DAILY COMMODITY REPORT 11th MARCH 2014
Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417)
HNI & NRI Sales Contact Australia
Toll Free Number
Mintara Road, Tarneit, Victoria. Post Code 3029
1-800-200-9454
Phone.: +61 422 063855
All queries should be directed to
2 RNT Marg. Opp Cental Mall Indore (M.P.)
Info@epicresearch.co
Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 YOUR MINTVISORY
HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315
Call us at +91-731-6642300
DAILY MARKET WRAPUP 11th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30063.00
30148.00
29956.00
30209.00
-0.32
12354
SILVER
05-MAR-14
45880.00
46200.00
45570.00
47194.00
-2.60
11637
CRUDEOIL
19-MAR-14
6307.00
6330.00
6156.00
6118.00
0.92
9604
COPPER
26-MAR-14
283.40
289.90
278.70
282.60
-0.80
11641
LEAD
30-APR-14
421.40
421.40
410.25
436.60
-5.21
21355
NICKEL
31-MAR-14
934.00
946.70
910.50
947.00
-0.24
7861
ZINC
31-MAR-14
127.05
127.40
124.70
129.95
-2.39
3681
NATURALGAS
31-MAR-14
125.55
126.05
123.00
128.80
-3.11
2935
ALUMINIUM
31-MAR- 14
106.30
106.95
105.25
107.70
-0.74
3280
LME WAREHOUSE STOCKS (10-MAR- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-7500
COPPER
-3600
LEAD
-175
NICKEL
+576
ZINC
+16375 Call us at +91-731-6642300
INTERNATIONAL MARKETS 11th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,338.20
-3.30
-0.25%
APR 14
GOLD SPOT
USD/T OZ.
1,339.48
-0.24
-0.02%
N/A
COMEX SILVER
USD/T OZ.
20.82
-0.11
-0.54%
MAY 14
COMEX COPPER
USD/LB.
303.50
+0.35
+0.12%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,474.88
-2.37
-0.16%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
100.97
-1.61
-1.57%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
107.86
-0.22
-0.20%
APR 14
RBOB GASOLINE
USD/GAL.
294.84
-2.54
-0.85%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.66
+0.01
+0.11%
APR 14
NYMEX HEATING OIL
USD/GAL.
296.30
-0.44
-0.15%
APR 14
YOUR MINTVISORY
Call us at +91-731-6642300
INTRADAY SUPPORT AND RESISTANCE 11th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
103.72
104.93
105.77
106.98
107.82
COPPER
30-APR
399.82
410.43
415.92
426.53
432.02
CRUDEOIL
19-MAR
6006
6068
6187
6249
6368
GOLD
5-APR
29517
29723
29927
30133
30337
LEAD
31-MAR
123.37
125.38
126.57
128.58
129.77
NATURALGAS
26-MAR
277.07
279.63
281.47
284.03
285.87
NICKEL
31-MAR
910.3
921.2
928.9
939.8
947.5
SILVER
5-MAY
43963
44899
45552
46488
47141
ZINC
31-MAR
121.45
123.65
124.90
127.10
128.35
YOUR MINTVISORY
Call us at +91-731-6642300
MOST ACTIVE CONTRACTS 11th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
26-03-2014
282.10
2,24,91,550.90
79,729
SILVERMICRO
30-04-2014
46009.00
3,06,01,96,617.00
66,513
CRUDE OIL
19-03-2014
6174.00
36,89,15,022.00
59,753
COPPER
30-04-2014
413.85
1,82,11,883.10
44,006
NICKEL
31-03-2014
944.70
3,44,31,480.90
36,447
SILVER M
30-04-2014
46014.00
1,59,25,44,540.00
34,610
COPPERMINI
30-04-2014
413.85
1,28,97,221.40
31,164
NICKELMINI
31-03-2014
944.90
2,60,60,342.00
27,580
LEADMINI
31-03-2014
126.85
25,33,701.90
19,974
SILVER
05-05-2014
45968.00
86,52,09,696.00
18,822
YOUR MINTVISORY
Call us at +91-731-6642300
TODAY,S COMMODITY NEWS 11th MARCH 2014
COMMODITY HEADLINES
Gold down 0.1% on weak global cues Silver down 0.9% on global cues Bullion traders call bandh on Monday Copper down 1.8% on global cues, subdued demand Lead down 0.9% on global cues, subdued demand Nickel down 1.2% on overseas cues, weak spot demand Chana up 0.6% on rising demand Potato up 0.2% as demand picks up Jeera down 1.6% on increased supply Oil prices up on US jobs optimism, Ukraine Oil prices mixed as Ukraine fears recede Oil prices mixed, eyes on Ukraine crisis 'Feb natural rubber imports double' Mentha oil up 1.1% on strong demand
YOUR MINTVISORY
Call us at +91-731-6642300
COMMODITY BUZZ AND ECONOMIC EVENTS 11th MARCH 2014
SPECIAL NEWS
COMMODITY BUZZ
The Federal Reserve may have to accelerate the pace
MCX Gold futures dropped to lows under Rs 30000 per 10
of tapering to take into account the economic pickup
grams today, following the weakness in the global prices.
