Issuu on Google+

DAILY COMMODITY REPORT 27th JANUARY 2014

Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417)

HNI & NRI Sales Contact Australia

Toll Free Number

Mintara Road, Tarneit, Victoria. Post Code 3029

1-800-200-9454

Phone.: +61 422 063855

All queries should be directed to

2 RNT Marg. Opp Cental Mall Indore (M.P.)

Info@epicresearch.co

Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 YOUR MINTVISORY

HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315

Call us at +91-731-6642300


DAILY MARKET WRAPUP 27th JANUARY 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05 FEB 2014

29270.00

29675.00

29252.00

29519.00

+0.48

6892

SILVER

05 MAR 2014

44864.00

45649.00

44622.00

44691.00

-0.25

9351

CRUDE

19 FEB 2014

6091.00

9135.00

6059.00

6106.00

-0.25

9413

NATURAL GAS

28 JAN 2014

299.80

319.90

299.80

318.80

+5.52

12911

COPPER

28 FEB 2014

454.50

458.15

452.70

455.50

+0.43

9709

NICKEL

31 JAN 2014

907.40

913.60

900.30

906.60

+0.02

4902

LEAD

31 JAN 2014

133.45

135.60

132.45

133.45

+1.84

2422

ZINC

31 JAN 2014

127.00

127.20

125.75

126.20

-0.28

1984

ALUMINIUM

31 JAN 2014

107.55

108.70

107.15

108.05

+0.56

2094

LME WAREHOUSE STOCKS (24– JAN- 2014)

YOUR MINTVISORY

METAL

TONNES IN STORAGE

ALUMINIUM

-7325

COPPER

-425

LEAD

-375

NICKEL

2502

TIN

-70

ZINC

2900 Call us at +91-731-6642300


INTERNATIONAL MARKETS 27th JANUARY 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,264.50

+2.00

+0.16%

APR 14

GOLD SPOT

USD/T OZ.

1,270.06

+5.93

+0.47%

N/A

COMEX SILVER

USD/T OZ.

19.77

-0.25

-1.22%

MAR 14

COMEX COPPER

USD/LB.

327.15

0.00

0.00%

MAR 14

PLATINUM SPOT

USD/T OZ.

1,428.75

-28.13

-1.93%

N/

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

96.64

0.00

0.00%

MAR 14

CRUDE OIL (BRENT)

USD/BBL.

107.88

+0.30

+0.28%

MAR 14

RBOB GASOLINE

USD/GAL.

266.32

0.00

0.00%

FEB 14

NYMEX NATURAL GAS

USD/MMBTU

5.18

+0.45

+9.56%

FEB 14

NYMEX HEATING OIL

USD/GAL.

313.74

0.00

0.00%

FEB 14

YOUR MINTVISORY

Call us at +91-731-6642300


INTRADAY SUPPORT AND RESISTANCE 27th JANUARY 2014

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

ALUMINIUM

31-JAN

105.75

106.40

106.95

107.60

108.15

COPPER

28-FEB

444.50

448.20

451.00

454.70

457.50

CRUDEOIL

19-FEB

5930

5967

6034

6071

6138

GOLD

5-FEB

28660

28812

29084

29236

29508

LEAD

31-JAN

129.38

131.07

131.98

133.67

134.58

NATURALGAS

28-JAN

274.87

282.93

289.97

298.03

305.07

NICKEL

31-JAN

871.4

881.9

893.6

904.1

915.8

SILVER

5-MAR

43220

43666

44288

44734

45356

ZINC

31-JAN

123.73

125.17

125.93

127.37

128.1

YOUR MINTVISORY

Call us at +91-731-6642300


MOST ACTIVE CONTRACTS 27th JANUARY 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

28-02-2014

44832.00

5,01,83,59,584.00

1,11,937

NATURAL GAS

28-01-2014

313.40

2,78,62,513.60

88,904

CRUDE OIL

19-02-2014

6086.00

44,65,84,594.00

73,379

SILVER M

28-02-2014

44830.00

2,39,06,04,580.00

53,326

SILVER

05-03-2014

44796.00

1,23,28,75,512.00

27,522

COPPER

28-02-2014

455.75

1,18,28,991.25

25,955

LEADMINI

31-01-2014

135.35

31,13,591.40

23,004

NICKEL

31-01-2014

905.60

1,80,92,076.80

19,978

COPPERMINI

28-02-2014

455.85

90,74,605.95

19,907

GOLD M

05-02-2014

29538.00

56,56,23,162.00

19,149

YOUR MINTVISORY

Call us at +91-731-6642300


TODAY,S COMMODITY NEWS 27th JANUARY 2014

COMMODITY HEADLINES 

Chinese Gold Consumption Soars 32% In 2013.

Global Gold Mine Supply Up 4% in 2013 .

Gold rallies to 2-month high on safe-haven bids.

Foodgrains and Sugar Prices Remain Steady at Wholesale Markets.

Brent-WTI Crude Oil narrows to $10/bbl, WTI to rise on increasing refining margins.

Gold extends gains for second day on sustained buying, global cues.

Commodity exchanges' turnover falls 59 per cent in first half of January.

Gold miners' reserve cuts: Near-term pain, long-term gain.

Sugar prices fall 30% in a year to touch lowest in 5 years.

Gold premiums fall on import curbs ease speculation.

Nickel moves up on rising spot demand.

Coffee sector likely to get Rs 950 cr, a boost for R&D.

Oil prices supported by dip in US distillate supplies.

Pre-2005 notes being used to buy gold at 2-4% commission.

MCX Goldpetal March contract gains.

MCX Goldguinea February contract trades flat.

