COMMODITIES EVENING NOTE
Commodity Overview
October 1, 2012
Gold drifted lower on first day of the week after posting its biggest quarterly rise in more than two years, tracking a
weaker euro as Spain's struggle to control its finances worried investors.
Crude oil hang around $92 per barrel, reflecting investor concerns a shaky global economy may hurt oil demand
following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro
zone.
London copper eased today on persistent worries over global economic growth after two indicators showed China's
factory sector is still shrinking, while concerns over Spain's banks and prospects for a bailout curbed appetite for risk.
Economic Calendar:
Country
Time
Event
Period
Unit
Survey
Actual
Prior
LME Inventory:
Commodity
Change
US
US
-
-
-
Source :Reuters
19:30
19:30
-
-
-
Construction
spending mm
ISM Manufacturing
PMI
-
-
-
Aug
Sep
-
-
-
%
0.5
49.7
-0.9
49.6
-
-
-
-
-
-
Copper
Zinc
Lead
Nickel
Aluminum
4100
-1875
-2625
1494
-6075
-
-
-
-
-
-
Evening Outlook:
Commodities especially crude oil looks to trade with negative bias as the shrinking China’s factory sector and insecure global
economy will hurt the demand.
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commodityresearch@motilaloswal.com

COMMODITIES EVENING NOTE
MCX Zinc
Zinc Oct future contract on MCX initially may give some
upside on back of short covering, but bias for the metal
will remain negative as prices sustaining below 9 DSMA on
daily chart is negative indication. The RSI sustaining below
the middle line is suggesting further weakness. Immediate
support is at 108 and break below the same may test
107.25 levels. So, any upside in zinc towards 109 or above
can be used as good selling opportunity but our view will
negate if it trades above 110.25 as it is strong resistance.
Support:
108-107.25
Resistance:
110.25-111
Trend:
Sideways to Down
MCX Crude Oil
Crude oil Oct future contract on MCX is trading with
negative bias and is expected to continue the same later in
the evening. The counter sustaining below the 9 DSMA is a
negative indication and Oscillators are also giving
confirmation of further weakness. First support is at 4825
and sustaining below the same will take crude oil prices
towards 4800 or below. So sell on rise should be the
strategy, but all short positions should be exited if it trades
above 4900.
Support:
4825-4800
Resistance:
4900-4930
Trend:
Negative
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commodityresearch@motilaloswal.com
October 1, 2012

COMMODITIES EVENING NOTE
Evening Swing levels
October 1, 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
Nov
Nov
Dec
Dec
Nov
Oct
Nov
Oct
Nov
Nov
Dec
Sep
Sep
Sep
Sep
Close
31060
31293
1771.5
62421
34.545
62445
4853
91.98
179.20
3.38
438.35
3.75
108.50
118.35
976.80
109.80
Trend**
S3
S2
PRECIOUS METALS
30885
31122
1759.27
62174
34.07
62192
30967
31195
1762.03
62274
34.17
62290
4836
91.04
178.07
3.36
436.32
3.71
106.57
116.82
962.53
108.50
S1
31013
31244
1766.77
62347
34.36
62367
4844
91.51
178.63
3.37
437.33
3.73
107.53
117.58
969.67
109.15
Pivot
31095
31317
1769.53
62447
34.46
62465
4855
91.81
179.17
3.38
438.17
3.75
108.92
118.57
973.73
110.05
R1
31141
31366
1774.27
62520
34.65
62542
4863
92.28
179.73
3.39
439.18
3.77
109.88
119.33
980.87
110.70
R2
31223
31439
1777.03
62620
34.75
62640
4874
92.58
180.27
3.41
440.02
3.78
111.27
120.32
984.93
111.60
R3
31269
31488
1781.77
62693
34.94
62717
4882
93.05
180.83
3.42
441.03
3.80
112.23
121.08
992.07
112.25
ENERGIES
4825
90.74
177.53
3.35
435.48
3.70
105.18
115.83
958.47
107.60
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
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Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commodityresearch@motilaloswal.com