Daily commodity market  report 16 april-2014 by epic research
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Daily commodity market report 16 april-2014 by epic research Presentation Transcript

  • 1. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 DAILY COMMODITY REPORT Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Or give us a missed call at 026 5309 0639 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to Info@epicresearch.co
  • 2. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots) GOLD 05-Jun-14 28850 28850 28200 28573 -1.43 9103 SILVER 05-May-14 43050 43060 41526 42289 -2.26 15507 CRUDEOIL 21-Apr-14 6270 6291 6213 6277 -0.06 9358 NATURALGAS 25-Apr-14 275.2 280 272.6 276.3 +0.36 6294 COPPER 30-Apr-14 406.2 406.2 396.2 399.95 -1.71 23463 LEAD 30-Apr-14 127.15 127.3 125.4 126.7 -0.59 2799 NICKEL 30-Apr-14 1070.3 1074.5 1033.7 1072.7 -0.23 8294 ZINC 30-Apr-14 123.5 124 122.3 123.45 -0.32 1707 ALUMINIUM 30-Apr-14 111.8 111.8 109.5 110.2 -1.61 2856 DAILY MARKET WRAPUP METAL TONNES IN STORAGE ALUMINIUM -10100 COPPER -2175 LEAD -100 NICKEL -1452 TIN 15 ZINC -3250 LME WAREHOUSE STOCKS (15-APRIL-2014)
  • 3. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL (WTI) USD/BBL. 103.81 +0.06 +0.06% MAY 14 CRUDE OIL (BRENT) USD/BBL. 109.19 -0.17 -0.16% JUN 14 RBOB GASOLINE USD/GAL. 302.75 -1.09 -0.36% MAY 14 NYMEX NATURAL GAS USD/MMBTU 4.55 -0.01 -0.28% MAY 14 NYMEX HEATING OIL USD/GAL. 298.40 +0.49 +0.16% MAY 14 COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1,298.60 -28.90 -2.18% JUN 14 GOLD SPOT USD/T OZ. 1,299.57 -3.07 -0.24% N/A COMEX SILVER USD/T OZ. 19.49 -0.52 -2.60% MAY 14 COMEX COPPER USD/LB. 299.15 -5.60 -1.84% JUL 14 PLATINUM SPOT USD/T OZ. 1,438.56 -1.82 -0.13% N/A INTERNATIONAL MARKETS ENERGY COMMODITY FUTURES PRECIOUS AND INDUSTRY METALS
  • 4. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 COMMODITY EXPIRY SUP.2 SUP.1 PIVOT RES.1 RES.2 ALUMINIUM 30-APR 108.20 109.20 110.50 111.50 112.80 COPPER 30-APR 390.78 395.37 400.78 405.37 410.78 CRUDEOIL 21-APR 6182 6230 6260 6308 6338 GOLD 5-JUN 27891 28232 28541 28882 29191 LEAD 30-APR 124.57 125.63 126.47 127.53 128.37 NATURALGAS 25-APR 268.90 272.60 276.30 280.00 283.70 NICKEL 30-APR 1019.5 1046.1 1060.3 1086.9 1101.1 SILVER 5-MAY 40758 41523 42292 43057 43826 ZINC 30-APR 121.55 122.50 123.25 124.20 124.95 INTRADAY SUPPORT AND RESISTANCE
  • 5. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 MOST ACTIVE CONTRACTS Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots) SILVERMICRO 30-04-2014 42289.00 4,78,37,73,969.00 1,13,121 SILVER M 30-04-2014 42285.00 2,33,21,44,605.00 55,153 NICKEL 30-04-2014 1073.40 5,88,47,008.20 54,823 CRUDE OIL 21-04-2014 6278.00 29,77,78,096.00 47,432 NATURAL GAS 25-04-2014 276.30 1,20,45,851.10 43,597 COPPER 30-04-2014 399.85 1,62,38,708.20 40,612 SILVER 05-05-2014 42252.00 1,41,78,50,364.00 33,557 NICKELMINI 30-04-2014 1073.30 3,58,90,078.70 33,439 COPPERMINI 30-04-2014 399.80 1,13,83,105.60 28,472 GOLD M 05-05-2014 29329.00 61,52,93,091.00 20,979
  • 6. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 TODAY,S COMMODITY NEWS COMMODITY HEADLINES Gold drops on Goldman Sach's bearish outlook. China shadow on India's jewellery manufacturing. Silver down 0.5% on lower global trend. Gold extends gains on stockists buying. Zinc down 0.6% on overseas trend. Nickel down 3% on profit-booking, global cues. Lead down 0.2% on subdued spot demand, global cues. Copper down 0.5% on global cues, subdued demand. Rabi arrivals, elections cast shadow on agri commodities. Vegetable oil import down 6% in Nov-Mar. MP farmers hold on to chana anticipating better price. India's vegetable oil imports decline 6% in March. Oil prices up as Russia-Ukraine tensions escalate. Crude oil prices fall further in Asia. Mentha oil up 0.6% on spot demand. Agriculture and livestock emissions up 14%: FAO. Rubber imports surged last fiscal.
