Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Daily commodity report 23 april - 2014 by epic research
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23rd APRIL 2014
DAILY COMMODITY REPORT
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COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)
GOLD 05-JUN-14 28536 28678 28482 28599 +0.23% 10114
SILVER 05-MAY-14 42002 42470 41943 42236 +0.43% 13462
CRUDEOIL 19-MAY-14 6310 6318 6205 6225 -1.03% 8288
NATURALGAS 25-APR-14 285.9 288.8 284.1 288.1 +0.84% 7574
COPPER 30-APR-14 407 411.3 405.9 411 +0.66% 16290
LEAD 30-APR-14 129.15 131.1 129.15 131 +1.12% 2696
NICKEL 30-APR-14 1092 1116.1 1092 1115.1 +2.48% 8850
ZINC 30-APR-14 124.6 126.7 124.6 126.55 +1.53% 1953
ALUMINIUM 30-APR-14 111.3 113.45 111.3 113.3 +1.89% 2932
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM 4475
COPPER -375
LEAD -1675
NICKEL 282
TIN UNCH
ZINC -3100
LME WAREHOUSE STOCKS (22-APRIL- 2014)
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COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 101.58 -0.17 -0.17% JUN 14
CRUDE OIL (BRENT) USD/BBL. 109.27 0.00 0.00% JUN 14
RBOB GASOLINE USD/GAL. 309.43 -0.09 -0.03% MAY 14
NYMEX NATURAL GAS USD/MMBTU 4.74 0.00 +0.06% MAY 14
NYMEX HEATING OIL USD/GAL. 300.54 -0.63 -0.21% MAY 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,285.10 -3.40 -0.26% JUN 14
GOLD SPOT USD/T OZ. 1,284.83 +1.02 +0.08% N/A
COMEX SILVER USD/T OZ. 19.45 +0.09 +0.49% JUL 14
COMEX COPPER USD/LB. 303.05 +0.20 +0.07% JUL 14
PLATINUM SPOT USD/T OZ. 1,404.94 +3.94 +0.28% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
SILVERMICRO 30-04-2014 42242.00 2,40,53,86,206.00 56,943
CRUDE OIL 19-05-2014 6222.00 34,85,25,330.00 56,015
NATURAL GAS 25-04-2014 288.00 1,01,18,880.00 35,135
SILVER M 30-04-2014 42238.00 1,30,78,57,432.00 30,964
COPPER 30-04-2014 410.80 1,14,09,559.20 27,774
NICKEL 30-04-2014 1114.60 2,75,27,276.20 24,697
COPPERMINI 30-04-2014 410.90 90,91,573.40 22,126
SILVER 05-05-2014 42206.00 74,64,97,522.00 17,687
NICKELMINI 30-04-2014 1114.80 1,88,44,579.20 16,904
LEADMINI 30-04-2014 130.95 19,79,440.20 15,116
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23rd APRIL 2014
TODAY,S COMMODITY NEWS
COMMODITY HEADLINES
219 kg of gold seized from Kerala airports in one year
Silver down 0.1% in futures trade, tracking global cues
Silver down 1.2% on lower global trend
Surat diamantaires' co-operative dream lies shattered
End of the Goa mining ban: For miners, a long road to recovery
Goa likely to extract about 6-mt iron ore in FY15
Copper down 0.4% on weak global cues
Nickel up 1.2% on global cues.
Wheat procurement in 2014-15 may slip, says food secretary
Groundnut shelling units get relief on export front
Potato down 1.3% on weak demand, high supply
'Wheat procurement may slip below last year's 25 million ton level'
Oil prices down in quiet Asian trade
Oil prices rise in Asian trade
Pepper prices flare as output douses 40%
El Nino seen starting as early as July as Pacific warms up
Mentha oil down 0.4% on weak demand
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SPECIAL NEWS
According to a report released by Germany-based service cen-
ter Damstahl, Europe's stainless crude steel production totaled
670000 tons in January, decreasing by 3% year on year.In the
given period of time, the stainless steel production in Germany
decreased by 19%; that in Sweden fell by 4% and that in Slove-
nia rose by 24%, all compared to the figures in the same period
of a year ago. Finland stainless steel maker Outokumpu an-
nounced to close in Germany Krefeld smelters plant in Decem-
ber 2013, which is one of reasons for production decline.
The German economy is set to register a strong growth in the
first quarter on positive developments in industrial and con-
struction activities, the finance ministry said in a report on
Tuesday. The ministry cited unusually mild weather during the
winter season and robust domestic demand as major factors
that added positive impetus to industrial and construction sec-
tors. The first quarter GDP data is due on May 15. However,
economic growth will be weaker in the second quarter after
gaining strength from mild weather in the first quarter, the
ministry said. But this technical effect should not be inter-
preted as a sign the economic pace slowing, the ministry
added. The indicators signal an upward economic trend.
