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DAILY COMMODITY REPORT 26th MARCH 2014

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DAILY MARKET WRAPUP 26th MARCH 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

SILVER

05-May-14

43899

44163

43451

43508

-1.05

15717

GOLD

05-Apr-14

29110

29260

28863

28898

-0.97

7448

CRUDEOIL

21-Apr-14

6077

6094

5994

6024

-1.02

7240

NATURALGAS

26-Mar-14

259.6

266.5

258.8

265.6

+2.12

5191

COPPER

30-Apr-14

399

405.2

399

402.95

+1.15

20914

LEAD

31-Mar-14

124.4

125.2

124

124.4

+0.32

3251

NICKEL

31-Mar-14

982.7

988

967.9

969.5

-0.72

7975

ZINC

31-Mar-14

117.9

119.9

117.9

119.4

+1.49

2476

ALUMINIUM

31-Mar-14

103.1

104.1

102.8

103.35

+0.44

4511

LME WAREHOUSE STOCKS (25-MAR- 2014)

YOUR MINTVISORY

METAL

TONNES IN STORAGE

ALUMINIUM

-7050

COPPER

3150

LEAD

UNCH

NICKEL

108

TIN

-30

ZINC

-3950 Call us at +91-731-6642300


INTERNATIONAL MARKETS 26th MARCH 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,313.20

+2.10

+0.16%

JUN 14

GOLD SPOT

USD/T OZ.

1,313.06

+1.89

+0.14%

N/A

COMEX SILVER

USD/T OZ.

19.99

-0.08

-0.41%

MAY 14

COMEX COPPER

USD/LB.

300.35

+5.80

+1.97%

MAY 14

PLATINUM SPOT

USD/T OZ.

1,421.13

+1.57

+0.11%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

99.33

-0.27

-0.27%

MAY 14

CRUDE OIL (BRENT)

USD/BBL.

107.16

+0.17

+0.16%

MAY 14

RBOB GASOLINE

USD/GAL.

289.45

+0.36

+0.12%

APR 14

NYMEX NATURAL GAS

USD/MMBTU

4.41

-0.01

-0.14%

APR 14

NYMEX HEATING OIL

USD/GAL.

292.85

+1.69

+0.58%

APR 14

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INTRADAY SUPPORT AND RESISTANCE 26th MARCH 2014

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

ALUMINIUM

31-Mar

102.12

102.73

103.42

104.03

104.72

COPPER

30-Apr

396.18

399.57

402.38

405.77

408.58

CRUDEOIL

21-Apr

5937

5981

6037

6081

6137

GOLD

5-Apr

28610

28754

29007

29151

29404

LEAD

31-Mar

123.33

123.87

124.53

125.07

125.73

NATURALGAS

25-Apr

257.67

262.43

265.27

270.03

272.87

NICKEL

31-Mar

955.0

962.3

975.1

982.4

995.2

SILVER

5-May

42995

43252

43707

43964

44419

ZINC

31-Mar

117.07

118.23

119.07

120.23

121.07

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MOST ACTIVE CONTRACTS 26th MARCH 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

30-04-2014

43518.00

3,27,22,48,974.00

75,193

CRUDE OIL

21-04-2014

6022.00

44,19,48,558.00

73,389

SILVER M

30-04-2014

43519.00

1,78,74,99,406.00

41,074

COPPER

30-04-2014

403.00

1,65,02,447.00

40,949

NATURAL GAS

26-03-2014

265.10

85,08,914.70

32,097

COPPERMINI

30-04-2014

403.05

1,10,04,877.20

27,304

SILVER

05-05-2014

43489.00

96,70,64,893.00

22,237

NICKEL

31-03-2014

970.50

2,12,65,596.00

21,912

GOLD M

04-04-2014

28950.00

56,53,64,550.00

19,529

GOLD

05-04-2014

28875.00

47,46,76,125.00

16,439

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TODAY,S COMMODITY NEWS 26th MARCH 2014

COMMODITY HEADLINES Jeera prices rose by 0.95% to Rs 10,100 per quintal. Potato prices fell 0.29% to Rs 1,218 per quintal . Jeera for delivery in April rose by Rs 95, or 0.95%, to Rs 10,100 per quintal. Cardamom gained massively 17.65% from the low so far in 2014 . Gold extends losses on dollar strength, but remains best asset for hedging. WTO members raise concerns about India's Sugar export subsidy . Malaysia's Mar 1-25 Palm Oil exports fall 11.5% to 927290 tons . Silver down 0.7% on weak global cues. Nickel up 0.1% on firm demand, global cues. Wheat procurement: FCI may see stiff competition from private traders. Crude prices rise in Asian trade. Oil prices ease in Asian trade. Indian agencies are four of the five new distributors (termed ‘sightholders’ or also ‘suppliers of choice’) added for 2014-15 by De Beers.

