I Prateekj16 18july

RESEARCH VIA

DAILY COMMODITY REPORT

2803.05.2013

Precious Metals
G

SILVER

GOLD

Gold prices plunged below the Rs 27,000 per 10 grams level at the bullion market here today on consistent selling from stockists in the wake of extremely bearish global sentiment. Silver also dropped sharply following heavy unwinding by speculators as well as subdued jewellery demand. Standard Gold of 99.5 per cent purity shed Rs 245 to conclude at Rs 26,905 per 10 gms from Tuesday's closing level of Rs 27,150. Pure gold of 99.9 per cent purity also lost by a similar margin to end at Rs 27,040 per 10 gm from Rs 27,285. MCX Silver ready (.999 fineness) tanked by Rs 785 to end at Rs 45,540 per kg compared to Rs 46,325 previously

D A I L Y

B U Z Z

Base Metals & Energy

-

COPPER

CRUDE OIL

D A I L Y

B U Z Z

MCX Copper fell on Friday, after two days of gains, as some investors booked profits ahead of a holiday in China next week and others awaited U.S. growth data later in the session. Three-month copper on the London Metal Exchange was $7,100 a tonne in official rings, after earlier reaching $7,258 a tonne, its highest since April 17. European shares and oil prices fell too, but are also set to end what looks to be their best week since November. "The big event of the day is going to be the U.S. GDP figure, which we will be waiting for. There's also a lot of holiday next week in China, so there would have been some profit taking." China's markets will be closed on Monday, Tuesday and Wednesday next week for Labour Day holidays. Copper has rebounded from one-and-a-half-year lows at $6,762.25 a tonne on Tuesday and was set to close the week up around 2 percent, but is still down 10 percent for the year

Agro Outlook
CHANA DHANIYA

DHANIYA

D A I L Y

B U Z Z

Chana prices rose by 1.19 per cent to Rs 3,473 per quintal in futures trade on Thursday as the traders enlarged their holdings on some lower-level demand in spot markets on pick-up in demand. Rise in supplies from the new season crop and expectations of higher output limited the gains. At the National Commodity and Derivatives Exchange , chana for May delivery rose by Rs 41, or 1.19 per cent, to Rs 3,473 per quintal, with an open interest of 78,630 lots. Similarly, chana for delivery in June higher by Rs 39, or 1.11 per cent, to Rs 3,547 per quintal, with an open interest of 91,320 lots.
Coriander prices fell by Rs 106 to Rs 6,771 per quintal in futures trade today on subdued spot market demand against excess supplies. The falling trend further supported by profit booking by the traders at higher levels. At the Multi Commodity Exchange, coriander for delivery in May fell by Rs 106, or 1.54 per cent, to Rs 6,771 per quintal with an open interest of 18,220 lots. The spice of May delivery declined by Rs 101, or 1.45 per cent, to Rs 6,880 per quintal, with open interest of 22,850 lots.

Market Statistics
M ETALS & ENERGY
COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2

GOLD SILVER CRUDE OIL COPPER NICKEL NATURAL GAS LEAD ZINC ALLUMINIUM
COMMODITY

26914 44541 5017 372.15 794.90 217.90 104.80 97.90 97.30

CLOSING PRICE

DOWN DOWN UP DOWN DOWN DOWN DOWN DOWN DOWN

TREND

26362 42847 4812 363.68 778.97 205.43 102.37 96.10 95.53

S2

26638 43694 4915 367.92 786.93 211.67 103.58 97.00 96.42

S1

26819 44445 4972 371.63 795.47 223.33 105.47 98.25 97.53

PIVOT POINT

27095 45292 5075 375.87 803.43 229.57 106.68 99.15 98.42

R1 R2

27276 46043 5132 379.58 811.97 241.23 108.57 100.40 99.53

CHANA SOYA BEAN JEERA PEPPER TURMERIC RM SEED SOYA REF OIL

3465 3914 12805 35650 6300 3423 717.4

UP DOWN UP DOWN UP DOWN UP

3411 3809 12458 34817 6156 3395 709.83

3438 3862 12632 35233 6228 3409 713.62

3461 3903 12806 35867 6334 3427 715.98

3488 3956 12979 36283 6406 3441 719.77

3511 3997 13153 36917 6512 3459 722.13

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