Daily Commodity Market Report_25-Feb-2014 by EPIC RESEARCH

8/12/2019 Daily Commodity Market Report_25-Feb-2014 by EPIC RESEARCH

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25thFEBRUARY

DAILY COMMODITY REPORT

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COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE CHANGE OI (in lots)GOLD 05-APR-14 29881 30174 29881 30120 +0.81% 11549

SILVER 05-MAR-14 47310 48343 47162 47985 +1.25% 9756CRUDEOIL 19-MAR-14 6371 6421 6345 6400 -0.14% 10706

COPPER 28-FEB-14 449.1 449.1 442.4 446.4 -0.73% 7386LEAD 28-FEB-14 131.65 131.7 130.5 131.3 -0.72% 3192

NATURALGAS 25-FEB-14 384.9 402.7 342.1 345.4 -10.41% 7400NICKEL 28-FEB-14 888 890 878.2 888.8 -0.45% 4326

ZINC 28-FEB-14 126.5 127.55 126.1 127.4 -0.08% 2588ALUMINIUM 28-FEB-14 106.8 107 105.55 106.6 -0.97% 2633

DAILY MARKET WRAPUP

METAL TONNES IN STORAGEALUMINIUM -7675

COPPER -2875LEAD UNCHANGED

NICKEL -558TIN -55

ZINC -4850

LME WAREHOUSE STOCKS (24-FEB- 2014)


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COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCRUDE OIL (WTI) USD/BBL. 102.47 +0.27 +0.26% APR 14

CRUDE OIL (BRENT) USD/BBL. 110.48 -0.16 -0.14% APR 14RBOB GASOLINE USD/GAL. 282.91 -0.42 -0.15% MAR 14

NYMEX NATURAL GAS USD/MMBTU 5.43 -0.02 -0.37% MAR 14NYMEX HEATING OIL USD/GAL. 309.48 -0.44 -0.14% MAR 14

COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCOMEX GOLD USD/T OZ. 1,333.10 -4.90 -0.37% APR 14

GOLD SPOT USD/T OZ. 1,333.75 -3.22 -0.24% N/ACOMEX SILVER USD/T OZ. 21.89 +0.07 +0.32% MAY 14COMEX COPPER USD/LB. 323.50 -2.50 -0.77% MAY 14PLATINUM SPOT USD/T OZ. 1,434.38 -3.93 -0.27% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


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

ALUMINIUM 28-FEB 104.93 105.77 106.38 107.22 107.83

COPPER 28-FEB 439.27 442.83 445.97 449.53 452.67

CRUDEOIL 19-MAR 6313 6356 6389 6432 6465

GOLD 5-APR 29765 29943 30058 30236 30351

LEAD 28-FEB 129.97 130.63 131.17 131.83 132.37

NATURALGAS 26-MAR 272.87 284.33 304.77 316.23 336.67

NICKEL 28-FEB 873.9 881.3 885.7 893.1 897.5

SILVER 5-MAR 46649 47317 47830 48498 49011

ZINC 28-FEB 125.57 126.48 127.02 127.93 128.47

INTRADAY SUPPORT AND RESISTANCE


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MOST ACTIVE CONTRACTS

Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)NATURAL GAS 25-02-2014 346.00 5,17,79,592.00 1,49,652

SILVERMICRO 28-02-2014 48099.00 3,56,81,28,117.00 74,183

CRUDE OIL 19-03-2014 6405.00 32,20,81,830.00 50,286

SILVER M 28-02-2014 48094.00 2,02,97,11,082.00 42,203SILVER 05-03-2014 48078.00 1,09,82,45,754.00 22,843

COPPER 28-02-2014 446.45 99,00,028.75 22,175

COPPERMINI 28-02-2014 446.35 75,80,362.05 16,983

LEADMINI 28-02-2014 131.40 16,87,307.40 12,841

GOLD M 05-03-2014 30920.00 36,23,20,560.00 11,718

NICKEL 28-02-2014 886.90 1,03,67,861.00 11,690
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/


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TODAY,S COMMODITY NEWS

COMMODITY HEADLINESJewelers tell govt. to reduce gold import duty to 2%

Copper down 0.8% on weak global cue.

Aluminium down 0.4% on global cue.

Zinc down 0.3% on global cues, subdued spot demand

Refined soya oil up 0.2% on pick-up in demand

Potato down 0.6% on increased supply

Coriander up 1.2% on rising demand

Oil down in Asia on weaker China manufacturing sector

Crude oil up 0.5% on overseas cues

Oil holds above $100 on strong China lending data

Mentha oil down 0.1% on sluggish demand

Karnataka's mulberry silk sector losing sheen

Cotton exports pick up on rupee stability


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SPECIAL NEWSGlobal rating agency Moody's Investors Services on Mon-day warned that Indian banks will require more capital

than what the government has allocated in last week's in-

terim budget. Last Monday, India's government unveiled

its interim budget for the fiscal year starting in April, allo-

cating Rs.11,200 crore ($1.8 billion) for capital injections

into public sector banks, Moody's said. The allocation is

credit negative for public sector banks because it is much

smaller than the Rs.25,000-36,000 crore ($4.1-$5.8 billion)

that we estimated the banks needed to meet a minimum

tier 1 ratio of 8% in the fiscal year ending March 2015.

