DAILY COMMODITY REPORT

21st FEBRUARY

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DAILY MARKET WRAPUP

21st FEBRUARY
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)

GOLD SILVER CRUDEOIL COPPER LEAD NICKEL NATURALGAS ZINC ALUMINIUM

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

29960 47592 6420 451 133.3 900.5 381.4 127.75 107.7

29980 47670 6437 451 133.3 900.5 395.5 127.9 107.95

29790 47151 6391 447.8 132.1 890.1 366.1 126.75 106.85

29882 47486 6414 449.75 132.3 890.9 386.2 127.5 107.7

-0.47 -0.56 +0.28 -0.41 -0.68 -1.04 +3.09 -0.47 -0.14

11260 9536 11016 7973 3091 5367 14974 2436 2473

LME WAREHOUSE STOCKS (20-FEB- 2014) METAL

ALUMINIUM COPPER LEAD NICKEL TIN

TONNES IN STORAGE
-4275 -1025 -600 -42 -165

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INTERNATIONAL MARKETS
21st 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
1,317.80 1,317.78 21.64 327.70 1,416.13

CHANGE
+0.90 -5.19 -0.22 -0.20 -1.43

% CHANGE
+0.07% -0.39% -0.98% -0.06% -0.10%

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
102.75 110.28 284.74 6.16 317.30

CHANGE
0.00 -0.02 +0.08 +0.10 -0.47

% CHANGE
0.00% -0.02% +0.03% +1.57% -0.15%

CONTRACT
APR 14 APR 14 MAR 14 MAR 14 MAR 14

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INTRADAY SUPPORT AND RESISTANCE

21st FEBRUARY

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

ALUMINIUM

28-FEB

107.05

107.50

108.15

108.60

109.25

COPPER

28-FEB

448.03

449.52

451.23

452.72

454.43

CRUDEOIL

19-MAR

6391

6414

6437

6460

6483

GOLD

5-APR

29788

29884

29978

30074

30168

LEAD

28-FEB

131.83

132.57

133.03

133.77

134.23

NATURALGAS

25-FEB

369.70

382.60

399.10

412.00

428.50

NICKEL

28-FEB

887.2

893.8

897.6

904.2

908.0

SILVER

5-MAR

47201

47436

47720

47955

48239

ZINC
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28-FEB

126.87

127.38

128.02

128.53

129.17
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MOST ACTIVE CONTRACTS

21st FEBRUARY

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

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 28-02-2014 05-04-2014

LTP
390.90 47534.00 6424.00 47529.00 47518.00 449.55 132.40 449.60 892.30 29890.00

Value (In Lacs)

11.70 -259.00 18.00 -266.00 -269.00 -1.85 -0.90 -1.80 -9.20 -141.00

Volume (In Lots)

3.09% -0.54% 0.28% -0.56% -0.56% -0.41% -0.68% -0.40% -1.02% -0.47%

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TODAY,S COMMODITY NEWS

21st FEBRUARY

COMMODITY HEADLINES
Silver down 0.8% on global cues. Hawala premiums for gold smuggling shoot up to 4%. Gold import restriction helps parallel economy more than real economy. Lead down 0.3% on subdued spot demand, overseas trend. Aluminium down 0.2% on global cues. Nickel down 0.8% on sluggish demand, global cues. Cardamom 0.4% on pick-up in demand. Refined soya up 0.4% on rising demand. Potato up 0.4% on strong demand. Crude oil up 0.5% on overseas cues. Oil holds above $100 on strong China lending data. Crude oil down 0.2% on Asian cues. India's 2014/15 natural rubber imports to fall. Recovery in rubber's growth imminent. Cotton exports to reach 10 mn bales.

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COMMODITY BUZZ AND ECONOMIC EVENTS

21st FEBRUARY

SPECIAL NEWS
European Commission on Thursday, the DG ECFIN flash estimate of the consumer confidence indicator decreased in the euro area to -12.7 levels in February 2014, down from -11.7 in January 2014 and, to a lesser extent, in the EU to -9.3 from -8.8 in January 2014. Fresh selling is likely to emerge in castor seed futures from higher levels due to fresh arrivals in local mandies along with higher production estimates in the current year. The NCDEX futures to encounter fresh selling from 4222-4230 levels in the near term. As per market sources, fresh arrivals of around 45-60 thousand bags have been reported in the major mandies of Gujarat with the price range of Rs 3600-3700 per quintal Traders are expecting rise in daily arrivals from the February end due to new supplies from Rajasthan.

