Daily Commodity Market Trading Report 13-10-2014

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Gold futures fell from a two-week high,Silver futures for December delivery lost 0.7 percent, Crude fell 1.8 percent to $84.21 a barrel, Copper fell to a one-week low, Aluminum, nickel, zinc and lead fell in London

Transcript of Daily Commodity Market Trading Report 13-10-2014

Page 1: Daily Commodity Market Trading Report 13-10-2014

Daily Newsletter-Commodity 13/10/2014

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Page 2: Daily Commodity Market Trading Report 13-10-2014

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MARKET WRAP

Gold futures fell from a two-week high

Silver futures for December delivery lost 0.7 percent

Crude fell 1.8 percent to $84.21 a barrel

Copper fell to a one-week low

Aluminum, nickel, zinc and lead fell in London

Gold futures fell from a two-week high as signs of an improving U.S. economy

boosted the dollar, cutting the metal’s appeal as an alternative investment. Silver

futures for December delivery lost 0.7 percent to $17.303 an ounce on the Comex.

The metal capped its first weekly gain in six weeks. West Texas Intermediate crude

tumbled further into a bear market amid signs of a global glut. Copper fell to a one-

week low in London as economic signals in Europe and China indicated metal

demand will ebb. Aluminum, nickel, zinc and lead fell in London, while tin was

unchanged.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Mon Oct 13

11:30am EUR German WPI m/m 0.1% -0.2%

All Day EUR Eurogroup Meetings

All Day USD Bank Holiday

Page 3: Daily Commodity Market Trading Report 13-10-2014

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Phone- (0731)6615050-6620150

TECHNICAL VIEW

GOLD(DEC) SILVER(DEC)

COPPER(NOV) CRUDE(OCT)

NATURALGAS(OCT) LEAD(OCT)

ZINC(OCT) NICKEL(OCT)

• Consolidate

• Sell on high

Trend

Strategy • R2 - 27480

• R1 - 27150 Resistance

• S1 - 26650

• S2 - 26280 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 40500

• R1 - 39350 Resistance

• S1 - 37350

• S2 - 36180 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 425

• R1 - 418 Resistance

• S1 - 407

• S2 - 399 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 5425

• R1 - 5350 Resistance

• S1 - 5210

• S2 - 5130 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 249

•R1 - 242 Resistance

•S1 - 229

•S2 - 221 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 131.5

• R1 - 128.7 Resistance

• S1 - 124.4

•S2 - 121.5 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 146.5

•R1 - 143.9 Resistance

•S1 - 140.2

•S2 - 137.3 support

• Consolidate

• Sell on high

Trend

Strategy •R2 - 1055

•R1 - 1037 Resistance

•S1 - 985

•S2 - 958 support

Page 4: Daily Commodity Market Trading Report 13-10-2014

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[email protected]

Phone- (0731)6615050-6620150

ALUMINIUM(OCT)

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• Consolidate

• Sell on high

Trend

Strategy •R2 - 122.5

•R1 - 120.3 Resistance

•S1 - 116.3

•S2 - 113.5 support