DAILY COMMODITY REPORT BY EPIC RESEARCH-16 OCTOBER 2012
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DAILY COMMODITY REPORT
16TH OCTOBER 2012
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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
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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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