DAILY METALS & ENERGY REPORT
FINANCIAL MARKET OVERVIEW
Asset
Last
Chg
% Chg
November 30, 2012
GLOBAL UPDATE
•
Commodities
rebounded
in
previous session, with oil and
metals markets staging their biggest
rallies in more than a week, as
investors became more hopeful the
so-called U.S. "fiscal cliff" can be
fixed before the year-end.
Copper futures in London jumped
as much as 2 percent, hitting a one-
month high, on belief that the fiscal
talks in Congress may ultimately
produce a deal. A weaker U.S.
currency also boosted demand from
holders of the euro for copper and
other
dollar-denominated
commodities.
The Thomson Reuters-Jefferies CRB
index, a global benchmark for
commodities, settled up 0.9
percent, with 14 of the 19 markets
it tracks in positive territory.
Commodity
Gold / US Dollar FX Spot
Silver / US Dollar FX Spot
Crude oil $ Spot
COMEX Copper $
CRB Index
1724.79
34.21
87.64
358.85
309.3
5.48
0.48
1.54
6.40
1.97
0.32%
1.42%
1.79%
1.82%
0.64%
Equity
BSE Sensex Index
S&P CNX NIFTY
Hang Seng Index
Shanghai SE Composite Index
Nikkei 225 Index
DAX Index
CAC 40 Index
Dow Jones Industrial Average Index
NASDAQ 100 Index
Sao Paulo SE Bovespa Index
19170.91
5825
21922.89
1963.488
9400.88
7400.96
3568.88
12985.11
2680.03
57852.53
328.83
97.55
213.91
-10.04
92.53
57.55
53.69
106.98
14.76
1313.13
1.75%
1.70%
0.99%
-0.51%
0.99%
0.78%
1.53%
0.83%
0.55%
2.32%
•
•
Forex
US Dollar / Indian Rupee FX Spot Rate
ICE Dollar Index
Euro / US Dollar FX Spot
US Dollar / Japanese Yen FX Spot Rate
UK Pound Sterling / US Dollar FX Spot Rate
Data’s are as per previous day's close
Data sources can & do produce bad ticks. Verify before use.
54.71
80.204
1.2977
82.12
1.6039
-0.985
-0.132
0.0026
0.07
0.0027
Source: Reuters
-1.77%
-0.16%
0.20%
0.09%
0.17%
Market Focus
Commodities for the day looks to trade
with positive bias as investors are now
more hopeful that US fiscal cliff will be
fixed before the year end.
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
PRECIOUS METALS
November 30, 2012
Commodity
Gold
Gold $
Silver
Silver $
Exchange
MCX
COMEX
MCX
COMEX
Expiry
Dec
Dec
Dec
Dec
Open
31878
$1,719.60
63010
$33.75
High
31878
$1,729.00
63199
$34.40
Low
31510
$1,717.70
62264
$33.54
Close
31579
$1,727.20
63052
$34.35
Net Chg
-324
10.7
-58
66.4
% Chg
-1.01%
0.62%
-0.09%
1.97%
Data’s are as per previous day's close
Source: Reuters
Commodity
Gold Spot
Gold Spot-Mumbai
Silver Spot
Silver Spot Mumbai
Source: Reuters
Unit
$/Oz
Rs/10gms
$/Oz
Rs/Kg
Last
$1,724.79
31780
$34.21
63230
% Chg
0.32%
-1.59%
1.42%
-1.31%
•
•
Commodity
London Gold Spot
London Silver Spot
Source: Reuters
Unit
$/Oz
$/Oz
AM Fix
$1,724.50
PM Fix
$1,725.00
$33.76
-
•
Gold-Silver ($) Spot Ratio
51.50
51.00
50.50
50.00
49.50
•
Gold rose, recovering in part from the
previous session's slide, as better
performance in equity markets and
underlying uncertainties surrounding the
U.S. fiscal crisis increased bullion's
investment appeal.
Gold is getting support because of the
safety element due to the US fiscal cliff.
With gold's sharp sell-off on Wednesday, it
reached an attractive level for people to
move a small amount of capital into gold.
The holdings of the SPDR Gold Trust GLD,
the world's biggest gold-backed exchange-
traded fund, hit a record high for a second
consecutive day, underlying buoyant
investment interest.
Quarterly results from a major U.S.
jewellery retailer suggest demand for silver
jewellery could come under pressure due
to a slow global economic recovery.
Outlook
Precious metals especially gold looks to trade
with positive bias for the day on back of safe
haven bet.
