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8/12/2019 Daily Commodity Market Report_25-Feb-2014 by EPIC RESEARCH
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YOUR MINTVISORY Call us at +91-731-6642300
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DAILY COMMODITY REPORT
Our PresenceEpic Research India411 Milinda Manor (Suites 409- 417)
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Hotline: +91 731 664 2300
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All queries should be directed to
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COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE CHANGE OI (in lots)GOLD 05-APR-14 29881 30174 29881 30120 +0.81% 11549
SILVER 05-MAR-14 47310 48343 47162 47985 +1.25% 9756CRUDEOIL 19-MAR-14 6371 6421 6345 6400 -0.14% 10706
COPPER 28-FEB-14 449.1 449.1 442.4 446.4 -0.73% 7386LEAD 28-FEB-14 131.65 131.7 130.5 131.3 -0.72% 3192
NATURALGAS 25-FEB-14 384.9 402.7 342.1 345.4 -10.41% 7400NICKEL 28-FEB-14 888 890 878.2 888.8 -0.45% 4326
ZINC 28-FEB-14 126.5 127.55 126.1 127.4 -0.08% 2588ALUMINIUM 28-FEB-14 106.8 107 105.55 106.6 -0.97% 2633
DAILY MARKET WRAPUP
METAL TONNES IN STORAGEALUMINIUM -7675
COPPER -2875LEAD UNCHANGED
NICKEL -558TIN -55
ZINC -4850
LME WAREHOUSE STOCKS (24-FEB- 2014)
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COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCRUDE OIL (WTI) USD/BBL. 102.47 +0.27 +0.26% APR 14
CRUDE OIL (BRENT) USD/BBL. 110.48 -0.16 -0.14% APR 14RBOB GASOLINE USD/GAL. 282.91 -0.42 -0.15% MAR 14
NYMEX NATURAL GAS USD/MMBTU 5.43 -0.02 -0.37% MAR 14NYMEX HEATING OIL USD/GAL. 309.48 -0.44 -0.14% MAR 14
COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCOMEX GOLD USD/T OZ. 1,333.10 -4.90 -0.37% APR 14
GOLD SPOT USD/T OZ. 1,333.75 -3.22 -0.24% N/ACOMEX SILVER USD/T OZ. 21.89 +0.07 +0.32% MAY 14COMEX COPPER USD/LB. 323.50 -2.50 -0.77% MAY 14PLATINUM SPOT USD/T OZ. 1,434.38 -3.93 -0.27% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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COMMODITY EXPIRY SUP.2 SUP.1 PIVOT RES.1 RES.2
ALUMINIUM 28-FEB 104.93 105.77 106.38 107.22 107.83
COPPER 28-FEB 439.27 442.83 445.97 449.53 452.67
CRUDEOIL 19-MAR 6313 6356 6389 6432 6465
GOLD 5-APR 29765 29943 30058 30236 30351
LEAD 28-FEB 129.97 130.63 131.17 131.83 132.37
NATURALGAS 26-MAR 272.87 284.33 304.77 316.23 336.67
NICKEL 28-FEB 873.9 881.3 885.7 893.1 897.5
SILVER 5-MAR 46649 47317 47830 48498 49011
ZINC 28-FEB 125.57 126.48 127.02 127.93 128.47
INTRADAY SUPPORT AND RESISTANCE
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MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)NATURAL GAS 25-02-2014 346.00 5,17,79,592.00 1,49,652
SILVERMICRO 28-02-2014 48099.00 3,56,81,28,117.00 74,183
CRUDE OIL 19-03-2014 6405.00 32,20,81,830.00 50,286
SILVER M 28-02-2014 48094.00 2,02,97,11,082.00 42,203SILVER 05-03-2014 48078.00 1,09,82,45,754.00 22,843
COPPER 28-02-2014 446.45 99,00,028.75 22,175
COPPERMINI 28-02-2014 446.35 75,80,362.05 16,983
LEADMINI 28-02-2014 131.40 16,87,307.40 12,841
GOLD M 05-03-2014 30920.00 36,23,20,560.00 11,718
NICKEL 28-02-2014 886.90 1,03,67,861.00 11,690
http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/8/12/2019 Daily Commodity Market Report_25-Feb-2014 by EPIC RESEARCH
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TODAY,S COMMODITY NEWS
COMMODITY HEADLINESJewelers tell govt. to reduce gold import duty to 2%
Copper down 0.8% on weak global cue.
Aluminium down 0.4% on global cue.
Zinc down 0.3% on global cues, subdued spot demand
Refined soya oil up 0.2% on pick-up in demand
Potato down 0.6% on increased supply
Coriander up 1.2% on rising demand
Oil down in Asia on weaker China manufacturing sector
Crude oil up 0.5% on overseas cues
Oil holds above $100 on strong China lending data
Mentha oil down 0.1% on sluggish demand
Karnataka's mulberry silk sector losing sheen
Cotton exports pick up on rupee stability
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SPECIAL NEWSGlobal rating agency Moody's Investors Services on Mon-day warned that Indian banks will require more capital
than what the government has allocated in last week's in-
terim budget. Last Monday, India's government unveiled
its interim budget for the fiscal year starting in April, allo-
cating Rs.11,200 crore ($1.8 billion) for capital injections
into public sector banks, Moody's said. The allocation is
credit negative for public sector banks because it is much
smaller than the Rs.25,000-36,000 crore ($4.1-$5.8 billion)
that we estimated the banks needed to meet a minimum
tier 1 ratio of 8% in the fiscal year ending March 2015.
