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DAILY COMMODITY REPORT BY EPIC RESEARCH-16 OCTOBER 2012

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DAILY COMMODITY REPORT BY EPIC RESEARCH-16 OCTOBER 2012 Powered By Docstoc
					                  DAILY COMMODITY REPORT
                     16TH OCTOBER 2012




WWW.EPICRESEARCH.CO                        +91 9752199966
                             HEADLINES

                               Gold expected to drop below 1-week low.

                            Indian gold is likely to extend losses past its lowest level in
                            a week, hit on Monday, weighed by a stronger dollar
                            overseas, considered an alternative to the yellow metal.
                            The dollar and gold often move in opposite directions as
                            the two compete for funds globally. The euro slipped
   TRADING TIP:            against the dollar as traders awaited clarity on when Spain
                            would request a bailout to shore up its battered finances.
 Sell Natural Gas Oct       Gold is likely to correct a bit on strong dollar," said Epic
                            research.
 Below 184.40
                               Copper steady as short term outlook cloudy.
 TGTS-182/179
                            Recent numbers from China have clouded expectations on
 SL-186.70                  whether it will take more steps to shore up growth, with a
                            decline in the country's annual consumer price inflation
                            pointing to ample room for policy easing, but a strong
                            rebound in September exports suggesting policy changes
                            may not be needed for now. Copper trading is range bound
                            at the moments as in the short term the situation is still
                            uncertain and investors are waiting for the Chinese GDP
Sell Gold Dec
                            data and for news from LME week.
Below 30960             i

TGTS-30920/30860
SL-31004



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PRODUCT            EXP DATE    OPEN        HIGH    LOW           CLOSE      LTP       CHG     PERCENTAGE
 NAME                                                                                           CHANGE



 CHANA            7/19/2012    4556        4573    4525           4560     4532       -28        -0.61

                                  DAILY MARKET STATISTICS
 CHILLI           7/19/2012    5060        5060    5018           5120     5018       -102       -1.99


  GUR             7/19/2012    1188        1188    1178          1183.5    1178       -5.5       -0.46


 JEERA            7/19/2012   14955        14960   14650         15052.5   14800     -252.5      -1.68
      Symbol                  Expiry Date                 PCP              % Change             LTP
 KAPAS            7/19/2012    1044        1053    1035           1049     1041        -8        -0.76
      Crude Oil                19-Oct-12                  4862               -0.62              4832
 PEPPER           7/19/2012   42300        42555   42250         42390     42435       45        0.11

       Nickel                   31-Oct-12               909.4                 0.33             912.4
REF SOYA      7/19/2012        780.5      783.6    777.4      782.85       781.3      -1.55      -0.2


       Silver 7/19/2012
SOY BEAN                        5-Dec-12 4330
                               4309                4265.5
                                                        61198 4303         4315
                                                                             -2.02     12        0.28
                                                                                               59959

TURMERIC    7/19/2012          4600      4676      4518      4664          4540       -124       -2.66
       Gold                     5-Dec-12               31284                 -0.98             30977
 WHEAT            7/19/2012    1251        1282    1251           1246     1282        36        2.89

           Lead                31-Oct-12               113.45                -1.19             112.1



           Zinc                31-Oct-12               101.4                 -0.94             100.45



          Copper               30-Nov-12               434.9                 -0.08             434.55



     Aluminium                 30-Oct-12               104.8                 -0.62             104.15




        WWW.EPICRESEARCH.CO                                                          +919752199966
                           DAILY MCX GOLD CHART
                                    




ANALYSIS
OPEN: 31251
HIGH: 31251
LOW: 30956
CLOSE: 30977

      GOLD LOOKS DOWNWARD
      TREND: BEARISH
      STRATEGY: SELL ON RISE
                          DAILY MCX SILVER CHART




 ANALYSIS
OPEN: 61066
HIGH: 61066
LOW: 59858
CLOSE: 59959

       SILVER LOOKS DOWNWARD
       TREND: BEARISH
       STRATEGY: SELL ON RISE




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