Research Via Base Metals,Energy Crude Oil Tips & Agro Cardamom Update For 04 Feb 2014

Base Metals & Energy
CRUDE OIL
                                                                D A I L Y B U Z Z

Crude oil futures prices today fell by 0.76 per cent to Rs 6,122 per barrel after speculators indulged in
reducing positions triggered by weak Chinese data.

The trading sentiment weakened at futures trade after Crude oil prices declined in Asian trade as data
showing weak Chinese manufacturing activity fuelled concerns over energy demand in the world's
second largest economy, marketmen said.

At the Multi Commodity Exchange, crude oil for delivery in February fell Rs 47, or 0.76 per cent, to Rs 6,122 per barrel in 1,749 lots.

Similarly, the oil for March delivery moved down by Rs 39, or 0.63 per cent, to Rs 6,120 per barrel in
140 lots.

Meanwhile, crude oil for March delivery eased 51 cents at $96.98 a barrel on the New York Mercantile Exchange in mid-morning trade today

Agro Outlook
CARDAMOM
                                                       D A I L Y B U Z Z
Chana prices fell by 1.15 per cent to Rs 3,108 per quintal in futures market today, as speculators
booked profits, driven by a weak trend at the spot market on sluggish demand.
Expectations of higher production this season also put pressure on the chana futures prices.
At the National Commodity and Derivative Exchange, chana for delivery in April fell by Rs 36, or
1.15 per cent, to Rs 3,108 per quintal, with an open interest of 75,120 lots.
Similarly, the commodity for delivery in February declined Rs 31, or 1.05 per cent, to Rs 2,922
per quintal, with open interest of 9,130 lots.
Traders said besides profit-booking by speculators, subdued demand in the spot market at
existing higher levels mainly led to the fall in chana prices at futures trade. 

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REVIA DAILY COMMODITY REPORT 28 JAN 2014

Precious Metals
SILVER  GOLD
                                                          D A I L Y B U Z Z

GOLD
Tracking a weak global trend, gold prices declined by 0.18 per cent to Rs 29,187 per ten grams
in futures trade today as speculators offloaded their positions.

At the Multi Commodity Exchange, gold for delivery in February declined by Rs 54, or 0.18 per
cent, to Rs 29,187 per ten grams in a business turnover of 1,498 lots.

Similarly, the yellow metal for delivery in April traded lower by Rs 31, or 0.11 per cent, to Rs
28,615 per ten grams in 53 lots.

SILVER
Silver prices declined 0.20 per cent to Rs 44,391 per kg in futures trade today as speculators
trimmed positions on weak global trend.

At the Multi Commodity Exchange, Silver for delivery in March fell by Rs 89, or 0.20 per cent,
to Rs 44,391 per kg in business turnover of 2,026 lots.

Likewise, the white metal for delivery in May declined by Rs 51, or 0.11 per cent, to Rs 45,405

per kg in 77 lots.

Agro Outlook
CARDAMOM
                                                        D A I L Y B U Z Z
CARDAMOM
Continuing its rising streak for the fourth day, cardamom prices gained 0.30 per cent to Rs 739.60 per kg in futures trading today as speculators enlarged positions, driven by rising demand in the spot market.

Tight supplies in the physical market following less arrivals from producing regions also influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 2.20, or 0.30 per cent, to Rs 739.60 per kg in a business turnover of 8 lots. Likewise, the spice for delivery in February edged up by 90 paise, or 0.13 per cent, to Rs 708.60 per kg in 57 lots.

Market analysts said rising demand in the spot market amid tight supplies from producing region led to the uptrend in cardamom for the fourth-day at futures trade. 

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NCDEX Live, NCDEX Agri Commodity Tips Today

Pepper April futures prices are expected to extend the down trend amid prevailing weak trend at spot front. According to trade sources, most of the traders are not buying currently due to financial year closing which is likely weighing on market sentiments. Due to huge volatility in prices most of the traders and bulk buyers are staying away from market. Turmeric prices are expected to extend the corrections on profit booking. Jeera April futures prices are expected to continue the down trend on back of prevailing bearish fundamentals across the spot market.  Cardamom futures prices are expected to trade slightly positive initially during the day.

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MCX Commodity Tips ~ Commodity Market Updates Today 26 March 2012

Today all products in MCX commodity market are trading at positive price. MCX Gold and Silver are trading at positive price. Gold is trading above Rs. 28,100 and Silver is trading in the range of Rs. 57,100-57,400 in today's trading session. All base metals are trading at higher price today. MCX Copper is trading above Rs. 435. It may touch the levels of Rs. 440 in upcoming trading session. MCX crude oil and naturalgas are also trading at higher levels. Crude oil is trading above Rs. 5500. It may touch the levels of Rs. 5550 in upcoming trading session. We assume that all may trade same for the day.

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NCDEX Live ~ NCDEX Agri Commodity Updates Today

Cardamom futures may trade with a bullish bias created by unfavourable weather conditions and declining arrivals amid good persistent demand. Turmeric futures may fall further due to heavy production and expectations that even more bags are expected to arrive. Jeera futures may shed further downside due to mounting supplies in the spot market on the back of a good crop. Pepper futures may trade sideways with a bearish bias amid continue profit booking from higher levels. Guar complex may rally further. The recent surge in horizontal drilling technology in the oil industry in the US has increased the demand for guar gum in the market significantly.

