Wednesday 17 October 2012

October 18th 2012 Report


                                                          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)
                    7:30     CNY Real GDP YTD (YoY) (3Q)

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