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DAILY COMMODITY REPORT 26th NOVEMBER. 2013

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DAILY COMMODITY REPORT

COMMODITY WRAPUP

26th NOVEMBER. 2013

COPPER

GOLD

Copper is moving in a range as its nature made high of444,25 and low 444,10 and gave closing at 444,10.trend is bearish. Money managers decided to slash the long positions of Copper and simultaneously build short positions. COMEX Copper prices for December traded at $ 3.212 per pound, down 0.2 cents. MCX Copper traded at Rs 442.9 per kg, up 0.26%. The prices tested a high of Rs 443.75 per kg and a low of Rs 442.4 per kg.

Indian gold futures edged down on Monday tracking bearish international cues, positive Asian equities, and firm Dollar. Continuing outflows from exchange-traded funds and concerns that US central bank may start withdrawing its monetary stimulus soon were seen putting pressure on the yellow metal prices in the global futures markets. MCX gold for December delivery was seen trading with a loss of 0.43% at Rs.29712 per 10 grams as of 15.27 IST on Monday.

CRUDE OIL

SILVER

Oil declines sharply in the Asia electronic session Monday following a key deal between world powers and Iran, Iran on Sunday agreed to curb its nuclear program for the next six months in exchange for limited sanctions relief. In the morning trades crude oil saw a sharp selling with gap-down opening @ 5974 and broke support level of 5950 and full day in the range of 5900-5860 in evening having some buying pressure in crude but instead of an upside move crudeoil gave the closing at 5903.

MCX Silver futures slumped more than 1% yesterday, falling on weak global cues and consistent selling pressure. The global Silver futures eased to nearly four month lows as precious metals took a tumble on waning geopolitical uncertainty. The precious metals have been under check off late as worries about the reversal in US Fed's asset buying cause havoc in the markets. Silver demand is an increase because of its price correction. Silver's industrial demand is expected to rise 1% this year.

SPECIAL NEWS

COMMODITY BUZZ

* In the week ahead, investors will be closely watching a flurry of U.S. data to further gauge the strength of the economy and the need for stimulus from the Federal Reserve. The U.S. is to release a series of reports on the housing sector, as well as data on consumer confidence and durable goods orders in coming days.

◊ Australia's central bank dampened speculation that it's close to intervening in currency markets to help exporters struggling to compete internationally. Deputy governor of the Reserve Bank of Australia, said the central bank doesn't rule intervention in or out, but that the threshold for intervening was "fairly high."

* The Nuclear program was reached in marathon talks in Geneva that ended Sunday after protracted negotiations between Iran and the P5+1 nations comprising the United States, China, France, Britain, Russia and Germany. The deal also will suspend U.S. pressure for progressively deeper cuts by importers of Iranian crude oil, including countries such as China.

◊ A year-on-year decline in demand of Gold reflected further depletion of western investors' ETF positions. Investment demand slipped by a whooping 56% to 185.50 tonnes.

YOUR MINTVISORY

◊ China copper market remains buoyant due to a combination of scrap shortage and stock building. Refined copper production is also expected to show strong growth. Call us at +91-731-6642300


DAILY COMMODITY REPORT

COMMODITY LEVELS

26th NOVEMBER. 2013

DAILY LEVELS WITH TREND % Chg.

