Daily commodity market report 10 march- 2014 by epic research

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10th MARCH 2014

DAILY COMMODITY REPORT

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10th MARCH 2014

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)

GOLD 05-APR-14 30202.00 30340.00 29930.00 30209.00 -0.33 12403

SILVER 05-MAR-14 47134.00 47424.00 45835.00 47194.00 -2.10 11651

CRUDEOIL 19-MAR-14 6161.00 6307.00 6131.00 6118.00 2.81 11424

COPPER 26-MAR-14 283.90 286.60 282.20 282.60 0.32 12211

LEAD 30-APR-14 436.05 437.15 421.20 436.60 -3.47 20752

NICKEL 31-MAR-14 945.30 950.80 932.20 947.00 -1.28 8309

ZINC 31-MAR-14 130.10 130.60 127.40 129.95 -1.65 4125

NATURALGAS 31-MAR-14 128.20 129.30 125.85 128.80 -2.02 3166

ALUMINIUM 31-MAR- 14 107.85 108.20 106.15 107.70 -1.02 3400

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM 10825

COPPER -3175

LEAD UNCH

NICKEL 1254

ZINC 15875

LME WAREHOUSE STOCKS (07-MAR- 2014)


10th MARCH 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 102.42 -0.16 -0.16% APR 14

CRUDE OIL (BRENT) USD/BBL. 108.63 -0.37 -0.34% APR 14

RBOB GASOLINE USD/GAL. 296.51 -0.87 -0.29% APR 14

NYMEX NATURAL GAS USD/MMBTU 4.62 -0.00 -0.04% APR 14

NYMEX HEATING OIL USD/GAL. 299.69 -1.52 -0.50% APR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,331.60 -6.60 -0.49% APR 14

GOLD SPOT USD/T OZ. 1,333.76 -6.22 -0.46% N/A

COMEX SILVER USD/T OZ. 20.74 -0.19 -0.90% MAY 14

COMEX COPPER USD/LB. 303.45 -4.80 -1.56% MAY 14

PLATINUM SPOT USD/T OZ. 1,472.31 -10.19 -0.69% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


10th MARCH 2014

COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1

ALUMINIUM 31-Mar 104.93 105.77 106.98 107.82 109.03

COPPER 30-Apr 410.43 415.92 426.53 432.02 442.63

CRUDEOIL 19-Mar 6068 6187 6249 6368 6430

GOLD 5-Apr 29723 29927 30133 30337 30543

LEAD 31-Mar 125.38 126.57 128.58 129.77 131.78

NATURALGAS 26-Mar 279.63 281.47 284.03 285.87 288.43

NICKEL 31-Mar 921.2 928.9 939.8 947.5 958.4

SILVER 5-May 44899 45552 46488 47141 48077

ZINC 31-Mar 123.65 124.90 127.10 128.35 130.55

INTRADAY SUPPORT AND RESISTANCE


10th MARCH 2014

MOST ACTIVE CONTRACTS

Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)

SILVERMICRO 30-04-2014 46236.00 4,60,31,17,452.00 99,557

CRUDE OIL 19-03-2014 6290.00 40,58,30,800.00 64,520

SILVER M 30-04-2014 46230.00 2,40,89,06,610.00 52,107

COPPER 30-04-2014 421.45 2,15,21,765.70 51,066

NATURAL GAS 26-03-2014 283.50 1,33,16,278.50 46,971

COPPERMINI 30-04-2014 421.40 1,51,49,751.40 35,951

NICKEL 31-03-2014 934.90 2,97,06,447.50 31,775

SILVER 05-05-2014 46201.00 1,32,68,46,519.00 28,719

NICKELMINI 31-03-2014 935.10 2,30,61,436.20 24,662

LEADMINI 31-03-2014 127.75 31,32,046.75 24,517


10th MARCH 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Indian gold premiums fall to five-month low ahead of elections

Lower CAD gives room to relax gold import curbs

Silver futures marginally up on global cues

Lead up 0.3% on rising demand, global cues

Zinc up 0.2% on global cues

Copper down 0.2% on weak global cues

Despite lower arrivals, jaggery prices head south

Castor seed among top-traded counters on NCDEX

Soyameal exports fall 68% in February

Oil prices mixed as Ukraine fears recede

Oil prices mixed, eyes on Ukraine crisis

Oil prices surge as Ukraine mobilises army

Mentha oil down 0.5% on profit-booking

Crude oil down 0.8% on weak Asian cues


10th MARCH 2014

SPECIAL NEWS

Total nonfarm payroll employment in U.S. in-

creased by 175,000 in February, and the unem-

ployment rate was little changed at 6.7 percent, up

from 6.6% in January, the U.S. Bureau of Labor

Statistics reported today. Employment increased in

professional and business services and in wholesale

trade but declined in information.

