Daily commodity report 28 feb -2014 by epic research

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YOUR MINTVISORY Call us at +91-731-6642300 28 th FEBRUARY 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]

Transcript of Daily commodity report 28 feb -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

28th FEBRUARY

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]

YOUR MINTVISORY Call us at +91-731-6642300

28th FEBRUARY

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

GOLD 05-APR-14 30090 30185 30010 30089 +0.17% 12134

SILVER 05-MAR-14 46804 46924 46289 46505 -0.18% 6875

CRUDEOIL 19-MAR-14 6386 6419 6331 6348 -0.77% 11296

COPPER 28-FEB-14 445 446.45 442.55 443.1 -0.27% 6125

NATURALGAS 26-MAR-14 282.2 284.8 277.3 283.2 -0.63% 10879

LEAD 28-FEB-14 130.9 131.65 129.95 131.5 +0.04% 2286

NICKEL 28-FEB-14 883.3 894.8 879 893.2 +0.94% 2567

ZINC 28-FEB-14 128.6 129.75 128.35 129.5 +0.35% 2409

ALUMINIUM 28-FEB-14 106.8 107.25 106.3 107.1 -0.42% 2021

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -6950

COPPER -2050

LEAD -150

NICKEL -186

TIN 50

ZINC -3450

LME WAREHOUSE STOCKS (27-FEB- 2014)

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28th FEBRUARY

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 102.05 -0.54 -0.53% APR 14

CRUDE OIL (BRENT) USD/BBL. 108.88 -0.08 -0.07% APR 14

RBOB GASOLINE USD/GAL. 275.64 -0.54 -0.20% MAR 14

NYMEX NATURAL GAS USD/MMBTU 4.48 -0.03 -0.62% APR 14

NYMEX HEATING OIL USD/GAL. 308.00 -4.81 -1.54% MAR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,332.50 +0.70 +0.05% APR 14

GOLD SPOT USD/T OZ. 1,331.13 -0.16 -0.01% N/A

COMEX SILVER USD/T OZ. 21.32 +0.03 +0.15% MAY 14

COMEX COPPER USD/LB. 320.45 +0.35 +0.11% MAY 14

PLATINUM SPOT USD/T OZ. 1,450.63 -2.00 -0.14% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS

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28th FEBRUARY

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

ALUMINIUM 31-MAR 107.37 107.88 108.32 108.83 109.27

COPPER 30-APR 439.65 441.15 442.75 444.25 445.85

CRUDEOIL 19-MAR 6278 6313 6366 6401 6454

GOLD 5-APR 29920 30004 30095 30179 30270

LEAD 31-MAR 130.70 131.65 132.20 133.15 133.70

NATURALGAS 26-MAR 274.27 278.73 281.77 286.23 289.27

NICKEL 31-MAR 878.9 888.5 894.3 903.9 909.7

SILVER 5-MAY 46960 47243 47603 47886 48246

ZINC 31-MAR 127.30 128.00 128.55 129.25 129.80

INTRADAY SUPPORT AND RESISTANCE

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MOST ACTIVE CONTRACTS

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

NATURAL GAS 26-03-2014 282.40 1,89,86,599.20 67,233

CRUDE OIL 19-03-2014 6348.00 25,63,70,328.00 40,386

SILVERMICRO 28-02-2014 46560.00 1,50,90,09,600.00 32,410

SILVER M 28-02-2014 46560.00 86,53,17,600.00 18,585

SILVER 05-03-2014 46558.00 49,78,44,694.00 10,693

LEADMINI 28-02-2014 131.40 12,21,363.00 9,295

NICKEL 28-02-2014 892.80 64,52,265.60 7,227

GOLD 05-04-2014 30092.00 21,65,72,124.00 7,197

COPPER 28-02-2014 443.40 29,41,072.20 6,633

NICKELMINI 28-02-2014 892.80 50,03,251.20 5,604

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28th FEBRUARY

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Silver down 0.3% on global cues.

US consumers demand higher caratage of gold.

Track gold miners' stocks to predict price trends.

Nickel up 0.1% on spot demand, global cues.

Copper extend weakness on global cues.

Zinc rises 0.24% on global cues.

Hybrid seeds new growth area in agro-chemicals.

Dairy sector upbeat on revenue growth in FY14.

Onion price rises 50% in 2 weeks.

Oil prices up ahead of US stockpiles report.

Oil prices down in Asian trade.

Oil rebounds after G20 vows to spur global growth.

FMC might link trade positions with open interest.

Mentha oil up 0.6% on pick up in demand.

Rubber imports fill demand-supply gap.

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28th FEBRUARY

SPECIAL NEWS

Japanese consumer prices rose a bit more sharply than ex-

pected in January, government data showed Friday, as the

economy crawls out of more than a decade of deflation. The

nationwide core consumer price index rose 1.3% from a year

earlier in January, gaining for the eighth month in a row, the

Ministry of Internal Affairs and Communications said. The

index, which strips out volatile costs of perishables, also

climbed 1.3% in December, then the sharpest rise in over five

years. Hopes are rising that Japan is finally winning its battle

against 15 years of deflation, which has inhibited growth by

reducing revenue.

U.K. consumers were more optimistic in February about the

outlook for the economy over the coming 12 months, but less

prepared to make major purchases, a survey showed Fri-

day.Based on a survey of 2,000 people conducted between Jan.

31 and Feb. 16, the headline measure of consumer confidence

from research firm GfK was unchanged at -7. But details of

the survey showed that consumers were more upbeat about

the economy's prospects, a development that will be welcome

news for the government as a general election looms in May

2015.

