DAILY COMMODITY REPORT 10th MARCH 2014
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DAILY MARKET WRAPUP 10th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30202.00
30340.00
29930.00
30209.00
-0.33
12403
SILVER
05-MAR-14
47134.00
47424.00
45835.00
47194.00
-2.10
11651
CRUDEOIL
19-MAR-14
6161.00
6307.00
6131.00
6118.00
2.81
11424
COPPER
26-MAR-14
283.90
286.60
282.20
282.60
0.32
12211
LEAD
30-APR-14
436.05
437.15
421.20
436.60
-3.47
20752
NICKEL
31-MAR-14
945.30
950.80
932.20
947.00
-1.28
8309
ZINC
31-MAR-14
130.10
130.60
127.40
129.95
-1.65
4125
NATURALGAS
31-MAR-14
128.20
129.30
125.85
128.80
-2.02
3166
ALUMINIUM
31-MAR- 14
107.85
108.20
106.15
107.70
-1.02
3400
LME WAREHOUSE STOCKS (07-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
10825
COPPER
-3175
LEAD
UNCH
NICKEL
1254
ZINC
15875 Call us at +91-731-6642300
INTERNATIONAL MARKETS 10th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,331.60
-6.60
-0.49%
APR 14
GOLD SPOT
USD/T OZ.
1,333.76
-6.22
-0.46%
N/A
COMEX SILVER
USD/T OZ.
20.74
-0.19
-0.90%
MAY 14
COMEX COPPER
USD/LB.
303.45
-4.80
-1.56%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,472.31
-10.19
-0.69%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
102.42
-0.16
-0.16%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
108.63
-0.37
-0.34%
APR 14
RBOB GASOLINE
USD/GAL.
296.51
-0.87
-0.29%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.62
-0.00
-0.04%
APR 14
NYMEX HEATING OIL
USD/GAL.
299.69
-1.52
-0.50%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 10th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-Mar
104.93
105.77
106.98
107.82
109.03
COPPER
30-Apr
410.43
415.92
426.53
432.02
442.63
CRUDEOIL
19-Mar
6068
6187
6249
6368
6430
GOLD
5-Apr
29723
29927
30133
30337
30543
LEAD
31-Mar
125.38
126.57
128.58
129.77
131.78
NATURALGAS
26-Mar
279.63
281.47
284.03
285.87
288.43
NICKEL
31-Mar
921.2
928.9
939.8
947.5
958.4
SILVER
5-May
44899
45552
46488
47141
48077
ZINC
31-Mar
123.65
124.90
127.10
128.35
130.55
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MOST ACTIVE CONTRACTS 10th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
46236.00
4,60,31,17,452.00
99,557
CRUDE OIL
19-03-2014
6290.00
40,58,30,800.00
64,520
SILVER M
30-04-2014
46230.00
2,40,89,06,610.00
52,107
COPPER
30-04-2014
421.45
2,15,21,765.70
51,066
NATURAL GAS
26-03-2014
283.50
1,33,16,278.50
46,971
COPPERMINI
30-04-2014
421.40
1,51,49,751.40
35,951
NICKEL
31-03-2014
934.90
2,97,06,447.50
31,775
SILVER
05-05-2014
46201.00
1,32,68,46,519.00
28,719
NICKELMINI
31-03-2014
935.10
2,30,61,436.20
24,662
LEADMINI
31-03-2014
127.75
31,32,046.75
24,517
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TODAY,S COMMODITY NEWS 10th MARCH 2014
COMMODITY HEADLINES
Indian gold premiums fall to five-month low ahead of elections Lower CAD gives room to relax gold import curbs Silver futures marginally up on global cues Lead up 0.3% on rising demand, global cues Zinc up 0.2% on global cues Copper down 0.2% on weak global cues Despite lower arrivals, jaggery prices head south Castor seed among top-traded counters on NCDEX Soyameal exports fall 68% in February Oil prices mixed as Ukraine fears recede Oil prices mixed, eyes on Ukraine crisis Oil prices surge as Ukraine mobilises army Mentha oil down 0.5% on profit-booking Crude oil down 0.8% on weak Asian cues
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COMMODITY BUZZ AND ECONOMIC EVENTS 10th MARCH 2014
SPECIAL NEWS
COMMODITY BUZZ
Total nonfarm payroll employment in U.S. in-
India Bullion and Jewellers Association Ltd (IBJA) has
creased by 175,000 in February, and the unem-
declared March 10 as ‘black day’ and urged bullion
ployment rate was little changed at 6.7 percent, up
dealers and jewellery retailers to keep shops shut to
from 6.6% in January, the U.S. Bureau of Labor
protest alleged harassment by the customs. IBJA
Statistics reported today. Employment increased in
President Mohit Kamboj said, “Growing burden and
professional and business services and in wholesale
harassment from unfair norms announced over the
trade but declined in information.
