DAILY COMMODITY REPORT 25th MARCH 2014
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DAILY MARKET WRAPUP 25th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
29700
29700
29121
29159
-1.94%
8197
SILVER
05-MAY-14
44510
44510
43900
43949
-2.29%
14957
CRUDEOIL
21-APR-14
6111
6124
6043
6084
-0.07%
8433
NATURALGAS
26-MAR-14
264.4
264.7
259.1
259.6
-2.62%
6504
COPPER
30-APR-14
399.2
401.6
396
398.4
-0.49%
23541
NICKEL
31-MAR-14
974
984.7
966.8
977.5
+1.02%
8913
ALUMINIUM
31-MAR-14
103.1
103.35
102.55
102.95
+0.19%
5184
LEAD
31-MAR-14
125.6
125.6
123.8
124.05
-1.19%
3537
ZINC
31-MAR-14
118.25
118.45
117.45
117.55
-1.26%
2812
LME WAREHOUSE STOCKS (24-MAR- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-8200
COPPER
-2025
LEAD
UNCH
NICKEL
-54
TIN
-5
ZINC
-3675 Call us at +91-731-6642300
INTERNATIONAL MARKETS 25th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,314.00
-22.00
-1.65%
JUN 14
GOLD SPOT
USD/T OZ.
1,313.36
+4.60
+0.35%
N/A
COMEX SILVER
USD/T OZ.
20.03
-0.29
-1.40%
MAY 14
COMEX COPPER
USD/LB.
297.05
+2.00
+0.68%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,432.13
+2.88
+0.20%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
99.56
-0.04
-0.04%
MAY 14
CRUDE OIL (BRENT)
USD/BBL.
106.65
-0.16
-0.15%
MAY 14
RBOB GASOLINE
USD/GAL.
288.80
-0.29
-0.10%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.29
+0.02
+0.35%
APR 14
NYMEX HEATING OIL
USD/GAL.
291.20
-0.81
-0.28%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 25th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
102.15
102.55
102.95
103.35
103.75
COPPER
30-APR
393.07
395.73
398.67
401.33
404.27
CRUDEOIL
21-APR
6003
6043
6084
6124
6165
GOLD
5-APR
28748
28953
29327
29532
29906
LEAD
31-MAR
122.68
123.37
124.48
125.17
126.28
NATURALGAS
25-APR
257.23
259.07
262.13
263.97
267.03
NICKEL
31-MAR
958.4
968.0
976.3
985.9
994.2
SILVER
5-MAY
43510
43729
44120
44339
44730
ZINC
31-MAR
116.82
117.18
117.82
118.18
118.82
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MOST ACTIVE CONTRACTS 25th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
43995.00
2,96,72,42,775.00
67,445
CRUDE OIL
21-04-2014
6081.00
35,04,54,111.00
57,631
COPPER
30-04-2014
398.25
1,60,19,208.00
40,224
SILVER M
30-04-2014
43993.00
1,54,49,46,174.00
35,118
NATURAL GAS
26-03-2014
259.70
85,11,148.10
32,773
COPPERMINI
30-04-2014
398.40
1,06,98,633.60
26,854
NICKEL
31-03-2014
976.60
1,99,46,078.40
20,424
SILVER
05-05-2014
43960.00
86,36,82,120.00
19,647
GOLD M
04-04-2014
29206.00
49,89,55,304.00
17,084
NICKELMINI
31-03-2014
976.90
1,38,47,557.50
14,175
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TODAY,S COMMODITY NEWS 25th MARCH 2014
COMMODITY HEADLINES
No change in 80:20 rule for gold import. Short Covering Supports Turmeric. Copper Faces Double Trouble, After COT Report, China PMI Dec. Cardamom Off High On Selling Pressure. Gold Drops Towards One-Month Low As Stocks Fly but Climbs Back After Fall Near $1300. Philippines Rubber Marketing Mission visits in Indian Rubber Board. DMCC signs MoU with World Diamond Mark. Global Coffee supply deficit seen at 612,000 bags in 2014-15. India Silver imports surge 180% to 5500 tons in 2013. Pakistan’s Rice exports down 3% to 2.08 mn tons in Jul-Feb. Crude Oil supply growth accelerates posing downside risk to prices. RM Seeds market rises on short covering, open interest drops 1.38% . Ref Soya Oil market rises on short covering, open interest drops 3.21%
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COMMODITY BUZZ AND ECONOMIC EVENTS 25th MARCH 2014 SPECIAL NEWS DMCC (Dubai Multi Commodities Centre), Dubai’s and the
COMMODITY BUZZ Copper is facing double trouble after a series of data has aggra-
region’s global gateway for commodity trade and enterprise,
vated pain of the day traders. The prices were jostling with the
and World Diamond Mark (WDM) have signed a Memoran-
Commitment of Traders report showing rise in short positions.
dum of Understanding (MoU) to increase sustainable con-
The combined positions as on 18 March 2014 by Commitment of
sumer appeal and confidence in diamonds and the jewellery
Traders has shown that the long positions of Copper were down
industry.
by 3093 contracts to 29156 contracts from 32249 contracts on 11 March 2014.