  • 7. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 SPECIAL NEWS Eurozone unadjusted trade surplus rose to EUR 13.6 billion from EUR 9.8 billion in the same month last year. Foreign trade surplus in February increased from a year ago, figures from Eurostat showed Tuesday. In January, the surplus was EUR 0.8 billion versus a deficit of EUR 4.8 billion a year ago. The seasonally adjusted trade surplus for February grew to EUR 4.4 billion from EUR 1.2 billion a year ago. Exports rose a seasonally adjusted 1.2 percent monthly and imports grew 0.6 percent. UK CPI inflation slipped for a sixth consecutive month in March to hit a fresh four-year low, according to latest figures from the Office for National Statistics (ONS). CPI inflation eased from 1.7% in February to 1.6% this month, the ONS said, in line with economists' expectations and continuing the trend seen in recent months. The figure is the lowest level seen since October 2009. The largest contribution to this month's fall came from transport. CPI inflation has now fallen every month since September 2013, when the rate stood at 2.7%. Sales at U.S. retailers went up by 1.1% in March to a season- ally adjusted $433.9 billion, the Commerce Department esti- mated Monday. This is the largest gain since September 2012. COMMODITY BUZZ On April 15 last year, gold prices had corrected sharply, following investment bank Goldman Sachs saying it had a bearish outlook on the commodity. At that time, prices had fallen from $1,600/oz to $1,300/oz in only a few days. On Tuesday, exactly a year later, gold prices again fell sharply in the foreign market—from $1,330/ oz to $1,290/oz—in just a few hours. Again, it was Goldman Sachs that came up with a bearish outlook—it said the metal would hit $1,050/oz by the year-end. MCX Gold futures eased after recent gains yesterday. The global futures slipped from a three-week high as traders booked heavy profits after recent gains. A minor sell off in Asian equities on Chi- nese overheating worries also hurt the metal. Gold had rallied last night amid renewed tensions between Ukraine and Russia. How- ever, the metal is off these highs today, easing after breaking be- low $1330 per ounce mark. The counter quotes at $1312 per ounce, down $16 per ounce on the day. MCX Gold futures also followed the trend and currently trade at Rs 28674, down Rs 285 per 10 grams or 1% on the day. The NCDEX May Castor oil prices declined 0.65% in the last trad- ing to close at Rs 3984 per quintal. The NCDEX futures pared 0.45% in open interest indicating selling by traders COMMODITY BUZZ AND ECONOMIC EVENTS
  • 8. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 EPIC RESEARCH– ANALYST SPEAKS SILVER SILVER MCX Short term trend is DOWN. Immediate support @ 42200. Immediate Resistance @ 43200. Yesterday SILVER MCX Closed @ 42289. Yesterday Intraday Range of SILVER MCX was 1534 .Open Interest was UP +17.50 %, Volumes were 32920 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 42440 TGTS 42640/42940 SL 42140 SELL SILVER(MAY) BELOW 42000 TGTS 41800/41500 SL 42350
