2 daily technical morning reportslkp.accordhostings.com/admin/research...resist 2 3091 resist 1 3077...

Open High Low Close % Cng

Gold 26200 26515 26066 26477 0.95Silver 36668 37100 36577 37014 0.46

Aluminium 112 112.55 111.7 112.4 0.22Copper 369 372.35 369 371.8 0.47Lead 107.5 107.9 106.85 107.7 0.33Nickel 870.6 876 866.5 874.9 0.46Zinc 127.4 128 126.55 127.7 0.31

Crude 3035 3070 3035 3064 0.99Nat. Gas 169 169.6 167.3 167.7 -1.29

USDINR 62.13 62.26 62.11 62.22 0.17EURINR 69.80 69.95 69.62 69.91 -0.86GBPINR 96.28 96.28 95.61 95.83 -0.48JPYINR 52.08 52.25 52.01 52.11 -0.31

1:45pm EUR 55.2 54.7

2:15pm EUR 50.2 49.9

2:30pm EUR 51.1 51.1

2:30pm EUR 0.129 0.129

2:30pm EUR 0.128 0.128

3:30pm EUR -0.005 -0.006

3:30pm EUR 0.006 0.006

3:30pm EUR 0.114 0.114

7:00pm USD 0.001 07:00pm USD 0 -0.003

7:00pm USD 0.004 0.0038:15pm USD 54.3 54.38:30pm USD 53.4 53.5

$ Index Euro Pound Yen DJ Nasdaq Hang Seng Gold$ Silver$ Crude $95.45 1.1172 1.5394 119.87 2104.50 4963.53 24903 1222.64 16.77 49.600.17 -0.18 -0.24 0.26 -0.30 -0.49 0.32 0.72 1.20 2.71

Currency

Rupee dropped as state-owned banks continued toabsorb foreign fund inflows, likely on behalf of theReserve Bank of India (RBI).

Base Metal

Base metals prices ended with gains after China cut interest rates atthe weekend, but caution over faltering demand growth kept a lid onprices. China's central bank cut interest rates, just days before anannual meeting of parliament, in the latest bid to support the world'ssecond-largest economy, as its momentum slows and deflation risksrise.

Energy

Crude oil prices gained supported by an improving demandoutlook and supply outages.

COMMODITY WORLD

Monday, March 02, 2015

Round upPrecious Metals

Gold settled up on last trading day on February month with itssteepest monthly loss in five.

1Email: [email protected]

Commodity Research, Alpha CommoditiesPage No

BUY ZINC MAR @ 127 SL 125.80 TGT 128.10-129.20.MCXBUY NICKEL MAR @ 870 SL 858 TGT 880-892-900.MCXBUY ALUMINIUM FEB @ 112 SL 110.80 TGT 112.80-113.50-114.20.MCX

DAY TIME ZONE EXP PREV

Trading Calls for the DayBUY GOLD APR @ 26350 SL 26150 TGT 26480-26600.MCXBUY SILVER MAY @ 36850 SL 36500 TGT 37100-37450.MCXBUY CRUDE OIL MAR @ 3050 SL 3010 TGT 3088-3130.MCXSELL NAT.GAS MAR @ 169.20-170 SL ABV 173.80 TGT 166.80-164.20-161.50. MCX (STBT)BUY COPPER APR @ 369 SL 366 TGT 372.50-376.MCX

Global Market

Core PCE Price Index m/m

Personal Spending m/m

Personal Income m/m

Final Manufacturing PMI

ISM Manufacturing PMI

ECONOMICAL DATASpanish Manufacturing PMI

Italian Manufacturing PMI

Final Manufacturing PMI

Italian Monthly Unemployment Rate

Italian Quarterly Unemployment Rate

CPI Flash Estimate y/y

Core CPI Flash Estimate y/y

Unemployment Rate

Mon

Open 26200High 26515Low 26066Close 26477% Cng 0.95OI 9077Volume 12228Resist 3 27089Resist 2 26802Resist 1 26640Support 1 26191Support 2 25904Support 3 25742


