Daily Commodity Report 10 JANUARY 2013: WWW - Epicresearch.Co

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DAILY COMMODITY REPORT 10TH JANUARY 2013

WWW.EPICRESEARCH.CO

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HEADLINES

Gold may rule flat but dollar holds cues. Gold prices are likely to rule flat to higher on as the market is looking forward to a meeting of the European Central Bank. Prices of the yellow metal could tend to rise as the dollar has gained against a basket of currencies. Gains or losses, either way, could be marginal in the domestic market. The rupees direction holds key since any fall in its value will make imports of gold, edible oils and crude oil dearer. India imports these commodities to meet its rising demand. In early trade at Singapore, spot gold was quoted lower at $1,655.50 an ounce, while gold February futures ruled at $1,655.40.

TRADING TIP:

Buy Aluminium Jan Above 113.15 TGTS-113.90/114.70 SL-112.40

Copper edges higher on investment flows.

Sell Crude oil Jan Below 5100 TGTS-5080/5050 SL-5130

Copper edged higher on Wednesday in a second day of modest gains, boosted by solid results from the biggest US aluminium producer Alcoa and as investors earmarked New Year cash allocations for the sector. Optimism about further recovery in the world's biggest metals consumer China ahead of trade data also helped three-month copper on the London Metal Exchange add 0.6 per cent to $8,130 per tonne by 1312 GMT. Copper did not trade in official rings, but was bid at $8,090.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI GUR JEERA

7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012

4556 5060 1188 14955 1044

4573 5060 1188 14960 1053

4525 5018 1178 14650 1035

4560 5120

4532 5018 1178 14800 1041 -0.27 42435 0.53 781.3 4315 -0.86 4540 -0.58 1282 -0.31

-28 -102 -5.5 -252.5 -8 45 -1.55 12 -124 36

-0.61 -1.99 -0.46 -1.68 -0.76 5106.00 0.11 962.30 -0.2 0.28 57970.00 -2.66 30794.00 2.89 126.95

DAILY MARKET STATISTICS


1183.5 15052.5 1049

Symbol

Expiry Date

PCP

% Change

LTP

KAPAS

Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012

21-Jan-13 42300 42555 31-Jan-13 780.5 783.6 4309 5-Mar-13 4330 4600 4676 5-Feb-13 1251 31-Jan-13 1282

5120.00 42250 42390 957.20 777.4 782.85 4265.5 58470.00 4303 4518 4664 30974.00 1251 127.35 1246

Zinc

31-Jan-13

110.50

-0.36

110.10

Copper

28-Feb-13

448.90

-0.33

447.40

Aluminium

31-Jan-13

112.55

0.44

113.05

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DAILY MCX GOLD CHART

ANALYSIS
OPEN: 30940 HIGH: 31004 LOW: 30772 CLOSE: 30794

GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

DAILY MCX SILVER CHART

ANALYSIS
OPEN: 58350 HIGH: 58398 LOW: 57705 CLOSE: 57970

SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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