commodity

WEEKLY COMMODITY TECHNICAL REPORT 02 DECEMBER TO 06 DECEMBER 2013 Gold: China emerges as top global consumer. China continues to be the largest consumer of largest varieties of commodities produced in the world; and as 2013 draws to a close, the dragon country is going to be the top global...

Menthaoil trading range for the day is 854.5-882.3.Menthaoil spot is at 962/-. Spot market is down by Rs.4/-.Mentha Oil ended with losses tracking weakness in spot demand.Sentiments weakened further due to sluggish demand from consuming industries in the spot market.Technically market is under...

Coriander prices fell by 0.19 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for December 2013 contract was trading at Rs. 7,680 per...

Intra-day strategy for MCX bullion is given below Support for MCX Gold December Support is seen at 29950 and 29800 levels while resistance is seen 30350 and 30500 levels. Support for MCX Silver December Support is seen at 43620 and 43250 levels while resistance is seen at 44400 and 44860...

Menthaoil trading range for the day is 869-883.8. Menthaoil spot is at 966/-. Spot market is down by Rs.2/-. Mentha oil ended with losses amid sluggish demand in the spot market against increased supplies from producing region. The total stock position of around 33-34 thousand tonnes of mentha...

Ref.Soya oil trading range for the day is 714-730.Ref.Soya oil settled up 0.35% on limited supplies in spot markets and gains in the overseas market.India's soybean production in 2013/14 is likely to drop 4.4 percent from the previous year to 10.23 million tonnes.Soyabean crushing has started...

Turmeric trading range for the day is 5182-5378.Turmeric ended with losses as lower demand and expectations of good crop have been keeping sentiments weak.Excessive rains in Andhra Pradesh, the top turmeric cultivating state, have raised concerns over the quality of the crop.NCDEX accredited...

Crudeoil trading range for the day is 5695-5933.Crude oil held on to losses after a government report showed that U.S. oil supplies rose more-than-expected last week.The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 3 million barrels The...

Intra-day strategy for MCX bullion is given below Support for MCX Gold December Support is seen at 29800 and 29600 levels while resistance is seen 30150 and 30350 levels. Support for MCX Silver December Support is seen at 43620 and 43250 levels while resistance is seen at 44500 and 44900...

Ref.Soya oil trading range for the day is 716-728.Ref soyoil ended with losses tracking weakness in spot demand on a stronger rupee and losses in overseas markets. The continuous appreciation of the rupee has been putting pressure on edible oil and oilseed prices.There are concerns that Iran may...

Crudeoil trading range for the day is 5839-5971.Crude inched lower as investors judged the historic deal between Iran and world powers would bring no immediate increase in supplies from OPEC member.Also supporting oil is a drop in Libya's exports to a fraction of its capacity because of protests...

Coriander prices rose by 0.04 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for December 2013 contract was trading at Rs...

Ref.Soya oil trading range for the day is 725-739.Ref soyoil dropped on profit booking after prices gained on positive overseas markets and declining arrivals in domestic markets. Arrivals were down due to election activities like campaigning in the state.The demand picked up during the demand...

Crudeoil trading range for the day is 5899-6105.Crude oil dropped on profit booking despite expectations dwindled of an imminent breakthrough in talks over Iran's nuclear programme.Sanctions on Iran have kept around 1 million bpd of oil from the global market and any deal could allow some of...

Castorseed prices fell by 0.32 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for January 2014 contract was trading at...

Crudeoil trading range for the day is 5865-6159. Crude oil jumped fuelled by a sharp run-up in gasoline and gas oil prices on news of dwindling stocks and refinery glitches in the United States and Europe. Unrest in Libya has helped support prices by stoking supply concerns. Adding further...

Cardamom prices fell by 0.07 per cent on Friday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. At MCX, Cardamom futures for December 2013 contract were...

Turmeric trading range for the day is 4952-5320.Turmeric ended with losses as traders booked profits driven by a weak trend at spot market on sluggish demand.Besides, subdued demand from retailers and stockists amid adequate stocks availability in the physical market too impacted the...

Turmeric trading range for the day is 4952-5320.Turmeric ended with losses as traders booked profits driven by a weak trend at spot market on sluggish demand.Besides, subdued demand from retailers and stockists amid adequate stocks availability in the physical market too impacted the...

Ref.Soya oil trading range for the day is 712-738.Ref soyoil ended with gains on robust demand in spot markets, a weaker rupee and as edible oil prices rose in the overseas markets.Besides because of heavy rains, yields have also gone down.As per the SEA the import of vegetable oils during Nov...