Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities daily commodity report brings to you market round up and trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
GOLD - Last week, spot gold prices rose marginally by 0.1 percent to close at $1235.2 per ounce as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as
a hedge against political uncertainty in the United States and Europe. On the MCX, gold prices rose by
Achiievers Equities daily commodity report brings to you market round up and trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver and more..
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more...
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities daily commodity report brings to you market round up and trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
GOLD - Last week, spot gold prices rose marginally by 0.1 percent to close at $1235.2 per ounce as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as
a hedge against political uncertainty in the United States and Europe. On the MCX, gold prices rose by
Achiievers Equities daily commodity report brings to you market round up and trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver and more..
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more...
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Plunging iron ore prices are providing a lifeline for some of China's biggest steel mills, but
raising the prospect of a rising tide of exports and increased friction with the European Union
and countries such as India.
Gold prices rallied to new 15 months high on Friday as the dollar continued to slip against the basket of
currencies after the Bank of Japan decided to skit any fresh stimulus in its economy in the latest monetary
policy.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
GOLD - Gold Last week, spot gold prices rose by 1.6 percent to close at 27445. Although expectations remain that the U.S. Federal Reserve will further raise interest rates, while MCX gold
prices also rose by around 1.7 percent in the same time frame. Bullion bounced back on Thursday after
GOLD -Gold pared gains after data showed U.S. job growth rebounded in April and stayed on track for its biggest weekly
loss in six months as expectations for a U.S. interest rate hike in June grew and euro zone political risk receded. Pressure
also seen gold prices after the
Monsoon may set in over Kerala during June 3 to 9, says agro-met advisory Meteorological
subdivision-level rainfall forecast indicates rainfall activity over South India during June 3 to 9, which
can bring the onset of the South-West monsoon
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Crude oil prices rose slightly on Friday, ending the week higher, after data from top energy consumers the United States and China boosted the oil demand outlook.
Precious metals fell more than 1 percent on Friday after U.S. March payrolls data beat expectations, allaying some fears about the U.S. economy and stoking speculation about the timing of likely interest rate hikes by the Federal Reserve this year.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Gold's image as a haven asset has taken a battering with the metal heading for its third-straight annual loss amid the sale of gold-backed funds by investors. Bullion for immediate delivery
rose 0.2 per cent to $1,063.22 an ounce at 3:32 pm. in Singapore after declining 0.7 per cent on Wednesday,
The step down in job gains could temper expectations of a strong rebound in economic activity in the second
quarter after growth nearly stalled in the first three months of the year
It is projected that sea levels will rise two feet by mid-century and six feet by 2100. The new tide line will transform the coastal landscape of Greater Boston and increase the probability of a major storm devastating the metropolitan region. Adapted from Sasaki's The Sea Change: Boston exhibition, this overview examines Boston's vulnerabilities to sea level rise and demonstrates proactive design strategies at the building, city, and regional scale. The work is intended to catalyze conversations with a broader audience about the tough questions and regional implications of sea level rise.
creativity and innovation by children at unicef innovation centre boston 2015...Dr Anil Gupta
can children creativity influence public policy?
yes indeed, children are not sink of sermons, but also source of ideas
Print 'Wash your hands' on every lunch box
when have we seen so much policy traction for an idea of knowledge-rich, economically poor girl child in our country? Thanks and congratulations to Ms Maneka Gandhi, Minister of women and child Welfare, Union Government, for appreciating the idea of Shireen and taking it up for urgent implementation at the highest level.
If there were more ministers paying attention to grassroots ideas and creativity, India can transform faster than ever before, hope PMO India is listening
This idea was spotted in a children's creativity workshop organised by Sristi Ahmedabad as a part of Festival of Innovation (FOIN) Rashtrapati Bhavan with the support of #UNICEF, National Innovation Foundation - India and #gian Honey Bee Network
IIM Ahmedabad Anamika Dey Chetan V Patel Techpedia.in : students, start-ups, society Innovations at Grassroots/ ICCIG @agakhanfoundation
This will also be processed in Ignite competition by National Innovation Foundation - India for #manak and Inspire program of DST
also see my new book new book on grassroots Innovation, Penguin Random House, New Delhi, 2016
http://www.amazon.in/Grassroots-Innovation-Minds-Margin-Marginal/dp/8184005873
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Plunging iron ore prices are providing a lifeline for some of China's biggest steel mills, but
raising the prospect of a rising tide of exports and increased friction with the European Union
and countries such as India.
Gold prices rallied to new 15 months high on Friday as the dollar continued to slip against the basket of
currencies after the Bank of Japan decided to skit any fresh stimulus in its economy in the latest monetary
policy.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
GOLD - Gold Last week, spot gold prices rose by 1.6 percent to close at 27445. Although expectations remain that the U.S. Federal Reserve will further raise interest rates, while MCX gold
prices also rose by around 1.7 percent in the same time frame. Bullion bounced back on Thursday after
GOLD -Gold pared gains after data showed U.S. job growth rebounded in April and stayed on track for its biggest weekly
loss in six months as expectations for a U.S. interest rate hike in June grew and euro zone political risk receded. Pressure
also seen gold prices after the
Monsoon may set in over Kerala during June 3 to 9, says agro-met advisory Meteorological
subdivision-level rainfall forecast indicates rainfall activity over South India during June 3 to 9, which
can bring the onset of the South-West monsoon
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Crude oil prices rose slightly on Friday, ending the week higher, after data from top energy consumers the United States and China boosted the oil demand outlook.
