daily report commodities
DESCRIPTION
Asian spot liquefied natural gas (LNG) prices for August delivery continued to slide as Japanese demand evaporated and stocks across the region rose.Major new supply tenders also kept up pressure on prices.The price of Asian spot cargoes slid to $7.30 per million British thermal units (mmBtu), compared with around $7.40 per mmBtu last week.The world's top LNG consumers, Japanese utilities, largely expected to avoid spot buying until winter at least. Terminal stocks were near tank-top levels and gas demand was sapped by mild temperatures and competing power-generation sources, industry sources said.TRANSCRIPT
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COMMODITY SUMMARY 19.06.15
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Market Highlight
Gold futures were higher during the U.S. session on Thursday. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at USD1201.60 a troy ounce at time of writing up 2.11%. Earlier, it traded at a session high USD1205.50 a troy ounce. Gold was likely to find support at USD1171.90 and resistance at USD1205.50. US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.30% to trade at USD94.19.
Crude oil futures were lower in Asian trading hours on Friday. On the New York Mercantile Exchange, Crude oil futures for August delivery traded at USD60.78 a barrel at time of writing down 0.06%.
Earlier, it traded at a session low USD60.68 a barrel. Crude oil was likely to find support at USD59.19 and resistance at USD61.81. US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.03% to trade at USD94.18. Elsewhere on the ICE, Brent oil for August delivery gained 0.03% to trade at USD64.19 a barrel, with the spread between the Brent oil and Crude oil contracts stood at USD3.41 a barrel.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26767 26962 27103 27298 27439
GOLD MINI 26610 26821 26970 27181 27330
SILVER 36433 36662 37072 37301 37711
SILVER MINI 36455 36683 37085 37313 37715
COPPER 362.2 364.4 368.7 371.0 375.3
NICKEL 795.77 802.7 815.1 822.0 834.4
LEAD 113.1 113.7 114.9 115.6 116.8
ZINC 129.4 130.25 132.0 132.9 134.7
ALUMINIUM 105.5 106.10 107.2 107.9 109.0
N. GAS 172.2 174.7 179.2 181.7 186.2
CRUDE OIL 3739 3793 3836 3890 3933
MENTHAOIL 1047.8 1079.4 1097.9 1129.5 1148.0
CPO 448.0 449.2 450.9 452.1 453.8
CARDAMOM 787.8 797.1 803.0 812.3 818.2
COTTON 15893.3 15926.7 15963.3 15996.7 16033.3
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Aug-15 5.00% 27,15,600 1,35,780
GOLDM 03-Jul-15 5.00% 2,70,310 13,516
SILVER 03-Jul-15 5.00% 11,06,760 55,338
SILVERM 30-Jun-15 5.00% 1,84,560 9,228
COPPER 30-Jun-15 5.00% 3,66,650 18,333
NICKEL 30-Jun-15 6.00% 2,02,425 12,146
LEAD 30-Jun-15 5.27% 5,72,000 30,144
ZINC 30-Jun-15 5.00% 6,55,750 32,788
ALUMINIUM 30-Jun-15 5.00% 5,33,750 26,688
NATURALGAS 25-Jun-15 9.05% 2,21,500 20,046
CRUDEOIL 19-Jun-15 6.76% 3,84,600 25,999
MENTHAOIL 30-Jun-15 17.51% 3,99,960 70,033
CPO 30-Jun-15 5.00% 4,50,300 22,515
CARDAMOM 15-Jul-15 5.00% 80,650 4,033
COTTON 30-Jun-15 5.00% 3,99,000 19,950