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Daily Commodity Pointer

11th October 2024

Tracking Market

Oct 10 2024	Close	PrevClose	AbsChange
Re/$	83.92	83.93	-0.01
Euro / $	1.0936	1.0938	-0.0002
Light Sweet	75.85	73.24	2.61
Gold $ / OZ-	2639.30	2626.00	13.30
Silver $ / OZ-	31.24	30.67	0.57
$ / Yen	148.56	149.30	-0.74

On Oct 11 2024

Events	ET	IST	Forecast	Prev
Core PPI m/m	7.30	18.00	0.2%	0.3%
PPI m/m	7.30	18.00	0.1%	0.2%
Prelim UoM Consumer Sentiment	9.00	19.30	70.9	70.1
Prelim UoM Inflation Expectations	9.00	19.30	-	2.7%

CallTracker

Commodity	LTP	T1	T2	SL	Margin	Tick
Crude Oil	223	226	228	220	64527	.10

Pivot Point - Agri/Non-Agri

Commodity News Wire

Energy

Oil eases though investors wary over potential Mideast supply disruption

Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites.

Bullions

Gold drifts higher after data supports US rate - cut bets

Gold prices edged higher on Friday after recent data supported bets for a Federal Reserve interest rate cut next month, while market participants focussed on the U.S. Producer Price Index (PPI) report for further direction.

Currency

Dollar bulls suffer setback as traders add to Fed cut bets

The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labour market boosted the case for quicker Federal Reserve rate cuts.

Base Metals

Copper price rises before keenly anticipated policy briefing from China

The copper price rebounded on Thursday after hovering near a two-week low, as the market sizes up the implications of China's policy briefing this weekend.

Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 779.23 crores, whereas MCX recorded a total traded turnover of Rs. 214735.06 Crores on 10th October 2024.

Ventura Securities Ltd.
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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.