Daily Commodity Report 25 Nov 2013 by EPIC RESEARCH

8/13/2019 Daily Commodity Report 25 Nov 2013 by EPIC RESEARCH

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COMMODITY WRAPUP

Gold prices eased in a quiet trade at the domestic

bullion market on Friday due to decreased demandfrom stockists as well as weak buying sentiment

amid stimulus scale down speculation. MCX Gold

December contract was closed at Rs 29848 down

Rs 426 or 1.41%, it touched an intraday high of Rs

30320 and an intraday low of Rs 29812. Around

17384 contracts had been traded. Pure gold (99.9

purity) also fell by a similar margin to end at Rs

30,960 per 10 grams from Rs 30,980.

ON Friday MCX Silver Dec. contract was closed at

Rs 44547 down Rs 590 or 1.31%. The Silver

touched an intraday high of Rs 45240 and an intra-

day low of Rs44455. 16445 contracts had been

traded. On the global front, the shiny metal re-

mained under intense selling pressure and plunged

to a four-month low after the US Fed Chairman

Ben Bernanke hinted at stimulus pull-back in the

coming months and better than expected joblessclaims data.

Base metals softened up to 8.3 per cent in the

past month, due to weak manufacturing datafrom China, coupled with renewed concerns on

tapering of the third round of quantitative easing

(QE3) by the United States Federal Reserve. The

global market for refined copper swung into a

21,000-tonne surplus in August, rising after

three straight months of a shortfall, mostly due

to higher production.

Oil prices eased in Asia on Friday after talks be-

tween Iran and world powers on its disputed nu-

clear program opened in Geneva, while signs of

rising US demand failed to boost New York's

main contract. WTI crude Jan. falling 21 cents to

$93.64, while the European benchmark Brent oil

for January dropped 28 cents to $107.78. The

prices of Crude Oil on NYMEX platform ended

the week at $ 94.84 per barrel, up 0.37%.

GOLD

CRUDE OIL

COPPER

SILVER

SPECIAL NEWS COMMODITY BUZZ* Chinese PMI numbers showed a decline,HSBC's preliminary manufacturing data for No-

vember came out with a score of 50.4, compared

with a final October reading of 50.9. The lower

reading cast a shadow over hopes for much im-proved consumption from China.

* Germany Conference Board leading index

moved up 0.2 percent sequentially to 107.5 in

September, after rising 0.4 percent and 0.6 per-

cent respectively in August and July. Meanwhile,

the coincident economic index, a measure of the

current situation, dropped 0.1 percent month-on-

month to 107.7 in September. This followed a 0.2

percent gain in August.

EIA reported a rise of 375000 barrels in the Crude

Oil inventories, against the expectations of 900000

barrels. The average Crude Oil production in Oc-

tober was 7.7 million barrels per day. Meanwhile

OPEC is expected to increase the sailings of Crude

oil by 1.7% to the west on the back of rising heat-

ing oil demand.

Average and marginal gold cash costs have gone

down in the third quarter of 2013 as a result of

industry-wide moves to cut costs. Gold producers

have cut certain operations in order to reduce

their administrative/other costs.

HSBC on Friday lowered its previous platinum

price forecasts for 2013 and 2014, saying the metal

has been increasingly affected by the plunge in

the gold prices.


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COMMODITY LEVELS

COMMODITIES CONTRACT S2 S1 PIVOT R1 R2GOLD 05DEC2013 29485.33 29666.67 29993.33 30174.67 30501.33SILVER 05DEC2013 43962.33 44254.67 44747.33 45039.67 45532.33CRUDE 18 DEC 2013 5898.67 5945.33 6001.67 6048.33 6104.67NATURAL GAS 25 NOV 2013 229.43 232.67 235.03 238.27 240.63COPPER 29 NOV 2013 440.58 442.32 444.33 446.07 448.08NICKEL 29 NOV 2013 837.43 841.07 846.53 850.17 855.63LEAD 29 NOV 2013 129.68 130.32 131.28 131.92 132.88ZINC 29 NOV 2013 116.82 117.38 118.07 118.63 119.32ALLUMINIUM 29 NOV 2013 108.20 108.70 109.65 110.15 111.10

ITEM Contract Open High Low Close Chg. OI (inlots) TRENDGOLD 05 DEC 2013 30262 30320 29812 29848 -1.36 5360 BearishSILVER 05 DEC 2013 45167 45240 44455 44547 -1.11 10341 BearishCRUDE 18 DEC 2013 6044 6058 5955 5992 -1.07 10194 BearishNATURALGAS 25 NOV 2013 234.50 237.4 231.8 235.90 +0.85 7651 BullishCOPPER 29 NOV 2013 444.20 446.35 442.6 444.05 -0.06 11092 BullishNICKEL 29 NOV 2013 850.10 852.00 842.9 844.7 -0.49 9552 SidewaysLEAD 29 NOV 2013 131.35 132.25 130.65 130.95 +0.08 2882 SidewaysZINC 29 NOV 2013 117.90 118.75 117.5 117.95 +0.04 2536 BullishALUMINIUM 29 NOV 2013 110.30 110.60 109.15 109.20 -1.04 2074 Bullish

SUPPORT & RESISTANCE

DAILY LEVELS WITH TREND


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RECOMMENDATION

SELL GOLD MCX BELOW 29700 TGTS 29600/29500 SL 29800

SELL GOLD AROUND 29980 TGTS 29900/29780 SL 30100

BUY SILVER ABOVE 45100 TGTS 45300/45500 SL 44800

SELL SILVER BELOW 44200 TGTS 44000/43700 SL 44500

GOLD MCX has strong support

@29600 and stiff Resistance is Seen

@30500. Traders can take a Long

Position around 29600 with Small

stop loss. If Gold sustains below

29600, it can head towards lower

levels. GOLD MCX has not shown

weakness as compared to GOLD

COMEX, hence it may face a correc-tion in coming days.

