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Monday, October 20, 2014
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OI
Sup 3
Precious Metals
Sup 2
Sup 1
Res 1
Res 2
Res 3
Gold
27022
27610
26940
27256
1.1
7014
26258
26599
26928
27598
27939
28268
Silver
38730
39180
38280
38399
-0.3
18709
37160
37720
38060
38960
39520
39860
Aluminium
117.80
121.00
116.30
120.20
2.2
6184
112.6
114.5
117.3
122.0
123.9
126.7
Copper
413.10
423.35
404.50
409.25
-1.2
13004
382.7
393.6
401.5
420.3
431.2
439.1
126.80
127.70
Base Metal
Lead
Nickel
1008.00 1016.80
121.25
124.20
-1.8
2542
113.0
117.0
120.0
127.0
131.0
134.0
949.50
960.80
-4.6
8269
867.3
908.4
934.6
1001.9
1043.0
1069.0
3281
125.9
130.9
134.5
143.0
148.0
151.6
Zinc
142.50
144.40
135.85
138.05
-3.1
Crude
5278
5278
4944
5095
-3.58
8505
4600
4772
4934
5268
5440
5602
Nat. Gas
235.2
243.6
228.3
230.9
-2.16
8244
209.6
219.0
224.9
240.2
249.6
255.5
Energy
Weekly market gainer and losser
3.0
2.0
1.0
0.0
‐1.0
‐2.0
‐3.0
‐4.0
‐5.0
Date : Monday, October 20, 2014
URL : www.achiieversequitiesltd.com
Page No -
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Monday, October 20, 2014
Precious Metals
Gold prices ended with weekly gains as concerns over the global economy have raised speculation that the U.S. Federal
Reserve could keep interest rates low for longer and silver prices seen under pressure after a better-than-expected report
on U.S. consumer sentiment bolstered the dollar. Also underpinning gold were comments by U.S. central banker James
Bullard that the Fed should keep buying bonds for longer than planned in the face of volatile markets and falling inflation
expectations. Despite Friday's drop, holdings of SPDR Gold Trust, rose 0.2 percent to 760.94 tonnes, latest data shows.
The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to a seven-year high 86.4 for
October from 84.6 in September. Analysts had expected the index to slip to 84.1 in October, and the surprise firmed the
dollar and sent gold prices falling amid sentiments that the Federal Reserve will likely close its bond-buying program this
month and hike interest rates in 2015. Elsewhere, the Census Bureau reported earlier that U.S. building permits rose
1.5% to 1.018 million in September, disappointing expectations for an increase of 2.8% to 1.0.29 million units, after a
5.1% drop to 1.003 million units in August. The report also showed that U.S. housing starts rose 6.3% in September to
1.017 million units, beating expectations for a 4.8% gain. Housing starts for August were revised to a 12.8% fall from a
previously estimated 14.4% decline. In Europe revised data showed that bloc's consumer price index rose by 0.3% in
September, in line with expectations though soft nonetheless. The rate has now been below 1% for 12 straight months,
well under the European Central Bank's target of near but just under 2%. Despite Friday's drop, holdings of SPDR Gold
Trust, rose 0.2 percent to 760.94 tonnes, latest data shows. Gold imports by India, the largest user after China, probably
surged more than fourfold last month on expectations declining prices would boost festival demand. Purchases are
estimated at about 95 metric tons compared with 15 tons to 20 tons in September last year. The government raised
import taxes for a third time in August last year after a month earlier obliging importers to set aside 20 percent of
purchases for re-export as jewelry.
Gold
Date : Monday, October 20, 2014
URL : www.achiieversequitiesltd.com
Silver
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Monday, October 20, 2014
Base Metal
Base metals prices seen under pressure except aluminium as jitters over global growth returned to disrupt a fragile calm that had
briefly shored up markets on signs of strength in the U.S. economy. A robust labour report and improving manufacturing data in
the United States calmed turbulence in global markets. Aluminium prices gains amid speculation that global central banks are
prepared to implement more stimulus measures to boost economic growth. Market attention is returning to the euro zone due to
stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt
crisis began in 2009.This week's China data could show further deterioration in the world's second-biggest economy although this
may give a short-term boost to prices if consensus swings to expect targeted easing. A dramatic fall in Chinese interest rate
swaps (IRS) last week suggests markets are betting a run of weak economic data will force the central bank to cut its benchmark
deposit rate for the first time in over 2 years to support growth. China's economy likely grew at its weakest pace in more than five
years in the third quarter as a property downturn weighed on demand, a poll showed, raising the chances of more aggressive
policy steps that may include cutting interest rates. China will publish GDP data on Oct. 21. The global copper market will be in
deficit for a fifth straight year in 2014 before switching to a surplus of about 390,000 tonnes next year, an industry group said.
