Commodities Evening Update

Wednesday | August 14, 2013

International Commodities

Content
Days overview Market Highlights Outlook Important Events for Today

Research Team
Reena Rohit Chief Manager Non-Agri Commodities and Currencies Reena.rohit@angelbroking.com (022) 2921 2000 Extn :6134 Anish Vyas Research Analyst anish.vyas@angelbroking.com (022) 2921 2000 Extn :6104

Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from Angel Commodities Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

Commodities Evening Update

Wednesday | August 14, 2013 News and Analysis

International Commodities
Performance during the day
Index Nifty Sensex Nikkei Open High

Indias Wholesale Price Index (WPI) rose to 5.79 percent in July. Euro Zone Flash GDP grew by 0.3 percent in Q2 of 2013. UKs Claimant Count Change fell by 29,200 in the last month. European equities are trading higher today on the back of favorable GDP data from the Euro region. Asian markets ended on a positive note and US stock futures are trading on a mixed note. Indias Wholesale Price Index (WPI) rose to 5.79 percent in July as against a rise of 4.86 percent in June. French Prelim Gross Domestic Product (GDP) rose by 0.5 percent in Q2 of 2013 as against a decline of 0.2 percent a quarter ago. German Prelim GDP grew by 0.7 percent in second quarter of 2013 from 0.1 percent in Q1 of 2013. Euro Zone Flash Gross Domestic Product (GDP) rose by 0.3 percent in Q2 of 2013 from earlier fall of 0.3 percent in Q1 of 2013. UKs Claimant Count Change fell by 29,200 in July as against a fall of 29,400 in June. Average Earnings Index grew by 2.1 percent in June from 1.8 percent a month ago. Unemployment Rate remained unchanged at 7.8 percent in the month of June. Spot gold prices increased around 0.3 percent today on the back of recovery in SPDR gold holdings coupled with upbeat global market sentiments. However, strength in the US Dollar Index (DX) capped sharp gains in prices. In the Indian markets, depreciation in the Rupee supported an upside in prices on the MCX. Taking cues from rise in gold prices along with upside in base metals group, Spot silver prices rose by around 0.5 percent today. However, strength in the DX prevented sharp upside movement in prices. Depreciation in the Indian Rupee acted as a positive factor for prices on the MCX. The base metals complex traded on a higher note today on the back of favorable GDP data from the Euro Zone and decline in employment data in UK. Further, decline in LME inventories supported an upside in prices. However, strength in the DX restricted sharp upside in prices. In the Indian markets, depreciation in the Rupee supported positive movement in prices on the MCX. Nymex crude oil prices are trading lower by 0.7 percent today on the back of strength in the DX coupled with less than expected decline in API crude oil inventories in yesterdays trade. However, sharp downside in prices was cushioned on account of forecast for fall in US crude oil inventories along with unrest in Middle East. Depreciation in the Indian Rupee prevented sharp fall in prices on the MCX. The US Energy Department (EIA) is scheduled to release its weekly inventories report today at 8:00pm IST and US crude oil inventories is expected to fall by 1.5 million barrels for the week ending on 9th August 2013.

as at 4.30 pm 14 August 13
Low Last % Chg from Prev day

5715.40 19299.42 13936.74 1912.59 17413.49

5754.55 19392.56 14050.16 1925.10 17415.65

5690.20 19203.63 13747.18 1908.92 17285.23

5742.30 19367.59 14050.16 1923.91 17285.23

0.75 0.72 1.32 0.57 0.06

Source: Reuters

Kospi FTSE

as at 4.30 pm 14 August 13
Currency Dollar Index Euro/$ Spot INR/$ Spot Open High Low Current % Chg from Prev day

81.80 1.3261 61.18

81.91 1.3278 61.56

81.745 1.3238 61.14

81.855 1.325 61.429

0.05 -0.08 0.17

Source: Reuters

as at 4.30 pm 14 August 13
Commodity Spot Gold Comex Gold Aug13 MCX Gold Oct13 Spot Silver Comex Silver Sept13 MCX Silver Sept13 Crude Oil Nymex Aug 13 ICE -Brent Crude Oil MCX Crude Oil Aug 13 Copper LME - 3 Month MCX Copper Aug13 Zinc LME - 3 Month Zinc MCX - Aug13 Lead LME - 3 Month Lead MCX - Aug13 Nickel LME - 3 Month Nickel MCX Aug13 Aluminum LME - 3 Month Aluminum MCX Aug13 Unit Open High Low Last % Chg from Prev day