SILVER MCX has immediate strong

support @44400 and is trading near

support levels in both Indian and

international markets. SILVER

MCX can head upwards in coming

days. Hence fresh short position

traders should wait, and take a risk

to stay long till SILVER MCX closes

below 44400.

GOLD

SILVER


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COMMODITY SPECIALLME INVENTORY (in tonnes)

METALS ChangeALUMINIUM 67100

COPPER 3025

LEAD -300

NICKEL 588

TIN -5

ZINC -4575

MOST ACTIVE CONTRACTS BY (VOLUME)Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)CRUDE OIL 18-12-2013 5991.00 40,26,19,164.00 67,204SILVERMICRO 30-11-2013 44655.00 2,30,03,57,670.00 51,514NATURAL GAS 25-11-2013 236.20 76,04,222.80 32,194COPPER 29-11-2013 444.35 1,22,80,500.95 27,637SILVER M 30-11-2013 44668.00 1,15,08,71,020.00 25,765COPPERMINI 29-11-2013 444.30 89,95,742.10 20,247GOLD M 05-12-2013 30638.00 57,13,98,700.00 18,650GOLD 05-12-2013 29863.00 49,10,07,446.00 16,442LEADMINI 29-11-2013 131.15 19,49,938.20 14,868SILVER 05-12-2013 44638.00 64,89,47,244.00 14,538
http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://profit.ndtv.com/commodity/crude-oil-price_crudeoil_18-12-2013http://profit.ndtv.com/commodity/silvermicro-price_silvermic_30-11-2013http://profit.ndtv.com/commodity/natural-gas-price_naturalgas_25-11-2013http://profit.ndtv.com/commodity/copper-price_copper_29-11-2013http://profit.ndtv.com/commodity/silver-m-price_silverm_30-11-2013http://profit.ndtv.com/commodity/coppermini-price_copperm_29-11-2013http://profit.ndtv.com/commodity/gold-m-price_goldm_05-12-2013http://profit.ndtv.com/commodity/gold-price_gold_05-12-2013http://profit.ndtv.com/commodity/leadmini-price_leadmini_29-11-2013http://profit.ndtv.com/commodity/silver-price_silver_05-12-2013http://profit.ndtv.com/commodity/silver-price_silver_05-12-2013http://profit.ndtv.com/commodity/leadmini-price_leadmini_29-11-2013http://profit.ndtv.com/commodity/gold-price_gold_05-12-2013http://profit.ndtv.com/commodity/gold-m-price_goldm_05-12-2013http://profit.ndtv.com/commodity/coppermini-price_copperm_29-11-2013http://profit.ndtv.com/commodity/silver-m-price_silverm_30-11-2013http://profit.ndtv.com/commodity/copper-price_copper_29-11-2013http://profit.ndtv.com/commodity/natural-gas-price_naturalgas_25-11-2013http://profit.ndtv.com/commodity/silvermicro-price_silvermic_30-11-2013http://profit.ndtv.com/commodity/crude-oil-price_crudeoil_18-12-2013http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://www.epicresearch.co/


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ECONOMIC CALENDER

TIME(ET) REPORT

PE-RIOD

AC-TUAL

CONSENSUSFORECAST PREVIOUS

MONDAY, NOV. 2510 AM PENDING HOME SALES OCT. -- -5.6%

TUESDAY, NOV. 268:30 AM HOUSING STARTS OCT. 925,000 891,000

8:30 AM BUILDING PERMITS OCT. 930,000 926,000

9 AM CASE-SHILLER HOME PRICE INDEX SEPT. --12.8%

YOY

9 AM FHFA HOME PRICE INDEX SEPT. -- 8.5% yoy

10 AM CONSUMER CONFIDENCE NOV. 72.0 71.2

WEDNESDAY, NOV. 278:30 AM WEEKLY JOBLESS CLAIMS 11/23 N/A N/A

8:30 AM DURABLE GOODS ORDERS OCT. -1.8% 3.8%

9:45 AM CHICAGO PMI NOV. 63.0 65.9

10 AM UMICH CONSUMER SENTIMENT INDEX NOV. 73.0 72.0

10 AM LEADING ECONOMIC INDICATORS OCT. -- 0.7%

THURSDAY, NOV. 28

THANKSGIVING DAY

NONE SCHEDULED

FRIDAY, NOV. 29NONE SCHEDULED


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Daily Commodity Report 25 Nov 2013 by EPIC RESEARCH

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