Daily commodity report 28 feb -2014 by epic research
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Transcript of Daily commodity report 28 feb -2014 by epic research
YOUR MINTVISORY Call us at +91-731-6642300
28th FEBRUARY
DAILY COMMODITY REPORT
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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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28th FEBRUARY
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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28th FEBRUARY
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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28th FEBRUARY
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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