Daily Commodity Pointer
24th January 2020
Tracking Market
Jan 23 2020 ClosePrevCloseAbsChange
$ / Re.71.2471.190.05
Euro / $1.10541.1091-0.0037
Light Sweet Crude Oil55.6956.12-0.43
Gold $ / OZ-1562.401558.404.00
Silver $ / OZ-17.7917.83-0.04
$ / Yen109.48109.84-0.36

On Jan 24 2020
Events ETISTForecastPrev
Flash Manufacturing PMI9.4520.1552.452.4

CallTracker
Commodity LTPT1T2SLMarginTick
CRUDEOIL3950390038704000450001


  Pivot Point - Agri/Non-Agri


  
Energy
Oil Hits 9-Week Lows as Coronavirus Is Cited as 'Black Swan' Event
The fear of the unknown has become bigger in oil?s pricing than the known barrels out there. Crude prices hit nine-week lows on Thursday as a global risk flight on fears over the new coronavirus
Bullions
Gold Rises on Risk-Off Move Triggered by Coronavirus Fears
The gold buyers? strike finally ended on Thursday as rising concerns about the coronavirus, which had weighed on risk assets all week, finally lent support to havens.
Currency
Euro near seven-week low after ECB; virus fears support yen
The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China's coronavirus outbreak propped up the safe-haven yen.
Base Metals
Copper slides further as China virus fears grow
Copper prices fell to their lowest in more than six weeks on Thursday as the rising coronavirus death toll heightened fears over the outbreak?s potential impact on the Chinese economy.
Agri Commodity
Spot rubber closes unchanged
Spot rubber closed unchanged on Thursday. RSS 4 was quoted steady at Rs 137.50 per kg by traders and the Rubber Board.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 1130.30 crores, whereas MCX recorded a total traded turnover of Rs. 37852.12 Crores on 23rd January 2020.
Ventura Securities Ltd.
Corporate Office: I-Think Techno Campus, "B" Wing, 8th Floor, Pokhran Road No. 2, Off. Eastern Express Highway, Thane (West) – 400607. Maharashtra.
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.