Bullion Commodity Reports or the Week (4th October '10)

8/8/2019 Bullion Commodity Reports or the Week (4th October '10)

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italvia.c

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04th Oct 2010 to 09th Oct 2010

WEEKLYCOMMODITY REPORT

www.capitalvia.com

R ES EA R C H

M et als Gains On Dol lar Weakness!


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R ES EA R C H

Weekly Commodity Report1st March to 6th Mar 2010

R ES EA R C HR ES EA R C H

Date Time Currency Economic Data Forecast Previous

ECONOMIC DATA

7:30pm

7:30pm

Pending Home Sales m/m

Factory Orders m/m

USD

USD

MonOct 4

Weekly Report Commodity04th Oct to 09th Oct 2010

www.capitalvia.com | 2

12:30am

5:00am

7:30pm

Fed Chairman Bernanke Speaks

Fed Chairman Bernanke Speaks

ISM Non-Manufacturing PMI

USD

USD

USD

Tue

Oct 5

5:00pm

5:45pm

8:00pm

Challenger Job Cuts y/y

ADP Non-Farm Employment Change

Crude Oil Inventories

USD

USD

USD

WedOct 6

-10K

-0.5M

-54.5%

5.2%

0.1%

51.5

22K

2.8%

-0.3%

52.2

6:00pm

8:00pm

Unemployment Claims

Natural Gas StorageUSD

USD

Thu

Oct 774B

453K453K

12:30am

6:00pm

6:00pm

6:00pm

7:30pm

Day 1

11:55pm

Consumer Credit m/m

Non-Farm Employment Change

Unemployment Rate

Average Hourly Earnings m/m

Wholesale Inventories m/m

IMF Meetings

FOMC Member Tarullo Speaks

USD

USD

USD

USD

USD

ALL

USD

FriOct 8

-54K

9.6%

1.3%

0.3%

3K

9.7%

0.2%

0.6%

-3.6B-2.9B

Day 2 IMF MeetingsALLSatOct 9


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R ES EA R C H




Gold futures rallied to record highs above $1,320 an ounce on Friday as comments from Federal Reserve

officials and economic data increased expectations of more U.S. monetary easing. COMEX December Gold

futures settled up $8.20 at $1,317.80 an ounce on the COMEX division of the NYMEX. Range ran from

$1,307.30 to $1,322 - a record high. The dollar fell to a six-month low versus the euro after New York Fed

President William Dudley said more Fed action to boost growth will likely be needed if the economic out look

doesn't improve. Gold supported after U.S. data also showed both consumer and construction spending rose

more than expected in August, but investment in private projects fell to its lowest level in more than 12 years, leaving the door open for more

quantitative easing. COMEX Gold open interest eased but held near Tuesday's record at 619,408 lots, and the exchange estimated final Gold

volume at about 101,000 lots, 13 percent lower than its 30-day average. London afternoon Gold fixed at $1,316.25 an ounce.

US GOLD HITS

RECORD ON MORE

MONETARY-EASING

HOPES

Fundamental Market Overview

U.S. Crude oil futures ended higher for the third straight day on Friday, winding up the week with the best

performance in nearly 7-1/2 months as the dollar slumped and strong manufacturing data from China fueled

hopes for greater oil demand. A mixed set of U.S. data showed economic activity rose modestly in the third

quarter, leaving the door open for the Federal Reserve to launch a fresh round of monetary policy easing.

Lower jobless benefits claims and supportive manufacturing data in the United States on Thursday helped

boost Crude futures and allowed prices to post the strongest quarterly rise since the fourth quarter of 2009.

On the New York Mercantile Exchange, crude for November delivery settled up $1.61, or 2.01 percent, at $81.58 a barrel. It traded from

$79.70 to $81.66, the highest since Aug. 9 intraday high of $81.76. In post-settlement trading, it further rose to $81.69. For the week,

NYMEX front-month Crude futures gained $5.09, or 6.65 percent, the best weekly performance since prices rose $5.68, or 7.66 percent, in

the week to Feb. 19.

CRUDE ENDS WEEK

UP 6.65 PCT, BEST

SINCE FEB

U.S. Copper futures ended up at a fresh two-year top on Friday, after stronger-than-expected manufacturing

data in China reinforced healthy demand prospects from the world' s largest consumer. Copper for December

delivery rose 3.90 cents, or 1.1 percent, to sett le at $3.6905 per lb on the COMEX metals division of the New

York Mercantile Exchange. Range from $3.6535 to $3.7220, a new contract high. COMEX estimated f inal

Copper futures volume at 25,332 lots, down from Thursday's count at 34,494 lot s. Open interest up 884 lots

at 148,532 contracts as of Sept. 30. Copper up in extension of demand-driven rally, with more positive

outlook from release of robust Chinese manufacturing data for September. Copper gains capped after U.S. data showed growth in its

manufacturing sector slowed in September, while construction spending rose in August. Data could lead to more U.S. monetary policy easing

from Federal Reserve, which could further support metals' rallies at the expense of the U.S. dollar. Constructive supply-side backdropreflected in London Metal Exchange (LME) warehouse stocks data, showing inventories down another 350 tonnes to 373,800 tonnes, having

fallen f rom 6-1/2 year highs at 555,075 tonnes in mid-February. COMEX Copper warehouse stocks off 192 short tons at 84,883 short tons as

of Thursday. LME Copper untraded at close, but last bid at $8,095 a tonne from Thursday's last bid at $8,010. LME Copper earlier touched a

more than two-year top at $8,178.

