Commodities Market Summary
|
Gold
declined for a third day as investors weighed whether the Federal Reserve will
signal a new round of measures to boost the economy tomorrow and as Spain said
it will delay a decision on seeking aid. Silver futures for December delivery
declined 1.5 percent to $30.446 an ounce in New York, the biggest fall for a
most- active contract since Aug. 2. Oil dropped to a two-week low as producers
worked to restore Gulf of Mexico output after Hurricane Isaac passed. Prices
fell 0.9 percent as Isaac’s threat to offshore production eased as the system
weakened to a tropical storm over Louisiana. Oil also declined after 374,000
Americans filed applications for unemployment benefits last week, more than
forecast. Crude extended losses as drops in equities accelerated and the dollar
rebounded against the euro. Oil for October delivery dropped 87 cents to settle
at $94.62 a barrel on the New York Mercantile Exchange. Futures have declined
4.3 percent this year. Prices are 7.4 percent higher in August, heading for the
biggest monthly gain since February.
Levels for the Day
|
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
|
ALUMINIUM (28SEP12)
|
106
|
105.35
|
104.80
|
104.15
|
103.60
|
|
|
COPPER
(30NOV12)
|
433.8
|
430.5
|
428.2
|
424.9
|
422.6
|
Sell at 427.50/428 SL 431.50
tgt 423/421
|
|
CRUDEOIL (19SEP12)
|
5384
|
5347
|
5319
|
5282
|
5254
|
|
|
GOLD
(05OCT12)
|
31311
|
31265
|
31202
|
31156
|
31093
|
|
|
SILVER
(05SEP12)
|
59924
|
59448
|
59074
|
58598
|
58224
|
|
|
LEAD
(28SEP12)
|
110
|
109.2
|
108.7
|
108.1
|
107.5
|
|
|
NATURALGAS (25SEP12)
|
168.8
|
166.4
|
162.5
|
160.1
|
156.3
|
|
|
NICKEL
(28SEP12)
|
926.8
|
913.9
|
907.1
|
894.2
|
887.4
|
|
|
ZINC
(28SEP12)
|
104.3
|
103.4
|
102.7
|
101.8
|
101.1
|
|
|
31st AUG 2012 (Time – IST)
CAD Gross Domestic Product (YoY) (JUN) at 18:00
USD Fed's Bernanke Speaks at Jackson Hole Economic Policy
Symposium at 19:30
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