I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2806.05.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
Comex Gold jumped to two-week highs above $1,480 an ounce on Friday, heading for its second straight weekly gain, as the dollar fell ahead of US nonfarm payrolls report, scheduled for 1230 GMT. Sentiment had improved after a cut in interest rates by the European Central Bank and the US Federal Reserve's decision to stick to its stimulus programme. Spot gold rose as much as 1.5 per cent to its highest level since April 15 at $1,485.86 an ounce. It stood at $1,485.74 by 1029 GMT, still up 1.3 per cent. The metal broke strong chart resistance at $1,480, which may trigger further short-term strength, traders said. US gold for June delivery rose to a session high of $1,487.20 an ounce and was then at $1,485.90, up 1.3 per cent. "Gold gained some strength after the central banks' meetings and is now benefiting from the weaker dollar," Danske Bank analyst Christin Tuxen said. "A lower-than expected nonfarm payrolls reading may lead to speculation that the Fed may have the exit from QE postponed further into the future, and that should be also a positive for gold because it means that there is going to be a lot more liquidity around and maybe some more dollar weakness."
Base Metals & Energy COPPER
CRUDE OIL
-
D A I L Y
B U Z Z
Supported by a firming trend overseas and domestic demand, aluminium futures prices on Friday recovered by 1.37 per cent to Rs 99.70 per kg as speculators created positions. At the Multi Commodity Exchange, aluminium for delivery in June edged higher by Rs 1.35, or 1.37 per cent, to Rs 99.70 per kg in business turnover of 83 lots. Similarly, the metal for delivery in May traded higher by Rs 1.30, or 1.34 per cent, to Rs 98.60 per kg in 1,012 lots. Crude Oil prices took a breather in Asian trade today as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates. New York's main contract, light sweet crude for delivery in June, dropped 17 cents to $93.82 a barrel and Brent North Sea crude for June delivery shed 16 cents to $102.69. Prices surged nearly $3.0 in closing deals Thursday after the ECB slashed interest rates to a record low of 0.50 per cent, with upbeat US economic data also boosting sentiment.
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Chana prices rose by 1.19 per cent to Rs 3,473 per quintal in futures trade on Thursday as the traders enlarged their holdings on some lower-level demand in spot markets on pick-up in demand. Rise in supplies from the new season crop and expectations of higher output limited the gains. At the National Commodity and Derivatives Exchange, chana for May delivery rose by Rs 41, or 1.19 per cent, to Rs 3,473 per quintal, with an open interest of 78,630 lots. Similarly, chana for delivery in June higher by Rs 39, or 1.11 per cent, to Rs 3,547 per quintal, with an open interest of 91,320 lots. Coriander prices fell by Rs 106 to Rs 6,771 per quintal in futures trade today on subdued spot market demand against excess supplies. The falling trend further supported by profit booking by the traders at higher levels. At the Multi Commodity Exchange, coriander for delivery in May fell by Rs 106, or 1.54 per cent, to Rs 6,771 per quintal with an open interest of 18,220 lots. The spice of May delivery declined by Rs 101, or 1.45 per cent, to Rs 6,880 per quintal, with open interest of 22,850 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
26961
DOWN
26828
26895
26932
26999
27036
SILVER
44924
DOWN
44749
44837
44989
45077
45229
CRUDE OIL
5145
UP
5127
5136
5144
5153
5161
COPPER
394.25
DOWN
391.95
393.10
395.15
396.30
398.35
NICKEL
813.60
DOWN
810.67
812.13
814.47
815.93
818.27
NATURAL GAS
217.90
DOWN
205.43
211.67
223.33
229.57
241.23
LEAD
109.45
DOWN
108.42
108.93
109.82
110.33
111.22
ZINC
100.75
DOWN
100.22
100.48
100.92
101.18
101.62
ALLUMINIUM
102.95
DOWN
102.82
102.88
102.92
102.98
103.02
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3420
UP
3389
3405
3427
3443
3465
SOYA BEAN
3967
DOWN
3918
3943
3979
4003
4039
JEERA
12865
UP
12738
12802
12901
12964
13063
PEPPER
35800
DOWN
35180
35490
35825
36135
36470
TURMERIC
6314
UP
6206
6260
6320
6374
6434
RM SEED
3416
DOWN
3397
3406
3421
3430
3445
SOYA REF OIL
719.1
UP
714.37
716.73
720.37
722.73
726.37
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