DAILY METALS & ENERGY REPORT
January 17, 2013
FINANCIAL MARKET OVERVIEW
Asset
Last
Chg
% Chg
GLOBAL UPDATE
•
The dollar was flat against a basket
of major currencies holding little
sway over commodities for a
second session in a row.
The
19-commodity
Thomson
Reuters-Jefferies CRB index settled
slightly higher after the run-up in
soybeans, cotton crude oil and
gasoline were offset by losses in live
cattle, cocoa, natural gas, nickel and
copper.
Data showing demand for new cars
in recession-bound Europe fell to a
17-year low in 2012 reminded
investors of the challenges facing
the global economy, after the
World Bank sharply cut its outlook
for world growth this year to 2.4
percent from 3 percent, citing a
slow recovery in developed nations.
Commodity
Gold / US Dollar FX Spot
Silver / US Dollar FX Spot
Crude oil $ Spot
COMEX Copper $
CRB Index
1678.89
31.42
94.28
360.65
309.3
0.39
0.07
1.02
-3.10
1.97
0.02%
0.22%
1.09%
-0.85%
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
19817.63
6001.85
23356.99
2309.499
10600.44
7691.13
3708.49
13511.23
2734.73
61787.35
-169.19
-54.75
-24.52
-16.18
-278.64
15.22
11.14
-23.66
11.75
59.74
-0.85%
-0.90%
-0.10%
-0.70%
-2.56%
0.20%
0.30%
-0.17%
0.43%
0.10%
•
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.
54.65
79.804
1.3289
88.38
1.6006
0.06
0.025
-0.0014
-0.4
-0.0058
Source: Reuters
0.11%
0.03%
-0.11%
-0.45%
-0.36%
Market Outlook/Focus
Investors will now turn to economic
reports from China on Friday, including
fourth-quarter GDP, December industrial
output, retail sales and house price,
which will offer clues on the health of
Asia's biggest economy.
Source: Reuters
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
PRECIOUS METALS
January 17, 2013
Commodity
Gold
Gold $
Silver
Silver $
Exchange
MCX
COMEX
MCX
COMEX
Expiry
Feb
Feb
Mar
Mar
Open
30897
$1,679.70
59584
$31.44
High
30934
$1,684.70
59787
$31.57
Low
30821
$1,673.00
59174
$31.09
Close
30892
$1,683.20
59718
$31.54
Net Chg
23
-0.7
259
1.3
% Chg
0.07%
-0.04%
0.44%
0.04%
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
$1,678.89
30850
$31.42
59300
% Chg
0.02%
0.65%
0.22%
0.51%
•
•
•
Commodity
London Gold Spot
London Silver Spot
Source: Reuters
Unit
$/Oz
$/Oz
AM Fix
$1,679.75
PM Fix
$1,676.25
$31.23
-
•
Gold-Silver ($) Spot Ratio
55.00
54.50
54.00
53.50
53.00
52.50
•
Gold prices were up 0.2 percent to $1,682
an ounce, overshadowed by rallies in the
platinum group metals.
U.S. COMEX gold futures for February
delivery settled down 70 cents at $1,683.20
an ounce, with trading volume largely in
line with its 250-day average.
Year to date, gold was up 0.3 percent,
sharply underperforming platinum, which
posted a 10 percent gain.
The gold market was little changed after
news Germany's central bank plans to bring
home hundreds of tonnes of gold currently
held by the U.S. Federal Reserve in New
York and the Bank of France in Paris.
The yellow metal should find underlying
support in coming months from dollar
weakness, which should send prices to a
record average high, consultancy Thomson
Reuters GFMS said.
Source: Reuters
Outlook
In the longer term, gold may derive support in
coming months from discussions over the
raising of the U.S. debt ceiling. Technically
COMEX Gold expected to trade in the range of
$1674-1688 /Oz.
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
ENERGY
January 17, 2013
Commodity
Crude oil
Crude oil $
Natural gas
Natural gas $
Exchange
MCX
NYMEX
MCX
NYMEX
Expiry
Jan
Feb
Jan
Feb
Open
5128
$93.40
188.8
$3.45
High
5162
$94.36
190
$3.46
Low
5102
$93.10
184.6
$3.36
Close
5150
$94.24
186.7
$3.44
Net Chg
19
0.96
-2.2
-0.02
% Chg
0.37%
1.03%
-1.18%
-0.58%
Data’s are as per previous day's close
Source: Reuters
•
Commodity
WTI Spot
Brent Spot
Source: Reuters
Unit
$/bbl
$/bbl
Last
$94.28
$111.73
% Chg
1.09%
-0.67%
•
Brent-WTI ($) Spread
o
i
t
a
R
21
20
19
18
17
16
15
•
•
Spot Gold-WTI Brent Crude ($) Spread
18.10
18.00
17.90
17.80
17.70
17.60
17.50
Oil prices rose on Wednesday after an
Algerian gas field came under attack from
Islamist militants and as data showed crude
stocks fell in the United States last week..