YOUR MINTVISORY

Call us at +91-731-6642300


COMMODITY BUZZ AND ECONOMIC EVENTS 27th JANUARY 2014

COMMODITY BUZZ :

SPECIAL NEWS : 

Japan's trade deficit unexpectedly widened in December, with exports growing less than forecast. Exports rose 15.3% from a year earlier, while imports grew by 24.7% from December 2012. The resulting trade deficit was 1.302 trillion yen ($12.8 billion), widening from ¥1.293 trillion. The deficit was the 18th in a row for Japan.

Mongolia will cut the gold mining tax to reduce illegal gold mining and smuggling and to boost state control of gold trade. According to a revision of the minerals law passed by parliament on Friday, the gold mining tax is reduced from 10% to 2.5% for gold mining companies that sell their mined gold to the central bank or its accredited commercial banks.

The HSBC China flash Purchasing Managers Index (PMI) data and US Markit PMI has been below consensus but business confidence is set to be positive in January. Fed tapering has been initiated on recovery signals in US economy which should augur well for commodities demand.

Commodities continue to underperform despite some positive trends in global economy due to extended period of supply gains, according to Barclays Research. Commodities have been underperforming equities and pricing in below levels unwarranted by the uptick in industrial production, manufacturing indices and the business sentiment indicators.

Rabi sowing is drawing to a close and the area under rabi crops is showing good increase. The total rabi sown area, as per reports received from States, during the week ending 24.1.2014 stands at 635.13 lakh hectare as compared to 603.39 lakh hectare at this time last year- up 5.26%.

WTI Crude Oil spreads have fallen in the past few days to $10 per barrel, a level last seen in December. Barclays Research points out that strong US refining margins and low product stock cover in the OECD could push WTI prices even higher in the coming weeks as the US continues exporting high levels of light products.

YOUR MINTVISORY

Call us at +91-731-6642300


EPIC RESEARCH– ANALYST SPEAKS 27th JANUARY 2014

SILVER MCX:

Apart from Gold, MCX Silver was less bullish on Friday, weak currency helped price to rise up to 45650, But a sharp fall seen due to profit booking at higher level, Overall trend was bearish still, we expect price can correct up to 44500-44000, on the other side a firm recovery is possible only above 45850. BUY SILVER ABOVE 45000 TGTS 45200/45500 SL 44750 SELL SILVER BELOW 44500 TGTS 44300/44000 SL 45750

YOUR MINTVISORY

Call us at +91-731-6642300


EPIC RESEARCH– ANALYST SPEAKS 27th JANUARY 2014

GOLD MCX:

MCX Gold climb higher to 29675 level on Friday due to weak Indian currency, although profit booking at higher level cap the increasing price. For Monday trend remains mixed and is expected to trade sideways to higher towards 29750 levels in near term, On the other side failed to trade above 29500 get price down to 29200-29000 level. BUY GOLD ABOVE 29650 TGTS 29730/29830 SL 29550 SELL GOLD BELOW 29400 TGTS 29320/29220 SL 29500

YOUR MINTVISORY

Call us at +91-731-6642300


EPIC RESEARCH– ANALYST SPEAKS 27th JANUARY 2014

CASTORSEED

RESISTANCE 1

4119.7

RESISTANCE 2

4162.3

PIVOT

4055.3

SUPPORT 1

4012.7

SUPPORT 2

3948.3

Castor Seed market trades under pressure due to higher production than previous estimate. Area under castor seed has decreased this year from11.81 lakh ha. to 9.84 lakh ha., however, yield has improved significantly from 96. BUY CASTORSEED FEB ABOVE 4130 TGTS 4160,4210 SL 4080 SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080

YOUR MINTVISORY

Call us at +91-731-6642300


EPIC RESEARCH– ANALYST SPEAKS 27th JANUARY 2014

DHANIYA

RESISTANCE 1

8600.7

RESISTANCE 2

8654.3

PIVOT

8543.3

SUPPORT 1

8489.7

SUPPORT 2

8432.3

Bearish trend continued in coriander futures on the back of strong production estimates in major producing states along with higher carryover stocks in local mandies. The NCDEX futures declined by almost 4% from their weekly highs. The NCDEX April coriander futures declined by 0.57% on Friday to close at Rs 9236 per quintal. The NCDEX futures shrugged off by almost 4% from their weekly high of Rs 9569 per quintal. The NCDEX futures reduced 2.2% in open interest indicating fresh selling by traders. BUY DHANIYA FEB ABOVE 8590 TGTS 8620,8670 SL 8540 SELL DHANIYA FEB BELOW 8480 TGTS 8450,8400 SL 8530

YOUR MINTVISORY

Call us at +91-731-6642300


TODAY’S ECONOMIC EVENTS 27th JANUARY 2014

TIME

COUNTRY

EVENT

ACTUAL FORECAST PREVIOUS

MONDAY, JANUARY 27 05:20

JPY

TRADE BALANCE

-1,223B

-1,293B

14:30

EUR

GERMAN BUSINESS EXPECTATIONS

108.0

107.4

14:30

EUR

GERMAN CURRENT ASSESSMENT

112.4

111.6

14:30

EUR

GERMAN IFO BUSINESS CLIMATE INDEX

110.0

109.5

20:30

USD

NEW HOME SALES

457K

464K

20:30

USD

NEW HOME SALES (MOM)

YOUR MINTVISORY

-2.1%

Call us at +91-731-6642300


DISCLAIMER 27th JANUARY 2014 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.

YOUR MINTVISORY

Call us at +91-731-6642300


Daily commodity report 27 jan 2014 by epic research