20 NOV 2014

Daily Commodity Report

Daily Metals & Energy update
Gold held losses below $1,200 an ounce as a gauge of the dollar traded near
the highest level in five years on expectations that U.S. interest rates will rise
and assets in the largest exchange-traded product shrank. Bullion for
immediate delivery rose and fell at least 0.3 percent. Spot Gold is currently
trading at $1182. MCX Gold Dec is currently at `26482, it is trading down by
`231 points for the day. Comex Silver is currently trading at $16.10 whereas
MCX Silver Dec is currently trading at `35848, it is down by `518.
The SPDR Gold Trust, the worlds largest gold-backed exchange-traded fund,
is holding 720.91 tonnes as per latest available data on their website.
Nickel prices rose the most in three weeks after Indonesia said a ban on
exports of unprocessed ore remains in place, reinforcing concern that global
demand is set to exceed supplies. Today, Bambang Adi Winarso, senior
adviser to the coordinating minister for economic affairs, affirmed the policy by
Indonesia, the worlds largest producer of mined nickel ore. Residentialconstruction permits in the U.S. climbed in October to a six-year high, the
government said. Copper, aluminum, zinc, tin and lead prices rose.
The yen fell to a seven-year low against the dollar amid speculation Prime
Minister Shinzo Abe will win elections and extend his economic-stimulus
program. Japans currency dropped versus all except one of its 16 major
counterparts. A gauge of the dollar headed for its highest close since 2009
before a U.S. inflation report today amid speculation an improving economy
will push up Treasury yields. The South Korean won tumbled to the lowest in
almost 15 months as the plunging yen made exports less competitive
West Texas Intermediate traded below $75 a barrel as U.S. crude inventories
increased and investors weighed the likelihood of OPEC reducing its
production. Brent was steady in London. Futures were little changed in New
York after three days of losses. WTI for January delivery, the most-actively
traded, was little changed at $74.60 a barrel in electronic trading on the New
York Mercantile Exchange. MCX Crude Oil Nov is currently trading at `4662 ,
it is trading down by `20 for the day.

Geojit Comtrade Ltd.

805, Dev Plaza,

Base metals are trading on a mixed note today.

Opp. Irla Fire Brigade,

S.V. Road, Andheri West,
Mumbai - 400058.

Important data to be released today: CPI m/m, Unemployment Claims, Flash

Manufacturing PMI, Philly Fed Manufacturing Index, Existing Home Sales and
Natural Gas Storage.

Geojit Comtrade Ltd.

20 NOV 2014
TECHNICAL UPDATE
MCX GOLD DEC ( `26466)

The above Daily chart of Gold suggest that prices are trading near the crucial resistance of 26800 level. RSI is
losing strength. We expect prices to correct up to levels of 26200.
Trading Call: Sell around 26600 levels with a stop loss placed above 26800 levels for targets of 26200
levels.

MCX SILVER DEC ( `35804)

The above Daily chart of Silver suggest that prices are trading near the crucial resistance of 36800 level. RSI is
losing strength. We expect prices to correct up to levels of 35100.
Trading Call: Sell around 36000 levels with a stop loss placed above 36500 levels for targets of 35100
levels.

Geojit Comtrade Ltd.

20 NOV 2014
TECHNICAL UPDATE
MCX CRUDE OIL NOV ( `4661)

The above Daily chart of Crude Oil suggest that prices have reversed after taking resistance of 4720 level. RSI is
in a sell mode. We expect prices to correct up to levels of 4600.
Trading Call: Sell around 4700 levels with a stop loss placed above 4750 levels for targets of 4600 levels.

MCX NATURAL GAS NOV ( `275)

The above Daily chart of Natural Gas suggest that prices are trading near the crucial support of 260 level. RSI is
building strength. We expect prices to go up to levels of 284.
Trading Call: Buy around 272 levels with a stop loss placed below 268 levels for targets of 284 levels.

Geojit Comtrade Ltd.

20 NOV 2014
TECHNICAL UPDATE
MCX COPPER NOV ( `416.20)

The above Daily chart of Copper suggest that prices have reversed after taking support of 407 level. RSI is in a
buy mode. We expect prices to go up to levels of 422.
Trading Call: Buy around 414 levels with a stop loss placed below 410 levels for targets of 422 levels.

MCX NICKEL NOV ( `1009.20)

The above Daily chart of Nickel suggest that prices have reversed after taking support of 1000 level. RSI is in a
buy mode. We expect prices to go up to levels of 1040.
Trading Call: Buy around 1002 levels with a stop loss placed below 990 levels for targets of 1040 levels.

Geojit Comtrade Ltd.

20 NOV 2014
TECHNICAL UPDATE
MCX LEAD NOV ( `125.85)

The above Daily chart of Lead suggest that prices have reversed after taking support of 125 level. RSI is in a buy
mode. We expect prices to go up to levels of 129.
Trading Call: Buy above 126.20 levels with a stop loss placed below 125 levels for targets of 129 levels.

MCX ZINC NOV ( `139.60)

The above Daily chart of Zinc suggest that prices have reversed after taking support of 138 level. RSI is in a buy
mode. We expect prices to go up to levels of 140.
Trading Call: Buy around 139 levels with a stop loss placed below 138 levels for targets of 141 levels.

Geojit Comtrade Ltd.

20 NOV 2014
TECHNICAL UPDATE
MCX ALUMINIUM NOV ( `125.95)

The above Daily chart of Aluminium suggest that prices have reversed after taking support of 124 level. RSI is
building strength. We expect prices to go up to levels of 128.
Trading Call: Buy around 125.50 levels with a stop loss placed below 124 levels for targets of 128 levels.

ECONOMIC DATA FOR THE DAY

COUNTRY
US
US
US
US
US
US

TIME
19:00
19:00
20:15
20:30
20:30
21:00

INDICATOR
CPI m/m
Unemployment Claims
Flash Manufacturing PMI
Philly Fed Manufacturing Index
Existing Home Sales
Natural Gas Storage

SURVEY PRIOR
-0.1%
0.1%
286K
290K
56.2
55.9
18.9
20.7
5.16M
5.17M
-12B
40B

Geojit Comtrade Ltd.

20 NOV 2014

Research Department - Institutional Desk

Geojit Comtrade Ltd.

Nitin Nachnani
nitin_n@geojitcomtrade.com
Contact: 022-61312127

805 Dev Plaza

Opp. Irla Fire Brigade,
S.V. Road, Andheri West,
Mumbai - 400058.

Disclaimer:

The information contained here was gathered from sources deemed reliable; however, no claim is made as to
accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time,
nor should any examples presented be deemed as such. There is a risk of loss in commodity trading and
commodity options and you should carefully consider your financial position before making a trade. This is not,
nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as
such. Geojit Comtrade Ltd. does not guarantee that such information is accurate or complete and it should not
be relied upon as such. Any opinions expressed reflect judgements at this date and are subject to change
without notice. For use at the sole discretion of the investor without any liability on Geojit Comtrade Ltd.

Geojit Comtrade Ltd.