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DAILY COMMODITY REPORT

28 Nov 2016

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DAILY MARKET WRAPUP


28 Nov 2016

COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

OPEN INTEREST

GOLD

5-Dec

28553

28693

28374

28746

5045

SILVER

5-Dec

39901

40621

39860

40498

9862

CRUDEOIL

19-Dec

3272

3274

3177

3198

11180

NATURAL GAS

27-Dec

217.00

221.40

215.60

220.40

2191

COPPER

30-Nov

401.60

404.60

398.25

403.75

15589

NICKEL

30-Nov

792.60

802.80

778.30

799.40

6504

LEAD

30-Nov

153.70

166.10

151.35

165.10

2457

ZINC

30-Nov

189.95

197.50

185.90

197.05

6130

ALUMINIUM

30-Nov

120.40

120.80

119.15

120.60

2308

LME WAREHOUSE STOCKS (25-Nov- 2016)

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METAL

TONNES IN STORAGE ( MT )

ALUMINIUM

+900

COPPER

-3525

LEAD

NICKEL

-222

ZINC

-1275
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INTERNATIONAL MARKETS
28 Nov 2016

PRECIOUS AND INDUSTRY METALS


COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX Gold

USD/TZ

1,196.10

+15.10

+1.28%

Dec 2016

Gold Spot

USD/t oz.

1,192.82

+9.26

+0.78%

N/A

COMEX Silver

USD/t oz.

16.85

+0.29

+1.76%

Dec 2016

COMEX Copper

USD/lb.

268.85

+0.70

+0.26%

Dec 2016

Platinum Spot

USD/t oz.

918.45

+10.20

+1.12%

N/A

ENERGY COMMODITY FUTURES


COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

Crude Oil (WTI)

USD/bbl.

46.14

+0.08

+0.17%

Dec 2016

Crude Oil (Brent)

USD/bbl.

47.32

+0.08

+0.17%

Jan 2017

RBOB Gasoline

USD/gal.

137.66

+0.39

+0.28%

Dec 2016

NYMEX Natural Gas

USD/MMBTU

3.15

+0.06

+1.94%

Dec 2016

NYMEX Heating Oil

USDGAL.

147.10

+0.10

+0.07%

Dec 2016

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MOST ACTIVE CONTRACTS


28 Nov 2016

Symbol

Expiry Date

LTP

CRUDEOIL MINI

19-12-2016

3245.00

32,21,37,640.00

99,272

CRUDE OIL

19-12-2016

3244.00

23,01,42,336.00

70,944

COPPER

30-11-2016

399.65

1,36,33,660.10

34,114

ZINCMINI

30-11-2016

189.10

58,61,532.70

30,997

SILVERMICRO

30-11-2016

40524.00

1,11,29,51,136.00

27,464

COPPERMINI

30-11-2016

399.60

1,01,46,643.20

25,392

LEADMINI

30-11-2016

157.15

34,19,584.00

21,760

ZINC

30-11-2016

189.25

37,32,010.00

19,720

NICKEL

30-11-2016

785.30

1,29,92,003.20

16,544

SILVER M

30-11-2016

40520.00

62,26,70,840.00

15,367

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Value (In Lacs) Volume (In Lots)

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INTRADAY SUPPORT AND RESISTANCE


28 Nov 2016

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

GOLD

5-Oct

28285.33

28515.67

28604.33

28834.67

28923.33

SILVER

5-Dec

39565.33

40031.67

40326.33

40792.67

41087.33

CRUDEOIL

18-Nov

3119.33

3158.67

3216.33

3255.67

3313.33

NATURAL GAS

25-Nov

213.33

216.87

219.13

222.67

224.93

COPPER

30-Nov

395.85

399.80

402.20

406.15

408.55

NICKEL

30-Nov

769.00

784.20

793.50

808.70

818.00

LEAD

30-Nov

146.10

155.60

160.85

170.35

175.60

ZINC

30-Nov

181.88

189.47

193.48

201.07

205.08

ALUMINIUM

30-Nov

118.53

119.57

120.18

121.22

121.83

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COMMODITY BUZZ AND ECONOMIC EVENTS


