Daily commodity market report 07-march-2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

7th MARCH 2014

DAILY COMMODITY REPORT

Our Presence

Epic Research India

411 Milinda Manor (Suites 409- 417)

2 RNT Marg. Opp Cental Mall

Indore (M.P.)

Hotline: +91 731 664 2300

Alternate: +91 731 664 2320

Or give us a missed call at

026 5309 0639

HNI & NRI Sales Contact Australia

Mintara Road, Tarneit, Victoria. Post Code 3029

Phone.: +61 422 063855

HNI & NRI Sales Contact USA

2117 Arbor Vista Dr. Charlotte (NC)

Cell: +1 704 249 2315

Toll Free Number

1-800-200-9454

All queries should be directed to

[email protected]


7th MARCH 2014

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

GOLD 05-APR-14 30082.00 30226.00 29900.00 30158.00 0.16 12691

SILVER 05-MAR-14 46953.00 47360.00 46436.00 47048.00 0.51 10233

CRUDEOIL 19-MAR-14 6263.00 6263.00 6142.00 6274.00 -1.99 13302

COPPER 26-MAR-14 280.50 287.00 276.70 280.00 1.29 13097

LEAD 30-APR-14 438.20 438.90 435.60 438.90 -0.63 15563

NICKEL 31-MAR-14 932.40 952.40 927.10 934.00 1.21 9740

ZINC 31-MAR-14 130.00 130.65 128.90 130.20 -0.35 3825

NATURALGAS 31-MAR-14 130.00 130.00 128.60 130.35 -1.27 3262

ALUMINIUM 31-MAR- 14 107.10 108.10 106.35 107.40 0.28 2695

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -6900

COPPER -1500

LEAD 1325

NICKEL -996

ZINC 8150

LME WAREHOUSE STOCKS (06-MAR- 2014)


7th MARCH 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 101.70 +0.25 +0.25% APR 14

CRUDE OIL (BRENT) USD/BBL. 108.20 +0.10 +0.09% APR 14

RBOB GASOLINE USD/GAL. 294.59 +0.56 +0.19% APR 14

NYMEX NATURAL GAS USD/MMBTU 4.64 -0.02 -0.43% APR 14

NYMEX HEATING OIL USD/GAL. 298.32 -0.90 -0.30% APR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,350.50 +10.20 +0.76% APR 14

GOLD SPOT USD/T OZ. 1,350.58 -0.24 -0.02% N/A

COMEX SILVER USD/T OZ. 21.55 -0.03 -0.13% MAY 14

COMEX COPPER USD/LB. 321.75 +1.50 +0.47% MAY 14

PLATINUM SPOT USD/T OZ. 1,484.63 -1.06 -0.07% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


7th MARCH 2014

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

ALUMINIUM 31-MAR 105.63 106.67 107.38 108.42 109.13

COPPER 30-APR 433.73 435.17 437.03 438.47 440.33

CRUDEOIL 19-MAR 6011 6064 6164 6217 6317

GOLD 5-APR 29780 29994 30115 30329 30450

LEAD 31-MAR 128.08 129.02 129.83 130.77 131.58

NATURALGAS 26-MAR 271.80 277.20 282.10 287.50 292.40

NICKEL 31-MAR 916.9 931.9 942.2 957.2 967.5

SILVER 5-MAY 46073 46633 46997 47557 47921

ZINC 31-MAR 127.73 128.27 129.13 129.67 130.53

INTRADAY SUPPORT AND RESISTANCE


7th MARCH 2014

MOST ACTIVE CONTRACTS

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

NATURAL GAS 26-03-2014 283.60 2,38,48,207.60 84,091

SILVERMICRO 30-04-2014 47300.00 3,89,34,99,500.00 82,315

CRUDE OIL 19-03-2014 6149.00 42,09,54,391.00 68,459

SILVER M 30-04-2014 47306.00 2,02,65,89,040.00 42,840

NICKEL 31-03-2014 945.30 2,61,81,974.10 27,697

NICKELMINI 31-03-2014 945.30 2,19,35,686.50 23,205

SILVER 05-05-2014 47290.00 97,69,64,110.00 20,659

COPPER 30-04-2014 436.15 89,96,029.90 20,626

GOLD M 04-04-2014 30415.00 62,25,95,050.00 20,470

LEADMINI 31-03-2014 129.80 25,64,588.40 19,758


7th MARCH 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Silver futures marginally up on global cues

Silver imports set to fall as govt may ease curbs on gold

Silver down 0.3% on profit-booking

Aluminium down 0.3% on global cues

Zinc down by 0.4% on global cues

Lead down by 0.5% on subdued spot demand

Coffee output dips 12% in 2013-14

Australia cautions India over processed food exports

Stable maize prices to aid starch makers

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

Crude oil down 0.8% on weak Asian cues

Govt push for plastic packing of foodgrains to hit jute mills


7th MARCH 2014

SPECIAL NEWS

The purchasing managers' index for China's non-

manufacturing sector rose to 55 percent in February,

from 53.4 percent in January. This marks the first re-

bound after a three-month decline. The sub-index for

the service sector went up 2.3 percentage points to

53.8 percent. Construction edged down 1.1 percentage

points to 59.9 percent. The index for the business out-

look picked up 1.8 percentage points to just under 60.