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NCDEX, NCDEX Live Tips, Agri Commodity Market Updates Today

Pepper futures extended its bullish trend, hit the 4 percent maximum upper circuit and record highs. The spot price for garbled pepper traded higher at  Rs.41600 per 100kg. Jeera prices are expected to fall for short term on probable increase in daily arrivals amid estimated rise in production. Turmeric futures closed higher despite higher production estimates. Turmeric prices are expected to fall next week due to probable rise in daily arrivals and on reports of higher stocks. Cardamom futures may gain on the back of fall in daily arrivals due to end of harvest season.

Refined soy oil prices traded higher after it making a low of 711.10, closed the day at 717.35. 
Resistances: 720/723/726
Supports: 717/715/712

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NCDEX, NCDEX Live, Agri Commodity Market Tips Today

Cardamom futures may advance further on the back of fall in daily arrivals due to end of harvest season. Outlook for Soybean is up for the day. Guar Complex is expected to trade higher for the day. Outlook for Chana is up for the day. Outlook for Jeera is up for the day. Jeera prices are likely to fall in short term as demand for the spice from north India is expected to come down due to the Holi festival. Pepper futures to trade up for the day. Pepper futures hit new high due to lower than expected arrivals in the spot markets. Turmeric prices are expected to gain on improvement in demand due to arrival of quality crop.

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NCDEX ~ Agri Commodity Market Updates, NCDEX Live Tips

Turmeric futures (April) is likely to hold support above 4,700 levels. Jeera futures may remain sideways facing resistance near 14,400 levels. Chilli futures (Apr) is likely to trade higher tracking higher quoting spot markets. Pepper futures may show some limited gains as profit booking from such high levels cannot be denied. Soybean futures may trade higher surpassing 2680 levels, supported by good export demand of oil meals & higher quoting spot prices. Chana futures may trade sideways with a weaker bias and remain below 3,800 levels tracking weakness in spot markets.

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MCX NCDEX Tips ~ Intraday Commodity Market Updates Today 29 feb 2012

Today MCX Gold and Silver are trading at higher prices. Gold futures may trade sideways with downside remaining capped. Yesterday Silver touch its highest level Rs. 60,000 in last 2 month. It is trading above Rs. 61,000. We expect that it may touch the levels of Rs. 65,000 in upcoming trading session. All base metals are trading at positive prices today. Copper futures may trade sideways with a positive bias. Support for MCX April copper contract is seen at Rs.422 while resistance is seen at Rs.434. The upside of Crude oil prices may see some pause. Crude oil is trading in the range of Rs. 5200-5300.

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NCDEX ~ Agri commodity market updates

Pepper futures to trade higher for the day. Pepper futures (Mar) seems to be surpassing 36,500 levels amid good domestic demand and tight supply scenario. Outlook for Jeera is up for the day. Jeera futures may trade with a bearish bias & remain below 14,000 levels. Turmeric futures may continue to consolidate above 4,700 levels. Cardamom futures surpassing 1,000 levels may trade higher as the exporters are buying keeping in mind that arrival of the next crop will be in July. Outlook for Chana is up for the day. Guar Complex is expected to trade higher for the day. Outlook for Soybean is seen up for the day.

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MCX Gold and Silver Tips, Copper and Crude Updates, NCDEX Tips

Gold prices can trade in range of 28,250-28,500 while silver can trade in range of 56,500-57,200. Gold held steady on Wednesday near its highest level in more than two weeks. Copper may trade in range of 420-428 while lead may remain in range of 101-103.5 and nickel in range of 985-1005. Support for February copper is seen at Rs.412 while resistance is seen at Rs.424. Crude oil can trade in range of 5,150-5,250 in near term.

NCDEX Agri Commodity Market Updates Today 22 Feb 2012:
Pepper futures may trade higher surpassing 32,500 levels as there is positive sign of price increase from cash markets. Turmeric futures may trade range bound holding above 4700 levels. Cardamom futures may remain supportive over 800 levels on bullish sentiments. Jeera futures may continue to shed downside. Chana futures may trade higher on reports of weather concerns.

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MCX Trading Tips, NCDEX Live Tips, Intraday Market Updates

Today Bullion metals gold and silver are trading at positive price but Copper, Crude oil and other base metals are trading at negative price. Gold is trading in the range of Rs. 28,100-28,400 and silver is trading in the range of Rs. 56,200-56,450. Copper is trading in the of Rs. 410-420 and Crude oil is trading in the range of Rs. 5000-5100. All base metals are trading on a positive note today. We expect that all are trading same for the day.

Pepper futures to trade lower for the day. Pepper futures hit the upper circuit on good demand amid limited availability of the spice in the local market. Guar Complex is expected to trade higher for the day. Outlook for Soybean is seen down for the day. Outlook for Chana is up for the day. Outlook for Jeera is down for the day. Turmeric futures hit lower circuit amid rising arrivals in the spot markets after the recent surge in prices. Cardamom futures were down on reports of higher production estimates for 2012.