$/oz $/oz Rs/10 gms $/oz $/oz

1320.79 1317.70 28900.00 21.44 0.2147 46247 106.54 109.51 6548 7287.00 449.15 1944.00 117.00 2183 133.60 14732 902.60 1880.00 113.15

1326.90 1325.50 28960.0 21.58 0.2166 46378 106.69 109.69 6548 7328.00 451.00 1950.00 117.80 2186 133.80 14883 911.40 1887.00 113.70

1315.94 1317.70 28755.0 21.25 0.21265 45901 105.92 109.05 6502 7246.00 447.70 1928.25 116.50 2167 132.50 14690 902.00 1869.00 112.80

1324.05 1325.50 28912.00 21.51 0.21336 46241 106.12 109.20 6516 7307.75 450.10 1945.00 117.35 2182 133.40 14791 909.70 1882.50 113.45

0.25 0.33 0.10 0.47 0.02 -0.06 -0.66 -0.56 -0.53 0.23 0.14 0.12 0.00 0.01 -0.11 0.23 0.45 0.13 0.00

Rs/kg $/bbl

$/bbl Rs/bbl $/tonne Rs/kg $/tonne Rs/kg $/tonne

Rs/kg $/tonne Rs/kg $/tonne Rs/kg

Source: Reuters

Commodities Evening Update

Wednesday | August 14, 2013

International Commodities
Outlook In the evening session, we expect precious metals, base metals and crude oil prices to trade higher on the back of upbeat global market sentiments. Further, favorable GDP data from the Euro Zone coupled with expectations of positive economic data from the US will support an upside in prices. Crude oil prices will take further cues from forecast for decline in US crude oil inventories.

Technical Outook for evening session 14 August 13 ( CMP as of 4.30 pm)

Commodity Gold Oct'13 Spot Gold Silver Sept13 Spot Silver Crude Oil Aug13 Nymex Crude Oil Aug13 Natural Gas Aug13 LME Copper Copper Aug13 Zinc Aug13 Lead Aug13 Aluminum Aug13 Nickel Aug13 Unit Rs/10 gm $/oz Rs /kg $/oz Rs /bbl $/bbl Rs /mmBtu $/tonne Rs /kg Rs /kg Rs /kg Rs /kg Rs /kg Support 2 28600 1310 45550 21.10 6440 105 197 7210 444 115.8 131.8 112 890 Support 1 28750 1318 45850 21.3 6470 105.45 200 7260 447 116.5 132.5 112.9 900 CMP 28890 1324.5 46300 21.53 6508 106.1 202.6 7315 450 117.3 133.4 113.5 909 Resistance1 29060 1333 46650 21.70 6550 106.8 205 7350 452 118 134.2 114.2 915 Resistance 2 29200 1340 47000 21.9 6590 107.45 207 7400 455 118.7 135 115 925

Important Events for Today

Indicator Country Time (IST) Actual Forecast Previous Impact

French Prelim GDP q/q German Prelim GDP q/q French Prelim Non-Farm Payrolls q/q Claimant Count Change MPC Asset Purchase Facility Votes MPC Official Bank Rate Votes Average Earnings Index 3m/y Unemployment Rate Flash GDP q/q German 10-y Bond Auction PPI m/m Core PPI m/m Crude Oil Inventories FOMC Member Bullard Speaks French Prelim GDP q/q

Euro Euro Euro UK UK UK UK UK Euro Euro US US US US Euro

11:00am 11:30am 12:15pm 2:00pm 2:00pm 2:00pm 2:00pm 2:00pm 2:30pm 3:04pm 6:00pm 6:00pm 8:00pm 10:50pm 11:00am

0.5% 0.7% -0.2% -29.2K 0-0-9 0-0-9 2.1% 7.8% 0.3% 1.80/1.3 -

0.1% 0.6% 0.0% -14.3K 0-0-9 0-0-9 2.1% 7.8% 0.2% 0.4% 0.2% 0.1%

-0.2% 0.1% -0.1% -21.2K 0-0-9 0-0-9 1.7% 7.8% -0.3% 1.57/1.6 0.8% 0.2% -1.3M -0.2%

Medium Medium Medium High High High Medium Medium Medium Medium High Medium Medium Medium Medium