The steep fall in the country’s current account deficit

(CAD) is being seen as a big relief and the equity and

currency markets have responded positively. The cor-

rection was triggered by a sharp fall in gold import;

these are likely to be half of what it was in 2012-13.

The gold import bill was only $21 billion in the first

three quarters of this year, Asia Economist

of Nomura Financial Services.“The curbs, along with

lower gold prices, may lower imports to around $25

billion in FY14 from $53.8 billion in FY13 .

COMMODITY BUZZ

Gold traded down for third day as investors shifted to

equities on easing Ukraine crisis, meanwhile investors

were looking for the policy decision by BOE, ECB and

US Job data scheduled to release later yesterday Euro-

pean Union leaders are meeting in Brussels for a sum-

mit Thursday to discuss the Ukraine crisis and poten-

tial action the EU can take against Russia over its

military actions in Crimea. Asian indices ended

mostly higher on Thursday and European stocks were

higher,

The COMEX gold April delivery quotes at $1,335.30,

down $5 a troy ounce and May Silver quotes at

$21.163 an ounce, down $0.108. Local Gold futures

fell for third day tracking the weak global cues amid

strong Indian rupee against greenback. Indian rupee

appreciated to nearly two months high against the US

dollar with the counter quotes at Rs 61.24, 0.86% ap-

preciated over last close.MCX Gold April quotes at Rs

29,997, down Rs 165 per 10 grams

COMMODITY BUZZ AND ECONOMIC EVENTS


7th MARCH 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is UP, Immediate support @ 46200Immediate Resistance @ 48400 SILVER MCX Closed

@47048.00 Yesterday Intraday Range of SILVER MCX was 924. Open Interest was UP +0.34%, Volumes were 21475 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 46900 TGTS 46700/46400 SL 47250


7th MARCH 2014


GOLD

GOLD MCX Short term trend is UP, Immediate support @ 29700Immediate Resistance @ 30500

GOLD MCX Closed @ 30158.00. Yesterday Intraday Range of GOLD MCX was 335. Open Interest was UP +3.97%,

Volumes were 18580 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to US-

DINR Movements.

BUY GOLD(APR) ABOVE 30270 TGTS 30350/30450 SL 30150

SELL GOLD(APR) BELOW 30120 TGTS 30040/29940 SL 30240


7th MARCH 2014


GUARSEED

Guarseed 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 @ 4705 and immediate resistance @ 4790.

BUY GUARSEED ABOVE 4790 TGTS 4820,4870 SL 4740

SELL GUARSEED BELOW 4705 TGTS 4675,4625 SL 4755

RESISTANCE 2 4780

RESISTANCE 1 4815

PIVOT 4845

SUPPORT 1 4710

SUPPORT 2 4675


7th MARCH 2014


DHANIYA

Dhaniya daily chart, price chart bullish and will go up in future trading session ,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 @ 9505 and immediate resistance @ 9585

BUY DHANIYA ABOVE 9585 TGTS 9615,9665 SL 9535

SELL DHANIYA BELOW 9505 TGTS 9475,9425 SL 9555

RESISTANCE 2 9662.7

RESISTANCE 1 9771.3

PIVOT 9491.3

SUPPORT 1 9382.7

SUPPORT 2 9211.3


7th MARCH 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

FRIDAY, MARCH 7

04:00 AUD RBA GOVERNOR STEVENS SPEAKS

12:15 CHF UNEMPLOYMENT RATE N.S.A. 3.5% 3.5%

12:15 CHF UNEMPLOYMENT RATE S.A. 3.2% 3.2%

13:45 CHF SWISS CPI (MOM) 0.2% -0.3%

16:30 EUR GERMAN INDUSTRIAL PRODUCTION (MOM) 0.7% -0.6%

19:00 CAD EMPLOYMENT CHANGE 15.0K 29.4K

19:00 CAD EXPORTS 40.00B 39.72B

19:00 CAD LABOR PRODUCTIVITY (QOQ) 0.6% 0.2%

19:00 CAD TRADE BALANCE -1.60B -1.66B

19:00 CAD UNEMPLOYMENT RATE 7.0% 7.0%

19:00 USD AVERAGE HOURLY EARNINGS (MOM) 0.2% 0.2%

19:00 USD NONFARM PAYROLLS 149K 113K

19:00 USD PRIVATE NONFARM PAYROLLS 154K 142K

19:00 USD TRADE BALANCE -39.00B -38.70B

19:00 USD UNEMPLOYMENT RATE 6.6% 6.6%

19:30 MXN MEXICAN CPI (YOY) 4.20% 4.48%

22:30 USD FOMC MEMBER DUDLEY SPEAKS

TODAY’S ECONOMIC EVENTS


7th MARCH 2014

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any re-

sponsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up

on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually

tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and

encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on

the information given in this report, which is in violation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all es-

timates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks

recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex-

pressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of

the information is the acceptance of this disclaimer. All Rights Reserved.

Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any

financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer

to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our

calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then

Serious Legal Actions can be taken.

DISCLAIMER

Daily commodity market report 07-march-2014 by epic research

Economy & Finance

Transcript of Daily commodity market report 07-march-2014 by epic research