DAILY COMMODITY REPORT
10th FEBRUARY
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DAILY MARKET WRAPUP
10th FEBRUARY
COMMODITY GOLD SILVER CRUDE NATURAL GAS COPPER NICKEL LEAD ZINC ALUMINIUM CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)
05 APR 2014 05 MAR 2014 19 FEB 2014 25 FEB 2014 28 FEB 2014 28 FEB 2014 28 FEB 2014 28 FEB 2014 28 FEB 2014
28730.00 44401.00 6092.00 310.60 445.75 870.10 131.95 126.30 105.30
28900.00 44700.00 6139.00 312.00 448.00 883.80 132.95 127.15 105.90
28683.00 44160.00 6050.00 295.60 445.20 870.00 131.25 125.30 106.00
28650.00 44413.00 6075.00 309.00 444.26 869.20 131.85 124.85 105.10
0.32 -0.14 0.97 -2.27 0.26 1.20 -0.11 1.00 0.19
10189 11736 51204 11960 10497 15324 3161 3030 3457
LME WAREHOUSE STOCKS (06-FEB- 2014)
METAL TONNES IN STORAGE
ALUMINIUM COPPER LEAD NICKEL ZINC
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-7850 -1225 -500 696 -5150
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INTERNATIONAL MARKETS
10th FEBRUARY
PRECIOUS AND INDUSTRY METALS COMMODITY
COMEX GOLD GOLD SPOT COMEX SILVER COMEX COPPER PLATINUM SPOT
UNITS
USD/T OZ. USD/T OZ. USD/T OZ. USD/LB. USD/T OZ.
PRICE
1,265.60 1,265.97 20.01 324.40 1,382.38
CHANGE
-0.20 -1.30 +0.07 +0.80 -2.37
% CHANGE
-0.02% -0.10% +0.35% +0.25% -0.17%
CONTRACT
APR 14 N/A MAR 14 MAR 14 N/A
ENERGY COMMODITY FUTURES COMMODITY
CRUDE OIL (WTI) CRUDE OIL (BRENT) RBOB GASOLINE NYMEX NATURAL GAS NYMEX HEATING OIL
UNITS
USD/BBL. USD/BBL. USD/GAL. USD/MMBTU USD/GAL.
PRICE
100.12 109.59 275.76 4.68 304.86
CHANGE
+0.24 +0.02 +0.87 -0.10 -0.17
% CHANGE
+0.24% +0.02% +0.32% -2.05% -0.06%
CONTRACT
MAR 14 MAR 14 MAR 14 MAR 14 MAR 14
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INTRADAY SUPPORT AND RESISTANCE
10th FEBRUARY
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
28-FEB
103.90
104.45
104.80
105.35
105.70
COPPER
28-FEB
439.72
442.03
443.37
445.68
447.02
CRUDEOIL
19-FEB
5961
6006
6083
6128
6205
GOLD
5-APR
28441
28562
28658
28779
28875
LEAD
28-FEB
128.88
130.02
130.68
131.82
132.48
NATURALGAS
25-FEB
276.67
286.13
293.07
302.53
309.47
NICKEL
28-FEB
857.5
863.8
871.3
877.6
885.1
SILVER
5-MAR
43579
43870
44119
44410
44659
ZINC
YOUR MINTVISORY
28-FEB
123.33
124.32
125.18
126.17
127.03
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MOST ACTIVE CONTRACTS
10th FEBRUARY
Symbol
NATURAL GAS SILVERMICRO CRUDE OIL SILVER M SILVER GOLD PETAL LEADMINI COPPER NICKEL GOLD
Expiry Date
25-02-2014 28-02-2014 19-02-2014 28-02-2014 05-03-2014 27-02-2014 28-02-2014 28-02-2014 28-02-2014 05-04-2014
LTP
302.00 44380.00 6134.00 44379.00 44350.00 2983.00 131.50 445.40 879.60 28743.00
Value (In Lacs)
3,46,34,568.00 3,61,88,33,960.00 31,40,85,336.00 1,81,41,24,762.00 93,05,07,350.00 5,32,61,465.00 21,71,459.50 70,02,133.40 1,34,78,990.40 43,64,04,969.00
Volume (In Lots)
1,14,684 81,542 51,204 40,878 20,981 17,855 16,513 15,721 15,324 15,183
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TODAY,S COMMODITY NEWS
10th FEBRUARY
COMMODITY HEADLINES
Gold holds up on safe-haven bids, cautious stocks Gold up 0.3% on global cues Copper rises 0.62% on spot demand, global cues Iron ore pellet prices dip, exports come to a halt Nickel up 0.4% on global cues, spot demand Oil prices mixed ahead of US jobs release Oil prices rise in Asian trade Oil prices extend gains in Asian trade Commodity futures regulator to allow trading by bourse shareholders Natural stone exports set to drop 15% in FY14 Mentha oil up 0.2% on good demand, tight supply Gold tumbles on profit-selling, lack of demand Gold set for weekly gain; focus on US jobs report US crude oil rose above USD 100 a barrel for the first time this year NYMEX crude oil fluctuates ahead of U.S. employment data
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COMMODITY BUZZ AND ECONOMIC EVENTS
10th FEBRUARY
SPECIAL NEWS
COMMODITY BUZZ
The USDA release has lowered their outlook for Argentina's soybean and corn harvests due to warning high temperatures and a lack of rain have latest negatively impacted the crops. an unusual long period of very high temperatures combined with scarce soil humidity in mid-December negatively affected almost all early planted corn. USDA cut their corn production estimate for the 2013-14 season by 1.2m tonnes to 23.8m tonnes. The downgrade came despite rain relief for later planted corn,
The US dollar also gave up some of its recent gains and supported the gold prices. The greenback had hit a two month high against the Euro as the Federal Reserve said it will trim monthly bond buying by $10 billion after deciding in December to reduce purchases by the same amount as the economy improved, helping to end gold's 12-year bull run.
