DAILY COMMODITY REPORT 20th MARCH 2014
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DAILY MARKET WRAPUP 20th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30211
30222
29926
29981
-0.61%
9037
SILVER
05-MAY-14
45990
46049
45227
45673
-0.24%
12871
CRUDEOIL
21-APR-14
6065
6095
6039
6063
-0.15%
5948
NATURALGAS
26-MAR-14
273.7
275.5
270.1
273.1
-0.11%
8131
COPPER
30-APR-14
401.95
407.7
391.8
406.5
+0.96%
20964
LEAD
31-MAR-14
126
131.1
124.3
127.4
-0.12%
3071
NICKEL
31-MAR-14
991
997.9
975.2
994.1
+0.34%
9559
ZINC
31-MAR-14
120.65
121.5
119.05
121.1
-0.17%
2415
ALUMINIUM
31-MAR-14
104.35
104.45
102.25
104
-0.29%
4960
LME WAREHOUSE STOCKS (19-MAR- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
208125
COPPER
-2025
LEAD
-625
NICKEL
366
TIN
95
ZINC
-2025 Call us at +91-731-6642300
INTERNATIONAL MARKETS 20th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,331.90
-9.40
-0.70%
APR 14
GOLD SPOT
USD/T OZ.
1,332.52
+2.93
+0.22%
N/A
COMEX SILVER
USD/T OZ.
20.70
-0.17
-0.80%
MAY 14
COMEX COPPER
USD/LB.
296.85
+1.70
+0.58%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,448.63
+1.13
+0.08%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
100.55
+0.18
+0.18%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
106.05
+0.20
+0.19%
MAY 14
RBOB GASOLINE
USD/GAL.
286.88
-3.40
-1.17%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.47
-0.01
-0.29%
APR 14
NYMEX HEATING OIL
USD/GAL.
290.42
-1.13
-0.39%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 20th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
101.37
102.68
103.57
104.88
105.77
COPPER
30-APR
386.10
396.30
402.00
412.20
417.90
CRUDEOIL
21-APR
6010
6036
6066
6092
6122
GOLD
5-APR
29747
29864
30043
30160
30339
LEAD
31-MAR
120.80
124.10
127.60
130.90
134.40
NATURALGAS
26-MAR
267.50
270.30
272.90
275.70
278.30
NICKEL
31-MAR
966.4
980.2
989.1
1002.9
1011.8
SILVER
5-MAY
44828
45250
45650
46072
46472
ZINC
31-MAR
118.10
119.60
120.55
122.05
123.00
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MOST ACTIVE CONTRACTS 20th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
45761.00
4,27,05,53,803.00
93,323
COPPER
30-04-2014
405.90
3,45,05,964.90
85,011
COPPERMINI
30-04-2014
405.85
1,98,24,554.95
48,847
SILVER M
30-04-2014
45760.00
2,08,52,83,200.00
45,570
NATURAL GAS
26-03-2014
273.20
99,00,768.00
36,240
CRUDE OIL
21-04-2014
6062.00
21,06,66,624.00
34,752
NICKEL
31-03-2014
993.30
3,15,74,027.10
31,787
SILVER
05-05-2014
45730.00
1,26,77,27,060.00
27,722
NICKELMINI
31-03-2014
993.70
2,26,08,662.40
22,752
GOLD PETAL
31-03-2014
3185.00
6,07,47,505.00
19,073
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TODAY,S COMMODITY NEWS 20th MARCH 2014
COMMODITY HEADLINES RBI allows 5 private banks to import gold. Some cause for hope on CAD control. Silver down 0.9% on weak global cues. Nickel up 0.4% on global cues, industrial demand. Copper down 0.7% on global cues, subdued demand. Aluminium down 0.3% on global cues. Cardamom down 0.4% on profit booking. Potato up 0.6% on pick-up in spot demand. Sugar output still shows effect of late crushing. Crude prices up after Crimea referendum. Oil prices ease in Asian trade. Oil prices ease on weak Chinese trade data. New FMC penalties for short collection of margin money. Mentha oil up 0.6% on higher export, local demand.
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COMMODITY BUZZ AND ECONOMIC EVENTS 20th MARCH 2014
SPECIAL NEWS India has allowed five major domestic private sector banks to import gold, partially easing some of the heavy. curbs initiated on the local gold imports during last year. India initiated an 80/20 rule in July, making it mandatory to export a fifth of all gold imports in the country to control the soaring CAD. Under that rule, only six banks and three state-run trading agencies that had facilitated export of gold or jewellery in the past three years were allowed to import. The Bank of England policymakers unanimously decided to maintain interest rate and quantitative easing as no member thought it appropriate to tighten, or to loosen, the stance of monetary policy at the current juncture. All nine members of the Monetary Policy Committee voted to retain the interest rate at 0.50 percent and quantitative easing at GBP 375 billion, the minutes of the meeting held on March 5 and 6 showed Wednesday. Headline inflation had fallen to below the 2% target for the first time in over four years. Meanwhile, wage growth had edged up. Nonetheless, all members agreed that the probability of inflation being above 2.5% in 18-24 months time remained less than 50 percent, the minutes showed.
