DAILY COMMODITY REPORT 09th APRIL 2014
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DAILY MARKET WRAPUP 09th APRIL 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-Jun-14
28398
28586
28397
28477
+0.56%
9063
SILVER
05-May-14
43300
43430
43165
43198
+0.26%
14183
COPPER
30-Apr-14
407.4
407.4
403.9
406.75
-0.20%
19427
CRUDEOIL
21-Apr-14
6060
6172
6060
6162
+1.92%
8137
NATURALGAS
25-Apr-14
272.1
274.7
269.4
273.6
+0.18%
8355
LEAD
30-Apr-14
123.75
124.9
123.55
124.8
+0.24%
2783
NICKEL
30-Apr-14
994
994.1
982.6
990.3
-0.74%
7201
ZINC
30-Apr-14
121.1
122.1
120.9
122
+0.66%
1667
ALUMINIUM
30-Apr-14
108.6
108.75
107.4
108.6
-0.23%
3275
LME WAREHOUSE STOCKS (08-APRIL- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
250
COPPER
-1975
LEAD
375
NICKEL
588
TIN
-75
ZINC
-3050 Call us at +91-731-6642300
INTERNATIONAL MARKETS 09th APRIL 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,312.50
+14.20
+1.09%
JUN 14
GOLD SPOT
USD/T OZ.
1,312.18
+3.52
+0.27%
N/A
COMEX SILVER
USD/T OZ.
20.05
+0.14
+0.69%
MAY 14
COMEX COPPER
USD/LB.
305.15
+1.20
+0.39%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,443.88
+3.75
+0.26%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
102.38
-0.18
-0.18%
MAY 14
CRUDE OIL (BRENT)
USD/BBL.
107.67
0.00
0.00%
MAY 14
RBOB GASOLINE
USD/GAL.
298.88
+0.87
+0.29%
MAY 14
NYMEX NATURAL GAS
USD/MMBTU
4.55
+0.02
+0.35%
MAY 14
NYMEX HEATING OIL
USD/GAL.
293.29
-0.15
-0.05%
MAY 14
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INTRADAY SUPPORT AND RESISTANCE 09th APRIL 2014
COMMODITY
EXPIRY
SUP.2
SUP.1
PIVOT
RES.1
RES.2
ALUMINIUM
30-APR
108.6
107.75
108.25
109.10
109.60
COPPER
30-APR
406.75
404.63
406.02
408.13
409.52
CRUDEOIL
21-APR
6162
6091
6131
6203
6243
GOLD
5-JUN
28477
28387
28487
28576
28676
LEAD
30-APR
124.8
123.93
124.42
125.28
125.77
NATURALGAS
25-APR
273.6
270.43
272.57
275.73
277.87
NICKEL
30-APR
990.3
983.9
989.0
995.4
1000.5
SILVER
5-MAY
43198
43099
43264
43364
43529
ZINC
30-APR
122.0
121.23
121.67
122.43
122.87
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MOST ACTIVE CONTRACTS 09th APRIL 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
CRUDE OIL
21-04-2014
6164.00
25,83,33,240.00
41,910
NATURAL GAS
25-04-2014
273.70
85,60,241.20
31,276
SILVERMICRO
30-04-2014
43215.00
1,25,22,41,055.00
28,977
COPPER
30-04-2014
406.80
58,61,174.40
14,408
SILVER M
30-04-2014
43218.00
58,35,29,436.00
13,502
NICKEL
30-04-2014
990.60
1,25,75,667.00
12,695
COPPERMINI
30-04-2014
406.80
45,37,447.20
11,154
NICKELMINI
30-04-2014
990.60
1,02,67,569.00
10,365
SILVER
05-05-2014
43190.00
33,51,11,210.00
7,759
LEADMINI
30-04-2014
124.75
9,25,769.75
7,421
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TODAY,S COMMODITY NEWS 09th APRIL 2014
COMMODITY HEADLINES Oil Gold imports may hit 10-month high in March RBI relaxes rough diamond import norms ACE launches gold hedge contract Govt reduces tariff value of gold, silver Lead up 0.2% on strong spot demand Nickel up 0.2% on spot demand Copper down 0.7% on weak global cues Shrimp farming boom in West Bengal as farmlands shrink India's oilmeal exports see 11% fall in FY 14: SEA India's agrochemical sector under severe stress on lower usage Oil prices ease in Asian trade Crude prices ease in Asia on profit taking Sustaining farm sector growth amid fall in water availability Mentha oil down 0.4% on sluggish demand Crude oil down 0.2% on Asian cues
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COMMODITY BUZZ AND ECONOMIC EVENTS 09th APRIL 2014
SPECIAL NEWS
COMMODITY BUZZ
The turnover of the Indian commodity futures market dropped by a whopping 40.51% to Rs 101.41 lakh crore in 2013-14 from Rs 170.46 lakh crore in the previous fiscal, according to the data from the Forward Market Commission. MCX maintained its position as the leading futures exchange in the country with a turnover of Rs 86.58 lakh crore- representing 85.38% of market share, followed by NCDEX having turnover of Rs 11.44 lakh crore and NMCE Rs 1.52 lakh crore in FY 14.
