DAILY COMMODITY REPORT 18th MARCH 2014
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DAILY MARKET WRAPUP 18th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30585.00
30737.00
30452.00
30549.00
0.18
11559
SILVER
05-MAR-14
46881.00
47877.00
46723.00
46734.00
0.72
40355
CRUDEOIL
19-MAR-14
6025.00
6085.00
6010.00
6021.00
0.43
7888
COPPER
26-MAR-14
269.50
272.90
266.60
268.90
1.26
10083
LEAD
30-APR-14
400.50
404.95
399.80
399.60
1.03
23584
NICKEL
31-MAR-14
967.90
978.60
963.70
969.80
-0.32
9271
ZINC
31-MAR-14
124.00
125.10
123.50
123.45
1.30
3331
NATURALGAS
31-MAR-14
121.55
121.95
120.50
121.25
0.29
3244
ALUMINIUM
31-MAR- 14
105.20
105.65
104.45
104.95
0.19
4401
LME WAREHOUSE STOCKS (15-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-11525
COPPER
-1975
LEAD
-550
NICKEL
378
ZINC
1200 Call us at +91-731-6642300
INTERNATIONAL MARKETS 18th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,362.40
-10.50
-0.76%
APR 14
GOLD SPOT
USD/T OZ.
1,359.55
-7.52
-0.55%
N/A
COMEX SILVER
USD/T OZ.
21.04
-0.37
-1.74%
MAY 14
COMEX COPPER
USD/LB.
295.65
+0.60
+0.20%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,461.00
-4.75
-0.32%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
97.90
-0.99
-1.00%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
106.38
+0.14
+0.13%
MAY 14
RBOB GASOLINE
USD/GAL.
288.11
-7.86
-2.66%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.54
+0.01
+0.11%
APR 14
NYMEX HEATING OIL
USD/GAL.
289.34
-4.97
-1.69%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 18th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-Mar
103.17
103.93
104.37
105.13
105.6
COPPER
30-Apr
399.93
403.27
405.13
408.47
408.5
CRUDEOIL
21-Apr
5961
6010
6046
6095
6095
GOLD
5-Apr
30296
30431
30510
30645
30645
LEAD
31-Mar
124.52
124.93
125.42
125.83
125.8
NATURALGAS
26-Mar
273.67
277.33
281.37
285.03
285
NICKEL
31-Mar
967.4
972.2
977.5
982.3
982.3
SILVER
5-May
46526
46798
47014
47286
47286
ZINC
31-Mar
119.17
120.08
120.62
121.53
121.5
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MOST ACTIVE CONTRACTS 18th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
47103.00
5,02,57,01,688.00
1,06,696
CRUDE OIL
19-03-2014
6047.00
36,90,36,316.00
61,028
SILVER M
30-04-2014
47100.00
2,58,84,27,600.00
54,956
NATURAL GAS
26-03-2014
272.30
1,30,73,939.90
48,013
COPPER
30-04-2014
403.70
1,48,60,600.70
36,811
SILVER
05-05-2014
47072.00
1,42,60,93,312.00
30,296
NICKEL
31-03-2014
966.70
2,66,22,918.00
27,540
COPPERMINI
30-04-2014
403.80
95,97,114.60
23,767
NICKELMINI
31-03-2014
966.40
1,92,88,377.60
19,959
GOLD M
04-04-2014
30735.00
56,42,02,395.00
18,357
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TODAY,S COMMODITY NEWS 18th MARCH 2014
COMMODITY HEADLINES Silver up 0.3% on global cues Gold near 6-month high in New York Gems and jewellery exports dip 4% to $3.59 bn in Feb Copper up 0.3% on short covering Lead up 0.5% on short-covering, firm global cues Zinc up 0.3% on spot demand Mango growers stare at a bitter harvest Tea production down 6% to 20.63 mn kg India's veg oil imports fall to 3-year low in February Oil prices ease in Asian trade Oil prices ease on weak Chinese trade data Oil prices up on US jobs optimism, Ukraine Mentha oil down 0.3% on low demand FMC to raise trade position limits Shah found 'not fit & proper' 6 years ago
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COMMODITY BUZZ AND ECONOMIC EVENTS 18th MARCH 2014
SPECIAL NEWS
COMMODITY BUZZ
Euro area annual inflation was 0.7% in February
Gold was trading near its highest level in over six
2014, down from 0.8% inJanuary. A year earlier
months
the rate was 1.8%. Monthly inflation was 0.3% in-
as Crimea voted to join Russia, heightening tensions
February 2014, as per the latest figures released by
between Moscow and the West. Bullion has gained 15
Eurostat, the statisticaloffice of the European Un-
percent this year as mounting geopolitical tensions
ion. The core inflation surged 1% in February
and fears over slowing economic growth spurred de-
201,after surging 0.80% in the last month.
mand for the metal seen as a safe-haven asset. Spot
on
Monday
on
weaker
equities
and
gold was trading flat at $1,381.34 an ounce by 0319 Forward Markets Commission (FMC) on Friday
GMT, after earlier hitting $1,391.76 - its highest since
suspended futures trade in agri-commodities on
September 9. Asian shares were near one-month lows.
