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DAILY COMMODITY REPORT 10th MARCH 2014

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DAILY MARKET WRAPUP 10th MARCH 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05-APR-14

30202.00

30340.00

29930.00

30209.00

-0.33

12403

SILVER

05-MAR-14

47134.00

47424.00

45835.00

47194.00

-2.10

11651

CRUDEOIL

19-MAR-14

6161.00

6307.00

6131.00

6118.00

2.81

11424

COPPER

26-MAR-14

283.90

286.60

282.20

282.60

0.32

12211

LEAD

30-APR-14

436.05

437.15

421.20

436.60

-3.47

20752

NICKEL

31-MAR-14

945.30

950.80

932.20

947.00

-1.28

8309

ZINC

31-MAR-14

130.10

130.60

127.40

129.95

-1.65

4125

NATURALGAS

31-MAR-14

128.20

129.30

125.85

128.80

-2.02

3166

ALUMINIUM

31-MAR- 14

107.85

108.20

106.15

107.70

-1.02

3400

LME WAREHOUSE STOCKS (07-MAR- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

10825

COPPER

-3175

LEAD

UNCH

NICKEL

1254

ZINC

15875 Call us at +91-731-6642300


INTERNATIONAL MARKETS 10th MARCH 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,331.60

-6.60

-0.49%

APR 14

GOLD SPOT

USD/T OZ.

1,333.76

-6.22

-0.46%

N/A

COMEX SILVER

USD/T OZ.

20.74

-0.19

-0.90%

MAY 14

COMEX COPPER

USD/LB.

303.45

-4.80

-1.56%

MAY 14

PLATINUM SPOT

USD/T OZ.

1,472.31

-10.19

-0.69%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

102.42

-0.16

-0.16%

APR 14

CRUDE OIL (BRENT)

USD/BBL.

108.63

-0.37

-0.34%

APR 14

RBOB GASOLINE

USD/GAL.

296.51

-0.87

-0.29%

APR 14

NYMEX NATURAL GAS

USD/MMBTU

4.62

-0.00

-0.04%

APR 14

NYMEX HEATING OIL

USD/GAL.

299.69

-1.52

-0.50%

APR 14

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INTRADAY SUPPORT AND RESISTANCE 10th MARCH 2014

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

ALUMINIUM

31-Mar

104.93

105.77

106.98

107.82

109.03

COPPER

30-Apr

410.43

415.92

426.53

432.02

442.63

CRUDEOIL

19-Mar

6068

6187

6249

6368

6430

GOLD

5-Apr

29723

29927

30133

30337

30543

LEAD

31-Mar

125.38

126.57

128.58

129.77

131.78

NATURALGAS

26-Mar

279.63

281.47

284.03

285.87

288.43

NICKEL

31-Mar

921.2

928.9

939.8

947.5

958.4

SILVER

5-May

44899

45552

46488

47141

48077

ZINC

31-Mar

123.65

124.90

127.10

128.35

130.55

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MOST ACTIVE CONTRACTS 10th MARCH 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

30-04-2014

46236.00

4,60,31,17,452.00

99,557

CRUDE OIL

19-03-2014

6290.00

40,58,30,800.00

64,520

SILVER M

30-04-2014

46230.00

2,40,89,06,610.00

52,107

COPPER

30-04-2014

421.45

2,15,21,765.70

51,066

NATURAL GAS

26-03-2014

283.50

1,33,16,278.50

46,971

COPPERMINI

30-04-2014

421.40

1,51,49,751.40

35,951

NICKEL

31-03-2014

934.90

2,97,06,447.50

31,775

SILVER

05-05-2014

46201.00

1,32,68,46,519.00

28,719

NICKELMINI

31-03-2014

935.10

2,30,61,436.20

24,662

LEADMINI

31-03-2014

127.75

31,32,046.75

24,517

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TODAY,S COMMODITY NEWS 10th MARCH 2014

COMMODITY HEADLINES

Indian gold premiums fall to five-month low ahead of elections Lower CAD gives room to relax gold import curbs Silver futures marginally up on global cues Lead up 0.3% on rising demand, global cues Zinc up 0.2% on global cues Copper down 0.2% on weak global cues Despite lower arrivals, jaggery prices head south Castor seed among top-traded counters on NCDEX Soyameal exports fall 68% in February Oil prices mixed as Ukraine fears recede Oil prices mixed, eyes on Ukraine crisis Oil prices surge as Ukraine mobilises army Mentha oil down 0.5% on profit-booking Crude oil down 0.8% on weak Asian cues

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COMMODITY BUZZ AND ECONOMIC EVENTS 10th MARCH 2014

