DAILY COMMODITY REPORT 14th MARCH 2014
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DAILY MARKET WRAPUP 14th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30537.00
30575.00
30332.00
30472.00
0.18
12208
SILVER
05-MAR-14
46829.00
47071.00
46411.00
46771.00
-0.06
23698
CRUDEOIL
19-MAR-14
6000.00
6038.00
5971.00
5983.00
0.58
9087
COPPER
26-MAR-14
276.00
276.00
277.60
277.40
-3.14
10899
LEAD
30-APR-14
402.10
404.40
399.15
402.70
-0.83
25582
NICKEL
31-MAR-14
952.60
970.60
952.10
955.30
1.39
10618
ZINC
31-MAR-14
123.95
124.30
122.80
123.85
-0.28
3880
NATURALGAS
31-MAR-14
121.75
122.00
120.50
121.35
-0.04
3500
ALUMINIUM
31-MAR- 14
105.80
106.00
104.60
106.00
-0.99
4430
LME WAREHOUSE STOCKS (13-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-9875
COPPER
-2100
LEAD
-225
NICKEL
-828
ZINC
1325 Call us at +91-731-6642300
INTERNATIONAL MARKETS 14th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,375.60
+5.10
+0.37%
APR 14
GOLD SPOT
USD/T OZ.
1,374.90
+4.62
+0.34%
N/A
COMEX SILVER
USD/T OZ.
21.30
-0.06
-0.27%
MAY 14
COMEX COPPER
USD/LB.
292.85
-3.35
-1.13%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,480.00
+3.56
+0.24%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
98.20
+0.21
+0.21%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
107.40
+0.01
+0.01%
APR 14
RBOB GASOLINE
USD/GAL.
293.00
-2.58
-0.87%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.35
-0.03
-0.75%
APR 14
NYMEX HEATING OIL
USD/GAL.
292.63
+0.08
+0.03%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 14th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
102.97
103.78
104.37
105.18
105.77
COPPER
30-APR
392.45
395.80
397.70
401.05
402.95
CRUDEOIL
19-MAR
5915
5943
5982
6010
6049
GOLD
5-APR
30136
30229
30389
30482
30642
LEAD
31-MAR
121.23
122.02
122.73
123.52
124.23
NATURALGAS
26-MAR
257.27
262.43
265.67
270.83
274.07
NICKEL
31-MAR
938.0
945.1
957.4
964.5
976.8
SILVER
5-MAY
45746
46079
46406
46739
47066
ZINC
31-MAR
119.00
119.75
120.50
121.25
122.00
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MOST ACTIVE CONTRACTS 14th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
46785.00
4,05,85,51,965.00
86,749
CRUDE OIL
19-03-2014
6018.00
37,43,85,798.00
62,211
NATURAL GAS
26-03-2014
268.70
1,56,03,140.30
58,069
COPPER
30-04-2014
399.35
1,89,59,141.25
47,475
SILVER M
30-04-2014
46780.00
2,07,52,54,360.00
44,362
COPPERMINI
30-04-2014
399.40
1,27,47,250.40
31,916
SILVER
05-05-2014
46741.00
1,10,76,68,218.00
23,698
NICKEL
31-03-2014
968.60
2,17,39,258.40
22,444
NICKELMINI
31-03-2014
968.70
1,80,65,286.30
18,649
LEADMINI
31-03-2014
123.45
22,22,840.70
18,006
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TODAY,S COMMODITY NEWS 14th MARCH 2014
COMMODITY HEADLINES
Gems and jewellery exports dip 4% to $3.59 bn in Feb Hawala premia slump on low gold demand Gold extends gains to 5-1/2 mth high on safe-haven demand Zinc up 0.2% on overseas cues, spot demand Zinc up 0.2% on spot demand, global cues Copper down 0.2% on weak global cues Oilseeds production in Gujarat estimated at 4.2 mn tonnes Coriander down 1.3% on weak demand, adequate supply Chana up 0.7% on pick-up in demand Oil prices ease on weak Chinese trade data Oil prices up on US jobs optimism, Ukraine Oil prices mixed as Ukraine fears recede Shah found 'not fit & proper' 6 years ago Imports to remain as peak season rubber output falls
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COMMODITY BUZZ AND ECONOMIC EVENTS 14th MARCH 2014
SPECIAL NEWS India's gems and jewellery exports in February fell by 4.15% to $ 3.59 billion due to sluggish demand in key markets such as the US and Europe. The exports have now dropped for the fourth month in a row. The overseas shipments are also contracting due to the curbs imposed by the government on gold imports. The imports declined 71.4 per cent, year-on-year, to $ 1.63 billion in February. For the 11-month period of the 2013-14 fiscal, the shipments have slipped by 7.15%, year-on-year, to $ 35.73 billion, an official in the com-
COMMODITY BUZZ Gold traded near a six-month high in New York, as investors weighed concern about tension between Ukraine and Russia and slowing Chinese economic growth against speculation prices climbed too fast. Bullion advanced 14 per cent this year, rebounding from the biggest annual drop since 1981, as concern economic growth in the US and China is slowing and the crisis in Ukraine spurred demand for a haven. China's retail sales, industrial output and investment last month trailed estimates, data showed on Thursday. The dollar reached the lowest level against the euro since 2011, while a technical gauge indicated gold may be set to retreat.
