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DAILY COMMODITY REPORT 18TH DECEMBER 2012

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 HEADLINES

Gold struggles to break USD 1,700/oz, US fiscal talks eyed. Gold struggled to break resistance at USD 1,700 an ounce, with many investors stood on the sidelines in the penultimate week of the year, watching US

 TRADING TIP:

Sell Zinc Dec

lawmakers inch towards a deal to avert fiscal calamity. In a fresh offer to resolve the standoff on talks on the “fiscal cliff” - USD 600 billion worth of tax hikes and

Below 113.10

spending cuts to kick off in the new year, President

TGTS-112.50/111.80

tax revenues and is willing to agree to USD 1.22 trillion

SL-113.80

Barack Obama is seeking USD 1.2 trillion from higher in spending cuts. Copper falls after its stockpiles jump the most in four years. Copper fell for a third day in London after stockpiles

Buy Copper Feb Above 447

monitored by the London Metal Exchange jumped the most in more than four years fueling concerns demand for

the

metal

is

weak.

Copper

inventories

in

TGTS-449/452

warehouses tracked by the LME rose for an eighth

SL-445

the most since September 5, 2008, exchange data

session, climbing 9.5 per cent to 298,625 metric tons, showed. Stockpiles are at the highest since February 28.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA

7/19/2012

4556

4573

4525

4560

4532

-28

-0.61

CHILLI

7/19/2012

5060

5060

5018

5120

5018

-102

-1.99

GUR

7/19/2012

1188

1188

1178

1183.5

1178

-5.5

-0.46

JEERA

7/19/2012

14955

14960

14650

15052.5

14800

-252.5

KAPAS

7/19/2012

1044

1053

1035

1049

1041

-8

-0.76

Symbol

DAILY MARKET STATISTICS

Expiry Date

PCP

% Change

-1.68

LTP

Crude Oil PEPPER 7/19/2012

18-Dec-12 42300 42555

4728 42250 42390

1.23 42435

45

4786 0.11

Nickel REF SOYA 7/19/2012

31-Dec-12 780.5 783.6

970.40 777.4 782.85

-0.36 781.3

-1.55

966.90 -0.2

SOY BEANSilver 7/19/2012

4309 5-Mar-13 4330

4265.5 61347 4303

4315 0.22

12

0.28 61484

TURMERIC 7/19/2012 Gold

4600 4676 5-Feb-13

4518 4664 31208

4540 0.40

-124

-2.66 31322

1251

1251

1282

WHEAT

7/19/2012

1282

1246

36

2.89

Lead

31-Dec-12

124.30

1.17

125.75

Zinc

31-Dec-12

112.50

0.58

113.15

Copper

28-Feb-13

445.30

0.36

446.90

Aluminium

31-Dec-12

114.75

-0.09

114.65

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 DAILY MCX GOLD CHART 

ANALYSIS OPEN: 31162 HIGH: 31378 LOW: 31123 CLOSE: 31332

GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS


 DAILY MCX SILVER CHART

ANALYSIS OPEN: 61444 HIGH: 61820 LOW: 61230 CLOSE: 61484

SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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DAILY-COMMODITY-REPORT BY EPIC RESEARCH 18 DEC 2012