daily report commodities
DESCRIPTION
Gold prices edged higher in Asia on Wednesday as investors looked ahead to events surrounding Greece's debt bailout package.Greece's left-wing government expressed confidence on Tuesday that parliament would approve a debt deal with lenders, despite an angry reaction from some of its own lawmakers, Reuters reported.Concessions offered by Prime Minister Alexis Tsipras, including hikes to tax and pension contributions, garnered a cautious welcome from euro zone leaders but triggered a furious reaction from some leftists in the ruling Syriza party.On the Comex division of the New York Mercantile Exchange, gold for August delivery frose 0.10% to $1,177.80 a troy ounce.TRANSCRIPT
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COMMODITY SUMMARY 24.06.15
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Market Highlight
Gold prices edged higher in Asia on
Wednesday as investors looked ahead to
events surrounding Greece's debt bailout
package.
Greece's left-wing government expressed
confidence on Tuesday that parliament
would approve a debt deal with lenders,
despite an angry reaction from some of its
own lawmakers, Reuters reported.
Concessions offered by Prime Minister
Alexis Tsipras, including hikes to tax and
pension contributions, garnered a cautious
welcome from euro zone leaders but
triggered a furious reaction from some
leftists in the ruling Syriza party.
On the Comex division of the New York
Mercantile Exchange, gold for August
delivery froze 0.10% to $1,177.80 a troy
ounce.
Natural gas prices rebounded from the
previous session's two-week low on
Tuesday, as investors focused on near-term
weather forecasts to gauge the strength of
demand for the fuel.
Prices were also boosted amid speculation
utilities and power generators will switch
from coal to natural gas in wake of the
recent slide in prices.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26443 26520 26660 26737 26877
GOLD MINI 26323 26401 26538 26616 26753
SILVER 35353 35646 36183 36476 37013
SILVER MINI 35333 35641 36211 36519 37089
COPPER 358.7 362.9 366.1 370.3 373.5
NICKEL 786.33 801.6 810.2 825.5 834.1
LEAD 110.8 112.1 113.1 114.4 115.4
ZINC 127.5 128.92 129.8 131.3 132.2
ALUMINIUM 105.7 106.60 107.4 108.4 109.2
N. GAS 169.7 171.8 174.8 176.9 179.9
CRUDE OIL 3769 3839 3880 3950 3991
MENTHAOIL 1022.7 1036.8 1061.1 1075.2 1099.5
CPO 444.9 446.5 448.6 450.2 452.3
CARDAMOM 799.2 807.3 812.3 820.4 825.4
COTTON 15380.0 15490.0 15620.0 15730.0 15860.0
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Aug-15 5.00% 26,59,700 1,32,985
GOLDM 03-Jul-15 5.00% 2,64,780 13,239
SILVER 03-Jul-15 5.00% 10,78,140 53,907
SILVERM 30-Jun-15 5.00% 1,79,750 8,988
COPPER 30-Jun-15 5.00% 3,67,150 18,358
NICKEL 30-Jun-15 6.00% 2,04,200 12,252
LEAD 30-Jun-15 5.23% 5,66,750 29,641
ZINC 30-Jun-15 5.00% 6,51,750 32,588
ALUMINIUM 30-Jun-15 5.00% 5,37,750 26,888
NATURALGAS 25-Jun-15 8.88% 2,17,375 19,303
CRUDEOIL 20-Jul-15 6.53% 3,91,000 25,532
MENTHAOIL 30-Jun-15 20.70% 3,78,360 78,321
CPO 30-Jun-15 5.00% 4,48,000 22,400
CARDAMOM 15-Jul-15 5.00% 81,540 4,077
COTTON 30-Jun-15 8.00% 3,90,000 31,200