Daily Commodity Pointer
24th May 2019
Tracking Market
May 23 2019 ClosePrevCloseAbsChange
$ / Re.70.0169.650.36
Euro / $1.11821.11510.0031
Light Sweet Crude Oil58.1961.32-3.13
Gold $ / OZ-1274.501272.901.60
Silver $ / OZ-14.5714.420.15
$ / Yen109.61110.31-0.70

On May 24 2019
Events ETISTForecastPrev
Core Durable Goods Orders m/m7.3018.000.1%0.3%
Durable Goods Orders m/m7.3018.00-2.0%2.6%

CallTracker
Commodity LTPT1T2SLMarginTick
COPPER415408405420270000.05


  Pivot Point - Agri/Non-Agri


  
Energy
Oil prices stabilize after sharp falls earlier in week
Oil markets stabilized on Friday amid OPEC supply cuts and tensions in the Middle East, after posting their steepest falls since the start of the year earlier in the week on the back of a global economic slowdown and swelling fuel inventories.
Bullions
Gold up 1% on Global Risk Aversion; Sets Sights on $1300 Again
Bullion and futures of gold jumped nearly 1% on Thursday, their biggest spring in nearly two weeks, as risk-averse investors fleeing everything from equities to oil embraced the safe-haven sanctuary of the yellow metal.
Currency
U.S. Dollar Sustains Highs on Strong Labor Data, Fed Minutes
The U.S. dollar was near a one-month high on Thursday as an unexpected decline in the number of people filing for unemployment assistance last week helped it maintain momentum.
Base Metals
Copper rebounds from more than 4-month low as dollar eases
Copper prices rebounded on Friday from their lowest since Jan. 14 hit in the previous session, as the U.S. dollar eased, but were heading for their sixth straight week of losses on a prolonged U.S.-China trade war.
Agri Commodity
Turmeric arrival and price decreases
Spot turmeric prices and arrivals registered a decline at the markets in Erode. Only 1,000 bags of medium quality turmeric arrived for sale.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 1842.32 crores, whereas MCX recorded a total traded turnover of Rs. 28330.72 Crores on 23rd May 2019.
Ventura Commodities 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 Commodities 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.