DAILY COMMODITY REPORT 6th MARCH 2014
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DAILY MARKET WRAPUP 6th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30191.00
30318.00
30080.00
30160.00
0.01
12553
SILVER
05-MAR-14
47204.00
47444.00
46980.00
47212.00
-0.15
10437
CRUDEOIL
19-MAR-14
6411.00
6419.00
6276.00
6395.00
-1.81
13652
COPPER
26-MAR-14
289.00
293.70
280.60
286.10
-1.36
13472
LEAD
30-APR-14
444.00
446.00
439.25
44365
-0.95
13579
NICKEL
31-MAR-14
937.00
949.50
934.20
938.60
-0.20
9080
ZINC
31-MAR-14
132.50
133.90
130.60
132.30
-1.21
3565
NATURALGAS
31-MAR-14
132.60
133.45
130.50
132.25
-1.25
3807
ALUMINIUM
31-MAR- 14
108.05
109.20
107.60
108.05
-0.42
2597
LME WAREHOUSE STOCKS (05-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-7750
COPPER
-1525
LEAD
-125
NICKEL
-564
ZINC
-1725 Call us at +91-731-6642300
INTERNATIONAL MARKETS 6th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,338.40
+0.50
+0.04%
APR 14
GOLD SPOT
USD/T OZ.
1,338.59
+1.73
+0.13%
N/A
COMEX SILVER
USD/T OZ.
21.26
+0.04
+0.18%
MAY 14
COMEX COPPER
USD/LB.
320.70
-0.75
-0.23%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,476.38
-1.87
-0.13%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
101.01
-0.44
-0.43%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
107.62
-0.14
-0.13%
APR 14
RBOB GASOLINE
USD/GAL.
293.25
-0.78
-0.27%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.57
+0.05
+1.08%
APR 14
NYMEX HEATING OIL
USD/GAL.
297.92
-6.15
-2.02%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 6th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
106.07
106.73
107.97
108.63
109.87
COPPER
30-APR
433.63
436.27
441.13
443.77
448.63
CRUDEOIL
19-MAR
6168
6221
6320
6373
6472
GOLD
5-APR
29947
30053
30185
30291
30423
LEAD
31-MAR
127.60
128.90
131.40
132.70
135.20
NATURALGAS
26-MAR
269.13
274.57
284.13
289.57
299.13
NICKEL
31-MAR
921.7
927.8
938.7
944.8
955.7
SILVER
5-MAY
46693
46871
47157
47335
47621
ZINC
31-MAR
128.08
129.22
131.33
132.47
134.58
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MOST ACTIVE CONTRACTS 6th MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
26-03-2014
282.20
2,40,90,003.00
85,365
CRUDE OIL
19-03-2014
6279.00
39,51,81,423.00
62,937
SILVERMICRO
30-04-2014
47160.00
2,74,45,23,360.00
58,196
SILVER M
30-04-2014
47161.00
1,49,51,45,183.00
31,703
LEADMINI
31-03-2014
130.70
30,16,163.90
23,077
NICKEL
31-03-2014
936.70
2,14,12,962.00
22,860
COPPER
30-04-2014
439.45
95,24,639.30
21,674
NICKELMINI
31-03-2014
936.70
1,71,58,470.60
18,318
ZINCMINI
31-03-2014
130.65
22,65,209.70
17,338
COPPERMINI
30-04-2014
439.45
75,14,595.00
17,100
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TODAY,S COMMODITY NEWS 6th MARCH 2014
COMMODITY HEADLINES Silver imports set to fall as govt may ease curbs on gold Silver down 0.3% on profit-booking Silver futures rise on global cues Nickel down by 0.4% on global trends Zinc shed 0.5% on subdued demand Lead down by 0.3% on global trends Palm oil prices may rise 6% on climate change Potato down 0.7% on reduced offtake Palm oil up 2.9% on spot demand, global cues 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 Mentha oil up 0.9% on rising demand Low demand pushes down cement prices in Gujarat
Mentha oil up 0.5% on higher export and local demand
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COMMODITY BUZZ AND ECONOMIC EVENTS 6th MARCH 2014
SPECIAL NEWS The euro area GDP rose by 0.3% during the fourth quarter of2013, compared with the previous quarter, according to second estimates published by Euro stat, the statistical office of the European Union. In the third quarter of 2013, GDP grew by 0.1% in the euro area Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.5% in the euro area in the fourth quarter of 2013, after falling 0.3% in the previous quarter UK service sector activity continued to rise at a healthy pace during February, supported by another marked increase in new business. Capacity remained under pressure, with backlogs up sharply and employment subsequently raised to the greatest degree since last October. Confidence in the outlook strengthened to the highest for nearly four and a half years. After accounting for seasonal factors, the headline business activity index recorded 58.2 during February.