Precious metals fell more than 1 percent on Friday after U.S. March payrolls data beat expectations, allaying some fears about the U.S. economy and stoking speculation about the timing of likely interest rate hikes by the Federal Reserve this year.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Gold's image as a haven asset has taken a battering with the metal heading for its third-straight annual loss amid the sale of gold-backed funds by investors. Bullion for immediate delivery
rose 0.2 per cent to $1,063.22 an ounce at 3:32 pm. in Singapore after declining 0.7 per cent on Wednesday,
The step down in job gains could temper expectations of a strong rebound in economic activity in the second
quarter after growth nearly stalled in the first three months of the year
It is projected that sea levels will rise two feet by mid-century and six feet by 2100. The new tide line will transform the coastal landscape of Greater Boston and increase the probability of a major storm devastating the metropolitan region. Adapted from Sasaki's The Sea Change: Boston exhibition, this overview examines Boston's vulnerabilities to sea level rise and demonstrates proactive design strategies at the building, city, and regional scale. The work is intended to catalyze conversations with a broader audience about the tough questions and regional implications of sea level rise.
creativity and innovation by children at unicef innovation centre boston 2015...Dr Anil Gupta
can children creativity influence public policy?
yes indeed, children are not sink of sermons, but also source of ideas
Print 'Wash your hands' on every lunch box
when have we seen so much policy traction for an idea of knowledge-rich, economically poor girl child in our country? Thanks and congratulations to Ms Maneka Gandhi, Minister of women and child Welfare, Union Government, for appreciating the idea of Shireen and taking it up for urgent implementation at the highest level.
If there were more ministers paying attention to grassroots ideas and creativity, India can transform faster than ever before, hope PMO India is listening
This idea was spotted in a children's creativity workshop organised by Sristi Ahmedabad as a part of Festival of Innovation (FOIN) Rashtrapati Bhavan with the support of #UNICEF, National Innovation Foundation - India and #gian Honey Bee Network
IIM Ahmedabad Anamika Dey Chetan V Patel Techpedia.in : students, start-ups, society Innovations at Grassroots/ ICCIG @agakhanfoundation
This will also be processed in Ignite competition by National Innovation Foundation - India for #manak and Inspire program of DST
also see my new book new book on grassroots Innovation, Penguin Random House, New Delhi, 2016
http://www.amazon.in/Grassroots-Innovation-Minds-Margin-Marginal/dp/8184005873
Alan B. Kruegar, Chairman of the President's Council of Economic Advisers, spoke on reversing the middle class jobs deficit on April 26, 2012 at Columbia University
HOW TO CREATE A SELF-HOSTED BLOG TO PROMOTE YOUR BOOK AND BRAND YOURSELF PT.1zion thompson
Here you will learn how to create a self-hosted blog that will grant you more functionalities and give you a professional look, first we started with picking a domain name which is very crucial for you.
Slides from the last live webcast that detailed the Online Bioinformatics Master's Degree and Bioinformatics Advanced Certificate programs offered at NYU Tandon School of Engineering.
Big Data Ecosystem for Data-Driven Decision MakingAbzetdin Adamov
The extremely fast grow of Internet Services, Web and Mobile Applications and advance of the related Pervasive, Ubiquity and Cloud Computing concepts have stumulated production of tremendous amounts of data partially available online (call metadata, texts, emails, social media updates, photos, videos, location, etc.). Even with the power of today’s modern computers it still big challenge for business and government organizations to manage, search, analyze, and visualize this vast amount of data as information. Data-Intensive computing which is intended to address this problems become quite intense during the last few years yielding strong results. Data intensive computing framework is a complex system which includes hardware, software, communications, and Distributed File System (DFS) architecture.
Just small part of this huge amount is structured (Databases, XML, logs) or semistructured (web pages, email), over 90% of this information is unstructured, what means data does not have predefined structure and model. Generally, unstructured data is useless unless applying data mining and analysis techniques. At the same time, just in case if you can process and understand your data, this data worth anything, otherwise it becomes useless.
American Council on Education Fellow, Dr Rosalee Rush, from Bloomsburg University, discusses Bloomsburg University's response to the flooding in September 2011 that occurred when Tropical Storm Lee hit, breaking the banks of the Susquehanna River.
With a new stadium and roof, plus major upsets in the tennis world, this year’s US Open was a real ace as the tournament set various attendance records with popularity at an all-time high. Two new champions, Angelique Kerber and Stan Wawrinka, dispatched old favorites like Novak Djokovic and Caroline Wozniacki, and American men’s tennis still awaits their first Open victory since 2003. To keep up with all the exciting action, xAd observed foot traffic data throughout the two weeks to see what players drew the biggest crowds and where else those spectators were likely to be seen (hint, Central Park was a popular one). Check out the infographic for more insights.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more...
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver and more...
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more...
Achiievers Equities daily commodity report brings to you market round up and trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
GOLD - The price of gold has traded up and down since the election. Comex gold has been less volatile than gold mining stocks and the gold stock exchange-traded fund. We are very bullish on gold prices for
2017 although the current scenario of Gold is bearish over the short term
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Sushil Finance present their daily update on the commodity markets. Read about the latest commodity news, outlook and technical strategies on Gold, Silver, Crude Oil.
GOLD -Gold prices traded little lower on Friday as US Dollar Index rebounded in early trades. Gold in COMEX traded higher for the second week. Prices were trading up more than 3% and looked to face its near-
term resistance at $ 1250. Gold could settle around $ 1260 to $ 1270 by this week.
