DAILY COMMODITY REPORT BY EPIC RESEARCH- 7 DECEMBER 2012

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DAILY COMMODITY REPORT 7 TH DECEMBER 2012 WWW.EPICRESEARCH.CO +91 9752199966

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Transcript of DAILY COMMODITY REPORT BY EPIC RESEARCH- 7 DECEMBER 2012

Page 1: DAILY COMMODITY REPORT BY EPIC RESEARCH- 7 DECEMBER 2012

DAILY COMMODITY REPORT 7TH DECEMBER 2012

WWW.EPICRESEARCH.CO +91 9752199966

Page 2: DAILY COMMODITY REPORT BY EPIC RESEARCH- 7 DECEMBER 2012

WWW.EPICRESEARCH.CO +91 9752199966

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

Page 3: DAILY COMMODITY REPORT BY EPIC RESEARCH- 7 DECEMBER 2012

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

Page 4: DAILY COMMODITY REPORT BY EPIC RESEARCH- 7 DECEMBER 2012

DAILY MCX GOLD CHART

ANALYSIS

OPEN: 31606

HIGH: 31670

LOW: 31296

CLOSE: 31602

GOLD LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

Page 5: DAILY COMMODITY REPORT BY EPIC RESEARCH- 7 DECEMBER 2012

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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