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DAILY COMMODITY REPORT 19 Oct 2016

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DAILY MARKET WRAPUP 19 Oct 2016

COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

OPEN INTEREST

GOLD

5-Dec

29750

29840

29680

29786

7997

SILVER

5-Dec

42099

42370

41978

42178

16496

CRUDEOIL

19-oct

3348

3374

3321

3340

12389

NATURAL GAS

26-oct

217.50

221.30

217.10

217.70

5652

COPPER

30-nov

313.90

315.15

312.35

312.50

35958

NICKEL

31-Oct

689.50

697.00

688.60

695.40

12539

LEAD

31-Oct

132.95

133.80

131.20

131.35

4191

ZINC

31-Oct

151.95

153.70

151.60

152.35

6784

ALUMINIUM

31-Oct

111.00

111.70

108.85

109.20

2663

LME WAREHOUSE STOCKS (18-Oct- 2016)

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METAL

TONNES IN STORAGE ( MT )

ALUMINIUM

+2548

COPPER

+2201

LEAD

+601

NICKEL

-1195

ZINC

+102 Call us at +91-731-6642300


INTERNATIONAL MARKETS 19 Oct 2016

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX Gold

USD/TZ

1,264.50

+1.60

+0.13%

Dec 2016

Gold Spot

USD/t oz.

1,262.90

+0.40

+0.03%

N/A

COMEX Silver

USD/t oz.

17.65

+0.01

+0.04%

Dec 2016

COMEX Copper

USD/lb.

210.55

0.00

0.00%

Dec 2016

Platinum Spot

USD/t oz.

944.82

+0.07

+0.01%

N/A

ENERGY COMMODITY FUTURES

COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

Crude Oil (WTI)

USD/bbl.

50.75

+0.46

+0.91%

Oct 2016

Crude Oil (Brent)

USD/bbl.

52.14

+0.46

+0.89%

Nov 2016

RBOB Gasoline

USD/gal.

150.29

-0.28

-0.19%

Oct 2016

NYMEX Natural Gas

USD/MMBTU

3.24

-0.02

-0.58%

Oct 2016

NYMEX Heating Oil

USDGAL.

158.20

+1.34

+0.85%

Oct 2016

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MOST ACTIVE CONTRACTS 19 Oct 2016

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

CRUDEOIL MINI

19-10-2016

3338.00

57,15,75,754.00

1,71,233

CRUDE OIL

19-10-2016

3338.00

42,60,99,038.00

1,27,651

NATURAL GAS

26-10-2016

218.40

1,00,82,217.60

46,164

SILVERMICRO

30-11-2016

42331.00

1,69,56,95,198.00

40,058

ZINCMINI

31-10-2016

152.30

42,71,862.70

28,049

SILVER M

30-11-2016

42326.00

1,00,95,17,426.00

23,851

ZINC

31-10-2016

152.30

34,18,982.70

22,449

COPPER

30-11-2016

313.10

67,81,746.00

21,660

LEADMINI

31-10-2016

131.65

26,55,643.80

20,172

NICKEL

31-10-2016

694.80

1,30,37,227.20

18,764

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INTRADAY SUPPORT AND RESISTANCE 19 Oct 2016

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

GOLD

5-Oct

29608.67

29697.33

29768.67

29857.33

29928.67

SILVER

5-Dec

41783.33

41980.67

42175.33

42372.67

42567.33

CRUDEOIL

19-Oct

3292.00

3316.00

3345.00

3369.00

3398.00

NATURAL GAS

27-Sep

214.50

216.10

218.70

220.30

222.90

COPPER

30-Nov

310.53

311.52

313.33

314.32

316.13

NICKEL

30-Sep

685.27

690.33

693.67

698.73

702.07

LEAD

30-Sep

129.52

130.43

132.12

133.03

134.72

ZINC

30-Sep

150.45

151.40

152.55

153.50

154.65

ALUMINIUM

30-Sep

107.07

108.13

109.92

110.98

112.77

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COMMODITY BUZZ AND ECONOMIC EVENTS 19 Oct 2016

SPECIAL NEWS 

The White House announced efforts on Tuesday to improve air travel by requiring airlines to refund baggage handling fees if luggage is "substantially delayed" and requiring online travel agents to provide neutral search results.The government also said it would probe a long-time practice by some airlines of preventing various travel websites from showing their fares to gauge the impact on consumers.The effort in the waning days of President Barack Obama's administration is aimed at responding to complaints from consumers that range from delayed or damaged baggage and wheelchairs, to pricey add-ons like payments for seat assignments.

