DAILY COMMODITY REPORT 28th FEBRUARY
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DAILY MARKET WRAPUP 28th FEBRUARY COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30090
30185
30010
30089
+0.17%
12134
SILVER
05-MAR-14
46804
46924
46289
46505
-0.18%
6875
CRUDEOIL
19-MAR-14
6386
6419
6331
6348
-0.77%
11296
COPPER
28-FEB-14
445
446.45
442.55
443.1
-0.27%
6125
NATURALGAS
26-MAR-14
282.2
284.8
277.3
283.2
-0.63%
10879
LEAD
28-FEB-14
130.9
131.65
129.95
131.5
+0.04%
2286
NICKEL
28-FEB-14
883.3
894.8
879
893.2
+0.94%
2567
ZINC
28-FEB-14
128.6
129.75
128.35
129.5
+0.35%
2409
ALUMINIUM
28-FEB-14
106.8
107.25
106.3
107.1
-0.42%
2021
LME WAREHOUSE STOCKS (27-FEB- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-6950
COPPER
-2050
LEAD
-150
NICKEL
-186
TIN
50
ZINC
-3450 Call us at +91-731-6642300
INTERNATIONAL MARKETS 28th FEBRUARY
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,332.50
+0.70
+0.05%
APR 14
GOLD SPOT
USD/T OZ.
1,331.13
-0.16
-0.01%
N/A
COMEX SILVER
USD/T OZ.
21.32
+0.03
+0.15%
MAY 14
COMEX COPPER
USD/LB.
320.45
+0.35
+0.11%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,450.63
-2.00
-0.14%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
102.05
-0.54
-0.53%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
108.88
-0.08
-0.07%
APR 14
RBOB GASOLINE
USD/GAL.
275.64
-0.54
-0.20%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
4.48
-0.03
-0.62%
APR 14
NYMEX HEATING OIL
USD/GAL.
308.00
-4.81
-1.54%
MAR 14
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INTRADAY SUPPORT AND RESISTANCE 28th FEBRUARY
COMMODITY
EXPIRY
SUP.2
SUP.1
PIVOT
RES.1
RES.2
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 28th FEBRUARY
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
26-03-2014
282.40
1,89,86,599.20
67,233
CRUDE OIL
19-03-2014
6348.00
25,63,70,328.00
40,386
SILVERMICRO
28-02-2014
46560.00
1,50,90,09,600.00
32,410
SILVER M
28-02-2014
46560.00
86,53,17,600.00
18,585
SILVER
05-03-2014
46558.00
49,78,44,694.00
10,693
LEADMINI
28-02-2014
131.40
12,21,363.00
9,295
NICKEL
28-02-2014
892.80
64,52,265.60
7,227
GOLD
05-04-2014
30092.00
21,65,72,124.00
7,197
COPPER
28-02-2014
443.40
29,41,072.20
6,633
NICKELMINI
28-02-2014
892.80
50,03,251.20
5,604
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TODAY,S COMMODITY NEWS 28th FEBRUARY
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 up 0.1% on spot demand, global cues. Copper extend weakness on global cues. Zinc rises 0.24% on global cues. Hybrid seeds new growth area in agro-chemicals. Dairy sector upbeat on revenue growth in FY14. Onion price rises 50% in 2 weeks. Oil prices up ahead of US stockpiles report. Oil prices down in Asian trade. Oil rebounds after G20 vows to spur global growth. FMC might link trade positions with open interest. Mentha oil up 0.6% on pick up in demand. Rubber imports fill demand-supply gap.
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COMMODITY BUZZ AND ECONOMIC EVENTS 28th FEBRUARY
SPECIAL NEWS
COMMODITY BUZZ
Japanese consumer prices rose a bit more sharply than ex-
Jignesh Shah-promoted Financial Technologies (FTIL) ap-
pected in January, government data showed Friday, as the
pointed a committee to oversee its restructuring plan, which
economy crawls out of more than a decade of deflation. The
includes divesting up to 24 per cent stake in the Multi-
nationwide core consumer price index rose 1.3% from a year
Commodities Exchange (MCX). At a meeting, the board ap-
earlier in January, gaining for the eighth month in a row, the
pointed a panel to propose and oversee a restructuring plan
Ministry of Internal Affairs and Communications said. The
for FTIL in its efforts to charter a new growth path The plan
index, which strips out volatile costs of perishables, also
will also include FTIL divesting up to 24 per cent in MCX in
climbed 1.3% in December, then the sharpest rise in over five
the long-term interest of both FTIL and MCX. The committee
years. Hopes are rising that Japan is finally winning its battle
may consider divestment of FTIL's investment in other ex-
against 15 years of deflation, which has inhibited growth by
changes as a part of the restructuring.
reducing revenue. Bullion reversed early losses and rose to its highest in four U.K. consumers were more optimistic in February about the
months on Wednesday as data raised questions about the
outlook for the economy over the coming 12 months, but less
strength of the US economy, burnishing gold's safe-haven ap-
prepared to make major purchases, a survey showed Fri-
peal. Investors have poured back into the metal on worries
day.Based on a survey of 2,000 people conducted between Jan.
about economic conditions in the United States and also
31 and Feb. 16, the headline measure of consumer confidence
China, which is now dealing with unprecedented growth in
from research firm GfK was unchanged at -7. But details of
corporate debt. Gold was up 0.22 per cent at $1,343.10 an
the survey showed that consumers were more upbeat about
ounce as of 0700 GMT after touching $1,345.35, its highest
the economy's prospects, a development that will be welcome
since late October. It had earlier hit an intraday low of
news for the government as a general election looms in May
$1,337.04. Despite recent gains, bullion remains well below
2015.
an all-time high of around $1,920, struck in 2011.
