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DAILY COMMODITY REPORT 26THDECEMBER 2012

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 HEADLINES

Gold slips on U.S. budget woes, but yen lifts TOCOM Gold was near a four-month low and set for its steepest weekly loss since June as investors were discouraged by a weaker euro and stalled U.S. budget talks. Bullion

 TRADING TIP:

Sell Nickel Dec

stood at $1,649.20 per ounce by 1411 GMT, barely changed on the day after earlier hitting a low of $1,635.24. It touched a four-month low of $1,635.09.

Below 950

U.S. Comex February gold futures were up 0.25 percent

TGTS-943/935

spot gold and U.S. futures were on track for a fourth

SL-957

at $1,650.00 after hitting a low around $1,636. Both straight weekly drop and have so far shed about 3 percent, the steepest fall since late June.

Strong fundamentals to push base metals up in

Sell Zinc Dec Below 112

2013 Base metals are likely to remain bullish in 2013 on better economic prospects in major consuming nations.

TGTS-111.20/110.50

Hedge funds have already started betting long on base

SL-112.90

surpass last year’s level, US leaders will resolve fiscal

metals amid hopes that China’s economic growth would cliff hurdles and European nations would work together to overcome economic slowdown.

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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

21-Jan-13 42300 42555

4923.00 42250 42390

-0.30 42435

45

4908.00 0.11

Nickel REF SOYA 7/19/2012

31-Dec-12 780.5 783.6

959.60 777.4 782.85

-0.98 781.3

-1.55

950.20 -0.2

SOY BEANSilver 7/19/2012

4309 5-Mar-13 4330

4265.5 58165.00 4303

4315 -0.75

12

0.28 57729.00

TURMERIC 7/19/2012 Gold

4600 4676 5-Feb-13

4518 4664 30913.00

4540 -0.19

-124

-2.66 30854.00

1251

1251

1282

WHEAT

7/19/2012

1282

1246

36

2.89

Lead

31-Dec-12

126.20

0.20

126.45

Zinc

31-Dec-12

113.15

-0.66

112.40

Copper

28-Feb-13

438.05

-0.40

436.30

Aluminium

31-Dec-12

113.30

-0.88

112.30

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 DAILY MCX GOLD CHART 

ANALYSIS OPEN: 30865 HIGH: 30925 LOW: 30810 CLOSE: 30854

GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS


 DAILY MCX SILVER CHART

ANALYSIS OPEN: 58149 HIGH: 58338 LOW: 57665 CLOSE: 57729

SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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DAILY-COMMODITY-REPORT BY EPICRESEARCH 26 DEC 2012