Daily commodity report -10-april- 2014 by epic research
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10th 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 28475 28559 28353 28417 -0.23% 9187
SILVER 05-MAY-14 43201 43281 42301 42675 -1.20% 15664
CRUDEOIL 21-APR-14 6157 6242 6143 6235 +1.17% 9593
NATURALGAS 25-APR-14 274 277.1 271.7 276.5 +1.06% 8369
COPPER 30-APR-14 406.4 406.95 401.3 404.2 -0.70% 21768
LEAD 30-APR-14 124.85 126.25 124.7 125.75 +0.76% 2966
NICKEL 30-APR-14 991.2 1009.3 987.4 1008.4 +1.85% 8347
ZINC 30-APR-14 121.9 122.7 121.65 121.75 -0.25% 1787
ALUMINIUM 30-APR-14 108.7 110.9 108.35 110.8 +2.03% 3537
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -1475
COPPER -1825
LEAD UNCH
NICKEL -1596
TIN UNCH
ZINC -3275
LME WAREHOUSE STOCKS (09-APRIL- 2014)
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COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 103.20 -0.40 -0.39% MAY 14
CRUDE OIL (BRENT) USD/BBL. 107.49 -0.49 -0.45% MAY 14
RBOB GASOLINE USD/GAL. 299.08 +1.07 +0.36% MAY 14
NYMEX NATURAL GAS USD/MMBTU 4.57 -0.02 -0.35% MAY 14
NYMEX HEATING OIL USD/GAL. 294.43 -0.97 -0.33% MAY 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,315.40 +6.30 +0.48% JUN 14
GOLD SPOT USD/T OZ. 1,315.47 +3.67 +0.28% N/A
COMEX SILVER USD/T OZ. 19.99 -0.07 -0.33% MAY 14
COMEX COPPER USD/LB. 303.45 -1.65 -0.54% MAY 14
PLATINUM SPOT USD/T OZ. 1,446.88 +4.13 +0.29% 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 42697.00 3,15,12,94,782.00 73,806
CRUDE OIL 21-04-2014 6234.00 37,39,15,320.00 59,980
NATURAL GAS 25-04-2014 276.50 1,20,27,750.00 43,500
SILVER M 30-04-2014 42700.00 1,56,84,99,100.00 36,733
COPPER 30-04-2014 403.90 1,28,49,674.60 31,814
COPPERMINI 30-04-2014 403.90 1,06,56,497.60 26,384
NICKEL 30-04-2014 1008.60 2,54,85,304.80 25,268
NICKELMINI 30-04-2014 1008.70 2,01,19,530.20 19,946
SILVER 05-05-2014 42680.00 84,62,59,040.00 19,828
LEADMINI 30-04-2014 125.75 18,40,477.00 14,636
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TODAY,S COMMODITY NEWS
COMMODITY HEADLINES
Iron ore exports from Paradip rises threefold in FY14.
Gold imports may hit 10-month high in March.
RBI relaxes rough diamond import norms.
Steel imports dip 31% in FY14.
Aluminium up marginally on firm trend abroad.
Lead up 0.2% on spot demand, global cues.
Nickel up 0.2% on global cues.
Evening trade faces opposition.
Record rise in seafood export, 1-mt mark crossed.
West Bengal's costly shrimp farming boom.
Edible oil processors urge FMC to withdraw time extension in agri commodities.
Oil prices mixed on growing Ukraine fears.
Oil prices ease in Asian trade.
Differences abound over iron ore e-auctions in Karnataka.
Philippines in dialogue with India on rubber.
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SPECIAL NEWS
UK's office for National Statistics reported that UK's deficit of
trade in goods and services for February 2014 was £2.1 bil-
lion, compared with a deficit of £2.2 billion in the previous
month. The deficit on trade in goods was £9.1 billion in Feb-
ruary 2014; the trade position reflects exports minus imports.
Exports of goods decreased by 1.6% between January and
February 2014 to £23.5 billion. Imports for the same period
decreased by 2.2%to £32.6 billion; roughly three-quarters of
this movement is attributed to afall in the import of erratic.
UK's exports of goods continued to drop in Feb to the lowest
level in more than three years. The Office for National Statis-
tics said Wednesday that the value of goods exported to the
rest of the world fell 1.6% in February from the prior month,
to 23.5 billion pounds, the lowest figure since November
2010. A three-month average figure that strips out month-to-
month volatility in exports was also the lowest since January
2011. February's weakness was driven by poorer sales to
other countries in the European Union, the UK's biggest
trade partner.
COMMODITY BUZZ
Copper was showing contrary moves in the evening session trades
on MCX. The prices of most of the other metals are rising sharply
barring Copper that is sulking on account of expected defaults in
China. MCX Copper for April expiry was last checked at Rs 404.9
per kg, down 0.44%, even as the counterparts like Aluminium is
up by 0.2% to Rs 108.8 per kg. Lead was the strongest among all
and was marking gains of close to 1% at Rs 125.75 per kg.
