Daily Commodity Pointer
27th February 2017

On Feb 27 2017
Events ETISTForecastPrev
Core Durable Goods Orders8.307.000.5%0.5%
Pending Home Sales10.008.301.1%1.6%

Commodity LTPT1T2SLMarginTick
Nickel729 73674272119196.10
Crude3640 368537103605244371

  Pivot Point - Agri/Non-Agri

Crude prices drift higher in Asia, supply/demand figures awaited
Crude price gained mildly in Asia on Monday with the market looking ahead to an update on February crude output as early as this week and new demand figures later in the month from the International Energy Agency.
Gold prices gain slightly in Asia as Fed, Trump eyed
Gold prices rose slightly in Asia on Monday with the Fed squarely in focus and remarks to the U.S. Congress by President Donald Trump due Tuesday seen as key to the central bank's views.
Dollar edges up as market awaits Trump's tax plan
The dollar firmed in Asian trading on Monday, pulling away from a two-week low against the yen but lacking momentum as investors awaited this week's speech by U.S. President Donald Trump for clues on tax reform.
Base Metals
London copper edges up as supply worries simmer
London copper prices inched towards the key level of $6,000 a tonne on Monday, with supply concerns simmering amid production stoppages at the world's two biggest copper mines.
Agri Commodity
Farm groups petition agri price panel for remunerative MSP
A number of farmers? groups from across the country have given a joint submission to the Commission for Agricultural Costs and Prices (CACP) seeking a remunerative minimum support price for Kharif crops
Exporters brew interest in grainier teas at Kochi
Amidst low arrivals, grainier tea varieties were dearer by ?3 to ?5 at the Kochi auctions following export enquiries.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 153.76 crores, whereas MCX recorded a total traded turnover of Rs. 12,025.81 Crores on 24th February 2017.
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