Daily Commodity Market Report 10-04-2013

7/28/2019 Daily Commodity Market Report 10-04-2013

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Daily Newsletter-Commodity 10/04/2013

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MARKET WRAP

Gold futures rallied to a one-week high

Natural gas futures slipped for a second day in New York

Zinc advanced as much as 1.7 percent

Copper headed for the biggest gain since January

Gold futures rallied to a one-week high on speculation that central bankers in the world’s

major economies will take additional steps to spur growth, boosting demand for the precious

metal as a store of value. Silver jumped 3 percent. Natural gas futures slipped for a second

day in New York on forecasts of moderate weather in the eastern third of the U.S. that would

reduce fuel demand. Copper headed for the biggest gain since January in London, leading

industrial metals higher after weaker-than-estimated Chinese inflation eased concerns that

the government will tighten monetary policy. Zinc advanced as much as 1.7 percent to

$1,923.50 a ton in London, the highest since March 26. Lead, tin and nickel also gained.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

WedApr 10

12:15pm EUR French Industrial Production m/m 0.6% -1.2%

1:30pm EUR Italian Industrial Production m/m -0.4% 0.8%

8:00pm USD Crude Oil Inventories 1.6M 2.7M

10:30pm USD 10-y Bond Auction 2.03|3.2

11:30pm USD FOMC Meeting Minutes

USD Federal Budget Balance -110.3B -203.5B

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TECHNICAL VIEW

GOLD(JUNE) SILVER(MAY)

COPPER(APR) CRUDE(APR)

NATURALGAS(APR) LEAD(APR)

ZINC(APR) NICKEL(APR)

• Consolidate

• Sell on high

Trend

Strategy• R2 - 30180

• R1 - 29890Resistance

• S1 - 29430

• S2 - 29150support

• Consolidate

• Sell on high

Trend

Strategy

• R2 - 53750


• S1 - 51150


• Consolidate

• Sell on high

Trend

Strategy

• R2 - 427


• S1 - 403

• S2 - 395support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 5265


• S1 - 5050


• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 237

•R1 - 227Resistance

•S1 -213

•S2 -205support

• Consolidate

• Sell on high

Trend

Strategy• R2 - 118.5

• R1 - 115.8Resistance

• S1 - 110.8

•S2 - 107.5support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 107.3

•R1 - 104.8Resistance

•S1 - 100.3

•S2 - 97.5support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 948

•R1 - 915Resistance

•S1 - 848

•S2 - 815support





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ALUMINIUM(APR)

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Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis

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The information given herein should be treated as only factor, while making investment decision. The report does not provide

individually tailor-made investment advice. Money CapitalHeight Research Pvt. Ltd. recommends that investors independently

evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. MoneyCapitalHeight Research Pvt. Ltd. shall not be responsible for any transaction conducted based on the information given in this report,

which is in violation of rules and regulations of MCX and NCDEX.

The metals price projections shown are not necessarily indicative of future price performance. The information herein, together with

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• Consolidate

• Sell on highTrend

Strategy

•R2 - 106.8

•R1 - 103.7Resistance

•S1 - 101.3

•S2 - 99.5support



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Daily Commodity Market Report 10-04-2013