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COMMODITY BUZZ Gold remained weak on strong dollar amid easing worries in Ukraine, as investors shifted their money to equities. The U.S. is to release the ADP private sector job reports, ISM service sector activity later yesterday. The Comex gold April delivery quotes at $1,334.20 an ounce, down $3.70 and the March Silver quotes at $21.258, up $0.036 from last day close. MCX Gold remained weak second day on weak global markets amid stronger local currency. The April Gold quotes at Rs 30,160, almost flat over last day close. Silver March quotes at Rs 46,570, up Rs 18 per 1 kg. MCX Crude oil futures stayed on a corrective course, easing from highs around Rs 6400 per barrel. Global crude oil prices also witnessed a mild correction ahead of the US weekly energy inventories data even as global equities stayed supported on receding geopolitical worries over Ukraine. WTI Crude oil quotes at $103, down 33 cents per barrel. MCX Crude oil quotes at Rs 6370, down Rs 25 per barrel or 0.40% on the day. Most of the global stock markets edged up today, extending their yesterday's momentum. The benchmark Nifty index in India added nearly half a percent while stocks in Taiwan
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EPIC RESEARCH– ANALYST SPEAKS 6th MARCH 2014
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 46200Immediate Resistance @ 48400 SILVER MCX Closed @47212.00 Yesterday Intraday Range of SILVER MCX was 464. Open Interest was UP +13.78%, Volumes were 16250 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 46850 TGTS 46650/46350 SL 47150
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EPIC RESEARCH– ANALYST SPEAKS 6th MARCH 2014
GOLD
GOLD MCX Short term trend is UP, Immediate support @ 29700 Immediate Resistance @ 30500 GOLD MCX Closed @30160.00 Yesterday Intraday Range of GOLD MCX was 238. Open Interest was UP +5.97%, Volumes were 17126 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 30320 TGTS 30400/30500 SL 30190 SELL GOLD(APR) BELOW 30050 TGTS 29970/29870 SL 30170
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EPIC RESEARCH– ANALYST SPEAKS 6th MARCH 2014
GUARGUM
RESISTANCE 2
13,233
RESISTANCE 1
13,067
PIVOT
12,863
SUPPORT 1
12,697
SUPPORT 2
12,493
Guargum 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 @ 12850 and immediate resistance @ 12980. BUY GURAGUM ABOVE 13100 TG 13150, 13230 SL 13010 SELL GURAGUM BELOW 12700 TG 12650 ,12570 SL 12790
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EPIC RESEARCH– ANALYST SPEAKS 6th MARCH 2014
DHANIYA
RESISTANCE 2
9288
RESISTANCE 1
9269
PIVOT
9434
SUPPORT 1
9515
SUPPORT 2
9580
In Dhaniya daily chart, it is consolidating in upper level, 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 @ 9410 and immediate resistance @ 9470 BUY DHANIYA ABOVE 9390 TG 9410,9460 SL 9340 SELLDHANIYA BELOW 9220 TG 9190,9140 SL 9270
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TODAY’S ECONOMIC EVENTS 6th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
THURSDAY, MARCH 6 00:30
USD
BEIGE BOOK
05:30
USD
FOMC MEMBER FISHER SPEAKS
06:00
AUD
RETAIL SALES (MOM)
1.2%
0.5%
0.7%
06:00
AUD
TRADE BALANCE
1.433B
0.270B
0.591B
13:30
GBP
HALIFAX HOUSE PRICE INDEX (MOM)
0.7%
1.1%
13:30
GBP
HALIFAX HOUSE PRICE INDEX (YOY)
7.2%
7.3%
16:30
EUR
GERMAN FACTORY ORDERS (MOM)
0.7%
-0.5%
17:30
GBP
BOE QE TOTAL
375B
375B
17:30
GBP
INTEREST RATE DECISION
0.50%
0.50%
18:15
EUR
INTEREST RATE DECISION
0.25%
0.25%
18:45
USD
FOMC MEMBER DUDLEY SPEAKS
19:00
CAD
BUILDING PERMITS (MOM)
1.0%
-4.1%
19:00
EUR
ECB PRESS CONFERENCE
19:00
USD
INITIAL JOBLESS CLAIMS
338K
348K
19:00
USD
NONFARM PRODUCTIVITY (QOQ)
2.5%
3.2%
19:00
USD
UNIT LABOR COSTS (QOQ)
-0.9%
-1.6%
20:30
CAD
IVEY PMI
54.0
56.8
20:30
USD
FACTORY ORDERS (MOM)
-0.4%
-1.5%
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