Achiievers Equities daily commodity report brings to you market round up and trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver and more...
GOLD - Gold prices held steady as rising tensions between the United States and North Korea triggered safe-haven buying. U.S.
President Donald Trump issued a new threat to North Korea, saying the U.S. military was "locked and loaded" as Pyongyang
accused him of driving the Korean Peninsula to the brink of nuclear war and world powers expressed alarm.A report released by
GOLD - Gold prices traded lower on last week on the account of profit booking at higher levels while strengthening dollar index will further lower gold prices in the near term. The Gold is on an upward
trajectory as investors look for a safe haven in an increasingly uncertain world. Despite the strength of
Last week, spot gold prices traded 1.2 percent higher while MCX gold prices surged by 2 percent. Weakness in the dollar index on account of the possible delays in the long awaited US Tax reforms, fall in
global equities were factors responsible for the rise in the yellow metal.
GOLD - Gold on MCX settled up 0.32% at 28476 as investors continue to pile into the precious metal amid expectations that Fed
could keep interest rates low for longer than initially anticipated. Fed kept interest rates unchanged but expected to start winding
Commodity Research Report 23 November 2015 Ways2Capitalways2capitalindore
• Nickel smelter developers are putting projects on hold as they struggle to get financing with metal prices near their lowest in more than a decade, industry and government stakeholders
said on Wednesday.
Similar to Achiievers Equities Daily Commodity Report (20)
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
+12349014282
#pi network #pi coins #legit #passive income
#US
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
2. Open High Low Close % Cng OI
Gold 26592 26749 26500 26625 0.06 7459
Silver 36138 36660 35924 36423 0.74 8839
Alum. 118.3 118.8 117.3 117.5 -0.55 2781
Copper 406.1 407.9 404.2 406.3 -0.12 9447
Lead 118.2 119 117.4 117.6 -0.38 2470
Nickel 988 993.2 976 977.2 -1.21 4234
Zinc 137.2 137.8 136.55 137.45 0.22 3470
Crude 3559 3633 3522 3609 2.12 24192
Nat. Gas 202 205.4 197 198.9 -1.29 8947
Chana 26592 26749 26500 26625 0.06 7459
Cardamom 922.2 942 905.1 924.2 -0.21 1486
Turmeric 8280 8414 8204 8362 1.23 26270
Jeera 14015 14125 13810 13980 -0.43 7308
Wheat 1693 1703 1690 1702 0.35 2980
Soyabean 3344 3358 3335 3344 0.36 120640
Ref. Oil 603 613.9 603 611.8 1.59 69510
CPO 419 424.8 419 424.2 1.27 2497
RMSeed 4195 4260 4181 4247 1.26 20900
Menthol 747 747 716.7 716.7 -3.99 3813
Cotton 15850 15910 15810 15860 0.25 2537
USDINR 63.35 63.57 63.33 63.38 0.06 1199362
EURINR 77.58 77.80 77.46 77.50 -0.23 24791
GBPINR 98.81 99.17 98.46 98.58 -0.34 18012
JPYINR 52.80 52.98 52.72 52.79 -0.17 15220
Chana dropped on profit booking after prices seen supported on improved demand and lower sowing as well as
acreage.
Turmeric prices gained amid rising domestic as well as export demand in the spot market.
Currency
Jeera prices ended with losses due to profit booking amid lower demand in spot market.
Date : Wednesday, December 24, 2014 URL : www.achiieversequitiesltd.com Page No - 2
Natural gas dropped to nearly two-year lows as milder-than-expected winter weather and rising supplies continued
to weigh.
Ref soyoil prices gained on speculation that government may hike import duty on edible oil.
Cereals
Mentha oil prices dropped on ample stocks availability in the physical market following increased arrivals from
Chandausi in Uttar Pradesh.Oil and Oilseeds & Others
Soyabean prices gained on higher demand for the bean in global market and on supply concern for the bean in
domestic market.
Energy
Copper dropped as the dollar rallied and concerns over weak demand in top consumer China persisted.
Zinc rebounded after data showed the economy of the U.S., grew at the fastest pace since 2003 last quarter.
Pulses
Nickel ended with losses after purchases of previously owned U.S. homes dropped more than forecast in November.
Spices
Market Round upPrecious Metals
Gold weak tracking rising global equity markets after a final reading showed U.S. economy to have grown more than
expected in the third quarter.
Base Metal
Silver gained despite strong U.S. growth data lifted dollar, and was looking vulnerable to more losses as appetite for
risk boosted equities.
Crude oil rebounded after a final reading showed the U.S. economy to have grown more than expected in the Q3,
notwithstanding a strong dollar.
3. Silver settled up 0.74% at 36423 pulled away from a three-week low on Tuesday, but still remained below the 37000 mark threshold as the strong U.S. dollar continued to weigh on the precious metal. Also Gold was trading
close to a three-week low as strong U.S. economic growth boosted equities and the dollar, weakening safe-haven bids for bullion. Data on Tuesday showed the U.S. economy grew at a 5.0 percent clip in the third quarter, its
quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear. Both the Dow and the S&P 500 hit record closing highs on Tuesday after the GDP report. The dollar index climbed to its
highest in nearly nine years. A strong economy could also prompt the Federal Reserve to raise interest rates soon, a factor that would hurt non-interest-bearing Bullion. Bullion could come under more pressure before the end
of the year, especially if it falls below the $1,170 level that could trigger stop-loss orders. A report from the Labor Department showed new orders for U.S. manufactured durable goods unexpectedly decreased in November,
while another report from the Commerce Department showed sales of new single-family houses in the U.S. to have unexpectedly declined in November. With holidays for Christmas and the New Year ahead, trading volumes
continued to remain quite thin and are likely to remain so for the rest of the week. Technically market is under short covering as market has witnessed drop in open interest by -3.63% to settled at 8839 while prices up 268
rupee, now Silver is getting support at 36012 and below same could see a test of 35600 level, And resistance is now likely to be seen at 36748, a move above could see prices testing 37072.
