Spot silver prices in the international markets declined by 0.57 percent and closed at $15.67/oz.Last week, spot silver prices in the international markets traded lower in line with weakness in gold prices ,Strengthening dollar also acted as a negative factor for oil prices

2. ✍ MCX DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 31 JUL 2015 113 112 111 109 108 107 106 105 104
COPPER 31 AUG 2015 382 381 380 379 377 376 375 374 373
CRUDE OIL 20 JUL 2015 3620 3600 3580 3540 3520 3500 3480 3460 3440
GOLD 05 AUG 2015 2655
0
26500 26450 26400 26350 26300 26250 26200 26150
LEAD 31 JUL 2015 117 116 115 114 113 112 111 110 109
NATURAL GAS 28 JUL 2015 182 180 178 176 174 172 170 168 166
NICKEL 31 JUL 2015 790 786 782 778 774 770 766 762 758
SILVER 03 JUL 2015 3670
0
36600 36500 36400 36300 36200 36100 36000 35900
ZINC 31 JUL 2015 133 132 131 130 129 128 127 126 125
✍ MCX WEEKLY LEVELS
WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 31 JUL 2015 116 114 112 109 107 105 102 100 98
COPPER 31 AUG 2015 386 383 380 377 374 371 369 366 363
CRUDE OIL 20 JUL 2015 3630 3600 3570 3540 3510 3490 3460 3430 3400
GOLD 05 AUG 2015 26700 26600 26500 26400 26300 26200 26100 26000 25900
LEAD 31 JUL 2015 121 119 117 115 112 110 108 106 104
NATURAL GAS 28 JUL 2015 188 185 182 179 176 173 169 166 163
NICKEL 31 JUL 2015 810 800 790 780 770 760 750 740 730
SILVER 03 JUL 2015 37100 36900 36700 36400 36200 36000 35800 35600 35400

3. ✍ NCDEX DAILY LEVELS
DAILY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 AUG 2015 590 588 586 584 582 580 578 576 575
SYBEANIDR 20 AUG 2015 3680 3572 3464 3396 3356 3288 3248 3140 3032
RMSEED 20 JUL 2015 4517 4425 4333 4277 4241 4185 4149 4057 3965
JEERAUNJHA 20 JUL 2015 17576 17076 16576 16243 16076 15743 15576 15076 14576
CHANA 20 JUL 2015 4525 4451 4377 4343 4303 4269 4229 4155 4081
CASTORSEED 20 JUL 2015 4249 4193 4137 4108 4081 4052 4025 3969 3913
✍ NCDEX WEEKLY LEVELS
WEEKLY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 AUG 2015 599 596 593 590 587 584 581 579 576
SYBEANIDR 20 AUG 2015 3965 3757 3549 3439 3341 3231 3133 2925 2717
RMSEED 20 JUL 2015 4727 4569 4411 4316 4253 4158 4095 3937 3779
JEERAUNJHA 20 JUL 2015 19263 18238 17213 16561 16188 15536 15163 14138 13113
CHANA 20 JUL 2015 4707 4574 4441 4375 4308 4242 4175 4042 3909
CASTORSEED 20 JUL 2015 4429 4319 4209 4144 4099 4034 3989 3879 3769

