DAILY COMMODITY REPORT 27th MARCH 2014
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DAILY MARKET WRAPUP 27th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
29050
29050
28380
28571
-0.97
6444
SILVER
05-MAY-14
43528
43750
42870
43046
-0.82
15652
CRUDEOIL
21-APR-14
6020
6052
5996
6040
+0.30
9345
NATURALGAS
25-APR-14
267
267.7
263
266.4
-0.37
5628
COPPER
30-APR-14
403
404.2
395.5
397.1
-1.43
25145
LEAD
31-MAR-14
124.7
125.4
121.3
122.75
-1.17
3297
NICKEL
31-MAR-14
967
974.5
945.1
953.3
-1.74
6589
ZINC
31-MAR-14
119.65
120.5
117.65
117.95
-1.13
2325
ALUMINIUM
31-MAR-14
103.3
103.85
101.7
101.9
-1.40
5385
LME WAREHOUSE STOCKS (26-MAR- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-8200
COPPER
2925
LEAD
-75
NICKEL
1578
TIN
-35
ZINC
1550 Call us at +91-731-6642300
INTERNATIONAL MARKETS 27th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,305.30
+1.90
+0.15%
JUN 14
GOLD SPOT
USD/T OZ.
1,304.30
-0.18
-0.01%
N/A
COMEX SILVER
USD/T OZ.
19.78
-0.20
-1.02%
MAY 14
COMEX COPPER
USD/LB.
297.65
-2.90
-0.96%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,412.44
+7.19
+0.51%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
100.22
+1.03
+1.04%
MAY 14
CRUDE OIL (BRENT)
USD/BBL.
106.78
-0.25
-0.23%
MAY 14
RBOB GASOLINE
USD/GAL.
290.40
+2.12
+0.74%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.40
0.00
0.00%
APR 14
NYMEX HEATING OIL
USD/GAL.
291.94
-0.21
-0.07%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 27th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-Mar
100.33
101.12
102.48
103.27
104.63
COPPER
30-Apr
390.23
393.67
398.93
402.37
407.63
CRUDEOIL
21-Apr
5973
6007
6029
6063
6085
GOLD
5-Apr
27997
28284
28667
28954
29337
LEAD
31-Mar
119.05
120.90
123.15
125.00
127.25
NATURALGAS
25-Apr
261.00
263.70
265.70
268.40
270.40
NICKEL
31-Mar
928.2
940.8
957.6
970.2
987.0
SILVER
5-May
42342
42694
43222
43574
44102
ZINC
31-Mar
115.85
116.90
118.70
119.75
121.55
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MOST ACTIVE CONTRACTS 27th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
43180.00
3,34,16,57,020.00
77,389
CRUDE OIL
21-04-2014
6042.00
37,65,67,650.00
62,325
COPPER
30-04-2014
397.20
1,68,89,738.40
42,522
SILVER M
30-04-2014
43171.00
1,72,96,89,286.00
40,066
COPPERMINI
30-04-2014
397.20
1,19,32,682.40
30,042
NICKEL
31-03-2014
952.60
2,24,19,441.00
23,535
NATURAL GAS
25-04-2014
266.20
58,71,307.20
22,056
SILVER
05-05-2014
43151.00
92,14,89,605.00
21,355
NICKELMINI
31-03-2014
952.80
1,74,20,042.40
18,283
GOLD M
04-04-2014
28636.00
45,94,35,984.00
16,044
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TODAY,S COMMODITY NEWS 27th MARCH 2014
COMMODITY HEADLINES
Chana prices edged up by 0.09% to Rs 3,258 per quintal . Potato prices moved down by 1.17% to Rs 1,192 per quintal. Sugar merchants are struggling to sign new export deals. Nickel prices fell 0.28% to Rs 966.80 per kg. Copper prices declined 0.15% to Rs 406 per kg . Crude Oil for delivery in May traded at $99.94 a barrel during U.S. trading, up 0.76%.. Oil Flat After Breaching Past $100. Gold Bounces Back From $1300 Copper Remains In Rocky Region, Prices Correct From Top. Jeera Eases On Higher Arrivals, Profit Sales. Gold dips on robust U.S. durable goods orders.
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COMMODITY BUZZ AND ECONOMIC EVENTS 27th MARCH 2014 SPECIAL NEWS
COMMODITY BUZZ
The U.S. Census Bureau announced today that new orders for manufactured durable goods in February increased $5.0 billion or 2.2 percent to $229.4billion, after two consecutive monthly of decreases with a 1.3percent decrease in January 2014. Excluding transportation, new orders increased 0.2 percent, after surging 0.90% in the January month.
Cardamom futures bounced back from prior session's losses on short covering amid worries on crop prospects in the next season. The MCX Cardamom April delivery ended the day at Rs 865, up Rs 17.40 or 2.05% over last close.. Weather worries in the cardamom belts and export enquiries aided recent upside in the cardamom futures prices.
