Commodities Market Summary
Gold traded flat on Tuesday, retaining gains from
the past two sessions as investors waited for action from the European Central
Bank in hopes that it would do more to tackle the region's debt crisis. Spot
gold was little changed at $1,611.40 an ounce by 0307 GMT, after rising more
than 1 per cent over the past two sessions. The US gold futures contract for
December delivery edged down 0.1 per cent to $1,614.50. Oil traded near the
highest close in more than two weeks in New York before a U.S. report forecast
to show crude inventories declined to a three-month low. Tropical Storm Ernesto
gained strength in the Caribbean. Oil for September delivery was at $92.07 a
barrel, down 13 cents, or 0.1 percent, in electronic trading on the New York
Mercantile Exchange at 10:30 a.m. in Singapore. It settled yesterday at $92.20,
the highest level since July 19. Prices are 7 percent lower this year. Brent
crude for September settlement was at $109.61 a barrel, up 6 cents, on the
London-based ICE Futures Europe exchange. The European benchmark’s premium to
West Texas Intermediate was at $17.54 from $17.35 yesterday.
Levels for the Day
|
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
|
ALUMINIUM (31AUG12)
|
104.2
|
103.7
|
103.1
|
102.5
|
101.7
|
|
|
COPPER
(31AUG12)
|
416.7
|
415.6
|
413.7
|
412.6
|
410.7
|
|
|
CRUDEOIL (20AUG12)
|
5130
|
5106
|
5073
|
5049
|
5016
|
Buy at 5090/5095 SL
5065 TGT 5140/5145
|
|
GOLD
(04SEP12)
|
30070
|
29999
|
29933
|
29862
|
29796
|
|
|
SILVER
(05SEP12)
|
53607
|
53476
|
53313
|
53182
|
53019
|
|
|
LEAD
(31AUG12)
|
105.8
|
105.3
|
105.0
|
104.5
|
104.2
|
|
|
NATURALGAS (28AUG12)
|
164.3
|
162.3
|
159.3
|
157.3
|
154.3
|
|
|
NICKEL
(31AUG12)
|
884.0
|
880.3
|
874.9
|
871.2
|
865.8
|
Buy at 875/876 SL 869 TGT 887/890
|
|
ZINC
(31AUG12)
|
102.8
|
102.6
|
102.3
|
102.1
|
101.8
|
|
|
GBP NIESR Gross Domestic Product
Estimate (JUL) at 19:30
No comments:
Post a Comment