DAILY COMMODITY REPORT 19th MARCH 2014
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DAILY MARKET WRAPUP 19th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
SILVER
05-MAY-14
46600
46600
45555
45840
-2.01%
12616
GOLD
05-APR-14
30350
30350
30112
30205
-0.64%
10271
LEAD
31-MAR-14
125.25
126.6
124.25
126.25
+0.88%
2955
COPPER
30-APR-14
403
405.65
400.85
402.05
-0.04%
24532
NATURALGAS
26-MAR-14
277.6
277.9
273
273.5
-1.40%
8679
CRUDEOIL
19-MAR-14
5970
6085
5965
6077
+1.67%
5624
NICKEL
31-MAR-14
974
990.8
974
989.9
+1.74%
10037
ZINC
31-MAR-14
120
120.95
119.25
120.75
+0.79%
2597
ALUMINIUM
31-MAR-14
103.9
104.45
103.6
104.2
+0.48%
4819
LME WAREHOUSE STOCKS (18-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-9275
COPPER
18375
LEAD
-400
NICKEL
120
TIN
-5
ZINC
-3475 Call us at +91-731-6642300
INTERNATIONAL MARKETS 19th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,358.40
-0.60
-0.04%
APR 14
GOLD SPOT
USD/T OZ.
1,358.32
+2.54
+0.19%
N/A
COMEX SILVER
USD/T OZ.
20.88
-0.40
-1.86%
MAY 14
COMEX COPPER
USD/LB.
294.45
-0.75
-0.25%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,465.38
+6.75
+0.46%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
99.51
-0.19
-0.19%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
106.74
-0.05
-0.05%
MAY 14
RBOB GASOLINE
USD/GAL.
289.46
+1.35
+0.47%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.48
+0.01
+0.27%
APR 14
NYMEX HEATING OIL
USD/GAL.
290.65
-0.90
-0.31%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 19th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
103.23
103.72
104.08
104.57
104.93
COPPER
30-APR
398.05
400.05
402.85
404.85
407.65
CRUDEOIL
21-APR
5945
6008
6043
6106
6141
GOLD
5-APR
29984
30095
30222
30333
30460
LEAD
31-MAR
123.35
124.80
125.70
127.15
128.05
NATURALGAS
26-MAR
269.90
271.70
274.80
276.60
279.70
NICKEL
31-MAR
968.1
979.0
984.9
995.8
1001.7
SILVER
5-MAY
44953
45397
45998
46442
47043
ZINC
31-MAR
118.62
119.68
120.32
121.38
122.02
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MOST ACTIVE CONTRACTS 19th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
45831.00
4,55,45,47,287.00
99,377
CRUDE OIL
19-03-2014
6077.00
34,23,29,564.00
56,332
SILVER M
30-04-2014
45828.00
2,12,08,28,184.00
46,278
COPPER
30-04-2014
401.65
1,42,69,017.90
35,526
NATURAL GAS
26-03-2014
273.80
88,90,833.60
32,472
SILVER
05-05-2014
45800.00
1,14,28,93,200.00
24,954
COPPERMINI
30-04-2014
401.75
94,00,950.00
23,400
NICKEL
31-03-2014
989.70
2,03,09,633.70
20,521
GOLD M
04-04-2014
30372.00
46,34,76,720.00
15,260
LEADMINI
31-03-2014
126.15
18,83,924.10
14,934
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TODAY,S COMMODITY NEWS 19th MARCH 2014
COMMODITY HEADLINES Silver down 0.9% on weak global cues. Gold near six-month high on safe-haven bids amid Ukraine crisis. Copper awaits further decline on global economic worries. Nickel up 1.2% on firm demand, global cues. Zinc up 0.2% on overseas cues, spot demand. Sugar output down 8.5% till Mar 15 of this year: ISMA. Tea exports rise marginally in 2013. Chana up 1.5% on good demand, limited supply. Oil prices ease in Asian trade. Oil prices ease on weak Chinese trade data. Oil prices up on US jobs optimism, Ukraine. Mentha oil up 0.6% on higher export, local demand. Crude oil down 0.1% on weak Asian cues. Natural rubber imports jump 91% to 18,141 tonnes in Feb.
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COMMODITY BUZZ AND ECONOMIC EVENTS 19th MARCH 2014
SPECIAL NEWS
COMMODITY BUZZ
The construction on new US homes fell slightly in February, but in a sign that work will pick up as the weather warms, builders filed more permits to start new projects -- mainly on multi-dwelling units like condos and apartments. Housing starts slipped to an annual rate of 907,000 last month from an upwardly revised 909,000 in January.
There is more than one element of comfort when viewing the current account deficit (CAD) this financial year and the next. Gold import this year is expected to remain no more than half of 2012-13’s $53.8 billion and, as a result, the CAD will remain around $40 bn or two per cent of gross domestic product (GDP).
