I Prateekj16 18july

RESEARCH VIA

DAILY COMMODITY REPORT

2807.05.2013

Precious Metals
G

SILVER

GOLD

Gold futures extended gains on Monday, helped by a weaker rupee and firm overseas markets, driving away importers seeking to stock for the upcoming festival. At 0932 GMT, the most-active gold contract for June delivery on the Multi Commodity Exchange (MCX) was 0.62 per cent up at Rs 27,130 ($500) per 10 grams. The rupee, which hit its highest level in a week, plays an important role in determining the landed cost of the dollar-quoted yellow metal. In the overseas markets, gold edged higher, with some buyers tempted back to the market after a second week of gains suggested last month's price slide to a more than two-year low has run its course for now.
Silver prices moved up by 0.23 per cent to Rs 45,282 per kg in futures trading today as speculators created fresh positions, taking a positive cues from overseas markets. At the Multi Commodity Exchange, silver for delivery in July rose by Rs 105, or 0.23 per cent, to Rs 45,282 per kg in business turnover of 5,365 lots. Likewise, the white metal for delivery in September traded higher by Rs 80, or 0.17 per cent, to Rs 46,086 per kg in 133 lots.

D A I L Y

B U Z Z

Base Metals & Energy

-

COPPER

CRUDE OIL

D A I L Y

B U Z Z

Crude oil futures prices rose by over 1 per cent to Rs 5,195 per barrel today as speculators engaged in creating positions, driven by a firming trend in Asia after strong US jobs report. At the Multi Commodity Exchange, crude oil for delivery in May gained Rs 52, or 1.01 per cent, to Rs 5,195 per barrel, with a business turnover of 33,307 lots. Likewise, the oil for June delivery also moved up by Rs 51, or 0.99 per cent, to Rs 5,223 per barrel in 3,886 lots.
MCX Lead gained 0.77 per cent to Rs 110.95 per kg in futures trade today, after speculators enlarged positions amid rising domestic demand and a firming trend overseas. At the Multi Commodity Exchange, lead for delivery in June edged up by 85 paise, or 0.77 per cent, to Rs 110.95 per kg, with a business turnover of 168 lots. The metal for delivery in May also rose by 75 paise, or 0.68 per cent, to Rs 110.30 per kg in a turnover of 4,053 lots.

Agro Outlook
CHANA DHANIYA

DHANIYA

D A I L Y

B U Z Z

Coriander prices plummeted by Rs 206 to Rs 6,488 per quintal in futures trading today as speculators reduced positions following adequate stocks in the spot market and fall in export. Marketmen said slid in export demand and mounting stocks in physical markets mainly pulled down coriander prices here in future markets. At the National Commodity and Derivatives Exchange , coriander for current May contract slipped by Rs 206, or 3.08 per cent, to Rs 6,488 per quintal, with an open interest of 6,360 lots. Near June contract plunged by Rs 209, or 3.08 per cent, at Rs 6,585 per quintal, having an open interest of 33,470 lots.
Turmeric prices declined by 3.33 per cent to Rs 6,220 per quintal in futures trade today as speculators trimmed their positions, triggered by increased supplies from the new season crop in the spot markets Besides, subdued overseas demand also weighed on the turmeric prices. At the National Commodity and Derivatives Exchange, turmeric for delivery in June month fell sharply by Rs 214, or 3.33 per cent to Rs 6,220 per quintal with an open interest of 28,440 lots. Similarly, the spice for delivery in May traded Rs 194,or 3.07 per cent lower at Rs 6,120 per quintal in an open interest of 2,930 lots.

Market Statistics
M ETALS & ENERGY
COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2

GOLD SILVER CRUDE OIL COPPER NICKEL NATURAL GAS LEAD ZINC ALLUMINIUM
COMMODITY

27096 45168 5196 396.85 818.50 216.80 110.40 101.30 100.90

DOWN DOWN UP DOWN DOWN DOWN DOWN DOWN DOWN

26883 44511 5105 391.92 807.77 212.80 108.73 100.27 99.83

26989 44839 5151 394.38 813.13 214.80 109.57 100.78 100.37

27112 45234 5186 396.82 818.57 217.40 110.23 101.27 100.83

27218 45562 5232 399.28 823.93 219.40 111.07 101.78 101.37

27341 45957 5267 401.72 829.37 222.00 111.73 102.27 101.83

CLOSING PRICE

TREND

S2

S1

PIVOT POINT

R1

R2

CHANA SOYA BEAN JEERA PEPPER TURMERIC RM SEED SOYA REF OIL

3371 4009 12787.5 36050 6090 3384 718.5

UP DOWN UP DOWN UP DOWN UP

3336 3914 12619 35317 5890 3359 714.87

3353 3961 12703 35683 5990 3372 716.68

3386 3989 12812 35992 6162 3396 719.02

3403 4036 12896 36358 6262 3409 720.83

3436 4064 13004 36667 6434 3433 723.17

Country
USD

Data/Event
IBD/TIPP Economic Optimism

Previous

Forecast

Time of Release (IST)

6.30 P.M

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