The global Corn futures soared to $5 a bushel lev-

els yesterday on concerns of the Ukraine crisis and

dryness in Brazil. Corn futures for May delivery,

tested $5.0250 a bushel in Chicago, topping $5 a

bushel for the first time since August last year. The

gains came amid continuing unease in Ukraine,

whose southern Crimea region will on March 16

vote on joining Russia in a poll condemned in

Kiev, and which has been seen as fuelling east-

west tensions over the crisis.

COMMODITY BUZZ

India Bullion and Jewellers Association Ltd (IBJA) has

declared March 10 as ‘black day’ and urged bullion

dealers and jewellery retailers to keep shops shut to

protest alleged harassment by the customs. IBJA

President Mohit Kamboj said, “Growing burden and

harassment from unfair norms announced over the

last few years have been very disappointing and de-

moralizing for the gold jewellery exporters across In-

dia. Recently, many such alleged cases of harassment

have been reported not only from the customs at the

airport

Gold and silver on the Mumbai spot market saw a

sharp correction due to rupee appreciation as well as

cues from the international market. Gold closed at Rs

30,300 per 10g, down 1.5 per cent. Silver closed at Rs

46,300 a kg, down three per cent from Friday’s close.

COMMODITY BUZZ AND ECONOMIC EVENTS


10th MARCH 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

Silver Price also falls after positive job claim data on Friday. we expect price may rise in couple of days. 45800 giving price immedi-

ate support and 47500 giving resistance to the price.

BUY SILVER(MAY) ABOVE 46750 TGTS 47000/47350 SL 46400

SELL SILVER(MAY) BELOW 45800 TGTS 45550/45200 SL 46150


10th MARCH 2014


GOLD

A sharp fall seen in MCX Gold after the US nonfarm payroll data showed the US created more jobs than expected. Although it

manage to close above 30100 levels. tension between Ukraine and Rusia not over yet which is developing a positive factor for

the bullions. Gold is taking support at 29900 level, while 30500 giving resistance to the price.

BUY GOLD(APR) ABOVE 30400 TGTS 30470/30570 SL 30300

SELL GOLD(APR) BELOW 30000 TGTS 29920/29820 SL 30100


10th MARCH 2014


GUARSEED

Guarseed daily chart shows bearishness and expecting will continue in upcoming trading session momentum indica-

tor RSI is in over sold zone that shows price may go down, recommending sell on high. Immediate support @ 4550

and immediate resistance @ 4630.

BUY GUARSEED MAR ABOVE 4630 TGTS 4660,4710 SL 4580

SELL GUARSEED MAR BELOW 4550 TGTS 4520,4470 SL 4600

RESISTANCE 2 4693.30


PIVOT 4621.7

SUPPORT 1 4508.30

SUPPORT 2 4436.70


10th MARCH 2014


DHANIYA

Dhaniya daily chart, price trend bullish and will go up in future trading session ,expecting for new high from here

onwards. trend is bullish and fundamentally also supports its bullishness, momentum indicator RSI is near to over-

bought zone Immediate support @ 9490 and immediate resistance @ 9600

BUY DHANIYA APR ABOVE 9600 TGTS 9630,9680 SL 9550

SELL DHANIYA APR BELOW 9490 TGTS 9460,9610 SL 9540



PIVOT 954270

SUPPORT 1 9495.30

SUPPORT 2 9443.70


10th MARCH 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

MONDAY, MARCH 10

05:20 JPY ADJUSTED CURRENT ACCOUNT -0.59T -0.59T 0.07T

05:20 JPY CURRENT ACCOUNT N.S.A. -1.589T -1.411T -0.639T

05:20 JPY GDP (QOQ) 0.2% 0.3% 0.3%

05:20 JPY GDP (YOY) 0.7% 1.0% 1.0%

13:45 CHF RETAIL SALES (YOY) 3.3% 2.3%

17:45 CAD HOUSING STARTS 185.0K 180.2K

TODAY’S ECONOMIC EVENTS


10th MARCH 2014

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Daily commodity market report 10 march- 2014 by epic research

Economy & Finance

Transcript of Daily commodity market report 10 march- 2014 by epic research