The ZEW Indicator of Economic Sentiment has decreased by 9.1 points to 46.6 points. The indicator reflecting the expert's assessment of the current economic situation for Germany has improved by 1.3pts in March, reaching a level of 51.3pts. Economic expectations for the euro zone have also lost ground in the current survey. The respective indicator has declined by 7.0pts and now stands the 61.5 threshold. The indicator for the current economic situation in the Eurozone has gained 3.5pts, reaching a level of minus 36.7 points in March.
Gold apart, several other elements that were pressure points in the past have been tapering, say senior economists. Coal import is rising in quantity terms but a softer price outlook might keep that under control. Metal scrap import is likely to come down with the iron mining scene improving. The possibility of resumption of mining in Goa improves the export scenario and the larger effect might be seen in 2014-15. The state government had held two auctions for ore, in which exporters participated.
German economic confidence index dropped more-thanexpected to 46.6 in March from 55.7 in February. The score was forecast to fall to 52. Economic expectations for Germany worsened in March burdened by Crimea crisis, survey data from the Centre for European Economic Research/ZEW revealed on Tuesday.
Silver prices fell by 0.90% to Rs 46,321 per kg in futures trade today as participants trimmed their positions, tracking a weakening trend in precious metals overseas.At the MCX, silver for delivery in May contracts fell by Rs 420, or 0.90%, to Rs 46,321 per kg in business turnover of 1,167 lots. Similarly, the white metal for delivery in far-month July declined by Rs 419, or 0.88%, to Rs 47,221 per kg in business volume of 27 lots.
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EPIC RESEARCH– ANALYST SPEAKS 19th MARCH 2014
SILVER
SILVER MCX Short term trend is UP. Immediate support @ 45500. Immediate Resistance @ 47000. Yesterday SILVER MCX Closed @ 45840. Yesterday Intraday Range of SILVER MCX was 945. Open Interest was down -1.80 %, Volumes were 24,954 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 46050 TGTS 46250/46550 SL 45700 SELL SILVER(MAY) BELOW 45700 TGTS 45500/45150 SL 46050 YOUR MINTVISORY
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EPIC RESEARCH– ANALYST SPEAKS 19th MARCH 2014
GOLD
GOLD MCX Short term trend is down, Immediate support @ 30050. Immediate Resistance @ 30350. Yesterday GOLD MCX Closed @ 30205 . Yesterday Intraday Range of GOLD MCX was 238. Open Interest was down -0.55 %, Volumes were 12751 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 3035/30450 SL 30150 SELL GOLD(APR) BELOW 30150 TGTS 30070/29970 SL 30270
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EPIC RESEARCH– ANALYST SPEAKS 19th 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 respecting resistance and come down momentum indicator RSI is in mid range, recommending sell on high, Immediate support @ 4700 and immediate resistance @ 4870.
BUY GUARSEED APR ABOVE 4870 TGTS 4900,4950 SL 4820 SELL GUARSEED APR BELOW 4700 TGTS 4670,4620 SL 4750
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EPIC RESEARCH– ANALYST SPEAKS 19th 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. Profit booking has continued from the past 4-5 days. trend is bullish and fundamentally also supports its bullishness, the momentum indicator RSI left overbought zone Immediate support @ 9380 and immediate resistance @ 9435 BUY DHANIYA APR ABOVE 9435 TGTS 9465,9515 SL 9385 SELL DHANIYA APR BELOW 9380 TGTS 9350,9300 SL 9430
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TODAY’S ECONOMIC EVENTS 19th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
WEDNESDAY, MARCH 19 03:15
NZD
CURRENT ACCOUNT
-1.43B
-1.41B
-4.88B
05:20
JPY
ADJUSTED TRADE BALANCE
-1.13T
-0.89T
-1.76T
05:20
JPY
EXPORTS (YOY)
9.8%
12.4%
9.5%
05:20
JPY
TRADE BALANCE
-800B
-590B
-2,790B
10:30
JPY
BOJ GOVERNOR KURODA SPEAKS
15:00
GBP
CLAIMANT COUNT CHANGE
-25.0K
-27.6K
15:00
GBP
MPC MEETING MINUTES
15:00
GBP
UNEMPLOYMENT RATE
7.2%
7.2%
18:00
CAD
WHOLESALE SALES (MOM)
1.0%
-1.4%
18:00
USD
CURRENT ACCOUNT
-88.0B
-94.8B
23:15
CHF
SNB CHAIRMAN THOMAS JORDAN SPEAKS
23:30
USD
FOMC ECONOMIC PROJECTIONS
23:30
USD
FOMC STATEMENT
23:30
USD
INTEREST RATE DECISION
0.25%
0.25%
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