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    Daily Commodity Report 22 Nov 2013 by EPIC RESEARCH

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    Nidhi Jain
    Epic Research adopts multiple ways to analyze the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.

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    Daily Commodity Report 22 Nov 2013 by EPIC RESEARCH

    Uploaded by

    Nidhi Jain
    27 views7 pages
    Epic Research adopts multiple ways to analyze the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.

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    Epic Research adopts multiple ways to analyze the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views7 pages

    Daily Commodity Report 22 Nov 2013 by EPIC RESEARCH

    Uploaded by

    Nidhi Jain
    Epic Research adopts multiple ways to analyze the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    DAILY COMMODITY REPORT 22nd NOVEMBER.

    2013

    Our Presence
    HNI & NRI Sales Contact Australia Epic Research India
    411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 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]

    YOUR MINTVISORY

    Call us at +91-731-6642300

    DAILY COMMODITY REPORT 22nd NOVEMBER. 2013

    COMMODITY WRAPUP

    COPPER
    At MCX, copper Nov. traded higher by Rs 1.95, or 0.45%, to Rs 437.05 per kg in a business turnover of 930 lots. The metal for delivery in February next year gained Rs 2, or 0.45%, at Rs 448.80 per kg in a business volume of 129 lots. Besides increased demand from consuming industries, a firming trend overseas after Fed Chairman said that the benchmark interest rate will remain low long after policy makers reduce bond purchases, influenced copper prices at futures trade.

    GOLD
    Gold hit a four-month low on Thursday, hurt by speculation the US Federal Reserve might be able to start scaling back its monetary stimulus soon. US gold futures for December delivery fell 1.5 per cent to $1,238.90 an ounce. Gold's drop to a four-month low this week attracted buyers in Asia but the re were doubts that the demand would last as consumers may be waiting for the market to go even lower. In India, despite muted demand, premiums jumped to $120 an ounce from $80 last week

    CRUDE OIL
    MCX Crude oil futures recovered yesterday but the gains were primarily because of weak undertone in the INR as global prices were weighed down by Euro-zone growth worries. Oil prices also got eased in Asia after talks between Iran and world powers on its disputed nuclear program opened in Geneva, while signs of rising US demand failed to boost New York's main contract. Domestic inventories had risen 400,000 barrels last week lower than expectations.

    SILVER
    Silver prices fell by 0.64% to Rs 46,220 per kg in futures trade yesterday as speculators trimmed their positions, taking weak cues from the global markets. At MCX silver March 2014 declined by Rs 297, or 0.64%, to Rs 46,220 per kg in business volume of 64 lots. On the similar lines, the white metal for delivery in Dec traded lower by Rs 282, or 0.63%, to Rs 44,717 per kg in business turnover of 775 lots. Silver traded 2.41% lower at $19.85 an ounce in New York in yesterday's trade.

    SPECIAL NEWS
    *The U.S. Bureau of Labor Statistics reported on Wednesday. Over the last 12 months, the all items index increased 1.0% before seasonal adjustment. The index for all items less food and energy rose 0.1% in October, steady over last month. On annual basis, the index for all items less food and energy has risen 1.7% over the last year, while the food index has risen 1.3%, The energy index has declined 4.8% over the last 12 months, its largest 12-month decline since July 2012. US data suggested stronger labor market conditions and subdued inflation pressures. US weekly jobless claims fell more than expected last week, while US producer prices fell for a second straight month in October.
    YOUR MINTVISORY

    COMMODITY BUZZ
    Commodity indices have continued to perform badly moving into 4th quarter of 2013 and weakness in metals and agri-commodities complex is seeping into energy, It was the 3rd consecutive year of negative returns. In its annual rebalancing at beginning of next year, the index will reduce its allocation to US NG. WTI crude oil and cotton in favor of gold, corn and silver. Reweighting events may not have any appreciable impact on commodity pricing. CME lowered Comex 100 Gold futures (GC) margins to $7,975 per contract from $8,800 and cut Comex 5000 Silver futures (SI) margins to $11,000 per contract from $12,375. CME also cut maintenance margins for gold to $7,250 per contract from $8,000. All the margin changes will be effective after the close of business on Friday, Nov. 22.
    Call us at +91-731-6642300

    DAILY COMMODITY REPORT 22nd NOVEMBER. 2013

    COMMODITY LEVELS
    DAILY LEVELS WITH TREND

    ITEM GOLD SILVER CRUDE NATURAL GAS COPPER NICKEL LEAD ZINC ALUMINIUM

    Contract 05 DEC 2013 05 DEC 2013 18 DEC 2013 25 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013

