Commodity report daily 29 may 2013


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Commodity report daily 29 may 2013

  1. 1. IPrateekj1618julyDAILY COMMODITY REPORT2829.05.2013RESEARCH VIA
  2. 2. S I L V E RGG O L DD A I L Y B U Z ZPrecious MetalsBoth the precious metals, gold and silver fell in the national capital Tuesday on stockistsselling at existing higher levels, driven by a weak global trend.While gold tumbled by Rs 465 to Rs 26,950 per ten grams, silver shed by Rs 880 to Rs 44,000per kg on reduced offtake.Sentiment turned bearish after gold declined in global markets,boosting the case for reduced stimulus.Gold in Singapore, which normally set price trend on the domestic front, fell by 0.6 percent toUSD 1,386.22 an ounce and silver by 0.7 percent to USD 22.48 an ounce in Singapore.In addition, sluggish demand at prevailing higher levels and rising equities lured investors topark their funds in stock markets, which had negative impact on the precious metals.On the domestic front, gold of 99.9 and 99.5 percent purity tumbled by Rs 465 each to Rs26,950 and Rs 26,750 per ten grams, respectively.It had gained Rs 465 in the previous twosession. Sovereign followed suit and declined by Rs 100 to Rs 23,700 per piece of eight gram.Ina similar fashion, mcx silver ready dropped by Rs 880 to Rs 44,000 per kg and weekly-baseddelivery by Rs 235 to Rs 43,360 per kg. The white metal had gained Rs 880 in last threesessions.However, silver coins held steady at Rs 76,000 for buying and Rs 77,000 for selling of100 pieces in scattered deals. PAGE 1
  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 2Crude oil futures prices today fell by 0.80 per cent to Rs 5,227 per barrel, after speculatorsreduced exposures amid weak trend in Asian trade.At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 41, or 0.80 percent, to Rs 5,227 per barrel in 8,397 lots.Oil for the July delivery contracts moved down by Rs 38, or 0.72 per cent, to Rs 5,256 per barrelin a turnover of 609 lots.The trading sentiment turned weak at futures trade as crude prices declined in Asian trade,dragged down by prospects of weaker crude demand form China and a buildup in US stockpiles,analysts said.Meanwhile, crude oil for the July delivery dropped 64 cents to $ 93.51 a barrel on the New YorkMercantile Exchange.
  4. 4. CHANA DHANIYADHANIYAAgro OutlookD A I L Y B U Z ZCoriander prices fell by Rs 142 to Rs 6,640 per quintal in futures trade today on profit-booking by speculators as demand waned in the spot market against the excess supplies.At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 142, or 2.09 percent to Rs 6,640 per quintal with an open interest of 21,780 lots.The spice of July delivery declined by Rs 124, or 1.80 per cent, to Rs 6,760 per quintal with openinterest of 15,580 lots.
  5. 5. COMMODITY CLOSING PRICE TREND S2 S1PIVOTPOINTR1 R2GOLD26411 UP 25856 26133 26480 26757 27104SILVER43262 UP 42417 42839 43383 43805 44349CRUDE OIL5364 UP 5167 5265 5322 5420 5477COPPER411.70 UP 400.37 406.03 410.22 415.88 420.07NICKEL831.00 UP 812.20 821.60 827.30 836.70 842.40NATURAL GAS233.00 DOWN 225.60 229.30 234.00 237.70 242.40LEAD118.95 UP 112.85 115.90 117.50 120.55 122.15ZINC103.00 UP 100.67 101.83 102.62 103.78 104.57ALLUMINIUM102.00 UP 100.17 101.08 101.72 102.63 103.27COMMODITY CLOSING PRICE TREND S2 S1 PIVOTPOINTR1 R2CHANA 3157 UP 3059 3108 3201 3250 3343JEERA 12970 DOWN 12763 12867 13053 13157 13343RM SEED 3435 UP 3393 3414 3442 3463 3491SOYA REF OIL 711.15 UP 705 708 710 713 715SOYBEAN 3829 DOWN 3777 3803 3826 3852 3875TURMERIC 5836 UP 5752 5794 5844 5886 5936M E T A L S & E N E R G YMarket Statistics
  6. 6. Country Data/Event Previous Forecast Time of Release (IST)EURGerman UnemploymentChange 4K 4K 1.25 P.MEUR M3 Money Supply y/y 2.6% 2.9% 1.30 P.MDisclaimer: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.