daily report commodities
DESCRIPTION
Crude oil prices held weaker in Asia on Monday as a mostly upbeat set of readings on the regional economy failed to spur investor excitement on demand prospects.Energy traders are also awaiting a critical OPEC meeting in Vienna on Friday. The oil cartel is largely expected to keep production levels steady above 30 million barrels per day, despite ongoing concerns over ample global supplies.On the New York Mercantile Exchange, crude oil for delivery in July fell 0.82% to $59.80 a barrel.The China HSBC Manufacturing PMI for May met expectations at 49.2, a slight tick up from 49.1 in April, with the official CFLP at 50.2, a mild improvement from the previous month but just short of the expected 50.3.TRANSCRIPT
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COMMODITY SUMMARY 01.06.15
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Market Highlight
Crude oil prices held weaker in Asia on
Monday as a mostly upbeat set of readings
on the regional economy failed to spur
investor excitement on demand prospects.
Energy traders are also awaiting a critical
OPEC meeting in Vienna on Friday. The oil
cartel is largely expected to keep
production levels steady above 30 million
barrels per day, despite ongoing concerns
over ample global supplies.
On the New York Mercantile
Exchange, crude oil for delivery in July fell
0.82% to $59.80 a barrel.
The China HSBC Manufacturing PMI for
May met expectations at 49.2, a slight tick
up from 49.1 in April, with the official CFLP
at 50.2, a mild improvement from the
previous month but just short of the
expected 50.3.
Gold prices remained just in positive
territory on Monday in Asia after a slew of
data that painted a reasonable regional
performance.
On the Comex division of the New York
Mercantile Exchange, gold futures for
August delivery rose 0.04% to $1,191.30 a
troy ounce.
Also on the Comex, silver futures for July
delivery fell 0.25% to $16.660 a troy ounce.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26710 26785 26855 26930 27000
GOLD MINI 26749 26808 26878 26937 27007
SILVER 38039 38194 38372 38527 38705
SILVER MINI 38035 38196 38372 38533 38709
COPPER 380.9 383.8 388.9 391.7 396.8
NICKEL 798.07 803.0 808.7 813.6 819.3
LEAD 123.3 124.1 125.6 126.4 128.0
ZINC 138.9 139.95 141.8 142.9 144.7
ALUMINIUM 106.9 107.83 109.6 110.5 112.2
N. GAS 165.9 167.8 171.5 173.4 177.1
CRUDE OIL 3598 3733 3806 3941 4014
MENTHAOIL 925.8 977.3 964.5 1016.0 1003.2
CPO 456.3 456.5 456.8 457.0 457.3
CARDAMOM 819.1 827.0 833.9 841.8 848.7
COTTON 15340.0 15930.0 16020.0 16610.0 16700.0
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Jun-2015 5.00 2686000.00 134300.00
GOLDM 05-Jun-2015 5.00 268660.00 13433.00
SILVER 03-Jul-2015 5.00 1150470.00 57523.50
SILVERM 30-Jun-2015 5.00 191790.00 9589.50
COPPER 30-Jun-2015 5.00 386650.00 19332.50
NICKEL 30-Jun-2015 6.24 202000.00 12602.98
LEAD 30-Jun-2015 5.75 622250.00 35768.76
ZINC 30-Jun-2015 5.04 698000.00 35146.18
ALUMINIUM 30-Jun-2015 5.00 550500.00 27525.00
NATURALGAS 25-Jun-2015 8.45 212250.00 17932.01
CRUDEOIL 19-Jun-2015 8.10 386900.00 31332.61
MENTHAOIL 30-Jun-2015 6.97 343152.00 23930.64
CPO 30-Jun-2015 5.00 462000.00 23100.00
CARDAMOM 15-Jun-2015 6.35 83480.00 5297.22
COTTON 30-Jun-2015 5.00 410000.00 20500.00