German business confidence continued to rise for a fourth
straight month in February, with the Ifo business climate
survey climbing to a better-than-expected 111.3, from
110.6 in January. Analysts surveyed by FactSet expected areading of 110.5. The index, which measures the current
business climate in Europe's largest economy and, measures
expectations for the next six months, was expected to regis-
ter the same reading as in January. The German Current
Assessment index, which measures current business condi-
tions in Germany, was at 114.4, up from January's 112.4
COMMODITY BUZZThe stocks of gold mining companies. In the recent past, these
have served as good indicators. The action in gold mining
stocks is serving as a useful lead indicator for the price of bul-
lion, with Newcrest Mining, for example, up 30% year-to-
date. Gold mining stocks were certainly a lead indicator for
the decline in gold prices last year, Wood said in his periodic
Greed and Fear report, released earlier this month. The report
added those who had taken contrarian calls on gold would
have been well rewarded.
The Indian steel market cannot but remain flat, as growth con-
tinues to elude the commodity's principal consumption points
such as construction, automobiles and machinery-building.
Braving resistance from buyers, steel makers raised prices by
Rs 1,000-1,200 a tonne in the past three months, across long
and flat products, to defray cost rises.The Indian steel marketcannot but remain flat, as growth continues to elude the com-
modity's principal consumption points such as construction,
automobiles and machinery-building. Braving resistance from
buyers, steel makers raised prices by Rs 1,000-1,200 a tonne in
the past three months, across long and flat products, to defray
cost rises.
COMMODITY BUZZ AND ECONOMIC EVENTS
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EPIC RESEARCHANALYST SPEAKS
SILVER
BUY SILVER MAR ABOVE 48250 TGTS 48450,48650 SL 47900
SELL SILVER MAR BELOW 47850 TGTS 47650,47450 SL 48200
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EPIC RESEARCHANALYST SPEAKS
GOLD
GOLD APR. ABOVE 30220 TGTS 30300,30420 SL 30130
SELL GOLD APR. BELOW 30035 TGTS 29955,29825 SL 30125
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EPIC RESEARCHANALYST SPEAKS
GUARGUM
Guargum March contract short term trend is "consolidate " Immediate support @ 12900 Immediate Resistance @ 13070
Today guargum March closed @ 13010. intraday range was 430 pts. trend is Sideways to bearish in daily chart. Momentum
indicate RSI is below mid range signs down side.
BUY GUARGUM ABOVE 13070 TGTS 13120,13220 SL 12990
SELL GUARGUM BELOW 12900 TGTS 12850,12750 SL 12990
RESISTANCE 2 13,507
RESISTANCE 1 13,253
PIVOT 13,077
SUPPORT 1 12,823
SUPPORT 2 12,647
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EPIC RESEARCHANALYST SPEAKS
DHANIYA
Dhaniya Apr. Short term trend is "up", Immediate support @ 9235, Immediate Resistance @ 9380.
Today Dhaniya Apr. Closed @ 9358 .Intraday Range of Dhaniya Apr was 192 pts. RSI is in over bought zone, Trend is bullish
and expecting will continue it.
BUY DHANIYA ABOVE 9380 TGTS 9410,9460 SL 9330
SELL DHANIYA BELOW 9235 TGTS 9205,9155 SL 9285
RESISTANCE 2 9484
RESISTANCE 1 9409
PIVOT 9292
SUPPORT 1 9217
SUPPORT 2 9100
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MONDAY, FEBRUARY 24TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS05:20 JPY CSPI (YoY) 0.8% 1.2% 1.1%07:30 NZD Inflation Expectations (QoQ) 2.3% 2.3%
12:30 EUR German GDP (QoQ) 0.4% 0.4%
13:15 EUR French Business Survey 100 100
13:30 EUR Spanish PPI (YoY) -0.7% 0.6%
14:30 EUR Italian Retail Sales (MoM) 0.4% 0.0%
14:30 EUR Italian Retail Sales (YoY) 0.1%
15:00 GBP BBA Mortgage Approvals 47.9K 46.5K
15:30 EUR Italian Consumer Confidence 98.5 98.0
16:30 EUR Italian Trade Balance Non-EU 3.43B
19:00 CAD Corporate Profits (QoQ) 1.5%
19:25 USD Redbook (YoY) 3.2%
19:30 USD House Price Index (YoY) 7.7% 7.6%
19:30 USD House Price Index (MoM) 0.4% 0.1%
19:30 USD S&P/CS HPI Composite - 20 (YoY) 13.3% 13.7%
20:30 USD CB Consumer Confidence 80.0 80.7
20:30 USD Richmond Manufacturing Index 13 12
TODAYS ECONOMIC EVENTS
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