Epic research daily commodity report 8th nov 2016

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08 Nov 2016

DAILY COMMODITY REPORT

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08 Nov 2016

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OPEN INTEREST

GOLD 5-Dec 30510 30510 3005 30078 6891

SILVER 5-Dec 43106 43179 42609 42933 12862

CRUDEOIL 18-Nov 2952 3009 2952 2967 25399

NATURAL GAS 25-Nov 187.40 192.50 186.20 187.90 8903

COPPER 30-Nov 335.00 341.40 334.95 341.15 19752

NICKEL 30-Nov 702.40 450.20 702.40 747.70 10806

LEAD 30-Nov 140.40 141.40 138.30 139.75 4605

ZINC 30-Nov 164.25 166.70 163.50 164.80 13366

ALUMINIUM 30-Nov 116.00 116.50 114.25 115.15 6062

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE ( MT )

ALUMINIUM -5276

COPPER -6602

LEAD -226

NICKEL -545

ZINC -299

LME WAREHOUSE STOCKS (07-Nov- 2016)


08 Nov 2016

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

Crude Oil (WTI) USD/bbl. 44.80 -0.09 -0.20% Oct 2016

Crude Oil (Brent) USD/bbl. 46.17 +0.02 +0.04% Nov 2016

RBOB Gasoline USD/gal. 136.58 -0.52 -0.38% Oct 2016

NYMEX Natural Gas USD/MMBTU 2.82 +0.01 +0.25% Oct 2016

NYMEX Heating Oil USDGAL. 144.17 +0.11 +0.08% Oct 2016

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX Gold USD/TZ 1,283.50 +4.10 +0.32% Dec 2016

Gold Spot USD/t oz. 1,283.41 +1.77 +0.14% N/A

COMEX Silver USD/t oz. 18.21 +0.06 +0.33% Dec 2016

COMEX Copper USD/lb. 230.70 -0.25 -0.11% Dec 2016

Platinum Spot USD/t oz. 1,002.73 +2.83 +0.28% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


08 Nov 2016

MOST ACTIVE CONTRACTS

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

CRUDEOIL MINI 18-11-2016 2982.00 34,09,73,808.00 1,14,344

CRUDE OIL 18-11-2016 2982.00 25,73,16,780.00 86,290

NICKEL 30-11-2016 726.80 2,53,20,985.20 34,839

NATURAL GAS 25-11-2016 188.70 57,92,523.90 30,697

COPPER 30-11-2016 337.75 1,03,60,819.00 30,676

ZINCMINI 30-11-2016 164.95 46,65,610.75 28,285

SILVERMICRO 30-11-2016 43024.00 1,03,20,59,712.00 23,988

NICKELMINI 30-11-2016 727.20 1,68,95,037.60 23,233

ZINC 30-11-2016 164.95 30,16,275.70 18,286

COPPERMINI 30-11-2016 337.75 58,38,684.25 17,287


08 Nov 2016

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

GOLD 5-Oct 29692.67 29885.33 30197.67 30390.33 30702.67

SILVER 5-Dec 42337.00 42635.00 42907.00 43205.00 43477.00

CRUDEOIL 18-Nov 2919.00 2943.00 2976.00 3000.00 3033.00

NATURAL GAS 25-Nov 182.57 185.23 188.87 191.53 195.17

COPPER 30-Nov 332.72 336.93 339.17 343.38 345.62

NICKEL 30-Nov 885.63 816.67 633.43 564.47 381.23

LEAD 30-Nov 136.72 138.23 139.82 141.33 142.92

ZINC 30-Nov 161.80 163.30 165.00 166.50 168.20

ALUMINIUM 30-Nov 113.05 114.10 115.30 116.35 117.55

INTRADAY SUPPORT AND RESISTANCE


08 Nov 2016

SPECIAL NEWS

Finance Minister Taro Aso said on Tuesday that Japan will need to respond to currency market moves if results of the U.S. presidential election cause a sudden spike in the yen.Aso made the remarks when asked about market speculation that the safe-haven currency could spike if Republican nominee Donald Trump won the presidential race due on Nov. 8."I won't comment on results of other country's elections. But if it were to affect currencies, we would need to watch and re-spond, as stability in currencies is always important," Aso told reporters after a cabinet meeting.