  • 9. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 EPIC RESEARCH– ANALYST SPEAKS GOLD GOLD MCX Short term trend is DOWN. Immediate support @ 28200. Immediate Resistance @ 28650. Yesterday GOLD MCX Closed @ 28573. Yesterday Intraday Range of GOLD MCX was 650. Open Interest was UP+ 0.65 %, Volumes were 17550 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(JUN) ABOVE 28650 TGTS 28730/28830 SL 28540 SELL GOLD(JUN) BELOW 28440 TGTS 28360/28260 SL 28560
  • 10. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 EPIC RESEARCH– ANALYST SPEAKS DHANIYA Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level. RSI is in mid range. expecting from here onwards profit booking will continue in upcoming trading session. Immediate support @ 9520 & Immediate resistance @ 9630. BUY DHANIYA MAY ABOVE 9630 TGTS 9660,9710 SL 9580 SELL DHANIYA MAY BELOW 9520 TGTS 9490,9440 SL 9570 RESISTANCE 1 9809 RESISTANCE 2 9697 PIVOT 9595 SUPPORT 1 9490 SUPPORT 2 9395
  • 11. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 EPIC RESEARCH– ANALYST SPEAKS GUARSEED Guarseed Apr. short term trend looking sideways to bearish in daily chart. Momentum indicators RSI is above mid range, expect- ing may go up. In intraday basis immediate support @ 4840 & immediate resistance @ 4980. BUY GUARSEED MAY ABOVE 4980 TGTS 5010,5060 SL 4930 SELL GUARSEED MAY BELOW 4840 TGTS 4810,4760 SL 4890 RESISTANCE 1 5050 RESISTANCE 2 4995 PIVOT 4915 SUPPORT 1 4830 SUPPORT 2 4720
  • 12. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 TUESDAY, APRIL 16 TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS ALL DAY HOLIDAY NORWAY - WENSDAY BEFORE EASTER - EARLY CLOSE AT 13:30 00:30 USD FOMC MEMBER PLOSSER SPEAKS 04:15 NZD CPI (QOQ) 0.3% 0.5% 0.1% 04:15 NZD CPI (YOY) 1.5% 1.7% 1.6% 05:30 USD FOMC MEMBER KOCHERLAKOTA SPEAKS 07:30 CNY CHINESE FIXED ASSET INVESTMENT (YOY) 17.6% 18.1% 17.9% 07:30 CNY CHINESE GDP (YOY) 7.4% 7.3% 7.7% 07:30 CNY CHINESE GDP (QOQ) 1.4% 1.4% 1.8% 07:30 CNY CHINESE INDUSTRIAL PRODUCTION (YOY) 8.8% 9.0% 8.6% 10:00 JPY INDUSTRIAL PRODUCTION (MOM) -2.3% -2.3% 11:45 JPY BOJ GOVERNOR KURODA SPEAKS 14:00 GBP CLAIMANT COUNT CHANGE -30.0K -34.6K 14:00 GBP UNEMPLOYMENT RATE 7.1% 7.2% 14:30 EUR CORE CPI (YOY) 0.8% 1.0% TODAY’S ECONOMIC EVENTS
  • 13. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 2014 TUESDAY, APRIL 16 TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS 14:30 EUR CPI (YOY) 0.5% 0.5% 14:30 EUR CPI (MOM) 1.0% 0.3% 17:30 USD FOMC MEMBER STEIN SPEAKS 18:00 CAD FOREIGN SECURITIES PURCHASES 1.09B 18:00 USD BUILDING PERMITS 1.008M 1.014M 18:00 USD BUILDING PERMITS (MOM) 0.6% 7.3% 18:00 USD HOUSING STARTS (MOM) 6.4% -0.2% 18:00 USD HOUSING STARTS 0.973M 0.907M 18:45 USD INDUSTRIAL PRODUCTION (MOM) 0.5% 0.6% 19:30 CAD BOC GOV POLOZ SPEAKS 19:30 CAD BOC MONETARY POLICY REPORT 19:30 CAD INTEREST RATE DECISION 1.00% 1.00% 21:45 USD FED CHAIR YELLEN SPEAKS 22:55 USD FOMC MEMBER FISHER SPEAKS 23:30 USD BEIGE BOOK TODAY’S ECONOMIC EVENTS
  • 14. YOUR MINTVISORY Call us at +91-731-6642300 16th APRIL 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 re- sponsibility (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 es- timates 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 ex- pressed 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. DISCLAIMER