Daily commodity market report 26 feb 2014 by epic research

DAILY COMMODITY REPORT 26th FEBRUARY

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DAILY MARKET WRAPUP 26th FEBRUARY COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05-APR-14

30035

30267

30035

30240

+0.40

11819

SILVER

05-MAR-14

47850

47977

47362

47817

-0.27

9178

CRUDEOIL

19-MAR-14

6388

6388

6275

6304

-1.58

9805

COPPER

28-FEB-14

446.1

447.55

442.15

444.55

-0.46

7964

NATURALGAS

26-MAR-14

294.9

295.4

281.6

289.6

-2.60

11015

LEAD

28-FEB-14

131.45

132.05

130.1

130.2

-0.80

3351

NICKEL

28-FEB-14

889.7

890.8

878.5

882.8

-0.68

4172

ZINC

28-FEB-14

127.4

127.95

126.95

127.7

+0.16

2359

ALUMINIUM

28-FEB-14

106.8

107.2

105.8

107.05

+0.28

2548

LME WAREHOUSE STOCKS (25-FEB- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-6575

COPPER

-3325

LEAD

UNCHANGED

NICKEL

306

TIN

-10

ZINC

-4800 Call us at +91-731-6642300

INTERNATIONAL MARKETS 26th FEBRUARY

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,341.00

-1.70

-0.13%

APR 14

GOLD SPOT

USD/T OZ.

1,340.94

+0.44

+0.03%

N/A

COMEX SILVER

USD/T OZ.

21.94

-0.15

-0.67%

MAY 14

COMEX COPPER

USD/LB.

322.80

-1.20

-0.37%

MAY 14

PLATINUM SPOT

USD/T OZ.

1,438.63

-1.12

-0.08%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

101.79

-0.04

-0.04%

APR 14

CRUDE OIL (BRENT)

USD/BBL.

109.46

-0.05

-0.05%

APR 14

RBOB GASOLINE

USD/GAL.

279.28

-4.08

-1.44%

MAR 14

NYMEX NATURAL GAS

USD/MMBTU

4.97

-0.13

-2.57%

MAR 14

NYMEX HEATING OIL

USD/GAL.

310.85

+0.42

+0.14%

MAR 14

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INTRADAY SUPPORT AND RESISTANCE 26th FEBRUARY

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

ALUMINIUM

28-FEB

105.28

106.17

106.68

107.57

108.08

COPPER

28-FEB

439.35

441.95

444.75

447.35

450.15

CRUDEOIL

19-MAR

6209

6257

6322

6370

6435

GOLD

5-APR

29949

30094

30181

30326

30413

LEAD

28-FEB

128.83

129.52

130.78

131.47

132.73

NATURALGAS

26-MAR

275.07

282.33

288.87

296.13

302.67

NICKEL

28-FEB

871.7

877.3

884.0

889.6

896.3

SILVER

5-MAR

47104

47460

47719

48075

48334

ZINC

28-FEB

126.53

127.12

127.53

128.12

128.53

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MOST ACTIVE CONTRACTS 26th FEBRUARY

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

NATURAL GAS

26-03-2014

288.10

2,51,25,489.10

87,211

SILVERMICRO

28-02-2014

47851.00

3,31,74,61,979.00

69,329

CRUDE OIL

19-03-2014

6299.00

31,57,18,478.00

50,122

SILVER M

28-02-2014

47858.00

1,78,86,92,750.00

37,375

SILVER

05-03-2014

47855.00

96,08,32,690.00

20,078

COPPER

28-02-2014

444.35

75,86,831.90

17,074

LEADMINI

28-02-2014

130.30

17,86,152.40

13,708

COPPERMINI

28-02-2014

444.35

60,18,276.40

13,544

GOLD

05-04-2014

30239.00

36,07,51,270.00

11,930

GOLD M

05-03-2014

30990.00

36,19,01,220.00

11,678

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TODAY,S COMMODITY NEWS 26th FEBRUARY

COMMODITY HEADLINES Track gold miners' stocks to predict price trends'.

Jewellers tell govt. to reduce gold import duty to 2%.

Silver futures down 0.3% on global cues.

Zinc rises 0.24% on global cues.

Nickel rises 0.2% on spot demand, global cues.

Decommoditisation of steel to underpin success.

Ethanol blending goes for a toss due to poor response from sugar mills.

Potato climbs 1.5% on upsurge in demand.

Cardamom falls 0.63% on sluggish demand.

Oil rebounds after G20 vows to spur global growth.

Oil down in Asia on weaker China manufacturing sector.

Crude oil up 0.5% on overseas cues.

FMC gives freedom to exchanges to fix different transaction fee.

Mentha oil extend losses, down 0.65% on weak demand.