COMMODITY BUZZ

Jignesh Shah-promoted Financial Technologies (FTIL) ap-

pointed a committee to oversee its restructuring plan, which

includes divesting up to 24 per cent stake in the Multi-

Commodities Exchange (MCX). At a meeting, the board ap-

pointed a panel to propose and oversee a restructuring plan

for FTIL in its efforts to charter a new growth path The plan

will also include FTIL divesting up to 24 per cent in MCX in

the long-term interest of both FTIL and MCX. The committee

may consider divestment of FTIL's investment in other ex-

changes as a part of the restructuring.

Bullion reversed early losses and rose to its highest in four

months on Wednesday as data raised questions about the

strength of the US economy, burnishing gold's safe-haven ap-

peal. Investors have poured back into the metal on worries

about economic conditions in the United States and also

China, which is now dealing with unprecedented growth in

corporate debt. Gold was up 0.22 per cent at $1,343.10 an

ounce as of 0700 GMT after touching $1,345.35, its highest

since late October. It had earlier hit an intraday low of

$1,337.04. Despite recent gains, bullion remains well below

an all-time high of around $1,920, struck in 2011.

COMMODITY BUZZ AND ECONOMIC EVENTS

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EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER DAILY CHART TREND IS bullish consolidating in upper level. expecting will continue rally,

RSI indicator is near to over bought zone. Immediate support @ 46200and Immediate resistance @ 46820

BUY SILVER MAR ABOVE 46820 TGTS 47020,47220 SL 46470

SELL SILVER MAR BELOW 46200 TGTS 46000,45800 SL 46500

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EPIC RESEARCH– ANALYST SPEAKS

GOLD

GOLD Price is near to its resistance level trend is sideways to bullish, MACD is above mid range signs bullishness

immediate support @30005 & immediate resistance @ 30185.

BUY GOLD APR ABOVE 30185 TGTS 30235,30315 SL 30100

SELL GOLD APR BELOW 30005 TGTS 29955,29875 SL 30090

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28th FEBRUARY

EPIC RESEARCH– ANALYST SPEAKS

GUARGUM

Guargum 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 @ 12850 and immediate resistance @ 13090.

BUY GUARGUM ABOVE 13090 TGTS 13140,13220 SL 13000

SELL GUARGUM BELOW 12850 TGTS 12800,12720 SL 12940

RESISTANCE 2 13213.3

RESISTANCE 1 13,066.7

PIVOT 12943.3

SUPPORT 1 12796.7

SUPPORT 2 12673.3

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28th FEBRUARY

EPIC RESEARCH– ANALYST SPEAKS

DHANIYA

In Dhaniya daily chart, it is consolidating in upper level, expecting from new high from here onwards

trend is bullish and fundamentally also its bullish, momentum indicator RSI is near to overbought zone

upcoming trading session may change the trend. Immediate support @ 9255 and immediate resistance @ 9350

BUY DHANIYA ABOVE 9350 TGTS 9380,9430 SL 9300

SELL DHANIYA BELOW 9255 TGTS 9225,9175 SL 9305

RESISTANCE 2 9421.3

RESISTANCE 1 9362.7

PIVOT 9281.3

SUPPORT 1 9222.7

SUPPORT 2 9141.3

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28th FEBRUARY

FRIDAY, FEBRUARY 28

FRI COUNTRY EVENT ACTUAL FORECAST PREVIOUS

03:15 NZD BUILDING CONSENTS (MOM) -8.3% -3.5% 7.1%

05:00 JPY HOUSEHOLD SPENDING (YOY) 1.1% 0.2% 0.7%

05:00 JPY NATIONAL CORE CPI (YOY) 1.3% 1.2% 1.3%

05:00 JPY TOKYO CORE CPI (YOY) 0.9% 0.8% 0.7%

05:20 JPY INDUSTRIAL PRODUCTION (MOM) 4.0% 3.0% 0.9%

05:20 JPY RETAIL SALES (YOY) 4.4% 3.8% 2.6%

06:00 AUD PRIVATE SECTOR CREDIT (MOM) 0.4% 0.4% 0.5%

07:30 NZD ANZ BUSINESS CONFIDENCE 70.8% 64.1%

12:30 EUR GERMAN RETAIL SALES (MOM) 1.0% -2.5%

12:30 GBP NATIONWIDE HPI (MOM) 0.6% 0.7%

13:15 EUR FRENCH CONSUMER SPENDING (MOM) 0.2% -0.1%

13:30 CHF KOF LEADING INDICATORS 2.00 1.98

15:30 EUR CORE CPI (YOY) 0.8% 0.8%

15:30 EUR CPI (YOY) 0.7% 0.8%

15:30 EUR UNEMPLOYMENT RATE 12.0% 12.0%

TODAY’S ECONOMIC EVENTS

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28th FEBRUARY

FRIDAY, FEBRUARY 28

FRI COUNTRY EVENT ACTUAL FORECAST PREVIOUS

15:30 USD FOMC MEMBER FISHER SPEAKS

19:00 CAD GDP (QOQ) 0.7%

19:00 CAD GDP (MOM) -0.2% 0.2%

19:00 USD GDP (QOQ) 2.5% 3.2%

19:00 USD GDP PRICE INDEX (QOQ) 1.3% 1.3%

20:15 USD CHICAGO PMI 57.0 59.6

20:25 USD MICHIGAN CONSUMER SENTIMENT 81.3 81.2

20:30 USD PENDING HOME SALES (MOM) 2.0% -8.7%

20:45 USD FOMC MEMBER STEIN SPEAKS

21:00 GBP BOE GOV CARNEY SPEAKS

TODAY’S ECONOMIC EVENTS

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28th FEBRUARY

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