Daily Commodity Report 11 MARCH 2013: WWW - Epicresearch.Co
Daily Commodity Report 11 MARCH 2013: WWW - Epicresearch.Co
Daily Commodity Report 11 MARCH 2013: WWW - Epicresearch.Co
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HEADLINES
Gold price, silver slip in dull trade Gold traded flat, ending the week with a slight gain, after data showed improvement in the U.S. economy but not enough for the Federal Reserve to halt its stimulus, analysts said. Palladium rose more than 3 percent to a 19-month high as supply worries and booming auto demand sparked fund buying. Increased physical deliveries in U.S. palladium futures also suggested rising demand from end-users. Gold fell 1 percent earlier in the session after data showed U.S. employers added an encouraging 236,000 workers to their payrolls in February and the jobless rate dropped to a four-year low. Base metals prices fail to climb despite strong US jobs report.
TRADING TIP:
Buy Crude Oil Mar Above 5011 TGTS-5040/5100 SL-4970 Sell Zinc Mar Below 106.90 TGTS 106.20/105 SL- 107.60
Copper and general commentary: Metals rebounded on Thursday, lifted mainly by a strong euro after ECB Chief Mario Draghi went through his press conference giving the impression that the central bank was in no hurry to cut interest rates, despite lowering its 2013 growth forecast. Draghi said he expects economic activity to gradually recover and hinted that he did not see much benefit in slashing rates further from their already-low level of 0.75%.
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
4560 5120
4532 5018 1178 14800 1041 0.30 42435 -0.10 781.3 4315 0.01 4540 0.01 1282 -0.01
-0.61 -1.99 -0.46 -1.68 -0.76 4991.00 0.11 909.30 -0.2 0.28 54855.00 -2.66 29345.00 2.89 119.90
Symbol
Expiry Date
PCP
% Change
LTP
KAPAS
Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012
19-Mar-13 42300 42555 28-Mar-13 780.5 783.6 4309 5-Mar-13 4330 4600 4676 5-Apr-13 1251 28-Mar-13 1282
4976.00 42250 42390 909.80 777.4 782.85 4265.5 54854.00 4303 4518 4664 29335.00 1251 120.05 1246
Zinc
28-Mar-13
106.95
0.10
107.05
Copper
28-Mar-13
425.20
0.01
425.25
Aluminium
28-Mar-13
105.65
0.01
105.70
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ANALYSIS
OPEN: 29335 HIGH: 29355 LOW: 29331 CLOSE: 29345
ANALYSIS
OPEN: 54801 HIGH: 54872 LOW: 54780 CLOSE: 54855
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