Date : Wednesday, December 24, 2014 URL : www.achiieversequitiesltd.com Page No - 3
CLOSE 36423 RES-1 36748
Holdings at ishares silver trust dropped by 1.73% i.e. 181.72 tonnes to 10335.48 tonnes
from 10517.20 tonnes.
% CNG 0.74 RES-2 37072 SELL SILVER MAR @ 36700 SL 36990 TGT 36380-36180-35950.MCX
HIGH 36660 SUP-1 36012
Silver gained despite strong U.S. growth data lifted dollar, and was looking vulnerable to
more losses as appetite for risk boosted equities.
LOW 35924 P.P. 36336
Fed officials last week dropped a pledge to keep borrowing costs near zero percent for a
“considerable time,” replacing it with a promise to be “patient".
Gold settled at 26625 shedding its earlier gains tracking rising global equity markets after a final reading showed U.S. economy to have grown more than expected in the third quarter, with the dollar also strengthening
against a basket of major currencies. A Commerce Department report on Tuesday showed U.S. GDP increased much more than previously estimated in the third quarter, reflecting notably stronger consumer spending
growth. A Commerce Department report on Tuesday showed U.S. personal income to have risen less than expected in November, but personal spending increased more than expected. Nonetheless, the decline in gold prices
were somewhat capped after some soft durable goods and new single-family houses sales data from the U.S. A report from the Labor Department showed new orders for U.S. manufactured durable goods unexpectedly
decreased in November, while another report from the Commerce Department showed sales of new single-family houses in the U.S. to have unexpectedly declined in November. With holidays for Christmas and the New Year
ahead, trading volumes continued to remain quite thin and are likely to remain so for the rest of the week. Bullion could come under more pressure before the end of the year, especially if it falls below the $1,170 level that
could trigger stop-loss orders. Thin liquidity due to the Christmas holiday could also exaggerate any moves in prices. Bullion found support in the physical markets, where bargain hunters in top consumer China emerged after
the price drop on Monday. Data from the IMF showed that Russia raised its gold reserves for an eighth month in a row in November, while Ukraine reduced bullion holdings for a second straight month. Technically market is
getting support at 26501 and below same could see a test of 26376 level, And resistance is now likely to be seen at 26750, a move above could see prices testing 26874.
MCX Silver Mar 2015 TRADING IDEA
OPEN 36138 SUP-2 35600 Silver trading range for the day is 35600-37072.
CLOSE 26625 RES-1 26750
SPDR gold trust holdings dropped by 11.65 tonnes i.e. 1.61% to 712.90 tonnes from
724.55 tonnes.
% CNG 0.06 RES-2 26874 SELL GOLD FEB @ 26800 SL 26980 TGT 26640-26450.MCX
HIGH 26749 SUP-1 26501
Gold weak tracking rising global equity markets after a final reading showed U.S. economy
to have grown more than expected in the third quarter.
LOW 26500 P.P. 26625
US economy grew at a 5% clip in the Q3, its quickest pace in 11 years and the strongest
sign yet that growth has decisively shifted into higher gear.
MCX Gold Feb 2015 TRADING IDEA
OPEN 26592 SUP-2 26376 Gold trading range for the day is 26376-26874.
4. Copper settled down -0.12% at 406.30 dropped on Tuesday, extending the previous session's fall as the dollar rallied and concerns over weak demand in top consumer China persisted. The dollar hit a near nine-year high
versus a currency basket, making dollar-priced metals costlier for non-U.S. investors and cancelling the positive impact on copper of more stable oil prices and firmer equities. Also weighing on prices was the demand picture
in China, which consumes some 45 percent of the world's copper. Chinese stocks posted the biggest daily drop in two weeks, while a central bank survey on Monday showed the number of Chinese bankers who believe the
country's economy is cooling increased in the fourth quarter. Yesterday US final GDP growth for Q3, published on Tuesday, came in at 5.0%, well above expectations and the biggest rise in 11 years. This demonstrates rapid
growth in the US economy and has soothed concerns over the world’s largest economy. The resulting stronger expectation for the US Federal Reserve to raise interest rates earlier than anticipated sent the US dollar index up
sharply above 90, a high not seen since 2006. Also The University of Michigan’s Consumer Sentiment Index for December was finalized at 93.6, close to an 8-year high. US consumer spending grew 0.6% MoM in November,
the biggest monthly increase in three months. The US dollar index edged up 0.41% on Tuesday, while the euro slipped 0.45% against the greenback. Major world shares closed higher. Lastweek Copper slipped 1.16% in
period, as the inventories are continuing to increase, while demand concerns are growing. Technically market is getting support at 404.3 and below same could see a test of 402.4 level, And resistance is now likely to be seen
at 408, a move above could see prices testing 409.8.
