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DAILY COMMODITY REPORT 3RD OCTOBER 2012

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HEADLINES

Epic Research recommends long Gold position,short Aluminum, Cotton. Epic Research recommends buying March gold futures as precious metals receive support from a third round of quantitative easing.With the dollar weakening and debates over inflation and fiat currency debasement now likely to

TRADING TIP:

move back to center stage, QE3 is likely to support the recent pickup in physical and futures market buying, which should help to bring to end gold's position as one of the weakest commodity markets in 2012, According to Epic Research, the base metals have benefited from QE3, but the outlook for sluggish economic growth will hurt demand for base metals and the firm recommends shorting selective metals, including aluminum. Chinas Copper demand to remain subdued in 2012; pick up in early 2013

Sell Gold Dec Below 31322 TGTS-31280/31220 SL-31372

Sell Copper Nov Below 439 TGTS-437.10/435 SL-442.40

Chinese copper demand is likely to remain subdued in the near term but pick up in early 2013, said Epic Research.According to Epic Research, Chinese stimulus measures announced during the summer have yet to translate into demand. Power-sector demand, which accounts for 45% of Chinas copper consumption, has fared better than other sectors this year, but September orders have not picked up substantially from low levels in August.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI GUR JEERA

7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012

4556 5060 1188 14955 1044

4573 5060 1188 14960 1053

4525 5018 1178 14650 1035

4560 5120

4532 5018 1178 14800 1041 -0.55 42435 0.79 781.3 4315 0.25 4540 -0.54 1282 0.04

-28 -102 -5.5 -252.5 -8 45 -1.55 12 -124 36

-0.61 -1.99 -0.46 -1.68 -0.76 4860 0.11 986.2 -0.2 0.28 62934 -2.66 31033 2.89 119.95

DAILY MARKET STATISTICS


1183.5 15052.5 1049

Symbol

Expiry Date

PCP

% Change

LTP

KAPAS

Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012

19-Oct-12 42300 42555 31-Oct-12 780.5 783.6 4309 5-Dec-12 4330 4600 4676 5-Dec-12 1251 31-Oct-12 1282

4887 42250 42390 978.5 777.4 782.85 4265.5 62780 4303 4518 4664 31201 1251 119.90 1246

Zinc

31-Oct-12

110.45

-0.5

109.90

Copper

30-Nov_12

441.05

-0.23

440.05

Aluminium

30-Oct-12

110.95

0.05

111

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DAILYMCX GOLD CHART

ANALYSIS
OPEN: 31502 HIGH: 31616 LOW: 31331 CLOSE: 31415

GOLD LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

DAILY MCX SILVER CHART

ANALYSIS
OPEN: 62642 HIGH: 64999 LOW: 62203 CLOSE: 62934

SILVER LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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