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MCX Intraday Commodity Market Updates for Today 16 Feb 2012

MCX Bullions Updates (Gold and Silver Tips):
Bullion counter can trade with negative bias tracking strong greenback. Gold can trade in range of 28,050-28,400 while silver can trade in range of 55,500-57,000. Gold traded little changed on Thursday.

MCX Base Metals Tips (Copper Updates):
Base metals may remain under selling pressure tracking weak international markets and lack of any solution to Greece. All base metals are trading on a negative note today. MCX Copper is trading in the range of Rs. 410-418. Support for February copper is seen at Rs.404 while resistance is seen at Rs.416.

MCX Energy Tips (Crude Updates):
Crude oil can trade with positive bias in range of 4,980-5,100 in near term. Oil traded near a five-week high in New York after reports that Iran halted shipments to Europe and crude inventories declined for the first time in four weeks in the U.S., the world`s biggest consumer of the commodity.

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Latest Commodity Updates for 16 Feb 2012

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• Gold firms on hopes of greek deal.
• Crude oil at $101, supply worry trumps europe gloom.
• Copper steadies on stronger euro, greece prospects.
• Guarseed and guargum hit 4 pc upper circuit on firm export demand.

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MCX Commodity Tips - Intraday Market Updates for Today 15 Feb 2012

Bullion counter can trade with positive note tracking bounce back in international markets. Gold can trade in range of 28,050-28,400 while silver can trade in range of 55,500-57,000. Base metals may also see some bounce back on the hope of Greece rescue deal this week. Copper may trade in range of 415-424 while nickel may also trade in range of 980-1011. Support for February copper is seen at Rs.414 while resistance is seen at Rs.426. Crude oil can trade with positive bias in range of 4,900-5,050 in near term.

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mcx gold tips, mcx silver tips, copper updates, crude updates for 14 feb 2012

Gold & silver prices may continue to show some weakness. Gold and Silver are trading at negative prices today. Gold is trading in the range of Rs. 27,900-28,200 and Silver is trading in the range of Rs. 56,400-56,700 in today's trading session. Base metals counter may show negative movements tracking weakness in SHFE and LME prices. All base metals are trading at mixed prices today. Support for February copper is seen at Rs.412 while resistance is seen at Rs.424. Crude oil prices may trade with a positive bias tracking firm international prices. Crude oil is trading above Rs. 5000, it is trading in the range of Rs. 4950-5100.

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MCX Commodity Tips - Intraday Market Updates for Today 09 Feb 2012

Bullion counter can trade with mixed bias. Gold can trade range of 28,100-28,450 and Silver is trading in the range of Rs. 57,100-57,400. Spot gold inched lower on Thursday, after a nearly 1-percent drop in the previous session. All base metals can remain sideways with some profit booking can be seen at higher levels today. Copper can trade in range of 419-429 in MCX while lead may remain in range of 105.5-108.5 and zinc in range of 103.5-105.5. Copper futures rose to a 20-week high after the government pledged to support first-time home buyers in China. Support for MCX February copper is seen at Rs.418 while resistance is seen at Rs.431. Crude oil can also trade in range while natural gas investors will eye the outcome of inventory report today. Crude oil can trade in range of 4,800-4,950 in near term.

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mcx gold tips, mcx silver tips, copper updates, crude updates for 08 Feb 2012

Bullion counter can trade with positive bias tracking strong international markets but investors will eagerly eye the euro zone debt solution. Gold can trade range of 28,250-28,500 and Silver may trade in the range of Rs. 57,500-57,800 in today's trading session. Base metals can remain sideways with positive bias. Copper can trade in range of 417-425 in MCX while lead may remain in range of 105-109 and zinc in range of 103-105. Copper prices steadied in London on Wednesday, after two straight days of losses. Crude oil can also trade with upside bias while natural gas can trade weak. Crude oil is trading at higher prices and trading above Rs. 4900. We expect that it may again touch the levels of Rs. 5000 in upcoming trading session.

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MCX Commodity Tips and Updates for Today 07 Feb 2012

Bullion counter can trade on volatile path as the fluctuation in domestic currency has curbed much of the downside seen in international markets. Gold can trade range of 27,850-28,150 and Silver is trading above Rs. 56,000. Base metals can remain sideways. Copper can trade in range of 415-425 in MCX while lead may remain in range of 105-108 and zinc in range of 102.104. Crude oil can also trade flat amid mixed sentiments. Copper is trading above Rs. 415 and naturalgas is trading in the range of Rs. 125-128 in today's trading session.

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NCDEX Agri Commodity Market Updates, Live NCDEX Tips

Turmeric futures may trade range bound, facing resistance near 4,700 levels. Jeera futures may remain below 14,870 levels. Pepper futures may trade in weak zone. Pepper prices are likely to trade lower on higher arrivals in the spot market. Cardamom ended higher on strong export demand at the current price levels. Outlook for Soybean is seen up for the day. Guar Complex is expected to trade higher for the day. Outlook for Chana is up for the day. Outlook for Jeera is down for the day. Pepper futures to trade lower for the day. 

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