Published on March 6, 2014
DAILY COMMODITY REPORT 6th MARCH 2014 Our Presence Epic Research India Toll Free Number Mintara Road, Tarneit, Victoria. Post Code 3029 1-800-200-9454 Phone.: +61 422 063855 411 Milinda Manor (Suites 409- 417) HNI & NRI Sales Contact Australia All queries should be directed to 2 RNT Marg. Opp Cental Mall Indore (M.P.) Info@epicresearch.co Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 YOUR MINTVISORY HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Call us at +91-731-6642300
DAILY MARKET WRAPUP 6th MARCH 2014 COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots) GOLD 05-APR-14 30191.00 30318.00 30080.00 30160.00 0.01 12553 SILVER 05-MAR-14 47204.00 47444.00 46980.00 47212.00 -0.15 10437 CRUDEOIL 19-MAR-14 6411.00 6419.00 6276.00 6395.00 -1.81 13652 COPPER 26-MAR-14 289.00 293.70 280.60 286.10 -1.36 13472 LEAD 30-APR-14 444.00 446.00 439.25 44365 -0.95 13579 NICKEL 31-MAR-14 937.00 949.50 934.20 938.60 -0.20 9080 ZINC 31-MAR-14 132.50 133.90 130.60 132.30 -1.21 3565 NATURALGAS 31-MAR-14 132.60 133.45 130.50 132.25 -1.25 3807 ALUMINIUM 31-MAR- 14 108.05 109.20 107.60 108.05 -0.42 2597 LME WAREHOUSE STOCKS (05-MAR- 2014) METAL ALUMINIUM -7750 COPPER -1525 LEAD -125 NICKEL -564 ZINC YOUR MINTVISORY TONNES IN STORAGE -1725 Call us at +91-731-6642300
INTERNATIONAL MARKETS 6th MARCH 2014 PRECIOUS AND INDUSTRY METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1,338.40 +0.50 +0.04% APR 14 GOLD SPOT USD/T OZ. 1,338.59 +1.73 +0.13% N/A COMEX SILVER USD/T OZ. 21.26 +0.04 +0.18% MAY 14 COMEX COPPER USD/LB. 320.70 -0.75 -0.23% MAY 14 PLATINUM SPOT USD/T OZ. 1,476.38 -1.87 -0.13% N/A ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL (WTI) USD/BBL. 101.01 -0.44 -0.43% APR 14 CRUDE OIL (BRENT) USD/BBL. 107.62 -0.14 -0.13% APR 14 RBOB GASOLINE USD/GAL. 293.25 -0.78 -0.27% APR 14 NYMEX NATURAL GAS USD/MMBTU 4.57 +0.05 +1.08% APR 14 NYMEX HEATING OIL USD/GAL. 297.92 -6.15 -2.02% APR 14 YOUR MINTVISORY Call us at +91-731-6642300
INTRADAY SUPPORT AND RESISTANCE 6th MARCH 2014 COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1 ALUMINIUM 31-MAR 106.07 106.73 107.97 108.63 109.87 COPPER 30-APR 433.63 436.27 441.13 443.77 448.63 CRUDEOIL 19-MAR 6168 6221 6320 6373 6472 GOLD 5-APR 29947 30053 30185 30291 30423 LEAD 31-MAR 127.60 128.90 131.40 132.70 135.20 NATURALGAS 26-MAR 269.13 274.57 284.13 289.57 299.13 NICKEL 31-MAR 921.7 927.8 938.7 944.8 955.7 SILVER 5-MAY 46693 46871 47157 47335 47621 ZINC 31-MAR 128.08 129.22 131.33 132.47 134.58 YOUR MINTVISORY Call us at +91-731-6642300
MOST ACTIVE CONTRACTS 6th MARCH 2014 Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots) NATURAL GAS 26-03-2014 282.20 2,40,90,003.00 85,365 CRUDE OIL 19-03-2014 6279.00 39,51,81,423.00 62,937 SILVERMICRO 30-04-2014 47160.00 2,74,45,23,360.00 58,196 SILVER M 30-04-2014 47161.00 1,49,51,45,183.00 31,703 LEADMINI 31-03-2014 130.70 30,16,163.90 23,077 NICKEL 31-03-2014 936.70 2,14,12,962.00 22,860 COPPER 30-04-2014 439.45 95,24,639.30 21,674 NICKELMINI 31-03-2014 936.70 1,71,58,470.60 18,318 ZINCMINI 31-03-2014 130.65 22,65,209.70 17,338 COPPERMINI 30-04-2014 439.45 75,14,595.00 17,100 YOUR MINTVISORY Call us at +91-731-6642300
TODAY,S COMMODITY NEWS 6th MARCH 2014 COMMODITY HEADLINES Silver imports set to fall as govt may ease curbs on gold Silver down 0.3% on profit-booking Silver futures rise on global cues Nickel down by 0.4% on global trends Zinc shed 0.5% on subdued demand Lead down by 0.3% on global trends Palm oil prices may rise 6% on climate change Potato down 0.7% on reduced offtake Palm oil up 2.9% on spot demand, global cues Oil prices mixed, eyes on Ukraine crisis Oil prices surge as Ukraine mobilises army Weak rupee and demand slump pull down India's coal import growth Mentha oil up 0.9% on rising demand Low demand pushes down cement prices in Gujarat Mentha oil up 0.5% on higher export and local demand YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY BUZZ AND ECONOMIC EVENTS 6th MARCH 2014 SPECIAL NEWS The euro area GDP rose by 0.3% during the fourth quarter of2013, compared with the previous quarter, according to second estimates published by Euro stat, the statistical office of the European Union. In the third quarter of 2013, GDP grew by 0.1% in the euro area Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.5% in the euro area in the fourth quarter of 2013, after falling 0.3% in the previous quarter UK service sector activity continued to rise at a healthy pace during