This document provides a daily commodity report from Epic Research India on April 7, 2014. It includes commodity contract prices and changes, warehouse stock levels for various metals, most actively traded commodity contracts, commodity news headlines, analyst commentary on gold, silver, and other commodities, and a calendar of upcoming economic events. It also lists Epic Research's contact information and locations.

1. YOUR MINTVISORY Call us at +91-731-6642300
07th APRIL 2014
DAILY COMMODITY REPORT
Our Presence
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2. YOUR MINTVISORY Call us at +91-731-6642300
07th APRIL 2014
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)
GOLD 05-APR-14 28435.00 28623.00 28361.00 28435.00 0.40 53
SILVER 05-MAY-14 43108.00 43440.00 42925.00 43021.00 -0.12 14523.00
CRUDEOIL 21-APR-14 6069.00 6114.00 6055.00 6058.00 0.33 8017.00
NATURALGAS 25-APR-14 270.20 270.20 265.50 270.10 -1.11 7937
COPPER 30-APR-14 406.95 408.85 400.80 405.90 -1.18 24049
LEAD 30-APR-14 124.30 124.75 123.00 124.20 -0.68 2912
NICKEL 30-APR-14 987.90 1001.70 979.20 986.10 -0.22 743
ZINC 30-APR-14 120.00 121.35 120.00 120.30 0.25 1660
ALUMINIUM 30-APR-14 109.60 110.35 108.00 109.60 -1.46 3248
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -4350
COPPER -2325
LEAD 375
NICKEL -990
TIN UNCH
ZINC -3000
LME WAREHOUSE STOCKS (03-APRIL- 2014)

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07th APRIL 2014
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 100.86 -0.28 -0.28% MAY 14
CRUDE OIL (BRENT) USD/BBL. 105.91 -0.81 -0.76% MAY 14
RBOB GASOLINE USD/GAL. 291.40 -1.73 -0.59% MAY 14
NYMEX NATURAL GAS USD/MMBTU 4.45 +0.02 +0.34% MAY 14
NYMEX HEATING OIL USD/GAL. 289.33 -1.46 -0.50% MAY 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,304.20 +0.70 +0.05% JUN 14
GOLD SPOT USD/T OZ. 1,303.32 -0.18 -0.01% N/A
COMEX SILVER USD/T OZ. 19.94 -0.01 -0.03% MAY 14
COMEX COPPER USD/LB. 300.20 -2.05 -0.68% MAY 14
PLATINUM SPOT USD/T OZ. 1,447.13 -3.12 -0.22% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS

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07th APRIL 2014
COMMODITY EXPIRY SUP.2 SUP.1 PIVOT RES.1 RES.2
ALUMINIUM 30-APR 106.23 107.12 108.73 109.62 111.23
COPPER 30-APR 395.33 398.22 403.53 406.42 411.73
CRUDEOIL 21-APR 6024 6052 6083 6111 6142
GOLD 5-JUN 27965 28113 28227 28375 28489
LEAD 30-APR 121.95 122.65 123.70 124.40 125.45
NATURALGAS 25-APR 262.90 265.00 267.60 269.70 272.30
NICKEL 30-APR 965.8 974.9 988.3 997.4 1010.8
SILVER 5-MAY 42596 42783 43111 43298 43626
ZINC 30-APR 119.30 119.95 120.65 121.30 122.00
INTRADAY SUPPORT AND RESISTANCE

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07th APRIL 2014
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
SILVERMICRO 30-04-2014 43017.00 3,54,85,15,347.00 82,491
CRUDE OIL 21-04-2014 6078.00 29,25,88,842.00 48,139
SILVER M 30-04-2014 43010.00 1,73,97,54,500.00 40,450
NATURAL GAS 25-04-2014 267.10 1,06,85,335.50 40,005
COPPER 30-04-2014 401.10 1,40,49,329.70 35,027
COPPERMINI 30-04-2014 401.00 1,11,73,063.00 27,863
NICKEL 30-04-2014 983.90 2,43,93,832.70 24,793
SILVER 05-05-2014 42968.00 99,09,28,016.00 23,062
NICKELMINI 30-04-2014 983.80 1,98,31,440.40 20,158
LEADMINI 30-04-2014 123.40 17,79,798.20 14,423

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07th APRIL 2014
TODAY,S COMMODITY NEWS
COMMODITY HEADLINES
RBI relaxes rough diamond import norms
ACE launches gold hedge contract
Govt reduces tariff value of gold, silver
Nickel up 0.5% on firm demand, global cues
Zinc up 0.1% on spot demand
Iron ore output set to grow 14%
Maize prices decline on lower domestic demand: USGC
Onion prices to rise on crop damage, stock building
Grain stocks at 4-yr low
Crude prices ease in Asia on profit taking
Oil prices mixed in Asia after strong US data
Oil prices up in Asia on US data
Milk prices stable for now
Crude oil up 0.3% on mixed Asian trend
Mentha oil up 0.4% on strong demand

