Epic research daily commodity report 09 dec- 2014
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Transcript of Epic research daily commodity report 09 dec- 2014
YOUR MINTVISORY Call us at +91-731-6642300
09th Dec 2014
DAILY COMMODITY REPORT
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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
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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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09th Dec 2014