DAILY COMMODITY REPORT 17TH JANUARY 2013
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ďƒ˜ HEADLINES
Bull run in gold prices to continue. Investment demand is set to drive gold in the first half of the current calendar year, on loose monetary policies and
ďƒ˜ TRADING TIP:
Sell Zinc Jan
burgeoning
sovereign
debt
across
global
economies. in its latest Gold Survey 2012, forecast average gold price to rise to $1,800 an oz for the first half-year ending June 2013. According to Kitco.com,
Below 107.50
the forecast consists of a 6.7 per cent rise from the
TGTS-106.80/105
2012 and of a nine per cent rise from $1,650.80 an oz
SL-108.50
$1,686.85 an oz average recorded in the second half of recorded in the comparable period last year. Global broking firms, including Barclays Capital, have already forecast gold to hit $1,900 an oz this year on strong investment demand.
Sell Nickel Jan Below 950.50
Base metals close mostly lower. BASE metals have closed mostly lower on the London Metal Exchange (LME), pressured by fresh concerns
TGTS-942/935
over global growth, and expected to remain relatively
SL-958
China, LME three-month copper was 0.6 per cent lower
directionless until key economic data are released from at $US7,946/ton. Tin held up the best, ending the session 0.5 per cent higher at $US24,995/ton.
Weak Chinese direct foreign investment data combined WWW.EPICRESEARCH.CO
with a cut to the World Bank's global growth +91 economic 9752199966 forecasts to damp sentiment toward industrial metals Wednesday, said analysts and traders.
PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
CHANA
7/19/2012
4556
4573
4525
4560
4532
-28
-0.61
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
KAPAS
7/19/2012
1044
1053
1035
1049
1041
-8
-0.76
Symbol
DAILY MARKET STATISTICS
Expiry Date
PCP
% Change
-1.68
LTP
Crude Oil PEPPER 7/19/2012
21-Jan-13 42300 42555
5131.00 42250 42390
0.37 42435
45
5150.00 0.11
Nickel REF SOYA 7/19/2012
31-Jan-13 780.5 783.6
957.90 777.4 782.85
-0.49 781.3
-1.55
953.20 -0.2
SOY BEANSilver 7/19/2012
4309 5-Mar-13 4330
4265.5 59459.00 4303
4315 0.44
12
0.28 59718.00
TURMERIC 7/19/2012 Gold
4600 4676 5-Feb-13
4518 4664 30869.00
4540 0.07
-124
-2.66 30892.00
1251
1251
1282
WHEAT
7/19/2012
1282
1246
36
2.89
Lead
31-Jan-13
124.10
-0.80
124.10
Zinc
31-Jan-13
108.60
-0.51
108.05
Copper
28-Feb-13
441.30
-0.61
438.60
Aluminium
31-Jan-13
111.15
-0.31
110.80
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DAILY MCX GOLD CHART
ANALYSIS OPEN: 30897 HIGH: 30934 LOW: 30821 CLOSE: 30892
GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
ANALYSIS OPEN: 59584 HIGH: 58787 LOW: 59174 CLOSE: 59718
SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
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