    Open 30030 44851 5928 228.90 137.45 849.50 130.10 117.05 109.60

    High 30338 45336 6063 235.7 445 851.60 131.2 118.10 110.70

    Low 29917 44551 5916 228.9 436.15 841.7 129.3 116.65 109.1

    Close 30285 45127 6053 233.90 444.65 849.7 130.95 118.1 110.60

    % Chg. +0.51 +0.59 +2.35 +2.63 +1.88 +0.54 +0.69 +1.07 +1.15

    OI (in lots) 6115 10311 10752 8270 11550 9162 27.95 2298 1875

    TREND Sideways Bearish Bullish Bullish Bullish Bullish Bullish Bullish Bullish

    SUPPORT & RESISTANCE


    COMMODITIES
    GOLD SILVER CRUDE NATURAL GAS COPPER NICKEL LEAD ZINC ALLUMINIUM
    YOUR MINTVISORY

    CONTRACT
    05DEC2013 05DEC2013 18 DEC 2013 25 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013

    S2
    29759.00 44219.67 5863.67 226.03 433.08 837.77 128.58 116.17 108.53

    S1
    30022.00 44673.33 5958.33 229.97 438.87 843.73 129.77 117.13 109.57

    PIVOT
    30180.00 45004.67 6010.67 232.83 441.93 847.67 130.48 117.62 110.13

    R1
    30443.00 45458.33 6105.33 236.77 447.72 853.63 131.67 118.58 111.17

    R2
    30601.00 45789.67 6157.67 239.63 450.78 857.57 132.38 119.07 111.73

    Call us at +91-731-6642300

    DAILY COMMODITY REPORT 22nd NOVEMBER. 2013

    RECOMMENDATION
    GOLD
    A swing trading was seen yesterday in Gold, positive jobless data hit the gold and took price down to 29917. Although it recovered, but prices then stuck in a trend channel and yet to make convincing trades above 30500 region to generate intraday buying sentiments 30800.

    BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30330

    SILVER

    The prices have broken 45000 level but failed to close below, As long as 45000 region holds downside prices likely to trade higher with an upside target of 46100/46500 at an immediate level. On the other side, fall below 45000 with volume could bid selling sentiments towards 44800/44500.

    BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150 SELL SILVER BELOW 44800 TGTS 44600/44300 SL 45150

    YOUR MINTVISORY

    Call us at +91-731-6642300

    DAILY COMMODITY REPORT 22nd NOVEMBER. 2013

    COMMODITY SPECIAL
    LME INVENTORY (in tonnes)

    METALS ALUMINIUM COPPER LEAD NICKEL TIN ZINC MOST ACTIVE CONTRACTS BY (VOLUME) Symbol
    SILVERMICRO CRUDE OIL NATURAL GAS COPPER SILVER M COPPERMINI SILVER GOLD M GOLD LEADMINI

    Change
    3300 -3575 -775 912 -60 -4575

    Expiry Date
    30-11-2013 18-12-2013 25-11-2013 29-11-2013 30-11-2013 29-11-2013 05-12-2013 05-12-2013 05-12-2013 29-11-2013

    LTP
    45316.00 6054.00 233.80 444.35 45308.00 444.30 45264.00 30952.00 30223.00 130.95

    Value (In Lacs) Volume (In Lots)


    3,26,37,48,952.00 40,98,31,584.00 1,01,37,334.20 1,76,37,140.20 1,73,46,62,088.00 1,17,32,630.10 1,00,21,90,224.00 66,96,46,520.00 53,17,43,462.00 20,54,212.65 72,022 67,696 43,359 39,692 38,286 26,407 22,141 21,635 17,594 15,687

    YOUR MINTVISORY

    Call us at +91-731-6642300

    DAILY COMMODITY REPORT 22nd NOVEMBER. 2013

    ECONOMIC CALENDER

    TIME (ET)

    REPORT

    PERIOD ACTUAL MONDAY, NOV. 18

    CONSENSUSFORECAST

    PREVIOUS

    10 am

    Home builders' index

    Nov. TUESDAY, NOV. 19

    56

    55

    8:30 am

    Employment cost index

    3Q WEDNESDAY, NOV. 20

    0.5%

    0.5%

    8:30 am 8:30 am 8:30 am 8:30 am 10 am 10 am 2 pm

    Retail sales Retail sales ex-autos Consumer price index Core CPI Business inventories Existing home sales FOMC minutes

    Oct. Oct. Oct. Oct. Sept. Oct.

    0.1% 0.2% 0.0% 0.2% 0.3% 5.23 mln

    -0.1% 0.4% 0.2% 0.1% 0.3% 5.29 mln

    THURSDAY, NOV. 21 8:30 am 8:30 am 8:30 am 8:58 am 10 am 10 am Weekly jobless claims Producer price index Core PPI Markit flash PMI Philly Fed Leading indicators 11/16 Oct. Oct. Nov. Nov. Oct. FRIDAY, NOV. 22 10 am Job openings Sept. 3.9 mln
    Call us at +91-731-6642300

    N/A -0.2% 0.1 -15.0 --

    N/A -0.1% 0.1% 51.8 19.8

    YOUR MINTVISORY

    DAILY COMMODITY REPORT 22nd NOVEMBER. 2013

    Disclaimer
    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 responsibility (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 estimates 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 expressed 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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