Vous êtes sur la page 1sur 3

Commodities Evening Update

Wednesday | October 31, 2012

International Commodities

Content
Days overview Market Highlights Outlook Important Events for Today

Overview:

Research Team
Nalini Rao - Sr. Research Analyst nalini.rao@angelbroking.com (022) 2921 2000 Extn. 6135 Anish Vyas - Research Associate anish.vyas@angelbroking.com (022) 2921 2000 Extn. 6104

Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from Angel Commodities Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

Commodities Evening Update


Wednesday | October 31, 2012

International Commodities
News and Analysis German Retail Sales increased by 1.5 percent in September. French Consumer Spending rose by 0.1 percent in September
Index Open 5596.75 18436.79 8911.08 1912.83 15580.56 High 5615.40 18497.64 8985.58 1918.40 15708.14 Low 5583.05 18398.48 8905.44 1909.08 15580.56 Last 5614.70 18494.53 8928.29 1912.06 15580.56

Performance during the day

as at 4.30 pm 31 October12
% Chg from Prev day 0.30 0.35 0.98 0.66 1.10
Source: Reuters

European equities are trading higher today on the back of better than estimated earnings of the companies and as Euroarea finance chiefs grant Greece some steps to meet its bailout targets. This eased debt concerns of the sovereign region creating positive market sentiments. Asian markets ended on a positive note and US stock futures are trading in the green. German Retail Sales increased by 1.5 percent in September as against a rise of 0.1 percent in August. French Consumer Spending rose by 0.1 percent in September from previous decline of 0.8 percent in August. Italian Monthly Unemployment Rate increased to 10.8 percent in September as compared to previous rise of 10.6 percent in August. Consumer Price Index (CPI) Flash Estimate was at 2.5 percent in October with respect to rise of 2.6 percent in September. European Unemployment Rate rose by 11.6 percent in September when compared to previous rise of 11.4 percent in August. Spot gold prices increased 0.4 percent today on the back of rise in risk appetite in the global market sentiments. Additionally, weakness in the US Dollar Index (DX) also supported an upside in the yellow metal prices. Appreciation in the Indian Rupee capped sharp gains in the prices on the MCX. Taking cues from rise in gold prices along with upside in the base metals complex, Spot silver prices increased 0.97 percernt today. Additionally, a weaker DX also acted as a positive factor for the white metal prices. Base metal prices witnessed a rise on the back of ubeat global market sentiments along with weakness in the DX. Decline in the LME inventories also acted as as supportive factor for the base metals pack. Copper prices gained 1.01 percent due to improved buying at lower levels. Crude oil prices increased 0.9 percent today taking cues from upbeat global market sentyiments which increased the expectations of demand for the fuel in the future. Also weakness in the DX supported an upside in the crude oil prices.

Nifty Sensex Nikkei Kospi FTSE

as at 4.30 pm 31 October12
Currency Dollar Index Euro/$ Spot INR/$ Spot Open 80.01 1.2959 53.96 High 80.05 1.3013 54.204 Low 79.745 1.2944 53.85 Current 79.775 1.3011 53.90 % Chg from Prev day -0.27 0.42 -0.11
Source: Reuters

as at 4.30 pm 31 October12
Commodity Spot Gold Comex Gold Dec12 MCX Gold Dec12 Spot Silver Comex Silver Dec12 MCX Silver Dec12 Crude Oil Nymex Nov 12 ICE -Brent Crude Oil MCX Crude Oil Nov 12 Copper LME - 3 Month MCX Copper Nov12 Zinc LME - 3 Month Zinc MCX - Oct12 Lead LME - 3 Month Lead MCX - Oct12 Unit Open High Low Last % Chg from Prev day

$/oz $/oz Rs/10g ms $/oz $/oz Rs/kg $/bbl $/bbl Rs/bbl $/tonne Rs/kg $/tonne Rs/kg $/tonne Rs/kg $/tonne Rs/kg $/tonne Rs/kg

1709.46 1714.40 31090 31.80 31.79 59560 85.73 109.14 4666 7739.00 421.80 1857.00 98.25 2046 111.50 16100 865.50 1920.75 102.25

1717.76 1714.40 31149 32.14 32.27 59716 86.59 109.76 4690 7837.00 425.40 1874.00 99.20 2072 112.50 16345 880.50 1930.50 102.90

1709.04 1714.40 31065 31.72 31.76 59455 85.61 108.82 4666 7739.00 421.80 1854.50 98.25 2046 111.50 16070 865.50 1916.00 102.10

1716.31 1714.40 31080 32.12 32.24 59615 86.44 109.54 4683 7813.00 423.75 1864.75 98.55 2062 112.00 16334 878.00 1919.75 102.15

0.43 0.23 -0.03 0.97 +1.50 0.37 0.89 0.42 0.47 1.01 0.62 0.34 0.56 0.77 0.72 1.47 1.60 0.05 0.20

Nickel LME - 3 Month Nickel MCX Oct12 Aluminum LME - 3 Month Aluminum MCX Oct12

Source: Reuters.

Commodities Evening Update


Wednesday | October 31, 2012

International Commodities
Outlook

In the evening session, we expect precious, base metals, and crude oil prices to trade on a positive note taking cues from firm global market sentiments along with weakness in the DX.

Technical Outook for evening session 31 October12 ( CMP as of 5.00 pm)


Commodity Gold Dec'12 Spot Gold Silver Dec12 Spot Silver Crude Oil Nov '12 Nymex Crude Oil Dec12 Natural Gas Nov12 Copper Nov'12 Zinc Nov12 Lead Nov12 Aluminum Nov12 Nickel Nov12 Unit Rs/10 gm $/oz Rs /kg $/oz Rs /bbl $/bbl Rs /mmBtu Rs /kg Rs /kg Rs /kg Rs /kg Rs /kg Support 2 30986 1703 59175 31.61 4631 85.1 194.2 419 98.9 109.4 102 867 Support 1 31062 1708 59400 31.72 4657 85.6 197.5 421.2 99.6 110.45 102.9 873 CMP 31110 1720.4 59764 32.22 4678 91.17 182.1 423.2 100.1 111.45 103.45 882.5 Resistance1 31173 1724 59960 32.32 4695 86.75 202.8 425.5 101 112.3 104.5 889 Resistance 2 31257 1729 60218 32.5 4745 87.5 206.1 427 101.5 113.2 104.9 895

Important Events for Today


Indicator Average Cash Earnings y/y German Retail Sales m/m French Consumer Spending m/m Eurogroup Meetings CPI Flash Estimate y/y Unemployment Rate Employment Cost Index q/q Chicago PMI MPC Member Bean Speaks Country Japan Euro Euro Euro Euro Euro US US UK Time (IST) 7:00am 12:30pm 1:15pm All Day 3:30pm 3:30pm 6:00pm 7:15pm 11:30pm Actual 0.0% 1.5% 0.1% 2.5% 11.6% Forecast -0.3% 0.6% 0.2% 2.5% 11.4% 0.5% 51.0 Previous 0.0% 0.3% 0.4% 2.6% 11.4% 0.5% 49.7 Impact Medium Medium Medium Medium Medium Medium Medium Medium Medium