U.S. manufacturing business conditions continued to improve at the end of the first quarter, as highlighted by the Markit
MCX Gold slipped further yesterday a break under Rs 30000 per
Flash U.S. Manufacturing Purchasing Managers' Index (PMI)
10 grams continued to bring follow up selling amid gloomy cues
registering 55.5 in March. The index, which is based on ap-
from global gold market. The shiny metal has come off its six-
proximately 85% of usual monthly replies, was down from
month high and pulled lower today in the electronic moves. The
57.1 in February but still the second-highest since Jan
COMEX Gold futures were sold off amid a positive session for
2013.Reports respondents cited improving economic funda-
global stocks and the metal is lingering around its one month low
mentals and, to a lesser degree, an on-going catch-up effect
of $1324, down $12 per ounce or 0.90% on the day. MCX Gold
following weather disruptions earlier in the year.
futures are trading at Rs 29466, down Rs 276 or 0.93% with the strength in Indian Rupee adding to the selling pressure.
The soft Chinese factory numbers capped the gains in oil. The HSBC data for March showed a drop to 48.1, compared to a
Crude Oil supply growth is accelerating while demand due to
forecast of 48.7 expected and to a final of 48.5 for the previous
cold weatehr and China imports have weakened which poses
month. A figure below 50 implies contraction with the latest
downside risk to oil prices. China's crude oil imports have fallen
number part of a string of disappointing China data suggesting
back from all-time highs and evidence has started to mount of a
a deepening economic slowdown at the start of 2014.
robut recovery in oil supply.
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EPIC RESEARCH– ANALYST SPEAKS 25th MARCH 2014
SILVER
SILVER MCX Short term trend is DOWN. Immediate support @ 44500. Immediate Resistance @ 46250 Yesterday SILVER MCX Closed @ 43949. Yesterday Intraday Range of SILVER MCX was 605. Open Interest was down +3.90 %, Volumes were 19770 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 44550 TGTS 44750/45100 SL 44200 SELL SILVER(MAY) BELOW 43850 TGTS 43550/43200 SL 44200 YOUR MINTVISORY
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EPIC RESEARCH– ANALYST SPEAKS 25th MARCH 2014
GOLD
GOLD MCX Short term trend is down. Immediate support @ 29100. Immediate Resistance @ 29410. Yesterday GOLD MCX Closed @ 29159 . Yesterday Intraday Range of GOLD MCX was 538. Open Interest was down -7.25 %, Volumes were 13450 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 29410 TGTS 29490/29590 SL 29290 SELL GOLD(APR) BELOW 29100 TGTS 29020/29920 SL 29220
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EPIC RESEARCH– ANALYST SPEAKS 25th MARCH 2014
GUARSEED
RESISTANCE 2
4747
RESISTANCE 1
4788
PIVOT
4710
SUPPORT 1
4662
SUPPORT 2
4618 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 @ 4690 and immediate resistance @4750 BUY GUARSEED ABOVE APR 4750 TGTS 4780,4830 SL 4700 SELL GUARSEED APR BELOW 4690 TGTS 4660,4610 SL 4740
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EPIC RESEARCH– ANALYST SPEAKS 25th MARCH 2014
DHANIYA
RESISTANCE 2
8969
RESISTANCE 1
9051
PIVOT
8850
SUPPORT 1
8779
SUPPORT 2
8671
Dhaniya daily chart price shows trend Bearish. the momentum indicator RSI is in mid range recommending sell on high, Immediate support @ 8820 and immediate resistance @ 8920 BUY DHANIYA APR ABOVE 8920 TGTS 8950,9000 SL 8870 SELL DHANIYA APR BELOW 8820 TGTS 8790,8740 SL 8870
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TODAY’S ECONOMIC EVENTS 25th MARCH 2014
TUESDAY, MARCH 25 TIME
COUNTRY
EVENT
10:15
AUD
RBA ASSIST GOV LOWE SPEAKS
14:30
EUR
GERMAN BUSINESS EXPECTATIONS
107.6
108.3
14:30
EUR
GERMAN CURRENT ASSESSMENT
114.6
114.4
14:30
EUR
GERMAN IFO BUSINESS CLIMATE INDEX
111.0
111.3
15:00
GBP
BBA MORTGAGE APPROVALS
50.0K
50.0K
15:00
GBP
CPI (YOY)
1.7%
1.9%
15:00
GBP
CPI (MOM)
0.5%
-0.6%
15:00
GBP
PPI INPUT (MOM)
0.3%
-0.9%
18:30
USD
S&P/CS HPI COMPOSITE - 20 (YOY)
13.3%
13.4%
19:30
USD
CB CONSUMER CONFIDENCE
78.6
78.1
19:30
USD
NEW HOME SALES
445K
468K
19:30
USD
NEW HOME SALES (MOM)
-4.9%
9.6%
21:30
EUR
ECB PRESIDENT DRAGHI SPEAKS
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