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COMMODITY BUZZ Even as gold imports fell substantially, those of silver reached a record high in 2013. Sector estimates suggest India imported around 5,500 tonnes of silver, 180 per cent more than the previous year. The only earlier occasion when India imported more than 5,000 tonnes of silver in a year was in 2008. Traders needed to restock on silver; with gold costlier, there was a sudden rise in demand for silver jewellery, in India and in the export market. Also, prices were lower — these averaged $23.85 an ounce in 2013, from $31.17 in 2012, leading to higher demand. The price is down as its industrial demand is lagging, due to an overall slowing of economic activity; in 2014, so far, the average silver price has been $20.53 an oz. Gold tumbled for the third day as Ukraine crises eased amid recovery in US dollar. Meanwhile investors are looking for the outcome of the Federal Reserve policy meeting scheduled later Yesterday. Asian indices were settled mixed in cautious trade on Wednesday, as market players prepared for the outcome of the Federal Reserve's policy meeting and news on the fate of its bond buying program. Hong Kong's Hang Seng Index closed down 0.1%, China's Shanghai Composite Index inched down 0.17%, Australia's ASX/200 Index closed 0.21% higher, while Japan's Nikkei 225 Index ended up 0.36%.
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EPIC RESEARCH– ANALYST SPEAKS 20th MARCH 2014
SILVER
SILVER MCX Short term trend is UP. Immediate support @ 45500. Immediate Resistance @ 47000. Yesterday SILVER MCX Closed @ 45673. Yesterday Intraday Range of SILVER MCX was 823. Open Interest was down +5.10 %, Volumes were 26250 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 46050 TGTS 46250/46550 SL 45700 SELL SILVER(MAY) BELOW 45700 TGTS 45500/45150 SL 46050 YOUR MINTVISORY
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EPIC RESEARCH– ANALYST SPEAKS 20th MARCH 2014
GOLD
GOLD MCX Short term trend is down. Immediate support @ 30050. Immediate Resistance @ 30350 Today GOLD MCX Closed @ 29,981. Yesterday Intraday Range of GOLD MCX was 215. Open Interest was down -7.85 %, Volumes were 13420 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 30100 TGTS 30180/30280 SL 29980 SELL GOLD(APR) BELOW 29900 TGTS 29820/29720 SL 30000
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EPIC RESEARCH– ANALYST SPEAKS 20th MARCH 2014
GUARSEED
RESISTANCE 2
4641.70
RESISTANCE 1
4683.30
PIVOT
4593.30
SUPPORT 1
4556.7
SUPPORT 2
4513.3
Guarseed daily chart shows sideways to bearish trend. expecting price will go down momentum indicator RSI is below mid range, recommending sell on high. Immediate support @ 4720 and immediate resistance @ 4785. BUY GUARSEED APR ABOVE 4785 TGTS 4815,4865 SL 4735 SELL GUARSEED APR BELOW 4720 TGTS 4690,4640 SL 4770
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EPIC RESEARCH– ANALYST SPEAKS 20th MARCH 2014
DHANIYA
RESISTANCE 2
9573.70
RESISTANCE 1
9626.30
PIVOT
9503.30
SUPPORT 1
9450.7
SUPPORT 2
9380.30
Dhaniya daily chart price trend bullish. Profit booking has continued from past week. trend is bullish and fundamentally also supports its bullishness, the momentum indicator RSI left overbought zone. Immediate support @ 9380 and immediate resistance @ 9440 BUY DHANIYA APR ABOVE 9440 TGTS 9470,9520 SL 9390 SELL DHANIYA APR BELOW 9380 TGTS 9350,9300 SL 9430
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TODAY’S ECONOMIC EVENTS 20th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
THURSDAY, MARCH 20 03:15
NZD
GDP (QOQ)
12:30
EUR
GERMAN PPI (MOM)
12:45
JPY
BOJ GOVERNOR KURODA SPEAKS
16:30
GBP
18:00
0.9%
1.2%
0.1%
-0.1%
CBI INDUSTRIAL TRENDS ORDERS
5
3
USD
INITIAL JOBLESS CLAIMS
325K
315K
19:30
USD
EXISTING HOME SALES
4.60M
4.62M
19:30
USD
EXISTING HOME SALES (MOM)
0.4%
-5.1%
19:30
USD
PHILADELPHIA FED MANUFACTURING INDEX
3.8
-6.3
00:00
USD
FED CHAIR YELLEN SPEAKS
YOUR MINTVISORY
0.9%
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