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COMMODITY BUZZ AND ECONOMIC EVENTS 26th FEBRUARY

SPECIAL NEWS Consumers in the US are increasingly opting for higher caratage of gold in diamond-studded ornaments, as this has high resale value. This will benefit India more than any other country, as 38 per cent of the jewellery consumed in the US is sourced from India. The US accounts for about 40 per cent of the global jewellery consumption. “Now, jewellery buyers in the US have started looking at the real (resale) value of jewellery. Instead of nine-carat gold earlier, consumers are demanding 14-, 18- and 19-carat gold in diamond jewellery,� said Somasundaram PR, managing director, World Gold Council (India) The American Petroleum Institute late Tuesday reported a climb of 822,000 barrels in crude supplies for the week ended Feb. 21. The increase was less than expected, as analysts surveyed by Platts had forecast a climb of 1.5 million barrels in crude supplies. API reported gasoline stockpiles edged down by 314,000 barrels, while distillate supplies fell 693,000 barrels. Analysts were looking for gasoline supplies to decline 1.5 million barrels and distillate inventories to fall by 2 million barrels. The more closely watched Energy Information Administration report is due Wednesday.

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COMMODITY BUZZ Gold futures slipped down again in the Asia electronic trades yesterday after swinging higher above $1340 an ounce overnight as a widely-watched gauge of U.S. consumer confidence came in weaker than expected raising expectations that the Fed may reduce the pace of QE windup. Gold futures for April delivery are trading down $1 at $ 1341.7 an ounce on the Comex division of the New York Mercantile Exchange.

Yesterday, it ended up $4.70, or 0.4%, at $1,342.70 an ounce.

The Conference Board reported that its consumer confidence index slipped to 78.1 in February from 79.4 in January, mainly due to concerns over general business conditions, jobs and earnings.

Copper futures fell further by 0.23% to Rs 446.20 per kg today as speculators engaged in reducing exposures. However, slump in stockpiles capped the losses. At the Multi Commodity Exchange, copper for delivery in April eased by Rs 1.05, or 0.23%, to Rs 446.20 per kg in a turnover of 603 lots. February copper shed 55 paise, or 0.12%, to Rs 445.85 per kg in a business volume of 3,113 lots.

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EPIC RESEARCH– ANALYST SPEAKS 26th FEBRUARY

SILVER

Silver daily chart trend is Bullish after breaking sideways trend now consolidating in upper level. from last week, RSI indicator is near to over bought zone. Immediate support @ 47400 immediate resistance @ 47950 BUY SILVER MAR ABOVE 47950 TGTS 48150,48350 SL 47600 SELL SILVER MAR BELOW 47400 TGTS 47200,47000 SL 47750

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EPIC RESEARCH– ANALYST SPEAKS 26th FEBRUARY

GOLD

GOLD Price is near to its resistance level trend is sideways to bullish, MACD is above mid range signs bullishness immediate support @ 30065 & immediate resistance @ 30260.

BUY GOLD APR ABOVE 30260 TGTS 30310,30390 SL 30170 SELL GOLD APR BELOW 30065 TGTS 30015,29925 SL 30155

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EPIC RESEARCH– ANALYST SPEAKS 26th FEBRUARY

GUARGUM

RESISTANCE 2

13,197

RESISTANCE 1

13,063

PIVOT

13,957

SUPPORT 1

12,823

SUPPORT 2

12,717

BUY GUARGUM ABOVE 13000 TGTS 13050,13150 SL 12910 SELL GUARGUM BELOW 12850 TGTS 12800,12700 SL 12940

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EPIC RESEARCH– ANALYST SPEAKS 26th FEBRUARY

DHANIYA

RESISTANCE 2

9515

RESISTANCE 1

9334

PIVOT

9194

SUPPORT 1

9013

SUPPORT 2

8873

BUY DHANIYA ABOVE 9190 TGTS 9220,9270 SL 9150 SELL DHANIYA BELOW 9130 TGTS 9100,9050 SL 9180

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TODAY’S ECONOMIC EVENTS 26th FEBRUARY

WEDNESDAY, FEBRUARY 26 TIME

COUNTRY

EVENT

02:15

AUD

RBA GOVERNOR STEVENS SPEAKS

06:00

AUD

CONSTRUCTION WORK DONE (QOQ)

12:30

EUR

15:00

ACTUAL FORECAST PREVIOUS

0.7%

3.0%

GFK GERMAN CONSUMER CLIMATE

8.2

8.2

GBP

BUSINESS INVESTMENT (QOQ)

2.6%

2.0%

15:00

GBP

GDP (YOY)

2.8%

2.8%

15:00

GBP

GDP (QOQ)

0.7%

0.7%

20:30

USD

NEW HOME SALES

400K

414K

20:30

USD

NEW HOME SALES (MOM)

-1.0%

-7.0%

22:30

USD

FOMC MEMBER ROSENGREN SPEAKS

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-1.0%

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