DAILY COMMODITY REPORT 17TH DECEMBER 2012
Gold recovers modestly, silver slips. Gold prices recovered modestly at the domestic bullion market on renewed stockist as well as local buying interest at the existing lower levels in the back of
ďƒ˜ TRADING TIP:
Buy Gold Dec Above 31210 TGTS-31250/31300 SL-31160
ongoing wedding season. Silver, however, fell further due to speculative selling amid lower industrial demand.
Natural Gas Caps Third Weekly Drop on Outlook for Warm Weather Natural gas futures dropped to an 11-week low in New York, capping a third weekly decline, as forecasts showed warmer-than-normal weather in late December that would reduce heating demand.
Gas slipped 1
percent as Commodity Weather Group LLC in
Sell Copper Feb Below 445.40 TGTS-443/440
Bethesda, Maryland, predicted mostly higher-thanaverage temperatures in the Northeast and Great Lakes region from Dec. 24 Dec. The low in New York on may be 39 degrees Fahrenheit (4 Celsius), 10 more than the usual reading, according to AccuWeather Inc.
DAILY MARKET STATISTICS
Crude Oil PEPPER 7/19/2012
18-Dec-12 42300 42555
4725.00 42250 42390
Nickel REF SOYA 7/19/2012
31-Dec-12 780.5 783.6
970.20 777.4 782.85
SOY BEANSilver 7/19/2012
4309 5-Mar-13 4330
4265.5 61294.00 4303
TURMERIC 7/19/2012 Gold
4600 4676 5-Feb-13
4518 4664 31188.00
DAILY MCX GOLD CHART
ANALYSIS OPEN: 31188 HIGH: 31218 LOW: 31176 CLOSE: 31208
GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
ANALYSIS OPEN: 61294 HIGH: 61385 LOW: 61229 CLOSE: 61347
SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
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