Daily Commodity Market Data

Commodity Updates
- GOLD FIRMS WITH EURO, STOCKS AHEAD OF ECB FINANCING.
- OIL DOWN NEAR $109 ON DEMAND CONCERNS.
- OPPER HITS TWO-WEEK HIGH ON ECB INJECTION.
- INDIAN SPICES COMPLEX TRADE BULLISH.


MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
WED 29TH       FEB	5:45am	USD	FOMC Member Pianalto Speaks
	7:00pm	USD	Prelim GDP q/q	2.8%	2.8%
	7:00pm	USD	Prelim GDP Price Index q/q	0.4%	0.4%
	8:15pm	USD	Chicago PMI	61.6	60.2
	8:30pm	USD	Fed Chairman Bernanke Testifies
	9:00pm	USD	Crude Oil Inventories	1.4M	1.6M

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Gold Silver Live Updates

Silver is looking very bullish & expecting bullish more. Silver Open in low, but at midday trading silver again bounce backed & finally on bullish trend. Same situation with Gold , gold can see more level of upside & would be 28820+ level today.

MCX Commodity Live

MCX Commodity Updates
- GOLD SLIPS AS EUROPE CONCERNS LINGER; OIL SUPPORTIVE.
- CRUDE OIL BELOW $109, SUPPLY WORRIES SUPPORT.
- LME COPPER SLIPS, WEAKER GLOBAL OUTLOOK WEIGHS.
- DOMESTIC OIL AND OILSEED TRADE LOW ON GLOBAL CUES.


Live Commodity Data

Date	Time	Currency	Economic Data	Forecast	Previous
TUE 28TH       FEB	7:00pm	USD	Core Durable Goods Orders m/m	0.0%	2.2%
	7:00pm	USD	Durable Goods Orders m/m	-0.6%	3.0%
	7:30pm	USD	S&P/CS Composite-20 HPI y/y	-3.6%	-3.7%
	8:30pm	USD	CB Consumer Confidence	63.2	61.1
	8:30pm	USD	FOMC Member Duke Speaks
	8:30pm	USD	Richmond Manufacturing Index	11	12

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MCX Commodity Live Updates

Gold Rose by 0.23% in Indian Comodity

Today We expect gold will trade on high & under the buying position. Gold prices rose by Rs 30 to Rs 28,895 per 10 grams in the bullion market here today, while silver gained Rs 150 to Rs 58,250 per kg on buying by retailers to meet the ongoing marriage season demand.

Traders said marriage season buying was so strong that even a weak trend in the overseas market failed to impact the sentiment. Shifting of funds from weakening equities to bullion also supported the uptrend in precious metals, they added.

Gold traded steady on Tuesday, trapped in a tight $4 range below $1,770, as a major cash injection action by the European Central Bank expected later this week supported sentiment. Gold posted losses in the previous two sessions as the momentum fizzled after bullion hit a more than three-month high last week, during which a Greece bailout deal and expectations of more monetary easing from key economies inspired gold bugs.

Copper Updates

Three-month copper on the London Metal Exchange slipped 0.2 percent to $8,517.75 a tonne by 0115 GMT, after ending nearly flat on Monday. Copper has gained 12 percent this year, but has been struggling to trade higher, given slack Chinese demand since after the Lunar New Year break in January. Copper has lost 2.8 percent since hitting a five-month high of $8,765 on Feb. 9.

The most-traded May copper contract on the Shanghai Futures Exchange gained 0.4 percent to 60,620 yuan ($9,600) a tonne.

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MCX Commoidty Live Market Data

MCX Updates
MCX Bullion - Gold & Silver both were on high on last trading day, both precious metal closed on high. Today trend is also seems good for buying. Base Metal also looking for up trend.

GOLD OFF 2-1/2-WEEK HIGH; GREECE STILL A WORRY.
OIL RETREATS, DRAGGED BY WEAK EUROPE ECONOMIC DATA.
COPPER PAUSES AFTER RALLY, CHINA DATA.
DOMESTIC OIL AND OILSEED TRADE LOW ON PROFIT BOOKING.

MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
THU 23RD      FEB	7:00pm	USD	Unemployment Claims	352K	348K
	8:30pm	USD	OFHEO HPI m/m	0.2%	1.0%
	9:00pm	USD	Natural Gas Storage	-146B	-127B
	9:30pm	USD	Crude Oil Inventories	0.9M	-0.2M

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Daily Commodity Updates, Crude Update

Gold & Silver Updates

Silver was let down from its previous price & seems to trade on high. Silver if breaks the level of 57850 then all positive trend is for buying. Chances for down side is very rear becuase of International trend. Gold also in plus mode but bot like silver, gold in consolidate phase. Both precious Metal perform mix trend.

Crude Updates

From the level of 5160 crude oil may go for more down side. Oil prices touched an intra-day high of $106.07/bbl and closed at $105.8/bbl on Tuesday. On the MCX, crude oil prices increased by 0.1 percent and closed at Rs.5219/bbl after touching an intraday high of Rs.5240/bbl yesterday. The American Petroleum Institute (API) is scheduled to release its weekly inventories today and crude oil inventories are expected to increase by 1.5 million barrels for the week ending on 17th February 2012. Gasoline stocks are expected to rise by 0.3 million barrels and distillate inventories are expected to decline by 1.1 million barrels for the same week. 

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Bullion Metals Updates

Bullion Report

In Bullion Market there a up trend can be seen. We expect both precious metal will open plat on up side & will trend on highr levels.

Silver prices rised at last trading day. Silver prices rose in major metros in India. In Chennai market, Pure silver (999 purity) gained by Rs 1000 at Rs 56000 and it was up by Rs 400 at Rs 56600 in the Delhi market.

While gold demand decline due to china Q4 result.

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MCX Commodity Live Updates

Gold Silver Updates

We expect gold & Silver both will trade from higher level, buying position can be arise form the higher levels.
Taking cues from rise in gold prices coupled with upside in base metals, spot silver gained sharply by more than 1 percent in yesterday’s trading session. The white metal touched an intra-day high of $33.66/oz and ended its trading session at  the level of $33.6/oz on Monday. 

Copper Updates
Base Metal King Copper also shows upper trend & here Copper may go for more high. We clearly suggest that copper can be buy at higher level it may touch 414.50 & after this level it may go for highr. The metal touched an intra-day high of $8396/tonne and closed at the level of $8259/tonne yesterday. On the MCX, Copper February contract touched an intra-day high of Rs409.40/kg and closed at Rs407.6/kg on Monday.  

In other base metal Lead if cross the level of 103 then it may go for next leve of 105, Lead can be good commodity for buy today.

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Commodity Trend, Gold Silver & Copper Updates

Gold all day in consolidate phase and at now point its shwoing some selling level but not clear figure seems in precious metal. The yellow metal touched an intra-day high of $1734/oz and was trading at $1732/oz till 4.30 pm IST today. On the MCX, Gold April contract rose around 0.2 percent as further gains were capped due to a stronger Rupee.

Copper agian bounced back & on high trade. Copper is on buying phase & seems good for next some trading hours. Copper prices came under pressure today mainly taking cues from sharp rise in the metal Shanghai inventories. Weekly copper inventories in warehouses monitored by the Shanghai Futures Exchange increased sharply by almost 10 percent to 217,142 tonnes this week. However, weakness in the US dollar cushioned sharp decline in prices. 

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Commodity Market Data, Bullion Updates

As expect Bullion market are in under the selling pressure, & both precious metals also in down side trend. Crude shows some positive phase & expected positive for the day. Gold Silver we expect for bearish trend.

Commodity Headlines

GOLD RETREATS AS WORRIES OVER GREECE HURT EURO.

CRUDE OIL REVERSES GAINS; GREECE WEIGHS.

COPPER SLIPS ON GREEK BAILOUT DELAY CONCERNS, WEAK EURO.

DOMESTIC OIL AND OILSEED TRADE STEADY.

Commodity Important Data

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 17TH    FEB	7:00pm	USD	Core CPI m/m	0.3%	0.1%
	7:00pm	USD	CPI m/m	0.3%	0.0%
	8:30pm	USD	CB Leading Index m/m	0.6%	0.4%

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