DAILY COMMODITY REPORT 26th MARCH 2014
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DAILY MARKET WRAPUP 26th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
SILVER
05-May-14
43899
44163
43451
43508
-1.05
15717
GOLD
05-Apr-14
29110
29260
28863
28898
-0.97
7448
CRUDEOIL
21-Apr-14
6077
6094
5994
6024
-1.02
7240
NATURALGAS
26-Mar-14
259.6
266.5
258.8
265.6
+2.12
5191
COPPER
30-Apr-14
399
405.2
399
402.95
+1.15
20914
LEAD
31-Mar-14
124.4
125.2
124
124.4
+0.32
3251
NICKEL
31-Mar-14
982.7
988
967.9
969.5
-0.72
7975
ZINC
31-Mar-14
117.9
119.9
117.9
119.4
+1.49
2476
ALUMINIUM
31-Mar-14
103.1
104.1
102.8
103.35
+0.44
4511
LME WAREHOUSE STOCKS (25-MAR- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-7050
COPPER
3150
LEAD
UNCH
NICKEL
108
TIN
-30
ZINC
-3950 Call us at +91-731-6642300
INTERNATIONAL MARKETS 26th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,313.20
+2.10
+0.16%
JUN 14
GOLD SPOT
USD/T OZ.
1,313.06
+1.89
+0.14%
N/A
COMEX SILVER
USD/T OZ.
19.99
-0.08
-0.41%
MAY 14
COMEX COPPER
USD/LB.
300.35
+5.80
+1.97%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,421.13
+1.57
+0.11%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
99.33
-0.27
-0.27%
MAY 14
CRUDE OIL (BRENT)
USD/BBL.
107.16
+0.17
+0.16%
MAY 14
RBOB GASOLINE
USD/GAL.
289.45
+0.36
+0.12%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.41
-0.01
-0.14%
APR 14
NYMEX HEATING OIL
USD/GAL.
292.85
+1.69
+0.58%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 26th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-Mar
102.12
102.73
103.42
104.03
104.72
COPPER
30-Apr
396.18
399.57
402.38
405.77
408.58
CRUDEOIL
21-Apr
5937
5981
6037
6081
6137
GOLD
5-Apr
28610
28754
29007
29151
29404
LEAD
31-Mar
123.33
123.87
124.53
125.07
125.73
NATURALGAS
25-Apr
257.67
262.43
265.27
270.03
272.87
NICKEL
31-Mar
955.0
962.3
975.1
982.4
995.2
SILVER
5-May
42995
43252
43707
43964
44419
ZINC
31-Mar
117.07
118.23
119.07
120.23
121.07
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MOST ACTIVE CONTRACTS 26th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
43518.00
3,27,22,48,974.00
75,193
CRUDE OIL
21-04-2014
6022.00
44,19,48,558.00
73,389
SILVER M
30-04-2014
43519.00
1,78,74,99,406.00
41,074
COPPER
30-04-2014
403.00
1,65,02,447.00
40,949
NATURAL GAS
26-03-2014
265.10
85,08,914.70
32,097
COPPERMINI
30-04-2014
403.05
1,10,04,877.20
27,304
SILVER
05-05-2014
43489.00
96,70,64,893.00
22,237
NICKEL
31-03-2014
970.50
2,12,65,596.00
21,912
GOLD M
04-04-2014
28950.00
56,53,64,550.00
19,529
GOLD
05-04-2014
28875.00
47,46,76,125.00
16,439
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TODAY,S COMMODITY NEWS 26th MARCH 2014
COMMODITY HEADLINES Jeera prices rose by 0.95% to Rs 10,100 per quintal. Potato prices fell 0.29% to Rs 1,218 per quintal . Jeera for delivery in April rose by Rs 95, or 0.95%, to Rs 10,100 per quintal. Cardamom gained massively 17.65% from the low so far in 2014 . Gold extends losses on dollar strength, but remains best asset for hedging. WTO members raise concerns about India's Sugar export subsidy . Malaysia's Mar 1-25 Palm Oil exports fall 11.5% to 927290 tons . Silver down 0.7% on weak global cues. Nickel up 0.1% on firm demand, global cues. Wheat procurement: FCI may see stiff competition from private traders. Crude prices rise in Asian trade. Oil prices ease in Asian trade. Indian agencies are four of the five new distributors (termed ‘sightholders’ or also ‘suppliers of choice’) added for 2014-15 by De Beers.