Date : Wednesday, December 24, 2014 URL : www.achiieversequitiesltd.com Page No - 4
CLOSE 406.3 RES-1 408.0
The US durable goods orders posted an unexpected decline in November, but the nation’s
Q3 GDP registered the biggest growth in 11 years
% CNG -0.12 RES-2 409.8
SELL COPPER FEB @ 407.20-408.50 SL ABV 413.50 TGT 404.80-402.80-400.20. MCX
(STBT)
HIGH 407.9 SUP-1 404.3
Copper dropped as the dollar rallied and concerns over weak demand in top consumer
China persisted.
LOW 404.2 P.P. 406.1
Pressure also seen on expectations of a looming supply surplus, a situation aggravated by
slowing industrial growth in China.
Crudeoil settled up 2.12% at 3609 gained sharply higher on Tuesday tracking gain's from Nymex Crude which jumped $1.86 to close at $57.12 a barrel, after a final reading showed the U.S. economy to have grown more
than expected in the third quarter, notwithstanding a strong dollar. In some positive economic news, a Commerce Department report showed U.S. gross domestic product to have increased much more than previously
estimated in the third quarter, reflecting notably stronger consumer spending growth. Meanwhile, U.S. personal income rose less than expected in November, but personal spending increased more than expected, a
Commerce Department report showed Tuesday. Nevertheless, investors continued to be wary of a supply glut and tepid demand growth, while awaiting the weekly oil status reports. Oil continued to remain under pressure
after Saudi oil minister Ali Al-Naimi at an energy conference in Abu Dhabi last weekend, opposed any cut in output. Meanwhile, oil futures responded positively to comments from some Arab members of the OPEC that oil
prices would rebound to $70 to $80 a barrel next year. While US crude stocks rose by 5.4mbls last week, while gasoline inventories climbed by 5.5mbls, according to data released by industry group the API on Tuesday.
Markets have also been jittery as, despite an improving U.S. economy, headwinds continue to cool European and Asian economies and hamper demand for fuel and energy, while unrest in the Middle East and Ukraine has
failed to disrupt supply as once feared. Technically market is under short covering as market has witnessed drop in open interest by -5.81% to settled at 24192, now Crudeoil is getting support at 3543 and below same could
see a test of 3477 level, And resistance is now likely to be seen at 3654, a move above could see prices testing 3699.
MCX Copper Feb 2015 TRADING IDEA
OPEN 406.1 SUP-2 402.4 Copper trading range for the day is 402.4-409.8.
CLOSE 3609 RES-1 3654 Today crude oil inventories: Exp: -2.4M Prev: -0.8M. Actual is at 9.00PM
% CNG 2.12 RES-2 3699 SELL CRUDE OIL JAN @ 3680 SL 3740 TGT 3620-3550.MCX
HIGH 3633 SUP-1 3543
Crude oil rebounded after a final reading showed the U.S. economy to have grown more
than expected in the Q3, notwithstanding a strong dollar.
LOW 3522 P.P. 3588
Crude stocks rose by 5.4mbls last week, while gasoline inventories climbed by 5.5mbls,
according to API on Tuesday.
MCX Crudeoil Jan 2015 TRADING IDEA
OPEN 3559 SUP-2 3477 Crudeoil trading range for the day is 3477-3699.
5. Nickel settled down -1.21% at 977.20 as US economic indicators topped market expectations, driving up the US dollar index to hit a record high, pushing down base metals prices. US final GDP growth for Q3, published on
Tuesday, came in at 5.0%, well above expectations and the biggest rise in 11 years. This demonstrates rapid growth in the US economy and has soothed concerns over the world’s largest economy. The resulting stronger
expectation for the US Federal Reserve to raise interest rates earlier than anticipated sent the US dollar index up sharply above 90, a high not seen since 2006. The University of Michigan’s Consumer Sentiment Index for
December was finalized at 93.6, close to an 8-year high. US consumer spending grew 0.6% MoM in November, the biggest monthly increase in three months. Also UK’s final Q3 GDP growth was reported at 2.6% on Tuesday,
slightly below estimates. UK current account deficit (CAD) expanded to GBP 27 billion in Q3, running at 6% of GDP not seen since Q3 2013. The US dollar index edged up 0.41% on Tuesday, while the euro slipped 0.45%
against the greenback. Major world shares closed higher. LME zinc rose slightly, but other base metals fell, with tin down as much as 3.61%. The surge in the US dollar index is expected to pile pressure on base metals prices
on Wednesday, but trading should be light for the Christmas Day holiday. Technically market is under fresh selling as market has witnessed gain in open interest by 13.51% to settled at 4234 while prices down -12 rupee,
now Nickel is getting support at 971 and below same could see a test of 964.9 level, And resistance is now likely to be seen at 988.2, a move above could see prices testing 999.3.
Date : Wednesday, December 24, 2014 URL : www.achiieversequitiesltd.com Page No - 5
CLOSE 977.2 RES-1 988.2
LME data showed nickel stocks rose to a record level, cementing the view that Indonesia's
ore ban had not tightened the market enough
% CNG -1.21 RES-2 999.3 SELL NICKEL DEC @ 990 SL 1005 TGT 978-960.MCX
HIGH 993.2 SUP-1 971.0
Nickel ended with losses after purchases of previously owned U.S. homes dropped more
than forecast in November.
