I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2823.05.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
Tracking a firm global trend, gold prices rose by Rs 213, or 0.81 per cent, to Rs 26,456 per ten grams in futures trade today as speculators enlarged their positions. At the Multi Commodity Exchange, gold for delivery in August rose by Rs 213, or 0.81 per cent to Rs 26,456 per ten grams in business turnover of 1,722 lots. In a similar fashion, the yellow metal for delivery in June moved up by Rs 146, or 0.56 per cent to Rs 26,256 per ten grams in 11,448 lots. Market analysts attributed the rise in gold futures to a firm global trend amid speculation that the US Federal Reserve may hint at the need for sustained stimulus in the world's largest economy, countering further outflows in investor holdings. Meanwhile, gold rose 0.9 per cent to USD 1,389.26 an ounce in Singapore.
PAGE 1
Base Metals & Energy COPPER
CRUDE OIL
-
D A I L Y
B U Z Z
Crude Oil was down in Asia on Wednesday as traders waited for the release of the latest energy inventory report from the United States, analysts said. Weak demand and surging crude stockpiles in the world's biggest economy have put downward pressure on prices and limited gains. New York's main contract, West Texas Intermediate light sweet crude for delivery in July, dropped 48 cents to $95.70 a barrel in the afternoon and Brent North Sea crude for July delivery shed 34 cents to $103.57. The latest energy inventory report will be released later Wednesday from the United States, where stockpiles have outpaced demand. An increase in inventory stocks indicates softer demand and normally leads to lower oil prices. Dealers are also waiting for testimony in Congress later Wednesday by Federal Reserve chief Ben Bernanke on the US economy. Global markets will closely watch Bernanke's statements for an indication on when the Fed will start winding down its massive bond-buying programme to boost the economy.
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Cardamom prices rose for the third day by gaining Rs 5.60 to Rs 785 per kg in futures trade today as speculators enlarged their positions, tracking a firm trend at spot market. At the Multi Commodity Exchange, cardamom for delivery in July month rose by Rs 5.60, or 0.72 per cent to Rs 785 per kg in business turnover of 435 lots. The spice for delivery in June contract traded higher by Rs 4.60, or 0.61 per cent to Rs 761.30 per kg in 407 lots. Coriander prices fell by 3 per cent to Rs 6,566 per quintal in futures trading today as speculators trimmed their positions, driven by a weak demand in the spot market against increased supplies. At the Multi Commodity Exchange, coriander for delivery in May dropped by Rs 203, or 3 per cent to Rs 6,566 per quintal with an open interest of 540 lots. The June contract of the spice lost Rs 76 to trade at Rs 6,813 per quintal in 25,650 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
25963
DOWN
25963
25684
26181
26459
26956
SILVER
43226
DOWN
42037
42631
43616
44210
45195
CRUDE OIL
5297
DOWN
5216
5256
5307
5347
5398
COPPER
416.85
UP
405.98
411.42
415.93
421.37
425.88
NICKEL
233.40
UP
228.60
231.00
233.20
235.60
237.80
NATURAL GAS
232.70
DOWN
221.43
227.07
230.13
235.77
238.83
LEAD
114.35
UP
111.92
113.13
113.87
115.08
115.82
ZINC
103.25
UP
100.62
101.93
102.67
103.98
104.72
ALLUMINIUM
103.35
UP
101.12
102.23
102.87
103.98
104.62
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3381
UP
3326
3353
3388
3415
3450
JEERA
13205
DOWN
12983
13094
13266
13377
13548
RM SEED
3512
UP
3478
3495
3522
3539
3566
SOYA REF OIL
701.4
UP
696
699
703
706
710
SOYBEAN
3841.5
DOWN
3741
3791
3866
3917
3992
TURMERIC
6022
UP
5805
5913
6057
6165
6309
Country
Data/Event
Previous
Forecast
Time of Release (IST)
GBP
Second Estimate GDP q/q
0.3%
0.3%
2.00 P.M
USD
Unemployment Claims
360K
347K
6.00 P.M
USD
New Home Sales
417K
429K
6.00 P.M
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