DAILY COMMODITY REPORT BY EPIC RESEARCH-16 OCTOBER 2012
DAILY COMMODITY REPORT 16TH OCTOBER 2012WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Gold expected to drop below 1-week low. Indian gold is likely to extend losses past its lowest level in a week, hit on Monday, weighed by a stronger dollar overseas, considered an alternative to the yellow metal. The dollar and gold often move in opposite directions as the two compete for funds globally. The euro slipped TRADING TIP: against the dollar as traders awaited clarity on when Spain would request a bailout to shore up its battered finances. Sell Natural Gas Oct Gold is likely to correct a bit on strong dollar," said Epic research. Below 184.40 Copper steady as short term outlook cloudy. TGTS-182/179 Recent numbers from China have clouded expectations on SL-186.70 whether it will take more steps to shore up growth, with a decline in the countrys annual consumer price inflation pointing to ample room for policy easing, but a strong rebound in September exports suggesting policy changes may not be needed for now. Copper trading is range bound at the moments as in the short term the situation is still uncertain and investors are waiting for the Chinese GDPSell Gold Dec data and for news from LME week.Below 30960 iTGTS-30920/30860SL-31004WWW.EPICRESEARCH.CO +91 9752199966
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