DAILY COMMODITY REPORT 10th FEBRUARY
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DAILY MARKET WRAPUP 10th FEBRUARY COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 APR 2014
28730.00
28900.00
28683.00
28650.00
0.32
10189
SILVER
05 MAR 2014
44401.00
44700.00
44160.00
44413.00
-0.14
11736
CRUDE
19 FEB 2014
6092.00
6139.00
6050.00
6075.00
0.97
51204
NATURAL GAS
25 FEB 2014
310.60
312.00
295.60
309.00
-2.27
11960
COPPER
28 FEB 2014
445.75
448.00
445.20
444.26
0.26
10497
NICKEL
28 FEB 2014
870.10
883.80
870.00
869.20
1.20
15324
LEAD
28 FEB 2014
131.95
132.95
131.25
131.85
-0.11
3161
ZINC
28 FEB 2014
126.30
127.15
125.30
124.85
1.00
3030
ALUMINIUM
28 FEB 2014
105.30
105.90
106.00
105.10
0.19
3457
LME WAREHOUSE STOCKS (06-FEB- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-7850
COPPER
-1225
LEAD
-500
NICKEL
696
ZINC
-5150 Call us at +91-731-6642300
INTERNATIONAL MARKETS 10th FEBRUARY
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,265.60
-0.20
-0.02%
APR 14
GOLD SPOT
USD/T OZ.
1,265.97
-1.30
-0.10%
N/A
COMEX SILVER
USD/T OZ.
20.01
+0.07
+0.35%
MAR 14
COMEX COPPER
USD/LB.
324.40
+0.80
+0.25%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,382.38
-2.37
-0.17%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
100.12
+0.24
+0.24%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
109.59
+0.02
+0.02%
MAR 14
RBOB GASOLINE
USD/GAL.
275.76
+0.87
+0.32%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
4.68
-0.10
-2.05%
MAR 14
NYMEX HEATING OIL
USD/GAL.
304.86
-0.17
-0.06%
MAR 14
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INTRADAY SUPPORT AND RESISTANCE 10th FEBRUARY
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
28-FEB
103.90
104.45
104.80
105.35
105.70
COPPER
28-FEB
439.72
442.03
443.37
445.68
447.02
CRUDEOIL
19-FEB
5961
6006
6083
6128
6205
GOLD
5-APR
28441
28562
28658
28779
28875
LEAD
28-FEB
128.88
130.02
130.68
131.82
132.48
NATURALGAS
25-FEB
276.67
286.13
293.07
302.53
309.47
NICKEL
28-FEB
857.5
863.8
871.3
877.6
885.1
SILVER
5-MAR
43579
43870
44119
44410
44659
ZINC
28-FEB
123.33
124.32
125.18
126.17
127.03
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MOST ACTIVE CONTRACTS 10th FEBRUARY
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
25-02-2014
302.00
3,46,34,568.00
1,14,684
SILVERMICRO
28-02-2014
44380.00
3,61,88,33,960.00
81,542
CRUDE OIL
19-02-2014
6134.00
31,40,85,336.00
51,204
SILVER M
28-02-2014
44379.00
1,81,41,24,762.00
40,878
SILVER
05-03-2014
44350.00
93,05,07,350.00
20,981
GOLD PETAL
27-02-2014
2983.00
5,32,61,465.00
17,855
LEADMINI
28-02-2014
131.50
21,71,459.50
16,513
COPPER
28-02-2014
445.40
70,02,133.40
15,721
NICKEL
28-02-2014
879.60
1,34,78,990.40
15,324
GOLD
05-04-2014
28743.00
43,64,04,969.00
15,183
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TODAY,S COMMODITY NEWS 10th FEBRUARY
COMMODITY HEADLINES
Gold holds up on safe-haven bids, cautious stocks
Gold up 0.3% on global cues
Copper rises 0.62% on spot demand, global cues
Iron ore pellet prices dip, exports come to a halt
Nickel up 0.4% on global cues, spot demand
Oil prices mixed ahead of US jobs release
Oil prices rise in Asian trade
Oil prices extend gains in Asian trade
Commodity futures regulator to allow trading by bourse shareholders
Natural stone exports set to drop 15% in FY14
Mentha oil up 0.2% on good demand, tight supply
Gold tumbles on profit-selling, lack of demand
Gold set for weekly gain; focus on US jobs report
US crude oil rose above USD 100 a barrel for the first time this year
NYMEX crude oil fluctuates ahead of U.S. employment data
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COMMODITY BUZZ AND ECONOMIC EVENTS 10th FEBRUARY
SPECIAL NEWS
The USDA release has lowered their outlook for Ar-
COMMODITY BUZZ
The US dollar also gave up some of its recent gains and
gentina's soybean and corn harvests due to warning
supported the gold prices. The greenback had hit a two
high temperatures and a lack of rain have latest nega-
month high against the Euro as the Federal Reserve said it
tively impacted the crops. an unusual long period of
will trim monthly bond buying by $10 billion after decid-
very high temperatures combined with scarce soil hu-
ing in December to reduce purchases by the same amount
midity in mid-December negatively affected almost all
as the economy improved, helping to end gold's 12-year
early planted corn. USDA cut their corn production
bull run.
