

1.8%

2.0%

12:15

CHF

GDP (QoQ) (Q3)

0.3%

0.6%

15:00

GBP

Construction PMI (Nov)

52.2

52.6

19:00

USD

Average Hourly Earnings (MoM) (Nov)

0.2%

0.4%

19:00

USD

Nonfarm Payrolls (Nov)

175K

161K

19:00

USD

Participation Rate (Nov)

19:00

USD

Private Nonfarm Payrolls (Nov)

165K

142K

19:00

USD

Unemployment Rate (Nov)

4.9%

4.9%

19:15

USD

FOMC Member Brainard Speaks

23:30

USD

U.S. Baker Hughes Oil Rig Count

23:30

USD

FOMC Member Tarullo Speaks

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Forecast

Previous 0.2%

62.8%

474

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Epic research daily commodity report 02nd dec 2016  

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