Daily Commodity Market Report_21-Feb-2014 by EPIC RESEARCH

8/13/2019 Daily Commodity Market Report_21-Feb-2014 by EPIC RESEARCH

1/13


2/13

YOUR MINTVISORY Call us at +91-731-6642300

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)


3/13


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


4/13


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


5/13


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%
http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/


6/13


21st FEBRUARY

TODAY,S COMMODITY NEWS

COMMODITY HEADLINESSilver 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.


7/13


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 February2014, down from -11.7 in January 2014 and, to a lesserextent, in the EU to -9.3 from -8.8 in January 2014.Fresh selling is likely to emerge in castor seed futuresfrom higher levels due to fresh arrivals in localmandies along with higher production estimates in thecurrent year. The NCDEX futures to encounter freshselling from 4222-4230 levels in the near term. As permarket sources, fresh arrivals of around 45-60 thou-sand bags have been reported in the major mandies ofGujarat with the price range of Rs 3600-3700 per quin-tal Traders are expecting rise in daily arrivals from theFebruary end due to new supplies from Rajasthan.

The NCDEX Castor seed March delivery settled at Rs4184 per quintal , up marginally by 0.36% in last trad-ing. The NCDEX futures declined by almost Rs 100 perquintal in last one week. Technically, selling is likelyto emerge from 4222-4230 levels, while supports arelikely 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 joblessclaims due to the extremely high winter period in the US. Ifthe Jobless claims number disappoints heavily we could seesome gains coming into the yellow metal. On silver thoughwe 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 tradinglower in the range of 0.2% to 0.6% at the time of writing thereport. Metals pack continued to trade lower for the largerpart 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 itslosses from the morning session.

Crude oil's active April contract at the NYMEX is tradingmarginally lower by 0.15% down to $102.65 per barrel. In theIndian markets, prices for the March expiry are trading withmoderate gains as we adjust for the additional gains seen lastnight at the NYMEX, post the closing of the MCX markets.

COMMODITY BUZZ AND ECONOMIC EVENTS


8/13


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 47350SELL SILVER BELOW 47100 TGTS 46900/46600 SL 47450


9/13


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 29830SELL GOLD(APR) BELOW 29790 TGTS 29710/29610 SL 29910


10/13


21st FEBRUARY


CASTORSEED

Castor seed mar contract short term trend is "consolidate " Immediate support @ 4140 Immediate Resistance @ 4200Yesterday 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 4150SELL 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


11/13


21st FEBRUARYEPIC RESEARCH ANALYST SPEAKS

DHANIYA

Dhaniya April Short term trend is "Down", Immediate support @ 8930 Immediate Resistance @ 9020Yesterday 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 8970SELL 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


12/13


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

TODAYS ECONOMIC EVENTS


13/13


21st FEBRUARY

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 upon 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 individuallytailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, andencourages 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 stocksrecommended. 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 ofthe 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 anyfinancial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offerto buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share ourcalls 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_21-Feb-2014 by EPIC RESEARCH

Documents

Transcript of Daily Commodity Market Report_21-Feb-2014 by EPIC RESEARCH