DAILY COMMODITY REPORT 4th MARCH 2014
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DAILY MARKET WRAPUP 4th MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30192.00
30640.00
30192.00
30089.00
1.72
12730
SILVER
05-MAR-14
46362.00
47385.00
46362.00
46505.00
1.66
1071
CRUDEOIL
19-MAR-14
6387.00
6549.00
6387.00
6348.00
2.52
13481
COPPER
26-MAR-14
289.20
294.90
282.60
283.20
2.40
13387
LEAD
30-APR-14
439.10
439.80
436.80
442.65
-0.71
13574
NICKEL
31-MAR-14
907.10
916.90
903.10
898.20
1.03
6472
ZINC
31-MAR-14
131.35
131.50
130.05
130.60
-1.06
2239
NATURALGAS
31-MAR-14
128.40
129.70
127.60
128.70
0.62
3390
ALUMINIUM
31-MAR- 14
107.05
107.05
105.30
108.40
-2.48
3985
LME WAREHOUSE STOCKS (03-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-7475
COPPER
-2500
LEAD
+550
NICKEL
+510
ZINC
-3775 Call us at +91-731-6642300
INTERNATIONAL MARKETS 4th MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,352.10
+30.50
+2.31%
APR 14
GOLD SPOT
USD/T OZ.
1,350.99
+0.38
+0.03%
N/A
COMEX SILVER
USD/T OZ.
21.49
+0.24
+1.15%
MAY 14
COMEX COPPER
USD/LB.
316.90
-0.30
-0.09%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,456.00
-2.38
-0.16%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
104.78
-0.14
-0.13%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
111.14
-0.06
-0.05%
APR 14
RBOB GASOLINE
USD/GAL.
302.24
+4.50
+1.51%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.53
+0.03
+0.76%
APR 14
NYMEX HEATING OIL
USD/GAL.
308.31
+6.68
+2.21%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 4th MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-MAR
103.30
104.30
105.05
106.05
106.80
COPPER
30-APR
434.17
435.48
437.62
438.93
441.07
CRUDEOIL
19-MAR
6252
6319
6414
6481
6576
GOLD
5-APR
29861
30026
30329
30494
30797
LEAD
31-MAR
128.98
129.52
130.43
130.97
131.88
NATURALGAS
26-MAR
267.27
274.93
279.57
287.23
291.87
NICKEL
31-MAR
893.3
898.2
907.2
912.1
921.1
SILVER
5-MAY
47112
47406
47721
48015
48330
ZINC
31-MAR
126.13
126.87
128.23
128.97
130.33
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MOST ACTIVE CONTRACTS 4th 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 4th MARCH 2014
COMMODITY HEADLINES Elections results to influence gold prices Jewellers go slow on expansion as gold curbs hurt demand Bullion dealers to go on bandh on March 10 Nearly 15% SME foundries shut shop due to demand slump Zinc down 0.4% on global cues, subdued spot demand Nickel down 0.1% on overseas trends, subdued demand MPEDA's co-branding drive for seafood exports Odisha rice production may cross 80 lakh tonne by 2017: Assocham Potato down 2% on reduced offtake Weak rupee and demand slump pull down India's coal import growth Oil prices up ahead of US stockpiles report Oil prices down in Asian trade Low demand slashes cement prices by 10-13% in Ahmedabad Mentha oil up 1.1% on pick-up in demand Mustard seed output to rise 10% this year
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COMMODITY BUZZ AND ECONOMIC EVENTS 4th MARCH 2014
SPECIAL NEWS
COMMODITY BUZZ
Brent and US crude oil rallied more than $2 per barrel
Outcome of general elections due in April-May with pros-
to multi-month highs on Monday, lifted by rising ten-
pects of a stable new government would influ-
sion in Ukraine after Russian President Vladimir Putin
ence gold prices apart from equity markets, "Gold
declared he had the right to invade his neighbour.