MCX Crude oil futures jumped following the gains in the global
prices yesterday. The local futures topped above Rs 6200 per barrel
in intraday trades amid frenzied buying as global prices extended
their upturn following the escalating Ukraine conflict and bullish
estimates for the WTI Crude oil from the Energy Information Ad-
ministration. The WTI Crude quotes at $102.63, up 0.07 cents af-
ter briefly hitting highs near $103 per barrel.
MCX Gold futures dropped in tune with the global prices as the
traders eyed weakness in the global prices. The commodity has
edged up in the current week following a sharp upturn on Friday.
However, the prices failed to hold on near two-week highs and
eased towards $1300 per ounce yesterday.
COMMODITY BUZZ AND ECONOMIC EVENTS
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EPIC RESEARCH– ANALYST SPEAKS
SILVER
SILVER MCX Short term trend is DOWN. Immediate support @ 42500. Immediate Resistance @ 42850. Yesterday SILVER MCX
Closed @ 42675. Yesterday Intraday Range of SILVER MCX was 980. Open Interest was UP +16.30 %, Volumes were 18801 lots.
For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER(MAY) ABOVE 42850 TGTS 43050/43400 SL 42500
SELL SILVER(MAY) BELOW 42500 TGTS 42300/42000 SL 42830
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EPIC RESEARCH– ANALYST SPEAKS
GOLD
GOLD MCX Short term trend is down. Immediate support @ 28350. Immediate Resistance @ 28600. Today GOLD MCX Closed @
28417. Yesterday Intraday Range of GOLD MCX was 209. Open Interest was UP+ 5.77 %, Volumes were 18787 lots. For today
Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD(JUN) ABOVE 28600 TGTS 28680/28780 SL 28480
SELL GOLD(JUN) BELOW 28350 TGTS 28270/28170 SL 28470
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EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
Dhaniya daily chart shows bullish trend. from the nearest support level expecting bounce back will come & continue its rally
RSI is above mid range signs bullishness. Immediate support @ 9635 & Immediate resistance @ 9710.
BUY DHANIYA APR ABOVE 9710 TGTS 9740,9790 SL 9660
SELL DHANIYA APR BELOW 9635 TGTS 9605,9555 SL 9695
RESISTANCE 1 9787
RESISTANCE 2 9895
PIVOT 9725
SUPPORT 1 9545
SUPPORT 2 9411
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EPIC RESEARCH– ANALYST SPEAKS
GUARSEED
Guarseed April short term trend looking sideways to bearish in daily chart. Expecting from here onwards guarseed may go down
Momentum indicators RSI is below mid range, signs bearishness. In intraday basis immediate support @ 4480 & immediate resis-
tance @ 4630.
BUY GUARSEED APR ABOVE 4630 TGTS 4660,4710 SL 4580
SELL GUARSEED APR BELOW 4480 TGTS 4450,4400 SL 4530
RESISTANCE 1 4580
RESISTANCE 2 4680
PIVOT 4550
SUPPORT 1 4430
SUPPORT 2 4380
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THURSDAY, APRIL 10
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
04:00 NZD BUSINESS NZ PMI 58.4 56.5
04:30 USD FOMC MEMBER TARULLO SPEAKS
04:31 GBP RICS HOUSE PRICE BALANCE 57% 44% 45%
07:00 AUD EMPLOYMENT CHANGE 18.1K 5.0K 48.2K
07:00 AUD FULL EMPLOYMENT CHANGE -22.1K 80.0K
07:00 AUD UNEMPLOYMENT RATE 5.8% 6.0% 6.1%
07:30 CNY CHINESE EXPORTS (YOY) -6.6% 4.0% -18.1%
07:30 CNY CHINESE IMPORTS (YOY) -11.3% 2.4% 10.1%
07:30 CNY CHINESE TRADE BALANCE 7.71B 0.90B -22.98B
TENTATIVE CNY CHINESE NEW LOANS 1,000B 645B
13:30 EUR ECB MONTHLY REPORT
16:30 GBP BOE QE TOTAL 375B 375B
16:30 GBP INTEREST RATE DECISION 0.50% 0.50%
18:00 CAD NEW HOUSING PRICE INDEX (MOM) 0.2% 0.3%
18:00 USD IMPORT PRICE INDEX (MOM) 0.2% 0.9%
18:00 USD INITIAL JOBLESS CLAIMS 320K 326K
23:30 USD FEDERAL BUDGET BALANCE -78.0B -193.5B
TODAY’S ECONOMIC EVENTS
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10th APRIL 2014
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