Share Tips Expert Commodity Calls Report 05042011

8/6/2019 Share Tips Expert Commodity Calls Report 05042011

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Daily Commodity Market Update as on Tuesday, April 05, 2011

20960 20920 20995 21040

TARGET 1STOPLOSS

What make market to move… …

ENTRYACTION

BUY JUNE

TARGET 2

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Gold / Silver ratio is at 37.17. Yesterda Gold FIX has closed hi her at : 1435.5#

#

#

#

In spot gold looks to take support at 1426$ and resistance at 1448$ level.

Gold looks to take support at 20902 and resistance at 21000.

Gold edged down as the euro held below this week's five-month high versus the dollar.

- .

ACTION ENTRY STOPLOSS TARGET 1 TARGET 2

. . .

SILVER


# Silver trading range is 55705-57253.

# Silver jumped to record high on inflation concerns and a rise in ETF holdings to another record

BUY MAY 56450-500 56100 56780 57100

# Holdings at ishares silver trust 22.93 tonnes to 11162.45 tonnes.

# Silver $ FIX is at : 38.46 & CURRENTLY SILVER $ IS TRADING AT : 38.62 & UP BY 0.18%

# Silver is having resistance at 56968 and support at 56194 level.

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BUY APR ABV 4815 4795 4845 4895



# Geopolitical supply risks have kept oil traders wary, as Libya's conflict and Middle East unrest persist

# Crude is Tradin at : 108.25

ru e ra ng range s - .

# Crude oil slipped but still hovered around the Monday's 2-1/2 year high on geopolitical risks

# Crude looks to test support at 4784 and resistance is seen at 4840.

.

COPPER


# Copper trading range is 412.4-427.6.

# Copper ends lower as worry over China demand lingers

SELL APR 422.5 424.8 418.2 415.8


# Chilean copper mine Dona Ines de Collahuasi lifted force majeure contract suspension it had on its copper shipments

# YESTERDAY LME STOCK FOR COPPER CAME Down BY -950

# Copper is taking resistance at 423.30 and support is seen at 415.70.




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194 197.5 190.8 187.5


.


SELL APR

# NATURAL GAS IS TRADING AT : 4.277

a ura as ra ng range s . - . .

# Natural gas ended down as forecasts showed that colder-than-normal temperatures in US would moderate

# Natural gas looks to test support at 189.80 and resistance is seen at 195.30.

# The number of active rigs drilling for natural gas in US in the week rose for the second consecutive week

.

Crude oil futures slipped but still hovered around the Monday's 2-1/2 year high as geopolitical risks amid fighting in Libya, unrest

in Yemen and stalled elections in Nigeria continued to support prices.

Silver jumped to its highest since early 1980 on Tuesday on inflation concerns, a rise in ETF holdings to another record and

growing industrial demand, while gold hardly moved as the euro held below this week's five-month high versus the dollar

Natural gas futures were down for a second day, dropping to the lowest level in two days as forecasts showed that colder-than-

normal temperatures in key heating areas in the U.S. would moderate next week.

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The report and calls made herein are for general information purpose and report contains only the viewpoints. We make no

representation or warranty regarding the correctness, accuracy or completeness of any information, and are not responsible forerrors of any kind even though we have taken utmost care in obtaining the information from sources which are believed to be

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source that are deemed & believed to be reliable and the calls are based on the theory of Technical Analysis. Neither the

company nor its employees are responsible for the trading Profit(es) & loss(es) arising due to the trader. The commodities and

derivatives discussed and opinions expressed in this report may not be suitable for all investors falling under different categories

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Share Tips Expert Commodity Calls Report 05042011

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