Commodities Market Summary
Spot
gold rose as much as 0.5 percent to $1,701.60 an ounce, and was at $1,701.38 at
2:20 p.m. in Singapore. The last time immediate-delivery bullion was above
$1,700 an ounce was March 13. December-delivery gold gained as much as 0.6
percent to $1,703.90 an ounce on the Comex in New York and was at $1,703.80.
The price has risen 8.7 percent this year. Oil fell from the highest close in
almost a week as investors speculated prices may have risen too far before a
report forecast to show jobs growth slowed last month in the U.S., the world’s
biggest crude consumer. Futures slid as much as 1 percent, declining for the
first time in three days and heading for the first weekly drop in six weeks.
U.S. employment probably rose by 130,000 in August after gaining 163,000 in
July. Crude for October delivery declined as much as 98 cents to $94.55 a
barrel in electronic trading on the New York Mercantile Exchange and was at
$94.72 at 11:24 a.m. Sydney time. The contract climbed 17 cents yesterday to
$95.53, the highest close since Aug. 31. Front-month prices are down 1.8
percent this week and 4.2 percent this year.
|
7th Sep 2012 (Time – IST)
14:00 - GBP
BoE/GfK Inflation Next 12 Mths (AUG)
18:00 -
Currency: cad CAD Net Change in
Employment (AUG)
18:00 - CAD
Unemployment Rate (AUG)
18:00 - USD
Change in Non-farm Payrolls (AUG)
18:00 - USD
Unemployment Rate (AUG)
19:30 - GBP NIESR Gross Domestic Product Estimate
(AUG)
Levels for the Day
|
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
|
ALUMINIUM (28SEP12)
|
111.2
|
110.1
|
109.5
|
108.4
|
107.8
|
|
|
COPPER
(30NOV12)
|
441.1
|
437.3
|
435.2
|
431.4
|
429.3
|
|
|
CRUDEOIL (19SEP12)
|
5482
|
5411
|
5366
|
5295
|
5250
|
|
|
GOLD
(05OCT12)
|
31976
|
31722
|
31563
|
31309
|
31150
|
|
|
SILVER
(05DEC12)
|
64002
|
63170
|
62599
|
61767
|
61196
|
|
|
LEAD
(28SEP12)
|
115.2
|
114.1
|
113.5
|
112.4
|
111.8
|
|
|
NATURALGAS (25SEP12)
|
162.4
|
160.1
|
157.6
|
155.3
|
152.8
|
|
|
NICKEL
(28SEP12)
|
921.5
|
909.2
|
902.7
|
890.4
|
883.9
|
SELL at cmp 903/904 SL 910 TGT
890/886
|
|
ZINC
(28SEP12)
|
106.8
|
106.0
|
105.4
|
104.6
|
104.0
|
|
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