Daily Report for 14th August 2012

Commodities Market Summary

Oil snapped two days of losses in New York on speculation that inventories declined for a third week in the U.S., the world’s biggest crude consumer. Oil for September delivery was 1 cent higher at $92.74 a barrel in electronic trading on the New York Mercantile Exchange at 10:47 a.m. in Singapore after earlier climbing as much as 27 cents. It slid 0.2 percent yesterday to $92.73, the lowest close since Aug. 6. Prices are 6.1 percent lower since the start of the year. Brent crude for September settlement, which expires Aug. 16, lost 25 cents to $113.35 a barrel on the London-based ICE Futures Europe exchange. The more actively traded October contract was down 32 cents to $111.40 a barrel. The European benchmark’s premium to West Texas Intermediate was at $20.59 after closing yesterday at $20.87, the widest since April 4. After tumbling 29 percent in the four months to the end of June, silver is now little changed for the year at $27.98 on the Comex bourse in New York. The LMEX index of six industrial metals from aluminum to zinc fell 4.3 percent as gold advanced 3.6 percent. The Standard & Poor’s GSCI gauge of 24 commodities rose 2.2 percent since the start of January.

             Levels for the Day

Name	RES2	RES1	S/R	SUP1	SUP2	RECOMMENDATION
ALUMINIUM (31AUG12)	103.6	102.9	102.6	101.9	101.6
COPPER (31AUG12)	417.1	414.5	412.9	410.4	408.8
CRUDEOIL (20AUG12)	5250	5207	5163	5120	5076
GOLD (04SEP12)	30257	30155	30097	29995	29937
SILVER (05SEP12)	53852	53600	53456	53204	53060
LEAD (31AUG12)	105.7	104.8	104.2	103.2	102.6
NATURALGAS (28AUG12)	157.6	155.8	153.4	151.6	149.2
NICKEL (31AUG12)	867.3	863.4	857.4	853.5	847.5	Sell below 857 SL 862.50 TGT 849/846
ZINC (31AUG12)	102.6	101.9	101.4	100.7	100.2

     Important Events for the Day

14^th AUG 2012 (Time – IST)

EUR German Gross Domestic Product n.s.a. (YoY) (2Q P) at 11:30

EUR German Gross Domestic Product s.a. (QoQ) (2Q P) at 11:30

EUR German Gross Domestic Product w.d.a. (YoY) (2Q P) at 11:30

GBP Consumer Price Index (YoY) (JUL) at 14:00

GBP Core Consumer Price Index (YoY) (JUL) at 14:00

EUR Euro-Zone Gross Domestic Product s.a. (QoQ) (2Q A) at 14:30

USD Advance Retail Sales (JUL) at 18:00

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