Commodities Trade Summary
Oil traded near the highest price in a week in New York amid signs of an
economic recovery in the U.S., the world’s largest crude consumer. Goldman
Sachs Group Inc. cut its Brent forecast by 15 percent. Crude for November
delivery was at $92.09 a barrel, down 3 cents, in electronic trading on the New
York Mercantile Exchange at 12:06 p.m. Singapore time. The contract yesterday
closed at $92.12, the highest settlement since Oct. 9. Prices changed less than
25 cents for a fourth consecutive day, the longest streak of moves that small
since 2003. Oil is down 6.8 percent this year.
Gold and silver are set to drop for the first time in three days as
gains in dollar before European Union leaders hold a summit on the region’s
debt crisis reduce demand for bullion as a store of value.Spot gold was little changed at $1,750.50 an ounce at 10:30 a.m. in
Singapore, after advancing 0.7 percent in the past two days. The metal for
December delivery was also little changed at $1,751.40 an ounce on the Comex in
New York.
Levels of the Day
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
ALUMINIUM (31OCT12)
|
106
|
105.2
|
103.9
|
103.1
|
101.8
|
|
COPPER
(30NOV12)
|
443.7
|
441.4
|
437.2
|
434.9
|
430.8
|
|
CRUDEOIL (19OCT12)
|
4942
|
4905
|
4875
|
4838
|
4808
|
|
GOLD
(05DEC12)
|
31236
|
31188
|
31114
|
31066
|
30992
|
|
SILVER
(05DEC12)
|
61004
|
60789
|
60424
|
60209
|
59844
|
|
LEAD
(31OCT12)
|
116.3
|
115.1
|
113.3
|
112.1
|
110.3
|
|
NATURALGAS (26OCT12)
|
188
|
185.7
|
183
|
180.7
|
178
|
|
NICKEL
(31OCT12)
|
920.2
|
913.5
|
901.3
|
894.6
|
882.4
|
|
ZINC
(31OCT12)
|
102
|
101.2
|
100
|
99.3
|
98.1
|
Important Events for the Day
18 18th Oct 2012 (Time – IST)
|
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|