Daily commodity market report 12 feb 2014 by epic research

Page 1

DAILY COMMODITY REPORT 12th FEBRUARY

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DAILY MARKET WRAPUP 12th FEBRUARY COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05 APR 2014

28980.00

29174.00

28980.00

28935.00

0.60

10221

SILVER

05 MAR 2014

44780.00

44920.00

44411.00

44670.00

0.19

12253

CRUDE

19 FEB 2014

6245.00

6282.00

6208.00

6248.00

-0.50

13171

NATURAL GAS

25 FEB 2014

287.20

297.00

285.60

287.60

2.92

11418

COPPER

28 FEB 2014

443.75

444.25

441.50

444.50

-0.62

13046

NICKEL

28 FEB 2014

882.00

886.70

875.10

883.60

-0.46

4934

LEAD

28 FEB 2014

130.95

131.40

129.80

130.80

-0.08

3658

ZINC

28 FEB 2014

125.60

125.80

124.30

125.60

-0.84

2438

ALUMINIUM

28 FEB 2014

104.30

105.30

103.70

104.40

0.14

4616

LME WAREHOUSE STOCKS (11-FEB- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-7950

COPPER

-1625

LEAD

-500

NICKEL

-1002

ZINC

-5450 Call us at +91-731-6642300


INTERNATIONAL MARKETS 12th FEBRUARY

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,287.10

-2.70

-0.21%

APR 14

GOLD SPOT

USD/T OZ.

1,287.60

-3.76

-0.29%

N/A

COMEX SILVER

USD/T OZ.

20.15

+0.03

+0.16%

MAR 14

COMEX COPPER

USD/LB.

323.25

+1.75

+0.54%

MAR 14

PLATINUM SPOT

USD/T OZ.

1,388.25

-0.50

-0.04%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

100.35

+0.41

+0.41%

MAR 14

CRUDE OIL (BRENT)

USD/BBL.

108.72

+0.04

+0.04%

MAR 14

RBOB GASOLINE

USD/GAL.

276.14

+3.66

+1.34%

MAR 14

NYMEX NATURAL GAS

USD/MMBTU

5.00

+0.17

+3.57%

MAR 14

NYMEX HEATING OIL

USD/GAL.

303.02

+3.21

+1.07%

MAR 14

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INTRADAY SUPPORT AND RESISTANCE 12th FEBRUARY

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

ALUMINIUM

28-FEB

102.93

103.77

104.53

105.37

106.13

COPPER

28-FEB

439.47

440.68

442.47

443.68

445.47

CRUDEOIL

19-FEB

6174

6195

6228

6249

6282

GOLD

5-APR

28892

28998

29086

29192

29280

LEAD

28-FEB

129.10

130.00

130.70

131.60

132.30

NATURALGAS

25-FEB

280.83

288.37

293.13

300.67

305.43

NICKEL

28-FEB

868.8

874.1

880.4

885.7

892.0

SILVER

5-MAR

44168

44434

44677

44943

45186

ZINC

28-FEB

123.42

124.03

124.92

125.53

126.42

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MOST ACTIVE CONTRACTS 12th FEBRUARY

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

28-02-2014

44788.00

3,68,71,72,100.00

82,325

NATURAL GAS

25-02-2014

296.00

2,41,28,736.00

81,516

CRUDE OIL

19-02-2014

6217.00

31,41,63,661.00

50,533

SILVER M

28-02-2014

44790.00

1,90,59,48,870.00

42,553

SILVER

05-03-2014

44755.00

1,01,24,02,855.00

22,621

LEADMINI

28-02-2014

130.70

27,32,806.30

20,909

COPPER

28-02-2014

441.75

84,42,284.25

19,111

NICKEL

28-02-2014

879.50

1,49,88,439.00

17,042

GOLD

05-04-2014

29109.00

46,17,85,176.00

15,864

NICKELMINI

28-02-2014

879.60

1,38,00,924.00

15,690

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TODAY,S COMMODITY NEWS 12th FEBRUARY

COMMODITY HEADLINES Gold hits two-month high on global cue Silver up 0.4% on global cues Gold futures up 0.6% on firm global cues Lead up 0.3% on spot demand Goa to e-auction half a million tonnes of iron ore on Feb 17 Reconsider export duty on iron ore pellets: Commerce ministry to FinMin Edible oil prices ease due to higher production expectations Coriander down 0.7% on low demand, higher supply Jeera down 1.1% on increased supply, weak demand Oil outlook bleak, gas prices to be firm Oil prices mixed ahead of US jobs release Oil prices rise in Asian trade Textile sector on cusp of revival MCX volumes grow on huge trading interest in natural gas Mentha oil up 0.2% on rising demand

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COMMODITY BUZZ AND ECONOMIC EVENTS 12th FEBRUARY

SPECIAL NEWS The Union Minister for Commerce & Industry Anand Sharma has asserted that India remains one of the top destinations for Foreign Direct Investment, despite the economic slowdown. Sharma said India's current economic growth is not commensurate with its potential and the country has capacity to grow faster. He said that India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of GDP to 25% from 16%. India's Foreign Direct Investment policy has been progressively liberalized to make the