COMMODITY BUZZ

Bullion were trading lower with gold and silver lower to $1314 and $21.6 per ounce mark; weaker by 0.4% and 1% respectively at the COMEX platform. CPI could see positive uptick; there is a chance for negative surprise from jobless claims due to the extremely high winter period in the US. If the Jobless claims number disappoints heavily we could see some gains coming into the yellow metal. On silver though we are maintaining our selling stance while also feel the underperformance in the commodity would continue in the evening session as well. Base metals 3M forwards at the LME platform are trading lower in the range of 0.2% to 0.6% at the time of writing the report. Metals pack continued to trade lower for the larger part of the day taking negative cues from the weak manufacturing data from the Euro-Zone. The inventory data was positive for nickel wherein the cancelled warrants for the commodity increased by 1% and helped the commodity reduce its losses from the morning session. Crude oil's active April contract at the NYMEX is trading marginally lower by 0.15% down to $102.65 per barrel. In the Indian markets, prices for the March expiry are trading with moderate gains as we adjust for the additional gains seen last night at the NYMEX, post the closing of the MCX markets.

The NCDEX Castor seed March delivery settled at Rs 4184 per quintal , up marginally by 0.36% in last trading. The NCDEX futures declined by almost Rs 100 per quintal in last one week. Technically, selling is likely to emerge from 4222-4230 levels, while supports are likely at 4140-415 levels in the near term.

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EPIC RESEARCH ANALYST SPEAKS

21st FEBRUARY

SILVER

SILVER MCX Short term trend is UP, Immediate support @ 45700 Immediate Resistance @ 49600. Yesterday Intraday Range of SILVER MCX was 519. Open Interest was down. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER ABOVE 47700 TGTS 47900/48200 SL 47350 SELL SILVER BELOW 47100 TGTS 46900/46600 SL 47450

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EPIC RESEARCH ANALYST SPEAKS

21st FEBRUARY

GOLD

GOLD MCX Short term trend is UP, Immediate support @ 29500 Immediate Resistance @ 30500. Yesterday Intraday Range of GOLD MCX was 190. Open Interest was down. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 29950 TGTS 30030/30130 SL 29830 SELL GOLD(APR) BELOW 29790 TGTS 29710/29610 SL 29910

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EPIC RESEARCH ANALYST SPEAKS

21st FEBRUARY

CASTORSEED

RESISTANCE 1

4200.0

RESISTANCE 2

4216.0

PIVOT

4181.0

SUPPORT 1

4146.0

SUPPORT 2

4165.0

Castor seed mar contract short term trend is "consolidate " Immediate support @ 4140 Immediate Resistance @ 4200 Yesterday Castor seed mar closed @ 4192. intraday range was 35 pts. trend is bearish to sideways Momentum indicate RSI is below mid range signs down side. But short term trend is sideways BUY CASTORSEED MAR ABOVE 4200 TGTS 4230,4280 SL 4150 SELL CASTORSEED MAR BELOW 4140 TGTS 4110,4060 SL 4190

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21st FEBRUARY

EPIC RESEARCH ANALYST SPEAKS

DHANIYA

RESISTANCE 1

9022.3

RESISTANCE 2

9086.7

PIVOT

8952.7

SUPPORT 1

8888.3

SUPPORT 2

8818.7

Dhaniya April Short term trend is "Down", Immediate support @ 8930 Immediate Resistance @ 9020 Yesterday Dhaniya April Closed @ 8948 .Intraday Range of Dhaniya mar was 134 pts, but consolidating today expecting from here Dhaniya Mar will go for new low allover trend is bullish. BUY DHANIYA APR ABOVE 9020 TGTS 9050,9100 SL 8970 SELL DHANIYA APR BELOW 8930 TGTS 8900,8850 SL 8980

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TODAYS ECONOMIC EVENTS

21st FEBRUARY

FRIDAY, FEBRUARY 21 TIME

05:20 15:00 15:00 15:00 15:00 19:00 19:00 19:00 19:00 19:00 19:00 19:30 20:30 20:30 23:40

COUNTRY
JPY GBP GBP GBP GBP CAD CAD CAD CAD CAD CAD MXN USD USD USD

EVENT
Monetary Policy Meeting Minutes Core Retail Sales (MoM) Core Retail Sales (YoY) Retail Sales (YoY) Retail Sales (MoM) Core CPI (YoY) Core CPI (MoM) Core Retail Sales (MoM) CPI (YoY) CPI (MoM) Retail Sales (MoM) Mexican GDP (YoY) Existing Home Sales (MoM) Existing Home Sales FOMC Member Bullard Speaks

ACTUAL FORECAST PREVIOUS

-1.4% 5.0% 5.0% -1.0% 1.0% 0.1% 0.2% 1.0% 0.1% -1.0% 1.1% -4.3% 4.68M

2.8% 6.1% 5.3% 2.6% 1.3% -0.4% 0.4% 1.2% -0.2% 0.6% 1.3% 1.0% 4.87M

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21st FEBRUARY
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