February, supported by another marked increase in new business. Capacity remained under pressure, with backlogs up sharply and employment subsequently raised to the greatest degree since last October. Confidence in the outlook strengthened to the highest for nearly four and a half years. After accounting for seasonal factors, the headline business activity index recorded 58.2 during February. YOUR MINTVISORY COMMODITY BUZZ Gold remained weak on strong dollar amid easing worries in Ukraine, as investors shifted their money to equities. The U.S. is to release the ADP private sector job reports, ISM service sector activity later yesterday. The Comex gold April delivery quotes at $1,334.20 an ounce, down $3.70 and the March Silver quotes at $21.258, up $0.036 from last day close. MCX Gold remained weak second day on weak global markets amid stronger local currency. The April Gold quotes at Rs 30,160, almost flat over last day close. Silver March quotes at Rs 46,570, up Rs 18 per 1 kg. MCX Crude oil futures stayed on a corrective course, easing from highs around Rs 6400 per barrel. Global crude oil prices also witnessed a mild correction ahead of the US weekly energy inventories data even as global equities stayed supported on receding geopolitical worries over Ukraine. WTI Crude oil quotes at $103, down 33 cents per barrel. MCX Crude oil quotes at Rs 6370, down Rs 25 per barrel or 0.40% on the day. Most of the global stock markets edged up today, extending their yesterday's momentum. The benchmark Nifty index in India added nearly half a percent while stocks in Taiwan Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 6th MARCH 2014 SILVER SILVER MCX Short term trend is UP, Immediate support @ 46200Immediate Resistance @ 48400 SILVER MCX Closed @47212.00 Yesterday Intraday Range of SILVER MCX was 464. Open Interest was UP +13.78%, Volumes were 16250 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 47500 TGTS 47700/48000 SL 47140 SELL SILVER(MAY) BELOW 46850 TGTS 46650/46350 SL 47150 YOUR MINTVISORY Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 6th MARCH 2014 GOLD GOLD MCX Short term trend is UP, Immediate support @ 29700 Immediate Resistance @ 30500 GOLD MCX Closed @30160.00 Yesterday Intraday Range of GOLD MCX was 238. Open Interest was UP +5.97%, Volumes were 17126 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 30320 TGTS 30400/30500 SL 30190 SELL GOLD(APR) BELOW 30050 TGTS 29970/29870 SL 30170 YOUR MINTVISORY Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 6th MARCH 2014 GUARGUM RESISTANCE 2 13,233 RESISTANCE 1 13,067 PIVOT 12,863 SUPPORT 1 12,697 SUPPORT 2 12,493 Guargum daily chart shows sideways to bearishness will continue in upcoming trading session RSI & MACD is in below mid range that shows price may go down, recommending sell on high. Immediate support @ 12850 and immediate resistance @ 12980. BUY GURAGUM ABOVE 13100 TG 13150, 13230 SL 13010 SELL GURAGUM BELOW 12700 TG 12650 ,12570 SL 12790 YOUR MINTVISORY Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 6th MARCH 2014 DHANIYA RESISTANCE 2 9288 RESISTANCE 1 9269 PIVOT 9434 SUPPORT 1 9515 SUPPORT 2 9580 In Dhaniya daily chart, it is consolidating in upper level, expecting from new high again from here onwards trend is bullish and fundamentally also its bullish, momentum indicator RSI is near to overbought zone Immediate support @ 9410 and immediate resistance @ 9470 BUY DHANIYA ABOVE 9390 TG 9410,9460 SL 9340 SELLDHANIYA BELOW 9220 TG 9190,9140 SL 9270 YOUR MINTVISORY Call us at +91-731-6642300
TODAY’S ECONOMIC EVENTS 6th MARCH 2014 TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS THURSDAY, MARCH 6 00:30 USD BEIGE BOOK 05:30 USD FOMC MEMBER FISHER SPEAKS 06:00 AUD RETAIL SALES (MOM) 1.2% 0.5% 0.7% 06:00 AUD TRADE BALANCE 1.433B 0.270B 0.591B 13:30 GBP HALIFAX HOUSE PRICE INDEX (MOM) 0.7% 1.1% 13:30 GBP HALIFAX HOUSE PRICE INDEX (YOY) 7.2% 7.3% 16:30 EUR GERMAN FACTORY ORDERS (MOM) 0.7% -0.5% 17:30 GBP BOE QE TOTAL 375B 375B 17:30 GBP INTEREST RATE DECISION 0.50% 0.50% 18:15 EUR INTEREST RATE DECISION 0.25% 0.25% 18:45 USD FOMC MEMBER DUDLEY SPEAKS 19:00 CAD BUILDING PERMITS (MOM) 1.0% -4.1% 19:00 EUR ECB PRESS CONFERENCE 19:00 USD INITIAL JOBLESS CLAIMS 338K 348K 19:00 USD NONFARM PRODUCTIVITY (QOQ) 2.5% 3.2% 19:00 USD UNIT LABOR COSTS (QOQ) -0.9% -1.6% 20:30 CAD IVEY PMI 54.0 56.8 20:30 USD FACTORY ORDERS (MOM) -0.4% -1.5% YOUR MINTVISORY Call us at +91-731-6642300
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