4. MCX - WEEKLY NEWS LETTERS
INTERNATIONAL NEWS
✍ BULLION
Spot silver prices in the international markets declined by 0.57 percent and closed at
$15.67/oz.Last week, spot silver prices in the international markets traded lower in line with
weakness in gold prices ,Strengthening dollar also acted as a negative factor for oil prices
In the international markets, spot gold prices declined by 0.6 percent last week and closed at
$1167.44/oz. On the MCX, gold prices declined by 0.65 percent last week and closed at
Rs.26352/10 gms. Spot gold prices traded negative last week although data showed the U.S.
labor market was weaker in June than expected, indicating that the Federal Reserve may hold
off from raising interest rates in September. The market was also following developments in the
Greek debt crisis, which has so far failed to trigger strong retail demand for the metal, which is
often perceived as a safe-haven asset. The dollar strengthened and hopes for progress in the
Greek crisis revived after the country told international creditors Athens could accept their
bailout offer if some conditions were changed. Good ADP data from the US also resulted in
optimism about labor market in turn exerting downside pressure on the yellow metal. The
chairman of the Euro-group said it was too late to extend Greece's existing bailout and that the
country's stance toward its creditors and euro zone partners would have to change before a new
program could be agreed.
The referendum on Sunday said no to the austerity measures proposed by the creditors which
would result in stronger dollar and weak euro. A decade after China kicked off a series of gold
market reforms, plans to establish a yuan price fix mark one of Beijing's biggest step so far to
capitalism on the country's position as the world's top producer and a leading consumer. While
no immediate threat to the gold pricing dominance of London and New York, the benchmark
could ultimately give Asia more power over bullion trade, particularly if the yuan becomes
fully convertible, industry sources say. In other news from the gold industry, the Reserve Bank
of India and the finance ministry are in talks to scrap bulk import license for a gold-silver alloy
used by domestic refiners, months after relaxing curbs on gold imports.
✍ CRUDE OIL
Last week, NYMEX crude oil prices declined by 4.53 percent and closed at Rs.56.93/bbl ,On
the MCX, crude prices declined by 7.73 percent and closed at Rs.3520/bbl. Last week oil prices
traded lower as latest data on the U.S. oil rig count from Baker Hughes. The firm said the
number of rigs drilling for oil rose by 12 this week, the first rise since December. But with the
Greek debt crisis unresolved and Iran nuclear talks ongoing, coupled with Friday's Fourth of
July holiday making for a longer-than-usual weekend, some caution prevailed, limiting the
rally. The sell off was a jolt to crude traders and investors who have seen U.S. prices in fairly

5. tight trading ranges over the past 10 weeks versus sharper moves down in European oil. Oil
prices declined on Thursday with WTI and Brent falling by 4.2 and 2.5 percent respectively. It
is the biggest daily drop since April after oil stockpiles in the United States rose for the first
time in more than two months. With U.S. refined fuel trading leading the rally on bets for
strong summer demand, even as Greece's move toward a debt default threatened to jolt global
markets. The extension of a deadline for a nuclear deal that will let Iran export more crude into
an oversupplied market was another bearish factor the market overlooked. U.S. crude oil
production rose 9,000 barrels a day to 9.701 million barrels a day in April, the highest since
May 1971, the U.S. Energy Information Administration said in monthly data released Tuesday.
Technology for tapping shale oil has helped the U.S. unlock vast reserves of crude that were
previously inaccessible, boosting production.
✍ COPPER
MCX copper declined by 0.1 percent to close at Rs.370/kg in the last week despite Rupee
appreciation. LME Copper prices declined last week by 0.5 percent on concerns that Greece
will default on its debts and exit the euro zone kept global investors wary and hurt the risk
sentiments in the markets. Apart from Greece concerns, dollar also gained aground from strong
US consumer confidence data and exerted further pressure on dollar denominated base metals.
Comment by Federal Reserve vice chairman Stanley Fischer that "tentative" signs of wage
growth and continued job creation gave him confidence that US labor markets would continue
to improve, and gradually help push inflation towards the Fed's 2 per cent target. EIA Crude
inventories rose 2.4 million barrels to 465.4 million in the week to June 26. Gasoline stocks fell
1.8 million barrels. Distillate stockpiles, which include diesel and heating oil, rose 392,000
barrels
✍ NCDEX - WEEKLY NEWS LETTERS
✍ Indian agri markets
Near term trend depends on the rainfall activities in the growing states as conflation reports
emerge on the monsoon for the month of july. Short term trend is likely to remain volatile for
agri commodities with Indian markets unable to recover strongly as rains persist. However
when skies clear up, markets are likely to recover strongly with demand expected to rise
significantly at these low rates.A moderately bearish sentiment continued to prevail for the Agri
commodities as rains in Central, North and North-West India kept pressure on the market
sentiments.However, prices do seem to find some support at these lower levels and the near
term trend depends on the rainfall activities in the growing states as conflicting reports emerge
on the Monsoon for the month of July.Sentiments weakened for Chana as rains in kharif Pulses
growing areas and reports of Govt likely to hold meeting next week on controlling prices, kept
trend down for the commodity. But with prices having fallen a lot, some moderate recovery too
is not ruled out as demand picks up in mandis. Prices fell for Jeera as low export demand
amidst moderate arrivals in mandis kept sentiments weak for the counter.

