Daily Commodity Report 29-11-2012

Daily Newsletter-Commodity 29/11/2012

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MARKET WRAP

U.S. stocks rallied on Wednesday

Gold ticked higher on Thursday

London copper edged up on Thursday

Crude oil recovers above 86$

Gold ticked higher on Thursday, after suffering its biggest daily decline in nearly four weeks in

the previous session, as the looming deadline for averting a U.S. fiscal crisis kept investors

on their toes. London copper edged up on Thursday, after a prominent U.S. lawmaker

expressed confidence the world's top economy would avert a looming fiscal crisis, but worries

China's return to growth will be sluggish kept a lid on prices.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Thu Nov 29

12:30am USD Beige Book

2:25pm EUR German Unemployment Change 15K 20K

2:40pm EUR Retail PMI 45.3

Tentative EUR Italian 10-y Bond Auction

7:00pm USD Prelim GDP q/q 2.8% 2.0%

7:00pm USD Unemployment Claims 404K 410K

7:00pm USD Prelim GDP Price Index q/q 2.8% 2.8%

8:30pm USD Pending Home Sales m/m 0.9% 0.3%

9:00pm USD Natural Gas Storage -38B

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TECHNICAL VIEW

GOLD(DEC) SILVER(DEC)

COPPER(NOV) CRUDE(DEC)

NATURALGAS(DEC) LEAD(NOV)

ZINC(NOV) NICKEL(NOV)

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 32550

• R1 - 32280 Resistance

• S1 - 31750

• S2 - 31530 support

• Consolidate

• Buy on dips

Trend



• S1 - 62350


• Consolidate

• Buy on dips

Trend



• S1 - 423


• Consolidate

• Buy on dips

Trend



• S1 - 4750


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 225

•R1 - 216 Resistance

•S1 -203

•S2 -195 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 126.3

• R1 - 123.5 Resistance

• S1 - 120.2

•S2 - 118.5 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 112.5

•R1 - 109.9 Resistance

•S1 - 107.3


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 988

•R1 - 953 Resistance

•S1 - 915

•S2 - 889 support



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Phone- (0731)4295950

ALUMINIUM(NOV)

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 114.5

•R1 - 111.9 Resistance

•S1 - 109.2



Daily Commodity Report 29-11-2012

Business

Transcript of Daily Commodity Report 29-11-2012