Commodities Market
Summary
Gold
for December delivery climbed as much as 1.1 percent to $1,658.90 an ounce, the
highest since May 2, and traded at $1,657.80 at 8:10 a.m. in Singapore. Bullion
for immediate delivery rose 0.1 percent to $1,656.70 an ounce, also the most
expensive since May 2. Oil rose for a third day in New York after stockpiles
declined more than analysts projected and speculation mounted that central
banks in the U.S. and China will boost economic stimulus. Futures advanced as
much as 0.9 percent after closing at the highest level in more than three
months yesterday. Crude inventories shrank 5.4 million barrels last week, the
Energy Department said. They were forecast to drop by 250,000 barrels. Minutes
from a U.S. Federal Reserve meeting showed many policy makers backed more
monetary easing, while China’s central bank governor, Zhou Xiaochuan, said
adjustments to interest rates and banks’ reserve requirements are still
possible.
Levels for the Day
|
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
|
ALUMINIUM (31AUG12)
|
103.4
|
102.9
|
102.3
|
101.7
|
101.1
|
|
|
COPPER
(31AUG12)
|
425.4
|
423.7
|
421.7
|
419.9
|
417.9
|
Buy at 423.50/424
SL 421 TGT 428/429
|
|
CRUDEOIL (20AUG12)
|
5427
|
5397
|
5373
|
5343
|
5319
|
|
|
GOLD
(04SEP12)
|
30502
|
30410
|
30347
|
30255
|
30192
|
|
|
SILVER
(05SEP12)
|
55784
|
55546
|
55331
|
55093
|
54878
|
|
|
LEAD
(31AUG12)
|
106.8
|
106.3
|
106.0
|
105.5
|
105.1
|
|
|
NATURALGAS (28AUG12)
|
160.1
|
158.1
|
156.3
|
154.3
|
152.5
|
|
|
NICKEL
(31AUG12)
|
897.6
|
892.3
|
883.8
|
878.5
|
870.0
|
|
|
ZINC
(31AUG12)
|
101.6
|
101.1
|
100.4
|
99.9
|
99.3
|
|
|
23rd AUG 2012 (Time – IST)
EUR German Gross Domestic Product n.s.a. (YoY) (2Q F) at 11:30
EUR German Gross Domestic Product s.a. (QoQ) (2Q F) at 11:30
EUR German Gross Domestic Product w.d.a. (YoY) (2Q F) at 11:30
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