DAILY COMMODITY REPORT 25th FEBRUARY
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DAILY MARKET WRAPUP 25th FEBRUARY COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
29881
30174
29881
30120
+0.81%
11549
SILVER
05-MAR-14
47310
48343
47162
47985
+1.25%
9756
CRUDEOIL
19-MAR-14
6371
6421
6345
6400
-0.14%
10706
COPPER
28-FEB-14
449.1
449.1
442.4
446.4
-0.73%
7386
LEAD
28-FEB-14
131.65
131.7
130.5
131.3
-0.72%
3192
NATURALGAS
25-FEB-14
384.9
402.7
342.1
345.4
-10.41%
7400
NICKEL
28-FEB-14
888
890
878.2
888.8
-0.45%
4326
ZINC
28-FEB-14
126.5
127.55
126.1
127.4
-0.08%
2588
ALUMINIUM
28-FEB-14
106.8
107
105.55
106.6
-0.97%
2633
LME WAREHOUSE STOCKS (24-FEB- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-7675
COPPER
-2875
LEAD
UNCHANGED
NICKEL
-558
TIN
-55
ZINC
-4850 Call us at +91-731-6642300
INTERNATIONAL MARKETS 25th FEBRUARY
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,333.10
-4.90
-0.37%
APR 14
GOLD SPOT
USD/T OZ.
1,333.75
-3.22
-0.24%
N/A
COMEX SILVER
USD/T OZ.
21.89
+0.07
+0.32%
MAY 14
COMEX COPPER
USD/LB.
323.50
-2.50
-0.77%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,434.38
-3.93
-0.27%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
102.47
+0.27
+0.26%
APR 14
CRUDE OIL (BRENT)
USD/BBL.
110.48
-0.16
-0.14%
APR 14
RBOB GASOLINE
USD/GAL.
282.91
-0.42
-0.15%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
5.43
-0.02
-0.37%
MAR 14
NYMEX HEATING OIL
USD/GAL.
309.48
-0.44
-0.14%
MAR 14
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INTRADAY SUPPORT AND RESISTANCE 25th FEBRUARY
COMMODITY
EXPIRY
SUP.2
SUP.1
PIVOT
RES.1
RES.2
ALUMINIUM
28-FEB
104.93
105.77
106.38
107.22
107.83
COPPER
28-FEB
439.27
442.83
445.97
449.53
452.67
CRUDEOIL
19-MAR
6313
6356
6389
6432
6465
GOLD
5-APR
29765
29943
30058
30236
30351
LEAD
28-FEB
129.97
130.63
131.17
131.83
132.37
NATURALGAS
26-MAR
272.87
284.33
304.77
316.23
336.67
NICKEL
28-FEB
873.9
881.3
885.7
893.1
897.5
SILVER
5-MAR
46649
47317
47830
48498
49011
ZINC
28-FEB
125.57
126.48
127.02
127.93
128.47
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MOST ACTIVE CONTRACTS 25th FEBRUARY
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
25-02-2014
346.00
5,17,79,592.00
1,49,652
SILVERMICRO
28-02-2014
48099.00
3,56,81,28,117.00
74,183
CRUDE OIL
19-03-2014
6405.00
32,20,81,830.00
50,286
SILVER M
28-02-2014
48094.00
2,02,97,11,082.00
42,203
SILVER
05-03-2014
48078.00
1,09,82,45,754.00
22,843
COPPER
28-02-2014
446.45
99,00,028.75
22,175
COPPERMINI
28-02-2014
446.35
75,80,362.05
16,983
LEADMINI
28-02-2014
131.40
16,87,307.40
12,841
GOLD M
05-03-2014
30920.00
36,23,20,560.00
11,718
NICKEL
28-02-2014
886.90
1,03,67,861.00
11,690
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TODAY,S COMMODITY NEWS 25th FEBRUARY
COMMODITY HEADLINES Jewelers tell govt. to reduce gold import duty to 2% Copper down 0.8% on weak global cue. Aluminium down 0.4% on global cue. Zinc down 0.3% on global cues, subdued spot demand Refined soya oil up 0.2% on pick-up in demand Potato down 0.6% on increased supply Coriander up 1.2% on rising demand Oil down in Asia on weaker China manufacturing sector Crude oil up 0.5% on overseas cues Oil holds above $100 on strong China lending data Mentha oil down 0.1% on sluggish demand Karnataka's mulberry silk sector losing sheen Cotton exports pick up on rupee stability
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COMMODITY BUZZ AND ECONOMIC EVENTS 25th FEBRUARY
SPECIAL NEWS Global rating agency Moody's Investors Services on Monday warned that Indian banks will require more capital than what the government has allocated in last week's interim budget. “Last Monday, India's government unveiled its interim budget for the fiscal year starting in April, allocating Rs.11,200 crore ($1.8 billion) for capital injections into public sector banks,” Moody's said. “The allocation is credit negative for public sector banks because it is much smaller than the Rs.25,000-36,000 crore ($4.1-$5.8 billion) that we estimated the banks needed to meet a minimum tier 1 ratio of 8% in the fiscal year ending March 2015. German business confidence continued to rise for a fourth straight month in February, with the Ifo business climate survey climbing to a better-than-expected 111.3, from 110.6 in January. Analysts surveyed by FactSet expected a reading of 110.5. The index, which measures the current business climate in Europe's largest economy and, measures expectations for the next six months, was expected to register the same reading as in January. The German Current Assessment index, which measures current business conditions in Germany, was at 114.4, up from January's 112.4
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COMMODITY BUZZ The stocks of gold mining companies. In the recent past, these have served as good indicators. The action in gold mining stocks is serving as a useful lead indicator for the price of bullion, with Newcrest Mining, for example, up 30% year-todate. Gold mining stocks were certainly a lead indicator for the decline in gold prices last year,” Wood said in his periodic „Greed and Fear‟ report, released earlier this month. The report added those who had taken contrarian calls on gold would have been well rewarded.