MCX Gold futures are expected to open on a positive note in the evening trades today as the yellow metal continues to hold sway in the global markets following its radical gains post the non farm payrolls. The Yellow metal added to its gains today in the electronic session even as the equities witnessed a mixed outing, COMEX Gold is quoting at $1311.70, up $13.40 per ounce on the day. MCX Gold futures closed at Rs 28356, up Rs 94 per 10 grams on the day.
Gold for June delivery are trading up $3.3 at $ 1312.4 an ounce on the Comex division of the New York Mercantile Exchange. Yesterday, it climbed $10.80, or 0.8%, to settle at $1,309.10 an ounce- its highest level since March 25.Yesterday, the May silver added 15 cents, or 0.8%, to $20.057 an ounce, with prices closing at their highest since March 24. Today, the traders will keep watch on the minutes from the Federal Reserve's March policy meeting due to be released later in the day. Weakness in the US dollar ahead of the Fed’s March meeting and escalating tensions in the Ukraine also boosted gold yesterday.
Gold futures extended gains in the Asia electronic trades today as rising geopolitical tensions over Ukraine raised gold safe haven appeal. Gold found some support amid continued worries on the Russia-Ukraine front even as equities delivered a diverse signal. The US stocks slumped heavily yesterday as a continued correction in high-growth stocks hurt sentiments. DOW followed its drubbing on Friday with yet another thrashing yesterday, closing lower by 167 points on the day or 1%. This kept the sentiments mixed in Asia though stocks in Hong Kong and China rose on hopes Beijing will unveil new measures to boost the mainland economy after last week's mini-stimulus.
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EPIC RESEARCH– ANALYST SPEAKS 09th APRIL 2014
SILVER
SILVER MCX Short term trend is DOWN, Immediate support @ 43000. Immediate Resistance @ 43600. Yesterday SILVER MCX Closed @ 43198. Yesterday Intraday Range of SILVER MCX was 205. Open Interest was UP +3.80 %, Volumes were 6240 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 43600 TGTS 43800/44100 SL 43250 SELL SILVER(MAY) BELOW 43030 TGTS 42830/42530 SL 43350 YOUR MINTVISORY
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EPIC RESEARCH– ANALYST SPEAKS 09th APRIL 2014
GOLD
GOLD MCX Short term trend is down,. Immediate support @ 28350. Immediate Resistance @ 28600. Yesterday GOLD MCX Closed @ 28477. Yesterday Intraday Range of GOLD MCX was 189. Open Interest was UP+ 4.58 %, Volumes were 5530 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(JUN) ABOVE 28600 TGTS 28680/28780 SL 28480 SELL GOLD(JUN) BELOW 28350 TGTS 28270/28170 SL 28470
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EPIC RESEARCH– ANALYST SPEAKS 09th APRIL 2014
GUARSEED
RESISTANCE 1
4765
RESISTANCE 2
4800
PIVOT
4750
SUPPORT 1
4705
SUPPORT 2
4680
Guarseed April short term trend looking sideways to bearish in daily chart. Momentum indicators RSI is in mid range. In intraday basis immediate support @ 4710 & immediate resistance @ 4775. BUY GUARSEED APR ABOVE 4610 TGTS 4640,4690 SL 4560 SELL GUARSEED APR BELOW 4550 TGTS 4520,4470 SL 4600
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EPIC RESEARCH– ANALYST SPEAKS 09th APRIL 2014
DHANIYA
RESISTANCE 1
9454
RESISTANCE 2
9597
PIVOT
9400
SUPPORT 1
9174
SUPPORT 2
9037
Dhaniya daily chart shows bullish trend, but it has not given closing above its resistance 9730 in daily chart, expecting profit booking will continue in upcoming trading session.RSI is in mid range. Immediate support @ 9230 & Immediate resistance @ 9350. BUY DHANIYA APR ABOVE 9545 TGTS 9575,9525 SL 9495 SELL DHANIYA APR BELOW 9370 TGTS 9350,9300 SL 9420
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TODAY’S ECONOMIC EVENTS 09th APRIL 2014
WEDNESDAY, APRIL 9 TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
00:15
USD
FOMC MEMBER PLOSSER SPEAKS
06:00
AUD
WESTPAC CONSUMER SENTIMENT
0.3%
07:00
AUD
HOME LOANS (MOM)
2.3%
11:30
EUR
GERMAN TRADE BALANCE
11:30
JPY
BOJ MONTHLY REPORT
14:00
GBP
17:30
-0.7% 2.0%
0.0%
17.8B
17.2B
TRADE BALANCE
-9.20B
-9.79B
BRL
BRAZILIAN CPI (YOY)
6.08%
5.68%
18:30
MXN
MEXICAN CPI (YOY)
3.79%
4.23%
23:30
USD
FOMC MEETING MINUTES
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