COMMODITY BUZZ Gold rose to a three-month high on Tuesday, gaining nearly 1.5 percent after incoming Federal Reserve Chair Janet Yellen made it clear she would not make any abrupt changes to the central bank's commitment to a measured tapering of bond purchases. Technical buying also accelerated gains after the metalcrossed above tough resistance at $1,280 an ounce. Bullion's rally on Tuesday reversed its recent strong inverse link with equities, which have been pressured by economic uncertainties and emerging-market jitters. The S&P 500 index climbed 1.3 percent.

regime more investor friendly. India's car sales dropped 7.6% to 160289 vehicles in January 2014 compared to the same month last year, recording their the fourth straight month of decline, according to figures released by the Society of Indian Automobile Manufacturers (SIAM), in a market set to fall for the second straight year. Sales have fallen more than 5% so far this fiscal year that ends in March. Sales of passenger vehicles, which include cars and utility vehicles, dropped nearly 9% in January.

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Technical buying also accelerated gains after the metal crossed above tough resistance at $1,280 an ounce. Bullion's rally on Tuesday reversed its recent strong inverse link with equities, which have been pressured by economic uncertainties and emerging-market jitters. The S&P 500 index climbed 1.3 percent. In her testimony before the U.S. House Financial Services Committee, Yellen said she strongly supports the monetary policy approach driven by her predecessor, Ben Bernanke. The overall tone of Yellen's comment is a carbon copy of the Fed's existing policy under Benanke,so the market is relieved that there will be no tightening any time soon Bill O'Neill, partner of New Jersey commodities investment firm LOGIC Advisors

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EPIC RESEARCH– ANALYST SPEAKS 12th FEBRUARY

SILVER

SILVER MCX Short term trend is UP, Immediate support @ 44600 Immediate Resistance @ 45250 SILVER MCX Closed @ 44670.00 . Yesterday Intraday Range of SILVER MCX was 509. Volumes were 12310 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER ABOVE 45050 TGTS 45250/45550 SL 44700 SELL SILVER BELOW 44600 TGTS 44400/44100 SL 44950

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EPIC RESEARCH– ANALYST SPEAKS 12th FEBRUARY

GOLD

GOLD MCX Short term trend is UP, Immediate support @ 28880Immediate Resistance @ 29200 GOLD MCX Closed @ 28935.00 Yesterday Intraday Range of GOLD MCX was 194 Volumes were 10296 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 29180 TGTS 29260/29360 SL 29050 SELL GOLD(APR) BELOW 28800 TGTS 28720/28620 SL 28920

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EPIC RESEARCH– ANALYST SPEAKS 12th FEBRUARY

CASTORSEED

RESISTANCE 1

4391.7

RESISTANCE 2

4445.3

PIVOT

4294.3

SUPPORT 1

4240.7

SUPPORT 2

4143.3

Castorseed Mar looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recommending sell on high. In Intraday basis nearest support @ 4195 & nearest resistance @ 4360. BUY CASTORSEED MAR ABOVE 4360 TGTS 4390,4440 SL 4310 SELL CASTORSEED MAR BELOW 4195 TGTS 4165,4115 SL 4235

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12th FEBRUARY

EPIC RESEARCH– ANALYST SPEAKS DHANIYA

RESISTANCE 1

9473

RESISTANCE 2

9568

PIVOT

9330

SUPPORT 1

9235

SUPPORT 2

9092

Daily chart of Dhaniya Apr shows bullishness and it will continue its rally from nearest support level to upper side. Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips with Immediate support @ 9330 and immediate resistance @ 9430. BUY DHANIYA APR 9430 TGTS 9460,9510 SL 9380 SELL DHANIYA APR BELOW 9330 TGTS 9280,9230

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TODAY’S ECONOMIC EVENTS 12th FEBRUARY

WEDNESDAY, FEBRUARY 12 TIME

COUNTRY

EVENT

ACTUAL

05:00

AUD

WESTPAC CONSUMER SENTIMENT

-3.00%

05:20

JPY

TERTIARY INDUSTRY ACTIVITY INDEX (MOM)

-0.4%

-0.2%

0.8%

06:40

USD

FOMC MEMBER FISHER SPEAKS

07:30

CNY

CHINESE EXPORTS (YOY)

10.6%

2.0%

4.3%

07:30

CNY

CHINESE IMPORTS (YOY)

10.0%

3.0%

8.3%

07:30

CNY

CHINESE TRADE BALANCE

31.86B

23.65B

25.60B

13:45

CHF

SWISS CPI (MOM)

-0.3%

-0.2%

15:30

EUR

INDUSTRIAL PRODUCTION (MOM)

-0.3%

1.8%

16:00

GBP

BOE GOV CARNEY SPEAKS

16:00

GBP

BOE INFLATION REPORT

19:15

USD

FOMC MEMBER BULLARD SPEAKS

21:00

EUR

ECB PRESIDENT DRAGHI SPEAKS

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FORECAST

PREVIOUS -1.70%

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