Daily commodity market report 21 feb-2014 by epic research

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21st FEBRUARY

DAILY COMMODITY REPORT

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21st FEBRUARY

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

GOLD 05-APR-14 29960 29980 29790 29882 -0.47 11260

SILVER 05-MAR-14 47592 47670 47151 47486 -0.56 9536

CRUDEOIL 19-MAR-14 6420 6437 6391 6414 +0.28 11016

COPPER 28-FEB-14 451 451 447.8 449.75 -0.41 7973

LEAD 28-FEB-14 133.3 133.3 132.1 132.3 -0.68 3091

NICKEL 28-FEB-14 900.5 900.5 890.1 890.9 -1.04 5367

NATURALGAS 25-FEB-14 381.4 395.5 366.1 386.2 +3.09 14974

ZINC 28-FEB-14 127.75 127.9 126.75 127.5 -0.47 2436

ALUMINIUM 28-FEB-14 107.7 107.95 106.85 107.7 -0.14 2473

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -4275

COPPER -1025

LEAD -600

NICKEL -42

TIN -165

LME WAREHOUSE STOCKS (20-FEB- 2014)


21st FEBRUARY

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 102.75 0.00 0.00% APR 14

CRUDE OIL (BRENT) USD/BBL. 110.28 -0.02 -0.02% APR 14

RBOB GASOLINE USD/GAL. 284.74 +0.08 +0.03% MAR 14

NYMEX NATURAL GAS USD/MMBTU 6.16 +0.10 +1.57% MAR 14

NYMEX HEATING OIL USD/GAL. 317.30 -0.47 -0.15% MAR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,317.80 +0.90 +0.07% APR 14

GOLD SPOT USD/T OZ. 1,317.78 -5.19 -0.39% N/A

COMEX SILVER USD/T OZ. 21.64 -0.22 -0.98% MAY 14

COMEX COPPER USD/LB. 327.70 -0.20 -0.06% MAY 14

PLATINUM SPOT USD/T OZ. 1,416.13 -1.43 -0.10% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


21st FEBRUARY

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

ALUMINIUM 28-FEB 107.05 107.50 108.15 108.60 109.25

COPPER 28-FEB 448.03 449.52 451.23 452.72 454.43

CRUDEOIL 19-MAR 6391 6414 6437 6460 6483

GOLD 5-APR 29788 29884 29978 30074 30168

LEAD 28-FEB 131.83 132.57 133.03 133.77 134.23

NATURALGAS 25-FEB 369.70 382.60 399.10 412.00 428.50

NICKEL 28-FEB 887.2 893.8 897.6 904.2 908.0

SILVER 5-MAR 47201 47436 47720 47955 48239

ZINC 28-FEB 126.87 127.38 128.02 128.53 129.17

INTRADAY SUPPORT AND RESISTANCE


21st FEBRUARY

MOST ACTIVE CONTRACTS

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

NATURAL GAS 25-02-2014 390.90 11.70 3.09%

SILVERMICRO 28-02-2014 47534.00 -259.00 -0.54%

CRUDE OIL 19-03-2014 6424.00 18.00 0.28%

SILVER M 28-02-2014 47529.00 -266.00 -0.56%

SILVER 05-03-2014 47518.00 -269.00 -0.56%

COPPER 28-02-2014 449.55 -1.85 -0.41%

LEADMINI 28-02-2014 132.40 -0.90 -0.68%

COPPERMINI 28-02-2014 449.60 -1.80 -0.40%

NICKELMINI 28-02-2014 892.30 -9.20 -1.02%

GOLD 05-04-2014 29890.00 -141.00 -0.47%


21st FEBRUARY

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Silver down 0.8% on global cues.

Hawala premiums for gold smuggling shoot up to 4%.

Gold import restriction helps parallel economy more than real economy.

Lead down 0.3% on subdued spot demand, overseas trend.

Aluminium down 0.2% on global cues.

Nickel down 0.8% on sluggish demand, global cues.

Cardamom 0.4% on pick-up in demand.

Refined soya up 0.4% on rising demand.

Potato up 0.4% on strong demand.

Crude oil up 0.5% on overseas cues.

Oil holds above $100 on strong China lending data.

Crude oil down 0.2% on Asian cues.

India's 2014/15 natural rubber imports to fall.

Recovery in rubber's growth imminent.

Cotton exports to reach 10 mn bales.


21st FEBRUARY

SPECIAL NEWS

European Commission on Thursday, the DG ECFIN

flash estimate of the consumer confidence indicator de-

creased in the euro area to -12.7 levels in February

2014, down from -11.7 in January 2014 and, to a lesser

extent, in the EU to -9.3 from -8.8 in January 2014.

Fresh selling is likely to emerge in castor seed futures

from higher levels due to fresh arrivals in local

mandies along with higher production estimates in the

current year. The NCDEX futures to encounter fresh

selling from 4222-4230 levels in the near term. As per

market sources, fresh arrivals of around 45-60 thou-

sand bags have been reported in the major mandies of

Gujarat with the price range of Rs 3600-3700 per quin-

tal Traders are expecting rise in daily arrivals from the

February end due to new supplies from Rajasthan.

