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DAILY COMMODITY REPORT 08th JANUARY 2014

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DAILY MARKET WRAPUP 08th JANUARY 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05 FEB 2014

29001.00

29060.00

28802.00

28834.00

-0.33

8714

SILVER

05 MAR 2014

45427.00

45575.00

44350.00

44526.00

-1.69

9918

CRUDE

20 JAN. 2013

5857.00

5879.00

5831.00

5856.00

+0.22

12767

NATURAL GAS

28 JAN. 2013

268.20

276.80

268.20

269.90

1.15

13674

COPPER

28 FEB 2014

467.15

467.90

464.20

465.35

-0.30

12926

NICKEL

31 JAN 2013

852.00

853.60

840.20

842.90

-0.74

13482

LEAD

31 JAN 2013

134.95

135.80

133.40

133.55

-1.18

3658

ZINC

31 JAN 2013

127.90

128.05

126.90

127.35

-0.31

3113

ALUMINIUM

31 JAN 2013

109.30

109.75

108.85

109.30

-0.32

1912

LME WAREHOUSE STOCKS (07– JAN- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-3850

COPPER

-3050

LEAD

-500

NICKEL

-138

TIN

70

ZINC

-4525 Call us at +91-731-6642300


INTERNATIONAL MARKETS 08th JANUARY 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,227.40

-2.20

-0.18%

FEB 14

GOLD SPOT

USD/T OZ.

1,228.25

-3.83

-0.31%

N/A

COMEX SILVER

USD/T OZ.

19.75

-0.04

-0.21%

MAR 14

COMEX COPPER

USD/LB.

336.40

+0.45

+0.13%

MAR 14

PLATINUM SPOT

USD/T OZ.

1,412.34

-3.61

-0.26%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

93.89

+0.22

+0.23%

FEB 14

CRUDE OIL (BRENT)

USD/BBL.

107.42

+0.07

+0.07%

FEB 14

RBOB GASOLINE

USD/GAL.

267.37

-0.49

-0.18%

FEB 14

NYMEX NATURAL GAS

USD/MMBTU

4.32

+0.02

+0.54%

FEB 14

NYMEX HEATING OIL

USD/GAL.

295.67

-0.26

-0.09%

FEB 14

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INTRADAY SUPPORT AND RESISTANCE 08th JANUARY 2014

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

RES.2

RES.3

ALUMINIUM

31-JAN

107.95

108.40

108.85

109.30

109.75

110.20

110.65

COPPER

28-FEB

460.03

462.12

463.73

465.82

467.43

469.52

471.13

CRUDEOIL

20-JAN

5784

5807

5832

5855

5880

5903

5928

GOLD

5-FEB

28479

28641

28737

28899

28995

29157

29253

LEAD

31-JAN

130.30

131.85

132.70

134.25

135.10

136.65

137.50

NATURALGAS

28-JAN

257.87

263.03

266.47

271.63

275.07

280.23

283.67

NICKEL

31-JAN

824.1

832.2

837.5

845.6

850.9

859.0

864.3

SILVER

5-MAR

42834

43592

44059

44817

45284

46042

46509

ZINC

31-JAN

125.67

126.28

126.82

127.43

127.97

128.58

129.12

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MOST ACTIVE CONTRACTS 08th JANUARY 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

28-02-2014

44624.00

4,24,23,14,432.00

95,068

NATURAL GAS

28-01-2014

271.60

1,84,29,418.00

67,855

SILVER M

28-02-2014

44623.00

2,24,31,08,964.00

50,268

CRUDE OIL

20-01-2014

5859.00

28,71,61,308.00

49,012

SILVER

05-03-2014

44601.00

1,12,28,30,175.00

25,175

COPPER

28-02-2014

465.65

89,85,648.05

19,297

LEADMINI

31-01-2014

133.60

25,39,468.80

19,008

GOLD M

05-02-2014

29005.00

50,70,36,405.00

17,481

NICKEL

31-01-2014

844.80

1,42,77,964.80

16,901

GOLD

05-02-2014

28877.00

46,50,06,331.00

16,103

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COMMODITY BUZZ AND ECONOMIC EVENTS 08th JANUARY 2014

