Commodities Market Summary
Gold rebounded
sharply from its overnight crash to conquer another fresh historic peak and
came within a striking distance of the Rs 32,000-mark at the bullion hub here
on fresh bout of frenzied speculative buying ignited by encouraging global
cues. Silver also regained smartly and
revisited nearly an 11-1/2 month high, driven by aggressive stockist demand
amid strong industrial off-take. Oil traded near the highest level in a week amid
speculation that countries from the U.S. to China will add economic stimulus,
countering signs of a slowdown that threatens fuel demand. Futures were little
changed in New York. The U.S., the world’s biggest oil user, holds a Federal
Reserve meeting to discuss monetary policy this week after the European Central
Bank last week agreed on bond purchases to ease the euro-area’s debt crisis.
Net crude imports last month by China, the second- biggest consumer of the
commodity, slid to the lowest level in almost two years amid slowing global
demand for the nation’s goods, government figures showed today.
Levels for the Day
|
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
|
ALUMINIUM (28SEP12)
|
115.1
|
114.2
|
112.6
|
111.7
|
110.1
|
|
|
COPPER
(30NOV12)
|
459.1
|
456.2
|
451.9
|
448.9
|
444.6
|
|
|
CRUDEOIL (19SEP12)
|
5387
|
5357
|
5323
|
5293
|
5259
|
|
|
GOLD
(05OCT12)
|
32126
|
32016
|
31934
|
31824
|
31742
|
|
|
SILVER
(05DEC12)
|
64973
|
64476
|
64118
|
63621
|
63263
|
|
|
LEAD
(28SEP12)
|
119.7
|
118.3
|
117.0
|
115.7
|
114.4
|
|
|
NATURALGAS (25SEP12)
|
155.8
|
153.9
|
150.8
|
148.9
|
145.8
|
|
|
NICKEL
(28SEP12)
|
945.2
|
936
|
924.3
|
915.1
|
903.4
|
Sell at 926/927 SL 932 TGT
916/914
|
|
ZINC
(28SEP12)
|
112.8
|
111.6
|
109.8
|
108.5
|
106.7
|
|
No comments:
Post a Comment