I Prateekj16 18july

RESEARCH VIA

DAILY COMMODITY REPORT

2813.05.2013

Precious Metals
G

SILVER

GOLD

D A I L Y

B U Z Z

MCX Gold dropped 2.5 percent to a two-week low on Friday, on track for its biggest one-day drop since mid-April, as a breach of key chart levels prompted heavy selling of U.S. futures, already pressured by a stronger dollar. Traders said sell stops - automatic sale orders placed by traders at pre-set levels to limit losses were triggered as the metal broke support at $1,445 and $1,440 an ounce, prompting a sharp move down to session lows at $1,428.40 an ounce. Spot gold fell as low as $1,420.60 an ounce and was down 2.4 percent at $1,422.75 an ounce at 1435 GMT, while U.S. gold futures for June delivery were down 3.2 percent at $1,422. The metal plunged to $1,321.35 an ounce on April 16, its lowest in more than two years, after similar stop-sell orders below $1,525 triggered heavy liquidation. The dollar hit a 4-1/2 year high against the yen and was also at a two-week low against a basket of currencies. In other markets, European shares hit five-year highs and U.S. crude fell 2.4 percent. Rising optimism over the U.S. recovery has also boosted the appeal of assets like stocks at gold's expense, and has called into question the scope of the Federal Reserve's quantitative easing programme, a major support to bullion in recent years.

Base Metals & Energy

-

COPPER
PAGE 1

CRUDE OIL

D A I L Y

B U Z Z

Crude oil futures prices rose by 0.40 per cent to Rs 5,229 per barrel today as speculators created fresh positions amid a firm trend in Asia. At the Multi Commodity Exchange, crude oil for delivery in May gained Rs 21, or 0.40 per cent, to Rs 5,229 per barrel, with a business turnover of 12,394 lots. The oil for the June delivery moved up by Rs 19, or 0.36 per cent, to Rs 5,257 per barrel, with a business volume of 1,721 lots. Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia as a surprise rise in German industrial production brightened the market's outlook for European and global growth. Meanwhile, crude oil for the June delivery advanced by five cents to $ 96.97 a barrel on the New York Mercantile Exchange.

Agro Outlook
CHANA DHANIYA

DHANIYA

D A I L Y

B U Z Z

Cardamom prices edged higher 0.65 per cent to Rs 792.70 per kg in futures trading today as speculators enlarged positions, supported by rising demand in the spot market against tight supplies from producing belts. At the Multi Commodity Exchange, cardamom for delivery in June gained Rs 5.10, or 0.65 per cent, to Rs 792.70 per kg in business turnover of 190 lots. Similarly, the spice for delivery in May contracts edged up by Rs 2.10, or 0.28 per cent, to Rs 765.70 per kg in 173 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

26987 45230 5249 410.65 850.70 214.00 110.15 101.95 102.50

CLOSING PRICE

UP UP UP UP UP DOWN UP UP UP
TREND

26836 45117 5166 408.22 845.77 213.07 109.25 101.58 102.03

S2

26912 45173 5208 409.43 848.23 213.53 109.70 101.77 102.27

S1

26963 45273 5246 410.22 849.47 214.07 110.05 101.88 102.38

PIVOT POINT

27039 45329 5288 411.43 851.93 214.53 110.50 102.07 102.62

R1

27090 45429 5326 412.22 853.17 215.07 110.85 102.18 102.73

R2

CHANA JEERA RM SEED PEPPER SOYA REF OIL SOYBEAN TURMERIC

3380 13062.5 3511 36390 695.5 3900 5846

UP DOWN UP DOWN UP DOWN UP

3335 12774 3426 36263 686.57 3825 5650

3357 12918 3469 36327 691.03 3863 5748

3398 12994 3491 36363 693.47 3881 5880

3420 13138 3534 36427 697.93 3919 5978

3461 13214 3556 36463 700.37 3937 6110

Country
USD USD

Data/Event
Core Retail Sales m/m Retail Sales m/m

Previous
-0.4% -0.4%

Forecast
-0.1% -0.3%

Time of Release (IST)

6.00 P.M 6.00 P.M

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