I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2816.04.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
Gold prices took a dramatic U-turn on Monday, reversing early gains to drop to a two-year trough after bullion futures fell on fears about central bank sales and holdings on global exchange-traded funds sank to their lowest in more than a year. A dip below the psychological $1,500 an ounce level initially sparked bargain hunting, but stoploss selling took over after oil futures slipped and as investors bet the US Federal Reserve would soon end its bullion-friendly bond buying programme. MCX Gold hit an intraday high at $1,495.16 an ounce, but then plunged to $1,427.14, its lowest since April 2011. It stood at $1,441.69 by 0335 GMT, down $36.66, and the metal has slipped around 14 per cent so far this year, after rising for the last 12 years. US futures for June delivery extended losses to fall more than 5 per cent as Tokyo gold futures tumbled around 8 per cent, marking Japanese futures biggest daily fall since September 2011. Other precious metals were also hit by heavy selling, with mcx silver falling to its lowest since November 2010, platinum at its weakest since August last year, and palladium hitting a threemonth low. Investors cut exposure to mcx gold, with total holdings at the world's major bullion goldbacked exchange-traded-funds falling to their lowest since early 2012.
Base Metals & Energy COPPER
CRUDE OIL
-
D A I L Y
B U Z Z
Crude oil futures prices today fell by 1.97 per cent to Rs 4,877 per barrel after speculators reduced exposures amid a weakening trend in the Asian trade. At the Multi Commodity Exchange, crude oil for delivery in April fell by Rs 98 or 1.97 per cent, to Rs 4,877 per barrel in 8,406 lots. Similarly, the oil for May delivery moved down by Rs 97, or 1.93 per cent, to Rs 4,921 per barrel in 7,392 lots. The trading sentiment remained weak at futures trade as crude oil prices declined in Asian trade after China's economic growth for the first quarter came in below expectations, analysts said. Meanwhile, crude oil for May delivery shed 80 cents to $ 90.49 a barrel on the New York Mercantile Exchange.
PAGE 2
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Coriander prices rose by 2.52 per cent to Rs 7,522 per quintal in futures trade today as speculators created positions, driven by pick-up in spot market demand. The sentiment further improved as a result of limited stocks position on account of restricted arrivals from major growing areas. At the National Commodity and Derivative Exchange, coriander for April delivery rose by Rs 185, or 2.52 per cent to Rs 7,522 per quintal, with an open interest of 2,060 lots. Similarly, the spice for delivery in May increased by Rs 184, or 2.47 per cent, to Rs 7,626 per quintal, with open interest of 34,760 lots. Turmeric futures hit a contract high on Monday, tracking bullish cues from the spot market where demand from buyers was good while estimates of lower output also aided the upside. The most-active turmeric contract for May delivery was 3.77 per cent higher at 7,318 rupees per 100 kg on the National Commodity and Derivatives Exchange (NCDEX) at 0931 GMT. It hit a contract high of 7,328 rupees earlier in the day.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
25634
DOWN
24178
24906
26178
26906
28178
SILVER
44378
DOWN
40576
42477
45423
47324
50270
CRUDE OIL
4844
DOWN
4700
4772
4864
4936
5028
COPPER
396.10
DOWN
379.07
387.58
395.12
403.63
411.17
NICKEL
855.00
UP
832.80
843.90
850.80
861.90
868.80
NATURAL GAS
226.90
DOWN
220.43
223.67
229.03
232.27
237.63
LEAD
110.70
DOWN
106.57
108.63
110.07
112.13
113.57
ZINC
100.80
DOWN
96.93
98.87
100.03
101.97
103.13
ALLUMINIUM
101.10
DOWN
96.97
99.03
100.12
102.18
103.27
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3713
UP
3607
3660
3705
3758
3803
SOYA BEAN
3835
DOWN
3743
3789
3862
3908
3981
JEERA
13480
DOWN
12820
13150
13595
13925
14370
PEPPER
35650
DOWN
35177
35413
35637
35873
36097
TURMERIC
7336
UP
6859
7097
7217
7455
7575
RM SEED
3578
DOWN
3551
3565
3586
3600
3621
693.02
698.43
704.22
709.63
715.42
SOYA REF OIL
703.85
UP
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