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DAILY COMMODITY REPORT 11th DECEMBER 2013

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DAILY MARKET WRAPUP 11th DECEMBER 2013 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

SILVER

05 MAR 2013

443398

45549

44398

45450

+2.74

9275

CRUDE

18 DEC 2013

5957

6049

5957

6011

+0.99

9941

NATURAL GAS

26 DEC 2013

259

262.4

257

258.5

0.00

17496

COPPER

28 FEB 2013

445.85

449.1

445.85

447.75

+0.35

137.48

NICKEL

31 DEC 2013

854.4

462.5

849.6

850.5

-0.14

8733

LEAD

31 DEC 2013

128.45

130.2

128.45

129.35

+0.70

2278

ZINC

31 DEC 2013

117.5

119.35

117.5

119.15

+1.41

3665

ALUMINIUM

31 DEC 2013

108

109.2

108.45

107.85

+0.46

2087

LME WAREHOUSE STOCKS (28 - NOV- 2013)

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METAL

TONNES IN STORAGE

ALUMINIUM

-8600

COPPER

-3225

LEAD

-1000

NICKEL

-780

TIN

75

ZINC

-4725 Call us at +91-731-6642300


INTERNATIONAL MARKETS 11th DECEMBER 2013

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,257.10

-4.00

-0.32%

FEB 14

GOLD SPOT

USD/T OZ.

1,257.78

-4.41

-0.35%

N/A

COMEX SILVER

USD/T OZ.

20.30

+0.60

+3.04%

MAR 14

COMEX COPPER

USD/LB.

326.25

+0.45

+0.14%

MAR 14

PLATINUM SPOT

USD/T OZ.

1,384.73

-4.88

-0.37%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

98.42

-0.09

-0.09%

JAN 14

CRUDE OIL (BRENT)

USD/BBL.

109.31

-0.07

-0.06%

JAN 14

RBOB GASOLINE

USD/GAL.

267.01

-1.28

-0.48%

JAN 14

NYMEX NATURAL GAS

USD/MMBTU

4.25

+0.02

+0.35%

JAN 14

NYMEX HEATING OIL

USD/GAL.

301.78

+0.05

+0.02%

JAN 14

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INTRADAY SUPPORT AND RESISTANCE 11th DECEMBER 2013

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

RES.2

RES.3

ALUMINIUM

31-Dec

105.73

106.22

107.03

107.52

108.33

108.82

109.63

COPPER

28-Feb

441.77

442.73

444.27

445.23

446.77

447.73

449.27

CRUDEOIL

18-Dec

5864

5898

5926

5960

5988

6022

6050

GOLD

5-Feb

28603

28722

28920

29039

29237

29356

29554

LEAD

31-Dec

125.35

126.05

127.15

127.85

128.95

129.65

130.75

NATURALGAS

26-Dec

250.83

252.57

255.53

257.27

260.23

261.97

264.93

NICKEL

31-Dec

832.2

836.7

844.8

849.3

857.4

861.9

870.0

SILVER

5-Mar

43246

43491

43826

44071

44406

44651

44986

ZINC

31-Dec

113.67

114.53

115.87

116.73

118.07

118.93

120.27

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MOST ACTIVE CONTRACTS 11th DECEMBER 2013

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

28-02-2014

45403.00

3,91,60,54,153.00

86,251

CRUDE OIL

18-12-2013

6012.00

38,70,40,536.00

64,378

NATURAL GAS

26-12-2013

258.50

1,40,45,597.50

54,335

SILVER M

28-02-2014

45395.00

1,96,51,94,945.00

43,291

COPPER

28-02-2014

447.35

1,10,25,835.45

24,647

SILVER

05-03-2014

45368.00

1,10,99,73,488.00

24,466

GOLD M

03-01-2014

30117.00

56,13,80,880.00

18,640

COPPERMINI

28-02-2014

447.30

81,72,171.00

18,270

NICKEL

31-12-2013

851.70

1,47,53,999.10

17,323

LEADMINI

31-12-2013

129.15

22,19,959.35

17,189

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COMMODITY BUZZ AND ECONOMIC EVENTS 11th DECEMBER 2013

SPECIAL NEWS : 

Japanese core machinery orders rose 0.6% in October from the previous month, as some demand ahead of a planned sales tax hike leveled off. Many companies placed machinery orders before the end of September to take advantage of a program that allowed firms to pay the current 5% sales tax though next April when the levy rises to 8%. The government revised its assessment of core machinery orders, widely seen as a leading indicator of corporate capital investment Core orders exclude those from electric power companies and those for ships, which are often a source of volatility in the overall data due to their large sizes. The sub segments like passenger cars, utility vehicles, and vans declined by 4.9%. 3.62%, and 12.2% respectively. The industry produced a total 1,773,678 vehicles in November 2013 as against 1,644,723 in November 2012, registering a growth of 7.84 percent over the same month last year. The overall Commercial Vehicles segment registered a decline of 17.51% in AprilNovember 2013 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth at 26.81% and Light Commercial Vehicles also dropped by 12.52%.

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COMMODITY BUZZ : 

Gold production for 2013 will be 8.4% lower than previously expected due to orders suspending its explosives license at some of its pits. The Mexican gold and silver miner now expects gold production to be 425,900 ounces, but silver production to be unchanged at 41 million ounces. It had previously targeted gold production of 465,000 ounces for the year.

The American Petroleum Institute late Tuesday reported a 7.5 million-barrel drop in crude supplies for the week ended Dec. 6. A decline of 2.8 million barrels in crude supplies had been forecasted. API reported gasoline stockpiles rose 6.3 million barrels, while distillate supplies climbed 1.2 million barrels. It was expected that gasoline supplies will rise by 2.1 million barrels and distillate inventories will decline by 1.3 million barrels.

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EPIC RESEARCH– ANALYST SPEAKS 11th DECEMBER 2013

SILVER MCX:

MCX SILVER march contract was closed at Rs 45450 up Rs 1290, or + 2.92 percent. The SILVER rate touched an intraday high of Rs 45549 and an intraday low of Rs 44398. So far 15713 contracts have been traded. Silver opened at morning with gap up and made day low. In mid session silver trade in narrow range and made night high. After 6.00 p.m. Have seen more buying pressure in silver and it will helpful to break the nearest resistance of 45950. BUY SILVER ABOVE 45650 TGTS 45900/46200 SL 45350 SELL SILVER BELOW 45150 TGTS 44900/44600 SL 45450

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EPIC RESEARCH– ANALYST SPEAKS 11th DECEMBER 2013

GOLD MCX:

MCX GOLD February contract was closed at Rs 29535 UP Rs 418, or 0.1.44 percent. The GOLD rate touched an intraday high of Rs 29575 and an intraday low of Rs 29190. So far 13196 contracts have been traded. Gold Price is taking support at 29250 and trade in sideways range all day. In evening session gold price break the nearest resistance of 29400 and made BUY GOLD ABOVE 29600 TGTS 29900/30200 SL 29300 SELL GOLD BELOW 29300 TGTS 29100/28800 SL 29600

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TODAY’S ECONOMIC EVENTS 11th DECEMBER 2013

Time

Counrty

Event

Actual

Forecast Previous

WEDNESDAY, DECEMBER 11

12:00

EUR

FRENCH NON-FARM PAYROLLS (QOQ)

20:30

USD

TREASURY SECRETARY LEW SPEAKS

YOUR MINTVISORY

-0.1%

-0.1%

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Commodity daily report 11 dec 2013 by epic research