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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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