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DAILY COMMODITY REPORT 25TH FEBRUARY 2013

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HEADLINES
Gold demand moderate as prices soften.

Gold demand in India, the world's biggest consumer of the metal, was moderate on Friday as the correction in prices lured some jewellers, but some investors were on the sidelines hoping for a sharp drop in future. As of 1206 GMT, the most active gold contract for April delivery on India's Multi Commodity Exchange (MCX) was 0.69 percent lower at 29,537 rupees per 10 grams. The contract hit a seven-month low of 29,263 rupees. At this point of time people are thinking there can be more lows so they are waiting for a correction," said Mohit Kamboj, president of the Bombay Bullion Association. The rupee, which plays an important role in determining the landed cost of the dollar-quoted yellow metal rose.

TRADING TIP:

Sell Crude Oil Mar Around 5100 TGTS-5070/5030 SL-5130 Sell Copper Feb Around 426 TGTS-423/419 SL- 429

Base metals under pressure, gravity-defying prices come back to Earth. Base metals were unsettled in premarket, moving into a sideways-to-lower pattern after an slight recovery during Asian trading earlier this morning. It has been a massive down week and we have seen a small reaction to that today, a trader said. This is to be expected preweekend after a sell-off. This isnt a correction. [Metal] prices have been defying gravity of late and we are now seeing some realism come back into markets.

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People will be selling rallies rather than buying dips, +91 9752199966 the trader added. Unless something rises to the rescue for commodities we will see sideways to selling into

PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI GUR JEERA

7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012

4556 5060 1188 14955 1044

4573 5060 1188 14960 1053

4525 5018 1178 14650 1035

4560 5120

4532 5018 1178 14800 1041 -0.10 42435 0.10 781.3 4315 0.70 4540 0.40 1282 0.30

-28 -102 -5.5 -252.5 -8 45 -1.55 12 -124 36

-0.61 -1.99 -0.46 -1.68 -0.76 5047.00 0.11 918.60 -0.2 0.28 53702.00 -2.66 29605.00 2.89 125.10

DAILY MARKET STATISTICS


1183.5 15052.5 1049

Symbol

Expiry Date

PCP

% Change

LTP

KAPAS

Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012

19-Mar-13 42300 42555 28-Feb-13 780.5 783.6 4309 5-Mar-13 4330 4600 4676 5-Apr-13 1251 28-Feb-13 1282

5069.00 42250 42390 917.50 777.4 782.85 4265.5 53304.00 4303 4518 4664 29487.00 1251 124.75 1246

Zinc

28-Feb-13

112.30

0.30

112.60

Copper

28-Feb-13

423.55

0.01

423.75

Aluminium

28-Feb-13

109.20

0.10

109.30

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DAILY MCX GOLD CHART

ANALYSIS
OPEN: 29560 HIGH: 29623 LOW: 29548 CLOSE: 29605

GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

DAILY MCX SILVER CHART

ANALYSIS
OPEN: 53428 HIGH: 53735 LOW: 53428 CLOSE: 53702

SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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