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DAILY COMMODITY REPORT 04th DECEMBER 2013

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DAILY MARKET WRAPUP COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05 DEC 2013

30084

29148

28719

29062

+1.10

383

SILVER

05 DEC 2013

42845

44472

43830

44138

-0.23

2733

CRUDE

18 DEC 2013

5866

6020

5863

6014

+2.56

12702

NATURAL GAS

26 DEC 2013

247.50

251.6

247.3

248.40

+1.05

15531

COPPER

28 FEB 2013

445.90

446.6

443.6

445.5

0.00

13220

NICKEL

31 DEC 2013

847.10

847.10

838.2

844.4

-0.08

8923

LEAD

29 NOV 2013

128.50

129.05

128.05

128.80

+0.12

2471

ZINC

29 NOV 2013

116.30

116.95

115.9

116.7

+0.34

2179

ALUMINIUM

31 DEC 2013

107.55

107.70

107.2

107.50

+0.05

1980

LME WAREHOUSE STOCKS (28 - NOV- 2013)

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METAL

TONNES IN STORAGE

ALUMINIUM

-6175

COPPER

-1650

LEAD

-225

NICKEL

846

TIN

-280

ZINC

-4675 Call us at +91-731-6642300


INTERNATIONAL MARKETS PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/t oz.

1,221.90

+1.10

+0.09%

FEB 14

GOLD SPOT

USD/t oz.

1,222.68

-0.74

-0.06%

N/A

COMEX SILVER

USD/t oz.

19.12

+0.06

+0.29%

MAR 14

COMEX COPPER

USd/lb.

318.00

+1.25

+0.39%

MAR 14

PLATINUM SPOT

USD/t oz.

1,356.05

-3.45

-0.25%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/bbl.

97.27

+1.23

+1.28%

JAN 14

CRUDE OIL (BRENT)

USD/bbl.

112.88

+0.26

+0.23%

JAN 14

RBOB GASOLINE

USd/gal.

274.69

+2.32

+0.85%

JAN 14

NYMEX NATURAL GAS

USD/MMBtu

3.99

+0.02

+0.43%

JAN 14

NYMEX HEATING OIL

USd/gal.

307.43

+2.42

+0.79%

JAN 14

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INTRADAY SUPPORT AND RESISTANCE

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

RES.2

RES.3

ALUMINIUM

31-Dec

105.60

106.25

106.85

107.50

108.10

108.75

109.35

COPPER

28-Feb

436.87

440.93

443.27

447.33

449.67

453.73

456.07

CRUDEOIL

18-Dec

5711

5747

5800

5836

5889

5925

5978

GOLD

5-Feb

28294

28536

28682

28924

29070

29312

29458

LEAD

31-Dec

125.92

126.88

127.72

128.68

129.52

130.48

131.32

NATURALGAS

26-Dec

241.37

242.73

244.97

246.33

248.57

249.93

252.17

NICKEL

31-Dec

821.3

827.4

836.6

842.7

851.9

858.0

867.2

SILVER

5-Mar

42525

43418

43945

44838

45365

46258

46785

ZINC

31-Dec

114.07

114.83

115.57

116.33

117.07

117.83

118.57

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MOST ACTIVE CONTRACTS

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

CRUDE OIL

18-12-2013

6002.00

46,36,06,484.00

77,242

SILVERMICRO

28-02-2014

44250.00

3,10,65,71,250.00

70,205

NATURAL GAS

26-12-2013

249.80

1,04,59,375.80

41,871

SILVER M

28-02-2014

44248.00

1,67,11,58,464.00

37,768

COPPER

28-02-2014

445.60

1,01,43,638.40

22,764

GOLD PETAL

31-12-2013

3011.00

5,61,94,293.00

18,663

COPPERMINI

28-02-2014

445.60

73,02,047.20

16,387

LEADMINI

31-12-2013

128.70

13,72,328.10

10,663

NICKEL

31-12-2013

845.10

86,80,022.10

10,271

NICKELMINI

31-12-2013

844.80

65,92,819.20

7,804

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COMMODITY BUZZ AND ECONOMIC EVENTS

SPECIAL NEWS : Australian economic growth disappointed in the third quarter, coming in below expectations and producing an immediate fall in the Australian dollar. GDP grew 0.6% in Q3 from the second, and by 2.3% from a year earlier, The PMI for China's non-manufacturing sector stood at 56% in Nov., down from 56.3% for Oct. China's manufacturing PMI was 51.4% in Nov. the same as that in Oct. and the highest for 19 consecutive months. But the sub-index for new export orders gained 0.5 percentage points to 49.9 % in Nov. though it was still in contraction territory. The Chinese economy grew 7.7% in the first nine months of 2013, higher than the government's full-year target of 7.5%. GDP growth in the Q3 accelerated to 7.8% from 7.5%. Rio Tinto PLC, one of the largest miners in the world has unveiled plans for a marked cut in spending over the next couple of years. These cuts are part of efforts to reduce the debt it accumulated in a massive expansion of its global mining operations.

YOUR MINTVISORY

COMMODITY BUZZ : 

Aluminium market deficit excluding China is expected to go up further next year than in 2013. The critical shift in fundamentals has come on the supply-side ex-China. The LME warehouse rules proposed in July 2013 (and confirmed in November) catalysed a near 15% drop in US and European physical premiums.

Crude Supply Down 12 Million Barrels. A decline of 1.25 million barrels had been forecasted. Gasoline stockpiles fell 119,000 barrels, while distillate supplies rose 540,000 barrels. The expectations for gasoline supplies to rise by 2 mn barrels and distillate inventories to decline by 1 million barrels.

Gold traders are looking ahead of the major economic data scheduled to release later week, with ADP private payrolls and ISM non-manufacturing numbers on Wednesday. After that, a GDP revision is due Thursday, and the closely watched non farm-payrolls report caps off the crowded calendar on Friday.

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EPIC RESEARCH– ANALYST SPEAKS SILVER MCX:

MCX SILVER march contract was closed at Rs 44138 down Rs 334, or 0.75 percent. The SILVER rate touched an intraday high of Rs 44472 and an intraday low of Rs 43830. 21729 contracts had been traded. Silver opened at morning with gap down and made day low. In mid session Silver traded in narrow range and made high in the later session at night. After 9 p.m. some buying pressure was seen in silver, but it will helpfully not break the nearest resistance of 44550. BUY SILVER MAR ABOVE 44550 TGT 44750/45050 SL 44150 SELL SILVER MAR BELOW 43750 TGT 43550/43150 SL 44050

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GOLD MCX:

MCX GOLD February contract was closed at Rs 29062 up Rs 233, or 0.81 percent. The GOLD rate touched an intraday high of Rs 29148 and an intraday low of Rs 28719. 18518 contracts had been traded. Gold Price was taking support at 29720 and traded in narrow range all day. In evening session Gold price broke the nearest resistance of 28900 and made new high of 29148. BUY GOLD FEB ABOVE 29290 TGT 29370/29470 SL 29190 SELL GOLD FEB BELOW 28870 TGT 28790/28690 SL 28970

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TODAY’S ECONOMIC EVENTS

Time

Counrty

Event

Actual

Forecast Previous

WEDNESDAY, DECEMBER 4 07:15

CNY

CHINESE HSBC SERVICES PMI

14:18

EUR

FRENCH SERVICES PMI

48.8

48.8

14:23

EUR

GERMAN SERVICES PMI

54.5

54.5

14:58

GBP

SERVICES PMI

62.0

62.5

YOUR MINTVISORY

52.5

52.6

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Daily commodity report 04 dec 2013by epic research