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    International Commodities Evening Update December 5

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    Angel Broking
    International markets ended the day on a positive note while key services sector data from major economies like India, Europe declined. Gold and other commodity prices saw modest gains with strength in the US dollar capping gains. The report outlines key economic data scheduled for release and provides a technical outlook for commodity prices in the evening session.

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    International Commodities Evening Update December 5

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    Angel Broking
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    International markets ended the day on a positive note while key services sector data from major economies like India, Europe declined. Gold and other commodity prices saw modest gains with strength in the US dollar capping gains. The report outlines key economic data scheduled for release and provides a technical outlook for commodity prices in the evening session.

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    International markets ended the day on a positive note while key services sector data from major economies like India, Europe declined. Gold and other commodity prices saw modest gains with strength in the US dollar capping gains. The report outlines key economic data scheduled for release and provides a technical outlook for commodity prices in the evening session.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views3 pages

    International Commodities Evening Update December 5

    Uploaded by

    Angel Broking
    International markets ended the day on a positive note while key services sector data from major economies like India, Europe declined. Gold and other commodity prices saw modest gains with strength in the US dollar capping gains. The report outlines key economic data scheduled for release and provides a technical outlook for commodity prices in the evening session.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    Commodities Evening Update

    Wednesday | December 5, 2012

    International Commodities

    Content
    Days overview Market Highlights Outlook Important Events for Today

    Overview:

    Research Team
    Nalini Rao - Sr. Research Analyst [email protected] (022) 2921 2000 Extn. 6135

    Anish Vyas - Research Analyst [email protected] (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 [email protected]

    Commodities Evening Update


    Wednesday | December 5, 2012 News and Analysis

    International Commodities
    Performance during the day
    Index Nifty Sensex Nikkei Kospi FTSE Open 5889.25 19397.98 9380.37 1933.45 16141.70 High 5917.60 19463.25 9515.86 1949.70 16214.47

    Indias HSBC Services PMI declined to 52.1-mark in November. European Retail Sales declined by 1.2 percent in October. UKs Services PMI declined to 50.2-mark in the last month. Indias HSBC Services Purchasing Managers' Index (PMI) declined by 1.7 points to 52.1-mark in November as against a previous rise of 53.8-level in October. Spanish Services Purchasing Managers' Index (PMI) increased by 1.2 points to 42.4-mark in November as against a rise of 41.2-level in October. Italian Services PMI declined by 1.4 points to 44.6-level in November from earlier rise of 46-mark a month ago. European Retail Sales declined by 1.2 percent in October with respect to previous fall of 0.2 percent a month earlier. UKs Services Purchasing Managers' Index (PMI) declined by 0.4 points to 50.2-mark in November as against a rise of 50.6-level in October. European stocks are trading on a firm note on expectations that the Chinese government indicated policy measures which could support recovery in the nation. Asian markets ended on a positive note while US index futures are trading on a firm note. Spot gold prices increased by 0.3 percent today on the back of improved buying at lower levels. However, strength in the US Dollar Index (DX) capped sharp gains in the prices. In the Indian markets appreciation in the Indian Rupee capped sharp gains in the prices of gold on the MCX. Taking cues from rise in gold prices along with upside in the base metals complex, Spot silver prices increased by 0.4 percent today. However, strength in the DX restricted sharp gains in the prices of white metal prices. The base metals pack traded on a positive note taking cues from upbeat global market sentiments along with decline in LME inventories. Copper, the leader of the base metals group gained by 0.05 percent due to decline in LME copper inventories by around 0.2 percent which stood at 249,375 tonnes. Nymex crude oil prices increased 0.05 percent on account of expectations of decline in US crude oil inventories coupled with upbeat market sentiments. Additionally, unrest in the Middle East region created supply concerns which also supported to push an upside in the crude oil prices. Strength in the DX however capped sharp gains in the crude oil prices. The US Energy Department (EIA) is scheduled to release its weekly inventories report today at 8:00pm IST and US crude oil inventories is expected to decline by 0.3 million barrels for the week ending on 30th November 2012. Gasoline stocks are expected to gain by 1.8 million barrels whereas distillate inventories are also expected to increase by 0.8 million barrels for the same period.

