Daily Commodity Pointer
08th March 2021

Tracking Market
Mar 5 2021 ClosePrevCloseAbsChange
$ / Re.73.1272.760.36
Euro / $1.19121.1973-0.0061
Light Sweet Crude Oil66.3564.032.32
Gold $ / OZ-1698.601696.202.40
Silver $ / OZ-25.2625.36-0.10
$ / Yen108.25107.960.29

On Mar 8 2021
Events ETISTForecastPrev
Final Wholesale Inventories m/m10.0020.301.3%1.3%

CallTracker
Commodity LTPT1T2SLMarginTick
CRUDEOIL4900 4950500048501031501


  Pivot Point - Agri/Non-Agri


  
Energy
Brent cracks $70 for first time since pandemic began after Saudi facilities attacked
Brent crude futures jumped above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian oil facilities.
Bullions
Gold recovers from 9-month low on U.S. stimulus cheer
Gold prices rose on Monday, recovering from a near nine-month low hit in the previous session, as a passage of the long awaited $1.9 trillion U.S. coronavirus relief package boosted the metal's appeal.
Currency
Dollar falls against commodity currencies but holds gains versus yen
The dollar fell against the currencies of major commodity exporters on Monday as investors increased bets on countries that will benefit from rising prices for oil, metals, and other goods.
Base Metals
Shanghai base metals were mostly higher in ?fragile? market environment
Shanghai base metals were mostly higher on Monday morning as investors reacted to last week's US jobs report that trounced expectations and fueled hopes for a faster economic recovery.
Agri Commodity
Turmeric price crosses ?10,000 a quintal at regulated markets
Arrival of fresh turmeric and increase in demand has pushed the price of turmeric to Rs.10,000 a quintal at the regulated markets here.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 2137.28 crores, whereas MCX recorded a total traded turnover of Rs. 31295.25 Crores on 05th March 2021.
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.