I Prateekj16 18july

RESEARCH VIA

DAILY COMMODITY REPORT

2806.05.2013

Precious Metals
G

SILVER

GOLD

Comex Gold jumped to two-week highs above $1,480 an ounce on Friday, heading for its second straight weekly gain, as the dollar fell ahead of US nonfarm payrolls report, scheduled for 1230 GMT. Sentiment had improved after a cut in interest rates by the European Central Bank and the US Federal Reserve's decision to stick to its stimulus programme. Spot gold rose as much as 1.5 per cent to its highest level since April 15 at $1,485.86 an ounce. It stood at $1,485.74 by 1029 GMT, still up 1.3 per cent. The metal broke strong chart resistance at $1,480, which may trigger further short-term strength, traders said. US gold for June delivery rose to a session high of $1,487.20 an ounce and was then at $1,485.90, up 1.3 per cent. "Gold gained some strength after the central banks' meetings and is now benefiting from the weaker dollar," Danske Bank analyst Christin Tuxen said. "A lower-than expected nonfarm payrolls reading may lead to speculation that the Fed may have the exit from QE postponed further into the future, and that should be also a positive for gold because it means that there is going to be a lot more liquidity around and maybe some more dollar weakness."

D A I L Y

B U Z Z

Base Metals & Energy

-

COPPER

CRUDE OIL

D A I L Y

B U Z Z

Supported by a firming trend overseas and domestic demand, aluminium futures prices on Friday recovered by 1.37 per cent to Rs 99.70 per kg as speculators created positions. At the Multi Commodity Exchange, aluminium for delivery in June edged higher by Rs 1.35, or 1.37 per cent, to Rs 99.70 per kg in business turnover of 83 lots. Similarly, the metal for delivery in May traded higher by Rs 1.30, or 1.34 per cent, to Rs 98.60 per kg in 1,012 lots.
Crude Oil prices took a breather in Asian trade today as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates. New York's main contract, light sweet crude for delivery in June, dropped 17 cents to $93.82 a barrel and Brent North Sea crude for June delivery shed 16 cents to $102.69. Prices surged nearly $3.0 in closing deals Thursday after the ECB slashed interest rates to a record low of 0.50 per cent, with upbeat US economic data also boosting sentiment.

Agro Outlook
CHANA DHANIYA

DHANIYA

D A I L Y

B U Z Z

Chana prices rose by 1.19 per cent to Rs 3,473 per quintal in futures trade on Thursday as the traders enlarged their holdings on some lower-level demand in spot markets on pick-up in demand. Rise in supplies from the new season crop and expectations of higher output limited the gains. At the National Commodity and Derivatives Exchange , chana for May delivery rose by Rs 41, or 1.19 per cent, to Rs 3,473 per quintal, with an open interest of 78,630 lots. Similarly, chana for delivery in June higher by Rs 39, or 1.11 per cent, to Rs 3,547 per quintal, with an open interest of 91,320 lots.
Coriander prices fell by Rs 106 to Rs 6,771 per quintal in futures trade today on subdued spot market demand against excess supplies. The falling trend further supported by profit booking by the traders at higher levels. At the Multi Commodity Exchange, coriander for delivery in May fell by Rs 106, or 1.54 per cent, to Rs 6,771 per quintal with an open interest of 18,220 lots. The spice of May delivery declined by Rs 101, or 1.45 per cent, to Rs 6,880 per quintal, with open interest of 22,850 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

26961 44924 5145 394.25 813.60 217.90 109.45 100.75 102.95

CLOSING PRICE

DOWN DOWN UP DOWN DOWN DOWN DOWN DOWN DOWN

TREND

26828 44749 5127 391.95 810.67 205.43 108.42 100.22 102.82

S2

26895 44837 5136 393.10 812.13 211.67 108.93 100.48 102.88

S1

26932 44989 5144 395.15 814.47 223.33 109.82 100.92 102.92

PIVOT POINT

26999 45077 5153 396.30 815.93 229.57 110.33 101.18 102.98

R1

27036 45229 5161 398.35 818.27 241.23 111.22 101.62 103.02

R2

CHANA SOYA BEAN JEERA PEPPER TURMERIC RM SEED SOYA REF OIL

3420 3967 12865 35800 6314 3416 719.1

UP DOWN UP DOWN UP DOWN UP

3389 3918 12738 35180 6206 3397 714.37

3405 3943 12802 35490 6260 3406 716.73

3427 3979 12901 35825 6320 3421 720.37

3443 4003 12964 36135 6374 3430 722.73

3465 4039 13063 36470 6434 3445 726.37

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