Daily Commodity Pointer
25th November 2020

Tracking Market
Nov 24 2020 ClosePrevCloseAbsChange
$ / Re.74.0074.02-0.02
Euro / $1.18911.18400.0051
Light Sweet Crude Oil44.8342.861.97
Gold $ / OZ-1805.401834.40-29.00
Silver $ / OZ-23.2923.60-0.31
$ / Yen104.42104.55-0.13

On Nov 25 2020
Events ETISTForecastPrev
Prelim GDP q/q8.3019.0033.1%33.1%
Unemployment Claims8.3019.00732K742K
Core Durable Goods Orders m/m8.3019.000.5%0.9%
Durable Goods Orders m/m8.3019.001.0%1.9%
New Home Sales10.0020.30972K959K
Crude Oil Inventories10.3021.000.1M0.8M
Natural Gas Storage12.0022.3033B31B

Commodity LTPT1T2SLMarginTick
CRUDEOIL3350 3400345033003344301

  Pivot Point - Agri/Non-Agri

Oil takes breather after vaccine rally as stockpiles rise
U.S. oil edged lower on Wednesday, after an industry report showed crude stockpiles in the United States rose against expectations, tempering a rally driven by news that another vaccine against COVID-19 had proved effective in trials.
Gold inches higher from over 4-month low as dollar weakens
Gold prices edged up on Wednesday helped by a weaker dollar, though a robust appetite for riskier assets kept the safe-haven metal near a more than four-month low hit in the previous session.
Dollar under pressure as risk appetite stages a comeback
The dollar nursed losses on Wednesday as progress in developing a novel coronavirus vaccine and expectations for a fiscal boost from a new U.S. government triggered a shift of funds from the greenback to riskier assets.
Base Metals
Shanghai base metals were mostly higher after Dow surges to a new record
Nonferrous metals on the SHFE were mostly higher on Wednesday morning, and their counterparts on the LME rose across the board.
Agri Commodity
Refined soya oil futures ease on low demand
Refined soya oil prices on Tuesday fell by Rs 13.1 to Rs 1,061.4 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 1940.65 crores, whereas MCX recorded a total traded turnover of Rs. 40401.14 Crores on 24th November 2020.
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