COMMODITY
MARKET OUTLOOK
Gold dropped as the dollar gained on stronger-than-expected U.S.
manufacturing data and investors awaited jobs data later this week.
Base Metal Silver prices ended with losses as pressure seen due to
stronger dollar after an upbeat U.S. economic data.
Crude oil
prices ended with gains supported by a planned production cut by exporter club
OPEC.
Copper prices slipped on profit booking as funds sold, but losses were
limited by expectations of firmer demand in China.
Zinc gains continuing its firm trend amid worries about shortages due to
mine closures and cutbacks.
Nickel prices dropped in the absence of China's market participation
after LME inventories rose to 362,004 tonnes.
Natural gas
prices ended with gains as hurricane fears are balancing out lower expectations
for demand.
Ref soy oil prices dropped tracking weakness in spot demand amid
prospects of higher imports.
Mentha oil prices gained amid pickup in demand from consuming industries
at domestic spot market.
Soybeans prices dropped on profit booking after gaining earlier due to
increased demand in the spot market.
Chana prices dropped on profit booking amid government initiatives to
check rising prices and availability of pulses
Turmeric prices dropped due to higher sowing acreage in the current
season.
Jeera prices settled flat amid expectations of good domestic as well as
export demand ahead of festival season.
Commodity
Market update:-
GOLD
PP-30950
R1- 30979 S1-30786
R2- 31095 S2-30712
SILVER
PP-45195
R1-45590 S1-44499
R2-46286 S2-44104
CRUDE OIL
PP-3250
R1- 3309 S1-3187
R2- 3372 S2-3128
NATURAL GAS
PP-194.1
R1- 196.6 S1-192.1
R2- 198.6 S2-189.6
COPPER
PP-325.2
R1- 328.3 S1-321.6
R2- 331.9 S2-318.5
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