New Zeeland recorded an 818 million New Zealand dollar goods, or merchandise, trade surplus for February and a NZ$649 million surplus for the year ended February. China remained New Zealand's main export destination in February with exports to the country up 49% from the corresponding month a year earlier. Exports to Australia, New Zealand's second largest trading partner, slipped 0.3% on year. January's monthly trade surplus was revised down to NZ$286 million.
Nickel prices fell 0.28% to Rs 966.80 per kg in futures trading yesterday on emergence of profit-bookings by speculators at existing higher levels amid sluggish demand from alloy-makers in the spot market. At the Multi Commodity Exchange, nickel for delivery in March fell by Rs 2.70, or 0.28% to Rs 966.80 per kg in business turnover of 1805 lots.
Indonesian Export tax has not gone down well with the management of the Newmont Mining. The group has cut down the production of Indonesian Copper and Gold mine by 70% as per the recent report. Australia's earnings from resources and energy exports are expected to rise by 13% in the current fiscal year, as sharp rises in shipments and a weaker domestic currency offset falls in commodity prices.
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Copper prices declined 0.15% to Rs 406 per kg in futures trade today as speculators trimmed their positions in tandem with a weak global trend. At the Multi Commodity Exchange, copper for delivery in June declined by 60 paise, or 0.15% to Rs 406 per kg in business turnover of 108 lots. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in May traded at $99.94 a barrel during U.S. trading, up 0.76%. New York-traded oil futures hit a session low of $99.11 a barrel and a high of $100.13 a barrel.
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EPIC RESEARCH– ANALYST SPEAKS 27th MARCH 2014
SILVER
SILVER MCX Short term trend is DOWN, Immediate support @ 42850 Immediate Resistance @ 43600. SILVER MCX Closed @ 43046. Yesterday Intraday Range of SILVER MCX was 880. Open Interest was down +.80 %, Volumes were 21700 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 43460 TGTS 43660/44010 SL 43100 SELL SILVER(MAY) BELOW 42850 TGTS 42650/42300 SL 43200 YOUR MINTVISORY
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EPIC RESEARCH– ANALYST SPEAKS 27th MARCH 2014
GOLD
GOLD MCX Short term trend is down. Immediate support @ 28350. Immediate Resistance @ 29110. GOLD MCX Closed @28571. Yesterday Intraday Range of GOLD MCX was 670. Open Interest was down -12.05 %, Volumes were 15927 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 28710 TGTS 28790/28910 SL 28590 SELL GOLD(APR) BELOW 28360 TGTS 28280/28160 SL 28380
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EPIC RESEARCH– ANALYST SPEAKS 27th MARCH 2014
GUARSEED
RESISTANCE 2
4662
RESISTANCE 1
4683
PIVOT
4650
SUPPORT 1
4617
SUPPORT 2
4593
BUY GUARSEED APR ABOVE 4660 TGTS 4690,4740 SL 4615 SELL GUARSEED APR BELOW 4620 TGTS 4600,4550 SL 4665
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EPIC RESEARCH– ANALYST SPEAKS 27th MARCH 2014
DHANIYA
RESISTANCE 2
9138
RESISTANCE 1
9250
PIVOT
8870
SUPPORT 1
8819
SUPPORT 2
8612
BUY DHANIYA APR ABOVE 9050 TGTS 9080,9130 SL 9000 SELL DHANIYA APR BELOW 8930 TGTS 8900,8850 SL 8980
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TODAY’S ECONOMIC EVENTS 27th MARCH 2014
THURSDAY, MARCH 27 TIME
COUNTRY
EVENT
03:15
NZD
TRADE BALANCE (YOY)
650M
490M
310M
03:15
NZD
TRADE BALANCE (MOM)
818M
600M
286M
05:50
USD
FOMC MEMBER BULLARD SPEAKS
TENTATIVE
GBP
NATIONWIDE HPI (MOM)
0.8%
0.6%
TENTATIVE
GBP
NATIONWIDE HPI (YOY)
9.6%
9.4%
15:00
GBP
CORE RETAIL SALES (MOM)
0.3%
-1.5%
15:00
GBP
CORE RETAIL SALES (YOY)
2.8%
4.8%
15:00
GBP
RETAIL SALES (MOM)
0.5%
-1.5%
15:00
GBP
RETAIL SALES (YOY)
2.5%
4.3%
18:00
USD
FOMC MEMBER PIANALTO SPEAKS
18:00
USD
GDP (QOQ)
2.7%
2.4%
18:00
USD
GDP PRICE INDEX (QOQ)
1.6%
1.6%
18:00
USD
INITIAL JOBLESS CLAIMS
325K
320K
19:30
USD
PENDING HOME SALES (MOM)
0.3%
0.1%
YOUR MINTVISORY
ACTUAL FORECAST PREVIOUS
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