Daily Commodity Pointer
06th October 2022

Tracking Market
Oct 5 2022 ClosePrevCloseAbsChange
Re/$81.6381.450.18
Euro / $0.98800.9985-0.0105
Light Sweet87.7686.521.24
Gold $ / OZ-1720.801730.50-9.70
Silver $ / OZ-20.5421.10-0.56
$ / Yen144.64144.080.56

On Oct 6 2022
Events ETISTForecastPrev
Unemployment Claims7.3018.00205K193K
Natural Gas Storage9.3020.00125B103B

CallTracker
Commodity LTPT1T2SLMarginTick
Crude Oil72007100705073002258591


  Pivot Point - Agri/Non-Agri


  
Energy
Oil rises to 3-week highs as OPEC+ agrees to deep cuts, U.S. stockpiles fall
Oil prices rose on Wednesday to three-week highs, as OPEC+ agreed to its deepest cuts to production since the 2020 COVID pandemic, despite a tight market and opposition to cuts from the United States and others.
Bullions
Gold gains as Treasury yields dip; hawkish Fed caps upside
Gold prices edged higher on Thursday as Treasury yields retreated, although gains were limited after stronger U.S. economic data bolstered expectations the Federal Reserve will retain its hawkish narrative.
Currency
Dollar clings to gains as bets on further Fed hikes firm
The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments, while the prospect of higher energy prices helped exporters? currencies and weighed on those of importers.
Base Metals
Zinc, Copper Gain After LME Bans New Metals from Russian Giant
Zinc and copper gained after the London Metal Exchange said it will restrict new deliveries of the metals from Russia?s Ural Mining & Metallurgical Co. and one of its subsidiaries.
Agri Commodity
Cotton arrival in Punjab mandis slower than last year
More than a month after cotton harvesting commenced in Punjab, the semi-arid districts are witnessing a decline in arrival by five times than the last kharif marketing season.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 672.30 crores, whereas MCX recorded a total traded turnover of Rs. 42051.68 Crores on 05th October 2022.
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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.