DAILY COMMODITY REPORT 5th MARCH 2014
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DAILY MARKET WRAPUP 5th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30650.00
30650.00
30051.00
30631.00
-1.50
12205
SILVER
05-MAR-14
46992.00
47188.00
46278.00
47186.00
-1.40
1251
CRUDEOIL
19-MAR-14
6522.00
6520.00
6396.00
6505.00
-1.69
14500
COPPER
26-MAR-14
283.30
288.80
279.60
284.20
-0.07
12847
LEAD
30-APR-14
439.50
444.45
438.15
439.75
0.92
11877
NICKEL
31-MAR-14
913.80
942.20
910.60
916.20
2.44
9492
ZINC
31-MAR-14
131.15
132.60
130.45
131.35
0.69
2461
NATURALGAS
31-MAR-14
120.15
132.40
128.55
120.60
1.97
4681
ALUMINIUM
31-MAR- 14
106.00
108.25
105.45
105.80
2.17
2972
LME WAREHOUSE STOCKS (04-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-6800
COPPER
1475
LEAD
UNCHANGED
NICKEL
-198
ZINC
-4250 Call us at +91-731-6642300
INTERNATIONAL MARKETS 5th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,334.20
-16.10
-1.19%
APR 14
GOLD SPOT
USD/T OZ.
1,334.63
+0.16
+0.01%
N/A
COMEX SILVER
USD/T OZ.
21.20
-0.29
-1.33%
MAY 14
COMEX COPPER
USD/LB.
320.85
-0.60
-0.19%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,457.88
-5.87
-0.40%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
103.36
-1.56
-1.49%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
109.13
-0.17
-0.16%
APR 14
RBOB GASOLINE
USD/GAL.
297.99
-4.04
-1.34%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.63
-0.03
-0.71%
APR 14
NYMEX HEATING OIL
USD/GAL.
303.32
-4.73
-1.54%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 5th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-Mar
104.45
106.25
107.25
109.05
110.05
COPPER
30-Apr
435.78
439.72
442.08
446.02
448.38
CRUDEOIL
19-Mar
6291
6343
6436
6488
6581
GOLD
5-Apr
29688
29924
30287
30523
30886
LEAD
31-Mar
129.63
130.97
131.78
133.12
133.93
NATURALGAS
26-Mar
275.63
280.87
284.83
290.07
294.03
NICKEL
31-Mar
898.9
918.7
930.5
950.3
962.1
SILVER
5-May
46241
46726
47352
47837
48463
ZINC
31-Mar
127.22
129.73
131.07
133.58
134.92
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MOST ACTIVE CONTRACTS 5th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
47195.00
4,55,82,34,685.00
96,583
NATURAL GAS
26-03-2014
284.00
2,16,97,316.00
76,399
CRUDE OIL
19-03-2014
6398.00
45,15,70,840.00
70,580
SILVER M
30-04-2014
47193.00
2,26,74,82,071.00
48,047
NICKEL
31-03-2014
938.60
2,65,36,099.20
28,272
GOLD
05-04-2014
30173.00
69,14,14,295.00
22,915
NICKELMINI
31-03-2014
938.60
2,14,81,738.20
22,887
COPPER
30-04-2014
443.80
1,01,53,700.20
22,879
GOLD PETAL
31-03-2014
3101.00
6,71,49,054.00
21,654
LEADMINI
31-03-2014
132.20
23,46,021.20
17,746
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TODAY,S COMMODITY NEWS 5th MARCH 2014
COMMODITY HEADLINES
Silver down 0.3% on profit-booking Silver futures rise on global cues Elections results to influence gold prices: Study Zinc shed 0.5% on subdued demand Lead down by 0.3% on global trends Copper fall 0.3% on weak global cues 20% of UP's potato crop damaged due to rains Subsidy helps sugar mills export 1.35 mt in a month Sugar output down 11.7% Oil prices surge as Ukraine mobilises army Weak rupee and demand slump pull down India's coal import growth Oil prices up ahead of US stockpiles report India slips to rank 5 in rubber output; Vietnam, China ahead Mentha oil up 1.1% on pick-up in demand
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COMMODITY BUZZ AND ECONOMIC EVENTS 5th MARCH 2014
SPECIAL NEWS
COMMODITY BUZZ
The production of sugar in India dropped by10.63% to
Gold declined on Tuesday, after Russian troops reportedly
16.86 million tonnes in the October-February period
were called back to their bases, signaling an easing of ten-
of the ongoing 2013-14 marketing year, on lower out-
sions between Russia and Ukraine. Asian stock indices
put in most states, including Maharashtra and Uttar
were closed mostly higher on Tuesday, as investors re-
Pradesh. Mills had manufactured 18.84 million tonnes
turned to the market following the previous session's
of sugar in the same period of last marketing year
steep
(October-September), according to industry body In-
Ukraine. Hong Kong's Hang Seng index settled up 0.75%,
dian Sugar Mills Association (ISMA), media reports
China's Shanghai composite index shed 0.18%, Australia's
quoted yesterday.
