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DAILY COMMODITY REPORT

25th FEBRUARY

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DAILY MARKET WRAPUP


25th FEBRUARY
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)

GOLD SILVER CRUDEOIL COPPER LEAD NATURALGAS NICKEL ZINC ALUMINIUM

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

29881 47310 6371 449.1 131.65 384.9 888 126.5 106.8

30174 48343 6421 449.1 131.7 402.7 890 127.55 107

29881 47162 6345 442.4 130.5 342.1 878.2 126.1 105.55

30120 47985 6400 446.4 131.3 345.4 888.8 127.4 106.6

+0.81% +1.25% -0.14% -0.73% -0.72% -10.41% -0.45% -0.08% -0.97%

11549 9756 10706 7386 3192 7400 4326 2588 2633

LME WAREHOUSE STOCKS (24-FEB- 2014) METAL


ALUMINIUM COPPER LEAD NICKEL TIN ZINC
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TONNES IN STORAGE
-7675 -2875 UNCHANGED -558 -55 -4850
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INTERNATIONAL MARKETS
25th 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
1,333.10 1,333.75 21.89 323.50 1,434.38

CHANGE
-4.90 -3.22 +0.07 -2.50 -3.93

% CHANGE
-0.37% -0.24% +0.32% -0.77% -0.27%

CONTRACT
APR 14 N/A MAY 14 MAY 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
102.47 110.48 282.91 5.43 309.48

CHANGE
+0.27 -0.16 -0.42 -0.02 -0.44

% CHANGE
+0.26% -0.14% -0.15% -0.37% -0.14%

CONTRACT
APR 14 APR 14 MAR 14 MAR 14 MAR 14

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INTRADAY SUPPORT AND RESISTANCE


25th FEBRUARY

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
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28-FEB

125.57

126.48

127.02

127.93

128.47
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MOST ACTIVE CONTRACTS


25th FEBRUARY

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

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

LTP
346.00 48099.00 6405.00 48094.00 48078.00 446.45 446.35 131.40 30920.00 886.90

Value (In Lacs)


5,17,79,592.00 3,56,81,28,117.00 32,20,81,830.00 2,02,97,11,082.00 1,09,82,45,754.00 99,00,028.75 75,80,362.05 16,87,307.40 36,23,20,560.00 1,03,67,861.00

Volume (In Lots)


1,49,652 74,183 50,286 42,203 22,843 22,175 16,983 12,841 11,718 11,690

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TODAY,S COMMODITY NEWS


25th FEBRUARY

COMMODITY HEADLINES
Jewelers 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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COMMODITY BUZZ AND ECONOMIC EVENTS


25th FEBRUARY

SPECIAL NEWS
Global rating agency Moody's Investors Services on Monday warned that Indian banks will require more capital than what the government has allocated in last week's interim budget. Last Monday, India's government unveiled its interim budget for the fiscal year starting in April, allocating 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 a reading 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 register the same reading as in January. The German Current Assessment index, which measures current business conditions in Germany, was at 114.4, up from January's 112.4

COMMODITY BUZZ
The 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 bullion, with Newcrest Mining, for example, up 30% year-todate. 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 continues 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 market cannot but remain flat, as growth continues 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.

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EPIC RESEARCH ANALYST SPEAKS


25th FEBRUARY

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 RESEARCH ANALYST SPEAKS


25th FEBRUARY

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 RESEARCH ANALYST SPEAKS


25th FEBRUARY

GUARGUM

RESISTANCE 2

13,507

RESISTANCE 1

13,253

PIVOT

13,077

SUPPORT 1

12,823

SUPPORT 2

12,647

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

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EPIC RESEARCH ANALYST SPEAKS


25th FEBRUARY

DHANIYA

RESISTANCE 2

9484

RESISTANCE 1

9409

PIVOT

9292

SUPPORT 1

9217

SUPPORT 2

9100

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

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TODAYS ECONOMIC EVENTS


25th FEBRUARY

MONDAY, FEBRUARY 24 TIME


05:20 07:30 12:30 13:15 13:30 14:30 14:30 15:00 15:30 16:30 19:00 19:25 19:30 19:30 19:30 20:30 20:30
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COUNTRY
JPY NZD EUR EUR EUR EUR EUR GBP EUR EUR CAD USD USD USD USD USD USD

EVENT
CSPI (YoY) Inflation Expectations (QoQ) German GDP (QoQ) French Business Survey Spanish PPI (YoY) Italian Retail Sales (MoM) Italian Retail Sales (YoY) BBA Mortgage Approvals Italian Consumer Confidence Italian Trade Balance Non-EU Corporate Profits (QoQ) Redbook (YoY) House Price Index (YoY) House Price Index (MoM) S&P/CS HPI Composite - 20 (YoY) CB Consumer Confidence Richmond Manufacturing Index

ACTUAL FORECAST PREVIOUS


0.8% 2.3% 0.4% 100 -0.7% 0.4% 1.2% 1.1% 2.3% 0.4% 100 0.6% 0.0% 0.1% 47.9K 98.5 46.5K 98.0 3.43B 1.5% 3.2% 7.7% 0.4% 13.3% 80.0 13 7.6% 0.1% 13.7% 80.7 12
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DISCLAIMER
25th FEBRUARY
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