Daily commodity-report by epic research 20 dec 2012
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Transcript of Daily commodity-report by epic research 20 dec 2012
DAILY COMMODITY REPORT 20TH DECEMBER 2012
WWW.EPICRESEARCH.CO +91 9752199966
WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES
Gold, silver drop sharply on heavy sell-off,
global cues.
Gold prices plunged to hit nearly one-and-a-half-month
low at the domestic bullion market on hectic selling by
stockists and investors on the back of sharp fall in
overseas markets.
Silver also nosedived on frantic speculative selling
pressure. Standard gold (99.5 purity) dropped by a
hefty Rs635 per 10 gm to close at Rs30,540 from
Tuesday’s closing level of Rs31,175. Pure gold (99.9
purity) plummeted by Rs630 per 10 gm to finish at
Rs30,670 from Rs31,300.
Copper Near Lowest Level in Two Weeks on
U.S. Budget Talk
Copper declined to the lowest level in almost three
weeks amid concerns that budget negotiations
deteriorated in the U.S. Metal for delivery in three
months fell as much as 0.5 percent to $7,885 a metric
ton, the lowest since Nov. 30, before trading at $7,886
on the London Metal Exchange at 10:30 a.m. in
Shanghai. Copper for delivery in March on the
Shanghai Futures Exchange fell 1 percent to 57,070
yuan ($9,161) a ton.
Markets took some comfort from signs that US policy
makers may be coming closer to a resolution on the
fiscal cliff, which is a series of tax increases and
spending cuts slated to start from January 1.
TRADING TIP:
Sell Crude oil Jan
Below 4940
TGTS-4920/4890
SL-4962
Sell Copper Feb
Below 439.30
TGTS-437/434
SL-441.90
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
WWW.EPICRESEARCH.CO +919752199966
DAILY MARKET STATISTICS
Symbol Expiry Date PCP % Change LTP
Crude Oil 21-Jan-13 4826.00 2.51 4947.00
Nickel 31-Dec-12 974.50 -0.49 969.70
Silver 5-Mar-13 60687.00 -1.78 59607.00
Gold 5-Feb-13 31056.00 -0.76 30819.00
Lead 31-Dec-12 126.45 0.40 126.95
Zinc 31-Dec-12 113.15 -0.75 112.30
Copper 28-Feb-13 446.60 -1.60 439.45
Aluminium 31-Dec-12 114.30 -1.40 112.70
DAILY MCX GOLD CHART
ANALYSIS
OPEN: 31022
HIGH: 31022
LOW: 30760
CLOSE: 30819
GOLD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
DAILY MCX SILVER CHART
ANALYSIS
OPEN: 60556
HIGH: 60700
LOW: 59525
CLOSE: 59607
SILVER LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
www.epicresearch.co 9752199966
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