The NCDEX Castor seed March delivery settled at Rs

4184 per quintal , up marginally by 0.36% in last trad-

ing. The NCDEX futures declined by almost Rs 100 per

quintal in last one week. Technically, selling is likely

to emerge from 4222-4230 levels, while supports are

likely at 4140-415 levels in the near term.

COMMODITY BUZZ

Bullion were trading lower with gold and silver lower to

$1314 and $21.6 per ounce mark; weaker by 0.4% and 1% re-

spectively at the COMEX platform. CPI could see positive up-

tick; there is a chance for negative surprise from jobless

claims due to the extremely high winter period in the US. If

the Jobless claims number disappoints heavily we could see

some gains coming into the yellow metal. On silver though

we are maintaining our selling stance while also feel the un-

derperformance in the commodity would continue in the

evening session as well.

Base metals 3M forwards at the LME platform are trading

lower in the range of 0.2% to 0.6% at the time of writing the

report. Metals pack continued to trade lower for the larger

part of the day taking negative cues from the weak manufac-

turing data from the Euro-Zone. The inventory data was posi-

tive for nickel wherein the cancelled warrants for the com-

modity increased by 1% and helped the commodity reduce its

losses from the morning session.

Crude oil's active April contract at the NYMEX is trading

marginally lower by 0.15% down to $102.65 per barrel. In the

Indian markets, prices for the March expiry are trading with

moderate gains as we adjust for the additional gains seen last

night at the NYMEX, post the closing of the MCX markets.

COMMODITY BUZZ AND ECONOMIC EVENTS


21st FEBRUARY

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is UP, Immediate support @ 45700 Immediate Resistance @ 49600.

Yesterday Intraday Range of SILVER MCX was 519. Open Interest was down. For today Keep a close eye on US data, volatility may

Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 47700 TGTS 47900/48200 SL 47350

SELL SILVER BELOW 47100 TGTS 46900/46600 SL 47450


21st FEBRUARY


GOLD

GOLD MCX Short term trend is UP, Immediate support @ 29500 Immediate Resistance @ 30500.

Yesterday Intraday Range of GOLD MCX was 190. Open Interest was down. For today Keep a close eye on US data, volatility may

Rule the overall Market due to USDINR Movements.

BUY GOLD(APR) ABOVE 29950 TGTS 30030/30130 SL 29830

SELL GOLD(APR) BELOW 29790 TGTS 29710/29610 SL 29910


21st FEBRUARY


CASTORSEED

Castor seed mar contract short term trend is "consolidate " Immediate support @ 4140 Immediate Resistance @ 4200

Yesterday Castor seed mar closed @ 4192. intraday range was 35 pts. trend is bearish to sideways Momentum indicate RSI is

below mid range signs down side. But short term trend is sideways

BUY CASTORSEED MAR ABOVE 4200 TGTS 4230,4280 SL 4150

SELL CASTORSEED MAR BELOW 4140 TGTS 4110,4060 SL 4190

RESISTANCE 1 4200.0

RESISTANCE 2 4216.0

PIVOT 4181.0

SUPPORT 1 4146.0

SUPPORT 2 4165.0


21st FEBRUARY


DHANIYA

Dhaniya April Short term trend is "Down", Immediate support @ 8930 Immediate Resistance @ 9020

Yesterday Dhaniya April Closed @ 8948 .Intraday Range of Dhaniya mar was 134 pts, but consolidating today expecting from

here Dhaniya Mar will go for new low allover trend is bullish.

BUY DHANIYA APR ABOVE 9020 TGTS 9050,9100 SL 8970

SELL DHANIYA APR BELOW 8930 TGTS 8900,8850 SL 8980

RESISTANCE 1 9022.3

RESISTANCE 2 9086.7

PIVOT 8952.7

SUPPORT 1 8888.3

SUPPORT 2 8818.7


21st FEBRUARY

FRIDAY, FEBRUARY 21

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

05:20 JPY Monetary Policy Meeting Minutes

15:00 GBP Core Retail Sales (MoM) -1.4% 2.8%

15:00 GBP Core Retail Sales (YoY) 5.0% 6.1%

15:00 GBP Retail Sales (YoY) 5.0% 5.3%

15:00 GBP Retail Sales (MoM) -1.0% 2.6%

19:00 CAD Core CPI (YoY) 1.0% 1.3%

19:00 CAD Core CPI (MoM) 0.1% -0.4%

19:00 CAD Core Retail Sales (MoM) 0.2% 0.4%

19:00 CAD CPI (YoY) 1.0% 1.2%

19:00 CAD CPI (MoM) 0.1% -0.2%

19:00 CAD Retail Sales (MoM) -1.0% 0.6%

19:30 MXN Mexican GDP (YoY) 1.1% 1.3%

20:30 USD Existing Home Sales (MoM) -4.3% 1.0%

20:30 USD Existing Home Sales 4.68M 4.87M

23:40 USD FOMC Member Bullard Speaks

TODAY’S ECONOMIC EVENTS


21st FEBRUARY

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Daily commodity market report 21 feb-2014 by epic research

Economy & Finance

Transcript of Daily commodity market report 21 feb-2014 by epic research