DAILY COMMODITY REPORT 10TH JANUARY 2013
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
Buy Aluminium Jan Above 113.15
rise as the dollar has gained against a basket of currencies. Gains or losses, either way, could be marginal in the domestic market. The rupee’s 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
$1,655.50 an ounce, while gold February futures ruled
trade at Singapore, spot gold was quoted lower at at $1,655.40.
Copper edges higher on investment flows.
Sell Crude oil Jan Below 5100
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.
metals consumer China ahead of trade data also helped
Optimism about further recovery in the world's biggest 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.
DAILY MARKET STATISTICS
Crude Oil PEPPER 7/19/2012
21-Jan-13 42300 42555
5120.00 42250 42390
Nickel REF SOYA 7/19/2012
31-Jan-13 780.5 783.6
957.20 777.4 782.85
SOY BEANSilver 7/19/2012
4309 5-Mar-13 4330
4265.5 58470.00 4303
TURMERIC 7/19/2012 Gold
4600 4676 5-Feb-13
4518 4664 30974.00
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
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.