SPECIAL NEWS

COMMODITY BUZZ

Total nonfarm payroll employment in U.S. in-

India Bullion and Jewellers Association Ltd (IBJA) has

creased by 175,000 in February, and the unem-

declared March 10 as ‘black day’ and urged bullion

ployment rate was little changed at 6.7 percent, up

dealers and jewellery retailers to keep shops shut to

from 6.6% in January, the U.S. Bureau of Labor

protest alleged harassment by the customs. IBJA

Statistics reported today. Employment increased in

President Mohit Kamboj said, “Growing burden and

professional and business services and in wholesale

harassment from unfair norms announced over the

trade but declined in information.

last few years have been very disappointing and demoralizing for the gold jewellery exporters across In-

The global Corn futures soared to $5 a bushel lev-

dia. Recently, many such alleged cases of harassment

els yesterday on concerns of the Ukraine crisis and

have been reported not only from the customs at the

dryness in Brazil. Corn futures for May delivery,

airport

tested $5.0250 a bushel in Chicago, topping $5 a bushel for the first time since August last year. The

Gold and silver on the Mumbai spot market saw a

gains came amid continuing unease in Ukraine,

sharp correction due to rupee appreciation as well as

whose southern Crimea region will on March 16

cues from the international market. Gold closed at Rs

vote on joining Russia in a poll condemned in

30,300 per 10g, down 1.5 per cent. Silver closed at Rs

Kiev, and which has been seen as fuelling east-

46,300 a kg, down three per cent from Friday’s close.

west tensions over the crisis.

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EPIC RESEARCH– ANALYST SPEAKS 10th MARCH 2014

SILVER

Silver Price also falls after positive job claim data on Friday. we expect price may rise in couple of days. 45800 giving price immediate support and 47500 giving resistance to the price.

BUY SILVER(MAY) ABOVE 46750 TGTS 47000/47350 SL 46400 SELL SILVER(MAY) BELOW 45800 TGTS 45550/45200 SL 46150

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EPIC RESEARCH– ANALYST SPEAKS 10th MARCH 2014

GOLD

A sharp fall seen in MCX Gold after the US nonfarm payroll data showed the US created more jobs than expected. Although it manage to close above 30100 levels. tension between Ukraine and Rusia not over yet which is developing a positive factor for the bullions. Gold is taking support at 29900 level, while 30500 giving resistance to the price.

BUY GOLD(APR) ABOVE 30400 TGTS 30470/30570 SL 30300 SELL GOLD(APR) BELOW 30000 TGTS 29920/29820 SL 30100

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EPIC RESEARCH– ANALYST SPEAKS 10th MARCH 2014

GUARSEED

RESISTANCE 2

4693.30

RESISTANCE 1

4806.70

PIVOT

4621.7

SUPPORT 1

4508.30

SUPPORT 2

4436.70

Guarseed daily chart shows bearishness and expecting will continue in upcoming trading session momentum indicator RSI is in over sold zone that shows price may go down, recommending sell on high. Immediate support @ 4550 and immediate resistance @ 4630. BUY GUARSEED MAR ABOVE 4630 TGTS 4660,4710 SL 4580 SELL GUARSEED MAR BELOW 4550 TGTS 4520,4470 SL 4600

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EPIC RESEARCH– ANALYST SPEAKS 10th MARCH 2014

DHANIYA

RESISTANCE 2

9594.30

RESISTANCE 1

9641.70

PIVOT

954270

SUPPORT 1

9495.30

SUPPORT 2

9443.70

Dhaniya daily chart, price trend bullish and will go up in future trading session ,expecting for new high from here onwards. trend is bullish and fundamentally also supports its bullishness, momentum indicator RSI is near to overbought zone Immediate support @ 9490 and immediate resistance @ 9600 BUY DHANIYA APR ABOVE 9600 TGTS 9630,9680 SL 9550 SELL DHANIYA APR BELOW 9490 TGTS 9460,9610 SL 9540

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TODAY’S ECONOMIC EVENTS 10th MARCH 2014

TIME

COUNTRY

EVENT

ACTUAL FORECAST PREVIOUS

MONDAY, MARCH 10

05:20

JPY

ADJUSTED CURRENT ACCOUNT

-0.59T

-0.59T

0.07T

05:20

JPY

CURRENT ACCOUNT N.S.A.

-1.589T

-1.411T

-0.639T

05:20

JPY

GDP (QOQ)

0.2%

0.3%

0.3%

05:20

JPY

GDP (YOY)

0.7%

1.0%

1.0%

13:45

CHF

RETAIL SALES (YOY)

3.3%

2.3%

17:45

CAD

HOUSING STARTS

185.0K

180.2K

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DISCLAIMER 10th MARCH 2014 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 responsibility (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 up on 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 individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages 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 estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the 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 any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls 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.

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Daily commodity market report 10 march 2014 by epic research  

Epic Research adopts multiple ways to analyse the markets and statistics to follow economic trends. Epic also provides daily market updates...

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