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Daily Commodity Market Update as on Monday, April 04, 2011

ACTION

BUY JUNE

TARGET 2

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TARGET 1STOPLOSS

What make market to move

ENTRY

20915 20870 20956 20998

In spot gold looks to take support at 1440$ and resistance at 1416$ level.

Gold looks to take support at 20860 and resistance at 21000

Gold ended flat Saturday after dropping Friday as an encouraging U.S. jobs report boosted the dollar

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Gold / Silver ratio is at 37.62. Yesterda Gold FIX has closed lower at : 1418#

SILVER

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ACTION ENTRY STOPLOSS TARGET 1 TARGET 2

BUY MAY 55450 55280 55610 55740

What make market to move

# Silver trading range is 55777-56043.

# Silver prices slipped Friday due to modest profit-taking by speculators despite rising overseas trend

# Silver is having resistance at 56120 and support at 55600 level.

# In spot silver looks to get resistance at 37.94$ and support at 37.35$ level.

# Silver $ FIX is at : 37.63 & CURRENTLY SILVER $ IS TRADING AT : 37.99 & UP BY 0.82%

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8/6/2019 Share Tips Expert Commodity Calls Report 04042011

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ACTION ENTRY STOPLOSS TARGET 1 TARGET 2

BUY APR 4790 4765 4826 4860

What make market to move

-ru e ra ng range s - .

# Oil prices jumped as supportive U.S. jobs data reinforced economic growth expectations

# Crude looks to test support at 4802 and resistance is seen at 4848.

# OPEC's crude output dropped 363,000 barrels in March to an average 29.022 million barrels a day

# Crude is Tradin at : 108.6.

COPPER

ACTION ENTRY STOPLOSS TARGET 1 TARGET 2

SELL APR 421 424.8 418.2 415.8

What make market to move

# Copper trading range is 418.1-420.9.

# Copper ended lower as lull in Chinese buying and a rising trend in inventories continued to reflect demand

# Copper is taking resistance at 421.80 and support is seen at 416.80

# Copper weekly stocks at Shanghai exchange came down by 10306 tonnes.

# YESTERDAY LME STOCK FOR COPPER CAME Down BY -1000

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ACTION ENTRY STOPLOSS TARGET 1 TARGET 2

SELL APR 196 198.8 194.2 191.5

What make market to move

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Scheduled natural gas deliveries to U.S. households fell for a fourth day on forecasts for higher temperatures

# NATURAL GAS IS TRADING AT : 4.318

a ura as ra ng range s - .

# Natural gas ended firm Saturday on shortcovering after prices fell in last 2 session.

# Natural gas looks to test support at 191.60 and resistance is seen at 197.20

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Gold edged up as higher oil prices amid the ongoing Middle East crisis and a firm euro on expectations of ECB rate hike lent

support.

Crude prices extended gains as geopolitical unrest in the Middle East and Africa stoked concerns about oil supply.

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Contact us

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