Weekly commodity-report by epic research 17 dec 2012
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Transcript of Weekly commodity-report by epic research 17 dec 2012
WEEKLY COMMODITY REPORT 17TH DECEMBER 2012
WWW.EPICRESEARCH.CO 9752199966
WWW.EPICRESEARCH.CO 9752199966
HEADLINES
Moody’s global base-metals outlook remains
negative
Moody’s Investors Service believes that demand and
price expectations for the global base-metals industry –
mainly aluminum, copper, nickel and zinc — will
remain ―muted‖ over the next 12 to 18 months, and said
in a report that its outlook for the industry is still
negative. Freeport-McMoRanCopper mine in Peru
Recession in Europe, sluggish economic growth and
anxiety about the fiscal cliff in the U.S., and slower
growth in China all weigh on the industry as we head
into the new year,‖ said Carol Cowan, Moody’s vice
president and author of the report, ―Base Metals
Industry Faces Challenging Road in 2013. China is a
key driver of metal consumption and its appetite for
metals remains the wild card in the direction of metal
prices in 2013.‖
Crude Oil Settles Higher On Economic Data,
Gains 0.9% For Week.
U.S. crude oil settled higher Friday, on some upbeat
macroeconomic data out of China and the U.S., with
supply concerns after the conflict in Syria further
escalated.
TRADING TIP:
Buy Silver Mar
Above 61350
TGTS-61600/61900
SL-61100
Sell Copper Feb
Below 445.40
TGTS-442/437
SL- 448.40
MCX WEEKLY GOLD CHART
WWW.EPICRESEARCH.CO 9752199966
ANALYSIS
OPEN: 31348
HIGH: 31559
LOW: 31091
CLOSE: 31208
GOLD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MCX WEEKLY SILVER CHART
ANALYSIS
OPEN: 62658
HIGH: 63440
LOW: 61223
CLOSE: 61347
SILVER LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MCX WEEKLY COPPER CHART
ANALYSIS
OPEN: 444.80
HIGH: 450.45
LOW: 443.10
CLOSE: 445.30
COPPER LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
WWW.EPICRESEARCH.CO 9993959693 WWW.EPICRESEARCH.CO 9752199966
MCX WEEKLY CRUDE OIL CHART
ANALYSIS
OPEN: 4702
HIGH: 4748
LOW: 4652
CLOSE: 4728
CRUDE OIL LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
www.epicresearch.co 9752199966
COMEX WEEKLY SILVER CHART
ANALYSIS
OPEN: 33.04
HIGH: 33.77
LOW: 32.16
CLOSE: 32.17
COMEX SILVER LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
www.epicresearch.co 9752199966
COMEX WEEKLY GOLD CHART
ANALYSIS
OPEN: 1704.25
HIGH: 1723.20
LOW: 1689.23
CLOSE: 1694.25
COMEX GOLD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
www.epicresearch.co 9752199966
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