Daily Commodity Pointer
05th June 2023

Tracking Market
Jun 2 2023 ClosePrevCloseAbsChange
Euro / $1.07061.0761-0.0055
Light Sweet71.7470.101.64
Gold $ / OZ-1969.601995.50-25.90
Silver $ / OZ-23.7423.98-0.24
$ / Yen139.94138.791.15

On Jun 5 2023
Events ETISTForecastPrev
Final Services PMI8.4519.1555.155.1
ISM Services PMI9.0019.3052.651.9
Factory Orders m/m9.0019.300.8%0.9%

Commodity LTPT1T2SLMarginTick
NATURALGAS184 192195180472900.10

  Pivot Point - Agri/Non-Agri

Oil prices surge after Saudi pledges more supply cuts
Oil prices rose sharply in early Asian trade on Monday after Saudi Arabia pledged deep production cuts in July, while the Organization of Petroleum Exporting Countries and Allies agreed to extend supply cuts into 2024.
Gold eases as firmer dollar counters bets of Fed pause
Gold prices edged lower on Monday as the dollar firmed on strong U.S. payrolls report, offsetting support from the prospects that the Federal Reserve would pause its rate hikes this month.
Dollar edges up as US rates seen higher for longer
The dollar firmed against major peers in Asian trading after a robust U.S. jobs report spurred traders to price in higher interest rates for longer.
Base Metals
Base metal prices slip in last 12 months, supply to remain tight in CY23
The prices of base metals lost their shine over the past year as supplies recovered after earlier disruptions and rising input costs and increased availability of raw materials also played their part.
Agri Commodity
Steels deals with China on a five-year high in April, according to provisional government data
India?s finished steel purchases from China touched a five-year high in April, and the country?s overall imports of the alloy reached a four-year high, according to provisional government data reviewed by Reuters.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 559.28 crores, whereas MCX recorded a total traded turnover of Rs. 72635.15 Crores on 02nd June 2023.
Ventura Securities Ltd.
Corporate Office: I-Think Techno Campus, "B" Wing, 8th Floor, Pokhran Road No. 2, Off. Eastern Express Highway, Thane (West) – 400607. Maharashtra.

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.