6. ✍ Refined soya oil
Supported by rising demand at the spot market, refined soya oil prices rose by 0.26 per cent to
Rs 586.50 per 10 kg in futures trading on Friday.At the National Commodity and Derivatives
Exchange, refined soya oil for delivery in August was trading higher by Rs 1.55, or 0.26 per
cent to Rs 586.50 per 10 kg in a business turnover of 2,17,155 lots.Similarly, the oil for
delivery in October contracts edged higher by Rs 1.45, or 0.25 per cent to Rs 572.50 per 10 kg
in 72,645 lots.The rise in refined soya oil prices to positions built up by speculators, powered
by firm demand at the spot market against restricted supplies from producing belts.
✍ Castorseed
Castor seed futures traded lower at the NCDEX in the midst of weak trend at spot markets due
to slackened demand at prevailing levels. At the NCDEX, castor seed futures for aug 2015
contract was closed at 4079 down by 0.55 per cent. It touched the intra-day low of Rs. 4053 till
the trading. Weak trend at the markets due to absence of buying support at prevailing levels
against increased supplies in the market, mainly dragged down the castor seed prices at futures
trade. Castor oil, extracted from castor seed is the largest vegetable oil exported out of India.
✍ Jeera
Jeera prices fell 0.77 per cent to Rs 16,065 per quintal in futures trade on friday today amid
higher supplies from producing belts at the spot market.At National Commodity and
Derivatives Exchange, jeera for delivery in July contracts fell by Rs 125, or 0.77 per cent, to Rs
16,065 per quintal with an open interest of 14,136 lots.Similarly, the spice for delivery in
August traded lower by Rs 115, or 0.70 per cent, to Rs 16,215 per quintal in 15,612 lots.Before
that Jeera prices were up 1.07 per cent to Rs 16,105 per quintal in futures trade on wednesday
after speculators widened positions, triggered by restricted supplies from growing regions.Firm
demand at the spot market also influenced jeera prices.At the National Commodity and
Derivatives Exchange, jeera for delivery in July shot up by Rs 170, or 1.07 per cent to Rs
16,105 per quintal with an open interest of 16,869 lots.The spice for delivery in August
contracts gained Rs 150, or 0.93 per cent to Rs 16,290 per quintal in 13,416 lots.Offloading of
positions by speculators, triggered by higher supplies from producing belts in the physical
market, kept pressure on jeera prices at futures trade.
✍ Chana
Extending losses for the second straight day, chana prices drifted down by 1.66 per cent to Rs
4,159 per quintal in futures trade today on offloading of positions by speculators.Higher
supplies from producing belts at the spot market only added to the fall.At the National

7. Commodity and Derivative Exchange, chana for delivery in July dropped by Rs 70, or 1.66 per
cent, to Rs 4,159 per quintal with an open interest of 67,860 lots.Similarly, the commodity for
delivery in August contracts traded lower by Rs 59, or 1.36 per cent, to Rs 4,269 per quintal in
1,70,270 lots.Where as on Wednesday Chana prices jumped 1.92% to Rs 4,245 per quintal
infutures trade mostly powered by rising demand at the physical markets.Moreover,
expectations of lower output this year also supported the upward movement.At the National
Commodity and Derivatives Exchange, chana for delivery in July spurted by Rs 80, or 1.92%
to Rs 4,245 per quintal with an open interest of 97,460 lots.Similarly, the commodity for
delivery in August contracts shot up by Rs 50, or 1.16% to Rs 4,345 per quintal in 1,62,490
lots.Trimming of positions by speculators, triggered by higher supplies from producing belts,
mainly kept pressure on chana prices.
✍ Mustard seed
Mustard Seed prices closed lower by 0.38 per cent on Thursday at the National Commodity &
Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on
account of the weak crushing and export demand of mustard meal. Sentiment weakened further
due to the sluggish export demand as a result of the weak demand for the commodity.

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