Daily Commodity Pointer
20th October 2014

Tracking Market
Oct 17 2014 ClosePrevCloseAbsChange
$ / Re.61.4361.84-0.41
Euro / $1.27621.2804-0.0042
Light Sweet Crude Oil82.9283.08-0.16
Gold $ / OZ-1238.501239.10-0.60
Silver $ / OZ-17.2717.35-0.08
$ / Yen106.84106.280.56

On Oct 20 2014
Events ETISTForecastPrev
NO MAJOR EVENT----

CallTracker
Commodity LTPT1T2SLMarginTick
COPPER410407405412.5250000.05


  Pivot Point - Agri/Non-Agri


  
Energy
NYMEX crude oil gains in Asia as investors look ahead to China
Crude oil prices gained in Asia early Monday as investors kept a sharp look out for demand cues from China in the week ahead.
Bullions
Gold prices dip in Asia as China moves to stoke growth
Gold prices fell in Asia early Monday as China moved to prime growth and investors see more likelihood the U.S. Federal Reserve will move to hike rates early next year.
Currency
Japanese yen weakens further after Kuroda remarks on prices
The Japanese yen weakened further on Monday after remarks from the central bank governor reiterating the most recent policy stance, while the Australian dollar posted further gains after comments on rates by a central bank official.
Base Metals
Copper, base metals rebound but still vulnerable
Industrial metals rebounded on Friday, taking a pause after heavy losses this week, but analysts cautioned that markets were still on edge and vulnerable to deeper losses.
Agri Commodity
Turmeric market under long liquidation
Turmeric settled down as pressure due to profit booking after prices gained on the back of fall in supplies from producing belts.
Cardamom down 0.5% on adequate stocks
Continuing its losing streak for the third day, cardamom prices fell further by 0.55% to Rs 832 per kg in futures trade as speculators indulged in offloading positions.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 2607.83 crores, whereas MCX recorded a total traded turnover of Rs. 21845.74 Crores on 17th October 2014.
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