Download - Commodity Market News & Trends for Today

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Page 1: Commodity Market News & Trends for Today

Daily Newsletter-Commodity 14/10/2013

www.capitalheight.com

Page 2: Commodity Market News & Trends for Today

www.capitalheight.com

[email protected]

Phone- (0731)4295650

MARKET WRAP

Gold tumbled to a three-month low

Silver futures for December delivery declined 2.9 percent

Copper futures for delivery in December rose 0.7 percent

Aluminum, zinc, lead and nickel rose in London.

Crude oil for November delivery slid $1.24

Gold tumbled to a three-month low on speculation that U.S. lawmakers will reach

an agreement to increase the nation’s debt limit and end a government shutdown,

curbing demand for bullion as a store of value. Gold is heading for the first annual

loss since 2000 and the biggest decline since 1981, as some investors lost faith in

the precious metal as a store of value and amid concern that the Fed may slow the

pace of its $85 billion monthly bond purchases. Silver futures for December

delivery declined 2.9 percent to $21.259 an ounce, the biggest drop since Sept.

20. Copper futures for delivery in December rose 0.7 percent to $3.2725 a pound

on the Comex in New York. West Texas Intermediate crude oil for November

delivery slid $1.24, or 1.2 percent, to $101.77 a barrel on the New York Mercantile

Exchange.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Mon Oct 14

2:30pm EUR Industrial Production m/m 0.8% -1.5%

All Day EUR Eurogroup Meetings

Page 3: Commodity Market News & Trends for Today

www.capitalheight.com

[email protected]

Phone- (0731)4295650

TECHNICAL VIEW

GOLD(DEC) SILVER(DEC)

COPPER(NOV) CRUDE(OCT)

NATURALGAS(OCT) LEAD(OCT)

ZINC(OCT) NICKEL(OCT)

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 29150

• R1 - 28670 Resistance

• S1 - 28130

• S2 - 27650 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 48500

• R1 - 47350 Resistance

• S1 - 45850

• S2 - 44280 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 461

• R1 - 451 Resistance

• S1 - 437

• S2 - 429 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 6370

• R1 - 6290 Resistance

• S1 - 6165

• S2 - 6055 support

• Consolidate

• Sell on high

Trend

Strategy •R2 - 245

•R1 - 237 Resistance

•S1 - 221

•S2 - 213 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 130.7

• R1 - 128.5 Resistance

• S1 - 124.5

•S2 - 121.8 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 119.5

•R1 - 116.8 Resistance

•S1 - 112.3

•S2 - 109.5 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 895

•R1 - 875 Resistance

•S1 - 833

•S2 - 808 support

Page 4: Commodity Market News & Trends for Today

www.capitalheight.com

[email protected]

Phone- (0731)4295650

ALUMINIUM(OCT)

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 116.5

•R1 - 114.8 Resistance

•S1 - 112.1

•S2 - 109.3 support