    as at 4.30 pm 5 December12
    Low 5889.25 19371.45 9376.97 1930.15 16058.78 Last 5900.50 19391.86 9468.84 1947.04 16058.78 % Chg from Prev day 0.19 0.23 0.39 0.61 0.31
    Source: Reuters

    as at 4.30 pm 5 December12
    Currency Dollar Index Euro/$ Spot INR/$ Spot Open 79.62 1.3093 54.675 High 79.76 1.3126 54.675 Low 79.565 1.308 54.44 Current 79.745 1.3086 54.58 % Chg from Prev day 0.14 -0.05 -0.27
    Source: Reuters

    as at 4.30 pm 5 December12
    Commodity Spot Gold Comex Gold Feb13 MCX Gold Dec12 Spot Silver Comex Silver Mar13 MCX Silver Dec12 Crude Oil Nymex Jan 12 ICE -Brent Crude Oil MCX Crude Oil Dec 12 Copper LME - 3 Month MCX Copper Feb13 Zinc LME - 3 Month Zinc MCX - Dec12 Lead LME - 3 Month Lead MCX - Dec12 Nickel LME - 3 Month Nickel MCX Dec12 Aluminum LME - 3 Month Aluminum MCX Dec12 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

    1697.22 1697.10 31078 32.92 28.23 60825 88.50 109.87 4862 8032.75 445.95 2020.00 110.45 2233 121.95 17440 955.00 2092.00 113.65

    1706.60 1705.90 31078 33.23 33.165 61084 89.05 110.57 4870 8074.75 447.25 2041.00 110.95 2246 122.35 17595 961.40 2104.75 114.15

    1694.54 1695.10 30977 32.82 32.93 60790 88.35 109.67 4845 8005.00 444.20 2018.00 110.10 2225 121.55 17391 953.80 2085.00 113.50

    1701.91 1702.30 31015 33.04 33.165 60835 88.54 109.82 4846 8038.75 444.80 2031.50 110.20 2237 121.65 17550 959.60 2098.00 113.90

    0.30 0.47 0.18 0.40 1.32 0.27 0.05 -0.02 -0.21 0.05 -0.20 0.51 -0.23 -0.20 -0.25 0.29 0.17 0.38 -0.04

    Source: Reuters.

    Commodities Evening Update


    Wednesday | December 5, 2012

    International Commodities
    Outlook In todays session, we expect precious, base metals and crude oil prices to trade with a positive note due to upbeat global market sentiments. However, strength in the DX might cap sharp gains in the prices. In the domestic markets, appreciation in the Indian rupee is expected to cap sharp gains in the MCX prices.

    Technical Outook for evening session 5 December12 ( CMP as of 5.00 pm)


    Commodity Gold Feb'13 Spot Gold Silver Mar13 Spot Silver Crude Oil Dec '12 Nymex Crude Oil Jan12 Natural Gas Dec12 Copper Feb 13 Zinc Dec12 Lead Dec12 Aluminum Dec12 Nickel Dec12 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 31167 1684 62080 32.47 4751 86.85 190.5 441.5 109.45 120.8 112.7 946 Support 1 31297 1694 62482 32.78 4792 87.6 192.7 443.6 109.95 121.35 113.45 952 CMP 31412 1702.15 62806 33.05 4845 88.55 194.9 445 110.2 121.7 113.85 958 Resistance1 31480 1707 63080 33.25 4880 89.2 196.2 447.3 111 122.6 114.35 963 Resistance 2 31558 1713 63380 33.48 4923 90 198 449.65 111.6 123.4 114.8 968

    Important Events for Today

    Indicator Spanish Services PMI Italian Services PMI Services PMI Spanish 10-y Bond Auction Retail Sales m/m Autumn Forecast Statement ADP Non-Farm Employment Change Revised Nonfarm Productivity q/q ISM Non-Manufacturing PMI Factory Orders m/m Crude Oil Inventories

    Country Euro Euro UK Euro Euro UK US US US US US

    Time (IST) 1:45pm 2:15pm 3:00pm 3:15pm 3:30pm 6:00pm 6:45pm 7:00pm 8:30pm 8:30pm 9:00pm

    Actual 42.4 44.6 50.2 5.29/2.3 -1.2% -

    Forecast 46.0 51.1 -0.1% 129K 2.7% 53.6 0.1% -0.3M

    Previous 41.2 46.0 50.6 5.52/1.8 -0.2% 158K 1.9% 54.2 4.8% -0.3M

    Impact Medium Medium High High Medium Medium High Medium High Medium Medium

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