I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2807.05.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
Gold futures extended gains on Monday, helped by a weaker rupee and firm overseas markets, driving away importers seeking to stock for the upcoming festival. At 0932 GMT, the most-active gold contract for June delivery on the Multi Commodity Exchange (MCX) was 0.62 per cent up at Rs 27,130 ($500) per 10 grams. The rupee, which hit its highest level in a week, plays an important role in determining the landed cost of the dollar-quoted yellow metal. In the overseas markets, gold edged higher, with some buyers tempted back to the market after a second week of gains suggested last month's price slide to a more than two-year low has run its course for now. Silver prices moved up by 0.23 per cent to Rs 45,282 per kg in futures trading today as speculators created fresh positions, taking a positive cues from overseas markets. At the Multi Commodity Exchange, silver for delivery in July rose by Rs 105, or 0.23 per cent, to Rs 45,282 per kg in business turnover of 5,365 lots. Likewise, the white metal for delivery in September traded higher by Rs 80, or 0.17 per cent, to Rs 46,086 per kg in 133 lots.
Base Metals & Energy COPPER
CRUDE OIL
-
D A I L Y
B U Z Z
Crude oil futures prices rose by over 1 per cent to Rs 5,195 per barrel today as speculators engaged in creating positions, driven by a firming trend in Asia after strong US jobs report. At the Multi Commodity Exchange, crude oil for delivery in May gained Rs 52, or 1.01 per cent, to Rs 5,195 per barrel, with a business turnover of 33,307 lots. Likewise, the oil for June delivery also moved up by Rs 51, or 0.99 per cent, to Rs 5,223 per barrel in 3,886 lots. MCX Lead gained 0.77 per cent to Rs 110.95 per kg in futures trade today, after speculators enlarged positions amid rising domestic demand and a firming trend overseas. At the Multi Commodity Exchange, lead for delivery in June edged up by 85 paise, or 0.77 per cent, to Rs 110.95 per kg, with a business turnover of 168 lots. The metal for delivery in May also rose by 75 paise, or 0.68 per cent, to Rs 110.30 per kg in a turnover of 4,053 lots.
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Coriander prices plummeted by Rs 206 to Rs 6,488 per quintal in futures trading today as speculators reduced positions following adequate stocks in the spot market and fall in export. Marketmen said slid in export demand and mounting stocks in physical markets mainly pulled down coriander prices here in future markets. At the National Commodity and Derivatives Exchange, coriander for current May contract slipped by Rs 206, or 3.08 per cent, to Rs 6,488 per quintal, with an open interest of 6,360 lots. Near June contract plunged by Rs 209, or 3.08 per cent, at Rs 6,585 per quintal, having an open interest of 33,470 lots. Turmeric prices declined by 3.33 per cent to Rs 6,220 per quintal in futures trade today as speculators trimmed their positions, triggered by increased supplies from the new season crop in the spot markets Besides, subdued overseas demand also weighed on the turmeric prices. At the National Commodity and Derivatives Exchange, turmeric for delivery in June month fell sharply by Rs 214, or 3.33 per cent to Rs 6,220 per quintal with an open interest of 28,440 lots. Similarly, the spice for delivery in May traded Rs 194,or 3.07 per cent lower at Rs 6,120 per quintal in an open interest of 2,930 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
27096
DOWN
26883
26989
27112
27218
27341
SILVER
45168
DOWN
44511
44839
45234
45562
45957
CRUDE OIL
5196
UP
5105
5151
5186
5232
5267
COPPER
396.85
DOWN
391.92
394.38
396.82
399.28
401.72
NICKEL
818.50
DOWN
807.77
813.13
818.57
823.93
829.37
NATURAL GAS
216.80
DOWN
212.80
214.80
217.40
219.40
222.00
LEAD
110.40
DOWN
108.73
109.57
110.23
111.07
111.73
ZINC
101.30
DOWN
100.27
100.78
101.27
101.78
102.27
ALLUMINIUM
100.90
DOWN
99.83
100.37
100.83
101.37
101.83
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3371
UP
3336
3353
3386
3403
3436
SOYA BEAN
4009
DOWN
3914
3961
3989
4036
4064
UP
12619
12703
12812
12896
13004
JEERA
12787.5
PEPPER
36050
DOWN
35317
35683
35992
36358
36667
TURMERIC
6090
UP
5890
5990
6162
6262
6434
RM SEED
3384
DOWN
3359
3372
3396
3409
3433
SOYA REF OIL
718.5
UP
714.87
716.68
719.02
720.83
723.17
Country
Data/Event
USD
IBD/TIPP Economic Optimism
Previous
Forecast
Time of Release (IST) 6.30 P.M
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