DAILY COMMODITY REPORT 18TH DECEMBER 2012

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 HEADLINES

Gold struggles to break USD 1,700/oz, US fiscal talks eyed. Gold struggled to break resistance at USD 1,700 an ounce, with many investors stood on the sidelines in the penultimate week of the year, watching US

TRADING TIP:

lawmakers inch towards a deal to avert fiscal calamity. In a fresh offer to resolve the standoff on talks on the fiscal cliff - USD 600 billion worth of tax hikes and spending cuts to kick off in the new year, President Barack Obama is seeking USD 1.2 trillion from higher tax revenues and is willing to agree to USD 1.22 trillion in spending cuts. Copper falls after its stockpiles jump the most in four years. Copper fell for a third day in London after stockpiles

Sell Zinc Dec Below 113.10 TGTS-112.50/111.80 SL-113.80

Buy Copper Feb Above 447 TGTS-449/452 SL-445

monitored by the London Metal Exchange jumped the most in more than four years fueling concerns demand for the metal is weak. Copper inventories in warehouses tracked by the LME rose for an eighth session, climbing 9.5 per cent to 298,625 metric tons, the most since September 5, 2008, exchange data showed. Stockpiles are at the highest since February 28.

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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

4556 5060 1188 14955 1044

4573 5060 1188 14960 1053

4525 5018 1178 14650 1035

4560 5120

4532 5018 1178 14800 1041 1.23 42435 -0.36 781.3 4315 0.22 4540 0.40 1282 1.17

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

-0.61 -1.99 -0.46 -1.68 -0.76 4786 0.11 966.90 -0.2 0.28 61484 -2.66 31322 2.89 125.75

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

18-Dec-12 42300 42555 31-Dec-12 780.5 783.6 4309 5-Mar-13 4330 4600 4676 5-Feb-13 1251 31-Dec-12 1282

4728 42250 42390 970.40 777.4 782.85 4265.5 61347 4303 4518 4664 31208 1251 124.30 1246

Zinc

31-Dec-12

112.50

0.58

113.15

Copper

28-Feb-13

445.30

0.36

446.90

Aluminium

31-Dec-12

114.75

-0.09

114.65

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 DAILY MCX GOLD CHART

ANALYSIS
OPEN: 31162 HIGH: 31378 LOW: 31123 CLOSE: 31332

GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

 DAILY MCX SILVER CHART

ANALYSIS
OPEN: 61444 HIGH: 61820 LOW: 61230 CLOSE: 61484

SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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