MC

X S

ilver

MCX Silver05 MAY 2015


COMMODITY WORLDM

CX

Gol

d

MCX Gold03 APR 2015

Silver settled up 0.46% at 37014 rebounded last week as mixed U.S. data tempered expectations of a U.S. Federal Reserve rate hike this year butwas still set for its biggest monthly loss since September on a steady dollar and multiyear highs for European shares. The dollar steadied against abasket of leading currencies and was still on track for its eighth straight month of gains. Data released on Friday showed U.S. economic growthbraked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strongdomestic demand brightened the outlook. U.S. consumer sentiment data fell from an 11-year high in February, while contracts to purchase previouslyowned U.S. homes rose to their highest level in 1-1/2 years in January. On the economic front, U.S. gross domestic product increased by adownwardly revised 2.2 percent in the fourth quarter compared to the previously reported 2.6 percent growth. The growth represents a notableslowdown from the 5.0 percent jump seen in the third quarter. Despite the downward revision, the pace of GDP growth during the fourth quarter stillremains slightly above economists' estimates for a 2.1 percent increase. Pending home sales in the U.S. rebounded in January, a report from theNational Association of Realtors showed Friday, reflecting improved buyer demand. Technically market is under fresh buying as market has witnessedgain in open interest by 10.7% to settled at 7561 while prices up 171 rupee, now Silver is getting support at 36694 and below same could see a testof 36374 level, And resistance is now likely to be seen at 37217, a move above could see prices testing 37420.

Gold settled up 0.95% at 26477 on last trading day on February month with its steepest monthly loss in five. On Saturday in Annual Budget, Indiahas introduce gold deposit accounts to utilise the 20,000 tonnes available within the country and launch a sovereign gold bond, but kept the importduty at the record 10 percent in a setback for jewellers. On Friday, after the dollar trended lower against some major currencies and on some mixedeconomic data from the U.S., notwithstanding a better-than-expected U.S. GDP report fueling speculation of an interest rate hike from the FederalReserve mid-year. Gold prices shed 5 percent in February, after having gained 8 percent in January. Federal Reserve Bank of Atlanta President Dennis Lockhart said in the Wall Street Journal that a rate hike is on the table from June and beyond. His comments come after Fed Chair Janet Yellen toldCongress earlier in the week that economic conditions may soon prompt the Fed to remove its pledge to stay patient on hiking rates. While US GDPincreased by a downwardly revised 2.2 percent in the Q4 compared to the previously reported 2.6 percent growth. Consumer sentiment in the U.S.deteriorated less than previously estimated in February, but below the eleven-year high set in January, a report from the University of Michiganshowed. Also China cut its benchmark lending and deposit rates at the weekend, a day before data showed further weakness in its vastmanufacturing sector. Hedge funds and money managers cut their bullish positions in gold and silver futures and options for the fourth straight week,during the week to Feb. 24. Technically market is getting support at 26191 and below same could see a test of 25904 level, And resistance is nowlikely to be seen at 26640, a move above could see prices testing 26802.



Open 169High 169.6Low 167.3Close 167.7% Cng -1.29OI 12106Volume 4408Resist 3 171Resist 2 171Resist 1 169Support 1 167Support 2 166Support 3 165

MC

X N

atu

ral G

as

MCX Natural Gas26 MAR 2015


COMMODITY WORLDM

CX

Cru

de

Oil

MCX Crude Oil19 MAR 2015

Naturalgas settled down -1.29% at 167.70 ended to a two-week low, as extended forecasts called for warmer weather across the majority of the U.S.in the second week of March. Bearish speculators are betting on the warm weather reducing late-winter demand for the heating fuel. The heatingseason from November through March is the peak demand period for U.S. gas consumption. On Thursday, natural gas plummeted 16.5 cents, or5.77%, after data showed that U.S. natural gas supplies fell less than expected last week, underlining concerns over weak demand. Natural gasstorage in the U.S. declined by 219 billion cubic feet last week, compared to expectations for a decline of 241 billion. The five-year average changefor the week is a decline of 131 billion cubic feet, while supplies fell by 117 billion the same time last year. Total U.S. natural gas storage stood at1.938 trillion cubic feet, 1.5% below the five-year average for this time of year. Last spring, supplies were 55% below the five-year average,indicating producers have more than made up for last winter’s unusually strong demand. For the week, Nymex natural gas prices tumbled 27.5 cents,or 8.8%, the first weekly loss in three weeks. Futures ended February with a gain of 0.87%, halting four straight monthly declines. Technicallymarket is under fresh selling as market has witnessed gain in open interest by 7.4% to settled at 12106 while prices down -2.2 rupee, nowNaturalgas is getting support at 166.8 and below same could see a test of 165.9 level, And resistance is now likely to be seen at 169.1, a move abovecould see prices testing 170.5.

