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Commodity report daily

  1. 1. I Prateekj16 18july DAILY COMMODITY REPORT 2808.07.2013 RESEARCH VIA
  2. 2. S I L V E R G G O L D D A I L Y B U Z Z Precious Metals Gold futures prices today fell by 0.30 per cent to Rs 26,064 per 10 grams as speculators offloaded their positions in tandem with a weak global trend. At the Multi Commodity Exchange, gold prices for delivery in August fell by Rs 79, or 0.30 per cent, to Rs 26,064 per 10 grams in business turnover of 1,660 lots. Similarly, metal prices for delivery in October declined by Rs 67, or 0.26 per cent, to Rs 26,174 per ten grams in 56 lots. Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas ahead of US jobs data that may add to signs of improving economy, fuelling speculation that the Federal Reserve will scale back monetary stimulus. Besides, strengthening dollar also putting pressure on gold prices, they said. Meanwhile, gold prices fell 0.6 per cent to $1,242.50 an ounce in Singapore.
  3. 3. -C O P P E R C R U D E O I L Base Metals & Energy D A I L Y B U Z Z Taking weak cues from global markets, aluminium prices fell 0.51 per cent to Rs 107.25 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in July declined by 55 paise, or 0.51 per cent, to Rs 107.25 per kg in business turnover of 201 lots. Similarly, the metal for delivery in August traded lower by 50 paise, or 0.46 per cent, to Rs 108.70 per kg in seven lots. Zinc futures prices today fell 0.62 per cent to Rs 111.50 per kg as speculators reduced positions, amid sluggish domestic demand and weak global trend. At the Multi Commodity Exchange, zinc prices for delivery in July declined by 70 paise, or 0.62 per cent, to Rs 112.20 per kg in business turnover of 530 lots. Likewise, the metal prices for delivery in August traded lower by 65 paise, or 0.57 per cent, to Rs 113.50 per kg in 267 lots. PAGE 1
  4. 4. CHANA DHANIYA DHANIYA Agro Outlook D A I L Y B U Z Z Mentha oil prices fell by Rs 7.30 to Rs 948 per kg in futures trade today as speculators locked in gains at prevailing levels amid slackened spot demand. At the Multi Commodity Exchange, mentha oil prices for delivery in July declined by Rs 7.30, or 0.76 per cent, to Rs 948 per kg in business turnover of 632 lots. Likewise, the oil prices for delivery in August contract traded lower by Rs 6.90, or 0.71 per cent, to Rs 961.90 per kg in 98 lots. Continued its losing streak, chana prices fell further by Rs 34 to Rs 3,063 per quintal in futures trading today as speculators engaged in trimming positions, driven by higher supplies from producing regions. Besides, subdued demand in the spot market also put pressure. At the National Commodity and Derivative Exchange ( NCDEX), chana for delivery in July month fell further by Rs 34, or 1.10 per cent to Rs 3,063 per quintal with an open interest of 1,17,940 lots. Similarly, the commodity for delivery in August contract lost Rs 31, or 0.31 per cent to Rs 3,138 per quintal in 1,17,650 lots.
  5. 5. COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2 GOLD 26041 UP 25783 25912 25979 26108 26175 SILVER 40285 UP 39948 40117 40228 40397 40508 CRUDE OIL 6363 UP 6241 6302 6371 6432 6501 COPPER 417.60 UP 415.13 416.37 417.28 418.52 419.43 NICKEL 818.90 UP 813.30 816.10 817.80 820.60 822.30 NATURAL GAS 221.90 UP 220.50 221.20 221.60 222.30 222.70 LEAD 125.25 UP 122.72 123.98 125.17 126.43 127.62 ZINC 112.10 UP 110.57 111.33 112.37 113.13 114.17 ALLUMINIUM 107.50 UP 106.13 106.82 107.53 108.22 108.93 COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2 CHANA 3068 UP 3018 3043 3061 3086 3104 JEERA 13530 DOWN 13377 13453 13517 13593 13657 RM SEED 3482 UP 3431 3456 3476 3501 3521 SOYA REF OIL 683.65 UP 677 681 684 687 690 SOYBEAN 3154 UP 3126 3140 3159 3173 3191 TURMERIC 5820 UP 5717 5769 5813 5865 5909 M E T A L S & E N E R G Y Market Statistics
  6. 6. Country Data/Event Previous Forecast Time of Release (IST) EUR ECB President Draghi Speaks 6.00 P.M EUR Eurogroup Meetings ALL DAY Disclaimer: All data and reports at Research Via are only information services for subscribers and are not individualized recommendations to buy or sell securities, nor offers to buy or sell securities. Under any circumstances the subscription amount paid to Research Via are not refundable. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained 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 for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. This Website is for information purposes only. The information contained on this should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for the units of the schemes of Research Via. Research Via is neither responsible nor liable for third party content provided or content from any other aspect of any other Website, which may be accessed from this Website. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the site. Although Research Via attempts to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform Research Via so that it can be corrected. Research Via and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research Via is not responsible for any technical failure or malfunction 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 of any of the linked sites. By providing access to other web-sites, Research Via is neither recommending nor endorsing the content available in the linked websites.