Commodity Report 9th Oct

Global Research Limited

09th,October

Report Report COMEX COMEX


2 www.capitalvia.com

DATE TIME: IST DATA PRV EXP

09.10.13

Global Economic Data

09th October,2013

IMPACT

Crude Oil Inventories

FOMC Member Evans Speaks 7:30 P.M

Energy Information Administration (latest release)Source

Usual Effect

Frequency

FF Notes

Change in the number of barrels of crude oil held in inventory by commercial firms during the past week;

While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector;

Measures

Why TradersCare

Also Called

It influences the price of petroleum products which affects inflation, but also impacts growth as many

industries rely on oil to produce goods;

Crude Stocks, Crude Levels;

No consistent effect - there are both inflationary and growth implications;

Released weekly, 4 days after the week ends;

09.10.13 Crude Oil Inventories8:00 P.M MEDIUM5.5M 0.9M

09.10.13 10-y Bond Auction 10:31 P.M

09.10.13 FOMC Meeting Minutes11:30 P.M STRONG

MEDIUM2.95/2.9

Next Release Oct 16, 2013



09th October,2013

FOMC Meeting Minutes

Federal Reserve (latest release)Source

Usual Effect

Frequency

Next Release Nov 21, 2013

Why TradersCare

It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the

economic and financial conditions that influenced their vote on where to set interest rates;

More hawkish than expected = Good for currency;

Scheduled 8 times per year, 3 weeks after the Federal Funds Rate is announced;

Acro ExpandFederal Open Market Committee (FOMC);

10-y Bond Auction

Treasury Direct (latest release)Source

Usual Effect

Frequency

Next Release

Highest yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction;

Nov 07, 2013

Measures

FF Notes

Why TradersCare

Above 50.0 indicates optimism, below indicates Auction results are reported in an 'X.XX|X.X' format -

the first number is the highest interest rate of the bonds sold, and the second number is the bid-to-

cover ratio (number of bids made per bid accepted);

Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook

on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which

can be used to gauge investor confidence;

No consistent effect - there are both risk and growth implications;

Conducted monthly;

Also CalledTreasury Auction, Note Auction;



09th October,2013

Ÿ

ŸGold closed higher today at 1324. Support is at the recent low of 1277 from October 2. Resistance is at the recent high of 1375

from September 19. We are currently neutral, but would view it as a positive development if gold holds key support at 1273.

Ÿ

Gold was higher today as equities continued to slide while U.S. lawmakers remain deadlocked over the government

shutdown and the debt ceiling debate. Gold opened at 1318.50/1319.50, touched a low of 1316.50/1317.50 before jumping to

a session high of 1329.00/1330.00 around midmorning. The metal closed at 1324.50/1325.50.

Gold rose as U.S. government shutdown dragged on and a deadline to raise the national debt ceiling loomed.

ŸThe United States faces an Oct. 17 deadline to raise its $16.7 trillion debt limit.

ŸThe budget impasse that has shut down parts of the U.S. government entered its second week and still looked set to continue.

Ÿ Silver also traded higher on the day. After trading sideways overnight, silver opened the week at 21.89/21.94. Price

bottomed at 21.88/21.93 early on, before advancing to a high of 22.45/22.50 as investors fled to safety. The metal

closed the day near the high, at 22.35/22.40.

Ÿ Silver closed higher today at 22.35, breaking through congestion in the low 22's to reach a new 2 week high. Price

action since the June 28th low at 18.23 is consistent with silver having formed a bottom; however, it is too early to

make this conclusion. Resistance is at the recent high of 23.42 from September 19th. Support is at the recent low (from

October 1) at 20.62.

ŸThe gold-silver ratio had a bearish move today, closing much lower at 59.28. The next support is 58.86, which is the

50% retracement of the November to August uptrend. We are bearish the ratio, targeting a full retracement to 57.09, the

low from August 2013.

ŸSilver fluctuated near highs as the U.S. moved closer to a deadline to raise the national debt ceiling or risk default.

ŸInvestors continued to monitor negotiations over a U.S. budget impasse that has kept the federal government shut

down since October 1.

