DAILY METALS & ENERGY REPORT
September 6, 2012
FINANCIAL MARKET OVERVIEW
Asset
Last
Chg
% Chg
GLOBAL UPDATE
•
Copper futures rose to a seven-
week high on Wednesday, while
gold, which set a six-month high
this week, inched down ahead of
the European Central Bank's (ECB)
meeting on Thursday when it is
expected to announce a program to
ease the region's debt crisis.
Markets have been expecting ECB
President Mario Draghi to unveil, at
a policy meeting on Thursday, a
bold plan of bond buying, which
caused the euro to rally.
The
19-commodity
Thomson
Reuters-Jefferies CRB index inched
down 0.17 percent to settle at
308.28, extending the previous
session's losses that occurred after
it hit a five-month high that day of
310.59.
Commodity
Gold / US Dollar FX Spot
Silver / US Dollar FX Spot
Crude oil $ Spot
COMEX Copper $
CRB Index
1693.04
32.25
95.37
352.9
308.28
-1.36
-0.07
0.03
6.00
-0.53
-0.08%
-0.22%
0.03%
1.73%
-0.17%
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
17313.34
5225.7
19145.07
2037.681
8679.82
6964.69
3405.79
13047.48
2766.95
56863.91
-127.53
-48.30
-284.84
-5.97
-95.69
32.11
6.75
11.54
-5.08
630.01
-0.73%
-0.92%
-1.47%
-0.29%
-1.09%
0.46%
0.20%
0.09%
-0.18%
1.12%
•
•
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.
55.905
81.235
1.2599
78.37
1.5899
0.295
-0.077
0.0035
-0.01
0.0031
Source: Reuters
0.53%
-0.09%
0.28%
-0.01%
0.20%
Market Focus
Major market focus for the day would be
the ECB meeting as the investors are
expecting ECB president to unveil a solid
bond buying program.
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
PRECIOUS METALS
September 6, 2012
Commodity
Gold
Gold $
Silver
Silver $
Exchange
MCX
COMEX
MCX
COMEX
Expiry
Oct
Oct
Dec
Dec
Open
31435
$1,694.90
61916
$32.38
High
31543
$1,695.50
62188
$32.43
Low
31427
$1,687.20
61625
$32.00
Close
31468
$1,691.60
61882
$32.33
Net Chg
19
-2
-139
-8.2
% Chg
0.06%
-0.12%
-0.22%
-0.25%
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
$1,693.04
31665
$32.25
61380
% Chg
-0.08%
2.54%
-0.22%
0.71%
•
•
Commodity
London Gold Spot
London Silver Spot
Source: Reuters
Unit
$/Oz
$/Oz
AM Fix
$1,689.50
PM Fix
$1,690.00
$32.10
-
•
Gold-Silver ($) Spot Ratio
55.00
54.50
54.00
53.50
53.00
52.50
52.00
51.50
51.00
Gold prices dipped from near a six-month
high on Wednesday, and trading volume
was light as investors sat on the sidelines
on the eve of the European Central Bank
meeting.
Gold prices stayed within a $9 range a day
after testing the $1,700 an ounce level.
With just over 100,000 lots changing hands,
volume was less than half the 30- and 250-
day averages and close to a third of
Tuesday's heavy trade.
On Tuesday, spot gold rose to $1,698.45,
its highest in nearly six months. Federal
Reserve
Chairman
Ben
Bernanke's
comment last week on the grave conditions
of the U.S. labor market encouraged
investors to buy gold on the view that the
door was open for more stimulus
measures.
Outlook
Investors are waiting for the conclusion of the
ECB Governing Council meeting today.Also in
focus would be The Fed's next policy meeting
scheduled for next week, and a U.S. jobs report
on Friday .
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
ENERGY
September 6, 2012
Commodity
Crude oil
Crude oil $
Natural gas
Natural gas $
Exchange
MCX
NYMEX
MCX
NYMEX
Expiry
Sep
Oct
Sep
Oct
Open
5312
$95.61
160.5
$2.85
High
5345
$96.03
161.1
$2.87
Low
5280
$94.26
156.6
$2.78
Close
5327
$95.36
157
$2.80
Net Chg
14
0.06
-3.7
-0.059
% Chg
0.26%
0.06%
-2.38%
-2.07%
Data’s are as per previous day's close
Source: Reuters
Commodity
WTI Spot
Brent Spot
Source: Reuters
Unit
$/bbl
$/bbl
Last
$95.37
$113.47
% Chg
0.03%
-1.66%
•
Brent-WTI ($) Spread
20.5
20
19.5
19
18.5
18
17.5
17
•
o
i
t
a
R
•
Spot Gold-WTI Brent Crude ($) Spread
17.80
17.70
17.60
17.50
17.40
17.30
17.20
Brent crude prices fell on Wednesday, while
U.S. crude inched up in seesaw trade ahead
of a European Central Bank meeting and a
U.S. August payrolls report as investors
await central bank action in the face of
slowing economic growth.
