Page 1

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

Disclaimer: All data and reports at Research Via are only information services for subscribers and are not individualized recommendations to buy or sell securities, nor offers to buy or sell securities. Under any circumstances the subscription amount paid to Research Via are not refundable. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. This Website is for information purposes only. The information contained on this should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for the units of the schemes of Research Via. Research Via is neither responsible nor liable for third party content provided or content from any other aspect of any other Website, which may be accessed from this Website. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the site. Although Research Via attempts to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform Research Via so that it can be corrected. Research Via and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research Via is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for nonreceipt of registration details or e-mails. Research Via is not responsible for the content of any of the linked sites. By providing access to other web-sites, Research Via is neither recommending nor endorsing the content available in the linked websites.

MCX Commodity Updates, Commodity Tips, NCDEX Tips  

Get MCX Commodity Tips, Commodity Updates, Commodity Tips, Copper updates, crude updates, MCX Live Tips, MCX Commodity data, Free MCX Tips

Read more
Read more
Similar to
Popular now
Just for you