Commodity Daily Market Watch - GEPL Capital

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Commodity Daily Market Watch
Date: 20th Mar, 2013
One Stop Investment Avenue
TM
Daily Snapshot
Commodity MCX Previous (INR) Net Chg(%) YTD % Chg
GOLD 29871.00 (0.19) -3.39
SILVER 54707.00 (0.14) -5.59
ALUMINIUM 104.20 (0.05) -6.68
COPPER 412.80 0.53 -6.49
LEAD 117.75 (0.17) -7.95
NICKEL 904.10 (0.04) -3.48
ZINC 103.50 0.19 -6.87
NATURAL GAS FUT Mar13
CRUDE OIL FUT Apr13
ZINC FUTURE Mar13
NICKEL FUT (MCX) Mar13
LEAD FUTURE Mar13
Series1
COPPER FUT (MCX) Apr13
ALUMINIUM FUTURE Mar13
SILVER FUTURE May13
GOLD FUTURE Apr13
CRUDE OIL 5010.00 1.32 1.24
1.00 0.50 0.00 0.50 1.00 1.50
NATURAL GAS 216.30 (0.79) 16.17
Important Economic Data Today
Date Time Event Survey Actual Prior
03/20/2013 16:30 MBA Mortgage Applications — — -4.70%
03/20/2013 23:30 FOMC Rate Decision & Statement 0.25% — 0.25%
Currency Updates Previous % Chg YTD % Chg
EURINR 70.55 -0.57 (3.51)
GPBINR 82.39 -0.21 (7.72)
JPYINR 57.19 0.26 (10.46)
USDINR 54.48 0.01 (1.20)
DOLLAR INDEX 82.99 0.02 4.05
Bullions, Base-Metals and Energy Updates
• Bullions
⇒ Gold held steady on Wednesday, close to a three-week high as Cyprus's rejection of bailout terms triggered worries about a default and underpinned
safe haven demand in gold. But buying in Asia's physical markets slowed from earlier in the month as prices rose over the last week. Cyprus's parliament
overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout on Tuesday, throwing international efforts to rescue
the latest casualty of the euro zone debt crisis into disarray. The threat of a default or even expulsion of Cyprus from the euro zone drove nervous
investors to seek refuge in gold, though such support may not last long. Supportive of gold prices, holdings of SPDR Gold Trust, the world's largest gold
-backed exchange-traded fund, rose 2.708 tonnes to 1,222.162 tonnes on Tuesday, the first increase in daily holdings since early February. Upbeat U.S.
economic data in recent months has encouraged investors to pile money into the stock market, helping the S&P 500 index climb more than 8 percent so
far this year. Gold, in comparison, is down nearly 4 percent since Dec. 31. Investors will be closely watching the outcome of the Federal Reserve's twoday
meeting today night, as well as a press conference by Fed Chairman Ben Bernanke. Any hint of tightening monetary policy would add to headwind
that gold faces.
• Base—Metals
⇒ Copper steadied, but remained near four-month lows on Tuesday as equities and the euro sank versus the dollar on investor nervousness about a potential
banking collapse in Cyprus. A lack of demand for copper by buyers in top commodities consumer China also worried investors, especially since
prices were not far off their lowest for the year. The euro fell, as did European equities, as Cyprus's parliament was set to reject a controversial bank
deposit levy crucial for the country to secure financial aid, but which has raised fears of fresh euro zone instability. A weaker euro makes dollar-priced
metals more expensive for holders of the single currency. Markets waited in vain for China to resume buying metals after its Lunar New Year holiday,
and as it’s once in a decade leadership transition winds up and the seasonally strongest second quarter gets underway. Recent Chinese government
pronouncements on the property market add to the sense that manufacturing growth will be muted in 2013. A report showing U.S. housing starts rose,
and new permits for construction climbed to the highest level since 2008, helped support copper, although the U.S. housing sector accounted for just 9
percent of global primary copper consumption last year.
• Energy
⇒ Crude oil fell on Tuesday, as uncertainty over a bailout for Cyprus intensified concerns about the euro zone debt crisis, and energy demand if the economic
picture darkens. The proposal announced over the weekend shattered calm in the euro zone and caused global markets and the euro to tumble.