German business confidence continued to rise for a fourth

straight month in February, with the Ifo business climate

survey climbing to a better-than-expected 111.3, from

110.6 in January. Analysts surveyed by FactSet expected areading of 110.5. The index, which measures the current

business climate in Europe's largest economy and, measures

expectations for the next six months, was expected to regis-

ter the same reading as in January. The German Current

Assessment index, which measures current business condi-

tions in Germany, was at 114.4, up from January's 112.4

COMMODITY BUZZThe stocks of gold mining companies. In the recent past, these

have served as good indicators. The action in gold mining

stocks is serving as a useful lead indicator for the price of bul-

lion, with Newcrest Mining, for example, up 30% year-to-

date. Gold mining stocks were certainly a lead indicator for

the decline in gold prices last year, Wood said in his periodic

Greed and Fear report, released earlier this month. The report

added those who had taken contrarian calls on gold would

have been well rewarded.

The Indian steel market cannot but remain flat, as growth con-

tinues to elude the commodity's principal consumption points

such as construction, automobiles and machinery-building.

Braving resistance from buyers, steel makers raised prices by

Rs 1,000-1,200 a tonne in the past three months, across long

and flat products, to defray cost rises.The Indian steel marketcannot but remain flat, as growth continues to elude the com-

modity's principal consumption points such as construction,

automobiles and machinery-building. Braving resistance from

buyers, steel makers raised prices by Rs 1,000-1,200 a tonne in

the past three months, across long and flat products, to defray

cost rises.

COMMODITY BUZZ AND ECONOMIC EVENTS


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EPIC RESEARCHANALYST SPEAKS

SILVER

BUY SILVER MAR ABOVE 48250 TGTS 48450,48650 SL 47900

SELL SILVER MAR BELOW 47850 TGTS 47650,47450 SL 48200


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GOLD

GOLD APR. ABOVE 30220 TGTS 30300,30420 SL 30130

SELL GOLD APR. BELOW 30035 TGTS 29955,29825 SL 30125


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GUARGUM

Guargum March contract short term trend is "consolidate " Immediate support @ 12900 Immediate Resistance @ 13070

Today guargum March closed @ 13010. intraday range was 430 pts. trend is Sideways to bearish in daily chart. Momentum

indicate RSI is below mid range signs down side.

BUY GUARGUM ABOVE 13070 TGTS 13120,13220 SL 12990

SELL GUARGUM BELOW 12900 TGTS 12850,12750 SL 12990

RESISTANCE 2 13,507

RESISTANCE 1 13,253

PIVOT 13,077

SUPPORT 1 12,823

SUPPORT 2 12,647


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DHANIYA

Dhaniya Apr. Short term trend is "up", Immediate support @ 9235, Immediate Resistance @ 9380.

Today Dhaniya Apr. Closed @ 9358 .Intraday Range of Dhaniya Apr was 192 pts. RSI is in over bought zone, Trend is bullish

and expecting will continue it.

BUY DHANIYA ABOVE 9380 TGTS 9410,9460 SL 9330

SELL DHANIYA BELOW 9235 TGTS 9205,9155 SL 9285

RESISTANCE 2 9484

RESISTANCE 1 9409

PIVOT 9292

SUPPORT 1 9217

SUPPORT 2 9100


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MONDAY, FEBRUARY 24TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS05:20 JPY CSPI (YoY) 0.8% 1.2% 1.1%07:30 NZD Inflation Expectations (QoQ) 2.3% 2.3%

12:30 EUR German GDP (QoQ) 0.4% 0.4%

13:15 EUR French Business Survey 100 100

13:30 EUR Spanish PPI (YoY) -0.7% 0.6%

14:30 EUR Italian Retail Sales (MoM) 0.4% 0.0%

14:30 EUR Italian Retail Sales (YoY) 0.1%

15:00 GBP BBA Mortgage Approvals 47.9K 46.5K

15:30 EUR Italian Consumer Confidence 98.5 98.0

16:30 EUR Italian Trade Balance Non-EU 3.43B

19:00 CAD Corporate Profits (QoQ) 1.5%

19:25 USD Redbook (YoY) 3.2%

19:30 USD House Price Index (YoY) 7.7% 7.6%

19:30 USD House Price Index (MoM) 0.4% 0.1%

19:30 USD S&P/CS HPI Composite - 20 (YoY) 13.3% 13.7%

20:30 USD CB Consumer Confidence 80.0 80.7

20:30 USD Richmond Manufacturing Index 13 12

TODAYS ECONOMIC EVENTS


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Daily Commodity Market Report_25-Feb-2014 by EPIC RESEARCH

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Transcript of Daily Commodity Market Report_25-Feb-2014 by EPIC RESEARCH