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DAILY COMMODITY REPORT 27 JANUARY 2014 Our Presence Epic Research India HNI & NRI Sales Contact Australia Toll Free Number 411 Milinda Manor (Suites 409- 417) Mintara Road, Tarneit, Victoria. Post Code 30291-800-200-9454 2 RNT Marg. Opp Cental Mall All queries should be directed to Phone.: +61 422 063855 Indore (M.P.) Info@epicresearch.co Hotline: +91 731 664 2300 HNI & NRI Sales Contact USA Alternate: +91 731 664 2320 2117 Arbor Vista Dr. Charlotte (NC) Or give us a missed call at Cell: +1 704 249 2315 026 5309 0639 YOUR MINTVISORY Call us at +91-731-6642300 DAILY MARKET WRAPUP th 27 JANUARY 2014 COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots) GOLD 05 FEB 2014 29270.00 29675.00 29252.00 29519.00 +0.48 6892 SILVER 05 MAR 2014 44864.00 45649.00 44622.00 44691.00 -0.25 9351 CRUDE 19 FEB 2014 6091.00 9135.00 6059.00 6106.00 -0.25 9413 NATURAL GAS 28 JAN 2014 299.80 319.90 299.80 318.80 +5.52 12911 COPPER 28 FEB 2014 454.50 458.15 452.70 455.50 +0.43 9709 NICKEL 31 JAN 2014 907.40 913.60 900.30 906.60 +0.02 4902 LEAD 31 JAN 2014 133.45 135.60 132.45 133.45 +1.84 2422 ZINC 31 JAN 2014 127.00 127.20 125.75 126.20 -0.28 1984 ALUMINIUM 31 JAN 2014 107.55 108.70 107.15 108.05 +0.56 2094 LME WAREHOUSE STOCKS (24– JAN- 2014) METAL TONNES IN STORAGE ALUMINIUM -7325 COPPER -425 LEAD -375 NICKEL 2502 TIN -70 ZINC 2900 YOUR MINTVISORY Call us at +91-731-6642300 INTERNATIONAL MARKETS 27 JANUARY 2014 PRECIOUS AND INDUSTRY METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1,264.50 +2.00 +0.16% APR 14 GOLD SPOT USD/T OZ. 1,270.06 +5.93 +0.47% N/A COMEX SILVER USD/T OZ. 19.77 -0.25 -1.22% MAR 14 COMEX COPPER USD/LB. 327.15 0.00 0.00% MAR 14 PLATINUM SPOT USD/T OZ. 1,428.75 -28.13 -1.93% N/ ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL (WTI) USD/BBL. 96.64 0.00 0.00% MAR 14 CRUDE OIL (BRENT) USD/BBL. 107.88 +0.30 +0.28% MAR 14 RBOB GASOLINE USD/GAL. 266.32 0.00 0.00% FEB 14 NYMEX NATURAL GAS USD/MMBTU 5.18 +0.45 +9.56% FEB 14 NYMEX HEATING OIL USD/GAL. 313.74 0.00 0.00% FEB 14 YOUR MINTVISORY Call us at +91-731-6642300 INTRADAY SUPPORT AND RESISTANCE 27 JANUARY 2014 COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1 ALUMINIUM 31-JAN 105.75 106.40 106.95 107.60 108.15 COPPER 28-FEB 444.50 448.20 451.00 454.70 457.50 CRUDEOIL 19-FEB 5930 5967 6034 6071 6138 GOLD 5-FEB 28660 28812 29084 29236 29508 LEAD 31-JAN 129.38 131.07 131.98 133.67 134.58 NATURALGAS 28-JAN 274.87 282.93 289.97 298.03 305.07 NICKEL 31-JAN 871.4 881.9 893.6 904.1 915.8 SILVER 5-MAR 43220 43666 44288 44734 45356 ZINC 31-JAN 123.73 125.17 125.93 127.37 128.1 YOUR MINTVISORY Call us at +91-731-6642300 MOST ACTIVE CONTRACTS 27 JANUARY 2014 Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots) SILVERMICRO 28-02-2014 44832.00 5,01,83,59,584.00 1,11,937 NATURAL GAS 28-01-2014 313.40 2,78,62,513.60 88,904 CRUDE OIL 19-02-2014 6086.00 44,65,84,594.00 73,379 SILVER M 28-02-2014 44830.00 2,39,06,04,580.00 53,326 SILVER 05-03-2014 44796.00 1,23,28,75,512.00 27,522 COPPER 28-02-2014 455.75 1,18,28,991.25 25,955 LEADMINI 31-01-2014 135.35 31,13,591.40 23,004 NICKEL 31-01-2014 905.60 1,80,92,076.80 19,978 COPPERMINI 28-02-2014 455.85 90,74,605.95 19,907 GOLD M 05-02-2014 29538.00 56,56,23,162.00 19,149 YOUR MINTVISORY Call us at +91-731-6642300 TODAY,S COMMODITY NEWS 27 JANUARY 2014 COMMODITY HEADLINES Chinese Gold Consumption Soars 32% In 2013. Global Gold Mine Supply Up 4% in 2013 . Gold rallies to 2-month high on safe-haven bids. Foodgrains and Sugar Prices Remain Steady at Wholesale Markets. Brent-WTI Crude Oil narrows to $10/bbl, WTI to rise on increasing refining margins. Gold extends gains for second day on sustained buying, global cues. Commodity exchanges' turnover falls 59 per cent in first half of January. Gold miners' reserve cuts: Near-term pain, long-term gain. Sugar prices fall 30% in a year to touch lowest in 5 years. Gold premiums fall on import curbs ease speculation. Nickel moves up on rising spot demand. Coffee sector likely to get Rs 950 cr, a boost for R&D. Oil prices supported by dip in US distillate supplies. Pre-2005 notes being used to buy gold at 2-4% commission. MCX Goldpetal March contract gains. MCX Goldguinea February contract trades flat. YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY BUZZ AND ECONOMIC EVENTS 27 JANUARY 2014 SPECIAL NEWS : COMMODITY BUZZ : Japan's trade deficit unexpectedly widened in Decem- Mongolia will cut the gold mining tax to reduce illegal ber, with exports growing less than forecast. Exports gold mining and smuggling and to boost state control of rose 15.3% from a year earlier, while imports grew by gold trade. According to a revision of the minerals law 24.7% from December 2012. The resulting trade defi- passed