daily report commodities
DESCRIPTION
Natural gas futures were higher in U.S. trade on Wednesday.On the New York Mercantile Exchange, Natural gas futures for July delivery traded at USD2.897 per million British thermal units at time of writing up 1.77%.Earlier, it traded at a session high USD2.920 per million British thermal units. Natural gaswas likely to find support at USD2.581 and resistance at USD2.920.US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.55% to trade at USD94.64.TRANSCRIPT
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COMMODITY SUMMARY 11.06.15
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Market Highlight
Crude oil futures fell early on Thursday
as the World Bank cut its global
economic growth forecast, ending a
two-day rally triggered by a sharp U.S.
inventory drawdown.
In its twice-yearly Global Economic
Prospects report, the World Bank
predicted the global economy would
expand 2.8 percent this year, below its 3
percent outlook in January, with India
recording the biggest growth of major
economies for the first time, ahead of
slowing China.
Front-month Brent crude oil prices
LCOc1 were down 25 cents at $65.45 a
barrel by 0247 GMT. U.S. crude CLc1
was 33 cents lower at $61.10 a barrel.
Gold futures were higher during the
U.S. session on Wednesday.
On the Comex division of the New York
Mercantile Exchange, Gold futures for
August delivery traded at USD1186.20 a
troy ounce at time of writing up 0.73%.
Earlier, it traded at a session high
USD1191.80 a troy ounce. Gold was
likely to find support at USD1162.10
and resistance at USD1191.80.
US Dollar Index, which tracks the
performance of the greenback versus a
basket of six other major currencies, fell
0.56% to trade at USD94.64.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26725 26848 26960 27083 27195
GOLD MINI 26618 26734 26846 26962 27074
SILVER 36336 36534 36881 37079 37426
SILVER MINI 36320 36531 36884 37095 37448
COPPER 380.8 384.4 387.8 391.5 394.9
NICKEL 847.23 856.1 865.0 873.9 882.8
LEAD 120.6 121.7 123.6 124.6 126.5
ZINC 134.6 135.80 137.9 139.1 141.2
ALUMINIUM 110.0 110.40 111.2 111.7 112.5
N. GAS 178.4 181.8 184.4 187.8 190.4
CRUDE OIL 3819 3853 3904 3938 3989
MENTHAOIL 970.8 977.4 987.6 994.2 1004.4
CPO 455.1 456.3 458.1 459.3 461.1
CARDAMOM 772.0 786.2 794.4 808.6 816.8
COTTON 16213.3 16276.7 16313.3 16376.7 16413.3
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Aug-2015 5.00 2686800.00 134340.00
GOLDM 03-Jul-2015 5.00 267540.00 13377.00
SILVER 03-Jul-2015 5.00 1105890.00 55294.50
SILVERM 30-Jun-2015 5.00 184365.00 9218.25
COPPER 30-Jun-2015 5.00 385100.00 19255.00
NICKEL 30-Jun-2015 6.00 214450.00 12867.00
LEAD 30-Jun-2015 5.11 617250.00 31561.44
ZINC 30-Jun-2015 5.00 693500.00 34675.00
ALUMINIUM 30-Jun-2015 5.00 554250.00 27712.50
NATURALGAS 25-Jun-2015 9.01 228125.00 20544.13
CRUDEOIL 19-Jun-2015 7.96 385400.00 30682.17
MENTHAOIL 30-Jun-2015 7.19 354204.00 25481.97
CPO 30-Jun-2015 5.00 460700.00 23035.00
CARDAMOM 15-Jun-2015 6.77 79390.00 5372.26
COTTON 30-Jun-2015 5.00 408750.00 20437.50