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DAILY COMMODITY REPORT 20TH MARCH 2013

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ďƒ˜ HEADLINES Gold set to glitter as Cyprus Parliament rejects bailout package. Gold is set to gain further in the domestic spot and futures markets as Cyrpus Parliament struck down a proposal to tax bank account holders. The turning down of the proposal has given rise to fears of a

ďƒ˜ TRADING TIP:

Sell Zinc Mar Below 103

payment default by the tiny European nation, thus forcing investors to shift to haven instruments such as gold. A meeting of the US Fed is also keeping the market interested since it could take into account the brewing crisis in Cyprus.

TGTS-102.30/101.40 SL-103.50

Copper hits 4-month low on Cyprus concerns, demand

Buy Crude Oil Apr

Copper fell to a four-month low as the dollar rose and the euro and equities sank on investor nervousness

Above 5085

about a potential banking collapse in Cyprus. A lack of

TGTS 6010/6040

consumer China is also worrying investors, especially

SL- 5050

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demand for copper by buyers in top commodities since prices are not far off their lowest for the year.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA

7/19/2012

4556

4573

4525

4560

4532

-28

-0.61

CHILLI

7/19/2012

5060

5060

5018

5120

5018

-102

-1.99

GUR

7/19/2012

1188

1188

1178

1183.5

1178

-5.5

-0.46

JEERA

7/19/2012

14955

14960

14650

15052.5

14800

-252.5

KAPAS

7/19/2012

1044

1053

1035

1049

1041

-8

-0.76

Symbol

DAILY MARKET STATISTICS

Expiry Date

PCP

% Change

-1.68

LTP

Crude Oil PEPPER 7/19/2012

19-Apr-13 42300 42555

5056.00 42250 42390

-0.90 42435

45

5010.00 0.11

Nickel REF SOYA 7/19/2012

28-Mar-13 780.5 783.6

896.70 777.4 782.85

0.80 781.3

-1.55

904.10 -0.2

SOY BEANSilver 7/19/2012

4309 5-Mar-13 4330

4265.5 54321.00 4303

4315 0.70

12

0.28 54707.00

TURMERIC 7/19/2012 Gold

4600 4676 5-Apr-13

4518 4664 29547.00

4540 1.10

-124

-2.66 29871.00

1251

1251

1282

WHEAT

7/19/2012

1282

1246

36

2.89

Lead

28-Mar-13

117.30

0.40

117.75

Zinc

28-Mar-13

102.65

0.80

103.50

Copper

28-Mar-13

412.65

0.01

412.80

Aluminium

28-Mar-13

103.20

1.00

104.20

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 DAILY MCX GOLD CHART 

ANALYSIS OPEN: 29511 HIGH: 29889 LOW: 29481 CLOSE: 29871

GOLD LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS


 DAILY MCX SILVER CHART

ANALYSIS OPEN: 54297 HIGH: 54810 LOW: 54201 CLOSE: 54707

SILVER LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

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daily commodity report 20 march 2013