SPECIAL NEWS : 

US home prices surged in November. The Prices rose 0.1% on a monthly basis to take year-on-year gains to 11.8%, the 21st straight month of year-over-year gains. CoreLogic's pending home price forecast a 0.1% monthly drop for December and a year-on-year gain of 11.5%- marking the best year since 2005. The outlook for 2014 looks a bit less robust as regulatory complexities and tight credit can be expected to cool the housing market. Eurozone inflation declined 0.8 % in December from 0.9% in November. The rate was forecast to remain unchanged at 0.9%. The European Central Bank aims at inflation rates of below, but close to, 2% over the medium term. Data today showed that cost of food, alcohol and tobacco advanced 1.8% and that of services gained 1%. At the same time, energy prices remained flat in December. Excluding energy, food, alcohol and tobacco, core inflation eased to 0.7% from 0.9% in Nov. The statistical office will release a detailed report on January 16.

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COMMODITY BUZZ : 

Surging internal violence, ongoing security and political challenges in Iraq are expected to put pressure on crude oil production, exports from the county in 2014, said London based Barclays in its recent weekly report. Northern Iraqi oil exports could theoretically improve in the coming year, but continued pipeline sabotage is likely to threaten exports via KirkukCeyhan.

Natural gas production in the northeastern US rose from 2.1 bn cubic feet per day (Bcf/d) in 2008 to 12.3 Bcf/d in 2013. This trend has reduced the cost and increased the supply of natural gas in the North-east. Despite recent gains, drilling for natural gas is down 57% since peaking in October 2011 at 936 but so far gas production has not slowed much from the record high hit last year. Colder winter temperatures in 2013 and 2014 (compared with the record-warm temperatures in 2012) have in-creased the amount of natural gas used for residential and commercial space heating.

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EPIC RESEARCH– ANALYST SPEAKS 08th JANUARY 2014

SILVER MCX:

The SILVER rate touched an intraday high of Rs 45575 and an intraday low of Rs 44350. 25680 contracts had been traded. Silver opened at morning with gap up and made day high. In mid session silver traded in narrow range and made night low of 44350 . After evening there had been seen more selling in silver and it will helpful to break the nearest support 44300. BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44340 SELL SILVER BELOW 44280 TGTS 44080/43780 SL 44630

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EPIC RESEARCH– ANALYST SPEAKS 08th JANUARY 2014

GOLD MCX:

The GOLD rate touched an intraday high of Rs 29060 and an intraday low of Rs 28002. 16380 contracts had been traded. Gold Price was taking support at 28800 traded in sideways big range all day. In evening session gold price broke the nearest support 28900 and made low of 28002. BUY GOLD ABOVE 29020 TGTS 29100/29200 SL 28900 SELL GOLD BELOW 28790 TGTS 28710/28610 SL 28900

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TODAY’S ECONOMIC EVENTS 08th JANUARY 2014

Time

Counrty

Event

Actual Forecast Previous

WEDNESDAY, JANUARY 8

15:30

EUR

RETAIL SALES (YOY)

0.3%

-0.1%

15:30

EUR

RETAIL SALES (MOM)

0.2%

-0.2%

15:30

EUR

UNEMPLOYMENT RATE

12.1%

12.1%

16:30

EUR

GERMAN FACTORY ORDERS (MOM)

1.5%

-2.2%

18:45

USD

ADP NONFARM EMPLOYMENT CHANGE

200K

215

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Daily commodity report 08 jan 2014 by epic research  

Epic Research adopts multiple ways to analyze the markets and statistics to follow economic trends. Epic also provides daily market updates...

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