DAILY COMMODITY REPORT 31st MARCH 2014
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DAILY MARKET WRAPUP 31st MARCH 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
28360
28490
28119
28380
0.33%
4343
SILVER
05-MAY-14
42906
43180
42411
42759
-0.32%
15480
CRUDEOIL
21-APR-14
6122
6135
6086
6115
-0.42%
7738
NATURALGAS
25-APR-14
273.9
275.5
269
270.5
-0.92%
6816
COPPER
30-APR-14
401.5
405.15
401.1
404.6
+0.77%
18950
LEAD
31-MAR-14
123.35
124.1
122.65
122.85
-0.61%
2594
NICKEL
31-MAR-14
947
954.9
941
944.1
-0.25%
4078
ZINC
31-MAR-14
118.3
119.25
117.95
118.1
-0.42%
1770
ALUMINIUM
31-MAR-14
101.95
103.4
101.85
103.2
+1.13%
3665
LME WAREHOUSE STOCKS (28-MAR- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
1825
COPPER
-1200
LEAD
-225
NICKEL
1464
TIN
185
ZINC
1825 Call us at +91-731-6642300
INTERNATIONAL MARKETS 31st MARCH 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,294.30
-0.50
-0.04%
JUN 14
GOLD SPOT
USD/T OZ.
1,295.23
+3.92
+0.30%
N/A
COMEX SILVER
USD/T OZ.
19.79
+0.08
+0.42%
MAY 14
COMEX COPPER
USD/LB.
304.15
+4.85
+1.62%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,408.88
+9.32
+0.67%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
101.67
+0.39
+0.39%
MAY 14
CRUDE OIL (BRENT)
USD/BBL.
108.07
+0.24
+0.22%
MAY 14
RBOB GASOLINE
USD/GAL.
293.75
-0.51
-0.17%
APR 14
NYMEX NATURAL GAS
USD/MMBTU
4.49
-0.05
-1.17%
MAY 14
NYMEX HEATING OIL
USD/GAL.
295.79
+1.02
+0.35%
APR 14
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INTRADAY SUPPORT AND RESISTANCE 31st MARCH 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
30-APR
103.08
103.82
104.28
105.02
105.48
COPPER
30-APR
399.57
402.08
403.62
406.13
407.67
CRUDEOIL
21-APR
6063
6089
6112
6138
6161
GOLD
5-JUN
27817
27970
28177
28330
28537
LEAD
30-APR
122.72
123.38
124.42
125.08
126.12
NATURALGAS
25-APR
265.17
267.83
271.67
274.33
278.17
NICKEL
30-APR
933.3
939.9
950.5
957.1
967.7
SILVER
5-MAY
42014
42387
42783
43156
43552
ZINC
30-APR
117.50
118.05
119.05
119.60
120.60
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MOST ACTIVE CONTRACTS 31st MARCH 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
42799.00
3,23,68,02,772.00
75,628
CRUDE OIL
21-04-2014
6113.00
30,52,58,768.00
49,936
NATURAL GAS
25-04-2014
270.20
1,24,68,919.40
46,147
SILVER M
30-04-2014
42798.00
1,74,31,19,742.00
40,729
COPPER
30-04-2014
404.35
1,13,52,934.95
28,077
COPPERMINI
30-04-2014
404.40
86,39,197.20
21,363
SILVER
05-05-2014
42755.00
87,74,60,865.00
20,523
GOLD M
04-04-2014
28408.00
48,88,16,456.00
17,207
GOLD
05-04-2014
28355.00
44,52,01,855.00
15,701
NICKEL
31-03-2014
943.50
1,47,26,148.00
15,608
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TODAY,S COMMODITY NEWS 31st MARCH 2014
COMMODITY HEADLINES Indian gold premiums fall to 5-month low on supply hopes. Gold snaps 4-day falling trend on low level buying, global cues. India shines in De Beers' supplier selection again. Silver down 0.7% on weak global cues. Goa's low-grade ore export faces stiff China pollution hurdle. Zinc up 0.1% as demand picks up. Nickel up 0.1% on increased demand. Sugar up 0.3% on increased summer season demand. Turmeric down 1.8% on sluggish demand. Potato futures fall 0.34% on higher supply. Oil prices up in Asia on US data. Crude prices rise in Asian trade. Mentha oil extends losses on profit-booking. Govt reduces potash subsidy; to save Rs 900 cr. Mentha oil down 0.9% on higher supply, low demand.