Saturdays, and allowed evening trade in globallylinked farm items on weekdays with effect from
The prices of Copper faced a very rough week on the
April 1. FMC has already discontinued futures
back of fears from China. The manufacturing growth
trading in non-farm commodities on Saturdays
of China was already on the backside and further de-
from September 2013 .the rationale for futures
clines were registered from the default of one of the
trading in farm commodities on Saturdays does not
Chinese companies in bond market. Some investors
hold good because the global commodities futures
worry that a string of company defaults could dent
markets are closed on that day and this would
already fragile business activity. Others point to the
bring trading days at par with non-farm items.
widespread use of copper as collateral for bank loans,
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EPIC RESEARCH– ANALYST SPEAKS 18th MARCH 2014
SILVER
Last day a volatile trading session seen in MCX Silver. MA 50 and 100 giving positive crossover and RSI is also giving bullish signal. We expect price may trade in positive note for coming days
BUY SILVER(MAY) ABOVE 47500 TGTS 47750/48100 SL 47150 SELL SILVER(MAY) BELOW 46700 TGTS 46450/46100 SL 47050
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EPIC RESEARCH– ANALYST SPEAKS 18th MARCH 2014
GOLD
A firm recovery was seen in MCX Gold in last session, made high of 30737 and closed at 30595. Indian Govt has put on hold the import rats decision, which is supporting to the gold price. Not only domestic market, but COMEX Gold is also on recovery mode, closed at $1382, approx + $45 from previous week closing. For coming days we expect gold will trade in positive note.
BUY GOLD(APR) ABOVE 30660 TGTS 30740/30840 SL 30550 SELL GOLD(APR) BELOW 30430 TGTS 30350/30250 SL 30530
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EPIC RESEARCH– ANALYST SPEAKS 18th 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. price is in near to resistance expecting will go up momentum indicator RSI above mid range that shows price may go up, recommending buy on dips, Immediate support @ 4810 and immediate resistance @ 4855. BUY GUARSEED APR ABOVE 4855 TGTS 4885,4935 SL 4805 SELL GUARSEED APR BELOW 4810 TGTS 4780,4730 SL 4860
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EPIC RESEARCH– ANALYST SPEAKS 18th 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. From here onwards expecting some profit booking will come. trend is bullish and fundamentally also supports its bullishness, momentum indicator RSI near to overbought zone Immediate support @ 9430 and immediate resistance @ 9560 BUY DHANIYA APR ABOVE 9560 TGTS 9590,9640 SL 9410 SELL DHANIYA APR BELOW 9430 TGTS 9400,9350 SL 9480
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TODAY’S ECONOMIC EVENTS 18th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
TUESDAY, MARCH 18 06:00
AUD
MONETARY POLICY MEETING MINUTES
15:30
EUR
ZEW ECONOMIC SENTIMENT
67.3
68.5
15:30
EUR
GERMAN ZEW CURRENT CONDITIONS
52.0
50.0
15:30
EUR
GERMAN ZEW ECONOMIC SENTIMENT
53.0
55.7
18:00
CAD
MANUFACTURING SALES (MOM)
1.0%
-0.9%
18:00
USD
BUILDING PERMITS
0.960M
0.945M
18:00
USD
BUILDING PERMITS (MOM)
1.6%
-4.6%
18:00
USD
CORE CPI (YOY)
1.6%
1.6%
18:00
USD
CORE CPI (MOM)
0.1%
0.1%
18:00
USD
CPI (MOM)
0.1%
0.1%
18:00
USD
HOUSING STARTS
0.910M
0.880M
18:00
USD
HOUSING STARTS (MOM)
3.4%
-16.0%
18:30
USD
TIC NET LONG-TERM TRANSACTIONS
23.4B
-45.9B
21:10
CAD
BOC GOV POLOZ SPEAKS
23:15
GBP
BOE GOV CARNEY SPEAKS
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