ŸTTraders will be looking ahead to Wednesday's minutes of the Fed's most recent policy-setting meeting for further

clues

Gold

Silver


09th October,2013


Ÿ On the New York Mercantile Exchange, light, sweet crude futures for November delivery rose 0.15% to USD103.65 per

barrel in Asian trading Wednesday. The November contract settled higher by 0.45% at USD103.49 per barrel on Tuesday.

Ÿ Analysts expected gasoline supplies to increase 1.3 million barrels and expected a drop of 1.9 million barrels in

distillates. The U.S. Energy Information Administration is expected to release its weekly supply report despite the shutdown

later today.

ŸOil may also be getting a lift on media reports that President Barrack Obama will nominate Federal Reserve Vice Chairwoman

Janet Yellen to lead the U.S. central bank when Chairman Ben Bernanke retires early next year.

ŸOil futures traded modestly higher during Wednesday's Asian session despite data from the American Petroleum Institute that

showed an increase in inventories in the U.S. last week.

ŸCrude rose as investors looked ahead to the release of key U.S. weekly supply data amid ongoing uncertainty over the U.S.

government shutdown

ŸThe supply of North Sea crude that underpins the benchmark is set to reach a 2013 high in November

ŸToday crude oil inventories: EXP: 0.9M PREV: 5.5M. Actual is at 8.00PM

ŸOn the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.311 a pound during

European morning trade, up 0.45%.

Copper prices held in a range between USD3.287 a pound, the daily low and a session high of USD3.314 a pound. The December contract

settled 0.14% lower at USD3.296 a pound on Monday.

ŸCopper prices were likely to find support at USD3.258 a pound, the low from October 4 and resistance at USD3.324 a pound, the high from

October 3.

ŸCopper futures edged higher on Tuesday, as investors speculated demand for the red metal will pick up as markets in mainland China re-

opened following a week-long holiday.

ŸCopper gained as investors speculated demand will pick up as markets in mainland China re-opened following a week-long holiday.

ŸChile will produce about 5.7 million tonnes of copper this year, an almost 5 percent increase on last year and a historic high.

ŸThe IMF trimmed its projections for global economic growth, citing deteriorating growth prospects in emerging markets

Crude

Copper

INDEX ROLLOVER


The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not

accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them

the most.

Investment in Stocks has its own risks.

We, however, do not vouch for the

accuracy or the completeness thereof. we are not responsible for any loss incurred

whatsoever for any financial profits or loss which may arise from the recommendations

above.

CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.

Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any

Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions

can be taken.

Sincere efforts have been made to present the right investment perspective. The

information contained herein is based on analysis and up on sources that we consider reliable.

This material is for personal information and

based upon it & take no responsibility

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

with all estimates and forecasts, can change without notice.

Analyst or any person related to CapitalVia might be holding positions in the stocks recommended.

It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as

a recommendation for which either the site or its owners or anyone can be held responsible for.

Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

Disclaimer

Contact Us

www.capitalvia.com

You Can Send Us DD & Communication @ Postal Address:

CapitalVia Global Research Limited, No. 99, 1st Floor, Surya Complex, R. V. Road, Basavanagudi,

Opposite Lalbagh West Gate, Bangalore - 560004

Contact Number:

Hotline : +91-91790-02828

Fax : +91-731-4238085

Ahmedabad:

CapitalVia Global Research Limited

Ebony Business Centre

703, Shikhar Complex, Nr. Vadilal House,

Mithakali Six Roads,

Ahmedabad - 380009

Corporate Office Address:

No. 99, 1st Floor, Surya Complex

R. V. Road, Basavangudi

Opposite Lalbagh West Gate

Indore:

CapitalVia Global Research Limited

No. 506 West, Corporate House

169, R. N. T. Marg, Near D. A. V. V

Singapore:

CapitalVia Global Research Pvt. Ltd.

Block 2 Balestier Road

#04-665 Balestier Hill

Shopping Centre

Technical levels

SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2

GOLD 1316 1311 1329 1334

SILVER 22.19 21.94 22.60 23.02

COPPER 3.2760 3.2595 3.3150 3.3380

CRUDE 102.85 102.24 104.09 104.70

Economy & Finance

Commodity Report 9th Oct