The Indian steel market cannot but remain flat, as growth continues to elude the commodity's principal consumption points such as construction, automobiles and machinery-building. Braving resistance from buyers, steel makers raised prices by Rs 1,000-1,200 a tonne in the past three months, across long and flat products, to defray cost rises.The Indian steel market cannot but remain flat, as growth continues to elude the commodity's principal consumption points such as construction, automobiles and machinery-building. Braving resistance from buyers, steel makers raised prices by Rs 1,000-1,200 a tonne in the past three months, across long and flat products, to defray cost rises.
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EPIC RESEARCH– ANALYST SPEAKS 25th FEBRUARY
SILVER
BUY SILVER MAR ABOVE 48250 TGTS 48450,48650 SL 47900 SELL SILVER MAR BELOW 47850 TGTS 47650,47450 SL 48200
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EPIC RESEARCH– ANALYST SPEAKS 25th FEBRUARY
GOLD
GOLD APR. ABOVE 30220 TGTS 30300,30420 SL 30130 SELL GOLD APR. BELOW 30035 TGTS 29955,29825 SL 30125
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EPIC RESEARCH– ANALYST SPEAKS 25th FEBRUARY
GUARGUM
RESISTANCE 2
13,507
RESISTANCE 1
13,253
PIVOT
13,077
SUPPORT 1
12,823
SUPPORT 2
12,647
Guargum March contract short term trend is "consolidate " Immediate support @ 12900 Immediate Resistance @ 13070 Today guargum March closed @ 13010. intraday range was 430 pts. trend is Sideways to bearish in daily chart. Momentum indicate RSI is below mid range signs down side. BUY GUARGUM ABOVE 13070 TGTS 13120,13220 SL 12990 SELL GUARGUM BELOW 12900 TGTS 12850,12750 SL 12990
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EPIC RESEARCH– ANALYST SPEAKS 25th FEBRUARY
DHANIYA
RESISTANCE 2
9484
RESISTANCE 1
9409
PIVOT
9292
SUPPORT 1
9217
SUPPORT 2
9100
Dhaniya Apr. Short term trend is "up", Immediate support @ 9235, Immediate Resistance @ 9380. Today Dhaniya Apr. Closed @ 9358 .Intraday Range of Dhaniya Apr was 192 pts. RSI is in over bought zone, Trend is bullish and expecting will continue it. BUY DHANIYA ABOVE 9380 TGTS 9410,9460 SL 9330 SELL DHANIYA BELOW 9235 TGTS 9205,9155 SL 9285
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TODAY‟S ECONOMIC EVENTS 25th FEBRUARY
MONDAY, FEBRUARY 24 TIME
COUNTRY
EVENT
05:20
JPY
CSPI (YoY)
0.8%
07:30
NZD
Inflation Expectations (QoQ)
2.3%
12:30
EUR
German GDP (QoQ)
0.4%
0.4%
13:15
EUR
French Business Survey
100
100
13:30
EUR
Spanish PPI (YoY)
-0.7%
0.6%
14:30
EUR
Italian Retail Sales (MoM)
0.4%
0.0%
14:30
EUR
Italian Retail Sales (YoY)
15:00
GBP
BBA Mortgage Approvals
47.9K
46.5K
15:30
EUR
Italian Consumer Confidence
98.5
98.0
16:30
EUR
Italian Trade Balance Non-EU
3.43B
19:00
CAD
Corporate Profits (QoQ)
1.5%
19:25
USD
Redbook (YoY)
3.2%
19:30
USD
House Price Index (YoY)
7.7%
7.6%
19:30
USD
House Price Index (MoM)
0.4%
0.1%
19:30
USD
S&P/CS HPI Composite - 20 (YoY)
13.3%
13.7%
20:30
USD
CB Consumer Confidence
80.0
80.7
20:30
USD
Richmond Manufacturing Index
13
12
YOUR MINTVISORY
ACTUAL FORECAST PREVIOUS 1.2%
1.1% 2.3%
0.1%
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