Crudeoil settled up 0.99% at 3064 surged to end higher last week, after the dollar weakened against a basket of some major currencies on somemixed economic data with the final U.S. GDP report coming in better than expected. Nevertheless, the gains were capped amid signs that OPEC willcontinue production at current levels, even as Saudi Arabia and the big oil producers in the OPEC cartel refuse to call an emergency meeting to dealwith the recent collapse in oil prices. A top Saudi official earlier this week said he expects global oil demand to rise by year's end. Crude oil futuresshed 1.1 percent for the week. Meanwhile, the weekly oil rig count from Baker Hughes earlier today showed the number of U.S. rigs actively drillingfor oil and natural gas as on February 27 dropped by 43 rigs to 1,267. The count is down 502 rigs from the same period last year. The oil rigs countdropped 33 to 986. While Economic growth in the U.S. slowed more than previously estimated in the final three months of 2014, a revised reportfrom the Commerce Department showed Friday. However, despite the downward revision, the pace of GDP growth during the fourth quarter was stillabove economists' estimates. Consumer sentiment in the U.S. deteriorated less than previously estimated in February, but below the eleven-yearhigh set in January, a report from the University of Michigan showed Friday. Technically market is under short covering as market has witnessed dropin open interest by -5.97% to settled at 32108 while prices up 30 rupee, now Crudeoil is getting support at 3042 and below same could see a test of3021 level, And resistance is now likely to be seen at 3077, a move above could see prices testing 3091.


Open 369High 372.35Low 369Close 371.8% Cng 0.47OI 11849Volume 5727Resist 3 377Resist 2 374Resist 1 373Support 1 370Support 2 368Support 3 367

Open 870.6High 876Low 866.5Close 874.9% Cng 0.46OI 10046Volume 3801Resist 3 888.0Resist 2 882.0Resist 1 878.5Support 1 869.0Support 2 863.0Support 3 859.5

MC

X N

icke

l

MCX Nickel31 MAR 2015


COMMODITY WORLDM

CX

Cop

per

MCX Copper30 APR 2015

Nickel settled up 0.46% at 874.90 rebounded slightly, and plunged due to the entry of shorts and exodus of longs after the People’s Bank of China(PBOC) announced over the weekend to cut one-year benchmark lending and deposit rates at financial institutions 0.25 percentage point to 5.35%and 2.5%, respectively. This is the second round of rate cut by the PBOC within three months. The loosening of liquidity helped boost financialmarkets. While US real GDP for Q4 grew at an annualized rate of 2.2% QoQ, higher than 2.0% expected, but below Q3’s 2.6%. The University ofMichigan’s final consumer sentiment index for February was 95.4, beating 94 expected. The US Federal Reserve’s Vice Chairman Stanley Fischerindicated last Friday that the Fed is most likely to raise interest rates in this June or September, but the specific timing may be subject to thecountry’s economic performance. William C. Dudley, president of the Federal Reserve Bank of New York warned that the Fed confront more risks toraise rates early than to do so later. He added that should short-term interest rates remain low after a rate increase, the Fed will be forced to takemore aggressive monetary policies. While Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weakdemand, appears to have driven the central bank to speed monetary easing to ward off deflation. Technically market is under short covering asmarket has witnessed drop in open interest by -0.46% to settled at 10046 while prices up 4 rupee, now Nickel is getting support at 869 and belowsame could see a test of 863 level, And resistance is now likely to be seen at 878.5, a move above could see prices testing 882.