China's yuan is not entering a depreciating path but pressure will persist in the short term amidst dollar strength, the overseas edition of the People's Daily quoted experts as saying on Wednesday.The Communist Party's mouthpiece said the Chinese currency will remain basically stable in the mid- to longterm with two-way volatility, and a depreciation trend is unlikely to happen.It added that the yuan is supported by signs that China's economy is stabilizing. The yuan would also be bolstered by overseas investment following its inclusion in the currency basket determining the value of the International Monetary Fund's synthetic reserve currency Special Drawing Rights.

YOUR MINTVISORY

COMMODITY BUZZ 

Gold held gains Asia on Wednesday after solid China data sets on GDP, output and retail sales.Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.12% to $1,264.45 a troy ounce. Also on the Comex, silver futures for December delivery gained 0.11% to $17.657 a troy ounce, while copper futures increased 0.14% to $2.105 a pound.China reported third quarter GDP with a quarteronquarter gain of 1.8% meeting expectations along with a yearon-year pace of 6.7% along with solid figures for retail sales, industrial output and fixed asset investment.China is the world’s largest copper consumer, accounting for nearly 45% of world consumption.

Oil prices rose early on Wednesday, pushed up by a report of a fall in U.S. crude inventories and an OPEC statement saying a planned production cut was achievable, although analysts warned that Chinese economic data could erode the bullish momentum.U.S. West Texas Intermediate (WTI) crude oil futures were trading at $50.81 per barrel at 0011 GMT (8:11 p.m. EDT), up 52 cents, or 1 percent, from their last settlement.International Brent crude futures were at $52.14 a barrel, up 46 cents, or 0.9 percent."The American Petroleum Institute crude inventory numbers were released ... this has given early Asian trading a bullish start," said Jeffrey Halley, senior market analyst at OANDA in Singapore.

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COMMODITY NEWS 19 Oct 2016

COMMODITY HEADLINES

Gold rises on weak dollar

Aluminium futures gain 0.18% as demand picks up

Crude oil up on firm global cues

White metal shines on positive overseas cues

Copper futures up on rising demand

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EPIC RESEARCH– ANALYST SPEAKS 19 Oct 2016

GOLD

BUY GOLD ABOVE 29750 TARGET 29850 30000 SL 29625 SELL GOLD BELOW 29600 TARGET 29500 29350 SL 29725

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EPIC RESEARCH– ANALYST SPEAKS 19 Oct 2016

SILVER

BUY SILVER AROUND 41850 TARGET 42100 42300 SL 41650 SELL SILVER AROUND 42350 TARGET 42150 42000 41850 SL 42600

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TODAY’S ECONOMIC EVENTS 19 Oct 2016

WEDNESDAY, 19 OCTOBER 2016

Time

Cur.

Event

01:30

USD

TIC Net Long-Term Transactions (Aug)

13:30

ZAR

Core CPI (MoM) (Sep)

0.4%

0.2%

13:30

ZAR

CPI (MoM) (Sep)

0.3%

-0.1%

14:00

GBP

Average Earnings Index +Bonus (Aug)

2.3%

2.3%

14:00

GBP

Claimant Count Change (Sep)

3.0K

2.4K

14:00

GBP

Unemployment Rate (Aug)

4.9%

4.9%

18:00

USD

Building Permits (Sep)

1.165M

1.152M

18:00

USD

Building Permits (MoM) (Sep)

0.9%

-0.4%

18:00

USD

Housing Starts (MoM) (Sep)

2.5%

-5.8%

18:00

USD

Housing Starts (Sep)

1.175M

1.142M

18:15

USD

FOMC Member Williams Speaks

18:30

RUB

Retail Sales (YoY)

-4.8%

-5.1%

18:30

RUB

Unemployment Rate (Sep)

5.2%

5.2%

19:30

CAD

BoC Monetary Policy Report

19:30

CAD

Interest Rate Decision

0.50%

0.50%

20:00

USD

Crude Oil Inventories

2.417M

4.900M

20:00

USD

Cushing Crude Oil Inventories

20:45

CAD

BoC Gov Poloz Speaks

21:45

USD

FOMC Member Harker Speaks

23:00

USD

FOMC Member Kaplan Speaks

23:30

USD

Beige Book

YOUR MINTVISORY

Forecast

Previous 103.9B

-1.318M

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DISCLAIMER 19 Oct 2016 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX

The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

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Epic research daily commodity report of 19 oct 2016  

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