Daily commodity-report by epic research 10 dec 2012

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DAILY COMMODITY REPORT 10 TH DECEMBER 2012 WWW.EPICRESEARCH.CO +91 9752199966

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Transcript of Daily commodity-report by epic research 10 dec 2012

DAILY COMMODITY REPORT 10TH DECEMBER 2012

WWW.EPICRESEARCH.CO +91 9752199966

WWW.EPICRESEARCH.CO +91 9752199966

HEADLINES

Copper gains on US data.

Copper rose after better-than-forecast US jobs data

pointed to improved growth prospects for the world's

largest economy, though gains were limited after the

Bundesbank cut its outlook for Germany's growth,

boosting the dollar. US non-farm employment

increased by 146,000 jobs last month, defying

expectations of a sharp pullback, while the

unemployment rate dipped to 7.7 percent, though that

occurred largely because many Americans gave up the

hunt for work. Metal Exchange rose to a session high

of $8,065.25 a tonne after the payrolls data and ended

up at $8,035 a tonne from $8,000 at the close .

Gold, silver prices up on good off-take, positive

global cues.

Gold prices recovered after a three- session loss at the

domestic bullion market today on fresh off-take from

stockists and traders as well as low-level buying

interest on the back of higher global cues. Silver also

regained on hectic speculative demand amid industrial

buying.

TRADING TIP:

Sell Crude oil Dec

Below 4688

TGTS-4660/4630

SL-4715

Sell Aluminium Dec

Below 112.90

TGTS-112.40/111.80

SL-113.50

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 4691 0.09 4695

Nickel 31-Dec-12 937.8 0.07 938.5

Silver 5-Mar-13 62492 0.14 62582

Gold 5-Feb-13 31276 0.16 31326

Lead 31-Dec-12 120.2 0.41 121

Zinc 31-Dec-12 109.8 0.09 109.9

Copper 28-Feb-13 443.4 0.2 443.3

Aluminium 31-Dec-12 113.05 0.18 113.25

DAILY MCX GOLD CHART

ANALYSIS

OPEN: 31290

HIGH: 31337

LOW: 31290

CLOSE: 31326

GOLD LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

DAILY MCX SILVER CHART

ANALYSIS

OPEN: 62492

HIGH: 62597

LOW: 62492

CLOSE: 62582

SILVER LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

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