Crude oil futures have also been rising over last few weeks. WTI Crude edged up from its multi month lows in the first week of January and stayed supported. Oil witnessed a big boost after the US the Labor Department reported payrolls in the US rose less than projected in January as retailers cut back after the holidays and government hiring fell. In Eurozone, the Markit Composite PMI, which gauges business activity across companies, has hit its highest level in two and half years
The area under rabi crops stands at 654.16 lakh hectares, up 5.71% compared to the last year, according to latest updates from the Agricultural Ministry. The sowing is drawing to a close in almost all parts of the country. Apart from coarse cereals, all other crops have witnessed an increase in the acreage. Wheat acreage is up 5.74%, rice up 37.63% and pulses up 6%
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EPIC RESEARCH ANALYST SPEAKS
10th FEBRUARY
SILVER
Silver has recovered from its support level of 42800, although profit booking at higher level capping the price, but we expect that it may recover more up to 45800/46200 BUY SILVER (MAR) ABOVE 45250 TGTS 45500/45900 SL 44850 SELL SILVER (MAR) BELOW 43800 TGTS 43550/43150 SL 44200
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EPIC RESEARCH ANALYST SPEAKS
10th FEBRUARY
GOLD
After expiry gold seems very volatile, buying in lower level and profit booking in higher level is putting gold trend into chaos. Although price is in under pressure due to negative US nonfarm payrolls data, and closure of Chinese markets for the Lunar New Year holiday also weighed on volumes.. We expect price can correct up to 28500 BUY GOLD (APR) ABOVE 29100 TGTS 29250/29450 SL 28900 SELL GOLD (APR) BELOW 28550 TGTS 28400/28200 SL 28750
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EPIC RESEARCH ANALYST SPEAKS
10th FEBRUARY
CASTORSEED
RESISTANCE 1
4177.30
RESISTANCE 2
4210.70
PIVOT
4131.70
SUPPORT 1
4098.30
SUPPORT 2
4052.70
Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recommending sell on high. In Intraday basis nearest support @ 4030 & nearest resistance @ 4100. BUY CASTORSEED FEB ABOVE 4100 TGTS 4130,4180 SL 4050 SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080
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10th FEBRUARY
EPIC RESEARCH ANALYST SPEAKS
DHANIYA
RESISTANCE 1
9309.70
RESISTANCE 2
9416.30
PIVOT
9139.30
SUPPORT 1
9032.70
SUPPORT 2
8862.30
Daily chart of Dhaniya shows bullishness and it will continue its rally from nearest support level to upper side. Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI taking support of mid range, Again signs bullishness. Immediate support @ 8250 and immediate resistance @ 8350. BUY DHANIYA FEB ABOVE 8350 TGTS 8380,8430 SL8300 SELL DHANIYA FEB BELOW 8250 TGTS 8220,8170 SL 8300
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TODAYS ECONOMIC EVENTS
10th FEBRUARY MONDAY, FEBRUARY 10 TIME 05:20 05:20 10:30 11:30 12:15 12:15 13:15 14:30 14:30 15:00 16:05 18:45 19:30 19:30 19:30 22:00 22:00
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COUNTRY
EVENT ADJUSTED CURRENT ACCOUNT BANK LENDING (YOY) HOUSEHOLD CONFIDENCE ECONOMY WATCHERS CURRENT INDEX UNEMPLOYMENT RATE N.S.A. UNEMPLOYMENT RATE S.A. FRENCH INDUSTRIAL PRODUCTION (MOM) ITALIAN INDUSTRIAL PRODUCTION (MOM) ITALIAN INDUSTRIAL PRODUCTION (YOY) SENTIX INVESTOR CONFIDENCE GERMAN 6-MONTH BUBILL AUCTION HOUSING STARTS FRENCH 12-MONTH BTF AUCTION FRENCH 3-MONTH BTF AUCTION FRENCH 6-MONTH BTF AUCTION 3-MONTH BILL AUCTION 6-MONTH BILL AUCTION
ACTUAL -0.20T 2.3%
FORECAST -0.06T
PREVIOUS -0.05T 2.3%
JPY JPY JPY JPY CHF CHF EUR EUR EUR EUR EUR CAD EUR EUR EUR USD USD
43.9 55.5 3.6% 3.2% 0.1% 0.2% 0.4% 10.7
41.3 55.7 3.5% 3.2% 1.3% 0.3% 1.4% 11.9 0.085%
183.0K
189.7K 0.150% 0.131% 0.136% 0.040% 0.060%
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DISCLAIMER
10th FEBRUARY
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