Today Gold,Silver Commodity Market News Update & Trend 18-12-2013

Daily Newsletter-Commodity 18/12/2013

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MARKET WRAP

Gold futures fell for the first time in three sessions

Consumer prices rose 1.2 percent in the 12 months

Copper declined for the first time in eight days

Silver futures for March delivery declined 1.3 percent

Gold futures fell for the first time in three sessions after a report showed no change in the

U.S. cost of living in November from a month earlier, reducing demand for the metal as a

hedge against inflation. Consumer prices rose 1.2 percent in the 12 months ended Nov.

30 after a 1 percent gain in the year ended Oct. 31. Silver futures for March delivery

declined 1.3 percent to $19.84 an ounce on the Comex. Copper declined for the first time

in eight days as investors await the outcome of the U.S. Federal Reserve’s two-day

meeting starting today amid speculation that the central bank will cut stimulus.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Wed Dec 18

2:30pm EUR German Ifo Business Climate 109.7 109.3

All Day EUR ECOFIN Meetings

7:00pm USD Building Permits 0.99M 1.04M

USD Housing Starts 0.95M

Sep Data USD Housing Starts 0.91M 0.89M

Oct Data USD Housing Starts 0.92M

8:30pm USD Flash Services PMI 56.4 55.9

9:00pm USD Crude Oil Inventories -2.4M -10.6M


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TECHNICAL VIEW

GOLD(FEB) SILVER(MAR)

COPPER(FEB) CRUDE(DEC)

NATURALGAS(DEC) LEAD(DEC)

ZINC(DEC) NICKEL(DEC)

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 29750

• R1 - 29270 Resistance

• S1 - 28450

• S2 - 28080 support

• Consolidate

• Sell on high

Trend



• S1 - 44350


• Consolidate

• Buy on dips

Trend



• S1 - 451


• Consolidate

• Buy on dips

Trend



• S1 - 5950


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 277

•R1 - 269 Resistance

•S1 - 257

•S2 - 249 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 137.7

• R1 - 134.8 Resistance

• S1 - 130.5

•S2 - 128.8 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 126.5

•R1 - 123.8 Resistance

•S1 - 120.1


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 913

•R1 - 895 Resistance

•S1 - 838

•S2 - 813 support


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Phone- (0731)6615050-6620150

ALUMINIUM(DEC)

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 113.5

•R1 - 111.8 Resistance

•S1 - 108.3