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COMMODITY BUZZ AND ECONOMIC EVENTS 26th MARCH 2014 SPECIAL NEWS US short-term interest rates should hit 3% at the end of 2016, said Charles Plosser, the president of the Philadelphia Federal Reserve Bank on Tuesday, according to media reports. Plosser said he did not expect the Fed to be aggressive, but noted that his projections for rates are higher than most of his colleagues. He noted that there is a risk of volatility in the stock market as the Fed heads to the exit. This could be one of the unintended consequences of the Fed's policy. Plosser said he was puzzled by the market's response to Fed Chairwoman Janet Yellen's press conference. He said her timetable of a rate hike six months after the end of bond buying wasn't a wildly unexpected timeframe. The Consumer Prices Index the headline measure of inflation grew by 1.7% in the year ending February 2014, down from 1.9% in January, as per the release from the the National Statistics. The slowdown in inflation came primarily from the price movements of motor fuels. Petrol prices fell by 0.8% per litre between January and February this year compared with a rise of 4.0% per liter between the same two months a year ago. Similarly diesel prices fell by 0.8 pence per litre this year compared with a rise of 3.7 pence per liter a year ago. Other smaller downward effects came from gas and electricity, clothing and air transport. In each case, prices rose between January and February 2014 but by less than between the same two months a year ago.

YOUR MINTVISORY

COMMODITY BUZZ Copper has started gaining on Tuesday after the hopes of Chinese stimulus measures have overtaken fears of decline in manufacturing numbers in the country. The hopes that China can unveil a policy to stimulate its weak economy has gained ground and sparking Copper. Indian Copper April expiry contract on MCX was trading at Rs 402.3 per kg, up 0.98%. Precious metals lost some of their allure as concerns over Ukraine ease and as U.S. short-term rates have risen. Gold hit a five-week low of $1,305.59 per once on Tuesday and last stood at $1,313.20 while silver dropped to seven-week low of $19.78 per once. US Gold futures further slipped to a low of $1308 per ounce before climbing back to $1314.3 in electronic trading on Tuesday. Cardamom futures slipped further on long liquidation triggered by strong arrivals in the auction. MCX April delivery ended the day at Rs 849.90, down Rs 18.30 or 2.11% over last close. Strong arrivals were keeping cardamom prices sluggish during the last year and upside may get capped in medium term. Indian crop was better on favorable weather last year and the harvesting is at end stage.

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EPIC RESEARCH– ANALYST SPEAKS 26th MARCH 2014

SILVER

SILVER MCX Short term trend is DOWN. Immediate support @ 44300. Immediate Resistance @ 44000. Today SILVER MCX Closed @ 43508 . Yesterday Intraday Range of SILVER MCX was 712. Open Interest was down +5.08 %, Volumes were 23244 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 43650 TGTS 43850/44200 SL 43300 SELL SILVER(MAY) BELOW 43300 TGTS 43100/42850 SL 43650 YOUR MINTVISORY

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EPIC RESEARCH– ANALYST SPEAKS 26th MARCH 2014

GOLD

GOLD MCX Short term trend is down,. Immediate support @ 28820. Immediate Resistance @ 29110. Yesterday GOLD MCX Closed @ 28898 . Yesterday Intraday Range of GOLD MCX was 397. Open Interest was down -9.25 %, Volumes were 17217lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 29110 TGTS 29190/29290 SL 28990 SELL GOLD(APR) BELOW 28820 TGTS 28760/28660 SL 28940

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EPIC RESEARCH– ANALYST SPEAKS 26th MARCH 2014

GUARSEED

RESISTANCE 2

4708

RESISTANCE 1

4787

PIVOT

4640

SUPPORT 1

4578

SUPPORT 2

4527

Guarseed daily chart shows sideways to bearish trend. expecting price will go down momentum indicator RSI is below mid range, recommending sell on high, Immediate support @ 4655 and immediate resistance @ 4600. BUY GUARSEED APR ABOVE 4655 TGTS 4685,4735 SL 4605 SELL GUARSEED APR BELOW 4600 TGTS 4570,4520 SL 4650

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EPIC RESEARCH– ANALYST SPEAKS 26th MARCH 2014

DHANIYA

RESISTANCE 2

8985

RESISTANCE 1

9104

PIVOT

8900

SUPPORT 1

8749

SUPPORT 2

8632

Dhaniya daily chart price shows trend Bearish. the momentum indicator RSI is below mid range recommending sell on high, Immediate support @ 8750 and immediate resistance @ 8860. BUY DHANIYA APR ABOVE 8860 TGTS 8890,8940 SL 8810 SELL DHANIYA APR BELOW 8750 TGTS 8720,8670 SL 8800

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TODAY’S ECONOMIC EVENTS 26th MARCH 2014

WEDNESDAY, MARCH 26 TIME

COUNTRY

EVENT

04:00

AUD

RBA ASSIST GOV LOWE SPEAKS

04:30

USD

FOMC MEMBER PLOSSER SPEAKS

06:00

AUD

RBA FINANCIAL STABILITY REVIEW

11:30

AUD

RBA GOVERNOR STEVENS SPEAKS

11:30

USD

FOMC MEMBER BULLARD SPEAKS

12:30

EUR

GFK GERMAN CONSUMER CLIMATE

8.5

8.5

18:00

USD

CORE DURABLE GOODS ORDERS (MOM)

0.3%

1.1%

18:00

USD

DURABLE GOODS ORDERS (MOM)

1.0%

-1.0%

YOUR MINTVISORY

ACTUAL FORECAST PREVIOUS

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DISCLAIMER 26th 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 26 march 2014 by epic research  

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