daily report commodities
DESCRIPTION
Natural gas futures were higher in U.S. trade on Monday.On the New York Mercantile Exchange, Natural gas futures for August delivery traded at USD2.825 per million British thermal units at time of writing up 2.00%.Earlier, it traded at a session high USD2.841 per million British thermal units. Natural gas was likely to find support at USD2.733 and resistance at USD2.869.US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.55% to trade at USD95.08.TRANSCRIPT
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COMMODITY SUMMARY 30.06.15
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Market Highlight
Gold prices jumped to a one-week high
on Monday, as Greece looked set to
default on its debt repayment this week,
boosting demand for safe-haven assets.
Gold futures for August delivery on the
Comex division of the New York
Mercantile Exchange hit an intraday
peak of $1,187.30, the highest since
June 22, before trading at $1,183.40
during U.S. morning hours, up $10.20,
or 0.88%.
Futures were likely to find support at
$1,167.10, the low from June 26, and
resistance at $1,200.80, the high from
June 22.
Greeces bailout is due to expire on
Tuesday, the same day that Athens is
due to repay 1.6 billion to the IMF, but
without a rescue package in place
Greece will almost certainly default.
Oil futures hovered below three-week
lows on Tuesday after Greeks took to
the streets to protest against austerity
following a bank shutdown, keeping
investors away from riskier assets and
putting Brent crude on course for a
second month of declines.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26432 26551 26710 26829 26988
GOLD MINI 26307 26407 26562 26662 26817
SILVER 35403 35628 36029 36254 36655
SILVER MINI 35410 35641 36041 36272 36672
COPPER 365.7 368.1 371.4 373.8 377.2
NICKEL 716.80 733.0 760.5 776.7 804.2
LEAD 110.6 111.6 112.2 113.1 113.7
ZINC 127.1 127.87 128.6 129.4 130.1
ALUMINIUM 103.9 104.77 105.6 106.5 107.4
N. GAS 173.5 177.3 179.7 183.5 185.9
CRUDE OIL 3678 3706 3752 3780 3826
MENTHAOIL 1023.4 1040.3 1051.1 1068.0 1078.8
CPO 451.5 452.0 452.5 453.0 453.5
CARDAMOM 801.7 812.7 823.8 834.8 845.9
COTTON 15710.0 15820.0 15930.0 16040.0 16150.0
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Aug-15 5.00% 26,67,100 1,33,355
GOLDM 03-Jul-15 5.00% 2,65,080 13,254
SILVER 03-Jul-15 5.00% 10,75,620 53,781
SILVERM 30-Jun-15 5.00% 1,79,365 8,968
COPPER 30-Jun-15 5.00% 3,70,500 18,525
NICKEL 30-Jun-15 7.39% 1,87,300 13,841
LEAD 30-Jun-15 5.00% 5,62,750 28,138
ZINC 30-Jun-15 5.00% 6,43,000 32,150
ALUMINIUM 30-Jun-15 5.00% 5,28,250 26,413
NATURALGAS 28-Jul-15 8.51% 2,26,500 19,275
CRUDEOIL 20-Jul-15 6.30% 3,73,500 23,531
MENTHAOIL 30-Jun-15 32.23% 3,80,556 1,22,653
CPO 30-Jun-15 5.00% 4,52,400 22,620
CARDAMOM 15-Jul-15 5.00% 82,380 4,119
COTTON 30-Jun-15 20.00% 3,98,250 79,650