daily report commodities
DESCRIPTION
Gold prices rebounded mildly in Asia on Wednesday from an overnight plunge with the scope for the Federal Reserve to raise interest rates sooner than expected this year and Greece's debt woes also weighing on the outlook.On the Comex division of the New York Mercantile Exchange, gold for June delivery rose 0.16% to $1,208.60 a troy ounce.Elsewhere, silver for July delivery gained 0.14% to $17.095 a troy ounce. Copper for July delivery fell 0.02% to $2.834 a pound.In Japan first quarter GDP rose 0.6% for an annualized pace of 2.4%, outstripping expectations of an 0.4% gain quarter-on-quarter and for a year-on-year pace of 1.5%.TRANSCRIPT
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COMMODITY SUMMARY 20.05.15
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Market Highlight
Gold prices rebounded mildly in Asia on
Wednesday from an overnight plunge with
the scope for the Federal Reserve to raise
interest rates sooner than expected this
year and Greece's debt woes also weighing
on the outlook. On the Comex division of
the New York Mercantile Exchange, gold for
June delivery rose 0.16% to $1,208.60 a
troy ounce.
Elsewhere, silver for July delivery gained
0.14% to $17.095 a troy ounce. Copper for
July delivery fell 0.02% to $2.834 a pound.
In Japan first quarter GDP rose 0.6% for an
annualized pace of 2.4%, outstripping
expectations of an 0.4% gain quarter-on-
quarter and for a year-on-year pace of
1.5%.
Crude oil prices rose in Asia on Wednesday
in a rebound from overnight lows and a solid
drop in U.S. stocks reported by an industry
group.
The American Petroleum Institute
said crude oil supplies in the U.S. last week
fell 5.2 million barrels, while gasoline stocks
eased 1.2 million barrels. Gasoline supplies
are watched closely this time of year ahead
of the U.S. summer driving season when
demand normally grows.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 27056 27176 27378 27498 27700
GOLD MINI 27058 27184 27391 27517 27724
SILVER 38016 38646 39486 40116 40956
SILVER MINI 38033 38659 39502 40128 40971
COPPER 394.4 398.4 405.6 409.6 416.7
NICKEL 796.13 813.5 843.6 861.0 891.1
LEAD 121.5 122.6 124.0 125.0 126.4
ZINC 140.0 141.37 143.7 145.0 147.3
ALUMINIUM 110.8 111.78 113.3 114.3 115.8
N. GAS 181.4 185.6 191.9 196.1 202.4
CRUDE OIL 3637 3687 3778 3828 3919
MENTHAOIL 911.5 917.4 926.8 932.7 942.1
CPO 436.0 439.6 445.0 448.6 454.0
CARDAMOM 792.2 804.9 813.1 825.8 834.0
COTTON 16043.3 16106.7 16223.3 16286.7 16403.3
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