DAILY COMMODITY REPORT 1ST FEBRUARY 2013
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HEADLINES US jobs data, lower inflation may pressure gold. Gold is likely to be under pressure after prices dropped in the global market on signs that inflation in general is receding and employers in the US perhaps provided more jobs in January. A fall in inflation cuts into the
TRADING TIP:
appeal for gold that is seen as a hedge against soaring prices of commodities. The rising rupee, in demand
Sell Gold Apr
from institutions abroad to invest in stocks and other
Below 30500
rupee makes import of commodities such as gold, crude
TGTS-30400/30300 SL-30600
markets, is also likely to add to the pressure. A higher oil and vegetable oils cheaper. Copper surges on US monetary hopes. Copper prices hit a three and a half month high on supported by hopes of continued US monetary stimulus. But they later eased back on profit-taking.
Sell Zinc Feb
Copper was also supported by early speculative buying ahead of the Chinese official purchasing managers’
Below 113.35
index, scheduled to be published later this week. The
TGTS-112.80/112
data at a two-year high.
HSBC PMI data released last week showed the January
SL- 113.90
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
CHANA
7/19/2012
4556
4573
4525
4560
4532
-28
-0.61
CHILLI
7/19/2012
5060
5060
5018
5120
5018
-102
-1.99
GUR
7/19/2012
1188
1188
1178
1183.5
1178
-5.5
-0.46
JEERA
7/19/2012
14955
14960
14650
15052.5
14800
-252.5
KAPAS
7/19/2012
1044
1053
1035
1049
1041
-8
-0.76
Symbol
DAILY MARKET STATISTICS
Expiry Date
PCP
% Change
-1.68
LTP
Crude Oil PEPPER 7/19/2012
19-Feb-13 42300 42555
5210.00 42250 42390
-0.15 42435
45
5202.00 0.11
Nickel REF SOYA 7/19/2012
28-feb-13 780.5 783.6
975.00 777.4 782.85
0.10 781.3
-1.55
979.10 -0.2
SOY BEANSilver 7/19/2012
4309 5-Mar-13 4330
4265.5 59061.00 4303
4315 -2.05
12
0.28 57849.00
TURMERIC 7/19/2012 Gold
4600 4676 5-Feb-13
4518 4664 30217.00
4540 -1.15
-124
-2.66 29871.00
1251
1251
1282
WHEAT
7/19/2012
1282
1246
36
2.89
Lead
28-feb-13
129.95
-0.04
129.90
Zinc
28-feb-13
113.65
0.26
113.95
Copper
28-Feb-13
442.10
-0.46
440.05
Aluminium
28-feb-13
110.00
0.45
110.50
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DAILY MCX GOLD CHART
ANALYSIS OPEN: 30200 HIGH: 30248 LOW: 29794 CLOSE: 29871
GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE
DAILY MCX SILVER CHART
b
ANALYSIS OPEN: 59051 HIGH: 59084 LOW: 57472 CLOSE: 57849
SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE
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