daily commodity report_17_feb_2014 by epic research
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YOUR MINTVISORY Call us at +91-731-6642300
17th FEBRUARY
DAILY COMMODITY REPORT
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17th FEBRUARY
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)
GOLD 05 APR 2014 29230.00 29426.00 20230.00 29184.00 0.58 10782
SILVER 05 MAR 2014 44999.00 46337.00 44999.00 44922.00 3.00 11311
CRUDE 19 FEB 2014 6244.00 6244.00 6156.00 6253.00 -0.99 10481
NATURAL GAS 25 FEB 2014 320.50 333.90 320.10 318.70 2.35 14089
COPPER 28 FEB 2014 446.95 447.50 444.75 446.30 -0.08 10507
NICKEL 28 FEB 2014 883.10 886.80 880.10 881.80 -0.05 6201
LEAD 28 FEB 2014 131.60 132.50 131.55 131.55 0.15 3322
ZINC 28 FEB 2014 126.25 127.25 126.25 126.30 0.24 3346
ALUMINIUM 28 FEB 2014 106.50 107.00 106.00 106.45 -0.33 3504
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -10575
COPPER -1550
LEAD -500
NICKEL -276
ZINC -4150
LME WAREHOUSE STOCKS (14-FEB- 2014)
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17th FEBRUARY
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 100.59 +0.29 +0.29% MAR 14
CRUDE OIL (BRENT) USD/BBL. 109.27 +0.19 +0.17% APR 14
RBOB GASOLINE USD/GAL. 281.01 +0.48 +0.17% MAR 14
NYMEX NATURAL GAS USD/MMBTU 5.40 +0.19 +3.62% MAR 14
NYMEX HEATING OIL USD/GAL. 308.22 +0.40 +0.13% MAR 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,329.60 +11.00 +0.83% APR 14
GOLD SPOT USD/T OZ. 1,329.89 +11.23 +0.85% N/A
COMEX SILVER USD/T OZ. 21.95 +0.52 +2.45% MAR 14
COMEX COPPER USD/LB. 328.45 +2.00 +0.61% MAR 14
PLATINUM SPOT USD/T OZ. 1,431.56 +3.81 +0.27% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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17th FEBRUARY
COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1
ALUMINIUM 28-FEB 104.38 105.12 105.53 106.27 106.68
COPPER 28-FEB 441.78 443.27 444.53 446.02 447.28
CRUDEOIL 19-MAR 6102 6139 6180 6217 6258
GOLD 5-APR 29067 29148 29262 29343 29457
LEAD 28-FEB 130.13 130.77 131.23 131.87 132.33
NATURALGAS 25-FEB 304.57 312.33 318.37 326.13 332.17
NICKEL 28-FEB 870.6 875.1 877.9 882.4 885.2
SILVER 5-MAR 43784 44392 45502 46110 47220
ZINC 28-FEB 125.08 125.67 126.08 126.67 127.08
INTRADAY SUPPORT AND RESISTANCE
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17th FEBRUARY
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
NATURAL GAS 25-02-2014 326.20 4,24,02,085.60 1,29,988
SILVERMICRO 28-02-2014 46283.00 4,82,52,34,165.00 1,04,255
SILVER M 28-02-2014 46295.00 2,30,40,55,855.00 49,769
CRUDE OIL 19-02-2014 6191.00 29,73,97,067.00 48,037
SILVER 05-03-2014 46270.00 1,30,09,73,590.00 28,117
LEADMINI 28-02-2014 131.80 22,00,005.60 16,692
COPPER 28-02-2014 445.95 72,90,390.60 16,348
COPPERMINI 28-02-2014 446.00 59,67,034.00 13,379
NICKEL 28-02-2014 881.40 1,13,90,332.20 12,923
NICKELMINI 28-02-2014 881.70 1,07,18,826.90 12,157
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17th FEBRUARY
TODAY,S COMMODITY NEWS
COMMODITY HEADLINES
Gold and silver value surges for the third day
Gems and jewellery exports to rise
Gold hits 3-1/2 month high on favourable US data
Lead up 0.3% on spot demand, overseas cues
Copper up 0.19% on global cues, spot demand
India unlikely to benefit from metals' price fall
Palm oil imports fall to lowest in 5 months
Tea prices drop over poor grade
Refined oil imports rise on inverse duty structure
Oil prices down after lackluster US stockpiles
Crude oil futures down 0.18% on weak Asian cues
Oil prices down in Asian trade
Commodities, securities norms to converge
Rubber imports up by 41% in Apr-Jan
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17th FEBRUARY
SPECIAL NEWS
The Government on Friday raised the import tariff value on
gold to $421 from $404 per 10 grams and silver tariff value to
$663 per kg from $635, respectively, taking into account the
volatility in the global prices The tariff value on imported
brass scrap has reduced to $3913 per tonne from $3,959 per
tonne, while on poppy seeds it has been kept unchanged at
$3,195 per tonne.The tariff value of areca nuts has been raised
to $1,872 per tonne from $1,816 per tone
GDP rose by 0.3% in the euro area during the fourth quarter
of2013, compared with the previous quarter, according to
flash estimates publishedby Eurostat, the statistical office of
the European Union. In the third quarterof 2013, GDP grew
by 0.1% in the euro area. Compared with the same quarter
ofthe previous year, seasonally adjusted GDP rose by 0.5% in
the euro area, after-0.3% in the previous quarter. Over the
whole year 2013 3, GDP fell by 0.4%in the euro area.
