daily report commodities
DESCRIPTION
Gold prices held steady in Asia on Wednesday as investors looked ahead to Greece and renewed signals that a Federal Reserve rate hike is possible this year.On the Comex division of the New York Mercantile Exchange, gold for August delivery was mostly flat at $1,187.70 a troy ounce, down 0.02%.Elsewhere, silver for July delivery gained 0.06% to $16.728 a troy ounce.Copper for July delivery was flat at $2.777 a pound.Overnight, gold futures fell sharply on Tuesday following the Memorial Day holiday weekend, as a wave of optimistic U.S. economic data pushed the dollar to its highest level in four weeks.TRANSCRIPT
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COMMODITY SUMMARY 27.05.15
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Market Highlight
Gold prices held steady in Asia on
Wednesday as investors looked ahead to
Greece and renewed signals that a Federal
Reserve rate hike is possible this year.
On the Comex division of the New York
Mercantile Exchange, gold for August
delivery was mostly flat at $1,187.70 a troy
ounce, down 0.02%.
Elsewhere, silver for July delivery gained
0.06% to $16.728 a troy ounce. Copper for
July delivery was flat at $2.777 a pound.
Overnight, gold futures fell sharply on
Tuesday following the Memorial Day
holiday weekend, as a wave of optimistic
U.S. economic data pushed the dollar to its
highest level in four weeks.
Crude oil prices rose slightly on Wednesday
with industry data ahead of U.S. stockpiles
last week and geopolitical tension keeping
the tone firm despite ample supplies.
The American Petroleum Institute will
release figures on refined products and
crude in U.S. stockpiles last week, data
delayed a day because of a public holiday.
On Thursday, the U.S. Department of
Energy will release its own, more closely-
watched, figures.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26650 26771 26983 27104 27316
GOLD MINI 26666 26792 27009 27135 27352
SILVER 37857 38183 38651 38977 39445
SILVER MINI 37833 38181 38658 39006 39483
COPPER 389.8 392.1 396.4 398.7 402.9
NICKEL 790.90 802.6 815.3 827.0 839.7
LEAD 121.4 122.5 123.6 124.7 125.8
ZINC 137.6 138.50 139.3 140.3 141.1
ALUMINIUM 108.8 109.47 110.4 111.1 112.0
N. GAS 179.4 181.0 183.2 184.8 187.0
CRUDE OIL 3682 3731 3811 3860 3940
MENTHAOIL 902.7 910.9 920.9 929.1 939.1
CPO 450.3 451.5 453.3 454.5 456.3
CARDAMOM 811.4 821.3 833.2 843.1 855.0
COTTON 15610.0 15800.0 15990.0 16180.0 16370.0
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Jun-2015 5.00 2689200.00 134460.00
GOLDM 05-Jun-2015 5.00 269170.00 13458.50
SILVER 03-Jul-2015 5.00 1155300.00 57765.00
SILVERM 30-Jun-2015 5.00 192645.00 9632.25
COPPER 30-Jun-2015 5.00 394400.00 19720.00
NICKEL 29-May-2015 6.73 203575.00 13694.38
LEAD 29-May-2015 5.63 618250.00 34813.85
ZINC 29-May-2015 5.00 697250.00 34862.50
ALUMINIUM 29-May-2015 5.00 550750.00 27537.50
NATURALGAS 25-Jun-2015 7.32 228125.00 16689.98
CRUDEOIL 19-Jun-2015 7.05 372500.00 26266.10
MENTHAOIL 29-May-2015 7.43 330876.00 24574.21
CPO 29-May-2015 5.00 452800.00 22640.00
CARDAMOM 15-Jun-2015 6.57 83130.00 5465.51
COTTON 29-May-2015 5.00 399750.00 19987.50