Thursday 9 August 2012

Daily Report for 10th Aug 2012


Commodities Market Summary
Gold traders are the most bullish in five weeks as investors expanded their bullion holdings near a record on mounting speculation that central banks will have to do more to bolster economic growth. Gold rose 3.2 percent to $1,617.40 an ounce on the Comex in New York this year, extending 11 consecutive annual gains. That compares with a 2.6 percent gain in the Standard & Poor’s GSCI gauge of 24 commodities and a 7.9 percent advance in the MSCI All-Country World Index of equities. Treasuries returned 1.9 percent, a Bank of America Corp. index shows. Oil headed for a second weekly gain in New York after applications for unemployment relief unexpectedly declined last week in the U.S., the world’s biggest consumer of crude. Oil for September delivery was up 4 cents at $93.40 a barrel in electronic trading on the New York Mercantile Exchange at 12:25 p.m. Sydney time after climbing 1 cent yesterday. Prices are 5.5 percent lower since the start of the year. Brent crude for September settlement was unchanged at $113.22 a barrel on the London-based ICE Futures Europe exchange after advancing 1 percent yesterday. The European benchmark’s premium to West Texas Intermediate was at $19.83. It closed at $19.86 yesterday, the widest gap since April.

             Levels for the Day
Name
RES2
RES1
       S/R
      SUP1
      SUP2
RECOMMENDATION
ALUMINIUM (31AUG12)
105.1
104.5
104.1
103.5
103.2

COPPER
(31AUG12)
421.2
419.4
418.1
416.4
415.1

CRUDEOIL (20AUG12)
5218
5196
5171
5149
5124
Sell at 5170/5165 SL 5200 tgt 5135/5120
GOLD
(04SEP12)
30049
30008
29939
29898
29829

SILVER
(05SEP12)
53767
53639
53481
53353
53195

LEAD
(31AUG12)
106.4
106.1
105.65
105.35
104.9

NATURALGAS (28AUG12)
178.9
173.8
166.7
161.6
154.5

NICKEL
(31AUG12)
877.4
870.1
866.2
858.9
855.0

ZINC
(31AUG12)
103.1
102.9
102.7
102.4
102.2




 
     Important Events for the Day
9th AUG 2012 (Time – IST)
EUR German CPI - EU Harmonised (YoY) (JUL F) at 11:30
EUR German Consumer Price Index (MoM) (JUL F) at 11:30
EUR German CPI - EU Harmonised (MoM) (JUL F) at 11:30
EUR Italian CPI (NIC incl. tobacco) (MoM) (JUL F) at 11:30
CAD Net Change in Employment (JUL) at 18:00
CAD Unemployment Rate (JUL) at 18:00

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