DAILY COMMODITY REPORT 3rd MARCH 2014
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DAILY MARKET WRAPUP 3rd MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30026.00
30400.00
30026.00
30089.00
0.16
12444
SILVER
05-MAR-14
46388.00
46740.00
46255.00
46505.00
-0.04
3751
CRUDEOIL
19-MAR-14
6339.00
6379.00
6309.00
6348.00
0.39
13075
COPPER
26-MAR-14
282.00
287.50
276.50
283.20
1.38
12887
LEAD
30-APR-14
443.00
444.35
440.10
442.65
-0.52
13284
NICKEL
31-MAR-14
900.90
913.40
896.20
898.20
1.37
5690
ZINC
31-MAR-14
132.80
133.80
131.15
132.60
-0.49
1956
NATURALGAS
31-MAR-14
128.95
129.30
128.20
128.70
0.12
2879
ALUMINIUM
31-MAR- 14
108.50
108.85
106.65
108.40
-1.01
3099
LME WAREHOUSE STOCKS (1-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-6100
COPPER
1875
LEAD
-200
NICKEL
-78
ZINC
-4125 Call us at +91-731-6642300
INTERNATIONAL MARKETS 3rd MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,321.60
0.00
0.00%
APR 14
GOLD SPOT
USD/T OZ.
1,326.39
-4.90
-0.37%
N/A
COMEX SILVER
USD/T OZ.
21.24
-0.11
-0.52%
MAY 14
COMEX COPPER
USD/LB.
318.75
-1.35
-0.42%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,446.25
-6.38
-0.44%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
102.59
0.00
0.00%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
109.07
+0.11
+0.10%
APR 14
RBOB GASOLINE
USD/GAL.
294.00
-3.74
-1.26%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.61
+0.10
+2.17%
APR 14
NYMEX HEATING OIL
USD/GAL.
301.63
+0.86
+0.29%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 3rd MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
107.37
107.88
108.32
108.83
109.27
COPPER
30-APR
439.65
441.15
442.75
444.25
445.85
CRUDEOIL
19-MAR
6278
6313
6366
6401
6454
GOLD
5-APR
29920
30004
30095
30179
30270
LEAD
31-MAR
130.70
131.65
132.20
133.15
133.70
NATURALGAS
26-MAR
274.27
278.73
281.77
286.23
289.27
NICKEL
31-MAR
878.9
888.5
894.3
903.9
909.7
SILVER
5-MAY
46960
47243
47603
47886
48246
ZINC
31-MAR
127.30
128.00
128.55
129.25
129.80
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MOST ACTIVE CONTRACTS 3rd MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
26-03-2014
287.10
1,85,81,399.10
64,721
SILVERMICRO
30-04-2014
47394.00
2,33,11,68,678.00
49,187
CRUDE OIL
19-03-2014
6373.00
29,88,55,462.00
46,894
SILVER M
30-04-2014
47396.00
1,14,12,95,680.00
24,080
COPPER
30-04-2014
440.35
90,51,394.25
20,555
NICKEL
31-03-2014
910.50
1,61,23,134.00
17,708
SILVER
05-03-2014
46486.00
76,71,58,458.00
16,503
COPPERMINI
30-04-2014
440.30
67,02,686.90
15,223
GOLD M
05-03-2014
30670.00
45,23,51,830.00
14,749
NICKELMINI
31-03-2014
910.50
1,31,34,873.00
14,426
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TODAY,S COMMODITY NEWS 3rd MARCH 2014
COMMODITY HEADLINES Silver down 0.3% on global cues US consumers demand higher caratage of gold 'Track gold miners' stocks to predict price trends' Nickel strengthens 0.2% on spot demand Copper down 0.2% on global cues Nickel up 0.1% on spot demand, global cues Coriander up 2.6% as demand picks up Sugar up 0.6% on spot demand, fall in output Chana up 2.9% on strong demand Oil prices up ahead of US stockpiles report Oil prices down in Asian trade Oil rebounds after G20 vows to spur global growth Mentha oil down 0.3% on sluggish demand MCX, NCDEX try to grab each other's market shares FMC might link trade positions with open interest
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COMMODITY BUZZ AND ECONOMIC EVENTS 3rd MARCH 2014
SPECIAL NEWS According to the second estimate released by the Bu-
COMMODITY BUZZ
available for the advance estimate issued last month.
