Daily Commodity Pointer
29th July 2016

Tracking Market
Jul 28 2016 ClosePrevCloseAbsChange
$ / Re.67.0367.14-0.11
Euro / $1.10761.10540.0022
Light Sweet Crude Oil41.1441.92-0.78
Gold $ / OZ-1341.201334.506.70
Silver $ / OZ-20.1919.990.20
$ / Yen105.29105.270.02

On Jul 29 2016
Events ETISTForecastPrev
Advance GDP q/q8.3018.002.6%1.1%
Chicago PMI9.4519.1554.356.8
Revised UoM Consumer Sentiment10.0019.3090.289.5

Commodity LTPT1T2SLMarginTick
Crude Oil2760 280028202730250001

  Pivot Point - Agri/Non-Agri

Oil prices remain near April lows on ongoing oversupply
Oil prices on Friday remained around April lows as slowing economic growth threatened to worsen ongoing oversupply of crude and refined products.
Gold up slightly in Asia ahead of BoJ policy review, rate decision
Gold rose in Asia on Friday ahead of a Bank of Japan review on monetary policy that will be watched for the scope of any easing efforts.
Yen gains further ahead of BoJ policy details, after mixed data
The yen gained further Friday on a slew of data from Japan across consumer prices, retail sales, household spending and industrial production on Friday and all ahead of a closely-watched central bank policy review.
Base Metals
Copper lifts on weakening $US
Copper has climbed, boosted by a lower greenback after the US central bank left rates unchanged and some expectations of steady demand in top consumer China.
Agri Commodity
Cardamom will continue to surge on output concerns
The cardamom futures contract traded on the Multi Commodity Exchange (MCX) has been on an uptrend since mid-February this year. Prices have jumped more than 54.7 per cent to touch 925 a kg in July from 598 in February.
Jeera crackles on profit booking
Jeera prices moved down on profit booking by traders followed by moderate demand in spot. However, tight supplies capped the price decline on the spot.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 3289.13 crores, whereas MCX recorded a total traded turnover of Rs. 29226.57 Crores on 28th July 2016.
Ventura Commodities Ltd.
Corporate Office: C-112/116, Bldg No. 1, Kailash Industrial Complex, Park Site, Vikhroli (W), Mumbai – 400079.

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.