last few years have been very disappointing and demoralizing for the gold jewellery exporters across In-
The global Corn futures soared to $5 a bushel lev-
dia. Recently, many such alleged cases of harassment
els yesterday on concerns of the Ukraine crisis and
have been reported not only from the customs at the
dryness in Brazil. Corn futures for May delivery,
airport
tested $5.0250 a bushel in Chicago, topping $5 a bushel for the first time since August last year. The
Gold and silver on the Mumbai spot market saw a
gains came amid continuing unease in Ukraine,
sharp correction due to rupee appreciation as well as
whose southern Crimea region will on March 16
cues from the international market. Gold closed at Rs
vote on joining Russia in a poll condemned in
30,300 per 10g, down 1.5 per cent. Silver closed at Rs
Kiev, and which has been seen as fuelling east-
46,300 a kg, down three per cent from Friday’s close.
west tensions over the crisis.
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EPIC RESEARCH– ANALYST SPEAKS 10th MARCH 2014
SILVER
Silver Price also falls after positive job claim data on Friday. we expect price may rise in couple of days. 45800 giving price immediate support and 47500 giving resistance to the price.
BUY SILVER(MAY) ABOVE 46750 TGTS 47000/47350 SL 46400 SELL SILVER(MAY) BELOW 45800 TGTS 45550/45200 SL 46150
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EPIC RESEARCH– ANALYST SPEAKS 10th MARCH 2014
GOLD
A sharp fall seen in MCX Gold after the US nonfarm payroll data showed the US created more jobs than expected. Although it manage to close above 30100 levels. tension between Ukraine and Rusia not over yet which is developing a positive factor for the bullions. Gold is taking support at 29900 level, while 30500 giving resistance to the price.
BUY GOLD(APR) ABOVE 30400 TGTS 30470/30570 SL 30300 SELL GOLD(APR) BELOW 30000 TGTS 29920/29820 SL 30100
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EPIC RESEARCH– ANALYST SPEAKS 10th MARCH 2014
GUARSEED
RESISTANCE 2
4693.30
RESISTANCE 1
4806.70
PIVOT
4621.7
SUPPORT 1
4508.30
SUPPORT 2
4436.70
Guarseed daily chart shows bearishness and expecting will continue in upcoming trading session momentum indicator RSI is in over sold zone that shows price may go down, recommending sell on high. Immediate support @ 4550 and immediate resistance @ 4630. BUY GUARSEED MAR ABOVE 4630 TGTS 4660,4710 SL 4580 SELL GUARSEED MAR BELOW 4550 TGTS 4520,4470 SL 4600
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EPIC RESEARCH– ANALYST SPEAKS 10th MARCH 2014
DHANIYA
RESISTANCE 2
9594.30
RESISTANCE 1
9641.70
PIVOT
954270
SUPPORT 1
9495.30
SUPPORT 2
9443.70
Dhaniya daily chart, price trend bullish and will go up in future trading session ,expecting for new high from here onwards. trend is bullish and fundamentally also supports its bullishness, momentum indicator RSI is near to overbought zone Immediate support @ 9490 and immediate resistance @ 9600 BUY DHANIYA APR ABOVE 9600 TGTS 9630,9680 SL 9550 SELL DHANIYA APR BELOW 9490 TGTS 9460,9610 SL 9540
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TODAY’S ECONOMIC EVENTS 10th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
MONDAY, MARCH 10
05:20
JPY
ADJUSTED CURRENT ACCOUNT
-0.59T
-0.59T
0.07T
05:20
JPY
CURRENT ACCOUNT N.S.A.
-1.589T
-1.411T
-0.639T
05:20
JPY
GDP (QOQ)
0.2%
0.3%
0.3%
05:20
JPY
GDP (YOY)
0.7%
1.0%
1.0%
13:45
CHF
RETAIL SALES (YOY)
3.3%
2.3%
17:45
CAD
HOUSING STARTS
185.0K
180.2K
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