Copper settled up 0.47% at 371.80 rose towards its highest in nearly two months after top metals user China cut interest rates at the weekend, butcaution over faltering demand growth kept a lid on prices. On Saturday China's central bank cut interest rates, just days before an annual meeting ofparliament, in the latest bid to support the world's second-largest economy, as its momentum slows and deflation risks rise. Also weakness in China'svast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to speed monetaryeasing to ward off deflation. While lastweek US real GDP for Q4 grew at an annualized rate of 2.2% QoQ, higher than 2.0% expected, but below Q3’s2.6%. The University of Michigan’s final consumer sentiment index for February was 95.4, beating 94 expected. The US Federal Reserve’s ViceChairman Stanley Fischer indicated last Friday that the Fed is most likely to raise interest rates in this June or September, but the specific timing maybe subject to the country’s economic performance. William C. Dudley, president of the Federal Reserve Bank of New York warned that the Fedconfront more risks to raise rates early than to do so later. Meanwhile Hedge funds and money managers nearly eliminated their bearish position incopper futures and options during the week to Feb. 24, U.S. Commodity Futures Trading Commission data showed on Friday. Technically market isunder fresh buying as market has witnessed gain in open interest by 7.83% to settled at 11849 while prices up 1.75 rupee, now Copper is gettingsupport at 369.9 and below same could see a test of 367.8 level, And resistance is now likely to be seen at 373.2, a move above could see pricestesting 374.4.


Open 127.40High 128.00Low 126.55Close 127.70% Cng 0.31OI 2683Volume 1582Resist 3 129.8Resist 2 128.9Resist 1 128.3Support 1 126.8Support 2 125.9Support 3 125.3

Open 112.00High 112.55Low 111.70Close 112.40% Cng 0.22OI 2782Volume 747Resist 3 113.5Resist 2 113.0Resist 1 112.7Support 1 111.9Support 2 111.4Support 3 111.1


MC

X A

lum

iniu

m

MCX Aluminium31 MAR 2015


COMMODITY WORLDM

CX

Zin

c

MCX Zinc31 MAR 2015

Aluminium settled up 0.22% at 112.40 on the expectations of positive policies in China, China is going to hold the 2015 NPC & CPPCC sessions soon,and favorable policies are expected to be rolled out during the meeting, which will provide an opportunity for domestic aluminum prices to rise. It hasbeen more than 1 year since Indonesia’s export ban on bauxite, and it will be unreasonable for aluminum prices to stay below production costs forlonger time. While Rusal- world’s largest aluminum producer believes that the global aluminum industry is likely to grow during the year. It alsoexpects that the production growth outside of China may continue to remain subdued. Also, aluminum premiums in Asia are likely to remain underpressure due to rising exports of semi-manufactured products from China. Incidentally, global aluminum demand had surged by 7% in 2014.According to Rusal, the global aluminum demand is expected to grow by another 6.5% in 2015 to 59 million tons. The Chinese aluminum demand islikely to post a growth of 9.5%, whereas in outside of China, the aluminum demand is expected to grow at a subdued rate of 3.4%. The marketsoutside of China will face supply deficit during 2015. Rusal expects relatively stronger demand growth during the second half of 2015. While China'scentral bank cut interest rates on Saturday, just days before an annual meeting of parliament, in the latest bid to support the world's second-largesteconomy, as its momentum slows and deflation risks rise. Technically now Aluminium is getting support at 111.9 and below same could see a test of111.4 level, And resistance is now likely to be seen at 112.7, a move above could see prices testing 113.

Zinc settled up 0.31% at 127.70 in an anticipated zinc deficit with ongoing mine closures. Base metal prices have been undermined by the negativesentiment caused by the fall in oil prices and a slowing Chinese economy. China’s Purchasing Managers’ Index for Manufacturing slipped intocontractionary mode in January, indicating declining activity in manufacturing. Major economic indicators released last Friday were mixed. US Q4growth topped market expectations to rise 2.2% on the quarterly basis. University of Michigan’s February CCI was 95.4, higher than marketexpectations but down from 2011’s level. When combined with the likelihood of an earlier interest rate hike, the US dollar index climbed. LME zincprices opened at USD 2,073.5/mt, then fluctuated between the 5 and 10-day moving average, and closed at USD 2,066/mt, down USD 7/mt or0.34%. While China's central bank cut interest rates on Saturday, just days before an annual meeting of parliament, in the latest bid to support theworld's second-largest economy, as its momentum slows and deflation risks rise. Weakness in China's vast manufacturing sector, aggravated by highreal borrowing costs and weak demand, appears to have driven the central bank to speed monetary easing to ward off deflation. The market willcontinue to absorb China’s interest rate hike today. When combined with upbeat February manufacturing figures, market sentiment will be inspired.Technically market is under fresh buying as market has witnessed gain in open interest by 2.44% to settled at 2683 while prices up 0.4 rupee, nowZinc is getting support at 126.8 and below same could see a test of 125.9 level, And resistance is now likely to be seen at 128.3, a move above couldsee prices testing 128.9.