LOW 976.0 P.P. 982.1
Nickel market ended in excess of 148,000 tons when matched with the surplus of 186,700
reported during entire year 2013 - WBMS
Zinc settled up 0.22% at 137.45 while overall traded in the range as Major economic indicators from the US were upbeat. University of Michigan's CCI hit an 8-year high, and growth in Q3 surged, boosting the US dollar index
to an 8-year high. The euro thus weakened, weighing down base metals prices. LME zinc prices which opened at USD 2,168/mt, then touched as high as USD 2,174/mt. US final GDP growth for Q3, published on Tuesday,
came in at 5.0%, well above expectations and the biggest rise in 11 years. This demonstrates rapid growth in the US economy and has soothed concerns over the world’s largest economy. The resulting stronger expectation
for the US Federal Reserve to raise interest rates earlier than anticipated sent the US dollar index up sharply above 90, a high not seen since 2006. Major world shares closed higher. LME zinc rose slightly, but other base
metals fell. Last week Zinc lost the less among the industrial metals in the period, as it slid only 0.45%; moreover, it has also been the best performer during the lost months by falling 3.29%. The US Dollar rebounded from
its decline, decreasing the allure of industrial metals, as it made the commodities priced in US Dollars less attractive to the investors. The surge in the US dollar index is expected to pile pressure on base metals prices on
Wednesday, but trading should be light for the Christmas Day holiday. Technically market is under short covering as market has witnessed drop in open interest by -3.13% to settled at 3470 while prices up 0.3 rupee, now
Zinc is getting support at 136.8 and below same could see a test of 136 level, And resistance is now likely to be seen at 138.1, a move above could see prices testing 138.6.
MCX Nickel Dec 2014 TRADING IDEA
OPEN 988.0 SUP-2 964.9 Nickel trading range for the day is 964.9-999.3.
CLOSE 137.5 RES-1 138.1 Zinc daily stocks at Shanghai exchange came down by 100 tonnes.
% CNG 0.22 RES-2 138.6 SELL ZINC DEC @ 137.50-138 SL ABV 138.80 TGT 136.60-136-135.40. MCX (1-2 DAYS)
HIGH 137.8 SUP-1 136.8
Zinc rebounded after data showed the economy of the U.S., grew at the fastest pace since
2003 last quarter.
LOW 136.6 P.P. 137.3
Gross domestic product grew at a 5 percent annual rate from July through September, up
from a previously estimated 3.9 percent, according to the revised figures from the
Commerce Department
MCX Zinc Dec 2014 TRADING IDEA
OPEN 137.2 SUP-2 136.0 Zinc trading range for the day is 136-138.6.
6. Turmeric settled up by 1.23% at 8362 amid rising domestic as well as export demand in the spot market. Besides, tight supplies in the physical market following restricted arrivals from producing regions supported the
upside. As per the market sources, the total production of turmeric in the current year is expected to be around 35-37 lakh bags against 52 lakh bags of the last year. This is mainly due to weak production forecast in major
producing states such as Andhra Pradesh and Tamilnadu. Sources mentioned that weak rainfall so far in the major growing regions of turmeric in the state such as Nizamabad and Warangal will reduce the crop to 17-18 lakh
bags from 22 lakh bags projected in the last year. While the total crop size of turmeric in Karnataka is estimated lower at 5 lakh bags from 7 lakhs bags in 2013-14 due to weak rainfall so far in the current year and poor price
realization from turmeric crop. Spot turmeric prices increased in Erode markets due to arrival of good quality. Traders, especially exporters, procured good number of turmeric due to arrival of good quality produce. Many
buyers were keen on buying quality hybrid turmeric and also local root variety turmeric. Of the total 4,000 bags that arrived, 60 per cent was sold. In Nizamabad, a major spot market in AP, the price ended at 7222.5 rupees
gained 372.5 rupees.Technically market is under fresh buying as market has witnessed gain in open interest by 7.03% to settled at 26270 while prices up 102 rupee, now Turmeric is getting support at 8238 and below same
could see a test of 8116 level, And resistance is now likely to be seen at 8448, a move above could see prices testing 8536.
Date : Wednesday, December 24, 2014 URL : www.achiieversequitiesltd.com Page No - 6
CLOSE 8362 RES-1 8448
The total production of turmeric in the current year is expected to be around 35-37 lakh
bags against 52 lakh bags of the last year.
% CNG 1.23 RES-2 8536 BUY TURMERIC APR @ 8200 SL 8050 TGT 8340-8550.NCDEX
HIGH 8414 SUP-1 8238 Turmeric prices gained amid rising domestic as well as export demand in the spot market.
LOW 8204 P.P. 8326
Besides, tight supplies in the physical market following restricted arrivals from producing
regions supported the upside.
Chana settled down by -0.06% at 3331 on profit booking after prices seen supported on improved demand from bulk consumers and lower sowing as well as acreage. Domestic demand for chickpea is strong in local mandis
as quality available in market is of superior variety. India 2014-15 rabi gram sowing until Dec 19 at 7.51 million hectares as compared to 8.94 million hectare previous year. Acreage of the crop harvested in 2015 is
forecasted 12% lower at 8.90 million hectare as compared to 10.19 million hectare in previous season. Pulses sowing fell by 10.9% to 11.9 million hectare as compared to last year due to lower rains and late harvesting to
kharif crops in Madhya Pradesh, Maharashtra and Andhra Pradesh. Lower prices on the back of record output and comfortable supplies may force farmers to switch over to other remunerative crops such as mustard and
coriander which could yield better returns. Due to this, the government has set a target of 9.3 million tons for chana output for 2014-15 rabi season, down 5.87% compared to previous year. Meanwhile, according to
Australian Bureau of Agriculture and Resource Economics (ABARE) total acreage in Australia was down by 33% to 339,000 hectare as compared to previous year. Australia is major supplier to Indian markets, contributes
over 65-70% of the country's total quantity imported. In Delhi spot market, chana gained by 17.1 rupee to end at 3325 rupee per 100 kgs.Technically market is under long liquidation as market has witnessed drop in open
interest by -0.14% to settled at 83050 while prices down -2 rupee, now Chana is getting support at 3299 and below same could see a test of 3268 level, And resistance is now likely to be seen at 3357, a move above could
see prices testing 3384.
