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WEEKLY COMMODITY REPORT 1ST OCTOBER 2012

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HEADLINES
Gold posts biggest quarterly gain in over two years Gold eased, but the metal posted its biggest quarterly gain in more than two years as market stimulus and easy monetary policies by central banks around the world boosted bullion's inflation-hedge appeal. The metal is within reach of its 2012 high, while open interest for US gold futures surged to a one-year high on heavy buying related to fund positioning before the quarter end. Gold priced in euro terms hit a record for a second straight day, highlighting the currency's weakness and bullion's safe-haven status among Europeans in times of economic uncertainty. Silver to remain bullish in near term

TRADING TIP:

Sell Nickel Oct


CMP 978 TGTS-968/953 SL-998.70

Sell Gold DEC Between 31650-31700 TGTS-31400/31020 SL- 31890


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Silver can continue to benefit from golds positive momentum on investment interest, but needs improvement in industrial activity. Silver has been the strongest precious metal so far this year, rising 22%, she notes. Chinese imports have picked up in the last couple of months, but supply/ demand fundamentals excluding investment have not tightened considerably, leaving silvers fate in the hands of investors.

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MCX WEEKLY GOLD CHART

ANALYSIS
OPEN: 31752 HIGH: 31837 LOW: 31431 CLOSE: 31535

GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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MCX WEEKLY SILVER CHART

ANALYSIS
OPEN: 63121 HIGH: 63325 LOW: 61830 CLOSE: 62780

SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

MCX WEEKLY COPPER CHART

ANALYSIS
OPEN: 445.00 HIGH: 446.25 LOW: 436.80 CLOSE: 441.05

COPPER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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MCX WEEKLY CRUDE OIL CHART

ANALYSIS
OPEN: 4990 HIGH: 5009 LOW: 4831 CLOSE: 4915

CRUDE OIL LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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COMEX WEEKLY SILVER CHART

ANALYSIS
OPEN: 34.49 HIGH: 34.84 LOW: 33.31 CLOSE: 34.45

COMEX SILVER LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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9752199966 COMEX WEEKLY GOLD CHART

COMEX WEEKLY GOLD CHART

ANALYSIS
OPEN: 1771.64 HIGH: 1782.99 LOW: 1737.20 CLOSE: 1772.06

COMEX GOLD LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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