Ratio

71.53

8.64

71.21

12.08

99.55

18.27

0.84

Change Stock

1350 296375

1080 428676

-1675 567350

-7725 3946650

1100 214750

Commodity Spread

MCX GOLD APR-JUN 214.00 Gold Silver ratio

MCX SILVER MAY-JUL 443.00 Gold Crude ratio

COMMODITY WORLD

Spread View Ratio TradingCommodity

MCX ZINC MAR-APR 0.60 Silver Copper ratio

MCX NICKEL MAR-APR 4.00 Crude Natural Gas ratio

MCX CRUDEOIL MAR-APR 159.00 Gold Copper ratio

MCX NATURALGAS MAR-APR 4.00 Silver Crude ratio

MCX CARDAMOM APR-MAY -12.00 LME Stock (Tons) NCDEX DHANIYA APR-MAY 86.00 Commodity

MCX LEAD MAR-APR 0.95 Lead Zinc ratio

MCX ALUMINIUM MAR-APR 0.80

NCDEX CHILLI APR-JUN 412.00 ZincMCX CPO MAR-APR 1.90 Aluminium

NCDEX JEERAUNJHA APR-MAY 260.00 CopperNCDEX TMCFGRNZM APR-MAY 118.00 Nickel

NCDEX CHARJDDEL APR-MAY 8.00

News you can Use

Low-yielding bond markets could abruptly "wake up" and reprice for tighter U.S. monetary policy, posing problems for the Federal Reserve as itapproaches an interest rate hike, a top Fed official said. St. Louis Fed President James Bullard said in an interview with Reuters that the longer theU.S. central bank keeps rates near zero amid such booming markets, the greater the risk of damaging asset-price bubbles over the next few years."There is a disconnect between markets and the Fed and that is going to be reconciled at some point. And I am a little bit concerned that one daymarkets will wake up" and "reprice everything," said Bullard, a hawkish policymaker who does not have a rotating vote on policy until next year.Several Fed officials have stressed over an apparent disconnect between low market-based borrowing costs and the Fed's plan to lift its key short-term rate this year. After a brief rebound, U.S. Treasury bond yields again compressed after minutes of the Fed's last policy meeting were madepublic last week, and after Fed Chair Janet Yellen's congressional testimony this week. Long-term borrowing costs remain near record lows despitestrong growth in jobs and the economy. Bullard, who has long called for the Fed to hike its key rate sooner than later, said asset prices willpotentially play a bigger role in policy decisions because it "is going to be a bigger risk going forward."

With energy prices showing another substantial decrease, the Labor Department released a report showing that U.S. consumer prices fell by slightlymore than expected in the month of January. The Labor Department said its consumer price index tumbled by 0.7 percent in January after falling by0.3 percent in each of the two previous months. Economists had expected the index to drop by 0.6 percent. The bigger than expected decreasereflected the steepest monthly drop by the consumer price index since December of 2008. Reflecting the steep monthly drop, the Labor Departmentsaid the consumer price index for January was down by 0.1 percent compared to the same month a year ago, the first annual drop since October of2009. Energy prices helped to lead the way lower, plunging by 9.7 percent in January following a 4.7 percent drop in the previous month. The steepdrop in energy prices came as gasoline prices plummeted by 18.7 percent in January, reflecting the sharpest in a series of seven consecutivedeclines.