ASX/200 index closed 0.29% lower, while Japan's Nikkei
decline,
fueled
by
heightened
tensions
in
225 Index ended up 0.47%. . Shipments of silver to India are set to fall from last year’s record level as investors anticipate an easing of
The COMEX gold April delivery quotes at $1,337.20 a
curbs on gold imports, and as a looming election draws
troy ounce, down $13.10, Silver March contract quotes at
off “black money” that may have been invested in the
$21.248 a troy ounce, down $0.237 from last close. Gold
precious metal. Lower silver demand in the world’s
futures rallied to $1,355.00 an ounce on Monday, the most
biggest consumer could weigh on prices, which have
since October 30, before trimming gains to settle at
recovered almost 10 per cent this year after a 36 per
$1,350.30, up 2.17%, or $28.70. Local Gold futures pared
cent slump last year, the biggest annual drop in almost
the prior gains tracking the fall in the international mar-
three decades.
ket amid strong Indian rupee
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EPIC RESEARCH– ANALYST SPEAKS 5th MARCH 2014
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 46200 Immediate Resistance @ 48400 SILVER MCX Closed @ 47186.00 Yesterday Intraday Range of SILVER MCX was 1111. Open Interest was DOWN -1.80%, Volumes were 23063 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 47750 TGTS 47950/48250 SL 47450 SELL SILVER(MAY) BELOW 46850 TGTS 46650/46350 SL 47150
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EPIC RESEARCH– ANALYST SPEAKS 5th MARCH 2014
GOLD
GOLD MCX Short term trend is UP, Immediate support @ 29700Immediate Resistance @ 30300 GOLD MCX Closed @ 30631.00 Yesterday Intraday Range of GOLD MCX was 599. Open Interest was DOWN -1.52%, Volumes were 22115 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 30280 TGTS 30360/30460 SL 30170 SELL GOLD(APR) BELOW 30050 TGTS 29970/29870 SL 30170
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EPIC RESEARCH– ANALYST SPEAKS 5th MARCH 2014
GUARGUM
RESISTANCE 2
12,997
RESISTANCE 1
13,132
PIVOT
12,913
SUPPORT 1
12,787
SUPPORT 2
12,703
NCDEX Guargum MARCH contract closed at 12770 on Tuesday. A sideways trend seen in Guargum. we expect price may more tapper in coming days. A bearish sentiment seen only below 12500 level. On the other hand a firm buying only above 13500.
BUY GURAGUM ABOVE 13000 TG 13050, 13130 SL 12910 SELL GURAGUM BELOW 12700 TG 12650 ,12570 SL 12790
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EPIC RESEARCH– ANALYST SPEAKS 5th MARCH 2014
DHANIYA
RESISTANCE 2
9439.3
RESISTANCE 1
9565.7
PIVOT
9339.7
SUPPORT 1
9213.3
SUPPORT 2
9113.7
A recovery trend seen in NCDEX Dhaniya APR contract on Tuesday, Although price taking resistance at 9350. SMA 50 standing at 9230 level and giving price to strong support. A firm upside seen only above 9550 level. BUY DHANIYA ABOVE 9440 TG 9470,9520 SL 9390 SELLDHANIYA BELOW 9350 TG 9320,9170 SL 9400
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TODAY’S ECONOMIC EVENTS 5th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
WEDNESDAY, MARCH 5 ALL DAY
BRAZIL - CARNIVAL
06:00
AUD
GDP (QOQ)
0.8%
0.7%
0.6%
06:00
AUD
GDP (YOY)
2.8%
2.5%
2.3%
07:15
CNY
CHINESE HSBC SERVICES PMI
13:43
EUR
SPANISH SERVICES PMI
55.0
54.9
14:13
EUR
ITALIAN SERVICES PMI
49.8
49.4
14:18
EUR
FRENCH SERVICES PMI
46.9
46.9
14:23
EUR
GERMAN SERVICES PMI
55.4
55.4
14:28
EUR
SERVICES PMI
51.7
51.7
14:58
GBP
SERVICES PMI
58.0
58.3
15:30
EUR
GDP (YOY)
0.5%
0.5%
15:30
EUR
GDP (QOQ)
0.3%
0.3%
15:30
EUR
RETAIL SALES (MOM)
0.8%
-1.6%
18:45
USD
ADP NONFARM EMPLOYMENT CHANGE
160K
175K
20:30
CAD
INTEREST RATE DECISION
1.00%
1.00%
20:30
USD
ISM NON-MANUFACTURING EMPLOYMENT
20:30
USD
ISM NON-MANUFACTURING PMI
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50.7
56.4 53.5
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