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DAILY COMMODITY REPORT 19th NOVEMBER. 2013

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DAILY COMMODITY REPORT

COMMODITY WRAPUP

19th NOVEMBER. 2013

COPPER

GOLD

Overall trend of the Copper is bearish for medium-long term .Currently Copper is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend. Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is inSELL position

The Gold is in long- medium- short-mediumshort- term bull phase. Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend. Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal

CRUDE OIL

SILVER

Overall trend of the Crudeoil is bearish for medium-long term. Currently Crudeoil is moving sideways The oscillator is showing BUY signal and has moved down its previous low. The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORT position.

Overall trend of the Silver is bearish for medium-long term. Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend. Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.

SPECIAL NEWS

COMMODITY BUZZ

*The US will pass Russia as the world’s # 1 Crude

◊ Nickel that is used specifically for the purposes of making steel is experiencing recovery in the value. The jump in the metal has been witnessed after the news of Indonesian ore export ban hit the market. Indonesian government had earlier decided to ban exports of ores including bauxite from 2014. These ores are used to make Nickel

Oil producer by T 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations. The role of the Organization of Petroleum Exporting Countries (OPEC) will recover in the middle of the next decade as other nations struggle to repeat North America’s success with exploiting shale deposits. Rising shale output in the US is helping the world’s largest Oil consumer achieve its highest level of energy independence in 20 yrs, cushioning it against disruptions in Africa and the Middle East. Output declines at a rate of 6% a year at conventional Oil fields once they reach peak production.

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◊ US net long-term TIC flows jumped to $25.5B in June, above the forecast of rising to $21.3B and following a reading of $-9.8B in August, the US Department of Treasury reported on Monday. Total net TIC flows plunged to $-106.8B from $13.8B

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DAILY COMMODITY REPORT

COMMODITY LEVELS

19th NOVEMBER. 2013

DAILY LEVELS WITH TREND % Chg.

OI (in lots)

TREND

30044

-0.91

7266

Bullish

45265

45350

-2.98

10523

Bearish

5893

5767

5773

-2.19

8212

Bearish

229.80

232.2

227.7

228.90

-0.17

7898

Bullish

29 NOV 2013

439.50

440.65

432.85

433.1

-1.77

17086

Sideways

NICKEL

29 NOV 2013

866.60

868.30

842.2

842.2

-2.65

9220

Bearish

LEAD

29 NOV 2013

130.80

130.85

128.25

128.30

-1.83

2931

Bearish

ZINC

29 NOV 2013

117.55

117.55

115.45

115.45

-1.70

2386

Bearish

ALUMINIUM

29 NOV 2013

110.60

117.55

115.45

115.45

-1.58

2445

Sideways

ITEM

Contract

Open

High

Low

GOLD

05 DEC 2013

30296

30350

30015

SILVER

05 DEC 2013

46541

46680

CRUDE

19 NOV 2013

5893

NATURAL GAS

25 NOV 2013

COPPER

Close

SUPPORT & RESISTANCE COMMODITIES

CONTRACT

S2

S1

PIVOT

R1

R2

GOLD

05DEC2013

29801.33

29922.67

30136.33

30257.67

30471.33

SILVER

05DEC2013

44350.00

44850.00

45765.00

46265.00

47180.00

CRUDE

19 NOV 2013

5685.00

5729.00

5811.00

5855.00

5937.00

NATURAL GAS

25 NOV 2013

225.10

227.00

229.60

231.50

234.10

COPPER

29 NOV 2013

427.73

430.42

435.53

438.22

443.33

NICKEL

29 NOV 2013

824.80

833.50

850.90

859.60

877.00

LEAD

29 NOV 2013

126.53

127.42

129.13

130.02

131.73

ZINC

29 NOV 2013

114.05

114.75

116.15

116.85

118.25

ALLUMINIUM

29 NOV 2013

107.35

108.05

109.30

110.00

111.25

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DAILY COMMODITY REPORT 19th NOVEMBER. 2013

RECOMMENDATION GOLD The four hourly chart of GOLD suggests that if Gold gives breakout at 30200, we expect price to move up to the level of 30380. And the chart of Gold here also suggests that the prices have breached the crucial support of 29950 level, below this level we expect prices to come down to the level of 29880.

