DAILY COMMODITY REPORT 7th MARCH 2014
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DAILY MARKET WRAPUP 7th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30082.00
30226.00
29900.00
30158.00
0.16
12691
SILVER
05-MAR-14
46953.00
47360.00
46436.00
47048.00
0.51
10233
CRUDEOIL
19-MAR-14
6263.00
6263.00
6142.00
6274.00
-1.99
13302
COPPER
26-MAR-14
280.50
287.00
276.70
280.00
1.29
13097
LEAD
30-APR-14
438.20
438.90
435.60
438.90
-0.63
15563
NICKEL
31-MAR-14
932.40
952.40
927.10
934.00
1.21
9740
ZINC
31-MAR-14
130.00
130.65
128.90
130.20
-0.35
3825
NATURALGAS
31-MAR-14
130.00
130.00
128.60
130.35
-1.27
3262
ALUMINIUM
31-MAR- 14
107.10
108.10
106.35
107.40
0.28
2695
LME WAREHOUSE STOCKS (06-MAR- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-6900
COPPER
-1500
LEAD
1325
NICKEL
-996
ZINC
8150 Call us at +91-731-6642300
INTERNATIONAL MARKETS 7th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,350.50
+10.20
+0.76%
APR 14
GOLD SPOT
USD/T OZ.
1,350.58
-0.24
-0.02%
N/A
COMEX SILVER
USD/T OZ.
21.55
-0.03
-0.13%
MAY 14
COMEX COPPER
USD/LB.
321.75
+1.50
+0.47%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,484.63
-1.06
-0.07%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
101.70
+0.25
+0.25%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
108.20
+0.10
+0.09%
APR 14
RBOB GASOLINE
USD/GAL.
294.59
+0.56
+0.19%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.64
-0.02
-0.43%
APR 14
NYMEX HEATING OIL
USD/GAL.
298.32
-0.90
-0.30%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 7th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
105.63
106.67
107.38
108.42
109.13
COPPER
30-APR
433.73
435.17
437.03
438.47
440.33
CRUDEOIL
19-MAR
6011
6064
6164
6217
6317
GOLD
5-APR
29780
29994
30115
30329
30450
LEAD
31-MAR
128.08
129.02
129.83
130.77
131.58
NATURALGAS
26-MAR
271.80
277.20
282.10
287.50
292.40
NICKEL
31-MAR
916.9
931.9
942.2
957.2
967.5
SILVER
5-MAY
46073
46633
46997
47557
47921
ZINC
31-MAR
127.73
128.27
129.13
129.67
130.53
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MOST ACTIVE CONTRACTS 7th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
26-03-2014
283.60
2,38,48,207.60
84,091
SILVERMICRO
30-04-2014
47300.00
3,89,34,99,500.00
82,315
CRUDE OIL
19-03-2014
6149.00
42,09,54,391.00
68,459
SILVER M
30-04-2014
47306.00
2,02,65,89,040.00
42,840
NICKEL
31-03-2014
945.30
2,61,81,974.10
27,697
NICKELMINI
31-03-2014
945.30
2,19,35,686.50
23,205
SILVER
05-05-2014
47290.00
97,69,64,110.00
20,659
COPPER
30-04-2014
436.15
89,96,029.90
20,626
GOLD M
04-04-2014
30415.00
62,25,95,050.00
20,470
LEADMINI
31-03-2014
129.80
25,64,588.40
19,758
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TODAY,S COMMODITY NEWS 7th MARCH 2014
COMMODITY HEADLINES
Silver futures marginally up on global cues Silver imports set to fall as govt may ease curbs on gold Silver down 0.3% on profit-booking Aluminium down 0.3% on global cues Zinc down by 0.4% on global cues Lead down by 0.5% on subdued spot demand Coffee output dips 12% in 2013-14 Australia cautions India over processed food exports Stable maize prices to aid starch makers Oil prices mixed, eyes on Ukraine crisis Oil prices surge as Ukraine mobilises army Weak rupee and demand slump pull down India's coal import growth Crude oil down 0.8% on weak Asian cues Govt push for plastic packing of foodgrains to hit jute mills
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COMMODITY BUZZ AND ECONOMIC EVENTS 7th MARCH 2014
SPECIAL NEWS
COMMODITY BUZZ
The purchasing managers' index for China's nonmanufacturing sector rose to 55 percent in February, from 53.4 percent in January. This marks the first rebound after a three-month decline. The sub-index for the service sector went up 2.3 percentage points to 53.8 percent. Construction edged down 1.1 percentage points to 59.9 percent. The index for the business outlook picked up 1.8 percentage points to just under 60.