Eurozone money supply growth accelerated for a third straight month in January to its fastest pace in nearly six years and loans to the private sectorfell at a modest pace, signaling revival in euro area bank lending. M3, the broad measure of money supply, grew at 4.1 percent year-on-year inJanuary, which was the fastest pace since April 2009, when it rose 4.8 percent, data from the European Central Bank showed. "This is no reason forinflationary fears however," ING Bank economist Teunis Brosens said. "With oil prices still around $60 per barrel, headline inflation in the Eurozonelooks set to remain negative until the Summer, and it may not reach 1.0 percent until the end of this year." Meanwhile, IHS Global Insight economistHoward Archer said M3 growth was still below the ECB's 4.5% target rate and does not hugely dilute concerns over Eurozone deflation. In January,Eurozone consumer prices declined 0.6 percent, which was the worst fall since July 2009. In December, M3 increased 3.8 percent, revised from 3.6percent. Economists had expected M3 growth of 3.7 percent for January.

MCX MENTHAOIL MAR-APR 8.10 LeadNCDEX RMSEED APR-MAY 20.00

NCDEX SYBEANIDR APR-JUN 27.00

Commodity Research, Alpha CommoditiesPage No 6

Email: [email protected]

Disclaimer :This document has been issued by Alpha Commodities for the information of its customers only. Alpha Commodities is governed bythe Forward markets commission of India. This document is not for public distribution and has been furnished to you solely foryour information and must not be reproduced or redistributed to any other person. Persons into whose possession this documentmay come are required to observe these restrictions. The information and opinions contained herein have been compiled or arrivedat based upon information obtained in good faith from public sources believed to be reliable. Such information has not beenindependently verified and no guarantee, representation or warranty, express or implied is made as to its accuracy, completenessor correctness. All such information and opinions are subject to change without notice. This document has been producedindependently of any company or companies mentioned herein, and forward looking statements; opinions and expectationscontained herein are subject to change without notice. This document is for information purposes only and is provided on an “as is”basis. Descriptions of any company or companies or their securities mentioned herein are not intended to be complete and thisdocument is not, and should not be construed as an offer, or solicitation of an offer, to buy or sell or subscribe to any commoditiesor other financial instruments. We are not soliciting any action based on this document. Alpha Commodities, its associate andgroup companies its directors or employees do not take any responsibility, financial or otherwise, of the losses or the damagessustained due to the investments made or any action taken on basis of this document, including but not restricted to, fluctuation inthe prices of commodities, etc. This document is not directed to or intended for display, downloading, printing, reproducing or fordistribution to or use by any person or entity who is a citizen or resident or located in any locality, state, country or otherjurisdiction where such distribution, publication, reproduction, availability or use would be contrary to law or regulation or wouldsubject Alpha Commodities or its associates or group companies to any registration or licensing requirement within suchjurisdiction. If this document is inadvertently sent or has reached any individual in such country, the same may be ignored andbrought to the attention of the sender. This document may not be reproduced, distributed or published for any purpose withoutprior written approval of Alpha Commodities .This document is for the general information and does not take into account theparticular investment objectives, financial situation or needs of any individual customer, and it does not constitute a personalizedrecommendation of any particular commodity or investment strategy. Before acting on any advice or recommendation in thisdocument, a customer should consider whether it is suitable given the customer’s particular circumstances and, if necessary, seekprofessional advice. Certain transactions, including those involving futures, options, and high yield securities, give rise tosubstantial risk and are not suitable for all investors. Alpha Commodities, its associates or group companies do not represent orendorse the accuracy or reliability of any of the information or content of the document and reliance upon it is at your own risk.Alpha Commodities, its associates or group companies, expressly disclaims any and all warranties, express or implied, includingwithout limitation warranties of merchantability and fitness for a particular purpose with respect to the document and anyinformation in it. Alpha Commodities, its associates or group companies, shall not be liable for any direct, indirect, incidental,punitive or consequential damages of any kind with respect to the document. No part of this publication may be reproduced,stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, orotherwise, without the prior written permission of Alpha Commodities

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Email: [email protected]

COMMODITY WORLD

2 daily technical morning reportslkp.accordhostings.com/admin/research...resist 2 3091 resist 1 3077...

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