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
YOUR MINTVISORY
-1.0%
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