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Daily commodity report_03_feb_2014 by epic research
1. DAILY COMMODITY REPORT
3rd FEBRUARY 2014
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2. DAILY MARKET WRAPUP
3rd FEBRUARY 2014
COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29363.00
29584.00
29255.00
29378.00
0.29
1165
SILVER
05 MAR 2014
43269.00
44033.00
43185.00
43220.00
0.45
14131
CRUDE
19 FEB 2014
6141.00
6187.00
6106.00
6156.00
0.16
12286
NATURAL GAS
25 FEB 2014
316.10
316.10
294.40
320.30
-5.37
12250
COPPER
28 FEB 2014
446.15
448.50
445.15
447.05
-0.26
10886
NICKEL
31 JAN 2014
867.40
882.80
862.00
866.80
1.47
4293
LEAD
28– FEB 2014
132.65
134.35
132.20
132.70
0.26
2976
ZINC
28– FEB 2014
123.95
124.75
123.10
124.25
-0.44
2084
ALUMINIUM
31 JAN 2014
106.75
106.95
105.60
107.10
-1.12
3504
LME WAREHOUSE STOCKS (31 JAN- 2014)
METAL
ALUMINIUM
-8575
COPPER
-1675
LEAD
-500
NICKEL
-180
ZINC
YOUR MINTVISORY
TONNES IN STORAGE
-2000
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3. INTERNATIONAL MARKETS
3rd FEBRUARY 2014
PRECIOUS AND INDUSTRY METALS
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,244.70
+4.90
+0.40%
APR 14
GOLD SPOT
USD/T OZ.
1,245.06
+0.51
+0.04%
N/A
COMEX SILVER
USD/T OZ.
19.12
-0.01
-0.03%
MAR 14
COMEX COPPER
USD/LB.
319.50
-0.20
-0.06%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,381.81
+4.50
+0.33%
N/A
ENERGY COMMODITY FUTURES
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
97.15
-0.34
-0.35%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
106.30
-0.10
-0.09%
MAR 14
RBOB GASOLINE
USD/GAL.
263.28
+0.14
+0.05%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
4.84
-0.10
-2.04%
MAR 14
NYMEX HEATING OIL
USD/GAL.
299.75
+0.04
+0.01%
MAR 14
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5. MOST ACTIVE CONTRACTS
3rd FEBRUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
25-02-2014
303.10
3,66,58,126.40
1,20,944
SILVERMICRO
28-02-2014
43470.00
4,37,56,90,200.00
1,00,660
CRUDE OIL
19-02-2014
6166.00
37,78,21,650.00
61,275
SILVER M
28-02-2014
43455.00
2,16,20,16,615.00
49,753
SILVER
05-03-2014
43415.00
1,17,66,33,330.00
27,102
COPPER
28-02-2014
445.90
91,77,513.80
20,582
GOLD PETAL
27-02-2014
2970.00
5,04,24,660.00
16,978
LEADMINI
28-02-2014
133.05
21,64,457.40
16,268
COPPERMINI
28-02-2014
445.95
71,26,726.95
15,981
NICKEL
28-02-2014
879.50
1,22,15,375.50
13,889
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6. TODAY,S COMMODITY NEWS
3rd FEBRUARY 2014
COMMODITY HEADLINES
Hedging by gold miners at decade low in Sept quarter
Gold falls 1% as Fed taper weighs, China demand fades
Gold, silver tumble on stockists' selling
Aluminium down 0.3% on global cues
Lead down 0.1% on global cues, subdued demand
Nickel down 0.1% on overseas trend, subdued demand
Supply-demand gap in pulses may not narrow in coming years
Mpeda to expand farming of new variety Tilapia fish
Potato down 1.3% on weak demand, adequate stocks
Crude oil down 0.3% on weak Asian cues
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7. COMMODITY BUZZ AND ECONOMIC EVENTS
3rd FEBRUARY 2014
COMMODITY BUZZ
SPECIAL NEWS
The prices of COMEX Gold declined by $ 1240.1
per troy ounce, up 1.84%. The correction in metal
was on account of rise of US Dollar after the news
of Federal stimulus cuts. U.S. Federal Reserve decided to slash its monthly bond-buying program
by a further $10 billion, as widely anticipated by
economists. The euro ended lower against the dollar at $1.348 on Friday. initial jobless claims
climbed to 348000, an increase of 19000 from the
previous week's revised figure of 329000.
The U.S. Commerce Department said gross domestic product increased by 3.2% in the fourth quarter
compared to the 4.1% growth seen in the third
quarter. Manufacturing activity in China contracted in January with a seasonally adjusted score
of 49.5, the latest PMI from HSBC and Markit
Economics revealed Thursday. This is worse than
the flash estimate from earlier this month that indicated a score of 49.6.
