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DAILY COMMODITY REPORT

19th FEBRUARY

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DAILY MARKET WRAPUP


19th FEBRUARY
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)

GOLD SILVER CRUDEOIL COPPER LEAD NICKEL ZINC NATURALGAS ALUMINIUM

05-APR-14 05-MAR-14 19-MAR-14 28-FEB-14 28-FEB-14 28-FEB-14 28-FEB-14 25-FEB-14 28 FEB 2014

30035 47499 6230 448.55 132.6 890 127.9 339.8 105.45

30260 48090 6338 451.5 134.8 903.9 129.35 345.4 107.4

29974 46932 6230 446.8 131.7 886.1 127.4 335.8 104.6

30224 48023 6331 451.2 134.65 899.1 129.2 340.6 107.35

+0.16% +0.33% 1.56% 0.76% +1.47% +0.14% 1.18% +0.98% +1.90%

11518 10360 6795 9332 3113 5581 3450 15983 3539

LME WAREHOUSE STOCKS (18-FEB- 2014) METAL


ALUMINIUM COPPER LEAD NICKEL TIN ZINC
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TONNES IN STORAGE
1000 -2875 -500 588 -20 -1225
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INTERNATIONAL MARKETS
19th 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
1,319.20 1,319.24 21.78 328.30 1,420.13

CHANGE
-5.20 -2.78 -0.12 -0.25 -4.00

% CHANGE
-0.39% -0.21% -0.56% -0.08% -0.31%

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
102.71 110.19 283.42 5.62 309.63

CHANGE
+0.28 -0.27 +2.89 +0.06 -0.54

% CHANGE
+0.27% -0.24% +1.03% +1.03% -0.17%

CONTRACT
MAR 14 APR 14 MAR 14 MAR 14 MAR 14

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INTRADAY SUPPORT AND RESISTANCE


19th FEBRUARY

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

ALUMINIUM

28-Feb

103.95

104.60

105.70

106.35

107.45

COPPER

28-Feb

444.77

446.18

448.42

449.83

452.07

CRUDEOIL

19-Mar

6207

6227

6252

6272

6297

GOLD

5-Apr

29086

29621

29920

30455

30754

LEAD

28-Feb

131.65

132.05

132.60

133.00

133.55

NATURALGAS

25-Feb

321.07

329.13

333.97

342.03

346.87

NICKEL

28-Feb

880.9

884.4

889.1

892.6

897.3

SILVER

5-Mar

46691

47213

47572

48094

48453

ZINC
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28-Feb

126.15

126.90

127.40

128.15

128.65
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MOST ACTIVE CONTRACTS


19th FEBRUARY

Symbol
SILVERMICRO NATURAL GAS SILVER M CRUDE OIL SILVER LEADMINI NICKEL COPPER GOLD NICKELMINI

Expiry Date
28-02-2014 25-02-2014 28-02-2014 19-02-2014 05-03-2014 28-02-2014 28-02-2014 28-02-2014 05-04-2014 28-02-2014

LTP
47897.00 340.50 47892.00 6328.00 47892.00 134.40 898.00 451.00 30206.00 898.10

Value (In Lacs)


5,00,76,31,350.00 3,25,97,767.50 2,74,35,41,112.00 28,53,10,536.00 1,48,61,84,544.00 28,96,320.00 1,80,49,800.00 84,52,642.00 53,56,42,998.00 1,56,23,347.60

Volume (In Lots)


1,04,550 95,735 57,286 45,087 31,032 21,550 20,100 18,742 17,733 17,396

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TODAY,S COMMODITY NEWS


19th FEBRUARY

COMMODITY HEADLINES

Gems and jewellery exports fall 13.6% in January. Silver futures down 0.48% on global cues. Odisha supplies reach cap of 57 mt. Lead up 0.4% on spot demand. Zinc up by 0.5% on overseas cues. Egg prices fall 12% in February. Coriander up 1.5% on spot demand. Potato up 0.6% on spot demand. Oil holds above $100 on strong China lending data. Crude oil down 0.2% on Asian cues. Oil prices down after lackluster US stockpiles. Mentha oil shed 2% per cent on profit-booking. Commexes to cut transaction fee on non-deliverables. Mentha oil down by 1% on weak demand.

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COMMODITY BUZZ AND ECONOMIC EVENTS


19th FEBRUARY

SPECIAL NEWS
Australian wages rose modestly in the final quarter of last year as the resource-rich economy softens and unemployment ticks up as a long mining boom slows. Wages excluding bonuses rose a seasonally adjusted 0.7% in the fourth quarter from the prior quarter and rose 2.6% from a year earlier, the Australian Bureau of Statistics said Wednesday. The Reserve Bank of Australia is counting on relatively benign wage growth to help keep inflation under control, as consumer prices rise more strongly than expected. The central bank kept rates steady this month at a record-low 2.5% but appeared to close off the likelihood of future interest-rate cuts as a sharp fall in the local currency has driven up the price of imports, contributing to higher inflation. At the same time, labor costs are falling as investment in new resources projects slows, reducing demand for workers. In the private sector, wages excluding bonuses rose 0.6% in the quarter from the immediately prior quarter and rose 2.5% from a year earlier. Public-sector wages rose 0.9% in the quarter and increased 2.7% from a year earlier.

