Daily Commodity Pointer
16th July 2020

Tracking Market
Jul 15 2020 ClosePrevCloseAbsChange
$ / Re.75.1375.37-0.24
Euro / $1.14111.14000.0011
Light Sweet Crude Oil40.9940.440.55
Gold $ / OZ-1812.901812.900.00
Silver $ / OZ-19.8019.640.16
$ / Yen106.94107.21-0.27

On Jul 16 2020
Events ETISTForecastPrev
Core Retail Sales m/m7.3018.005.0%12.4%
Retail Sales m/m7.3018.005.0%17.7%
Philly Fed Manufacturing Index7.3018.0020.027.5
Unemployment Claims7.3018.001250K1314K
Natural Gas Storage9.3020.0048B56B

CallTracker
Commodity LTPT1T2SLMarginTick
CRUDEOIL3090 3140315030504132681


  Pivot Point - Agri/Non-Agri


  
Energy
Oil prices slip after OPEC, allies agree to loosen oil supply curbs
Oil prices slid on Thursday after OPEC and allies such as Russia agreed to ease record supply curbs from August.
Bullions
Gold holds steady above $1,800/oz on virus fears, U.S.-China tensions
Gold held steady above the psychological level of $1,800/ounce on Thursday, as concerns about rising coronavirus cases and lingering Sino-U.S. tensions countered optimism over promising early data for a potential COVID-19 vaccin
Currency
Dollar Up Over Dimming Vaccine Hopes And Simmering U.S.-China Tensions
The dollar was up on Thursday morning in Asia, reversing earlier losses as investors turn towards the safe-haven asset.
Base Metals
London copper flat ahead of China economic data
London copper was little changed on Thursday as investors waited for key China economic data that could shed light on demand in the world?s top metals consumer.
Agri Commodity
After HTBT cotton, Maharashtra farmers plan to plant genetically-modified brinjal, soyabean
The member farmers belonging to the Shetkari Sanghatana in Maharashtra, who have already broken the law by planting genetically modified HTBT cotton are now planning to plant genetically modified brinjal, soybean and corn.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 438.09 crores, whereas MCX recorded a total traded turnover of Rs. 32698.33 Crores on 15th July 2020.
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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.