DAILY COMMODITY REPORT 12th MARCH 2014
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DAILY MARKET WRAPUP 12th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30025.00
30335.00
29963.00
30123.00
0.41
12389
SILVER
05-MAR-14
45868.00
46786.00
45522.00
45973.00
-0.53
11399
CRUDEOIL
19-MAR-14
6155.00
6219.00
6105.00
6178.00
-0.71
10355
COPPER
26-MAR-14
282.60
286.40
280.00
281.00
0.07
12212
LEAD
30-APR-14
413.00
414.90
400.30
413.95
-2.17
23811
NICKEL
31-MAR-14
947.10
961.70
942.50
945.30
0.16
8022
ZINC
31-MAR-14
126.60
128.00
124.55
126.90
-1.85
3686
NATURALGAS
31-MAR-14
124.20
125.35
121.85
124.75
-2.00
3301
ALUMINIUM
31-MAR- 14
106.70
107.85
105.35
106.90
-1.31
3828
LME WAREHOUSE STOCKS (11-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-9025
COPPER
-7800
LEAD
-475
NICKEL
-486
ZINC
6450 Call us at +91-731-6642300
INTERNATIONAL MARKETS 12th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,347.50
+0.80
+0.06%
APR 14
GOLD SPOT
USD/T OZ.
1,349.54
+0.53
+0.04%
N/A
COMEX SILVER
USD/T OZ.
20.88
+0.06
+0.29%
MAY 14
COMEX COPPER
USD/LB.
294.65
-8.50
-2.80%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,467.50
+2.87
+0.20%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
99.44
-1.68
-1.66%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
108.33
-0.22
-0.20%
APR 14
RBOB GASOLINE
USD/GAL.
296.04
+1.10
+0.37%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.59
-0.02
-0.41%
APR 14
NYMEX HEATING OIL
USD/GAL.
295.54
-1.20
-0.40%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 12th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
102.15
103.75
104.65
106.25
107.15
COPPER
30-APR
382.43
391.37
397.03
405.97
411.63
CRUDEOIL
19-MAR
5972
6039
6086
6153
6200
GOLD
5-APR
29656
29810
30028
30182
30400
LEAD
31-MAR
119.47
121.88
123.17
125.58
126.87
NATURALGAS
26-MAR
272.60
276.30
279.00
282.70
285.40
NICKEL
31-MAR
919.6
931.1
938.8
950.3
958.0
SILVER
5-MAY
44087
44804
45351
46068
46615
ZINC
31-MAR
117.45
119.65
120.95
123.15
124.45
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MOST ACTIVE CONTRACTS 12th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
45977.00
4,95,18,60,831.00
1,07,703
CRUDE OIL
19-03-2014
6134.00
38,40,62,008.00
62,612
COPPER
30-04-2014
402.60
2,22,37,611.00
55,235
NATURAL GAS
26-03-2014
281.80
1,50,20,785.40
53,303
SILVER M
30-04-2014
45970.00
2,41,68,72,750.00
52,575
COPPERMINI
30-04-2014
402.60
1,42,12,585.20
35,302
NICKEL
31-03-2014
946.80
3,02,40,792.00
31,940
SILVER
05-05-2014
45950.00
1,38,21,30,050.00
30,079
NICKELMINI
31-03-2014
946.80
2,30,17,654.80
24,311
LEADMINI
31-03-2014
124.60
29,97,626.80
24,058
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TODAY,S COMMODITY NEWS 12th MARCH 2014
COMMODITY HEADLINES
Silver down 0.3% Jewellers say bandh a success Gold down 0.1% on weak global cues Global iron ore prices see worst single-day decline on China slowdown Growing stocks of aluminium lead to long queues, high premia Copper down 1.8% on global cues, subdued demand Soybean arrivals decline in MP market Retailers in Kerala hit hard by rising coconut prices Palm oil down 0.4% on sluggish demand, global cues Oil prices up on US jobs optimism, Ukraine Oil prices mixed as Ukraine fears recede Oil prices mixed, eyes on Ukraine crisis Mentha oil down 0.7% on profit-booking Govt might alter shareholding norms for comexes
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COMMODITY BUZZ AND ECONOMIC EVENTS 12th MARCH 2014
SPECIAL NEWS The industrial growth in UK was near-standstill in
COMMODITY BUZZ Gold prices moved down by 0.18% to Rs 30,075 per
January following severe weather conditions. A
10 gram in futures trade today after participants off-
drop in pharmaceutical products output also hurt
loaded partial positions, taking weak cues from the
the performance. The figures from the Office for
global market. At the Multi Commodity Exchange,
National Statistics stated that the storms and heavy
gold for delivery in April declined by Rs 55, or 0.18%,
rainfall made industrial production edge up just
to Rs 30,075 per 10 gram in business turnover of 212
0.1% in January from December. Production of
lots. Likewise, the metal for delivery in June shed Rs
pharmaceutical products--which tends to be vola-
42, or 0.14%, to Rs 29,400 per 10 gram in five lots
tile, slumped nearly 14% in January from December,
Silver prices fell by 0.30% to Rs 46,762 per kg in futures trade today as speculators trimmed their posi-
Imports of gold are likely to get further impacted,
tions despite a firming trend in the overseas markets.
