Daily Commodity Pointer
20th March 2019

Tracking Market
Mar 19 2019 ClosePrevCloseAbsChange
$ / Re.68.9368.520.41
Euro / $1.13481.13350.0013
Light Sweet Crude Oil59.0858.970.11
Gold $ / OZ-1306.301303.502.80
Silver $ / OZ-15.3715.350.02
$ / Yen111.39111.43-0.04

On Mar 20 2019
Events ETISTForecastPrev
Crude Oil Inventories9.3020.000.5M-3.9M
Federal Funds Rate13.0023.302.50%2.50%

CallTracker
Commodity LTPT1T2SLMarginTick
CRUDEOIL4080 415042004030450001


  Pivot Point - Agri/Non-Agri


  
Energy
Oil Rally Stalls Before $60 WTI; Awaits Weekly Data
Both U.S. West Texas Intermediate crude and London's Brent, the global benchmark for oil, hit 2019 highs on Tuesday, extending the previous session's rally spurred by OPEC's plans to cut oil exports through June.
Bullions
Palladium Pierces $1,600; Gold up Pre-Fed
Neither the Chinese economy nor the global auto sector is looking rosy this year, yet palladium, which is used for making the catalytic converters that purify gasoline emissions, is in a bullish world of its own.
Currency
Dollar on defensive as market awaits Fed decision, euro edges up
Major currencies stuck to tight ranges in early Asian trading on Wednesday as investors awaited the outcome of the Federal Reserve's March policy meeting later in the day.
Base Metals
Most base metals ease ahead of Fed meeting result
Most industrial metals on the London Metal Exchange fell on Wednesday, shrugging off some gains in the previous sessions as investors turned cautious ahead of the result of the U.S. Federal Reserve rate meeting later in the day.
Agri Commodity
Weak demand drags chana
Amid a rise in arrivals of the new crop and weak physical demand, chana (kanta) quoted at Rs 4,000-4,050 a quintal, while chana (vishal) ruled at Rs 4,100 and chana (desi) at Rs 3,900.
Sugar rules flat
Sugar prices ruled flat at all levels on Wednesday on routine demand and supply. On Monday 19-20 mills sold 24,000-25,000 bags at Rs 3,100-3,110 of S-grade and Rs 3,100-3,120 of M-grade.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 1442.19 crores, whereas MCX recorded a total traded turnover of Rs. 27632.11 Crores on 19th March 2019.
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