DAILY COMMODITY REPORT 2nd APRIL 2014
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DAILY MARKET WRAPUP 2nd APRIL 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
28610.00
28615.00
28031.00
28536.00
-1.72
480
SILVER
05-MAY-14
42743.00
43000.00
42551.00
42805.00
-0.53
15152
CRUDEOIL
21-APR-14
6104.00
6109.00
5983.00
6119.00
-2.22
8150
NATURALGAS
25-APR-14
262.90
264.70
257.50
262.50
-1.90
6386
COPPER
30-APR-14
403.50
404.65
402.30
404.15
-0.12
19259
LEAD
31-MAR-14
124.25
124.25
122.35
124.40
-1.57
2811
NICKEL
31-MAR-14
956.10
965.10
947.50
958.90
0.50
6121
ZINC
31-MAR-14
119.40
119.50
118.05
119.55
-1.15
1569
ALUMINIUM
31-MAR-14
106.00
106.70
105.65
106.25
0.05
2394
LME WAREHOUSE STOCKS (01-APRIL- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-6550
COPPER
-1925
LEAD
-1325
NICKEL
-738
TIN
UNCH
ZINC
53975 Call us at +91-731-6642300
INTERNATIONAL MARKETS 2nd APRIL 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,281.70
+1.70
+0.13%
JUN 14
GOLD SPOT
USD/T OZ.
1,282.67
+3.72
+0.29%
N/A
COMEX SILVER
USD/T OZ.
19.78
+0.02
+0.12%
MAY 14
COMEX COPPER
USD/LB.
305.15
+1.70
+0.56%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,432.38
+8.13
+0.57%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
99.65
-1.93
-1.90%
MAY 14
CRUDE OIL (BRENT)
USD/BBL.
105.44
-0.18
-0.17%
MAY 14
RBOB GASOLINE
USD/GAL.
286.17
-5.62
-1.93%
MAY 14
NYMEX NATURAL GAS
USD/MMBTU
4.25
-0.03
-0.68%
MAY 14
NYMEX HEATING OIL
USD/GAL.
288.49
-0.29
-0.10%
MAY 14
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INTRADAY SUPPORT AND RESISTANCE 2nd APRIL 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
30-Apr
103.58
104.92
105.63
106.97
107.68
COPPER
30-Apr
401.68
402.92
404.18
405.42
406.68
CRUDEOIL
21-Apr
6048
6084
6111
6147
6174
GOLD
5-Jun
27869
28007
28184
28322
28499
LEAD
30-Apr
123.70
124.05
124.40
124.75
125.10
NATURALGAS
25-Apr
255.97
259.23
264.97
268.23
273.97
NICKEL
30-Apr
941.2
950.0
955.0
963.8
968.8
SILVER
5-May
42316
42561
42945
43190
43574
ZINC
30-Apr
117.42
118.48
119.32
120.38
121.22
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MOST ACTIVE CONTRACTS 2nd APRIL 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
42615.00
2,50,91,71,200.00
58,880
CRUDE OIL
21-04-2014
5983.00
33,49,82,187.00
55,989
NATURAL GAS
25-04-2014
257.50
1,01,14,342.50
39,279
SILVER M
30-04-2014
42610.00
1,30,45,90,370.00
30,617
COPPER
30-04-2014
403.65
85,29,528.15
21,131
NICKEL
30-04-2014
963.70
1,72,39,629.30
17,889
COPPERMINI
30-04-2014
403.70
62,70,268.40
15,532
GOLD PETAL
30-04-2014
2977.00
4,57,47,559.00
15,367
NICKELMINI
30-04-2014
963.50
1,42,34,749.00
14,774
SILVER
05-05-2014
42580.00
60,74,88,860.00
14,267
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TODAY,S COMMODITY NEWS 2nd APRIL 2014
COMMODITY HEADLINES JACE launches gold hedge contract Govt reduces tariff value of gold, silver Silver down 0.3% on weak global cues Aluminium down 0.5% on global cues Copper down 0.2% on global cues, subdued demand Nickel down 0.3% on weak trend in base metals India extends ban on export of pulses Favourable policy support to drift agri commodity exports India's FY14 coffee exports up 3.6% Oil prices mixed in Asia after strong US data Oil prices up in Asia on US data Crude prices rise in Asian trade India's coffee exports marginally up 2.8% in FY14 Commodities, frontier markets top Jan-Mar investment league India's crude oil imports up 23% on fuel demand
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COMMODITY BUZZ AND ECONOMIC EVENTS 2nd APRIL 2014 SPECIAL NEWS
The consumer price inflation for industrial workers eased to a two year low of 6.73% in February due to weakening pressure on food items. The year-on-year inflation measured by monthly Consumer Price Index for Industrial workers (CPI-IW) stood at 6.73% for February, 2014, as compared to 7.24% for the previous month and 12.06 per cent during the corresponding month of the previous year, according to a Labor Ministry statement. The food inflation stood at 7.56% in February, 2014, against 8.94% of the previous month UK manufacturing production and new orders both continued to rise at robust clips during March, maintaining the positive start the sector has made to 2014.The ongoing upturn also supported further job creation. Price pressures continued to ease, however, as input costs fell and selling price inflation slowed to a seven month low. Market CIPS Purchasing Manager's Index eased to an eight month low of 55.3 in March, signaling a further cooling of growth from the peaks scaled towards the end of last year.