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COMMODITY BUZZ AND ECONOMIC EVENTS 31st MARCH 2014 SPECIAL NEWS The University of Michigan said that consumer sentiment rose to a seasonally adjusted 80.0 in March, from 79.9 in February and against the analyst expectation to rise to 80.5 last month. India's total external debt stock stood at US$ 426.0 billion at end-December 2013,, recording an increase of US$ 21.1 billion i.e. an increase of 5.2% over the level at end-March 2013, according to the Department of Economic Affairs, Ministry of Finance. India's external debt to GDP ratio stood at 23.3 per cent at end-December 2013 vis-à -vis 21.8 per cent at endMarch 2013. Short-term debt accounted for 21.8 per cent of India's total external debt, while the remaining (78.2%) was long-term debt. Component-wise, commercial borrowings accounted for 31.5 per cent of the total external debt, followed by NRI deposits (23.2%) and multilateral debt (12.3 per cent). After seeing a record rise in 2012-13, India’s iron ore imports have plunged to a five-ayear low so far this financial year. In the first 11 months of 2013-14, steel mills and sponge iron makers together imported 420,000 tonnes of iron ore, primarily lumps, a decline of 86.2 per cent compared with 3.05 million tonnes (mt) in 2012-13.
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COMMODITY BUZZ Pepper price prevailing in Vietnam during the week increased by VND 1,000 per kg from VND 125,500 per kg for black last week; while for white pepper increased significantly by VND 11,500 per kg to VND 182,500 per kg. In India, Kochi spot rate jumped by Rs 500 per quintal over the last week to Rs 52900 per quintal for the MG-1. A strong array of US economic data continued to haunt gold. The metal slumped well under $1300 per ounce today as the consumer spending in the US edged up in February at the fastest rate since November. The strength in US dollar also played its part as traders continued to sell the metal. COMEX futures quote at $1288, down $7 per ounce on the day. MCX Gold quotes at Rs 28176, down Rs 273 per 10 grams on the day. Silver prices fell 0.25% to Rs 43,765 per kg in futures trade as speculators engaged in off-loading positions. At the Multi Commodity Exchange, silver for delivery in July lost Rs 111, or 0.25%, to Rs a43,765 per kg, with a turnover of 25 lots. Also, silver for delivery in May shed Rs 62, or 0.14%, to Rs 42,984 per kg, in a business turnover of 564 lots.
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EPIC RESEARCH– ANALYST SPEAKS 31st MARCH 2014
SILVER
Silver fell from opening price and settled at 42759. for Monday price may find support at 42000 level and for up side at 43200 level. BUY SILVER(MAY) ABOVE 43300 TGTS 43550/43900 SL BELOW 43000 SELL SILVER(MAY) BELOW 42400 TGTS 42150/41800 SL 42700
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EPIC RESEARCH– ANALYST SPEAKS 31st MARCH 2014
GOLD
Due to positive US data, a sharp fall seen in gold on Friday, made low of 28119, and closed at 28380 level. For Monday we expect price may correct up to 28480 level before going to touch 28000 level, a firm buying only above 28500 for 28800 level. BUY GOLD(APR) ABOVE 28500 TGTS 28580/28700 SL 28400 SELL GOLD(APR) BELOW 28250 TGTS 28170/28050 SL 28350
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EPIC RESEARCH– ANALYST SPEAKS 31st MARCH 2014
GUARSEED
RESISTANCE 2
4785
RESISTANCE 1
4818
PIVOT
4750
SUPPORT 1
4682
SUPPORT 2
4648
BUY GUARSEED APR ABOVE 4785 TGTS 4815,4865 SL 4735 SELL GUARSEED APR BELOW 4720 TGTS 4690,4640 SL 4770
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EPIC RESEARCH– ANALYST SPEAKS 31st MARCH 2014
DHANIYA
RESISTANCE 2
9208
RESISTANCE 1
9247
PIVOT
9175
SUPPORT 1
9103
SUPPORT 2
9037
BUY DHANIYA APR ABOVE 9185 TGTS 9215,9265 SL 9135 SELL DHANIYA APR BELOW 9110 TGTS 9080,9030 SL 9160
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TODAY’S ECONOMIC EVENTS 31st MARCH 2014
MONDAY, MARCH 31 TIME
COUNTRY
EVENT
ALL DAY
HOLIDAY
INDONESIA - HINDU NEW YEAR
03:15
NZD
BUILDING CONSENTS (MOM)
-1.7%
05:20
JPY
INDUSTRIAL PRODUCTION (MOM)
-2.3%
05:30
AUD
HIA NEW HOME SALES (MOM)
4.6%
06:00
AUD
PRIVATE SECTOR CREDIT (MOM)
0.4%
07:30
NZD
ANZ BUSINESS CONFIDENCE
67.3%
11:30
EUR
GERMAN RETAIL SALES (MOM)
-0.5%
2.5%
12:15
EUR
FRENCH GDP (QOQ)
0.3%
0.3%
12:30
CHF
KOF LEADING INDICATORS
2.03
2.03
14:30
EUR
CORE CPI (YOY)
0.8%
1.0%
14:30
EUR
CPI (YOY)
0.6%
0.7%
18:00
CAD
GDP (MOM)
0.4%
-0.5%
19:15
USD
CHICAGO PMI
59.0
59.8
19:25
USD
FED CHAIR YELLEN SPEAKS
22:45
GBP
BOE GOV CARNEY SPEAKS
YOUR MINTVISORY
ACTUAL FORECAST PREVIOUS
-8.6% 0.3%
3.8% 0.5%
0.4%
0.4% 70.8%
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