Epic research daily commodity report 09 dec- 2014

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YOUR MINTVISORY Call us at +91-731-6642300 09th Dec 2014 DAILY COMMODITY REPORT Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Or give us a missed call at 026 5309 0639 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to [email protected]

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Transcript of Epic research daily commodity report 09 dec- 2014

Page 1: Epic research daily commodity report 09  dec- 2014

YOUR MINTVISORY Call us at +91-731-6642300

09th Dec 2014

DAILY COMMODITY REPORT

Our Presence

Epic Research India

411 Milinda Manor (Suites 409- 417)

2 RNT Marg. Opp Cental Mall

Indore (M.P.)

Hotline: +91 731 664 2300

Or give us a missed call at

026 5309 0639

HNI & NRI Sales Contact Australia

Mintara Road, Tarneit, Victoria. Post Code 3029

Phone.: +61 422 063855

HNI & NRI Sales Contact USA

2117 Arbor Vista Dr. Charlotte (NC)

Cell: +1 704 249 2315

Toll Free Number

1-800-200-9454

All queries should be directed to

[email protected]

Page 2: Epic research daily commodity report 09  dec- 2014

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09th Dec 2014

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OI (in lots)

GOLD 02/05/15 26400 26459 26280 26361 8121

SILVER 03/05/15 36610 36913 36537 36595 8787

COPPER 02/27/15 403.55 405.2 399.55 399.75 13423

CRUDEOIL 12/18/14 4115 4115 3913 3933 21023

LEAD 12/31/14 126.15 126.65 125.5 125.95 1927

NICKEL 12/31/14 1040.1 1046.7 1028.1 1033.1 4014

NATURALGAS 12/26/14 235.8 235.8 224.3 225.4 12499

ZINC 12/31/14 138.35 138.85 137.1 137.2 3267

ALUMINIUM 12/31/14 122.4 122.75 120.75 120.85 4097

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM 4100

COPPER 1425

LEAD -2300

NICKEL -960

ZINC -3825

LME WAREHOUSE STOCKS (08-Dec- 2014)

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09th Dec 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

Crude Oil (WTI) USD/bbl. 62.58 -0.47 -0.75% Jan 15

Crude Oil (Brent) USD/bbl. 65.81 -0.38 -0.57% Jan 15

RBOB Gasoline USd/gal. 170.27 -0.39 -0.23% Jan 15

NYMEX Natural Gas USD/MMBtu 3.62 +0.03 +0.81% Jan 15

NYMEX Heating Oil USd/gal. 204.46 -1.03 -0.50% Jan 15

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX Gold USD/t oz. 1,201.70 +6.80 +0.57% Feb 15

Gold Spot USD/t oz. 1,200.88 -2.63 -0.22% N/A

COMEX Silver USD/t oz. 16.34 +0.06 +0.36% Mar 15

COMEX Copper USd/lb. 287.90 -0.65 -0.23% Mar 15

Platinum Spot USD/t oz. 1,228.88 -5.25 -0.43% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS

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09th Dec 2014

MOST ACTIVE CONTRACTS

Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)

CRUDE OIL 18-12-2014 3921.00 45,84,86,451.00 1,16,931

NATURAL GAS 26-12-2014 225.00 1,17,51,300.00 52,228

SILVERMICRO 27-02-2015 36625.00 1,67,04,66,250.00 45,610

COPPER 27-02-2015 400.10 99,28,081.40 24,814

SILVER M 27-02-2015 36626.00 89,21,72,734.00 24,359

COPPERMINI 27-02-2015 400.10 84,40,509.60 21,096

NICKEL 31-12-2014 1034.60 2,06,21,647.20 19,932

NICKELMINI 31-12-2014 1034.60 1,91,32,857.80 18,493

SILVER 05-03-2015 36592.00 47,80,01,296.00 13,063

ZINCMINI 31-12-2014 137.35 15,11,262.05 11,003

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09th Dec 2014

COMMODITY EXPIRY SUP.2 SUP.1 PIVOT RES.1 RES.2

ALUMINIUM 31-Dec 119.45 120.15 121.45 122.15 123.45

COPPER 27-Feb 395.85 397.80 401.50 403.45 407.15

CRUDEOIL 18-Dec 3785 3859 3987 4061 4189

GOLD 5-Feb 26188 26274 26367 26453 26546

LEAD 31-Dec 124.88 125.42 126.03 126.57 127.18

NATURALGAS 26-Dec 217.00 221.20 228.50 232.70 240.00

NICKEL 31-Dec 1017.4 1025.2 1036.0 1043.8 1054.6

SILVER 5-Mar 36306 36450 36682 36826 37058

ZINC 31-Dec 135.97 136.58 137.72 138.33 139.47

INTRADAY SUPPORT AND RESISTANCE

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09th Dec 2014

COMMODITY NEWS

COMMODITY HEADLINES

Gold prices plunge by Rs 195 on weak global cues.