US COPPER ENDS UP

IN EXTENSION OF

DEMAND-LED RALLY



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R ES EA R C H




COMEX Gold is in an upward phase. Last week COMEX Goldsustained above the level of 1305$ and made a high of 1322$ anounce. In the coming week 1270$ will act as a good support inCOMEX Gold, if COMEX Gold sustain above 1300$ an ounce thenabove 1325$ an ounce it can touch the level of 1340$ an ounce

and below 1300$ if COMEX Gold sustains then it can slightlycorrect and test t he level of 1275$ an ounce.

For the next week traders can use buy on lower level strategy ifCOMEX Gold sustains above 1305$ an ounce, then above 1325$it can further go upward and can test t he level of 1340$ an ounce.Trade by keeping the strict stop losses.Major support for COMEX Gold in the coming week would be

1270$ and 1240$.Major resistance for COMEX Gold in the coming week would be1330$ and 1350$Major support in MCX Gold is 18900 and 18500Major resistance in MCX Gold is 19400 and 19700.

Market Overview Strategy

Weekly Chart

Technical Analysis

GOLD

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

GOLD 1442 1397 1351 1334 1305 1288 1259 1213 1167

Weekly Pivot s



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R ES EA R C H



COMEX Silver is in an upward phase. Last week COMEX Silversustained and closed near to its high of 2206$ an ounce. For theupcoming week 2150$ and 2100$ are the crucial supports and2250$ and 2300$ is a crucial resistance in COMEX Silver.

For the next week traders can use buy on lower level strategy ifSilver sustains above the level of 2150$ an ounce, and above2225$ an ounce it can further go upward. Trade by keeping theproper stop losses.


StrategyMarket Overview

Weekly Pivot s


SILVER 2509 2398 2287 2246 2176 2135 2065 1954 1843

SILVER

Weekly Chart



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R ES EA R C H



CRUDE OIL

NYMEX Crude is consolidating on charts. Last week Crude Oilbreak its psychological resistance of 80$ a barrel and closed abovethat. For the coming week 74$ will act as major support and 83$ abarrel will be a major resistance.

For the next week traders can use buy on lower level strategy, ifNYMEX Crude break the level of 83$ a barrel and sustains abovethat then it can slightly come up and touch the level of 85$ abarrel. Trade by keeping the proper stop loss.



Weekly Pivot s


CRUDE 98.30 92.07 85.84 83.71 79.61 77.48 73.38 67.15 60.92

Weekly Chart



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R ES EA R C H



COPPER

Copper is in an upward consolidation phase and traders shoulduse the strategy of buying on lower levels. If next week COMEXCopper sustains above the level of 355 then above the level of 379Copper can test the level of 390. In MCX Copper above 372Copper can test the level of 383 if it does not break the level of 347

on the downside.

For the upcoming week 379 and 391 will act as major resistanceand 334 and 316 w ill act as major supports in COMEX Copper. ForMCX Copper major resistance would be 372 and 388 andsupports would be found at 347 and 328.



Weekly Pivot s


COPPER 411.95 396.65 381.35 375.20 366.05 359.90 350.75 335.45 320.15

Weekly Chart



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R ES EA R C H



NATURAL GAS

Natural Gas is in downward phase and traders should use thestrategy of selling on higher levels. If next week Natural Gassustains below the level of 3.690$ then below the level of 3.650$Natural Gas can test the level of 3.500 and above 4.150$ NaturalGas can slight ly go up and test the level of 4.375$ and 4.540$. In

MCX Natural Gas below 165 Natural Gas can test the level of 155if it does not break the level of 185 on the upside.

For the upcoming week 3.650$ and 3.500$ will act as majorsupports and 4.375$ and 5.022$ will act as major resistance in USNatural Gas. For MCX Natural Gas major resistance would be 206and 233 and support s would be found at 165 and 150.



Weekly Pivot s


NG 4.559 4.327 4.095 3.946 3.863 3.714 3.631 3.399 3.167

Weekly Chart



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Weekly Pivots

R ES EA R C H



GOLD

COPPER

NATURAL GAS

ZINC

ALUMINUM

19738.00 19480.00 19344.00 19222.00 19086.00

379.75 370.65 366.30 361.55 357.20

201.37 188.27 179.73 175.17 166.63

105.57 102.57 100.83 99.57 97.83

111.12 107.62 105.93 104.12 102.43

Scripts R3 R2 R1 PP S1

SILVER 35092.00 34023.00 33587.00 32954.00 32518.00

CRUDE 3983.00 3772.00 3697.00 3561.00 3486.00

LEAD 108.35 105.35 103.65 102.35 100.65

NICKELNICKEL 1132.73 1096.43 1082.27 1060.13 1045.97


18964.00

352.45

162.07

96.57

100.62

S2

31885.00

3350.00

99.35

1023.83

18706.00

343.35

148.97

93.57

97.12

S3

30816.00

3139.00

96.35

987.53


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R ES EA R C H


R ES EA R C H

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Bullion Commodity Reports or the Week (4th October '10)

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