Iran also presented an element of risk that could cap losses in oil markets regardless of the outcome of the vote in Cyprus, said Thorbjoern Bak Jensen
of Global Risk Management. Europe and the United States last year imposed tough new sanctions aimed at Iran's oil trade to force Tehran to the negotiating
table over its nuclear programme. Insurers have refused to cover Indian refineries that process Iranian crude imports due to Western sanctions in
a move that could halt deliveries, raising concerns other Asian buyers may face a similar snag. Investors looked ahead to the weekly release of U.S. oil
inventories data today. A further fall in crude stocks at oil futures delivery hub Cushing, Oklahoma, could strengthen West Texas Intermediate (WTI)
prices against Brent. U.S. commercial crude stockpiles were expected to have risen 2 million barrels last week on low refinery runs, a preliminary
Reuter’s poll of analysts showed on Monday.
Group company GEPL Commodities Pvt Ltd

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Commodity Daily Market Watch
Date: 20th Mar, 2013
One Stop Investment Avenue
TM
Commodity Trading Strategies
Commodity Month Support 1 Support 2 Resistance 1 Resistance 2 Intraday Short Term
Gold Apr 29650 29500 29850 30000 Bullish Bearish
Silver May 54300 53900 54900 55300 Bullish Bearish
Crude Oil April 5125 5090 5180 5240 Bullish Bullish
Natural Gas Mar 211 209 215 218 Sideways Bullish
Copper April 415 413 418 420 Bearish Bearish
Nickel Mar 890 880 908 915 Bearish Bearish
Aluminium Mar 104 102 106 107 Bearish Bearish
Lead Mar 118 116 120 121 Bearish Bearish
Zinc Mar 103 101 105 106 Bearish Bearish
*Figures in INR unless indicated otherwise
Agriculture
Commodity Month Support 1 Support 2 Resistance 1 Resistance 2 Intraday Short term
JEERA MAR 12800 12700 13100 13250 Sideways Bullish
PEPPER Mar 35900 35600 36200 36400 Sideways Bearish
TURMERIC APR 6500 6400 6850 7000 Sideways Bullish
CHILLI MAR 6400 6250 6700 6800 Bearish Bullish
CHANA April 3370 3330 3410 3440 Bullish Bearish
SOY OIL Mar 683 680 688 692 Bullish Bullish
SOY BEAN Mar 3600 3570 3650 3700 Bullish Bullish
MENTHOIL mar 1130 1111 1165 1175 Bearish Bullish
CARDAMOM Mar 880 860 900 920 bearish Bullish
*Figures in INR unless indicated otherwise
Currency
Commodity Month Support 1 Support 2 Resistance 1 Resistance 2 Intraday Short Term
USD/INR March 53.98 53.80 54.10 54.25 Bearish Bearish
EUR/INR March 69.95 69.75 70.16 70.35 Bearish Bearish
GBP/INR March 81.53 81.30 81.73 81.92 Bearish Bearish
JPY/INR March 56.51 56.30 57.80 57.05 Bearish Bearish
*Figures in INR unless indicated otherwise
GEPL Commodities Pvt Ltd
Head Office: D-21/22 Dhanraj mahal, CSM Marg, Colaba, Mumbai 400001 Reg Office : 922-C, P.J. Towers,Dalal Street, Fort, Mumbai 400001
Disclaimer: This document has been prepared by the Research Desk of M/s GEPL Commodities Pvt. Ltd. and is meant for use of the recipient only and is not for circulation. This document is not to be reported or copied or made available
to others. It should not be considered to be taken as an offer to sell or a solicitation to support any security. The information contained herein is obtained and collated from sources believed reliable and we do not represent it as
accurate or complete and it should not be relied upon as such. The opinion expressed or estimates made are as per the best judgment as applicable at that point of time and are subject to change without any notice. GEPl Capital Pvt.
Ltd. along with its associated companies/ officers/employees may or may not, have positions in, or support and sell securities referred to herein.
Group company GEPL Commodities Pvt Ltd