Today Commodity Market Updates 30-09-2013

Daily Newsletter-Commodity 30/09/2013

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MARKET WRAP

Gold futures rose to a one-week high

Silver futures for December delivery rose 0.3 percent

Crude tumbled for a third week

Aluminum, lead, tin and zinc gained.

Copper futures climbed the most in a week

Gold futures rose to a one-week high after Federal Reserve Bank of Chicago

President Charles Evans said more signs of strength in the economy are needed

to reduce asset purchases. Earlier, the price reached $1,345.20, the highest for a

most-active contract since Sept. 20. The metal, up for the second straight week,

has dropped 20 percent this year. Silver futures for December delivery rose 0.3

percent to $21.831 an ounce. West Texas Intermediate tumbled for a third week

on forecasts that the U.S. budget impasse may hurt growth in the world’s largest

oil-consuming country and as easing tension in Syria reduced supply concerns.

Copper futures climbed the most in a week as a report showed the economy

expanded at a faster pace in the second quarter in the U.S., the world’s second-

biggest consumer of the metal.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Mon Sep 30

11:30am EUR German Retail Sales m/m 0.9% -1.4%

2:30pm EUR CPI Flash Estimate y/y 1.3% 1.3%

7:15pm USD Chicago PMI 54.5 53.0


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TECHNICAL VIEW

GOLD(OCT) SILVER(DEC)

COPPER(NOV) CRUDE(OCT)

NATURALGAS(OCT) LEAD(OCT)

ZINC(OCT) NICKEL(OCT)

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 31450

• R1 - 30970 Resistance

• S1 - 30250

• S2 - 29780 support

• Consolidate

• Buy on dips

Trend



• S1 - 48150


• Consolidate

• Buy on dips

Trend



• S1 - 462


• Consolidate

• Sell on high

Trend



• S1 - 6465


• Consolidate

• Sell on high

Trend

Strategy •R2 - 241

•R1 - 233 Resistance

•S1 - 219

•S2 - 211 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 137.7

• R1 - 134.5 Resistance

• S1 - 130.5

•S2 - 127.8 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 124.5

•R1 - 121.8 Resistance

•S1 - 118.3


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 935

•R1 - 905 Resistance

•S1 - 875

•S2 - 843 support


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Phone- (0731)4295650

ALUMINIUM(OCT)

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 120.5

•R1 - 117.3 Resistance

•S1 - 113.1


Today Commodity Market Updates 30-09-2013

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