The total rabi sown area, as per reports received from States,
during the week ending 14.2.2014 stands at 656.67 lakh hec-
tare as compared to 621.39 lakh hectare at this time last year,
up 5.70%. Total sown area under wheat, total pulses, total
coarse cereals and rapeseed & mustard are final for rabi sea-
COMMODITY BUZZ
The Gold prices for April expiry settled at $ 1318.6 per troy
ounce. This was the highest level for Gold since November
last year. The rally in COMEX Gold for the week ending 14
February 2014 was phenomenal. The prices galloped by
4.4% after US economic data enthused confidence in Gold
traders. The Commerce Department released a report on
Thursday showing an unexpected drop in U.S. retail sales in
the month of January.
Comex Copper prices settled at $ 3.262 per pound on 14
February 2014 from $ 3.236 per pound on 7 February 2014.
The buying sentiments of Copper got a setback during the
weekend after the news that China is expected to show
slower growth though the week still ended in green for the
commodity. The exports targets of China are getting slower
and expected to remain tugged at 7.5% in 2014.
Light Sweet Crude Oil for March 2014 delivery settled at $
100.3 per barrel on 14 February 2014, against $ 99.88 per
barrel a week before. Weak Dollar resulted in offsetting the
retail sales data thereby benefiting the prices of Light Sweet
Crude Oil on a marginal basis. The retail sales of US de-
clined after the auto sales showed a sharp decline. invento-
ries of Crude Oil increased by 3.3 million barrels.
COMMODITY BUZZ AND ECONOMIC EVENTS
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17th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS
SILVER
Finally Silver has broke its upper range 45850 level and made high of 46700. Due to positive nots on COMEX silver we expect MCX
silver can move up to 47500, on the other side below 45850 level can take price to 45500-45200 level.
BUY SILVER ABOVE 46850 TGTS 47100/47450 SL 46600
SELL SILVER BELOW 46500 TGTS 46250/45900 SL 46800
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17th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS
GOLD
Gold prices moved higher as poor US Retail sales and Unemployment data raised safe haven appeal for gold and weaker dollar also
helped Gold prices to move higher. We expect Gold prices may move more higher for the coming day's as poor US data and ETF
buying could keep the prices in range to higher.
BUY GOLD(APR) ABOVE 29450 TGTS 29530/29630 SL 29350
SELL GOLD(APR) BELOW 29250 TGTS 29170/29070 SL 29350
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17th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS
CASTORSEED
Castorseed Mar looking sideways to bearish in daily chart. Momentum indicators also support bearishness,
recommending sell on high. In Intraday basis having some bullishness but allover castorseed is in downside
nearest support @ 4250 & nearest resistance @ 4310.
BUY DHANIYA APR ABOVE 9430 TGT 9460,9510 SL 9380
SELL DHANIYA APR BELOW 9250 TGT 9220,9170 SL 9290
RESISTANCE 1 4298.70
RESISTANCE 2 4330.30
PIVOT 4278
SUPPORT 1 4246.70
SUPPORT 2 4226.30
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17th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
Castorseed Mar looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recom-
mending sell on high. In Intraday basis having some bullishness but allover castorseed is in downside
nearest support @ 4250 & nearest resistance @ 4310.
BUY DHANIYA APR ABOVE 9430 TGT 9460,9510 SL 9380
SELL DHANIYA APR BELOW 9250 TGT 9220,9170 SL 9290
RESISTANCE 1 9215.30
RESISTANCE 2 9352.70
PIVOT 9132.70
SUPPORT 1 8995.30
SUPPORT 2 8912.70
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17th FEBRUARY
MONDAY, FEBRUARY 17
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
All Day United States - Washington's Birthday
All Day Canada - Family Day
03:30 EUR Spanish industrial New Orders (YoY) -3.0% -5.1%
09:00 EUR French 12-Month BTF Auction 0.162%
09:00 EUR French 3-Month BTF Auction 0.151%
09:00 EUR French 6-Month BTF Auction 0.157%
10:30 CHF SNB Chairman Thomas Jordan speaks
16:00 KRW South Korean PPI (MoM) 0.2%
16:00 KRW South Korean PPI (YoY) -0.4%
19:30 AUD Monetary Policy Meeting Minutes
Tentative JPY Interest Rate Decision 0.10% 0.10%
TODAY’S ECONOMIC EVENTS
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17th FEBRUARY
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