COMMODITIES EVENING NOTE
Commodity Overview
August 29, 2012
Gold prices eased a touch today as investors took to the sidelines ahead of a key central bankers' meeting at the
weekend, which will be closely watched for signs that the U.S. Federal Reserve is considering fresh monetary stimulus
measures.
Oil prices were also pressured by an unexpected rise in U.S. crude oil inventories as indicated by a report from the
American Petroleum Institute (API). U.S. crude oil stocks rose 5.5 million barrels last week, against expectations for a
1.5 million-barrel drop.
Copper edged lower for a third session as concern about the outlook for global demand persisted despite the
possibility that the U.S. central bank may announce measures to stimulate economic growth at a meeting this week.
Economic Calendar:
Country
Time
Event
Period
Unit
Survey
Actual
Prior
LME Inventory:
Commodity
Change
US
US
US
US
US
Source :Reuters
18:00
19:30
20:00
20:00
20:00
GDP Preliminary
Pending sales
change mm
EIA weekly crude
stocks
EIA weekly dist.
stocks
EIA weekly gasoline
stk
Q2
Jul
w/e
w/e
w/e
%
%
mln
mln
mln
1.7
1.0
-1.480
-0.135
-1.420
1.5
-1.4
-
5.412
0.992
-
0.962
Copper
Zinc
Lead
Nickel
Aluminum
-175
-6200
-1625
2928
-3725
Evening Outlook:
Commodities look to trade in a consolidative range later in the evening as the US GDP and pending home sales data will be
watchful for clear direction.
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commodityresearch@motilaloswal.com

COMMODITIES EVENING NOTE
MCX Nickel
Nickel Aug future contract on MCX is trading in a sideways
range, but looks to trade with positive bias later in the
evening. The crossover of 9 DSMA and 50 DEMA on daily
chart is indicating further positive move for the metal.
Immediate resistance for nickel is at 908 and sustained
breach above may test 916. Strong support is at 886 and
till it holds above buy in dips should be the strategy.
Support:
886-880
Resistance:
908-916
Trend:
Positive
August 29, 2012
MCX Aluminum
Aluminum Aug future contract on MCX initially may test
104.10 and a sharp recovery can be seen from that level
later in the evening. Strong support for the counter is at
103.50 and till it hold above bias looks to remain positive.
The metal holding above the 50 DEMA on daily chart is
signifying further strength for the counter. First resistance
is at 105 and breach above may test 105.35.
Support:
103.50-103.10
Resistance:
105-105.35
Trend:
Sideways to Up
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commodityresearch@motilaloswal.com

COMMODITIES EVENING NOTE
Evening Swing levels
August 29, 2012
Commodity
Gold
Gold M
Gold $
Silver
Silver $
Silver M
Crude oil
Crude oil $
Natural gas
Natural gas $
Copper
Copper $
Zinc
Lead
Nickel
Aluminum
Exchange Expiry
MCX
MCX
COMEX
MCX
COMEX
MCX
MCX
NYMEX
MCX
NYMEX
MCX
COMEX
MCX
MCX
MCX
MCX
Oct
Sep
Oct
Sep
Sep
Aug
Sep
Oct
Aug
Sep
Aug
Sep
Aug
Aug
Aug
Aug
Close
30926
30841
1664.6
57541
30.755
57545
5334
95.54
147.20
2.59
421.90
3.43
102.55
109.10
904.20
104.65
Trend**
S3
S2
PRECIOUS METALS
30804
30709
1656.37
57003
30.48
57007
30860
30770
1660.13
57238
30.61
57237
5310
95.05
146.47
2.58
419.40
3.40
101.95
108.47
894.53
103.75
S1
30893
30805
1662.37
57389
30.68
57391
5322
95.30
146.83
2.59
420.65
3.42
102.25
108.78
899.37
104.20
Pivot
30949
30866
1666.13
57624
30.81
57621
5338
95.68
147.47
2.60
422.50
3.44
102.55
109.22
902.03
104.65
R1
30982
30901
1668.37
57775
30.88
57775
5350
95.93
147.83
2.60
423.75
3.45
102.85
109.53
906.87
105.10
R2
31038
30962
1672.13
58010
31.01
58005
5366
96.31
148.47
2.61
425.60
3.47
103.15
109.97
909.53
105.55
R3
31071
30997
1674.37
58161
31.08
58159
5378
96.56
148.83
2.62
426.85
3.48
103.45
110.28
914.37
106.00
ENERGIES
5294
94.67
145.83
2.57
417.55
3.39
101.65
108.03
891.87
103.30
BASE METALS
Data’s are as per 4pm close
Data sources can & do produce bad ticks. Verify before use.
* * Trend is just a market indicator as per the previous close and is not an indication to “buy” or” sell”.
Disclaimer
Source: Reuters
This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Motilal Oswal Commodities
Broker Private Limited (hereinafter referred as MOCBPL) is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you solely for
your information and should not be reproduced or redistributed to any other person in any form.
The report is based upon information from publicly available data or other sources believed to be reliable, but we do not represent that it is accurate or complete, and it should not
be relied upon such. MOCBPL or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error
in the information contained in this report.
MOCBPL or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matter pertaining to this report, including
without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. The recipients of this report should rely on their own
investigations. MOCBPL and/or its Group Companies, their Directors, affiliates and/or employees may have interests/ positions, financial or otherwise in the
Securities/Commodities and other investment products mentioned in this report.
This information is subject to change without any prior notice. MOCBPL reserves the right to make modifications and alternations to this statement as may be required from time to
time.
Motilal Oswal Securities Ltd., Palm Spring Centre, 2nd floor, Palm Court Complex, New Link Road, Malad (W), Mumbai - 64.
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commodityresearch@motilaloswal.com