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COMMODITY BUZZ
National Commodities and Derivatives Exchange (NCDEX) has announced the launch of futures contracts in Bajra expiring in the months of May 2014, June 2014 and July 2014 would be available for trading from April 01, 2014. Contracts for further expiries will be launched as per the contract launch calendar, says the exchange. US Gold futures managed to continue the recovery on short covering triggered by weak dollar amid Yellen comments on continuation of stimulus program. On Monday, Fed Chair Janet Yellen said that there is still room for the central bank to help the economy and reiterated that the Fed's commitment to economic stimulus will still be needed for some time. The U.S. Institute of Supply Management is to publish a report on U.S. manufacturing growth for March later in the day. The Comex gold for June delivery trades at $1,284.20 a troy ounce, up $0.40and Silver May contract quotes at $19.737 a troy ounce, down 0.015 over Monday's close Local Gold plummeted further on weak international market amid stronger local currency against the greenback
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EPIC RESEARCH– ANALYST SPEAKS 2nd APRIL 2014
SILVER
SILVER MCX Short term trend is DOWN, Immediate support @ 42200Immediate Resistance @ 43600 SILVER MCX Closed @ 42588 . Yesterday Intraday Range of SILVER MCX was 440. Open Interest was down +1.24 %, Volumes were 14759 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER(MAY) ABOVE 43020 TGTS 43270/43620 SL BELOW 42600 SELL SILVER(MAY) BELOW 42500 TGTS 42300/42000 SL 42850
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EPIC RESEARCH– ANALYST SPEAKS 2nd APRIL 2014
GOLD
GOLD MCX Short term trend is down, Immediate support @ 27820 Immediate Resistance @ 28160 GOLD MCX Closed @ 27912. Yesterday Intraday Range of GOLD MCX was 249. Open Interest was down +3.74 %, Volumes were 12918 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(JUN) ABOVE 28020 TGTS 28100/28200 SL 27920 SELL GOLD(JUN) BELOW 27820 TGTS 27740/27640 SL 27920
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EPIC RESEARCH– ANALYST SPEAKS 2nd APRIL 2014
GUARSEED
RESISTANCE 2
4858.00
RESISTANCE 1
4947.00
PIVOT
4738.00
SUPPORT 1
4693.00
SUPPORT 2
4617.00
Guarseed April short term trend looking sideways to bearish in daily chart. Momentum indicators is in mid range. In intraday basis immediate support @ 4750 & immediate resistance @ 4840.
BUY GUARSEED APR ABOVE 4840 TGTS 4870,4920 SL 4790 SELL GUARSEED APR BELOW 4750 TGTS 4720,4670 SL 4800
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EPIC RESEARCH– ANALYST SPEAKS 2nd APRIL 2014
DHANIYA
RESISTANCE 2
9805.00
RESISTANCE 1
10020.00
PIVOT
9568.00
SUPPORT 1
9460.00
SUPPORT 2
9330.00
On Technical chart Dhaniya April is in bullish trend where dhaniya April future made new high, immediate support @ 9490 and immediate resistance @ 9630.Momentum indicators RSI and is above their mid range also support bullish trend in dhaniya. Expecting that rising in price will continue in upcoming trading session. BUY DHANIYA APR ABOVE 9630 TGTS 9660,9710 SL 9580 SELL DHANIYA APR BELOW 9490 TGTS 9460,9410 SL 9540
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TODAY’S ECONOMIC EVENTS 2nd APRIL 2014
WEDNESDAY, APRIL 2 TIME
COUNTRY
EVENT
02:00
GBP
NATIONWIDE HPI (MOM)
0.8%
0.6%
02:00
GBP
NATIONWIDE HPI (YOY)
9.6%
9.4%
03:00
EUR
SPANISH UNEMPLOYMENT CHANGE
-5.3K
-1.9K
04:30
GBP
CONSTRUCTION PMI
63.0
62.6
05:00
EUR
GDP (QOQ)
0.3%
0.3%
05:00
EUR
GDP (YOY)
0.5%
0.5%
07:45
GBP
MPC MEMBER CUNLIFFE SPEAKS
08:15
USD
ADP NONFARM EMPLOYMENT CHANGE
195K
139K
10:00
USD
FACTORY ORDERS (MOM)
1.2%
-0.7%
16:00
USD
FOMC MEMBER BULLARD SPEAKS
17:45
BRL
BRAZILIAN INTEREST RATE DECISION
10.75%
10.75%
20:30
AUD
RETAIL SALES (MOM)
0.3%
1.2%
20:30
AUD
TRADE BALANCE
0.850B
1.433B
21:00
CNY
CHINESE NON-MANUFACTURING PMI
55.0
21:45
CNY
CHINESE HSBC SERVICES PMI
51.0
22:00
AUD
RBA GOVERNOR STEVENS SPEAKS
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