Gold prices swung between small gains and losses in holiday-thinned trade on Monday, as traders continued to monitor the direction of the U.S. dollar and mull the timing of a Federal Reserve rate hike. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery tacked on $1.20, or 0.1%, to trade at $1,206.10 a troy ounce during U.S. morning hours. Futures held in a tight range between $1,203.30 and $1,206.90. Trading volumes were expected to remain thin with markets in the U.K., Germany and the U.S. closed for holidays. Futures were likely to find support at $1,191.50, the low from May 13, and resistance at $1,225.50, the high from May 19.

1. COMMODITY SUMMARY 26.05.15
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Market Highlight
Gold prices swung between small gains and
losses in holiday-thinned trade on Monday,
as traders continued to monitor the direction
of the U.S. dollar and mull the timing of a
Federal Reserve rate hike.
On the Comex division of the New York
Mercantile Exchange, gold futures for
August delivery tacked on $1.20, or 0.1%, to
trade at $1,206.10 a troy ounce during U.S.
morning hours. Futures held in a tight range
between $1,203.30 and $1,206.90.
Trading volumes were expected to remain
thin with markets in the U.K., Germany and
the U.S. closed for holidays.
Futures were likely to find support at
$1,191.50, the low from May 13, and
resistance at $1,225.50, the high from May
19.
Crude oil futures were lower during the
Asian session on Tuesday.
On the New York Mercantile Exchange,
Crude oil futures for July delivery traded at
USD59.81 a barrel at time of writing down
0.16%.
Earlier, it traded at a session low USD59.72
a barrel. Crude oil was likely to find support
at USD58.69 and resistance at USD60.94.
US Dollar Index, which tracks the
performance of the greenback versus a
basket of six other major currencies, rose
0.26% to trade at USD96.71.
Natural gas futures were lower during
European trade on Friday.
On the New York Mercantile Exchange,
Natural gas futures for June delivery traded
at USD2.958 per million British thermal units
at time of writing down 0.32%.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 27046 27104 27139 27197 27232
GOLD MINI 27063 27122 27159 27218 27255
SILVER 38593 38867 39033 39307 39473
SILVER MINI 38716 38931 39076 39291 39436
COPPER 392.8 396.3 398.3 401.8 403.8
NICKEL 803.10 808.0 811.5 816.4 819.9
LEAD 122.1 122.5 122.9 123.3 123.7
ZINC 136.9 137.42 137.9 138.4 138.8
ALUMINIUM 109.5 109.90 110.3 110.7 111.0
N. GAS 175.1 177.4 180.5 182.8 185.9
CRUDE OIL 3741 3785 3817 3861 3893
MENTHAOIL 859.4 888.0 903.1 931.7 946.8
CPO 443.6 446.7 448.7 451.8 453.8
CARDAMOM 809.1 823.1 831.1 845.1 853.1
COTTON 15456.7 15703.3 15856.7 16103.3 16256.7
MCX MARGIN
Commodity
Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Jun-2015 5.00 2708200.00 135410.00
GOLDM 05-Jun-2015 5.00 271050.00 13552.50
SILVER 03-Jul-2015 5.05 1167840.00 58954.15
SILVERM 30-Jun-2015 5.05 194760.00 9831.75
COPPER 30-Jun-2015 5.00 396500.00 19825.00
NICKEL 29-May-2015 7.16 202625.00 14500.38
LEAD 29-May-2015 5.99 615500.00 36849.49
ZINC 29-May-2015 5.00 690000.00 34500.00
ALUMINIUM 29-May-2015 5.00 551500.00 27575.00
NATURALGAS 26-May-2015 7.49 230625.00 17276.88
CRUDEOIL 19-Jun-2015 7.01 381300.00 26739.49
MENTHAOIL 29-May-2015 7.11 317844.00 22594.40
CPO 29-May-2015 5.00 447700.00 22385.00
CARDAMOM 15-Jun-2015 6.60 81690.00 5387.59
COTTON 29-May-2015 5.00 394000.00 19700.00