Silver plunges in futures trade on weak global cues.

Gold futures fall on global cues.

Copper gains by 0.3% on overseas trend.

Lead falls by 0.2% on overseas trend.

Copper down by 0.3% on weak global cues.

Crude oil poised to extend drop after hitting 5-year low.

Crude oil fall 0.3% on global cues.

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09th Dec 2014

SPECIAL NEWS

The federal government ran a budget deficit of $59 billion

in November, the Congressional Budget Office estimated

on Friday, $76 billion less than in November 2013. Receipts

for the month were $191 billion, up $8 billion from the

same month a year ago. The government spent $249 billion

in November, $68 billion less than a year ago. CBO said

that the November deficit would have been $3 billion

higher than last year's if not for the timing of some

payments .

The HSBC Emerging Markets Index fell to 51.2 in

November from 51.5 in October. Nonetheless, the score

remains above the neutral 50 level. Growth in global

emerging markets slowed further in November, the survey

published by Markit Economics showed Friday .

The U.S. added 321,000 jobs in November to mark the

biggest gain since January 2012, and wage growth also

accelerated, in one of the strongest employment reports

since the Great Recession ended more than five years ago.

The unemployment rate, meanwhile, remained unchanged

at 5.8% as more people entered the labor force in search of

work. The government said 243,000 new jobs were created

in October, up from a preliminary 214,000. September's

gain was raised to 271,000 from 256,000. Hiring was also

revised up by a combined 44,000 in the prior two months.

COMMODITY BUZZ

For the first time in four days prices of MCX Gold showed

constructive moves. Monday session proved marginal beneficial for

the commodity and the prices ended at Rs 26361 per 10 grams. The

metal tested a high of Rs 26459 per 10 grams and a low of Rs 26280

per 10 grams. The prices are now facing active resistance of Rs

26500 and per 10 grams. On the lower side, the supports for Gold

are emerging at Rs 26250 per 10 grams. The chart patterns still

depict lower highs for the metal and the bearish phase does not look

over. Still vulnerable for aftershocks Gold can move towards Rs

26250 and 26200. Volumes showed sharp declines and were at

10826 on Monday against 16344 a day before .

Copper declined for the second day in a row. The decline in Copper

is said to be significant considering that the prices have dropped

below Rs 400 per kg on the closing basis after falling to Rs 399.55

per kg during the day. The prices have been declining during the

last few sessions of the week after the breach of double bottom

formation. The metal tested a high of Rs 405.20 per kg before

settling the day at Rs 399.75 per kg. It seems that the supports of Rs

390 per kg will come in handy for the prices even for the coming

week. On the higher side there is still heavy friction near to Rs 404

per kg .

COMMODITY BUZZ AND ECONOMIC EVENTS

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09th Dec 2014

EPIC RESEARCH– ANALYST SPEAKS

GOLD

Major movement in GOLD MCX LONG term trend is down, GOLD MCX CLOSED @26361. Gold return from resistance

@26459 , go DOWNSIDE till 26280.for keep a close eye on US deta, Volalitity may Rule the overall market due to USD/

INR MOVEMENTS

BUY GOLD FEB ABOVE 26530 TGTS 26610,26710 SL BELOW 26445

SELL GOLD FEB BELOW 26300 TGTS 26220,26120 SL ABOVE 26390

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09th Dec 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

Major movement in SILVER MCX LONG term trend is down,SILVER MCX CLOSED @36595. Silver Return from

resistance @ 36913, go downside till 36537. for keep a close eye on US deta, Volalitity may Rule the overall market due

to USD/INR MOVEMENTS .

BUY SILVER MAR ABOVE 36970 TGTS 37170,37470 SL BELOW 36670

SELL SILVER MAR BELOW 36500 TGTS 36300,36000 SL ABOVE 36800

Page 10: Epic research daily commodity report 09  dec- 2014

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09th Dec 2014

TUESDAY, DEC 09

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

12:30 EUR German Trade Balance (Oct) - 19.2B 18.5B

15:00 GBP Industrial Production (MoM) (Oct) - 0.2% 0.6%

15:00 GBP Manufacturing Production (MoM) (Oct) - 0.2% 0.4%

19:30 MXN CPI (MoM) (Nov) - 0.82% 0.55%

19:30 MXN CPI (YoY) (Nov) - 4.19% 4.30%

20:30 GBP NIESR GDP Estimate - - 0.7%

20:30 USD JOLTs Job Openings (Oct) - 4.790M 4.735M

TODAY’S ECONOMIC EVENTS

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09th Dec 2014

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Page 12: Epic research daily commodity report 09  dec- 2014

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09th Dec 2014