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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