Daily commodity market report 13 march - 2014 by epic research

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13th MARCH 2014

DAILY COMMODITY REPORT

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13th MARCH 2014

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

GOLD 05-APR-14 30280.00 30546.00 30280.00 30247.00 0.83 12759

SILVER 05-MAR-14 46050.00 46970.00 45921.00 45897.00 1.92 10365

CRUDEOIL 19-MAR-14 6120.00 6120.00 5965.00 6134.00 -2.41 9471

COPPER 26-MAR-14 283.00 284.40 272.90 281.70 -1.42 10908

LEAD 30-APR-14 401.90 406.35 397.35 402.70 0.10 22697

NICKEL 31-MAR-14 946.00 963.40 939.60 946.60 0.93 8745

ZINC 31-MAR-14 124.50 125.40 122.55 124.45 -0.56 3733

NATURALGAS 31-MAR-14 122.50 123.35 121.10 122.25 -0.78 3434

ALUMINIUM 31-MAR- 14 105.90 106.45 104.95 105.55 0.33 3746

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -9875

COPPER -2100

LEAD -225

NICKEL -828

ZINC 1325

LME WAREHOUSE STOCKS (12-MAR- 2014)


13th MARCH 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 98.12 -1.91 -1.91% APR 14

CRUDE OIL (BRENT) USD/BBL. 108.25 +0.23 +0.21% APR 14

RBOB GASOLINE USD/GAL. 295.72 -0.98 -0.33% APR 14

NYMEX NATURAL GAS USD/MMBTU 4.48 -0.01 -0.31% APR 14

NYMEX HEATING OIL USD/GAL. 292.74 -3.36 -1.13% APR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,369.90 +23.20 +1.72% APR 14

GOLD SPOT USD/T OZ. 1,373.26 +6.42 +0.47% N/A

COMEX SILVER USD/T OZ. 21.35 -0.01 -0.06% MAY 14

COMEX COPPER USD/LB. 297.10 +0.90 +0.30% MAY 14

PLATINUM SPOT USD/T OZ. 1,478.13 +2.63 +0.18% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


13th MARCH 2014

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

ALUMINIUM 31-MAR 103.65 104.30 105.15 105.80 106.65

COPPER 30-APR 388.92 393.13 397.92 402.13 406.92

CRUDEOIL 19-MAR 5770 5868 5925 6023 6080

GOLD 5-APR 30053 30167 30319 30433 30585

LEAD 31-MAR 119.62 121.08 122.47 123.93 125.32

NATURALGAS 26-MAR 260.57 266.73 272.07 278.23 283.57

NICKEL 31-MAR 917.8 928.6 941.9 952.7 966.0

SILVER 5-MAY 45089 45505 46138 46554 47187

ZINC 31-MAR 118.27 119.68 120.52 121.93 122.77

INTRADAY SUPPORT AND RESISTANCE


13th MARCH 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 30-04-2014 46806.00 5,07,93,87,120.00 1,08,520

CRUDE OIL 19-03-2014 5986.00 47,28,22,168.00 78,988

COPPER 30-04-2014 403.10 2,62,19,236.40 65,044

NATURAL GAS 26-03-2014 277.70 1,64,67,887.70 59,301

SILVER M 30-04-2014 46802.00 2,33,52,79,394.00 49,897

COPPERMINI 30-04-2014 403.05 1,67,06,825.55 41,451

NICKEL 31-03-2014 955.40 3,31,29,450.40 34,676

SILVER 05-05-2014 46778.00 1,23,91,49,220.00 26,490

LEADMINI 31-03-2014 123.70 31,62,514.20 25,566

NICKELMINI 31-03-2014 955.50 2,35,81,740.00 24,680


13th MARCH 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold extends gains to 5-1/2 mth high on safe-haven demand

