Daily Newsletter-Commodity 30/09/2013 www.capitalheight.com
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MARKET WRAP
Gold futures rose to a one-week high
Silver futures for December delivery rose 0.3 percent
Crude tumbled for a third week
Aluminum, lead, tin and zinc gained.
Copper futures climbed the most in a week
Gold futures rose to a one-week high after Federal Reserve Bank of Chicago
President Charles Evans said more signs of strength in the economy are needed
to reduce asset purchases. Earlier, the price reached $1,345.20, the highest for a
most-active contract since Sept. 20. The metal, up for the second straight week,
has dropped 20 percent this year. Silver futures for December delivery rose 0.3
percent to $21.831 an ounce. West Texas Intermediate tumbled for a third week
on forecasts that the U.S. budget impasse may hurt growth in the world’s largest
oil-consuming country and as easing tension in Syria reduced supply concerns.
Copper futures climbed the most in a week as a report showed the economy
expanded at a faster pace in the second quarter in the U.S., the world’s second-
biggest consumer of the metal.
ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous
Mon Sep 30
11:30am EUR German Retail Sales m/m 0.9% -1.4%
2:30pm EUR CPI Flash Estimate y/y 1.3% 1.3%
7:15pm USD Chicago PMI 54.5 53.0
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TECHNICAL VIEW
GOLD(OCT) SILVER(DEC)
COPPER(NOV) CRUDE(OCT)
NATURALGAS(OCT) LEAD(OCT)
ZINC(OCT) NICKEL(OCT)
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 31450
• R1 - 30970 Resistance
• S1 - 30250
• S2 - 29780 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 51500
• R1 - 50350 Resistance
• S1 - 48150
• S2 - 46580 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 485
• R1 - 477 Resistance
• S1 - 462
• S2 - 455 support
• Consolidate
• Sell on high
Trend
Strategy • R2 - 6690
• R1 - 6610 Resistance
• S1 - 6465
• S2 - 6385 support
• Consolidate
• Sell on high
Trend
Strategy •R2 - 241
•R1 - 233 Resistance
•S1 - 219
•S2 - 211 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 137.7
• R1 - 134.5 Resistance
• S1 - 130.5
•S2 - 127.8 support
• Consolidate
• Buy on dips
Trend
Strategy •R2 - 124.5
•R1 - 121.8 Resistance
•S1 - 118.3
•S2 - 115.5 support
• Consolidate
• Buy on dips
Trend
Strategy •R2 - 935
•R1 - 905 Resistance
•S1 - 875
•S2 - 843 support
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ALUMINIUM(OCT)
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• Consolidate
• Buy on dips
Trend
Strategy •R2 - 120.5
•R1 - 117.3 Resistance
•S1 - 113.1
•S2 - 111.3 support