U.S. wholesale prices unexpectedly fell for the first time in a year, while Chinese factory-gate prices dropped for a record-tying
31st month, data showed. U.S. factory output rebounded in September and claims for jobless benefits dropped to a 14-year low,
reports showed. The country is the second-largest consumer of metals. Global consumption of nickel, used to make stainless
steel, will exceed output by 20,000 metric tons in 2015, the International Nickel Study Group said in a report dated Oct. 15.
Nickel’s fundamentals remain the strongest of all the LME metals, with supply deficits seen for the next three to four years.
Copper
Date : Monday, October 20, 2014
URL : www.achiieversequitiesltd.com
Nickel
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Monday, October 20, 2014
Energy
Crude oil prices ended with losses amid mounting concerns over global demand growth outlook. Saudi Arabia is reportedly
content to let prices fall in order to lessen the appeal of alternative fuels and weaken non-OPEC competition. The IEA predicted a
modest rise in global demand in 2015, further pressuring prices. In some soft economic news from the U.S., a Commerce
Department report showed retail sales to have dropped more than anticipated in Sept, partly reflecting the recent drop in gasoline
prices. Meanwhile, business activity in the New York manufacturing sector grew at a substantially slower rate in October, a
Federal Reserve Bank of New York report showed. For the last three years, the incipient imbalance between supply and demand
was masked by a series of one-off supply interruptions which removed enough crude from the market to offset rising shale
output. Also US sanctions on Iran coupled with civil wars and unrest in Libya, South Sudan, Syria and Iraq all helped conceal the
extent to which the market was fundamentally oversupplied. The IEA said it cut its 2015 estimate for oil demand growth by
300,000 barrels per day (bpd) from its previous forecast and now expects demand growth of 1.1 million bpd to 93.5 million. It cut
its 2014 estimate by 200,000 bpd to 0.7 million bpd. The EIA data showed U.S. crude inventories rose 8.9 million barrels, far
higher than expectations for a build of 2.8 million barrels. Naturalgas ended with losses on weekly basis updated weatherforecasting models scaled back the intensity of a U.S. cool snap and called for mild temperatures that should curb demand for
both heating and air conditioning. Total working gas in storage came to 3.299 trillion cubic feet. Stocks were 344 billion cubic feet
less than last year at this time and 362 billion cubic feet below the 5-year average of 3.661 trillion cubic feet. Stocks in the
Producing Region were 173 billion cubic feet below the 5-year average of 1.173 trillion cubic feet after a net injection of 35 billion
cubic feet. Stocks in the West Region were 37 billion cubic feet below the 5-year average after a net addition of 10 billion cubic
feet. At 3.299 trillion cubic feet, total working gas remains below the 5-year historical range. Thursday's supply report pressured
prices lower as well. The Energy Information Administration reported earlier that working natural gas storage in the U.S. rose by
94 billion cubic feet in the week ending Oct. 10, outpacing market calls for a build of 91 billion cubic feet, which sent prices
edging lower.
Crude
Date : Monday, October 20, 2014
URL : www.achiieversequitiesltd.com
Natural Gas
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Monday, October 20, 2014
Commodity
Gold
View for the week
BUY GOLD @ 27000 SL 26640 TGT 27850.
Silver
BUY SILVER @ 38100 SL 37600 TGT 39800.
Crude oil
SELL CRUDE OIL @ 5220 SL 5350 TGT 4900.
Natural Gas
SELL NAT.GAS @ 238 SL 248 TGT 220.
Copper
SELL COPPER @ 416 SL 425 TGT 400.
Zinc
SELL ZINC @ 140 SL 144 TGT 134.
Nickel
SELL NICKEL @ 1000 SL 1040 TGT 910.
Aluminium
BUY ALUMINIUM @ 117 SL 113 TGT 124
Lead
SELL LEAD @ 128 SL 132 TGT 122.
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making any decision. www.achiieversequitiesltd.com
Date : Monday, October 20, 2014
URL : www.achiieversequitiesltd.com
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