Copper prices retraced early losses Monday despite downbeat manufacturing reports on China. In China, the HSBC January manufacturing PMI us came in at 49.7, lower than the flash estimate of 49.8. Crude oil prices fell early on Monday after U.S. unions called a refinery strike and traders cashed in on strong price gains last week when the market soared more than 8 percent on a sharp drop in U.S. drilling. Brent crude oil futures were trading at $51.45 a barrel at 0240 GMT, while U.S. WTI futures were at $46.73 - both down over $1.50 per barrel.

1. COMMODITY SUMMARY 02.02.15
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Market Highlight
Copper prices retraced early losses Monday
despite downbeat manufacturing reports on
China. In China, the HSBC January
manufacturing PMI us came in at 49.7,
lower than the flash estimate of 49.8.
At the weekend, China said January CFLP
manufacturing PMI fell to 49.8 from 50.1 in
December, placing it in contraction even as
the timing of the Chinese New Year holiday
this year relative to last should have
boosted the January reading.
Crude oil prices fell early on Monday after
U.S. unions called a refinery strike and
traders cashed in on strong price gains last
week when the market soared more than 8
percent on a sharp drop in U.S. drilling.
Brent crude oil futures were trading at
$51.45 a barrel at 0240 GMT, while U.S.
WTI futures were at $46.73 - both down
over $1.50 per barrel.
Natural gas futures declined for the third
consecutive session on Friday to hit the
lowest level in 28 months, as investors
assessed the near-term demand outlook
amid ample supplies. On the New York
Mercantile Exchange, natural gas for
delivery in March retreated 2.8 cents, or
1.03%, on Friday to settle at $2.691 per
million British thermal units by close of
trade.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 27078 27487 27832 28241 28586
GOLD MINI 27090 27501 27880 28291 28670
SILVER 36713 37409 37897 38593 39081
SILVER MINI 36719 37418 37898 38597 39077
COPPER 330.4 336.6 340.2 346.4 350.0
NICKEL 903.23 908.1 916.8 921.7 930.4
LEAD 112.5 113.2 114.0 114.6 115.4
ZINC 127.2 128.82 129.7 131.3 132.1
ALUMINIUM 111.0 112.20 112.9 114.1 114.8
N. GAS 162.5 165.4 167.6 170.5 172.7
CRUDE OIL 2728 2792 2829 2893 2930
MENTHAOIL 764.8 811.1 774.4 820.7 784.0
CPO 424.0 424.5 424.8 425.3 425.6
CARDAMOM 1055.0 1071.5 1081.5 1098.0 1108.0
COTTON 14076.7 14283.3 14436.7 14643.3 14796.7
MCX MARGIN
Commodity
Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 05-Feb-15 5.00% 27,89,500 1,39,475
GOLDM 05-Feb-15 5.00% 2,79,110 13,956
SILVER 05-Mar-15 7.68% 11,43,150 87,794
SILVERM 27-Feb-15 7.69% 1,90,580 14,656
COPPER 27-Feb-15 5.99% 3,42,850 20,537
NICKEL 30-Jan-15 7.14% 2,28,225 16,295
LEAD 30-Jan-15 6.02% 5,69,250 34,269
ZINC 30-Jan-15 5.00% 6,52,000 32,600
ALUMINIUM 30-Jan-15 5.00% 5,67,250 28,363
NATURALGAS 24-Feb-15 14.03% 2,10,500 29,533
CRUDEOIL 19-Feb-15 7.32% 2,85,500 20,899
MENTHAOIL 30-Jan-15 20.00% 3,08,664 61,733
CPO 30-Jan-15 5.00% 4,25,000 21,250
CARDAMOM 13-Feb-15 7.95% 1,08,790 8,649
COTTON 30-Jan-15 20.00% 3,62,250 72,450