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
ENERGY
November 30, 2012
Commodity
Crude oil
Crude oil $
Natural gas
Natural gas $
Exchange
MCX
NYMEX
MCX
NYMEX
Expiry
Dec
Dec
Nov
Dec
Open
4824
$86.57
210.8
$3.81
High
4874
$88.69
211.6
$3.82
Low
4797
$86.55
200.7
$3.64
Close
4839
$88.07
202.1
$3.65
Net Chg
20
1.58
-8.2
-0.048
% Chg
0.41%
1.83%
-3.92%
-1.30%
Data’s are as per previous day's close
Source: Reuters
•
Commodity
WTI Spot
Brent Spot
Source: Reuters
Unit
$/bbl
$/bbl
Last
$87.64
$111.43
% Chg
1.79%
2.02%
Brent-WTI ($) Spread
25
24.5
24
23.5
23
22.5
22
•
o
i
t
a
R
•
Spot Gold-WTI Brent Crude ($) Spread
20.20
20.00
o
i
t
19.80
a
R
19.60
19.40
•
U.S. crude dropped below $88 per barrel in
the early session today on slow process of
key budget talks to avert a looming fiscal
disaster in the United States, denting the
outlook for oil demand from the world's top
consumer.
The Counter on other hand supportive on
fears of escalating violence in Egypt and
Syria and mounting tension elsewhere in the
Middle East that reinforced concerns about
the potential for supply disruptions.
High oil stockpiles, slowing demand growth
and a fragile world economy would usually
give OPEC reason to consider supply cuts
when it meets next month, especially when
some think they may be pumping more than
enough to meet demand.
Oil inventories in industrialized countries
have risen to 59.6 days of future demand in
September, according to the International
Energy Agency, significantly above the
five-year average for the first time in 2012.
Outlook
Crude oil prices will be supportive on escalating
worries of Middle East but rising inventories and
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
slowing economic growth may cap gains.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
BASE METALS
November 30, 2012
Commodity
Copper
Copper $
Zinc
Lead
Nickel
Aluminum
Exchange
MCX
COMEX
MCX
MCX
MCX
MCX
Expiry
Nov
Dec
Nov
Nov
Nov
Oct
Open
432.6
$352.85
109.15
121.6
939.1
110.9
High
435.2
$360.60
110.7
123
947
113
Low
429.1
$352.40
108.7
121.1
930
110.5
Close
433.35
$358.85
110.2
121.95
931.4
112.9
Net Chg
0.9
6.4
0.7
0
-10.7
1.7
% Chg
0.21%
1.82%
0.64%
0.00%
-1.15%
1.53%
Data’s are as per previous day's close
Source: Reuters
•
LME Inventory
Commodity
Copper
Zinc
Lead
Nickel
Aluminium
Source: Reuters
DOWN
DOWN
UP
DOWN
UP
Change
850
2350
875
30
11275
•
MCX Lead Zinc Spread
15
o
i
10
t
a
R
5
0
•
•
London copper slipped today but was set to
finish the month higher on signs a recovery in
China's economic growth took root in
November, although worries over Europe and
the United States kept gains constrained.
Copper, the three-month futures contract on
the London Metal Exchange was up 1.8
percent at $7,905 a ton after scaling a $7,943,
its highest since Oct. 23. Aluminum and zinc
futures each touched seven-week highs in
London trading.
The Japan’s Ministry of Finance in the
preceding session reported that its October
zinc export was up 9.6 pct yr/yr.
Chile produced 476,202 tons of copper in
October; a 1.4 percent rise from a year earlier
on improved mineral ore grades and
increased production at some of the nation's
new mines, according to the government
report on Thursday.
Outlook
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
If the U.S. politicians avoid the fiscal cliff and
positive macro-economic data would be
Email:
commoditiesresearch@motilaloswal.com
supportive for base metals complex.

DAILY METALS & ENERGY REPORT
SWING LEVELS
November 30, 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
MCX
MCX
COMEX
MCX
COMEX
MCX
MCX
NYMEX
MCX
NYMEX
MCX
COMEX
MCX
MCX
MCX
MCX
Expiry
Dec
Dec
Dec
Dec
Dec
Nov
Dec
Dec
Nov
Dec
Nov
Dec
Nov
Nov
Nov
Nov
Close
31579
31598
1727.2
63052
34.35
63041
4839
88.07
202.10
3.65
433.35
3.59
110.20
121.95
931.40
112.90
Trend**
S3
S2
PRECIOUS METALS
31065
31288
31140
31336
1708.97 1713.33
61543
61903
32.93
33.23
61529
61894
ENERGIES
4722
4760
84.71
85.63
187.10
193.90
3.41
3.52
BASE METALS
423.80
426.45
3.46
3.49
107.03
107.87
119.13
120.12
908.27
919.13
108.77
109.63
S1
31433
31467
1720.27
62478
33.79
62468
4799
86.85
198.00
3.59
429.90
3.54
109.03
121.03
925.27
111.27
Pivot
31656
31663
1724.63
62838
34.09
62833
4837
87.77
204.80
3.70
432.55
3.57
109.87
122.02
936.13
112.13
R1
31801
31794
1731.57
63413
34.65
63407
4876
88.99
208.90
3.76
436.00
3.62
111.03
122.93
942.27
113.77
R2
32024
31990
1735.93
63773
34.95
63772
4914
89.91
215.70
3.88
438.65
3.65
111.87
123.92
953.13
114.63
R3
32169
32121
1742.87
64348
35.51
64346
4953
91.13
219.80
3.94
442.10
3.70
113.03
124.83
959.27
116.27
Data’s are as per previous session's 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”.
Source: Reuters
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Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com