COMMODITY BUZZ
Stainless crude steel production totaled 670000 tons in January,
decreasing by 3% year on year. In the given period of time, the
stainless steel production in Germany decreased by 19%; that in
Sweden fell by 4% and that in Slovenia rose by 24%, all compared
to the figures in the same period of a year ago. Finland stainless
steel maker Outokumpu announced to close in Germany Krefeld
smelters plant in December 2013, which is one of reasons for pro-
duction decline.
Copper remained trading in a dull and lethargic zone in the trades
on Tuesday. The prices have been in a non volatile movement
since last 10 days. Tuesday was no better as MCX prices remained
trading in dull trend. The domestic prices were last seen at Rs
407.65 per kg, down 0.12%. The prices tested a high of Rs 407.85
per kg and a low of Rs 405.9 per kg. This is even after the news of
sharp jump in the refined Copper imports of China.
Gold extended losses for a fourth straight day on Tuesday as out-
flows from physical gold funds pointed to weak investment appe-
tite, though a retreat in the dollar took some pressure off prices.
The metal hit its lowest since early April at $1,281.40 an ounce on
Monday, after peaking above $1,330 a week before on concerns
over Ukraine.
COMMODITY BUZZ AND ECONOMIC EVENTS
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EPIC RESEARCH– ANALYST SPEAKS
SILVER
SILVER MCX Short term trend is DOWN. Immediate support @ 41700. Immediate Resistance @ 42700. Yesterday SILVER MCX
Closed @ 4. Yesterday Intraday Range of SILVER MCX was 527 .Open Interest was DOWN 2.55 %, Volumes were 17035 lots.
For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER(MAY) ABOVE 42630 TGTS 42830/43130 SL 42300
SELL SILVER(MAY) BELOW 41900 TGTS 41700/41400 SL 42320
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EPIC RESEARCH– ANALYST SPEAKS
GOLD
GOLD MCX Short term trend is DOWN. Immediate support @ 28200. Immediate Resistance @ 28700. Yesterday GOLD MCX
Closed @ 2. Yesterday Intraday Range of GOLD MCX was 196. Open Interest was UP+ 4.80%, Volumes were 14250 lots. For to-
day Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD(JUN) ABOVE 28700 TGTS 28780/28880 SL 28580
SELL GOLD(JUN) BELOW 28450 TGTS 28370/28270 SL 28570
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EPIC RESEARCH– ANALYST SPEAKS
GUARSEED
Guarseed May daily chart breaks consolidation in upper side. expecting from here onwards guarseed price may go up
Momentum indicators RSI is above mid range signs bullishness. In intraday basis immediate support @ 4950 & immediate re-
sistance @ 5020.
BUY GUARSEED ABOVE 5020 TGTS 5050,5100 SL 4970
SELL GUARSEED BELOW 4950 TGTS 4920,4870 SL 5000
RESISTANCE 2 5138
RESISTANCE 1 5077
PIVOT 5035
SUPPORT 1 4892
SUPPORT 2 4768
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EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level and consolidating in range
RSI is above range. We are waiting for the closing of next trading session, trend is bullish. Immediate support @ 9670 & Im-
mediate resistance @ 9760.
BUY DHANIYA ABOVE 9760 TGTS 9790,9840 SL 9710
SELL DHANIYA BELOW 9670 TGTS 9640,9590 SL 9710
RESISTANCE 2 9817
RESISTANCE 1 9765
PIVOT 9700
SUPPORT 1 9624
SUPPORT 2 9535
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WEDNESDAY, APRIL 23
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
07:00 AUD CPI (QOQ) 0.6% 0.8% 0.8%
07:00 AUD CPI (YOY) 2.9% 3.2% 2.7%
07:00 AUD TRIMMED MEAN CPI (QOQ) 0.5% 0.7% 0.9%
07:15 CNY CHINESE HSBC MANUFACTURING PMI 48.3 48.4 48.0
10:30 SGD SINGAPOREAN CPI (YOY) 1.1% 0.4%
12:30 EUR FRENCH MANUFACTURING PMI 51.9 52.1
12:30 EUR FRENCH SERVICES PMI 51.4 51.5
13:00 EUR GERMAN MANUFACTURING PMI 54.0 53.7
13:00 EUR GERMAN SERVICES PMI 53.4 53.0
13:30 EUR MANUFACTURING PMI 53.0 53.0
13:30 EUR SERVICES PMI 52.4 52.2
14:00 GBP MPC MEETING MINUTES
15:30 GBP CBI INDUSTRIAL TRENDS ORDERS 7 6
18:00 CAD CORE RETAIL SALES (MOM) 0.6% 1.0%
18:00 CAD RETAIL SALES (MOM) 0.5% 1.3%
19:30 USD NEW HOME SALES (MOM) -3.3%
19:30 USD NEW HOME SALES 450K 440K
TODAY’S ECONOMIC EVENTS
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23rd APRIL 2014
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