Daily Commodity Pointer
28th February 2024

Tracking Market
Feb 27 2024 ClosePrevCloseAbsChange
Re/$82.8782.840.03
Euro / $1.08441.0847-0.0003
Light Sweet78.8777.581.29
Gold $ / OZ-2044.102038.905.20
Silver $ / OZ-22.7522.730.02
$ / Yen150.50150.69-0.19

On Feb 28 2024
Events ETISTForecastPrev
Prelim GDP q/q8.3019.003.3%3.3%
Prelim GDP Price Index q/q8.3019.001.5%1.5%
Crude Oil Inventories10.3021.003.1M3.5M

CallTracker
Commodity LTPT1T2SLMarginTick
NATURALGAS145 151154142648200.10


  Pivot Point - Agri/Non-Agri


  
Energy
Oil eases as Fed caution outweighs talk of OPEC+ cut extensions
Oil prices slipped in early Asian trade on Wednesday as the prospect of a delayed U.S. rate cutting cycle offset the boost provided by talk of extensions to production cuts from OPEC+.
Bullions
Gold prices firm ahead of US inflation print
Gold prices edged higher on Wednesday, as U.S. bond yields fell, while investor focus was on a key U.S. inflation print and remarks from several Federal Reserve officials this week for fresh clues on the central bank's interest rate trajectory.
Currency
Dollar firm with eyes on PCE data, kiwi calm before RBNZ decision
The U.S. dollar held steady as traders brushed off durable goods data overnight and awaited the Federal Reserve's preferred measure of inflation due Thursday for clues on when the U.S. central bank may start cutting interest rates.
Base Metals
Copper edges up with focus on China?s upcoming NPC meeting, US data
Copper prices in London rose for the first time in three sessions on Tuesday, on hopes that next week?s annual parliamentary meeting in top consumer China could provide clues on further economic stimulus.
Agri Commodity
Indian castor seed production estimated 9% higher in 2023-24 season
India's castorseed production is likely to witness a 9 per cent growth in the 2023-24 season to October.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 991.09 crores, whereas MCX recorded a total traded turnover of Rs. 88647.71 Crores on 27th February 2024.
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This report is neither an offer nor a solicitation to purchase or sell commodities. The information and views expressed herein are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in or have positions in the commodities mentioned in their articles. Neither Ventura Securities Limited nor any of the contributors accepts any liability arising out of the above information/articles. Reproduction in whole or in part without written permission is prohibited. This report is for private circulation.