daily report commodities
DESCRIPTION
China's National Bureau of Statistics said falling vegetable and egg prices dragged the CPI down by 0.39 percentage points.On the Comex division of the New York Mercantile Exchange, gold for August delivery rose 0.09% to $1,174.70 a troy ounce. China and India vie as the world's top buyers of gold.Silver for July delivery gained 0.26% to $16.00 a troy ounce.But copper for July delivery eased 0.01% to $2.702 a pound as the data pointed to weak demand fromt he world's top buyer of the industrial metal.Overnight, gold futures ticked up on Monday rebounding from three-month low's at the end of last week, as the dollar retreated from a strong rally on Friday.TRANSCRIPT
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COMMODITY SUMMARY 09.06.15
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Market Highlight
Crude oil prices gained in Asia on Tuesday
with investors noting the scope for China to
ease monetary policy further after weak
price data and ahead of U.S. supply data.
Chinese consumer prices fell 0.2% in May,
weaker than the flat reading expected, while
producer prices edged down 4.6%, also
weaker than the 4.5% decline seen.
The data has been volatile of late and thus
waning in importance as to market
direction, but the People's Bank of China
will take note with some policy reaction
possible.
China's National Bureau of Statistics said
falling vegetable and egg prices dragged the
CPI down by 0.39 percentage points.
On the Comex division of the New York
Mercantile Exchange, gold for August
delivery rose 0.09% to $1,174.70 a troy
ounce. China and India vie as the world's
top buyers of gold.
Silver for July delivery gained 0.26% to
$16.00 a troy ounce.
But copper for July delivery eased 0.01% to
$2.702 a pound as the data pointed to weak
demand from he world's top buyer of the
industrial metal.
Overnight, gold futures ticked up on Monday rebounding from three-month lows at the end of last week, as the dollar retreated from a strong rally on Friday.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26672 26733 26787 26848 26902
GOLD MINI 26560 26626 26688 26754 26816
SILVER 36499 36680 36950 37131 37401
SILVER MINI 36457 36664 36987 37194 37517
COPPER 379.9 381.7 383.1 384.9 386.3
NICKEL 830.80 845.0 854.3 868.5 877.8
LEAD 120.8 121.7 122.8 123.7 124.8
ZINC 135.7 136.52 137.2 138.0 138.6
ALUMINIUM 109.6 110.18 110.7 111.3 111.8
N. GAS 164.9 169.1 171.7 175.9 178.5
CRUDE OIL 3669 3700 3749 3780 3829
MENTHAOIL 937.4 949.7 957.4 969.7 977.4
CPO 452.8 455.6 460.3 463.1 467.8
CARDAMOM 748.6 762.1 781.5 795.0 814.4
COTTON 16030.0 16140.0 16230.0 16340.0 16430.0
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Aug-2015 5.00 2679500.00 133975.00
GOLDM 03-Jul-2015 5.00 266930.00 13346.50
SILVER 03-Jul-2015 5.00 1105830.00 55291.50
SILVERM 30-Jun-2015 5.00 184355.00 9217.75
COPPER 30-Jun-2015 5.00 383550.00 19177.50
NICKEL 30-Jun-2015 6.00 214800.00 12888.00
LEAD 30-Jun-2015 5.23 612500.00 32021.99
ZINC 30-Jun-2015 5.00 686500.00 34325.00
ALUMINIUM 30-Jun-2015 5.00 553750.00 27687.50
NATURALGAS 25-Jun-2015 7.89 216500.00 17086.17
CRUDEOIL 19-Jun-2015 7.64 373100.00 28523.26
MENTHAOIL 30-Jun-2015 7.13 346356.00 24687.44
CPO 30-Jun-2015 5.00 458500.00 22925.00
CARDAMOM 15-Jun-2015 6.64 77550.00 5146.39
COTTON 30-Jun-2015 5.00 406250.00 20312.50