Commodities Market Summary
|
Gold
futures fell from a 10-month high in New York on renewed concern that demand in
Asia will remain slow. Silver also declined. Gold futures for December delivery
fell 0.4 percent to settle at $1,775.60 an ounce at 1:35 p.m. on the Comex in
New York, dropping for the second time in three sessions. Yesterday, prices
reached $1,794.40, the highest for a most-active contract since Nov. 14. Silver
futures for December delivery slid 0.8 percent to $34.669 an ounce in New York,
after reaching $35.445 yesterday, the highest since March 2. Oil dropped for a
second day in New York after an industry report showed U.S. crude stockpiles
climbed a fourth week, signaling demand may be faltering in the world’s biggest
user of the commodity. Futures fell as much as 0.4 percent after the American
Petroleum Institute said inventories rose 462,000 barrels last week in the
longest run of gains since May. An Energy Department report today may show
supplies increased 1.5 million barrels. Iraq, OPEC’s second- biggest oil
producer, is “happy” with prices at current levels, according to Thamir
Ghadhban, a senior adviser to Prime Minister Nouri al-Maliki.
Levels for the Day
|
Name
|
RES2
|
RES1
|
S/R
|
SUP1
|
SUP2
|
RECOMMENDATION
|
|
ALUMINIUM (31OCT12)
|
112.3
|
111.7
|
110.5
|
109.9
|
108.7
|
|
|
COPPER
(30NOV12)
|
445.1
|
442.6
|
439.4
|
436.9
|
433.7
|
Buy ABOVE 440 SL 437 TGT 445/447
|
|
CRUDEOIL (19OCT12)
|
4938
|
4899
|
4870
|
4831
|
4802
|
|
|
GOLD
(05OCT12)
|
31361
|
31197
|
31086
|
30922
|
30811
|
|
|
SILVER
(05DEC12)
|
66175
|
64554
|
63379
|
61758
|
60583
|
|
|
LEAD
(31OCT12)
|
122.5
|
121.2
|
119.5
|
118.2
|
116.5
|
|
|
NATURALGAS (26OCT12)
|
186.9
|
184.2
|
180.4
|
177.7
|
173.9
|
|
|
NICKEL
(31OCT12)
|
1002.8
|
994.5
|
980.5
|
972.2
|
958.2
|
|
|
ZINC
(31OCT12)
|
112.4
|
111.15
|
109.55
|
108.3
|
106.7
|
|
|
3rd Oct 2012 (Time – IST)
|
EUR Euro-Zone Retail Sales (YoY) (AUG) at 14:30
|
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