daily report commodities
DESCRIPTION
Gold futures were higher during the U.S. session on Tuesday.On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at USD1193.90 a troy ounce at time of writing up 0.44%.Earlier, it traded at a session high USD1196.30 a troy ounce. Gold was likely to find support at USD1180.20 and resistance at USD1204.70.US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 1.74% to trade at USD95.83.TRANSCRIPT
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COMMODITY SUMMARY 03.06.15
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Market Highlight
Gold futures were higher during the U.S. session on Tuesday. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at USD1193.90 a troy ounce at time of writing up 0.44%. Earlier, it traded at a session high USD1196.30 a troy ounce. Gold was likely to find support at USD1180.20 and resistance at USD1204.70. US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 1.74% to trade at USD95.83.
Crude oil futures were lower during the Asian session on Wednesday.
On the New York Mercantile Exchange, Crude oil futures for July delivery traded at USD60.91 a barrel at time of writing down 0.57%. Earlier, it traded at a session low USD60.88 a barrel. Crude oil was likely to find support at USD57.72 and resistance at USD61.58. US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.10% to trade at USD95.90. Elsewhere on the ICE, Brent oil for July delivery shed 0.47% to trade at USD65.22 a barrel, with the spread between the Brent oil and Crude oil contracts stood at USD4.31 a barrel.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26538 26694 26797 26953 27056
GOLD MINI 26639 26748 26838 26947 27037
SILVER 38016 38231 38391 38606 38766
SILVER MINI 37950 38206 38380 38636 38810
COPPER 383.5 385.3 386.9 388.7 390.3
NICKEL 815.07 824.1 831.8 840.8 848.5
LEAD 121.1 122.0 123.3 124.2 125.4
ZINC 135.6 136.83 138.1 139.3 140.5
ALUMINIUM 108.6 109.38 110.6 111.4 112.7
N. GAS 164.7 168.2 170.4 173.9 176.1
CRUDE OIL 3792 3855 3895 3958 3998
MENTHAOIL 951.4 966.4 990.0 1005.0 1028.6
CPO 458.9 461.1 464.8 467.0 470.7
CARDAMOM 794.9 806.7 813.7 825.5 832.5
COTTON 16210.0 16290.0 16360.0 16440.0 16510.0
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Jun-2015 5.00 2685000.00 134250.00
GOLDM 05-Jun-2015 5.00 268560.00 13428.00
SILVER 03-Jul-2015 5.00 1153410.00 57670.50
SILVERM 30-Jun-2015 5.00 192305.00 9615.25
COPPER 30-Jun-2015 5.00 387150.00 19357.50
NICKEL 30-Jun-2015 6.32 208300.00 13173.48
LEAD 30-Jun-2015 5.49 614500.00 33721.80
ZINC 30-Jun-2015 5.00 690250.00 34512.50
ALUMINIUM 30-Jun-2015 5.00 551000.00 27550.00
NATURALGAS 25-Jun-2015 7.97 214625.00 17105.21
CRUDEOIL 19-Jun-2015 7.92 391800.00 31022.94
MENTHAOIL 30-Jun-2015 7.44 353268.00 26270.48
CPO 30-Jun-2015 5.00 463400.00 23170.00
CARDAMOM 15-Jun-2015 6.55 81840.00 5363.91
COTTON 30-Jun-2015 5.00 409250.00 20462.50