YOUR MINTVISORY
China official nonmanufacturing Purchasing Managers' Index fell to 53.4 in January from 54.6 in December, the China Federation of Logistics and Purchasing
said on Monday. The services subindex declined to
51.5 in January from 52.5 in December and construction fell to 61.0 from 62.6, New orders for the entire
nonmanufacturing sector dropped to 50.9 from 51.0.
A reading above 50 indicates expansion from the previous month and below indicates contraction. Nonmanufacturing covers services, including retail, aviation and software as well as real estate and construction.
The number of Australian home building permits fell
for the third straight month in December, in a sign
the boost to activity from low interest rates may be
losing some steam. Approvals to build or renovate
houses and apartments declined 2.9% from November. In November approvals fell 0.3%
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8. EPIC RESEARCH– ANALYST SPEAKS
3rd FEBRUARY 2014
SILVER
After long time silver has broken its strong support of 43550 level, and closed at 43309 on Friday. For the day we expect
price can take support at 42800 level while 43900 will be resistance level. Braking 42800 level with volume can take price to
more downwards at 42500-42450.
BUY SILVER ABOVE 43800 TGTS 44050/44400 SL 43500
SELL SILVER BELOW 43050 TGTS 42800/42500 SL 43400
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9. EPIC RESEARCH– ANALYST SPEAKS
3rd FEBRUARY 2014
GOLD
Gold fell on Friday, notching its first weekly drop in six due to strong US economic growth, concerns over the US
Federal Reserve's withdrawal of monetary stimulus and a slump in Chinese demand. MCX Gold April contract trading 800 pts discounted over current contract. For the day price can find support at 28500 level.
BUY GOLD(FEB) ABOVE 29680 TGTS 29750/29850 SL 29570
SELL GOLD(FEB) BELOW 29250 TGTS 29170/29070 SL 29360
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10. EPIC RESEARCH– ANALYST SPEAKS
3rd FEBRUARY 2014
CASTORSEED
RESISTANCE 1
4144.7
RESISTANCE 2
4184.3
PIVOT
4072.7
SUPPORT 1
4040.3
SUPPORT 2
4000.7
Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness. Profit
booking is continue in downside, but expecting price will go down. In intraday basis immediate support @ 4080 &
immediate resistance @ 4135.
BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085
SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130
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11. EPIC RESEARCH– ANALYST SPEAKS
3rd FEBRUARY 2014
DHANIYA
RESISTANCE 1
8215.3
RESISTANCE 2
8372.7
PIVOT
8122.7
SUPPORT 1
7965.3
SUPPORT 2
7872.3
In Dhaniya profit booking will continue in higher levels, expecting rally will continue in up upside. Fundamentally
also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI and MACD are above from
mid range have plus point of bullishness. Immediate support @ 8010 and immediate resistance @ 8150.
BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100
SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060
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12. TODAY’S ECONOMIC EVENTS
3rd FEBRUARY 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
MONDAY FEBRUARY 03
ALL DAY
HONG KONG - LUNAR NEW YEAR
ALL DAY
CHINA - LUNAR NEW YEAR
ALL DAY
SINGAPORE - CHINESE NEW YEAR
03:15
NZD
TRADE BALANCE (YOY)
-180M
-250M
03:15
NZD
TRADE BALANCE (MOM)
550M
183M
05:00
JPY
HOUSEHOLD SPENDING (YOY)
1.2%
0.2%
05:00
JPY
TOKYO CORE CPI (YOY)
0.7%
0.7%
05:00
JPY
TOKYO CPI (YOY)
05:20
JPY
INDUSTRIAL PRODUCTION (MOM)
1.2%
-0.1%
06:00
AUD
PPI (QOQ)
0.9%
1.3%
06:00
AUD
PRIVATE SECTOR CREDIT (MOM)
0.4%
0.3%
12:30
EUR
GERMAN RETAIL SALES (MOM)
0.2%
1.5%
13:15
EUR
FRENCH CONSUMER SPENDING (MOM)
-0.4%
1.4%
15:30
EUR
CORE CPI (YOY)
0.8%
0.7%
15:30
EUR
CPI (YOY)
0.9%
0.8%
15:30
EUR
UNEMPLOYMENT RATE
12.1%
12.1%
19:00
CAD
GDP (QOQ)
19:00
CAD
GDP (MOM)
19:00
CAD
GDP ANNUALIZED (QOQ)
19:00
USD
CORE PCE PRICE INDEX (MOM)
0.1%
0.1%
19:00
USD
EMPLOYMENT COST INDEX (QOQ)
0.4%
0.4%
19:00
USD
PERSONAL SPENDING (MOM)
0.2%
0.5%
20:15
USD
CHICAGO PMI
59.0
59.1
20:25
USD
MICHIGAN CONSUMER SENTIMENT
81.0
80.4
YOUR MINTVISORY
0.9%
0.7%
0.2%
0.3%
2.7%
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13. DISCLAIMER
3rd FEBRUARY 2014
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