DAILY COMMODITY REPORT 12TH OCTOBER 2012

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 HEADLINES
Gold headed for biggest weekly loss in two months Gold was little changed, holding on to gains in the previous session when the dollar eased from a one-month high, but bullion was headed for its biggest weekly drop in two months. Spot gold was little changed at $1,768.49 an

TRADING TIP:

ounce by 0015 GMT, on course for a 0.7-percent weekly loss, its sharpest one-week fall in two months. U.S. gold traded nearly flat at $1,770.40. The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls. The IMF on Thursday backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast, would do more harm than good. UBS raises Gold, Silver, Copper 2012, 2013

Buy Natural Gas Oct Above 190.50 TGTS-192/195 SL-189

Sell Zinc Oct Below 102.40 TGTS-101.70/101 SL-103.10

price forecasts Zurich based investment bank UBS AG (SIX: UBSN, NYSE: UBS) lifts its 2012 average estimate for gold prices by $20 an ounce to $1,700 and its 2013 estimate to $1,900 from $1,725. The open-ended nature of QE promises longevity for a higher gold trade and the quantitative easing and strength in gold also supports silver, The Swiss bank noted.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI GUR JEERA

7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012

4556 5060 1188 14955 1044 19-Oct-12 42300

4573 5060 1188 14960 1053 42555

4525 5018 1178 14650 1035 4882 42250

4560 5120

4532 5018 1178 14800 1041 -0.55 42435 -0.69 781.3 4315 -0.64 4540 -0.43 1282 -1.33

-28 -102 -5.5 -252.5 -8 45 -1.55 12 -124 36

-0.61 -1.99 -0.46 -1.68 -0.76 4855 0.11 932.40 -0.2 0.28 61778 -2.66 31321 2.89 114.90

DAILY MARKET STATISTICS

1183.5 15052.5 1049 42390

Symbol
Crude Oil

Expiry Date

PCP

% Change

LTP

KAPAS PEPPER

Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012

31-Oct-12 780.5 783.6 4309 5-Dec-12 4330 4600 4676 5-Dec-12 1251 31-Oct-12 1282

938.90 777.4 782.85 4265.5 62176 4303 4518 4664 31456 1251 116.45 1246

Zinc

31-Oct-12

103.90

-1.20

102.65

Copper

30-Nov-12

437.60

0.07

437.90

Aluminium

30-Oct-12

106

-0.28

105.70

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 DAILYMCX GOLD CHART

ANALYSIS
OPEN: 31457 HIGH: 31511 LOW: 31283 CLOSE: 31321

GOLD LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

 DAILY MCX SILVER CHART

ANALYSIS
OPEN: 62161 HIGH: 62342 LOW: 61731 CLOSE: 61778

SILVER LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

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