Silver up 1.3% on global cues, short-covering

NRIs on short trips barred from gold imports

Copper down 0.2% on weak global cues

Nickel down 0.1% on global trends, subdued spot demand

Goan exporters see boom pass by as ore fails to move

Cardamom down 1.2% on profit-booking

Palm oil down 0.7% on subdued demand

Potato up 0.2% on pick-up in demand

Oil prices ease on weak Chinese trade data

Oil prices up on US jobs optimism, Ukraine

Oil prices mixed as Ukraine fears recede

Low prices abroad fuel rubber imports' surge

Mentha oil down 0.7% on profit-booking

Govt might alter shareholding norms for comexes


13th MARCH 2014

SPECIAL NEWS

The Organization of the Petroleum Exporting

Countries raised its oil demand growth for the sec-

ond month in a row. In its monthly oil market re-

port, the cartel of some of the world's biggest oil

producers upgraded its forecast for demand growth

this year by 50,000 barrels a day, after tweaking its

expectations higher by the same amount last

month. The producer group now expects oil de-

mand to increase by 1.14 million barrels a day this

year,

The index of industrial production (IIP) in January

stood at positive 0.1%, depicting sort of a consoli-

dation in the manufacturing activity. Eleven out of

twenty two industry groups in the manufacturing

sector witnessed positive growth in January as

compared to the corresponding month of the pre-

vious year.

COMMODITY BUZZ

in the last few weeks, premia on buying dollars from

the unofficial hawala market has fallen from 4-4.5 per

cent to 2.5-2.6 per cent. Sources in the bullion sector

say the demand for gold, which led to the demand for

dollars in the hawala market, has declined in the past

two months. As international gold prices are quite

high (about $1,350/ounce) and importers in the ha-

wala market might record losses in case of a sudden

price correction

Gold climbed for a second session on Wednesday to

its highest in 5-1/2 months, as global uncertainty over

economic growth and tensions in Ukraine burnished

the metal's safe-haven appeal. Weakness in equities

and base metals, along with technical buying, pro-

pelled gold prices through resistance at $1,355 an

ounce,

COMMODITY BUZZ AND ECONOMIC EVENTS


13th MARCH 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is UP Immediate support @ 45500 Immediate Resistance @ 48400

SILVER MCX Closed @ 45897.00 . Yesterday Intraday Range of SILVER MCX was 1264. Open Interest was UP +2.08,

Volumes were 29240 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR

Movements.

BUY SILVER(MAY) ABOVE 46950 TGTS 47150/47500 SL 46600

SELL SILVER(MAY) BELOW 46600 TGTS 46400/46050 SL 47000


13th MARCH 2014


GOLD

GOLD MCX Short term trend is UP Immediate support @ 30350 Immediate Resistance @ 30700

GOLD MCX Closed @30247.00 . Yesterday Intraday Range of GOLD MCX was 372. Open Interest was UP +3.05, Vol-

umes were 17287 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR

Movements.

BUY GOLD(APR) ABOVE 30530 TGTS 30610/30710 SL 30420

SELL GOLD(APR) BELOW 30350 TGTS 30270/30170 SL 30460


13th MARCH 2014


GUARSEED

BUY GUARSEED APR ABOVE 4665 TGTS 4635,4585 SL 4615

SELL GUARSEED APR BELOW 4610 TGTS 4580,4530 SL 4650

RESISTANCE 2 4616.7

RESISTANCE 1 4653.3

PIVOT 4568.3

SUPPORT 1 4531.7

SUPPORT 2 4483.3


13th MARCH 2014


DHANIYA

BUY DHANIYA ABOVE 9595 TGTS 9625,9675 SL 9545

SELL DHANIYA BELOW 9520 TGTS 9490,9440 SL 9570

RESISTANCE 2 9639.3

RESISTANCE 1 9709.7

PIVOT 9579.7

SUPPORT 1 9509.3

SUPPORT 2 9449.7


13th MARCH 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

THURSDAY, MARCH 13

01:30 NZD INTEREST RATE DECISION 2.75% 2.75% 2.50%

01:30 NZD RBNZ RATE STATEMENT

06:00 AUD EMPLOYMENT CHANGE 47.3K 18.0K 18.0K

11:00 CNY CHINESE INDUSTRIAL PRODUCTION (YOY) 9.5% 9.7%

18:00 USD CORE RETAIL SALES (MOM) 0.2% 0.0%

18:00 USD RETAIL SALES (MOM) 0.2% -0.4%

TODAY’S ECONOMIC EVENTS


13th MARCH 2014

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Daily commodity market report 13 march - 2014 by epic research

Economy & Finance

Transcript of Daily commodity market report 13 march - 2014 by epic research