daily report commodities
DESCRIPTION
Crude futures rose sharply on Wednesday, amid dwindling U.S. stockpiles and slowing production which helped ease longstanding concerns of oversupply.On the New York Mercantile Exchange, WTI crude for July delivery gained 0.98 or 1.66% to $58.95 a barrel, halting a short two-day skid.Texas Long Sweet futures rebounded on Wednesday, one session after plunging nearly 3.75% as record supply levels in Saudi Arabia coupled with a stronger dollar, led to the sell-off.On the Intercontinental Exchange (ICE), brent crude for July delivery rose 0.97 or 1.52% to 64.99 a barrel. Brent is still down significantly from its peak on May 6 when it reached a five-month high at 70.36. The spread between the U.S. and international benchmarks of crude stood at 6.04, down one cent from Tuesday's level of 6.05.TRANSCRIPT
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COMMODITY SUMMARY 21.05.15
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Market Highlight
Gold and copper prices gained in Asia
on Thursday after a slightly upbeat
HSBC China manufacturing survey.
In China, the May HSBC flash
manufacturing PMI rose to 49.1, up
slightly from a disappointing one-year
low of 48.9 in April. The output index
fell to 48.4 in the HSBC May survey, a
13-month-low.
Crude futures rose sharply on
Wednesday, amid dwindling U.S.
stockpiles and slowing production
which helped ease longstanding
concerns of oversupply.
On the New York Mercantile Exchange,
WTI crude for July delivery gained 0.98
or 1.66% to $58.95 a barrel, halting a
short two-day skid.
On the Intercontinental Exchange (ICE),
brent crude for July delivery rose 0.97
or 1.52% to 64.99 a barrel. Brent is still
down significantly from its peak on May
6 when it reached a five-month high at
70.36. The spread between the U.S. and
international benchmarks of crude stood
at 6.04, down one cent from Tuesday's
level of 6.05.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 27100 27192 27278 27370 27456
GOLD MINI 27126 27213 27291 27378 27456
SILVER 38639 38965 39257 39583 39875
SILVER MINI 38646 38976 39283 39613 39920
COPPER 397.8 399.3 401.2 402.7 404.7
NICKEL 810.20 822.0 828.9 840.7 847.6
LEAD 121.1 122.0 122.8 123.7 124.5
ZINC 138.3 139.20 140.8 141.8 143.4
ALUMINIUM 110.8 111.33 112.2 112.7 113.6
N. GAS 180.6 183.3 188.1 190.8 195.6
CRUDE OIL 3695 3735 3765 3805 3835
MENTHAOIL 909.2 914.9 922.1 927.8 935.0
CPO 439.9 444.3 446.9 451.3 453.9
CARDAMOM 805.6 814.0 819.4 827.8 833.2
COTTON 15980.0 16060.0 16150.0 16230.0 16320.0
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Jun-2015 5.00 2729600.00 136480.00
GOLDM 05-Jun-2015 5.00 273090.00 13654.50
SILVER 03-Jul-2015 5.50 1178280.00 64803.83
SILVERM 30-Jun-2015 5.51 196420.00 10826.77
COPPER 30-Jun-2015 5.00 402450.00 20122.50
NICKEL 29-May-2015 7.55 207700.00 15672.82
LEAD 29-May-2015 6.11 618000.00 37751.53
ZINC 29-May-2015 5.00 713500.00 35675.00
ALUMINIUM 29-May-2015 5.00 564000.00 28200.00
NATURALGAS 26-May-2015 7.67 237125.00 18191.49
CRUDEOIL 19-Jun-2015 7.25 373700.00 27096.31
MENTHAOIL 29-May-2015 7.20 332352.00 23942.33
CPO 29-May-2015 5.00 443300.00 22165.00
CARDAMOM 15-Jun-2015 7.06 81770.00 5773.82
COTTON 29-May-2015 5.00 404250.00 20212.50