DAILY COMMODITY REPORT 7TH NOVEMBER 2012

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 HEADLINES
US elections: Gold price at 1-wk high. Gold price extended gains on Wednesday ahead of the result of a tightly fought U.S. presidential election, after rising nearly 2 percent the session before on speculation that victory for Barack Obama could mean further economic stimulus. President Obama was

TRADING TIP:

gaining momentum against Republican challenger Mitt Romney on Tuesday, as U.S. voters decided between two starkly different visions for the country. Bullion rallied to an 11-month high above $1,795 an ounce in early October after the U.S. Federal Reserve announced its third round of aggressive economic stimulus in September, helping gold by fuelling fears of inflation and maintaining pressure on interest rates. LME copper gains for 2nd day, focus on US presidential race. London copper edged up for a second session on Wednesday, pulling away from two-month lows

Buy Lead Nov Above 119.10 TGTS-119.70/120.50 SL-118.40

Sell Copper Nov Below 421.50 TGTS- 419/416 SL-423

reached earlier this week as investors awaited the outcome of a tight U.S. presidential election. Regardless of who wins, the emergence of a clear winner should end the political uncertainty that has weighed on markets in the weeks leading up to Tuesday's vote, analysts say, fueling a relief rally in commodities in the previous session.

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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 15-Nov-12 42300

4573 5060 1188 14960 1053 42555

4525 5018 1178 14650 1035 4665 42250

4560 5120

4532 5018 1178 14800 1041 2.77 42435 0.73 781.3 4315 2.28 4540 1.23 1282 1.71

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

-0.61 -1.99 -0.46 -1.68 -0.76 4794 0.11 880.9 -0.2 0.28 59910 -2.66 31273 2.89 118.8

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

30-Nov-12 780.5 783.6 4309 5-Dec-12 4330 4600 4676 5-Dec-12 1251 30-Nov-12 1282

874.5 777.4 782.85 4265.5 58574 4303 4518 4664 30849 1251 116.8 1246

Zinc

30-Nov-12

101.2

1.33

102.55

Copper

30-Nov-12

420.65

0.32

422

Aluminium

30-Nov-12

104.3

0.24

104.55

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 DAILY MCX GOLD CHART

ANALYSIS
OPEN: 30879 HIGH: 31367 LOW: 30855 CLOSE: 31273

GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

 DAILY MCX SILVER CHART

ANALYSIS
OPEN: 58595 HIGH: 60283 LOW: 58355 CLOSE: 59910

SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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