Commodities Market Summary
Gold
futures declined for the first time in three sessions as a European Central
Bank plan to buy bonds as part of an economic-stimulus program lowered demand
for the precious metal as a hedge against inflation. Gold futures for December
delivery fell 0.1 percent to settle at $1,694 at 1:41 p.m. on the Comex in New
York. The commodity gained 2.3 percent in the previous two sessions. Oil rose
for a second day in New York after a report showed stockpiles declined the most
in five weeks in the U.S., the world’s biggest crude consumer. utures advanced
as much as 0.9 percent after the industry- funded American Petroleum Institute
said inventories slid 7.2 million barrels last week, the most since the period
ended July 27. An Energy Department report today may show supplies fell 4.95
million barrels as Hurricane Isaac curtailed output in the Gulf of
Mexico,European Central Bank will today announce President Mario Draghi’s
proposal for bond purchases to tame the region’s debt crisis.
|
|
6th Sep 2012 (Time – IST)
EUR Euro-Zone Gross Domestic Product s.a. (QoQ) (2Q P) at
14:30
GBP Bank of England Rate Decision (SEP 6) at 16:30
EUR European Central Bank Rate Decision (SEP 6) at 17:15
EUR ECB's Draghi Holds Press Conference After Rate
Decision at 18:00
Levels for the Day
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
ALUMINIUM (28SEP12)
|
110.9
|
110.1
|
108.7
|
107.9
|
106.6
|
|
COPPER
(30NOV12)
|
450.4
|
443.85
|
436.4
|
429.85
|
422.4
|
|
CRUDEOIL (19SEP12)
|
5382
|
5355
|
5317
|
5290
|
5252
|
|
GOLD
(05OCT12)
|
31595
|
31532
|
31479
|
31416
|
31363
|
|
SILVER
(05DEC12)
|
60483
|
59997
|
59755
|
59269
|
59027
|
|
LEAD
(28SEP12)
|
114.4
|
113.6
|
112.2
|
111.4
|
110.0
|
|
NATURALGAS (25SEP12)
|
162.7
|
159.9
|
158.2
|
155.4
|
153.7
|
|
NICKEL
(28SEP12)
|
911.2
|
906.5
|
899.2
|
894.5
|
887.2
|
Buy at 903.50/904 SL 896 TGT
916/918
|
ZINC
(28SEP12)
|
106.2
|
105.6
|
104.8
|
104.2
|
103.3
|
No comments:
Post a Comment