with the effort to check the alleged misuse of the
At the Multi Commodity Exchange, silver for delivery
facility for non-resident Indians (NRIs) to bring
in July traded lower by Rs 143, or 0.30%, to Rs 46,762
some with their luggage. Last week, the finance
per kg in a business turnover of 32 lots. Similarly, the
ministry issued a notification after deciding there
white metal for delivery in May declined by Rs 134,
was enough evidence of Indians being hired (paid
or 0.29%, to Rs 45,839 per kg in a business volume of
tickets, plus commission) for this.
1,704 lots. In the international market
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EPIC RESEARCH– ANALYST SPEAKS 12th MARCH 2014
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 45500Immediate Resistance @ 48400 SILVER MCX Closed @45973.00. Yesterday Intraday Range of SILVER MCX was 1264. Open Interest was UP +2.08, Volumes were 29240 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 46200 TGTS 46400/46800 SL 45850 SELL SILVER(MAY) BELOW 45700 TGTS 45500/45200 SL 46050
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EPIC RESEARCH– ANALYST SPEAKS 12th MARCH 2014
GOLD
GOLD MCX Short term trend is DOWN, Immediate support @ 29700Immediate Resistance @ 30500 GOLD MCX Closed @30123.00 . Yesterday Intraday Range of GOLD MCX was 372. Open Interest was UP +3.05, Volumes were 17287 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 30370/30470 SL 30150 SELL GOLD(APR) BELOW 30130 TGTS 30050/29950 SL 30250
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EPIC RESEARCH– ANALYST SPEAKS 12th MARCH 2014
GUARSEED
RESISTANCE 2
4586.7
RESISTANCE 1
4723.3
PIVOT
4508.3
SUPPORT 1
4371.7
SUPPORT 2
4293.3
Guarseed daily chart has break symmetrical triangle pattern this signs bearishness expecting will continue in upcoming trading session. momentum indicator RSI below mid range that shows price may go down, recommending sell on high, Immediate support @ 4510 and immediate resistance @ 4630. BUY GUARSEED APR ABOVE 4630 TGTS 4660,4710 SL 4580 SELL GUARSEED APR BELOW 4510 TGTS 4480,4430 SL 4560
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EPIC RESEARCH– ANALYST SPEAKS 12th MARCH 2014
DHANIYA
RESISTANCE 2
9750.7
RESISTANCE 1
9855.3
PIVOT
9625.3
SUPPORT 1
9520.7
SUPPORT 2
9395.3
Dhaniya daily chart, price trend bullish and will go up in future trading session ,expecting for new high from here onwards. trend is bullish and fundamentally also supports its bullishness, momentum indicator RSI is in overbought zone Immediate support @ 9560 and immediate resistance @ 9700 BUY DHANIYA APR ABOVE 9700 TGTS 9730,9780 SL 9650 SELL DHANIYA APR BELOW 9560 TGTS 9530,9480 SL 9610
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TODAY’S ECONOMIC EVENTS 12th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
WEDNESDAY, MARCH 12 05:00
AUD
WESTPAC CONSUMER SENTIMENT
-0.70%
05:20
JPY
BSI LARGE MANUFACTURING CONDITIONS
12.5
11.3
9.7
05:20
JPY
TERTIARY INDUSTRY ACTIVITY INDEX (MOM)
0.9%
0.7%
-0.5%
06:00
AUD
HOME LOANS (MOM)
0.0%
-0.5%
-3.3%
10:30
JPY
BOJ MONTHLY REPORT
12:00
EUR
FRENCH NON-FARM PAYROLLS (QOQ)
0.1%
0.1%
15:00
GBP
TRADE BALANCE
-8.60B
-7.72B
15:30
EUR
INDUSTRIAL PRODUCTION (MOM)
0.5%
-0.7%
17:30
BRL
BRAZILIAN CPI (YOY)
5.64%
5.59%
23:30
USD
FEDERAL BUDGET BALANCE
-212.0B
-10.4B
23:30
USD
TREASURY SECRETARY LEW SPEAKS
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-3.00%
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