Crude futures pared losses on reports that
the ECB is ready to drop preferred creditor
status on government bonds it buys.
With Isaac shutting in production and
limiting imports, U.S. crude stocks fell 7.2
million barrels last week, the industry group
American Petroleum Institute said on
Wednesday, more than the drop of 5.3
million barrels expected in a Reuter’s survey.
Outlook
Uncertainty about the ECB, after Bernanke's
speech
didn't
provide
any
stimulus
announcement, and the U.S. jobs report on
Friday, might keep a caution in the market.
o
i
t
a
R
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
BASE METALS
September 6, 2012
Commodity
Copper
Copper $
Zinc
Lead
Nickel
Aluminum
Exchange
MCX
COMEX
MCX
MCX
MCX
MCX
Expiry
Nov
Dec
Sep
Sep
Sep
Sep
Open
430
$347.50
104.1
110.75
898
107.45
High
443
$353.40
105.4
113
904
109.6
Low
429
$344.65
104
110.8
892
107.4
Close
437.3
$352.90
105
112.8
901.7
109.25
Net Chg
7.75
6
1
2.15
4.8
1.7
% Chg
1.80%
1.73%
0.97%
1.95%
0.53%
1.60%
Data’s are as per previous day's close
Source: Reuters
•
LME Inventory
Commodity
Copper
Zinc
Lead
Nickel
Aluminium
Source: Reuters
DOWN
DOWN
DOWN
UP
DOWN
Change
3750
1500
1250
384
3850
•
MCX Lead Zinc Spread
10
8
6
4
2
0
•
o
i
t
a
R
Copper jumped on Wednesday to its priciest
in more than a month, on reports that the
European Central Bank will unveil a new
government bond-buying program to control
the euro zone debt crisis.
As the euro rallied versus the dollar, copper
surged and closed above its 100-day moving
average for the first time since May after
reports suggested the ECB may buy unlimited
amounts of short-term government debt to
ease the region's financial crisis.
Investors also hoped China, which accounts
for about 40 percent of global copper
demand, would attack slowing growth with
aggressive stimulus measures.
Outlook
The markets are pumped up on the belief that the
ECB will announce a restart of its bond buying
program to address the spike in borrowing cost in
some of the weaker euro zone countries.
Commodity Research, Motilal Oswal Commodities Broker Pvt. Ltd.
Email:
commoditiesresearch@motilaloswal.com

DAILY METALS & ENERGY REPORT
SWING LEVELS
September 6, 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
Oct
Oct
Oct
Dec
Dec
Nov
Sep
Oct
Sep
Oct
Nov
Dec
Sep
Sep
Sep
Sep
Close
31468
31481
1691.6
61882
32.33
61898
5327
95.36
157.00
2.80
437.30
3.53
105.00
112.80
901.70
109.25
Trend**
S3
S2
PRECIOUS METALS
31300
31363
31314
31375
1679.07 1683.13
61046
61335
31.65
31.82
61051
61341
ENERGIES
5225
5252
92.63
93.45
150.87
153.73
2.67
2.73
BASE METALS
415.87
422.43
3.38
3.42
102.80
103.40
109.20
110.00
882.47
887.23
105.70
106.55
S1
31416
31428
1687.37
61609
32.08
61619
5290
94.40
155.37
2.76
429.87
3.47
104.20
111.40
894.47
107.90
Pivot
31479
31489
1691.43
61898
32.25
61909
5317
95.22
158.23
2.81
436.43
3.50
104.80
112.20
899.23
108.75
R1
31532
31542
1695.67
62172
32.51
62187
5355
96.17
159.87
2.85
443.87
3.56
105.60
113.60
906.47
110.10
R2
31595
31603
1699.73
62461
32.68
62477
5382
96.99
162.73
2.90
450.43
3.59
106.20
114.40
911.23
110.95
R3
31648
31656
1703.97
62735
32.94
62755
5420
97.94
164.37
2.94
457.87
3.65
107.00
115.80
918.47
112.30
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