estimate for the 2013-14 season by 1.2m tonnes to 23.8m tonnes. The downgrade came despite rain relief for later planted corn,
The area under rabi crops stands at 654.16 lakh hectares, up 5.71% compared to the last year, according to latest updates from the Agricultural Ministry. The sowing is drawing to a close in almost all parts of the country. Apart from coarse cereals, all other crops have witnessed an increase in the acreage. Wheat acreage is up 5.74%, rice up 37.63% and pulses up 6%
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Crude oil futures have also been rising over last few weeks. WTI Crude edged up from its multi month lows in the first week of January and stayed supported. Oil witnessed a big boost after the US the Labor Department reported payrolls in the US rose less than projected in January as retailers cut back after the holidays and government hiring fell. In Eurozone, the Markit Composite PMI, which gauges business activity across companies, has hit its highest level in two and half years
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EPIC RESEARCH– ANALYST SPEAKS 10th FEBRUARY
SILVER
Silver has recovered from its support level of 42800, although profit booking at higher level capping the price, but we expect that it may recover more up to 45800/46200 BUY SILVER (MAR) ABOVE 45250 TGTS 45500/45900 SL 44850 SELL SILVER (MAR) BELOW 43800 TGTS 43550/43150 SL 44200
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EPIC RESEARCH– ANALYST SPEAKS 10th FEBRUARY
GOLD
After expiry gold seems very volatile, buying in lower level and profit booking in higher level is putting gold trend into chaos. Although price is in under pressure due to negative US nonfarm payrolls data, and closure of Chinese markets for the Lunar New Year holiday also weighed on volumes.. We expect price can correct up to 28500 BUY GOLD (APR) ABOVE 29100 TGTS 29250/29450 SL 28900 SELL GOLD (APR) BELOW 28550 TGTS 28400/28200 SL 28750
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EPIC RESEARCH– ANALYST SPEAKS 10th FEBRUARY
CASTORSEED
RESISTANCE 1
4177.30
RESISTANCE 2
4210.70
PIVOT
4131.70
SUPPORT 1
4098.30
SUPPORT 2
4052.70
Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recommending sell on high. In Intraday basis nearest support @ 4030 & nearest resistance @ 4100. BUY CASTORSEED FEB ABOVE 4100 TGTS 4130,4180 SL 4050 SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080
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10th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS DHANIYA
RESISTANCE 1
9309.70
RESISTANCE 2
9416.30
PIVOT
9139.30
SUPPORT 1
9032.70
SUPPORT 2
8862.30
Daily chart of Dhaniya 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, momentum indicator RSI taking support of mid range, Again signs bullishness. Immediate support @ 8250 and immediate resistance @ 8350. BUY DHANIYA FEB ABOVE 8350 TGTS 8380,8430 SL8300 SELL DHANIYA FEB BELOW 8250 TGTS 8220,8170 SL 8300
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TODAY’S ECONOMIC EVENTS 10th FEBRUARY MONDAY, FEBRUARY 10 TIME
COUNTRY
EVENT
ACTUAL
FORECAST
PREVIOUS
05:20
JPY
ADJUSTED CURRENT ACCOUNT
-0.20T
-0.06T
-0.05T
05:20
JPY
BANK LENDING (YOY)
2.3%
10:30
JPY
HOUSEHOLD CONFIDENCE
43.9
41.3
11:30
JPY
ECONOMY WATCHERS CURRENT INDEX
55.5
55.7
12:15
CHF
UNEMPLOYMENT RATE N.S.A.
3.6%
3.5%
12:15
CHF
UNEMPLOYMENT RATE S.A.
3.2%
3.2%
13:15
EUR
FRENCH INDUSTRIAL PRODUCTION (MOM)
0.1%
1.3%
14:30
EUR
ITALIAN INDUSTRIAL PRODUCTION (MOM)
0.2%
0.3%
14:30
EUR
ITALIAN INDUSTRIAL PRODUCTION (YOY)
0.4%
1.4%
15:00
EUR
SENTIX INVESTOR CONFIDENCE
10.7
11.9
16:05
EUR
GERMAN 6-MONTH BUBILL AUCTION
18:45
CAD
HOUSING STARTS
19:30
EUR
FRENCH 12-MONTH BTF AUCTION
0.150%
19:30
EUR
FRENCH 3-MONTH BTF AUCTION
0.131%
19:30
EUR
FRENCH 6-MONTH BTF AUCTION
0.136%
22:00
USD
3-MONTH BILL AUCTION
0.040%
22:00
USD
6-MONTH BILL AUCTION
0.060%
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2.3%
0.085% 183.0K
189.7K
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