Gold traded down for third day as investors shifted to equities on easing Ukraine crisis, meanwhile investors were looking for the policy decision by BOE, ECB and US Job data scheduled to release later yesterday European Union leaders are meeting in Brussels for a summit Thursday to discuss the Ukraine crisis and potential action the EU can take against Russia over its military actions in Crimea. Asian indices ended mostly higher on Thursday and European stocks were higher,
The steep fall in the country’s current account deficit (CAD) is being seen as a big relief and the equity and currency markets have responded positively. The correction was triggered by a sharp fall in gold import; these are likely to be half of what it was in 2012-13. The gold import bill was only $21 billion in the first three
quarters
of
this
year,
Asia
Economist
of Nomura Financial Services.“The curbs, along with lower gold prices, may lower imports to around $25
The COMEX gold April delivery quotes at $1,335.30, down $5 a troy ounce and May Silver quotes at $21.163 an ounce, down $0.108. Local Gold futures fell for third day tracking the weak global cues amid strong Indian rupee against greenback. Indian rupee appreciated to nearly two months high against the US dollar with the counter quotes at Rs 61.24, 0.86% appreciated over last close.MCX Gold April quotes at Rs 29,997, down Rs 165 per 10 grams
billion in FY14 from $53.8 billion in FY13 .
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EPIC RESEARCH– ANALYST SPEAKS 7th MARCH 2014
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 46200Immediate Resistance @ 48400 SILVER MCX Closed @47048.00 Yesterday Intraday Range of SILVER MCX was 924. Open Interest was UP +0.34%, Volumes were 21475 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 47500 TGTS 47700/48000 SL 47140 SELL SILVER(MAY) BELOW 46900 TGTS 46700/46400 SL 47250
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EPIC RESEARCH– ANALYST SPEAKS 7th MARCH 2014
GOLD
GOLD MCX Short term trend is UP, Immediate support @ 29700Immediate Resistance @ 30500 GOLD MCX Closed @ 30158.00. Yesterday Intraday Range of GOLD MCX was 335. Open Interest was UP +3.97%, Volumes were 18580 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 30270 TGTS 30350/30450 SL 30150 SELL GOLD(APR) BELOW 30120 TGTS 30040/29940 SL 30240
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EPIC RESEARCH– ANALYST SPEAKS 7th MARCH 2014
GUARSEED
RESISTANCE 2
4780
RESISTANCE 1
4815
PIVOT
4845
SUPPORT 1
4710
SUPPORT 2
4675
Guarseed daily chart shows sideways to bearishness will continue in upcoming trading session RSI & MACD is in below mid range that shows price may go down, recommending sell on high. Immediate support @ 4705 and immediate resistance @ 4790. BUY GUARSEED ABOVE 4790 TGTS 4820,4870 SL 4740 SELL GUARSEED BELOW 4705 TGTS 4675,4625 SL 4755
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EPIC RESEARCH– ANALYST SPEAKS 7th MARCH 2014
DHANIYA
RESISTANCE 2
9662.7
RESISTANCE 1
9771.3
PIVOT
9491.3
SUPPORT 1
9382.7
SUPPORT 2
9211.3
Dhaniya daily chart, price chart bullish and will go up in future trading session ,expecting from new high again from here onwards. trend is bullish and fundamentally also its bullish, momentum indicator RSI is near to overbought zone Immediate support @ 9505 and immediate resistance @ 9585
BUY DHANIYA ABOVE 9585 TGTS 9615,9665 SL 9535 SELL DHANIYA BELOW 9505 TGTS 9475,9425 SL 9555
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TODAY’S ECONOMIC EVENTS 7th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
FRIDAY, MARCH 7 04:00
AUD
RBA GOVERNOR STEVENS SPEAKS
12:15
CHF
UNEMPLOYMENT RATE N.S.A.
3.5%
3.5%
12:15
CHF
UNEMPLOYMENT RATE S.A.
3.2%
3.2%
13:45
CHF
SWISS CPI (MOM)
0.2%
-0.3%
16:30
EUR
GERMAN INDUSTRIAL PRODUCTION (MOM)
0.7%
-0.6%
19:00
CAD
EMPLOYMENT CHANGE
15.0K
29.4K
19:00
CAD
EXPORTS
40.00B
39.72B
19:00
CAD
LABOR PRODUCTIVITY (QOQ)
0.6%
0.2%
19:00
CAD
TRADE BALANCE
-1.60B
-1.66B
19:00
CAD
UNEMPLOYMENT RATE
7.0%
7.0%
19:00
USD
AVERAGE HOURLY EARNINGS (MOM)
0.2%
0.2%
19:00
USD
NONFARM PAYROLLS
149K
113K
19:00
USD
PRIVATE NONFARM PAYROLLS
154K
142K
19:00
USD
TRADE BALANCE
-39.00B
-38.70B
19:00
USD
UNEMPLOYMENT RATE
6.6%
6.6%
19:30
MXN
MEXICAN CPI (YOY)
4.20%
4.48%
22:30
USD
FOMC MEMBER DUDLEY SPEAKS
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