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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. Gold is likely to correct a bit on strong dollar," said Epic research. Copper steady as short term outlook cloudy. Recent numbers from China have clouded expectations on 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

Sell Natural Gas Oct Below 184.40 TGTS-182/179 SL-186.70

Sell Gold Dec Below 30960 TGTS-30920/30860 SL-31004


i

uncertain and investors are waiting for the Chinese GDP data and for news from LME week.

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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 7/19/2012

4556 5060 1188 14955 1044 19-Oct-12 42300

4573 5060 1188 14960 1053 42555

4525 5018 1178 14650 1035 4862 42250

4560 5120

4532 5018 1178 14800 1041 -0.62 42435 0.33 781.3 4315 -2.02 4540 -0.98 1282 -1.19

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

-0.61 -1.99 -0.46 -1.68 -0.76 4832 0.11 912.4 -0.2 0.28 59959 -2.66 30977 2.89 112.1

DAILY MARKET STATISTICS


1183.5 15052.5 1049 42390

Symbol
Crude Oil

Expiry Date

PCP

% Change

LTP

KAPAS PEPPER

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

31-Oct-12 780.5 783.6 4309 5-Dec-12 4330 4600 4676 5-Dec-12 1251 31-Oct-12 1282

909.4 777.4 782.85 4265.5 61198 4303 4518 4664 31284 1251 113.45 1246

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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