Britain will only start to lower public debt as a share of GDP at the end of the decade due to a Brexit-related hit to the economy, a think tank said, underscoring finance minister Philip Hammond's challenge as he prepares his first budget statement.The Institute for Fiscal Studies predicted Britain would run a budget deficit of nearly 15 billion pounds ($18.6 billion)in the 2019/20 financial year, rather than a surplus of 10 billion pounds as forecast in the government's existing budget projections.That budget overshoot meant debt as a share of gross domestic product would hover around its cur-rent, historically high level of 84 percent until 2019/20 when it would start to fall again, the IFS said.

COMMODITY BUZZ

Crude oil prices fell further in Asia on Tuesday as China trade data for October disappointed from the world's second largest importer.Crude oil for December delivery on the New York Mercantile Exchange fell 0.22% to $44.79 a barrel. Brent oil for January delivery on the ICE Futures Exchange in London dipped 0.30% to $46.16 a barrel.In China, the trade balance for October came in a surplus of $49.06 billion, narrower than the $51.07 billion seen as exports andimports missed expectations as well.Overnight, oil prices pushed higher during North Ameri-can hours on Monday, as appetite for riskier assets improved af-ter the FBI said no new evidence was found to warrant charges against Hillary Clinton in the investigation of her emails just two days before the U.S. election.

Gold prices held gains on Tuesday in Asia in the wake of weaker than expected trade data from China and as cautious trade ruled ahead of the U.S. presidential election and note in-creased expectations of a Federal Reserve rate hike next month.Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.35% to $1,283.85 a troy ounce.Also on the Comex, silver futures for December de-livery gained 0.40% to $18.223 a troy ounce. Copper futures however dropped 0.22% to $2.307 a pound. Copper futures have been well-supported in recent sessions as traders bet that the global economy may be gaining momentum after a long period of sluggish growth.

COMMODITY BUZZ AND ECONOMIC EVENTS


08 Nov 2016

COMMODITY NEWS

COMMODITY HEADLINES

White metal in reverse gear on weak global cues

Copper futures zoom 1.41% on uptick in demand overseas cues

Yellow metal looses sheen after FBI clears Clinton

Crude oil rebounds ahead of US polls

Lead futures gain 0.47% on increasing demand

Aluminium futures surge 0.35% on uptick in demand

Nickel futures climb 3.64% on rising demand


08 Nov 2016

EPIC RESEARCH– ANALYST SPEAKS

GOLD

BUY GOLD ABOVE 30400 TGT 30500 30700 SL 30300

SELL GOLD BELOW 30060 TGT 29960 29760 SL 30160


08 Nov 2016

EPIC RESEARCH– ANALYST SPEAKS

SILVER

BUY SILVER ABOVE 43200 TGT43400 44000 SL 43000

SELL SILVER BELOW 42600 TGT 42400 41800 SL 42800


08 Nov 2016

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08 Nov 2016

TUESDAY, 08 NOVEMBER 2016

Time Cur. Event Forecast Previous

05:31 GBP BRC Retail Sales Monitor (YoY) (Oct) - 0.4%

06:00 AUD NAB Business Confidence (Oct) -- 6

12:15 CHF Unemployment Rate n.s.a. (Oct) 3.2% 3.2%

12:15 CHF Unemployment Rate s.a. (Oct) 3.3% 3.3%

15:00 GBP Industrial Production (MoM) (Sep) 0.1% -0.4%

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

Tentative USD US Presidential Election - -

18:30 EUR EU Finance Ministers Meeting - -

20:30 GBP NIESR GDP Estimate - 0.4%

20:30 USD JOLTs Job Openings (Sep) 5.508M 5.443M

TODAY’S ECONOMIC EVENTS

Epic research daily commodity report 8th nov 2016

Economy & Finance

Transcript of Epic research daily commodity report 8th nov 2016