Commodities Market Summary
Oil and gold advanced while the euro strengthened
after Japan’s gross domestic product expanded less than estimated, adding to
speculation that global central banks will need to do more to support growth.
Corn retreated from a record struck last week. Oil rose 0.8 percent in New York
to $93.58 a barrel as of 12:49 p.m. in Tokyo, pushing the S&P GSCI Index of
24 commodities up by 0.4 percent. Immediate-delivery gold gained 0.3 percent to
$1,624.40 an ounce. The euro climbed against most of its major peers and was up
0.2 percent to 96.33 yen. Corn fell 0.4 percent in Chicago after touching a
record last week. Standard & Poor’s 500 index futures slipped 0.3 percent.
Levels for the Day
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
ALUMINIUM (31AUG12)
|
104.9
|
104.0
|
103.3
|
102.4
|
101.7
|
|
COPPER
(31AUG12)
|
419.9
|
417.3
|
415.0
|
412.4
|
410.1
|
|
CRUDEOIL (20AUG12)
|
5207
|
5155
|
5123
|
5071
|
5039
|
|
GOLD
(04SEP12)
|
30185
|
30119
|
30012
|
29946
|
29839
|
|
SILVER
(05SEP12)
|
54128
|
53814
|
53420
|
53106
|
52712
|
|
LEAD
(31AUG12)
|
106.3
|
105.5
|
105.1
|
104.4
|
104.1
|
|
NATURALGAS (28AUG12)
|
173
|
163.7
|
158.8
|
149.5
|
144.6
|
|
NICKEL
(31AUG12)
|
870.5
|
862.4
|
857.3
|
849.2
|
844.1
|
Buy NICKEL above 855 SL 849
TGT 864/872
|
ZINC
(31AUG12)
|
103
|
102.4
|
102
|
101.4
|
101.1
|
|
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