DAILY COMMODITY REPORT 7TH DECEMBER 2012
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HEADLINES
Gold may gain as ECB paints gloomy H1
outlook for 2013.
Gold is likely to gain on Friday in the domestic market
as prices in the global market tend to gain on hopes of
cut in interest rates by the European Central Bank. The
dollar’s rise against a basket of currencies, most
importantly the euro, will also act as a booster. The
European Central Bank decided to leave the interest
rates unchanged, projecting a bleak start to the New
Year. It does not see recovery until the latter part of the
next year. This can tempt investors to go in for haven
like gold. The euro zone outlook also saw the dollar
making gains. Any rise in the dollar will make gold
costlier since India imports the yellow metal to meet its
demand.
Copper Prices Pull Back on Growth Concerns.
Copper futures slipped, as renewed worry about
Europe's economic health and a stronger U.S. dollar
pushed some investors to cash out after the previous
day's six-week highs. The most actively traded contract,
for March delivery, fell 4.2 cents, or 1.1%, to settle at
$3.6445 a pound on the Comex division of the New
York Mercantile Exchange.
Futures Wednesday had climbed to the highest prices
since Oct. 18 on signs that China and the U.S., the
world's largest consumers of the metal, were on track
TRADING TIP:
Sell Crude oil Dec
Below 4700
TGTS-4680/4650
SL-4725
Sell Lead Dec
Below 120
TGTS-119.40/118.80
SL-120.50
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 -1.68
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
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DAILY MARKET STATISTICS
Symbol Expiry Date PCP % Change LTP
Crude Oil 18-Dec-12 4817.00 2.70 4687.00
Nickel 31-Dec-12 957.60 -2.33 930.30
Silver 5-Mar-13 62324.00 2.48 63869.00
Gold 5-Feb-13 31199.00 1.29 31602.00
Lead 31-Dec-12 121.80 -1.44 120.05
Zinc 31-Dec-12 110.05 -0.68 109.30
Copper 28-Feb-13 446.60 -1.28 440.90
Aluminium 31-Dec-12 114.00 -1.18 112.65
DAILY MCX GOLD CHART
ANALYSIS
OPEN: 31606
HIGH: 31670
LOW: 31296
CLOSE: 31602
GOLD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
ANALYSIS
OPEN: 63790
HIGH: 64310
LOW: 63025
CLOSE: 63869
SILVER LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
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