Gold prices ended Friday's session at a six-week low as traders monitored the direction of the dollar while speculating on the timing of a Federal Reserve rate hike. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery hit an intraday low of $1,168.40 a troy ounce, a level not seen since March 19, before ending at $1,174.50, down $7.90, or 0.67%. On Thursday, gold plunged $27.60, or 2.28%, to settle at $1,182.40. For the week, prices of the precious metal declined 50 cents, or 0.04%, the third straight weekly loss. Futures were likely to find support at $1,159.70, the low from March 19, and resistance at $1,214.60, the high from April 28. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.53% on Friday to settle at 95.38. On Thursday, the index slumped to a nine-week low of 94.47.

1. COMMODITY SUMMARY 04.05.15
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Market Highlight
Brent crude dipped towards $66 a barrel on
Monday as weak Chinese data stoked
demand fears, while near-record supplies
from OPEC producers reinforced worries
about oversupply.
China, the world's second-largest oil
consumer, saw its biggest drop in factory
activity in a year to 48.9 in April, a private
business survey showed on Monday. The
sub-50 point level indicates a contraction
compared with the previous month.
Gold prices ended Friday's session at a six-
week low as traders monitored the
direction of the dollar while speculating on
the timing of a Federal Reserve rate hike.
On the Comex division of the New York
Mercantile Exchange, gold futures for June
delivery hit an intraday low of $1,168.40 a
troy ounce, a level not seen since March
19, before ending at $1,174.50, down
$7.90, or 0.67%.
On Thursday, gold plunged $27.60, or
2.28%, to settle at $1,182.40. For the week,
prices of the precious metal declined 50
cents, or 0.04%, the third straight weekly
loss.
Futures were likely to find support at
$1,159.70, the low from March 19, and
resistance at $1,214.60, the high from April
28.
The U.S. dollar index, which measures the
greenback’s strength against a trade-
weighted basket of six major currencies,
rose 0.53% on Friday to settle at 95.38.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26406 26521 26605 26720 26804
GOLD MINI 26180 26331 26452 26603 26724
SILVER 35844 36192 36425 36773 37006
SILVER MINI 36515 36879 37105 37469 37695
COPPER 407.6 412.0 414.4 418.8 421.2
NICKEL 876.23 882.1 891.0 896.9 905.8
LEAD 134.2 135.1 136.0 136.9 137.8
ZINC 148.0 149.28 150.0 151.3 152.0
ALUMINIUM 120.3 120.95 121.8 122.5 123.4
N. GAS 171.5 175.1 177.2 180.8 182.9
CRUDE OIL 3688 3721 3764 3797 3840
MENTHAOIL 335.4 670.7 335.4 670.7 335.4
CPO 432.8 434.2 436.4 437.8 440.0
CARDAMOM 292.8 585.6 292.8 585.6 292.8
COTTON 16340.0 16450.0 16650.0 16760.0 16960.0
MCX MARGIN
Commodity
Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Jun-2015 5.00 2723800.00 136190.00
GOLDM 05-May-2015 5.00 270960.00 13548.00
SILVER 05-May-2015 5.00 1131420.00 56571.00
SILVERM 30-Jun-2015 5.00 188595.00 9429.75
COPPER 30-Jun-2015 5.00 390600.00 19530.00
NICKEL 30-Jun-2015 6.73 213475.00 14360.35
LEAD 30-Jun-2015 5.00 668250.00 33412.50
ZINC 30-Jun-2015 5.00 736500.00 36825.00
ALUMINIUM 30-Jun-2015 5.00 600500.00 30025.00
NATURALGAS 26-May-2015 7.48 207000.00 15488.36
CRUDEOIL 18-May-2015 8.72 375500.00 32756.02
MENTHAOIL 29-May-2015 7.69 359604.00 27651.40
CPO 29-May-2015 5.00 434600.00 21730.00
CARDAMOM 15-May-2015 6.29 84470.00 5315.41
COTTON 29-May-2015 5.00 405250.00 20262.50