Natural gas prices swung between gains and losses in choppy trade on Wednesday, as market players continued to assess the outlook for U.S. Demand and supply levels. On the New York Mercantile Exchange, natural gas for delivery in February tacked on 2.4 cents, or 0.82%, to trade at $2.962 per million British thermal units during U.S. morning hours. Prices traded in a range between $2.913 and $2.989. A day earlier, natural gas rallied 5.6 cents, or 1.94%, to settle at $2.938. Futures were likely to find support at $2.805 per million British thermal units, the low from January 2, and resistance at $3.176, the high from January 5.

1. COMMODITY SUMMARY 08.01.15
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Market Highlight
Gold prices posted modest gains early
Thursday in Asia as investors noted the
Federal Reserve did not seem aggressive
on the timing of a widely expected hike in
interest rates this year.
On the Comex division of the New York
Mercantile Exchange, gold futures for
February delivery rose 0.18% to $1,212.90
a troy ounce.
Crude oil prices rose in Asia on Thursday as
investors noted patience by the Federal
Reserve in December meeting minutes on
the timing of a rate hike in 2015 and
responded to a slightly bullish report on U.S.
crude inventories. On the New York
Mercantile Exchange, crude oil for delivery in
February rose 0.20% to $48.75 a barrel
Overnight, West Texas Intermediate oil
futures came off the highest levels of the
session on Wednesday, after data showed
that oil supplies in the U.S. fell unexpectedly
last week, while gasoline and distillate
supplies surged.
Natural gas prices swung between gains
and losses in choppy trade on Wednesday,
as market players continued to assess the
outlook for U.S. demand and supply levels.
On the New York Mercantile Exchange,
natural gas for delivery in February tacked
on 2.4 cents, or 0.82%, to trade at $2.962
per million British thermal units during U.S.
morning hours. Prices traded in a range
between $2.913 and $2.989.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26974 27067 27214 27307 27454
GOLD MINI 26966 27063 27206 27303 27446
SILVER 36915 37339 37634 38058 38353
SILVER MINI 36946 37368 37656 38078 38366
COPPER 386.4 387.9 390.0 391.5 393.7
NICKEL 956.77 970.2 978.5 991.9 1000.2
LEAD 114.5 115.5 116.5 117.5 118.6
ZINC 132.5 133.72 135.8 137.0 139.0
ALUMINIUM 110.6 111.62 112.6 113.6 114.6
N. GAS 177.0 180.5 186.1 189.6 195.2
CRUDE OIL 2916 2996 3067 3147 3218
MENTHAOIL 747.1 752.1 759.9 764.9 772.7
CPO 460.0 464.4 467.0 471.4 474.0
CARDAMOM 904.5 915.9 926.4 937.8 948.3
COTTON 15530.0 15570.0 15640.0 15680.0 15750.0
MCX MARGIN
Commodity
Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Feb-15 5.00% 27,16,100 1,35,805
GOLDM 05-Feb-15 5.00% 2,71,590 13,580
SILVER 05-Mar-15 7.26% 11,32,860 82,246
SILVERM 27-Feb-15 7.24% 1,88,950 13,680
COPPER 27-Feb-15 5.00% 3,89,400 19,470
NICKEL 30-Jan-15 6.00% 2,45,925 14,756
LEAD 30-Jan-15 5.00% 5,82,250 29,113
ZINC 30-Jan-15 5.00% 6,74,500 33,725
ALUMINIUM 30-Jan-15 5.00% 5,63,250 28,163
NATURALGAS 27-Jan-15 12.29% 2,30,000 28,267
CRUDEOIL 16-Jan-15 9.33% 3,07,700 28,708
MENTHAOIL 30-Jan-15 5.00% 2,72,520 13,626
CPO 30-Jan-15 5.00% 4,68,700 23,435
CARDAMOM 15-Jan-15 17.70% 92,720 16,411
COTTON 30-Jan-15 5.00% 3,90,250 19,513