merce ministry said. In order to curb the current account deficit (CAD), Gold for April delivery lost 0.1 per cent to $1,368.90 an The U.S. Department of Labor reported today that the advance figure for seasonally adjusted initial claims was 315,000 for the week ending March 8,2014, a decrease of 9,000 from the previous week's revised figure of 324,000.The 4-week moving average was 330,500, a decrease of 6,250 from the previous week's revised average of 336,750.
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ounce by 7:32 am on the Comex in New York. It reached earlier today $1,375.70, the highest since September 10. Futures volume was 49 per cent above the average for the past 100 days for this time of day, data compiled by Bloomberg showed. Bullion for immediate delivery added 0.1 per cent to $1,368.43 in London The metal's 14-day relative strength index was at 68.5,
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EPIC RESEARCH– ANALYST SPEAKS 14th MARCH 2014
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 45500Immediate Resistance @ 48400 SILVER MCX Closed @46771.00 . Yesterday Intraday Range of SILVER MCX was 660. Open Interest was UP +6.28, Volumes were 22340 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 47050 TGTS 47250/47550 SL 46700 SELL SILVER(MAY) BELOW 46600 TGTS 46400/46050 SL 46950
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EPIC RESEARCH– ANALYST SPEAKS 14th MARCH 2014
GOLD
GOLD MCX Short term trend is UP, Immediate support @ 30050Immediate Resistance @ 30700 GOLD MCX Closed @ 30472.00 . Yesterday Intraday Range of GOLD MCX was 253. Open Interest was UP -1.85, Volumes were 12165 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 30580 TGTS 30660/30780 SL 30450 SELL GOLD(APR) BELOW 30410 TGTS 30330/30210 SL 30530
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EPIC RESEARCH– ANALYST SPEAKS 14th MARCH 2014
GUARSEED
RESISTANCE 2
4641.7
RESISTANCE 1
4683.3
PIVOT
4598.3
SUPPORT 1
4556.7
SUPPORT 2
4513.3
Guarseed daily chart has break symmetrical triangle pattern this signs bearishness expecting will continue in upcoming trading session. from last 2 days their is some pullback we have saw. expecting downfall will come now momentum indicator RSI below mid range that shows price may go down, recommending sell on high, Immediate support @ 4610 and immediate resistance @ 4705. BUY GUARSEED APR ABOVE 4705 TGTS 4735,4785 SL 4655 SELL GUARSEED APR BELOW 4610 TGTS 4580,4530 SL 4650
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EPIC RESEARCH– ANALYST SPEAKS 14th MARCH 2014
DHANIYA
RESISTANCE 2
9573.7
RESISTANCE 1
9626.3
PIVOT
9503.3
SUPPORT 1
9450.7
SUPPORT 2
9380.3
Dhaniya daily chart, price trend bullish. From here onwards expecting some profit booking will come. trend is bullish and fundamentally also supports its bullishness, momentum indicator RSI is in overbought zone Immediate support @ 9485 and immediate resistance @ 9570
BUY DHANIYA APR ABOVE 9570 TGTS 9600,9650 SL 9520 SELL DHANIYA APR BELOW 9485 TGTS 9455,9405 SL 9535
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TODAY’S ECONOMIC EVENTS 14th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
FRIDAY, MARCH 14 03:00
NZD
BUSINESS NZ PMI
05:20
JPY
MONETARY POLICY MEETING MINUTES
10:00
JPY
INDUSTRIAL PRODUCTION (MOM)
4.0%
4.0%
13:45
CHF
SWISS PPI (MOM)
-0.1%
0.0%
15:00
GBP
TRADE BALANCE
-8.60B
-7.72B
18:00
USD
CORE PPI (MOM)
0.1%
0.2%
18:00
USD
PPI (MOM)
0.2%
0.2%
19:25
USD
MICHIGAN CONSUMER SENTIMENT
82.0
81.6
YOUR MINTVISORY
56.2
56.3
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