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07th APRIL 2014
SPECIAL NEWS
The market of pepper continued to be firm. Domestic
price increased up to 4% due to tight supply in most pro-
ducing countries. Although new materials are available
in Vietnam, producers are not keen to release their pep-
per at lower prices. In India, pepper prices have surged
on tight supplies amidst robust domestic and export de-
mand. The Kochi MG-1 pepper surged to Rs 57000 per
quintal from Rs 53600 per quintal last Friday.
The United States added 192,000 jobs in March, re-
cording a strong performance by the key non-farm pay-
rolls data. Every industry except manufacturing added to
payrolls, the Labor Department reported Friday. Hiring
in January and February was also t stronger than origi-
nally reported. The number of new jobs created in Feb-
ruary was raised to 197,000 from 175,000, while Janu-
ary's figure was increased to 144,000 from 129,000. The
upswing in hiring over the past two months drew more
people back into the labor force,
COMMODITY BUZZ
Gold futures jumped ahead of the US non-farm payrolls data
today, which if weak could boost gold's appeal as a safe-
haven and if strong could prompt speculation that the Fed
could lift rates earlier than previously expected. Gold for
June delivery is trading up $9 at $1294 an ounce on the
Comex division of the New York Mercantile Exchange. Yes-
terday, the metal dropped $6.20 per ounce, failing to hold on
to highs near $1300 mark German manufacturing orders
grew more than expected in February on the back of strong
domestic orders, data from the country's statistics office
showed Friday,
International Lead and Zinc study group data showed that
the Zinc markets were in deficit of 60000 tonnes in the year
2013. The data has been in deficit after six consecutive years
of surplus in the metal. This is expected to assist Zinc in the
coming days. The ILZSG has estimated that the total mine
production of Zinc in the world was 13.28 million tonnes in
January-December 2013, up from 13.15 million tonnes from
COMMODITY BUZZ AND ECONOMIC EVENTS

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07th APRIL 2014
EPIC RESEARCH– ANALYST SPEAKS
SILVER
MCX Silver MAY closed at 42969, -52 pts down on Friday. Silver seems in pressure and still in bearish zone. We expect
price can correct up to 43500 level, before going down.
BUY SILVER(MAY) ABOVE 43500 TGTS 43750/44100 SL 43200
SELL SILVER(MAY) BELOW 42700 TGTS 42500/42200 SL 43000

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07th APRIL 2014
EPIC RESEARCH– ANALYST SPEAKS
GOLD
MCX Gold JUN closed at 28260, +128 pts up on Friday. Gold seems volatile due to US data although no major impact
seen after data arrive positive for bullion. Price have taken support and now it can go up to 28450 level. On the other
hand, below 28080 will take price to 27950 level.
BUY GOLD(APR) ABOVE 28350 TGTS 28430/28530 SL 28250
SELL GOLD(APR) BELOW 28080 TGTS 28000/27900 SL 28180

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07th APRIL 2014
EPIC RESEARCH– ANALYST SPEAKS
GUARSEED
Guarseed April short term trend looking sideways to bearish in daily chart. Momentum indicators RSI is in mid
range. In intraday basis immediate support @ 4710 & immediate resistance @ 4775.
BUY GUARSEED APR ABOVE 4775 TGTS 4805,4855 SL 4725
SELL GUARSEED APR BELOW 4710 TGTS 4680,4630 SL 4760
RESISTANCE 2 4765.00
RESISTANCE 1 4800.00
PIVOT 4722.00
SUPPORT 1 4705.00
SUPPORT 2 4680.00

11. YOUR MINTVISORY Call us at +91-731-6642300
07th APRIL 2014
EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
Dhaniya daily chart shows bullish trend, but it has not given closing above its resistance 9730 in daily chart, expect-
ing profit booking will continue in upcoming trading session.RSI is in mid range. Immediate support @ 9230 & Im-
mediate resistance @9350.
BUY DHANIYA APR ABOVE 9350 TGTS 9380,9430 SL 9300
SELL DHANIYA APR BELOW 9230 TGTS 9200,9150 SL 9280
RESISTANCE 2 9454.00
RESISTANCE 1 9597.00
PIVOT 9245.00
SUPPORT 1 9174.00
SUPPORT 2 9037.00

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07th APRIL 2014
MONDAY, APRIL 7
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
ALL DAY HOLIDAY CHINA - TOMB SWEEPING DAY
02:00 EUR GERMAN INDUSTRIAL PRODUCTION (MOM) 0.3% 0.8%
03:15 CHF SWISS CPI (MOM) 0.2% 0.1%
10:30 CAD BOC BUSINESS OUTLOOK SURVEY
11:45 USD FOMC MEMBER BULLARD SPEAKS
18:00 NZD NZIER BUSINESS CONFIDENCE 52
19:50 JPY ADJUSTED CURRENT ACCOUNT -0.04T -0.59T
19:50 JPY CURRENT ACCOUNT N.S.A. 0.628T -1.589T
21:30 AUD NAB BUSINESS CONFIDENCE 7
TODAY’S ECONOMIC EVENTS

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07th APRIL 2014
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