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Commodity report daily 10 june 2013


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MCX Commodity Updates, MCX Commodity Tips, Commodity Updates, Copper Updates, MCX Gold Tips, MCX Market Data, Bullion Tips, Crude Updates

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Commodity report daily 10 june 2013

  1. 1. IPrateekj1618julyDAILY COMMODITY REPORT2810.06.2013RESEARCH VIA
  2. 2. S I L V E RGG O L DD A I L Y B U Z ZPrecious MetalsMCX Gold fell around 2 percent on Friday, its biggest one-day drop in over three weeks, asfunds dumped bullion after resilient US jobs data suggested the Federal Reserve could begin toscale back its monetary stimulus later this year.The metal posted its first weekly drop in two weeks after Fridays selloff more than erased gainsearlier this week. A sharp dollar drop and strong physical demand had lifted gold above $1,400an ounce for most of this week. For the week, bullion eased 0.3 percent.The United States added 175,000 jobs last month after adding just 149,000 in April, reducinghopes of prolonged stimulus, and that weighed down on golds inflation-hedge appeal.Spot gold was down 2.1 percent at $1,383.96 an ounce by 2:28 p.m. EDT (1828 GMT), havinghit a low of $1,377.29, the lowest since May 28.U.S. Comex gold futures for August delivery settled down $32.80 an ounce at $1,383.00.The nonfarm payrolls report also showed that U.S. unemployment rate ticked a tenth of a pointhigher to 7.6 percent, but only because more Americans began to hunt for jobsDespite the sharp pullback in prices, trading volume was about 15 percent below its 30-dayaverage, preliminary Reuters data showed.
  3. 3. -C O P P E RC R U D E O I LBase Metals & EnergyD A I L Y B U Z ZPAGE 2Amid profit-booking by speculators and sluggish subdued demand, zinc futures prices todayedged lower by 0.23 per cent to Rs 109.80 per kg.However, metals gain at the London Metal Exchange, limited the fall.At the Multi Commodity Exchange, zinc for delivery in July shed 25 paise, or 0.23 per cent,to Rs 109.80 per kg, with a business turnover of 55 lots.The metal for delivery in June shed 20 paise, or 0.18 per cent, to Rs 108.75 per kg, with abusiness turnover of 1,455 lots.Lead prices fell by 0.327 per cent to Rs 125.30 per kg in futures trade today as speculators reducedexposures on subdued spot demand and a weak trend overseas.At the Multi Commodity Exchange, lead for delivery in June fell by 40 paise, or 0.32 per cent, to Rs124.60 per kg in a business turnover of 2,621 lots.The metal for delivery in July also fell by a similar margin to Rs 125.30 per kg in with a business volumeof 157 lots.
  4. 4. CHANA DHANIYADHANIYAAgro OutlookD A I L Y B U Z ZCardamom prices rose by 1.89 per cent to Rs 703 per kg in futures trade today as speculatorscreated fresh positions amid low stocks.Besides, restricted arrivals from producing regions also supported the rise in prices, traders said.On the Multi Commodity Exchange, Cardamom for delivery in June rose by Rs 13.10, or 1.89per cent, to Rs 703 per kg, with a business volume of 1,086 lots.The spice for July delivery rose by Rs 5.80, or 0.80 per cent, to Rs 726 per kg, with a businessvolume of 841 lots.
  5. 5. COMMODITY CLOSING PRICE TREND S2 S1PIVOTPOINTR1 R2GOLD27586 DOWN 27509 27548 27570 27609 27631SILVER43014 DOWN 42775 42894 42960 43079 43145CRUDE OIL5514 UP 5486 5500 5517 5531 5548COPPER413.40 DOWN 411.63 412.52 413.68 414.57 415.73NICKEL863.30 UP 858.57 860.93 863.07 865.43 867.57NATURAL GAS220.20 DOWN 218.80 219.50 219.90 220.60 221.00LEAD123.70 UP 123.27 123.48 123.77 123.98 124.27ZINC108.95 UP 107.75 108.35 109.30 109.90 110.85ALLUMINIUM109.45 UP 109.18 109.32 109.48 109.62 109.78COMMODITY CLOSING PRICE TREND S2 S1 PIVOTPOINTR1 R2CHANA 3218 UP 3183 3201 3220 3238 3257JEERA 13330 DOWN 13215 13273 13335 13393 13455RM SEED 3541 UP 3525 3533 3545 3553 3565SOYA REF OIL 689.8 UP 686 688 690 692 694SOYBEAN 3767 DOWN 3708 3737 3765 3795 3823TURMERIC 5610 UP 5493 5551 5613 5671 5733M E T A L S & E N E R G YMarket Statistics
  6. 6. Country Data/Event Previous Forecast Time of Release (IST)GBPManufacturing Productionm/m 1.1% 0.0% 2.00 P.MEURGerman Constitutional CourtRulingDisclaimer:All data and reports at Research Via are only information services for subscribers and arenot individualized recommendations to buy or sell securities, nor offers to buy or sellsecurities. Under any circumstances the subscription amount paid to Research Via are notrefundable. Investment in equity shares, futures, options and commodities has its own risks.Sincere efforts have been made to present the right investment perspective. The informationcontained 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 forpersonal information and we are not responsible for any loss incurred due to it & take noresponsibility whatsoever for any financial profits or loss which may arise from therecommendations above.This Website is for information purposes only. The information contained on this shouldnot be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation forthe units of the schemes of Research Via. Research Via is neither responsible nor liable forthird party content provided or content from any other aspect of any other Website, whichmay be accessed from this Website. A possibility exists that the site could includeinaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletionsor alterations could be made by third parties to the site. Although Research Via attemptsto ensure the integrity, correctness and authenticity of the site, it makes no guaranteeswhatsoever as to its completeness, correctness or accuracy. In the event, that such aninaccuracy arises, please inform Research Via so that it can be corrected.Research Via and its owners/affiliates are not liable for damages caused by anyperformance, failure of performance, error, omission, interruption, deletion, defect, delay intransmission or operations, computer virus, communications line failure, and unauthorizedaccess to the personal accounts. Research Via is not responsible for any technical failure ormalfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails. Research Via is not responsible for the content ofany of the linked sites. By providing access to other web-sites, Research Via is neitherrecommending nor endorsing the content available in the linked websites.