The possibility of supply disruptions in Africa
and the Middle East remain a supportive
factor for oil.
U.S. commercial crude inventories fell
951,000 barrels last week, the weekly report
from the Energy Information Administration
said on Wednesday, contrary to consensus
expectations that crude stocks had
increased.
OPEC said it expected demand for its crude
this year to be lower than initially thought
because of higher supply from rival
producers, indicating inventories could rise
even after the recent output cut by Saudi
Arabia.
o
i
t
a
R
Source: Reuters
Outlook
Geopolitical tensions might trigger an up move
in crude oil. Technically the counter is still
trading in a very narrow range of 5100-5150 on
MCX.
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
BASE METALS
January 17, 2013
Commodity
Copper
Copper $
Zinc
Lead
Nickel
Aluminum
Exchange
MCX
COMEX
MCX
MCX
MCX
MCX
Expiry
Feb
Mar
Jan
Jan
Jan
Jan
Open
441.9
$363.95
108.8
125.25
958.6
111.3
High
442.8
$364.55
109
125.6
964.4
111.4
Low
438.4
$359.95
107.4
123.6
951.1
110.3
Close
438.6
$360.65
108.05
124.1
953.2
110.8
Net Chg
-2.7
-3.1
-0.55
-1
-4.7
-0.35
% Chg
-0.61%
-0.85%
-0.51%
-0.80%
-0.50%
-0.32%
Data’s are as per previous day's close
Source: Reuters
•
LME Inventory
Commodity
Copper
Zinc
Lead
Nickel
Aluminium
Source: Reuters
UP
UP
DOWN
UP
DOWN
Change
16000
4825
1550
282
3275
•
•
MCX Lead Zinc Spread
16.6
16.4
16.2
16
15.8
15.6
•
Copper fell for a fourth straight session to
two-week lows on Wednesday, reversing from
earlier gains, as investors worried about lack
of physical demand ahead of China's Lunar
New Year holiday and its release of new
growth data.
Three-month copper closed at $7,946 per
tonne, turning lower after modest gains
during Asian trading took prices as high as
$8,021. It closed at $7,994 on Tuesday.
In the U.S. factory output climbed and low
inflation lifted consumers' purchasing power
Lead closed at $2,266 from $2,292, aluminum
at $2,045 a tonne from $2,052 and nickel at
$17,400 from $17,500.
o
i
t
a
R
Outlook
Major focus will be China's GDP data due on
Friday, which is expected to show that annual
economic growth quickened to 7.8 percent in the
fourth quarter, according to a Reuters poll.
Source: Reuters
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
SWING LEVELS
January 17, 2013
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
Feb
Feb
Feb
Mar
Mar
Feb
Jan
Feb
Jan
Feb
Feb
Mar
Jan
Jan
Jan
Jan
Close
30892
30874
1683.2
59718
31.54
59722
5150
94.24
186.70
3.44
438.60
3.61
108.05
124.10
953.20
110.80
Trend**
S3
S2
PRECIOUS METALS
30718
30769
30711
30765
1664.20 1668.60
58719
58947
30.75
30.92
58736
58959
ENERGIES
5054
5078
92.18
92.64
178.80
181.70
3.29
3.33
BASE METALS
432.67
435.53
3.54
3.57
105.70
106.55
121.27
122.43
934.77
942.93
109.17
109.73
S1
30831
30820
1675.90
59332
31.23
59340
5114
93.44
184.20
3.38
437.07
3.59
107.30
123.27
948.07
110.27
Pivot
30882
30874
1680.30
59560
31.40
59563
5138
93.90
187.10
3.42
439.93
3.62
108.15
124.43
956.23
110.83
R1
30944
30929
1687.60
59945
31.71
59944
5174
94.70
189.60
3.47
441.47
3.63
108.90
125.27
961.37
111.37
R2
30995
30983
1692.00
60173
31.88
60167
5198
95.16
192.50
3.51
444.33
3.66
109.75
126.43
969.53
111.93
R3
31057
31038
1699.30
60558
32.19
60548
5234
95.96
195.00
3.57
445.87
3.68
110.50
127.27
974.67
112.47
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