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17th FEBRUARY
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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
TONNES IN STORAGE
-10575 -1550 -500 -276 -4150
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INTERNATIONAL MARKETS
17th FEBRUARY
UNITS
USD/T OZ. USD/T OZ. USD/T OZ. USD/LB. USD/T OZ.
PRICE
1,329.60 1,329.89 21.95 328.45 1,431.56
CHANGE
+11.00 +11.23 +0.52 +2.00 +3.81
% CHANGE
+0.83% +0.85% +2.45% +0.61% +0.27%
CONTRACT
APR 14 N/A MAR 14 MAR 14 N/A
UNITS
USD/BBL. USD/BBL. USD/GAL. USD/MMBTU USD/GAL.
PRICE
100.59 109.27 281.01 5.40 308.22
CHANGE
+0.29 +0.19 +0.48 +0.19 +0.40
% CHANGE
+0.29% +0.17% +0.17% +3.62% +0.13%
CONTRACT
MAR 14 APR 14 MAR 14 MAR 14 MAR 14
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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
YOUR MINTVISORY
28-FEB
125.08
125.67
126.08
126.67
127.08
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Symbol
NATURAL GAS SILVERMICRO SILVER M CRUDE OIL SILVER LEADMINI COPPER COPPERMINI NICKEL NICKELMINI
Expiry Date
25-02-2014 28-02-2014 28-02-2014 19-02-2014 05-03-2014 28-02-2014 28-02-2014 28-02-2014 28-02-2014 28-02-2014
LTP
326.20 46283.00 46295.00 6191.00 46270.00 131.80 445.95 446.00 881.40 881.70
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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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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 declined after the auto sales showed a sharp decline. inventories of Crude Oil increased by 3.3 million barrels.
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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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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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CASTORSEED
RESISTANCE 1
4298.70
RESISTANCE 2
4330.30
PIVOT
4278
SUPPORT 1
4246.70
SUPPORT 2
4226.30
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
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17th FEBRUARY
RESISTANCE 1
9215.30
RESISTANCE 2
9352.70
PIVOT
9132.70
SUPPORT 1
8995.30
SUPPORT 2
8912.70
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
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COUNTRY
EVENT
United States - Washington's Birthday Canada - Family Day Spanish industrial New Orders (YoY) French 12-Month BTF Auction French 3-Month BTF Auction French 6-Month BTF Auction SNB Chairman Thomas Jordan speaks South Korean PPI (MoM) South Korean PPI (YoY) Monetary Policy Meeting Minutes Interest Rate Decision
-3.0%
0.2% -0.4%
0.10%
0.10%
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DISCLAIMER
17th FEBRUARY
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