daily report commodities
DESCRIPTION
Copper prices bounced off a three-month low on Monday, as European leaders prepared to hold last ditch talks on a deal to prevent Greece from defaulting after Athens submitted new proposals, breaking a deadlock with its creditors.Appetite for riskier assets improved after Greece submitted a new package of economic reforms on Sunday night, indicating that it is prepared to make concessions to break a deadlock to unlock €7.2 billion in funds.European leaders are to hold emergency talks in Brussels on Monday about Greece’s bailout agreement, which is due to expire on June 30.TRANSCRIPT
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COMMODITY SUMMARY 23.06.15
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Market Highlight
Gold prices fell to the lowest levels of
the session on Monday, adding to losses
after data showed that U.S. existing
home sales in May rose to the highest
level since November 2009.
Gold futures for August delivery on the
Comex division of the New York
Mercantile Exchange lost $19.30, or
1.61%, to trade at $1,182.60 a troy
ounce during U.S. morning hours.
Futures were likely to find support at
$1,171.90, the low from June 15, and
resistance at $1,208.90, the high from
May 26.
The National Association of Realtors
said that existing home sales increased
5.1% to 5.35 million units last month
from 5.09 million in April. Analysts had
expected existing home sales to rise
4.4% to 5.26 million units in May.
Crude oil futures were lower during the
Asian session on Tuesday.
On the New York Mercantile
Exchange, Crude oil futures for August
delivery traded at USD60.00 a barrel at
time of writing down 0.63%.
Earlier, it traded at a session low
USD59.99 a barrel. Crude oil was likely
to find support at USD59.24 and
resistance at USD61.33.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26449 26576 26807 26934 27165
GOLD MINI 26329 26459 26700 26830 27071
SILVER 36220 36478 36689 36947 37158
SILVER MINI 36242 36493 36706 36957 37170
COPPER 357.5 358.9 360.7 362.1 364.0
NICKEL 777.07 784.1 796.3 803.3 815.5
LEAD 110.2 110.9 112.0 112.6 113.7
ZINC 127.2 128.00 129.1 130.0 131.1
ALUMINIUM 104.9 105.53 106.0 106.6 107.1
N. GAS 169.8 171.5 174.4 176.1 179.0
CRUDE OIL 3734 3770 3820 3856 3906
MENTHAOIL 1054.2 1072.3 1093.5 1111.6 1132.8
CPO 445.5 447.4 448.7 450.6 451.9
CARDAMOM 792.2 798.6 803.4 809.8 814.6
COTTON 15543.3 15646.7 15713.3 15816.7 15883.3
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Aug-15 5.00% 2670200 133510
GOLDM 03-Jul-15 5.00% 265890 13295
SILVER 03-Jul-15 5.00% 1102080 55104
SILVERM 30-Jun-15 5.00% 183725 9186
COPPER 30-Jun-15 5.00% 360300 18015
NICKEL 30-Jun-15 6.00% 197800 11868
LEAD 30-Jun-15 5.19% 557500 28934
ZINC 30-Jun-15 5.00% 644250 32213
ALUMINIUM 30-Jun-15 5.00% 531000 26550
NATURALGAS 25-Jun-15 9.17% 216500 19853
CRUDEOIL 20-Jul-15 6.27% 380700 23870
MENTHAOIL 30-Jun-15 17.16% 392580 67367
CPO 30-Jun-15 5.00% 449300 22465
CARDAMOM 15-Jul-15 5.00% 80500 4025
COTTON 30-Jun-15 5.00% 393750 19688