support and resistance 29.10.2015
DESCRIPTION
Daily Commodity Report..TRANSCRIPT
COMMODITY SUMMARY 29.10.2015
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Market Highlight
Gold: Gold fell sharply in Asia on
Thursday as the Federal Reserve
signaled a higher expectation of an
interest rate hike at the end of the year.
On Wednesday, the Fed kept interest
rates unchanged on Wednesday and in
a direct reference to its next policy
meeting put a December rate hike firmly
in play.
Silver: Silver December delivery dipped
0.74% to to $2.348 a pound.
Copper: Copper for December delivery
inched up 0.001 or 0.03% to 2.362 a
pound.
Crude Oil: Crude oil Prices fell in Asia
Thursday on profit taking and a stronger
signal from the Federal Reserve on an
interest rate hike by the end of the
year. On the New York Mercantile
Exchange, WTI crude for December
delivery fell 0.28% to $45.81 a barrel.
Natural Gas: U.S. natural gas futures
fell sharply on Wednesday, as market
participants looked ahead to fresh
weekly information on U.S. gas
inventories to gauge the strength of
demand for the fuel. for delivery in
December on the New York
Mercantile Exchange dropped 5.7
cents, or 2.41%, to trade at $2.304
per million British thermal units during
U.S. morning hours. It earlier fell by as
much as 3.4% to $2.287.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26808 26940 27065 27197 27322
GOLD MINI 26823 26955 27072 27204 27321
SILVER 36754 37293 37634 38173 38514
SILVER MINI 36763 37303 37641 38181 38519
COPPER 333.78 337.62 340.03 343.87 346.28
NICKEL 670.63 676.77 682.13 688.27 693.63
LEAD 110.8 111.7 112.6 113.5 114.4
ZINC 110.12 111.08 111.92 112.88 113.72
ALUMINIUM 92.2 93.4 94.2 95.4 96.1
N. GAS 173.00 175.50 178.20 180.70 183.40
CRUDE OIL 2758 2878 2943 3063 3128
MENTHAOIL 889 895 899 906 910
CPO 401.23 402.77 404.23 405.77 407.23
CARDAMOM 751 757 766 771 781
COTTON 16180.00 16280.00 16130.00 16150.00 16000.00
MCX MARGIN
Commodity Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Oct-15 5.00% 27,67,600 1,38,380
GOLDM 05-Oct-15 5.00% 2,77,670 13,884
SILVER
04-Dec-15 5.00% 13,37,310 66,866
SILVERM 30-Nov-15 5.00% 2,23,015 11,151
COPPER 30-Nov-15 5.00% 4,29,700 21,485
NICKEL 30-Oct-15 6.00% 2,88,850 17,331
LEAD 30-Oct-15 5.00% 6,53,750 32,688
ZINC 30-Oct-15 5.00% 6,86,250 34,313
ALUMINIUM 30-Oct-15 5.00% 5,89,750 29,488
N. GAS 24-Nov-15 5.24% 3,11,375 16,316
CRUDEOIL 19-Nov-15 5.00% 6,08,800 30,440
MENTHAOIL 30-Oct-15 13.35% 2,58,336 34,488
CPO 30-Oct-15 5.00% 5,27,000 26,350
CARDAMOM 13-Nov-15 5.00% 92,810 4,641
COTTON 30-Oct-15 5.00% 4,76,000 23,800