COMMODITY BUZZ Indias gold demand shot up 13 per cent in 2013, despite imports restrictions. The respite government felt through lower imports was negated by a big jump in smuggling. Gold miners body World Gold Council (WGC) estimated India's demand at 975 tonnes in 2013 compared to 864 tonnes a year ago. The higher demand was attributed to the surge in jeweler and investment demand which grew 11 per cent and 16 per cent, respectively, to 613 tonnes and 362 tonnes (312.2 tonnes), respectively. After a drawdown in the third quarter, the sentiment slightly improved in the fourth quarter of 2013. Demand in the quarter was 219 tonnes compared to 262 tonnes a year ago. Silver prices fell by 0.48% to Rs 47,515 per kg in futures trade today as speculators trimmed their positions at prevailing levels, taking weak cues from the global markets. At the MCX silver for delivery in March traded lower by Rs 220, or 0.48 per cent, to Rs 47,515 per kg in business turnover of 682 lots. May silver shed Rs 214, or 0.44 per cent, to Rs 48,495 per kg in business volume of 47 lots. In the international market, silver dropped as much as 0.30 per cent to $21.63 an ounce in Singapore.

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EPIC RESEARCH ANALYST SPEAKS


19th FEBRUARY

SILVER

Yesterday Intraday Range of SILVER MCX was 1007. Open Interest was down. Volumes were 32330 lots. SILVER MCX Short term trend is UP, Immediate support @ 45700 Immediate Resistance @ 49600 BUY SILVER ABOVE 48050 TGTS 48250/48550 SL 47700 SELL SILVER BELOW 47700 TGTS 47500/47200 SL 48050

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EPIC RESEARCH ANALYST SPEAKS


19th FEBRUARY

GOLD

Yesterday Intraday Range of GOLD MCX was 275 Open Interest was down. Volumes were 18225 lots. GOLD MCX Short term trend is UP, Immediate support @ 29500 Immediate Resistance @ 30500 BUY GOLD(APR) ABOVE 30250 TGTS 30330/30430 SL 30130 SELL GOLD(APR) BELOW 29950 TGTS 29870/29770 SL 30070

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EPIC RESEARCH ANALYST SPEAKS


19th FEBRUARY

CASTORSEED

RESISTANCE 1

4200.7

RESISTANCE 2

4232.3

PIVOT

4173.3

SUPPORT 1

4141.7

SUPPORT 2

4114.3

Castor seed mar looking sideways to bearish in daily chart. Momentum indicator RSI shows down, recommending sell on high. Nearest support @ 4140 & nearest resistance @ 4205. BUY CASTORSEED MAR ABOVE 4205 TGTS 4235,4285 SL 4155 SELL CASTORSEED MAR BELOW 4140 TGTS 4110,4060 SL 4190

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19th FEBRUARY

EPIC RESEARCH ANALYST SPEAKS


DHANIYA

RESISTANCE 1

9155.7

RESISTANCE 2

9230.3

PIVOT

9045.3

SUPPORT 1

8970.7

SUPPORT 2

8860.3

Dhaniya Mar contract is near to its support level assuming that form here onwards, it will bounce back and continue its rally. Immediate support @ 9030 and immediate resistance @ 9120. BUY DHANIYA APR ABOVE 9120 TGTS 9150,9200 SL 9070 SELL DHANIYA APR BELOW 9030 TGTS 9000,8950 SL 9080

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TODAYS ECONOMIC EVENTS


19th FEBRUARY

MONDAY, FEBRUARY 19 TIME


06:00 10:30 15:00 15:00 15:00 19:00 19:00 19:00 19:00 19:00 19:00 19:00 23:30
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COUNTRY
AUD JPY GBP GBP GBP CAD USD USD USD USD USD USD USD

EVENT
WAGE PRICE INDEX (QOQ) BOJ MONTHLY REPORT CLAIMANT COUNT CHANGE MPC MEETING MINUTES UNEMPLOYMENT RATE WHOLESALE SALES (MOM) BUILDING PERMITS (MOM) BUILDING PERMITS CORE PPI (MOM) HOUSING STARTS (MOM) HOUSING STARTS PPI (MOM) FOMC MEMBER BULLARD SPEAKS

ACTUAL FORECAST PREVIOUS


0.7% 0.6% 0.5%

-20.0K

-24.0K

7.1% -1.0% -1.8% 0.980M 0.1% -5.7% 0.950M 0.1%

7.1% 0.0% -2.6% 0.991M 0.3% -9.8% 0.999M 0.4%

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DISCLAIMER
19th FEBRUARY
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