DAILY COMMODITY REPORT 15TH OCTOBER 2012

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 HEADLINES
Gold action could be erratic short term Central bank easing are fading, the markets are drifting and that could mean generally softer prices. The decline may be erratic and somewhat uneven in gold, as the complex will be more susceptible to easing policies and less vulnerable to slowing growth concerns compared to

TRADING TIP:

others in the group, Epic Research that easing policies have come from both Europe and the U.S., but not yet from China. The Asian nation is in some ways, is the last hold-out and one that could provide the gold market another lift in the event that authorities signal more monetary relaxation. Global gold prices ended the US day session modestly higher as the U.S. dollar index was weaker and crude oil prices were higher. Copper traders most bearish since June on economies. Bloomberg reported that copper traders are the most bearish in four months on mounting concern that demand

Sell Lead Oct Below 113.20 TGTS-112.50/111.90 SL-113.70

Sell Silver Dec Below 31239 TGTS-31100/30900 SL-31328

i

for industrial metals will weaken as growth slows from China to Europe. Fourteen analysts surveyed by Bloomberg said that they expect prices to drop next week and seven were bullish. A further 10 were neutral making the proportion of bears the highest.

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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 4855 42250

4560 5120

4532 5018 1178 14800 1041 -0.08 42435 -2.36 781.3 4315 -0.70 4540 -0.14 1282 -1.35

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

-0.61 -1.99 -0.46 -1.68 -0.76 4851 0.11 910.40 -0.2 0.28 61346 -2.66 31276 2.89 113.35

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

932.40 777.4 782.85 4265.5 61778 4303 4518 4664 31321 1251 114.90 1246

Zinc

31-Oct-12

102.65

-1.27

101.35

Copper

30-Nov-12

437.9

-0.72

434.75

Aluminium

30-Oct-12

105.70

-0.85

104.80

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 DAILY MCX GOLD CHART

ANALYSIS
OPEN: 31250 HIGH: 31289 LOW: 31242 CLOSE: 31284

GOLD LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

 DAILY MCX SILVER CHART

ANALYSIS
OPEN: 61238 HIGH: 61247 LOW: 61110 CLOSE: 61198

SILVER LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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