TREND

ITEM

CMP

30181

+0.87

Bearish

COMEXGOLD

1,251.70

43925

44480

-0.19

Bearish

5974

5849

5903

-1.79

Bearish

GOLD SPOT

1,252.15

26 DEC 2013

237.4

234.8

237.30

-0.42

Bullish

COMEX SILVER

20.21

29 NOV 2013

444.25

441.1

444.1

-0.11

Bullish CRUDE OIL WTI

94.30

BRENT CRUDE

110.82

NYMEX NATURAL GAS

3.81

ITEM

Contract

High

Low Close

GOLD

05 DEC 2013

30237

29615

SILVER

05 DEC 2013

44670

CRUDE

18 DEC 2013

NATURAL GAS COPPER NICKEL

29 NOV 2013

845.30

835.9

841.8

-0.36

Bearish

LEAD

29 NOV 2013

130.55

129.2

129.35

-1.26

Bearish

ZINC

29 NOV 2013

117.95

116.85

117.25

-0.68

Bearish

ALUMINIUM

29 NOV 2013

110.00

107.85

108.10

-0.96

Bearish

SUPPORT & RESISTANCE COMMODITIES

CONTRACT

S2

S1

PIVOT

R1

R2

GOLD

05DEC2013

29389.00

29785.00

30011.00

30407.00

30633.00

SILVER

05DEC2013

43613.33

44046.67

44358.33

44791.67

45103.33

CRUDE

18 DEC 2013

5783.67

5843.33

5908.67

5968.33

6033.67

NATURAL GAS

26 DEC 2013

233.90

235.60

236.50

238.20

239.10

COPPER

29 NOV 2013

440.00

442.05

443.15

445.20

446.30

NICKEL

29 NOV 2013

831.60

836.70

841.00

846.10

850.40

LEAD

29 NOV 2013

128.35

128.85

129.70

130.20

131.05

ZINC

29 NOV 2013

116.25

116.75

117.35

117.85

118.45

ALLUMINIUM

29 NOV 2013

106.50

107.30

108.65

109.45

110.80

YOUR MINTVISORY

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DAILY COMMODITY REPORT 26th NOVEMBER. 2013

RECOMMENDATION GOLD

In mid range session trading seen consolidate yesterday in Gold took support of 29630 and bounce, in evening session fresh buying came after 6,30 and gold break the consolidate range and made new high of 30237 & closed at 30181.

BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30330

SILVER

At morning silver open at bearish way as following trend, in mid session have some sideways buy made new low continuously. and made day low 43925.in the evening session it breaks the resistance 44250and made new day high of 44670. closed at 44480.

BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150 SELL SILVER BELOW 44800 TGTS 44600/44300 SL 45150

YOUR MINTVISORY

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DAILY COMMODITY REPORT

COMMODITY SPECIAL

26th NOVEMBER. 2013

LME INVENTORY (in tonnes) Change

METALS ALUMINIUM

-9000

COPPER

-1600

LEAD

-200

NICKEL

-126

TIN

-290

ZINC

-4550 MOST ACTIVE CONTRACTS BY (VOLUME)

Symbol

Expiry Date

SILVERMICRO

30-11-2013

44485.00

2,90,07,77,880.00

65,208

CRUDE OIL

18-12-2013

5885.00

37,33,32,630.00

63,438

SILVER M

30-11-2013

44486.00

1,45,76,72,762.00

32,767

NATURAL GAS

26-12-2013

239.70

75,01,171.80

31,294

COPPER

29-11-2013

443.55

1,09,61,451.15

24,713

GOLD M

05-12-2013

30820.00

63,61,24,800.00

20,640

SILVER

05-12-2013

44464.00

79,80,84,336.00

17,949

GOLD

05-12-2013

30109.00

50,41,14,987.00

16,743

COPPERMINI

29-11-2013

443.45

71,21,363.55

16,059

GOLD PETAL

30-11-2013

3102.00

3,57,81,570.00

11,535

YOUR MINTVISORY

LTP

Value (In Lacs) Volume (In Lots)

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DAILY COMMODITY REPORT

ECONOMIC CALENDER

26th NOVEMBER. 2013

THIS WEEK'S U.S. ECONOMIC REPORTS TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

--

-5.6%

MONDAY, NOV. 25 10 AM

PENDING HOME SALES

OCT. TUESDAY, NOV. 26

8:30 AM

HOUSING STARTS

OCT.

925,000

891,000

8:30 AM

BUILDING PERMITS

OCT.

930,000

926,000

9 AM

CASE-SHILLER HOME PRICE INDEX

SEPT.

--

12.8% YOY

9 AM

FHFA HOME PRICE INDEX

SEPT.

--

8.5% yoy

10 AM

CONSUMER CONFIDENCE

NOV.

72.0

71.2

WEDNESDAY, NOV. 27 8:30 AM

WEEKLY JOBLESS CLAIMS

11/23

N/A

N/A

8:30 AM

DURABLE GOODS ORDERS

OCT.

-1.8%

3.8%

9:45 AM

CHICAGO PMI

NOV.

63.0

65.9

10 AM

UMICH CONSUMER SENTIMENT INDEX

NOV.

73.0

72.0

10 AM

LEADING ECONOMIC INDICATORS

OCT.

--

0.7%

THURSDAY, NOV. 28 THANKSGIVING DAY NONE SCHEDULED FRIDAY, NOV. 29 NONE SCHEDULED

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DAILY COMMODITY REPORT 26th NOVEMBER. 2013

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Daily commodity report 26 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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