1) Crude oil prices fell but recovered slightly as negotiations between Iran and world powers showed some progress towards a nuclear deal, which could lead to sanctions on Iran being lifted and more of its oil exports. 2) Gold and silver prices were flat to higher while copper prices rose modestly amid speculation of more stimulus from China to support its economy. 3) The document provides support and resistance price levels for various commodities as well as margin requirements for trading contracts on the MCX exchange in India.

1. COMMODITY SUMMARY 31.03.15
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Market Highlight
Crude prices finished sharply off the day's
lows, however, as prospects that the talks
would produce a deal looked even at best,
with just 24 hours before the March 31
deadline.
Iran and negotiators for the world powers
have made progress in their discussions,
according to officials following the talks in
Lausanne, Switzerland, and many investors
believe there will be some sort of an
agreement to free Tehran from at least part
of the U.S.-led sanctions that have
restricted its oil exports.
On the Comex division of the New York
Mercantile Exchange, gold futures for June
delivery rose 0.06% to $1,186.00.
Elsewhere, silver futures for May delivery
gained 0.28% to $16.720 a troy ounce.
Copper futures for May delivery were flat at
$2.781 a pound. Overnight, gold futures
plunged on Monday more than $15 an
ounce, amid a stronger U.S. dollar as
metals traders awaited a potential deal
regarding the destabilization of Iran's
nuclear program.
Copper prices inched up modestly on
Monday, amid speculation policymakers in
China will do more to support growth, but
gains were limited as the dollar pushed
higher.
On the Comex division of the New York
Mercantile Exchange, copper for May
delivery eased up 0.9 cents, or 0.33%, to
trade at $2.777 a pound during European
morning hours. Prices held in a range
between $2.748 and $2.790.
SUPPORT AND RESISTANT LEVEL
COMMODITY S2 S1 PP R1 R2
GOLD 26097 26184 26321 26408 26545
GOLD MINI 26034 26137 26302 26405 26570
SILVER 36905 37185 37693 37973 38481
SILVER MINI 36886 37177 37717 38008 38548
COPPER 381.3 383.1 385.0 386.8 388.8
NICKEL 773.97 786.7 810.6 823.3 847.2
LEAD 112.8 113.5 114.2 114.9 115.6
ZINC 128.7 129.95 130.7 131.9 132.6
ALUMINIUM 110.4 111.17 111.7 112.4 112.9
N. GAS 162.8 164.7 166.7 168.6 170.6
CRUDE OIL 2921 2969 3047 3095 3173
MENTHAOIL 806.4 813.4 818.2 825.2 830.0
CPO 433.3 434.2 434.7 435.6 436.1
CARDAMOM 907.3 916.4 929.1 938.2 950.9
COTTON 15156.7 15243.3 15346.7 15433.3 15536.7
MCX MARGIN
Commodity
Expiry
Margin
%
Lot
Value(Rs)
Approx
Margin
(Rs)
GOLD 03-Apr-15 5.00% 26,44,000 1,32,200
GOLDM 01-Apr-15 5.00% 2,59,700 12,985
SILVER 05-May-15 5.00% 10,91,130 54,557
SILVERM 30-Apr-15 5.00% 1,81,955 9,098
COPPER 30-Apr-15 5.70% 3,70,700 21,130
NICKEL 30-Apr-15 6.00% 2,16,725 13,004
LEAD 30-Apr-15 5.00% 5,41,750 27,088
ZINC 31-Mar-15 5.00% 6,30,750 31,538
ALUMINIUM 30-Apr-15 5.00% 5,59,750 27,988
NATURALGAS 27-Apr-15 10.17% 2,21,875 22,565
CRUDEOIL 20-Apr-15 7.68% 2,86,200 21,980
MENTHAOIL 31-Mar-15 5.34% 2,86,776 15,314
CPO 31-Mar-15 5.00% 4,38,900 21,945
CARDAMOM 15-Apr-15 7.24% 96,620 6,995
COTTON 31-Mar-15 5.00% 3,72,500 18,625