28 Nov 2016

SPECIAL NEWS

COMMODITY BUZZ

Gold prices gained in early Asia on Monday as investors focused on the recent declines as an opportunity to buy.Gold for
December delivery on the Comex division of the New York
Mercantile Exchange rose 0.73% to $1,187.00 a troy
ounce. Silver futures on the Comex were flat at $16.554 a troy
ounce, while copper futures dipped 0.24% to $2.657 a
pound.This week brings U.S. nonfarm payrolls report for November on friday as well as data on U.S. economic growth and
manufacturing for fresh indications on the likelihood of a December rate hike. Investors will also be watching euro zone
inflation data and manufacturing reports out of the U.K. and
China.On Monday, European Central Bank President Mario
Draghi is due to testify about the ECBs outlook on economic
and monetary developments and the consequences of Brexit to
the Economic Committee in the European Parliament.
Crude oil prices dropped smartly in Asia on Monday as investors braced for a down-to-the-wire decision by OPEC to curb
output as proposed.U.S. crude oil prices slumped 1.44% to
$45.33 a barrel on the New York Mercantile Exchange.Last
week, oil prices fell sharply on Friday amid uncertainty over
whether the Organization of the Petroleum Exporting Countries can reach an agreement to cut production and prop up
markets.Global benchmark Brent futures were last quoted at
$47.43 a barrel.Doubts over whether major global exporters
will be able to reach an agreement on November 30 to rein in
output also kept investors on the sidelines. OPEC is to hold a
meeting in Vienna on Wednesday aimed at finalizing the details of a proposed output cut, which it is hoped will reduce a
global supply glut that has pressured oil prices lower for more
than two years.

YOUR MINTVISORY

European Commission President Jean-Claude Juncker hopes


Italians will not reject reforms sponsored by Prime Minister
Matteo Renzi when they vote in a referendum over changing
the country's constitution, he told a newspaper on Sunday.Despite Renzi's frequent attacks on the European Commission, Juncker told La Stampa that the Italian Prime Minister was
carrying out the right reforms and added that the country's
budgetfor next year was complying with EU rules."I don't know
whether I would be useful to Renzi saying I would like to see
'Yes' win, I just say I would not like to see 'No' prevailing (in
the referendum)," Juncker said."Italy is a great nation and Renzi
has contributed to this, we have to admit this," he
added.Juncker's endorsement of Renzi's constitutional reform
comes just a week before a Dec. 4 national referendum.

The Reserve Bank of India on Saturday unexpectedly ordered


banks to deposit their extra cash with it, in a bid to absorb excess liquidity generated by a government ban on larger banknotes.Many Indians deposited their old notes with their banks
after the ban on 500 and 1,000 rupee notes ($7.30-$14.60) on
Nov. 8, which is aimed at tax evaders and counterfeiting.Banks
had put some of this cash into government bonds, sparking a
rally that saw the benchmark 10-year bond yield fall more than
50 basis points to its lowest in more than 7-1/2 years.The central bank said banks would need to transfer 100 percent of their
cash under the RBI's cash reserve ratio from deposits generated
between Sept. 16 and Nov. 11, saying it was a temporary measure that would be reviewed on or before Dec. 9.

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COMMODITY NEWS
28 Nov 2016

COMMODITY HEADLINES

Lead futures gain on overseas cues

White metal hits on global cues

Nickel futures in reverse gear

Zinc keeps head above water

Copper futures zoom 1.43% on global cues

Yellow metal loses sheen on dollar strengthening

Crude oil in reverse gear on doubts over OPEC-led cuts

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EPIC RESEARCH ANALYST SPEAKS


28 Nov 2016

GOLD

BUY GOLD ABOVE 28900 TGT 29000 29100 SL 28800


SELL GOLD BELOW 28350 TGT 28250 28050 SL 28450

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EPIC RESEARCH ANALYST SPEAKS


28 Nov 2016

SILVER

BUY SILVER ABOVE 40600 TGT 40800 41400 SL 40400


SELL SILVER BELOW 39850 TGT 39650 39050 SL 40050

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TODAYS ECONOMIC EVENTS


28 Nov 2016

MONDAY, 28 NOVEMBER 2016

Time

Cur.

Event

02:00

GBP

CFTC GBP speculative net positions

-80.3K

02:00

USD

CFTC Crude Oil speculative net positions

276.3K

02:00

USD

CFTC Gold speculative net positions

177.7K

02:00

USD

CFTC S&P 500 speculative net positions

-13.9K

02:00

AUD

CFTC AUD speculative net positions

41.5K

02:00

JPY

CFTC JPY speculative net positions

20.7K

02:00

EUR

CFTC EUR speculative net positions

-119.2K

05:00

JPY

Household Spending (MoM) (Oct)

0.1%

2.8%

05:00

JPY

Household Spending (YoY) (Oct)

-0.6%

-2.1%

05:00

JPY

Jobs/applications ratio (Oct)

1.39

1.38

05:20

JPY

Retail Sales (YoY) (Oct)

-1.2%

-1.9%

13:45

CHF

Employment Level (Q3)

19:00

USD

GDP (QoQ) (Q3)

3.0%

2.9%

19:00

USD

GDP Price Index (QoQ) (Q3)

1.5%

1.5%

19:30

USD

S&P/CS HPI Composite - 20 n.s.a. (YoY) (Sep)

5.2%

5.1%

19:45

USD

FOMC Member Dudley Speaks

20:30

USD

CB Consumer Confidence (Nov)

101.1

98.6

23:10

USD

FOMC Member Powell Speaks

YOUR MINTVISORY

Forecast

Previous

4.903M

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28 Nov 2016
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