Global warming will reduce the world's crop production by up to two percent every decade and wreak $1.45 trillion of economic damage by the end of this century, according to a draft UN report The planet's crop production will decline by up to two percent every decade as rainfall patterns shift and droughts batter farmland, even as demand for food rises a projected 14 percent, it said. Other effects from global warming include the loss of land to rising sea levels, forcing hundreds of millions of people to migrate from coastal areas, with the most vulnerable regions including East, South and Southeast Asia,
According to GDP data released by the Central Statis-
Government today hiked the import tariff value on gold
tics Office (CSO), Ministry of Statistics and Pro-
and silver to $433 per 10 grams and $699 per kg, respec-
gramme Implementation, India's quarterly GDP at fac-
tively, taking into account the volatility in the precious
tor cost at constant (2004-05) prices for Q3 of 2013-14
metals' global prices. Import tariff value is the base price
is estimated at Rs 14.8 lakh crore, as against Rs14.1
at which customs duty is determined to prevent under-
lakh crore in Q3 of 2012-13, showing a growth rate of
invoicing. The tariff value is revised on a fortnightly basis
4.7 per cent over the corresponding quarter of previ-
after analysing the global price trend. Till yesterday, the
ous year, after recording 4.80% growth in the Q2.
import tariff value on gold was at $421/10 grams,
reau of Economic Analysis, real gross domestic product, the output of goods and services produced by labor and property located in the United States increased at an annual rate of 2.4 percent in the fourth quarter of 2013(that is, from the third quarter to the fourth quarter),. In the third quarter, real GDP increased 4.1 percent. The GDP estimate released today is based on more complete source data than were
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EPIC RESEARCH– ANALYST SPEAKS 3rd MARCH 2014
SILVER
Silver future on last trading session closed at 46,362 with loss. On daily chart, silver future price trend up but momentum is bearish as correction is going on. Silver future Prices still above month and 3 month averages but significantly came down from top. Daily chart indicators are with bearish divergences and near supports. BUY SILVER(MAY) ABOVE 47700 TGTS 47950/48300 SL 47350 SELL SILVER(MAY) BELOW 47150 TGTS 46900/46550 SL 47500
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EPIC RESEARCH– ANALYST SPEAKS 3rd MARCH 2014
GOLD
Gold future on last trading session closed at 30,090 flat. On daily chart, gold price trend and momentum is bullish. Prices are trading above short term averages while indicators are with bullish divergences. BUY GOLD(APR) ABOVE 30050 TGTS 29970/29850 SL 30150 SELL GOLD(APR) BELOW 30220 TGTS 30300/30420 SL 30120
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EPIC RESEARCH– ANALYST SPEAKS 3rd MARCH 2014
GUARGUM
RESISTANCE 2
13036.70
RESISTANCE 1
13163.30
PIVOT
12873.30
SUPPORT 1
12746.70
SUPPORT 2
12583.30
Guargum March contract short term trend is "consolidate " Immediate support @ 12270 Immediate Resistance @ 13370. On Saturday Guargum March closed @ 12910 up by 1.3%. intraday range was 290 pts. trend is Sideways to bearish in daily chart.
BUY GURAGUM ABOVE 13370 TG 13420, 13500 SL 13280 SELL GURAGUM BELOW 12270 TG 12220 ,12170 SL 12360
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EPIC RESEARCH– ANALYST SPEAKS 3rd MARCH 2014
DHANIYA
RESISTANCE 2
9528.70
RESISTANCE 1
9587.30
PIVOT
9440.30
SUPPORT 1
9381.70
SUPPORT 2
9293.30
Dhaniya April on last trading session closed at 9470, a little up by 0.3% from the previous session. On daily chart, Dhaniya price trend and momentum is bullish. It’s Immediate support is @ 9320 and immediate resistance is @ 9500 BUY DHANIYA ABOVE 9500 TG 9530,9580 SL 9450 SELLDHANIYA BELOW 9320 TG 9290,9240 SL 9370
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TODAY’S ECONOMIC EVENTS 3rd MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
MONDAY, MARCH 3 ALL DAY
HOLIDAY
BRAZIL - CARNIVAL
05:20
JPY
CAPITAL SPENDING (YOY)
06:00
AUD
COMPANY GROSS OPERATING PROFITS (QOQ)
07:15
CNY
CHINESE HSBC MANUFACTURING PMI
13:43
EUR
SPANISH MANUFACTURING PMI
52.0
52.2
14:00
CHF
SVME PMI
56.0
56.1
14:13
EUR
ITALIAN MANUFACTURING PMI
52.8
53.1
14:18
EUR
FRENCH MANUFACTURING PMI
48.5
48.5
14:23
EUR
GERMAN MANUFACTURING PMI
54.7
54.7
14:28
EUR
MANUFACTURING PMI
53.0
53.0
14:58
GBP
MANUFACTURING PMI
56.5
56.7
19:00
CAD
RMPI (MOM)
1.0%
1.9%
19:00
USD
CORE PCE PRICE INDEX (MOM)
0.1%
0.1%
19:00
USD
PERSONAL SPENDING (MOM)
0.1%
0.4%
20:30
USD
ISM MANUFACTURING EMPLOYMENT
52.0
52.3
20:30
USD
ISM MANUFACTURING PMI
52.0
51.3
YOUR MINTVISORY
1.5% 2.0%
3.9% 48.3
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