NCDEX Turmeric Apr 2015 TRADING IDEA
OPEN 8280 SUP-2 8116 Turmeric trading range for the day is 8116-8536.
CLOSE 3331 RES-1 3357
India 2014-15 rabi gram sowing until Dec 19 at 7.51 million hectares as compared to 8.94
million hectare previous year.
% CNG -0.06 RES-2 3384 BUY CHANA JAN @ 3290 SL 3250 TGT 3330-3370-3400.NCDEX
HIGH 3353 SUP-1 3299
Chana dropped on profit booking after prices seen supported on improved demand and
lower sowing as well as acreage.
LOW 3295 P.P. 3326
Domestic demand for chickpea is strong in local mandis as quality available in market is of
superior variety.
NCDEX Chana Jan 2015 TRADING IDEA
OPEN 3328 SUP-2 3268 Chana trading range for the day is 3268-3384.
7. 120.2
119.6
118.6
115.4
116.4
117.0
2470
118.0
1.2
Date : Wednesday, December 24, 2014 URL : www.achiieversequitiesltd.com Page No - 7
Positive Positive
SPREAD 230 632 49.00 4.00 3.90 0.30 7.00
TREND Positive Positive Positive Positive Positive Positive Positive
1.05
964.9 116.4
26501 36012 3543 195.4 404.3
OI 7459 8839 24192 8947 9447 3470 4234 2781
135.5 953.8 115.5
136.8 971.0 117.0
136.0
P. POINT 26625 36336 3588 200.4 406.1
26252 35276 3432 187.0 400.6
SUPPORT 26376 35600 3477 192.0 402.4
408.0 138.1 988.2 118.5
137.3 982.1 117.9
RESISTANCE
26999 37484 3765 212.2 411.7 139.4 1005.4 120.0
26874 37072 3699 208.8 409.8 138.6 999.3 119.4
26750 36748 3654 203.8
CLOSE 26625 36423 3609 198.9 406.3 137.45 977.2 117.5
Mentha oil settled down by -3.99% at 716.7 on ample stocks availability in the physical market following increased arrivals from Chandausi in Uttar Pradesh. However, hopes of rise in winter season export and domestic
demand, capped some losses in mentha oil prices to some extent. Mentha oil production is expected to fall this year by 30 per cent to 40,000 tonnes from 55,000 tonnes a year ago, with acreage under the commodity
declining as farmers sentiment were dampened due to lower prices. Mentha oil arrivals to the spot market, especially from the Chandausi in Uttar Pradesh, have increased substantially. The resulting fall in prices was capped
due to lower production of the commodity this season. Acreage is expected to fall by 20 per cent this year, to 17,500 hectare on the back of a large carry-over stock from last year, which also had an impact on prices.
However, export demand for the spice is expected to go up in the coming weeks. Last year, the total production of mentha oil stood at 55,000 tonnes, out of which 40 per cent of the crop is carry forwarded for the current
year. Mentha oil rose to an all-time record of an average of Rs 2,570 a kg in March 2012, after a massive shortage in availability was reported despite huge global demand. Technically market is under long liquidation as
market has witnessed drop in open interest by -25.31% to settled at 3813 while prices down -29.8 rupee, now Menthaoil is getting support at 706.6 and below same could see a test of 696.5 level, And resistance is now likely
to be seen at 736.9, a move above could see prices testing 757.1.
DAILY MARKET LEVEL FOR METAL AND ENERGY
COMMODITIES GOLD SILVER CRUDE NAT.GAS COPPER ZINC NICKEL ALUMINUM LEAD
117.6
CLOSE 716.7 RES-1 736.9
However, hopes of rise in winter season export and domestic demand, capped some
losses in mentha oil prices to some extent.
% CNG -3.99 RES-2 757.1 BUY MENTHA OIL DEC ABV 720 SL 708 TGT 732-744-756.MCX
HIGH 747.0 SUP-1 706.6 Menthaoil spot is at 824/-. Spot market is down by Rs.23/-.
LOW 716.7 P.P. 726.8
Mentha oil prices dropped on ample stocks availability in the physical market following
increased arrivals from Chandausi in Uttar Pradesh.
MCX Menthaoil Dec 2014 TRADING IDEA
OPEN 747.0 SUP-2 696.5 Menthaoil trading range for the day is 696.5-757.1.
