Daily Commodity Pointer
17th April 2014

Tracking Market
Apr 16 2014 ClosePrevCloseAbsChange
$ / Re.60.3760.220.15
Euro / $1.38151.38120.0003
Light Sweet Crude Oil103.80103.84-0.04
Gold $ / OZ-1302.201302.40-0.20
Silver $ / OZ-19.6319.560.07
$ / Yen102.22101.840.38

On Apr 17 2014
Events ETISTForecastPrev
US Unemployment Claims12301800316K300K
US Philly Fed Manufacturing Index140019309.69.0
US Natural Gas Storage1430200035B4B

Commodity LTPT1T2SLMarginTick
COPPER404.5 407.8410401.5250000.05

  Pivot Point - Agri/Non-Agri

NYMEX crude oil prices gain in Asia on geoplotical tension, China demand
Crude oil prices gained in Asia on Thursday in a rebound from overnight as geopolitical tension in the Ukraine and demand prospects in China offered support.
Gold prices ease in Asia on profit taking, Ukraine events eyed
Gold prices eased slightly in Asia on Thursday as investors booked profits, though the yellow metal remained well supported on geopolitical concerns over the Ukraine.
Dollar brushes off Yellen comments, gains on sliding yen
The dollar traded largely higher against most major currencies on Wednesday, looking past dovish comments from Federal Reserve Chair Janet Yellen and rising on demand from investors ditching the yen due to strong Chinese data.
Base Metals
Copper Rebounds After a Beating
Copper for April delivery rose 1.1% Wednesday to $3.0505 a pound on the Comex division of the New York Mercantile Exchange. The most active May contract is up about 4% from a 3 1/2 -year low hit in mid-March.
Agri Commodity
Sugar extends gains on hopes of higher demand
Sugar prices extended their gains on the Vashi wholesale market by Rs.10-30 a quintal on Wednesday.
Short covering lifts castor
Castorseed futures gained as traders started covering on export demand in the spot market
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 3718.89 crores, whereas MCX recorded a total traded turnover of Rs. 22334.12 Crores on 16th April 2014.
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