currently ongoing in the US and the improving fore-
However, worries pertaining to Chinese economy trig-
cast for the near future, Federal Reserve Bank of
gered some buying in the yellow metal. Stocks dropped in
Philadelphia President Charles Plosser said Monday,
Asia today as Chinese exports sank 18.1% from a year ear-
according to media reports. We must back away from
lier in February, following a healthy 10.6% expansion in
increasing the degree of policy accommodation in a
January. Gold initially dropped as stocks plummeted but
manner commensurate with an improving economy,
soon found some buying support.
Global business optimism reached a two-year high in
The nationwide bandh on Monday called by the India
February, according to a survey conducted by Markit
Bullion and Jewellers Association Ltd (IBJA) to protest
based on responses from 11,000 companies. The sur-
government policies allegedly hampering trade was
vey, done three times a year, showed expectations
'successful,' with 90 per cent of retailers and traders in
about the year ahead rose sharply in the US, the euro
Maharashtra shutting shop. President Mohit Kamboj said
zone and the UK, with hiring and capital-spending in-
almost all wholesalers and makers, except big retailers,
tentions also up. However, business confidence in the
had joined the strike. . The IBJA had called for a strike to
BRIC countries has barely moved since sliding to a
protest alleged harassment of bullion dealers and jewellers
survey low in mid-2013
by government agencies affecting thereby the overall moral of gems and jewellery business very badly.
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 11th MARCH 2014
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 46200 Immediate Resistance @ 48400 SILVER MCX Closed @4719400. Yesterday Intraday Range of SILVER MCX was 630. Open Interest was UP +3.05, Volumes were 19030 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 46200 TGTS 46400/46800 SL 45850 SELL SILVER(MAY) BELOW 45750 TGTS 45550/45200 SL 46100
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 11th MARCH 2014
GOLD
GOLD MCX Short term trend is UP, Immediate support @ 29700Immediate Resistance @ 30500 GOLD MCX Closed @ 30209.00 . Yesterday Intraday Range of GOLD MCX was 192. Open Interest was UP +1.35, Volumes were 10345 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 30180 TGTS 30260/30360 SL 30060 SELL GOLD(APR) BELOW 30050 TGTS 29970/29870 SL 30170
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 11th MARCH 2014
GUARSEED
RESISTANCE 2
4723.3
RESISTANCE 1
4586.7
PIVOT
4508.3
SUPPORT 1
4371.7
SUPPORT 2
4293.3
Guarseed daily chart has break symmetrical triangle pattern this signs bearishness 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 @ 4430 and immediate resistance @ 4530. BUY GUARSEED MAR ABOVE 4530 TGTS 4560,4610 SL 4420 SELL GUARSEED MAR BELOW 4430 TGTS 4410,4360 SL 4480
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 11th MARCH 2014
DHANIYA
RESISTANCE 2
9855.3
RESISTANCE 1
9750.7
PIVOT
9625.3
SUPPORT 1
9520.7
SUPPORT 2
9395.3
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 @ 9595 and immediate resistance @ 9700 BUY DHANIYA APR ABOVE 9700 TGTS 9730,9780 SL 9650 SELL DHANIYA APR BELOW 9595 TGTS 9565,9515 SL 9645
YOUR MINTVISORY
Call us at +91-731-6642300
TODAY’S ECONOMIC EVENTS 11th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
TUESDAY, MARCH 11
06:00
AUD
NAB BUSINESS CONFIDENCE
12:30
EUR
GERMAN TRADE BALANCE
TENTATIVE
JPY
BOJ PRESS CONFERENCE
15:00
GBP
15:00
20:30
YOUR MINTVISORY
7
8
17.7B
18.5B
INDUSTRIAL PRODUCTION (MOM)
0.2%
0.4%
GBP
MANUFACTURING PRODUCTION (MOM)
0.3%
0.3%
GBP
NIESR GDP ESTIMATE
0.8%
Call us at +91-731-6642300
DISCLAIMER 11th MARCH 2014 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