Commodities Market Summary
U.S. equity-index
futures were little changed after the Standard & Poor’s 500 Index finished
last week near the highest level since 2007. Gold fell. Futures on the S&P
500 rose less than 0.1 percent to 1,453.1 as of 7:19 a.m. in Tokyo. Gold retreated
0.2 percent to $1,774 an ounce. The euro was at $1.2975. U.S. stocks declined
last week as concern about slowing global growth overshadowed optimism about
central bank stimulus. Financial and commodity shares dropped the most for the
week among 10 industry groups in the S&P 500 as Bank of America Corp. and
Alcoa Inc. declined more than 4.6 percent. The S&P 500 slipped 0.4 percent
to 1,460.15, snapping a two-week rally. Oil fell from the highest level in
almost a week as concern that European debt-crisis talks will falter and
threaten the economic recovery outweighed concern tension in the Middle East
will disrupt crude supplies. New York futures slid as much as 1.2 percent after
Chancellor Angela Merkel and President Francois Hollande clashed over the
weekend on a timetable for starting joint oversight of the Europe’s banking
sector. Iran will defend itself if attacked by Israel, according to excerpts of
a CNN interview with Iranian President Mahmoud Ahmadinejad scheduled for
broadcast today.
Levels for the Day
|
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
|
ALUMINIUM (28SEP12)
|
111.95
|
111.7
|
111.5
|
111.25
|
111.05
|
|
|
COPPER
(30NOV12)
|
446.3
|
445.9
|
445.5
|
445.1
|
444.7
|
Buy at 442/443 SL 438 tgt 447/449
|
|
CRUDEOIL (19OCT12)
|
4978.7
|
4973.3
|
4968.7
|
4963.3
|
4958.7
|
|
|
GOLD
(05OCT12)
|
31575
|
31540
|
31498
|
31463
|
31421
|
|
|
SILVER
(05DEC12)
|
63737
|
63507
|
63329
|
63099
|
62921
|
|
|
LEAD
(28SEP12)
|
121.45
|
121.2
|
121
|
120.75
|
120.55
|
|
|
NATURALGAS (25SEP12)
|
154.5
|
154.1
|
153.6
|
153.2
|
152.7
|
|
|
NICKEL
(28SEP12)
|
963.0
|
961.6
|
960.3
|
958.9
|
957.6
|
|
|
ZINC
(28SEP12)
|
111.65
|
111.5
|
111.4
|
111.25
|
111.15
|
|
|
24th Sep 2012 (Time – IST)
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