by parliament on Friday, the gold mining tax is re- cit was 1.302 trillion yen ($12.8 billion), widening duced from 10% to 2.5% for gold mining companies that from ¥1.293 trillion. The deficit was the 18th in a row sell their mined gold to the central bank or its accredited commercial banks. for Japan. Commodities continue to underperform despite some The HSBC China flash Purchasing Managers Index (PMI) data and US Markit PMI has been below con- positive trends in global economy due to extended period of supply gains, according to Barclays Research. Com- sensus but business confidence is set to be positive in January. Fed tapering has been initiated on recovery modities have been underperforming equities and pricing in below levels unwarranted by the uptick in industrial signals in US economy which should augur well for commodities demand. production, manufacturing indices and the business senti- ment indicators. Rabi sowing is drawing to a close and the area under rabi crops is showing good increase. The total rabi WTI Crude Oil spreads have fallen in the past few days to sown area, as per reports received from States, during $10 per barrel, a level last seen in December. Barclays Re- the week ending 24.1.2014 stands at 635.13 lakh hec- search points out that strong US refining margins and low tare as compared to 603.39 lakh hectare at this time product stock cover in the OECD could push WTI prices last year- up 5.26%. even higher in the coming weeks as the US continues ex- porting high levels of light products. YOUR MINTVISORY Call us at +91-731-6642300 EPIC RESEARCH– ANALYST SPEAKS 27 JANUARY 2014 SILVER MCX: Apart from Gold, MCX Silver was less bullish on Friday, weak currency helped price to rise up to 45650, But a sharp fall seen due to profit booking at higher level, Overall trend was bearish still, we expect price can correct up to 44500-44000, on the other side a firm recovery is possible only above 45850. BUY SILVER ABOVE 45000 TGTS 45200/45500 SL 44750 SELL SILVER BELOW 44500 TGTS 44300/44000 SL 45750 YOUR MINTVISORY Call us at +91-731-6642300 EPIC RESEARCH– ANALYST SPEAKS 27 JANUARY 2014 GOLD MCX: MCX Gold climb higher to 29675 level on Friday due to weak Indian currency, although profit booking at higher level cap the increasing price. For Monday trend remains mixed and is expected to trade sideways to higher towards 29750 levels in near term, On the other side failed to trade above 29500 get price down to 29200-29000 level. BUY GOLD ABOVE 29650 TGTS 29730/29830 SL 29550 SELL GOLD BELOW 29400 TGTS 29320/29220 SL 29500 YOUR MINTVISORY Call us at +91-731-6642300 EPIC RESEARCH– ANALYST SPEAKS 27 JANUARY 2014 CASTORSEED RESISTANCE 1 4119.7 RESISTANCE 2 4162.3 PIVOT 4055.3 4012.7 SUPPORT 1 SUPPORT 2 3948.3 Castor Seed market trades under pressure due to higher production than previous estimate. Area under castor seed has de- creased this year from11.81 lakh ha. to 9.84 lakh ha., however, yield has improved significantly from 96. BUY CASTORSEED FEB ABOVE 4130 TGTS 4160,4210 SL 4080 SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080 YOUR MINTVISORY Call us at +91-731-6642300 EPIC RESEARCH– ANALYST SPEAKS 27 JANUARY 2014 DHANIYA RESISTANCE 1 8600.7 RESISTANCE 2 8654.3 PIVOT 8543.3 SUPPORT 1 8489.7 SUPPORT 2 8432.3 Bearish trend continued in coriander futures on the back of strong production estimates in major producing states along with higher carryover stocks in local mandies. The NCDEX futures declined by almost 4% from their weekly highs. The NCDEX April coriander futures declined by 0.57% on Friday to close at Rs 9236 per quintal. The NCDEX futures shrugged off by al- most 4% from their weekly high of Rs 9569 per quintal. The NCDEX futures reduced 2.2% in open interest indicating fresh selling by traders. BUY DHANIYA FEB ABOVE 8590 TGTS 8620,8670 SL 8540 SELL DHANIYA FEB BELOW 8480 TGTS 8450,8400 SL 8530 YOUR MINTVISORY Call us at +91-731-6642300 TODAY’S ECONOMIC EVENTS th 27 JANUARY 2014 T IME C OUNTRY E VENT A CTUAL FORECAST PREVIOUS MONDAY, JANUARY 27 05:20 JPY TRADE BALANCE -1,223B -1,293B 14:30 EUR GERMAN BUSINESS EXPECTATIONS 108.0 107.4 14:30 EUR GERMAN CURRENT ASSESSMENT 112.4 111.6 14:30 EUR GERMAN IFO BUSINESS CLIMATE INDEX 110.0 109.5 20:30 USD NEW HOME SALES 457K 464K 20:30 USD NEW HOME SALES (MOM) -2.1% YOUR MINTVISORY Call us at +91-731-6642300 DISCLAIMER 27 JANUARY 2014 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any re- sponsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all es- timates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex- pressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid),Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. YOUR MINTVISORY Call us at +91-731-6642300
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