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Daily Commodity Pointer

16th July 2020

Tracking Market

Jul 15 2020	Close	PrevClose	AbsChange
$ / Re.	75.13	75.37	-0.24
Euro / $	1.1411	1.1400	0.0011
Light Sweet Crude Oil	40.99	40.44	0.55
Gold $ / OZ-	1812.90	1812.90	0.00
Silver $ / OZ-	19.80	19.64	0.16
$ / Yen	106.94	107.21	-0.27

On Jul 16 2020

Events	ET	IST	Forecast	Prev
Core Retail Sales m/m	7.30	18.00	5.0%	12.4%
Retail Sales m/m	7.30	18.00	5.0%	17.7%
Philly Fed Manufacturing Index	7.30	18.00	20.0	27.5
Unemployment Claims	7.30	18.00	1250K	1314K
Natural Gas Storage	9.30	20.00	48B	56B

CallTracker

Commodity	LTP	T1	T2	SL	Margin	Tick
CRUDEOIL	3090	3140	3150	3050	413268	1

Pivot Point - Agri/Non-Agri

Commodity News Wire

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.

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.