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:
Sell Zinc Dec
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
Below 113.10
spending cuts to kick off in the new year, President
TGTS-112.50/111.80
tax revenues and is willing to agree to USD 1.22 trillion
SL-113.80
Barack Obama is seeking USD 1.2 trillion from higher in spending cuts. Copper falls after its stockpiles jump the most in four years. Copper fell for a third day in London after stockpiles
Buy Copper Feb Above 447
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
TGTS-449/452
warehouses tracked by the LME rose for an eighth
SL-445
the most since September 5, 2008, exchange data
session, climbing 9.5 per cent to 298,625 metric tons, 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
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
18-Dec-12 42300 42555
4728 42250 42390
1.23 42435
45
4786 0.11
Nickel REF SOYA 7/19/2012
31-Dec-12 780.5 783.6
970.40 777.4 782.85
-0.36 781.3
-1.55
966.90 -0.2
SOY BEANSilver 7/19/2012
4309 5-Mar-13 4330
4265.5 61347 4303
4315 0.22
12
0.28 61484
TURMERIC 7/19/2012 Gold
4600 4676 5-Feb-13
4518 4664 31208
4540 0.40
-124
-2.66 31322
1251
1251
1282
WHEAT
7/19/2012
1282
1246
36
2.89
Lead
31-Dec-12
124.30
1.17
125.75
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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