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COMMODITY BUZZ AND ECONOMIC EVENTS 26th MARCH 2014 SPECIAL NEWS US short-term interest rates should hit 3% at the end of 2016, said Charles Plosser, the president of the Philadelphia Federal Reserve Bank on Tuesday, according to media reports. Plosser said he did not expect the Fed to be aggressive, but noted that his projections for rates are higher than most of his colleagues. He noted that there is a risk of volatility in the stock market as the Fed heads to the exit. This could be one of the unintended consequences of the Fed's policy. Plosser said he was puzzled by the market's response to Fed Chairwoman Janet Yellen's press conference. He said her timetable of a rate hike six months after the end of bond buying wasn't a wildly unexpected timeframe. The Consumer Prices Index the headline measure of inflation grew by 1.7% in the year ending February 2014, down from 1.9% in January, as per the release from the the National Statistics. The slowdown in inflation came primarily from the price movements of motor fuels. Petrol prices fell by 0.8% per litre between January and February this year compared with a rise of 4.0% per liter between the same two months a year ago. Similarly diesel prices fell by 0.8 pence per litre this year compared with a rise of 3.7 pence per liter a year ago. Other smaller downward effects came from gas and electricity, clothing and air transport. In each case, prices rose between January and February 2014 but by less than between the same two months a year ago.
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COMMODITY BUZZ Copper has started gaining on Tuesday after the hopes of Chinese stimulus measures have overtaken fears of decline in manufacturing numbers in the country. The hopes that China can unveil a policy to stimulate its weak economy has gained ground and sparking Copper. Indian Copper April expiry contract on MCX was trading at Rs 402.3 per kg, up 0.98%. Precious metals lost some of their allure as concerns over Ukraine ease and as U.S. short-term rates have risen. Gold hit a five-week low of $1,305.59 per once on Tuesday and last stood at $1,313.20 while silver dropped to seven-week low of $19.78 per once. US Gold futures further slipped to a low of $1308 per ounce before climbing back to $1314.3 in electronic trading on Tuesday. Cardamom futures slipped further on long liquidation triggered by strong arrivals in the auction. MCX April delivery ended the day at Rs 849.90, down Rs 18.30 or 2.11% over last close. Strong arrivals were keeping cardamom prices sluggish during the last year and upside may get capped in medium term. Indian crop was better on favorable weather last year and the harvesting is at end stage.
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EPIC RESEARCH– ANALYST SPEAKS 26th MARCH 2014
SILVER
SILVER MCX Short term trend is DOWN. Immediate support @ 44300. Immediate Resistance @ 44000. Today SILVER MCX Closed @ 43508 . Yesterday Intraday Range of SILVER MCX was 712. Open Interest was down +5.08 %, Volumes were 23244 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 43650 TGTS 43850/44200 SL 43300 SELL SILVER(MAY) BELOW 43300 TGTS 43100/42850 SL 43650 YOUR MINTVISORY
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EPIC RESEARCH– ANALYST SPEAKS 26th MARCH 2014
GOLD
GOLD MCX Short term trend is down,. Immediate support @ 28820. Immediate Resistance @ 29110. Yesterday GOLD MCX Closed @ 28898 . Yesterday Intraday Range of GOLD MCX was 397. Open Interest was down -9.25 %, Volumes were 17217lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 29110 TGTS 29190/29290 SL 28990 SELL GOLD(APR) BELOW 28820 TGTS 28760/28660 SL 28940
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EPIC RESEARCH– ANALYST SPEAKS 26th MARCH 2014
GUARSEED
RESISTANCE 2
4708
RESISTANCE 1
4787
PIVOT
4640
SUPPORT 1
4578
SUPPORT 2
4527
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 @ 4655 and immediate resistance @ 4600. BUY GUARSEED APR ABOVE 4655 TGTS 4685,4735 SL 4605 SELL GUARSEED APR BELOW 4600 TGTS 4570,4520 SL 4650
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EPIC RESEARCH– ANALYST SPEAKS 26th MARCH 2014
DHANIYA
RESISTANCE 2
8985
RESISTANCE 1
9104
PIVOT
8900
SUPPORT 1
8749
SUPPORT 2
8632
Dhaniya daily chart price shows trend Bearish. the momentum indicator RSI is below mid range recommending sell on high, Immediate support @ 8750 and immediate resistance @ 8860. BUY DHANIYA APR ABOVE 8860 TGTS 8890,8940 SL 8810 SELL DHANIYA APR BELOW 8750 TGTS 8720,8670 SL 8800
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TODAY’S ECONOMIC EVENTS 26th MARCH 2014
WEDNESDAY, MARCH 26 TIME
COUNTRY
EVENT
04:00
AUD
RBA ASSIST GOV LOWE SPEAKS
04:30
USD
FOMC MEMBER PLOSSER SPEAKS
06:00
AUD
RBA FINANCIAL STABILITY REVIEW
11:30
AUD
RBA GOVERNOR STEVENS SPEAKS
11:30
USD
FOMC MEMBER BULLARD SPEAKS
12:30
EUR
GFK GERMAN CONSUMER CLIMATE
8.5
8.5
18:00
USD
CORE DURABLE GOODS ORDERS (MOM)
0.3%
1.1%
18:00
USD
DURABLE GOODS ORDERS (MOM)
1.0%
-1.0%
YOUR MINTVISORY
ACTUAL FORECAST PREVIOUS
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