BUY GOLD MCX ABOVE 30200 TGTS 30280/30380 SL 30100 SELL GOLD MCX BELOW 29950 TGTS 29880/29780 SL 30050

SILVER The four hourly chart of Silver suggests that if silver gives breakout at 46700, we expect price to move up to the level of 47300. And the chart of silver here also suggests that the prices have breached the crucial support of 45100 level, below this level we expect prices to come down to the level of 44600.

BUY SILVER MCX ABOVE 46700 TGTS 46950/47300 SL 46400 SELL SILVER MCX BELOW 45100 TGTS 44850/44600 SL 45400

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DAILY COMMODITY REPORT

COMMODITY SPECIAL

19th NOVEMBER. 2013

LME INVENTORY (in tonnes) 18-Nov-13

Change

15-Nov-13

5335050

35400

5299650

Copper

448950

-2700

451650

Nickel

244614

-204

244818

Lead

236125

-550

236675

Zinc

996550

-1650

998200

Tin

11480

-75

11555

METALS Aluminium

MOST ACTIVE CONTRACTS BY (VOLUME) Symbol

Expiry Date

SILVERMICRO

30-11-2013

45395.00

2,84,09,09,890.00

62,582

CRUDE OIL

19-11-2013

5775.00

32,90,59,500.00

56,980

SILVER M

30-11-2013

45381.00

1,50,32,45,625.00

33,125

NATURAL GAS

25-11-2013

229.40

74,82,798.60

32,619

COPPER

29-11-2013

433.70

1,28,13,666.50

29,545

COPPERMINI

29-11-2013

433.85

90,10,196.80

20,768

GOLD M

05-12-2013

30600.00

56,26,11,600.00

18,386

GOLD PETAL

30-11-2013

3085.00

5,38,57,930.00

17,458

SILVER

05-12-2013

45361.00

79,18,66,977.00

17,457

GOLD

05-12-2013

30042.00

41,30,17,416.00

13,748

YOUR MINTVISORY

LTP

Value (In Lacs) Volume (In Lots)

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DAILY COMMODITY REPORT 19th NOVEMBER. 2013

TIME (ET)

ECONOMIC CALENDER

REPORT

PERIOD ACTUAL

CONSENSUSFORECAST

PREVIOUS

MONDAY, NOV. 18 10 am

Home builders' index

Nov.

56

55

0.5%

0.5%

TUESDAY, NOV. 19 8:30 am

Employment cost index

3Q WEDNESDAY, NOV. 20

8:30 am

Retail sales

Oct.

0.1%

-0.1%

8:30 am

Retail sales ex-autos

Oct.

0.2%

0.4%

8:30 am

Consumer price index

Oct.

0.0%

0.2%

8:30 am

Core CPI

Oct.

0.2%

0.1%

10 am

Business inventories

Sept.

0.3%

0.3%

10 am

Existing home sales

Oct.

5.23 mln

5.29 mln

2 pm

FOMC minutes THURSDAY, NOV. 21

8:30 am

Weekly jobless claims

11/16

N/A

N/A

8:30 am

Producer price index

Oct.

-0.2%

-0.1%

8:30 am

Core PPI

Oct.

0.1

0.1%

8:58 am

Markit flash PMI

Nov.

--

51.8

10 am

Philly Fed

Nov.

15.0

19.8

10 am

Leading indicators

Oct.

--

FRIDAY, NOV. 22 10 am

Job openings

YOUR MINTVISORY

Sept.

3.9 mln Call us at +91-731-6642300


DAILY COMMODITY REPORT 19th NOVEMBER. 2013

Disclaimer 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 NSE and BSE. 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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Daily commodity report 19 nov 2013 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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