Gold and silver futures posted the biggest weekly drops since June on speculation that the Federal Reserve will cut fiscal stimulus next week, while talks started on a plan for Syria to surrender its chemical weapons.

1. Equity
Global Futures Price Change Change
(%)
Crude Oil 108.21 -2.32 -2.10
Natural Gas 3.68 0.15 4.25
Heating Oil 311.37 -5.00 -1.58
Gasoline RBOB 276.96 -8.41 -2.95
Gold 1308.6 -77.9 -5.62
Silver 21.72 -2.17 -9.08
Copper 320.35 -5.80 -1.78
MCX Futures Price Change Change
(%)
Crude Oil 6921 -248 -3.46
Natural Gas 235.1 5.3 2.31
Copper 460.85 -15.4 -3.23
Nickel 883.1 -22.7 -2.51
Lead 132.1 -7.10 -5.10
Zinc 118.35 -4.0 -3.31
Aluminum 112.5 -4.3 -3.68
Gold 30128 -1756 -5.51
Silver 50676 -4306 -7.83
NCDEX Futures Price Change Change(%)
Chana 3164 27 0.86
Soyabean 3477.5 -3 -0.09
Soyaoil 660 -16 -2.37
Jeera 13500 -230 -1.68
Sugarm 2993 63 2.10
Coriander 5715 -15 -0.26
Chilli 5002 -74 -1.46
Global Markets Level Change Change (%)
Asian
Shanghai 2236.22 96.23 4.50
Nikkei 14,404.67 543.87 3.92
HangSeng 22915.28 294.08 1.30
European
FTSE 6,583.80 36.47 0.56
CAC 4114.5 65.31 1.61
DAX 8,509.42 233.75 2.82
US
DJIA 15,376.06 453.56 3.04
NASDAQ 3,722.18 62.17 1.70
Weekly Chart (MCX): Natural Gas
x
Highlights
Gold and silver futures posted the biggest weekly drops since June on speculation that the Federal Reserve will cut fiscal
stimulus next week, while talks started on a plan for Syria to surrender its chemical weapons. Gold futures for December delivery
fell 1.7 percent to settle at $1,308.60 on the Comex in New York. Earlier, the price touched $1,304.60, the lowest for a most-
active contract since Aug. 9. This week, the metal dropped 5.6 percent, the biggest decline since June 21. Silver futures for
December delivery fell 1.9 percent to $21.72 an ounce on the Comex. Earlier, the price touched $21.42, the lowest since Aug. 14.
This week, the price tumbled 9.1 percent, the most since June 21. Palladium futures for December delivery rose 0.9 percent to
$699.10 an ounce. The metal climbed 0.3 percent this week. West Texas Intermediate crude capped its biggest weekly drop
since July as the U.S. and Russia held talks on a plan for Syria to surrender chemical weapons to avert a strike that could stoke
Middle East tensions. WTI for October delivery slid 39 cents, or 0.4 percent, to settle at $108.21 a barrel on the New York
Mercantile Exchange. Prices declined 2.1 percent this week, the most since the five days ended July 26. The volume of all
futures traded was 26 percent less than the 100-day average.
Commodity Weekly Update 16
th
Sept 2013
Weekly Movement
Weekly Technical View: Natural Gas
Natural Gas future prices maintained positive trend during the
week ending to Friday and close at weekly high level. 14 Day
RSI prefers the firmness and remained in neutral region along
with stochastic are favouring the bulls and moved in the
neutral region. MACD is supporting the bulls as medium term
and moving in the positive territory. Concisely, prices are
likely to trade up in the coming trading week.
Short Term Trend- Bullish
Support & Resistance:
S1 S2 PCP R1 R2
230 227 235.10 242 248
Recommendation: Based on the charts above, we
recommend buying at 232 level for the target of 242/248 Stop
loss below 227 levels.
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2. • Asian currencies had their best week in two months, led by India’s rupee, after U.S. jobs data tempered speculation the
Federal Reserve will cut stimulus that’s buoyed emerging markets. Elsewhere in Asia, South Korea’s won strengthened
0.6 percent this week to 1,086.88 and China’s yuan was little changed at 6.1188. Indonesia’s rupiah dropped for a fifth
week, falling 2.1 percent to 11,410 and Vietnam’s dong climbed 0.2 percent to 21,115. Payrolls in the world’s largest
economy climbed less than economists projected in August and gains for the previous two months were revised down, a
Sept. 6 report showed, ahead of a Fed meeting that will discuss the $85 billion monthly debt-purchase program.
President Barack Obama has delayed a decision on military strikes against Syria to pursue a Russian offer to get the
regime to give up its chemical weapons.
• The rupee, which touched a record low of 68.845 per dollar on Aug. 28, completed its best week since October 2009
after Reserve Bank of India Governor Raghuram Rajan, who took office on Sept. 4, announced plans to strengthen the
financial industry and boost dollar supply. India’s factory output climbed 2.6 percent in July from a year earlier after a
revised 1.8 percent decline in June, a report showed Sept. 12.
• Consumer confidence in the U.S. declined in September to the lowest level since April, indicating household spending
may take time to pick up. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment this
month fell to 76.8 from August 82.1. A separate report from the Commerce Department showed retail sales rose less
than forecast in August. The 0.2 percent increase was the smallest in four months and followed a revised 0.4 percent
July gain that was bigger than previously estimated, the report said.
• Wholesale prices in the U.S. rose more than forecast in August, reflecting higher costs for food and some fuels. The 0.3
percent increase in the producer price index followed no change in the prior month, a Labor Department report showed
in Washington.
Particular Actual Previous Unit
Government Bond
10Y 8.50 8.60 Percent
Currency 63.50 65.71 Percent
Stock Market 19781.88 18979.76 Percent
Interbank Rate 12.02 11.26 Percent
GDP Growth Rate 1.30 0.80 Percent
GDP 1841.70 1872.90 Billion USD
GDP per capita 1106.80 1085.73 USD
GDP per capita
PPP 3340.60 3277.01 USD
GDP Annual
Growth Rate 4.40 4.80 Percent
Inflation Rate 5.79 4.86 Percent
Producer Prices 175.40 172.70 Index Points
Consumer Price
Index (CPI) 235 231 Index Points
Export Prices 223 196 Index Points
GDP Deflator 159.30 146.50 Index Points
Import Prices 243 215 Index Points
Money Supply M2 19349.17 19247.67 INR BIL
Money Supply M3 87696.97 87567.88 INR BIL
Weekly Chart (MCX): Copper
Weekly Technical View: Copper
On last week Copper closed at weekly low level and still
looking weak. We recommend sell Copper for medium term
with stop loss of 476. The immediate support appears around
454 levels breaching which the metal can reach 445 levels.
Metals has strong resistance at 476 levels. Technical
indicators on daily chart has generated fresh sell signal and
indicate continues of downward movement for next week.
Short Term Trend- Bearish
Support & Resistance:
S1 S2 PCP R1 R2
454 445 461 468 476
Recommendation: Based on the charts above, we
recommend sell around 468 levels for the target of 454/445
and put Stop loss above 476 on closing basis levels.
India - National Statistical Data
Economic Round-Up
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