Daily Commodity Pointer
24th September 2021

Tracking Market
Sep 23 2021 ClosePrevCloseAbsChange
Euro / $1.17381.16930.0045
Light Sweet73.2472.001.24
Gold $ / OZ-1742.801768.40-25.60
Silver $ / OZ-22.5222.69-0.17
$ / Yen110.30109.780.52

On Sep 24 2021
Events ETISTForecastPrev
Fed Chair Powell Speaks9.0019.30--
New Home Sales9.0019.30712K708K

Commodity LTPT1T2SLMarginTick
CRUDEOIL5400 5480553053501070001

  Pivot Point - Agri/Non-Agri

Oil looks set to test 3-year high as supplies tighten
Oil prices rose for a fourth day on Friday, taking Brent towards three-year highs, as investors focused on tighter supplies amid strong appetite for riskier assets like crude and high hopes for recovery from the pandemic.
Gold Scalped Again by U.S. Yields as Fed Lays Out Taper, Rate Hike Plan
Gold prices fell below $1,750 an ounce on Thursday, scalped by the scythe of U.S. bond yields after the Federal Reserve said it will likely end its pandemic-related stimulus support for the American economy by mid-2022
Dollar wallows near one-week low as haven demand ebbs
The dollar wallowed near its lowest level in a week versus major peers on Friday, as improved risk sentiment wiped out recent gains amid easing concerns about contagion from a potential China Evergrande Group default.
Base Metals
Base metals mixed, markets reacting to developments at China's Evergrande, US Fed outlook
Base metals prices were mixed on both the LME and SHFE on Thursday, with the broader markets welcoming the news that Chinese property giant Evergrande has avoided imploding, for now, and not spooked by the US Federal Reserve's more hawkish outlook.
Agri Commodity
Edible oils demand hit by surging prices: SEA chief
Inspite of the slow increase in the demand from hotels, restaurants and catering for edible oils, the Solvent Extractors? Association(SEA) of India is of the view that the import of vegetable oils will be below 15 million tonnes.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 1457.07 crores, whereas MCX recorded a total traded turnover of Rs. 34710.92 Crores on 23rd September 2021.
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