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EPIC RESEARCH– ANALYST SPEAKS 28th FEBRUARY
SILVER
SILVER DAILY CHART TREND IS bullish consolidating in upper level. expecting will continue rally, RSI indicator is near to over bought zone. Immediate support @ 46200and Immediate resistance @ 46820 BUY SILVER MAR ABOVE 46820 TGTS 47020,47220 SL 46470 SELL SILVER MAR BELOW 46200 TGTS 46000,45800 SL 46500
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EPIC RESEARCH– ANALYST SPEAKS 28th FEBRUARY
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 30185 TGTS 30235,30315 SL 30100 SELL GOLD APR BELOW 30005 TGTS 29955,29875 SL 30090
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EPIC RESEARCH– ANALYST SPEAKS 28th FEBRUARY
GUARGUM
RESISTANCE 2
13213.3
RESISTANCE 1
13,066.7
PIVOT
12943.3
SUPPORT 1
12796.7
SUPPORT 2
12673.3
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 @ 13090. BUY GUARGUM ABOVE 13090 TGTS 13140,13220 SL 13000 SELL GUARGUM BELOW 12850 TGTS 12800,12720 SL 12940
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EPIC RESEARCH– ANALYST SPEAKS 28th FEBRUARY
DHANIYA
RESISTANCE 2
9421.3
RESISTANCE 1
9362.7
PIVOT
9281.3
SUPPORT 1
9222.7
SUPPORT 2
9141.3
In Dhaniya daily chart, it is consolidating in upper level, expecting from new high from here onwards trend is bullish and fundamentally also its bullish, momentum indicator RSI is near to overbought zone upcoming trading session may change the trend. Immediate support @ 9255 and immediate resistance @ 9350 BUY DHANIYA ABOVE 9350 TGTS 9380,9430 SL 9300 SELL DHANIYA BELOW 9255 TGTS 9225,9175 SL 9305
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TODAY’S ECONOMIC EVENTS 28th FEBRUARY
FRIDAY, FEBRUARY 28 FRI
COUNTRY
EVENT
03:15
NZD
BUILDING CONSENTS (MOM)
-8.3%
-3.5%
7.1%
05:00
JPY
HOUSEHOLD SPENDING (YOY)
1.1%
0.2%
0.7%
05:00
JPY
NATIONAL CORE CPI (YOY)
1.3%
1.2%
1.3%
05:00
JPY
TOKYO CORE CPI (YOY)
0.9%
0.8%
0.7%
05:20
JPY
INDUSTRIAL PRODUCTION (MOM)
4.0%
3.0%
0.9%
05:20
JPY
RETAIL SALES (YOY)
4.4%
3.8%
2.6%
06:00
AUD
PRIVATE SECTOR CREDIT (MOM)
0.4%
0.4%
0.5%
07:30
NZD
ANZ BUSINESS CONFIDENCE
70.8%
12:30
EUR
GERMAN RETAIL SALES (MOM)
1.0%
-2.5%
12:30
GBP
NATIONWIDE HPI (MOM)
0.6%
0.7%
13:15
EUR
FRENCH CONSUMER SPENDING (MOM)
0.2%
-0.1%
13:30
CHF
KOF LEADING INDICATORS
2.00
1.98
15:30
EUR
CORE CPI (YOY)
0.8%
0.8%
15:30
EUR
CPI (YOY)
0.7%
0.8%
15:30
EUR
UNEMPLOYMENT RATE
12.0%
12.0%
YOUR MINTVISORY
ACTUAL FORECAST PREVIOUS
64.1%
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TODAY’S ECONOMIC EVENTS 28th FEBRUARY
FRIDAY, FEBRUARY 28 FRI
COUNTRY
EVENT
15:30
USD
FOMC MEMBER FISHER SPEAKS
19:00
CAD
GDP (QOQ)
19:00
CAD
GDP (MOM)
-0.2%
0.2%
19:00
USD
GDP (QOQ)
2.5%
3.2%
19:00
USD
GDP PRICE INDEX (QOQ)
1.3%
1.3%
20:15
USD
CHICAGO PMI
57.0
59.6
20:25
USD
MICHIGAN CONSUMER SENTIMENT
81.3
81.2
20:30
USD
PENDING HOME SALES (MOM)
2.0%
-8.7%
20:45
USD
FOMC MEMBER STEIN SPEAKS
21:00
GBP
BOE GOV CARNEY SPEAKS
YOUR MINTVISORY
ACTUAL FORECAST PREVIOUS
0.7%
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