Wednesday, March 9, 2011

www.shyamadvisory.com


Currently, Domestic commodities markets are trading with negative note. Most of the indices are showing downward trend on Multi Commodity Exchange (MCX) except MCXMETAL. At MCX futures, MCXCOMDEX is trading at 3,535.88 (down by 0.15%), MCXENERGY is trading at 3,294.02 (down by 0.35%), MCXAGRI is trading at 2,846.75 (down by 1.22%), and MCXMETAL is trading at 4,476.70 (up by 0.37%). (At 02:55 PM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,123.34, up by 0.98% (At 02:51 PM today).

On the domestic front, gold futures are trading with negative note, moving away from recent record highs, due to tracking weak global cues. April future declined as much as 0.33% to Rs. 20,952.00 per 10 kg on the Multi Commodity Exchange (MCX) today. April future dropped 0.28% to $1,423.2 per ounce in New York as crude prices declined from a 29-month high, easing concern over rising inflation and reducing investment appeal for the yellow metals as a wealth of protection.

By Shyam advisory (SA) at Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 20,996.00 per 10 grams, down by 0.10%, after opening at Rs. 20,990.00 against the previous close price of Rs. 21,022.00. It touched the intra-day low of Rs. 20,952.00 till the trading. (At 02:50 PM today).

By Shyam advisory (SA) at COMEX, gold future for April contract is trading at $1,426.6 per ounce, down by 60 cents, after opening at $1,429.7 against the previous close price of $1,427.2 per ounce. It touched the intra-day low of 1,423.2 with a business volume of 15,552 lots till the electronic trading. (At 02:48 PM today).

The top gainers at MCX are Cardamom for March contract (3.00%), Cardamom for April contract (3.00%), Cardamom for May contract (2.92%), Potato TRWR for May contract (2.90%) and Cardamom for June contract (2.69%). (At 02:46 PM today).

The top losers at MCX are Brent crude oil for April contract (-2.51%), Natural gas for April contract (-2.07%), Natural gas for March contract (-2.07%), Natural gas for May contract (-1.91%) and Refined soya oil for May contract (-0.94%). (At 02:45 PM today).

The top gainers at NCDEX are Potato for June contract (3.00%), Potato for September contract (2.5%), Guar seed for July contract (2.4%), Potato for July contract (2.3%) and Guar seed for June contract (2.1%). (At 02:44 PM today).

The top losers at NCDEX are Jeera for May contract (-1.3%), Jeera for April contract (-1.2%), Gur for September contract (-1.00%), Jeera for March contract (-1.00%) and Gur for July contract (-0.7%). (At 02:42 PM today).

On the domestic front, Potato futures prices continued to rise due to firm spot demand in order to meet the ongoing marriage season demand in India. March future surged by Rs. 11.9, or 1.63%, to Rs. 738.00 per 100 kgs, while April future climbed by Rs. 16, or 2.31%, to Rs. 708.00 per 100 kgs on the Multi Commodity Exchange (MCX) today. Moreover, restricted fresh arrivals from the major producing regions also kept the futures prices in positive zone.

By Shyam advisory (SA) at Multi Commodity Exchange (MCX), potato future for March contract is trading at Rs. 728.00 per 100 kgs, up by 0.26%, after opening at Rs. 725.10 against the previous close price of Rs. 726.10. It touched the intra-day high of 738.00 till the trading. (At 02:38 PM today).

Copper for April contract, at MCX, is trading at Rs. 435.25 per kg (up by 0.29%) after opening at Rs. 433.05 against the previous close price of Rs. 434.00 with intra-day high of Rs. 436.40 till the trading. (At 02:37 PM today).

Natural gas declined today, after gaining 1.88% yesterday, on the back of tracking weak global cues. March future dropped as much as 2.40% to Rs. 174.30 per mmBtu on the Multi Commodity Exchange (MCX).

April future dropped 0.39% to $3.849 per mmBtu in New York today on forecasts of warmer than normal weather in U.S. from March 14 through 18 that may reduced the demand for heating fuel. Temperature may at 8 degrees above normal in the central U.S., according to WSI Corp. in Andover, Massachusetts. Expectation of milder weather may reduce the demand for the heating fuel as it is used as a heating purpose in the residence during the cold weather. About 52 percent of U.S. households use natural gas for heating, according to the Energy Department.

By Shyam advisory (SA) at Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 174.90 per mmBtu, down by 2.07%, after opening at Rs. 177.20 against the previous close price of Rs. 178.60 per mmBtu. It touched the intra-day low of Rs. 174.30 till the trading. (At 02:34 PM today).

By Shyam advisory (SA) aT NYMEX, natural gas future for April contract traded at $3.860 per million British thermal units, down by 0.10%, after opening at $3.854 against the previous close price of $3.864. It touched the intra-day low of $3.849 till the electronic trading. (At 02:33 PM today).

By Shyam advisory (SA) at Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,723.00 per barrel, down by 0.04%, after opening at Rs. 4,715.00 against the previous close price of Rs. 4,725.00. It touched the intra-day low of Rs. 4,700.00 till the trading. (At 02:32 PM today).

Crude oil for April future, at NYMEX, is trading at $104.64 per barrel, down by 38 cents, after opening at $104.96 against the previous close price of $105.02. It touched the intra-day low of $104.21 with a business volume of 13,625 lots till the electronic trading. (At 02:30 PM today).

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