prices in India may increase beyond Rs 32,000 per 10
Russia is the world's biggest oil producer and Ukrain-
grams in the coming few months in case the voters throw
ian Prime Minister Arseny Yatseniuk said Moscow's
up a highly fractured mandate leading to an unstable gov-
move to use military force was a "declaration of
ernment at the centre On the other hand, in case India
war"Brent crude hit a session peak of $111.24 per bar-
gets a decisive government after elections even within a
rel, its highest since January 2,
coalition framework, the investor bias will return towards equity and real estate and the gold may lose in the bargain
Government agencies have started to make physical
of portfolio shuffling.
checks of gold stocks held by wholesalers to ensure inventories match the amount imported by banks and
Silver prices went up by a whopping Rs 538 to Rs 46,900
state-run traders, an industry association said, as the
per kg in futures trade today after participants built-up
country steps up efforts to halt smuggling. The move
speculative positions, largely driven by a firming trend
could aggravate shortages in the physical market as au-
overseas. At the Multi Commodity Exchange, silver for
thorities seize gold without a valid provenance, boost-
delivery in March shot up by Rs 538, or 1.16%, to Rs
ing premiums, which rallied to a record of $160 an
46,900 per kg in a business turnover of 261 lots. Similarly,
ounce on London prices late last year.
the white metal for delivery in May rose by Rs 548, or 1.16%, to Rs 47,825 per kg in 929 lots.
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EPIC RESEARCH– ANALYST SPEAKS 4th MARCH 2014
SILVER
SILVER DAILY CHART TREND IS bullish consolidating in upper level. expecting will continue raily, RSI indicator is near to over bought zone. Immediate support @ 46200 immediate resistance @ 46820 BUY SILVER(MAY) ABOVE 48350 TGTS 48550/48850 SL 48000 SELL SILVER(MAY) BELOW 47700 TGTS 47500/47200 SL 48050
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EPIC RESEARCH– ANALYST SPEAKS 4th MARCH 2014
GOLD
GOLD Price is near to its resistance level trend is sideways to bullish, MACD is above mid range signs bullishness immediate support @30005 & immediate resistance @ 30185. BUY GOLD(APR) ABOVE 30670 TGTS 30750/30850 SL 30550 SELL GOLD(APR) BELOW 30350 TGTS 30270/30170 SL 30470
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EPIC RESEARCH– ANALYST SPEAKS 4th MARCH 2014
GUARGUM
RESISTANCE 2
13,123
RESISTANCE 1
12,997
PIVOT
12,913
SUPPORT 1
12,787
SUPPORT 2
12,703
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 4th MARCH 2014
DHANIYA
RESISTANCE 2
9565.7
RESISTANCE 1
9439.3
PIVOT
9339.7
SUPPORT 1
9213.3
SUPPORT 2
9113.7
Dhaniya for delivery in April rose by Rs 242, or 2.60% to Rs 9,546 per quintal with an open interest of 43080 lots. Immediate support @ 9220 Immediate Resistance @ 9390. BUY DHANIYA ABOVE 9390 TG 9410,9460 SL 9340 SELL DHANIYA BELOW 9220 TG 9190,9140 SL 9270
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TODAY’S ECONOMIC EVENTS 4th MARCH 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
TUESDAY, MARCH 4 04:30
KRW
SOUTH KOREAN CPI (YOY)
1.0%
1.1%
1.1%
06:00
AUD
BUILDING APPROVALS (MOM)
6.8%
2.0%
-1.3%
06:00
AUD
CURRENT ACCOUNT
-10.1B
-10.0B
-12.5B
09:00
AUD
INTEREST RATE DECISION
2.50%
2.50%
09:00
AUD
RBA RATE STATEMENT
13:30
EUR
SPANISH UNEMPLOYMENT CHANGE
74.2K
113.1K
15:00
GBP
CONSTRUCTION PMI
63.0
64.6
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