I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2813.05.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
MCX Gold dropped 2.5 percent to a two-week low on Friday, on track for its biggest one-day drop since mid-April, as a breach of key chart levels prompted heavy selling of U.S. futures, already pressured by a stronger dollar. Traders said sell stops - automatic sale orders placed by traders at pre-set levels to limit losses were triggered as the metal broke support at $1,445 and $1,440 an ounce, prompting a sharp move down to session lows at $1,428.40 an ounce. Spot gold fell as low as $1,420.60 an ounce and was down 2.4 percent at $1,422.75 an ounce at 1435 GMT, while U.S. gold futures for June delivery were down 3.2 percent at $1,422. The metal plunged to $1,321.35 an ounce on April 16, its lowest in more than two years, after similar stop-sell orders below $1,525 triggered heavy liquidation. The dollar hit a 4-1/2 year high against the yen and was also at a two-week low against a basket of currencies. In other markets, European shares hit five-year highs and U.S. crude fell 2.4 percent. Rising optimism over the U.S. recovery has also boosted the appeal of assets like stocks at gold's expense, and has called into question the scope of the Federal Reserve's quantitative easing programme, a major support to bullion in recent years.
Base Metals & Energy COPPER
-
PAGE 1
D A I L Y
CRUDE OIL
B U Z Z
Crude oil futures prices rose by 0.40 per cent to Rs 5,229 per barrel today as speculators created fresh positions amid a firm trend in Asia. At the Multi Commodity Exchange, crude oil for delivery in May gained Rs 21, or 0.40 per cent, to Rs 5,229 per barrel, with a business turnover of 12,394 lots. The oil for the June delivery moved up by Rs 19, or 0.36 per cent, to Rs 5,257 per barrel, with a business volume of 1,721 lots. Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia as a surprise rise in German industrial production brightened the market's outlook for European and global growth. Meanwhile, crude oil for the June delivery advanced by five cents to $ 96.97 a barrel on the New York Mercantile Exchange.
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Cardamom prices edged higher 0.65 per cent to Rs 792.70 per kg in futures trading today as speculators enlarged positions, supported by rising demand in the spot market against tight supplies from producing belts. At the Multi Commodity Exchange, cardamom for delivery in June gained Rs 5.10, or 0.65 per cent, to Rs 792.70 per kg in business turnover of 190 lots. Similarly, the spice for delivery in May contracts edged up by Rs 2.10, or 0.28 per cent, to Rs 765.70 per kg in 173 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
26987
UP
26836
26912
26963
27039
27090
SILVER
45230
UP
45117
45173
45273
45329
45429
CRUDE OIL
5249
UP
5166
5208
5246
5288
5326
COPPER
410.65
UP
408.22
409.43
410.22
411.43
412.22
NICKEL
850.70
UP
845.77
848.23
849.47
851.93
853.17
NATURAL GAS
214.00
DOWN
213.07
213.53
214.07
214.53
215.07
LEAD
110.15
UP
109.25
109.70
110.05
110.50
110.85
ZINC
101.95
UP
101.58
101.77
101.88
102.07
102.18
ALLUMINIUM
102.50
UP
102.03
102.27
102.38
102.62
102.73
COMMODITY
CHANA JEERA
CLOSING PRICE
3380 13062.5
TREND
S2
S1
PIVOT POINT
R1
R2
UP
3335
3357
3398
3420
3461
DOWN
12774
12918
12994
13138
13214
RM SEED
3511
UP
3426
3469
3491
3534
3556
PEPPER
36390
DOWN
36263
36327
36363
36427
36463
SOYA REF OIL
695.5
UP
686.57
691.03
693.47
697.93
700.37
SOYBEAN
3900
DOWN
3825
3863
3881
3919
3937
TURMERIC
5846
UP
5650
5748
5880
5978
6110
Country
Data/Event
Previous
Forecast
Time of Release (IST)
USD
Core Retail Sales m/m
-0.4%
-0.1%
6.00 P.M
USD
Retail Sales m/m
-0.4%
-0.3%
6.00 P.M
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