8. All Day EUR 0 0
7:00pm USD 291K 289K
9:00pm USD -2.4M -0.8M
10:30pm USD -81B -64B
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
8
While the Federal Reserve Bank of Philadelphia released a report showing a continued increase in
regional manufacturing activity in the month of December, the pace of growth in the sector slowed
substantially. The Philly Fed said its diffusion index for current activity tumbled to 24.5 in December
from 40.8 in November, although a positive reading indicates continued growth in regional
manufacturing activity. Economists had expected the index to drop to a reading of 25.0. The sharp
drop by the Philly Fed Index came after it soared to its highest level in over twenty years in the
previous month. Paul Ashworth, Chief U.S. Economist at Capital Economics, said, "That November
reading was a 21-year high which, even though industrial production has been rising at a rapid clip
recently, simply wasn't believable." "Moreover, even at 24.5, the Philly Fed index is still at a level that
historically has been consistent with GDP growth of around 4% annualized," he added. The pullback
by the headline index reflected notably slower growth in both new orders and shipments. The new
orders index plummeted to 15.7 in December from 35.7 in November, while the shipments index
plunged to 16.1 from 31.9. The report also showed a notable decrease by the number of employees
index, which slumped to 7.2 in December from 22.4 in November.
After reporting U.S. existing home sales at their highest level in a year in the previous month, the
National Association of Realtors released a report showing that existing home sales pulled back by
much more than expected in the month of November. NAR said existing home sales tumbled 6.1
percent to a seasonally adjusted annual rate of 4.93 million in November after climbing 1.4 percent to
5.25 million in October. Economists had expected existing home sales to edge down to 5.20 million.
With the bigger than expected decrease, existing home sales fell to their lowest annual rate since
hitting 4.91 million in May. Lawrence Yun, NAR chief economist, said, "Fewer people bought homes
last month despite interest rates being at their lowest levels of the year." "The stock market swings in
October may have impacted some consumers' psyche and therefore led to fewer November closings,"
he added. "Furthermore, rising home values are causing more investors to retreat from the market."
The report said the median price of existing homes sold in November was $205,300, down 1.1
percent from $207,500 in October but up 5.0 percent from $195,500 in the same month a year ago.
Guar gum exporters, facing a steep decline in foreign orders due to falling crude oil prices, have
another reason to worry. The ongoing rouble crisis has started reducing Russian orders for its export.
Shipment orders of other agri commodities have also declined steeply since the Western world
imposed economic sanctions on Russia after the latter’s intervention in Ukraine. Guar gum tops the
list of agri commodity exports to Russia, with shipment of $51.5 million in 2013-14 (though, less than
one per cent of our overall guar gum export, of $22 billion. However, exporters of other commodities
have faced a similar decline in orders. The Russian currency depreciated by 24 per cent in the past
month to trade at 56.54 to the dollar at present, a sharp recovery after hitting a low of 68 in early
December. “India’s export of groundnut to Russia have dried up due to the rouble's steep fall. There
will be no further exports this year,” said Kishore Tanna, chairman of Indian Oilseeds and Produce
Export Promotion Council. Of around Rs 6,000 crore of groundnut export annually, Russia constitutes
Rs 60 crore.
India's palm oil imports touched a record 7,96,587 tonnes in November this year amid weak global
prices and anticipation of hike in import duty, according to the Solvent Extractors' Association (SEA).
Total palm oil imports by the world's leading vegetable oil buyer stood at 7,74,207 tonnes during the
same month last year and 6,13,574 tonnes in November 2012. Palm oils make up 70% of the
country's total vegetable oil imports. India meets 60% of its annual vegetable oil demand of 17-18
million tonnes via imports. SEA attributed the rise in palm oil imports to a "record level" during the
November period to zero export duty on palm products slapped by Indonesia and Malaysia, lowest
prices of palm products in last five years and reduced demand of crude palm oil for bio-diesel
production. The shipments rose also because of anticipated hike in import duty of edible oils and
lower availability of domestic oils due to sluggish crushing in view of high oilseeds prices, the Mumbai-
based industry body said in a statement. Among palm oil products, import of refined palm oil (RBD
Palmolein) fell by 73% to 55,815 tonnes in November this year, from 2,08,076 tonnes in the year-
earlier month. "Overall share of palm oil products has narrowed down to 69% from 84% of the total
vegetable oils imports. The share of soft oils import, however, has increased to 31% from 16% last
year " it said
Date : Wednesday, December 24, 2014 URL : www.achiieversequitiesltd.com Page No -
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Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of
crude, blaming non-OPEC producers for the glut of oil that’s driven prices to the lowest in five years.
Suppliers from outside the Organization of Petroleum Exporting Countries should cut “irresponsible”
output, U.A.E. Energy Minister Suhail Al Mazrouei said in Abu Dhabi yesterday. Even if non-OPEC
producers were to offer cuts, OPEC probably wouldn’t follow suit, Saudi Oil Minister Ali Al-Naimi said.
The two countries account for about 40 percent of OPEC supply. Oil fell about 20 percent since OPEC
chose to maintain its production target at a Nov. 27 meeting, seeking to defend market share rather
than prices. The highest U.S. crude output in at least three decades is contributing to a glut that
Qatar estimates at 2 million barrels a day. Saudi Arabia is confident prices will rebound as economic
growth boosts demand and “inefficient producers” trim output, Al-Naimi said. “OPEC’s recent decision
to leave production targets unchanged now places greater pressure on non-OPEC output to rebalance
an oversupplied market,” analysts from ANZ Banking Group Ltd. including Melbourne-based Mark
Pervan wrote in an e-mailed report. “Expanded production by all OPEC members next year would
likely cause sharper falls in prices.” OPEC produced more than its 30 million-barrel daily target in each
of the past six months.
Wed
German Bank Holiday
Unemployment Claims
Crude Oil Inventories
Natural Gas Storage
0
0
0
NEWS YOU CAN USE DAY TIME ZONE ECONOMICAL DATA EXP
9. Date : Wednesday, December 24, 2014 URL : www.achiieversequitiesltd.com Page No - 9