Share Tips Expert Commodity Calls Report 06042011

8/6/2019 Share Tips Expert Commodity Calls Report 06042011

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Daily Commodity Market Update as on Wednesday, April 06, 2011

ACTION

BUY JUNE

TARGET 2

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TARGET 1STOPLOSS

What make market to move… …

ENTRY

21100 21040 21165 21220

Spdr gold trust holdings rose by 1.52 tonnes to 1212.75 tonnes

Gold looks to take support at 20992 and resistance at 21256.

Gold ended higher as a downgrade of Portugal's credit rating drew attention to euro zone problems.

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Gold / Silver ratio is at 36.87. Yesterda Gold FIX has closed lower at : 1433.5#

SILVER

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ACTION ENTRY STOP LOSS TARGET 1 TARGET 2

BUY MAY 57200-280 57000 57480 57840


# Silver trading range is 55882-58414.

# Silver zoomed to a new high on hectic buying by stockists and jewellers for the ongoing 'Navratra' festival

# Silver is having resistance at 57970 and support at 57200 level.

# In spot silver looks to get resistance at 39.60$ and support is at 39.02$ level.

# Silver $ FIX is at : 38.08 & CURRENTLY SILVER $ IS TRADING AT : 39.39 & UP BY 0.36%

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ACTION ENTRY STOP LOSS TARGET 1 TARGET 2


SHORT TERM W EAKNESS CAN BE SEEN TILL 4756 LEVEL DUE TO TODAY INVEN TORY

-ru e ra ng range s - .

# Crude oil ended lower as traders positioned ahead of weekly inventory data

# Crude looks to test support at 4778 and resistance is seen at 4818.

# Today crude oil inventories: EXP: 1.3M PREV: 2.9M

# Crude is Tradin at : 108.11 .

COPPERACTION ENTRY STOP LOSS TARGET 1 TARGET 2

BUY AP R 420.5 418.5 423.5 425.6


# Copper trading range is 412.1-425.3.

# Copper ended down but recovered after a much-anticipated rate hike in China failed to rattle the market

# Copper is taking resistance at 421.80 and support is seen at 415.20.

# LME copper stocks stand at highest since July

# YESTERDAY LME STOCK FOR COPPER CAME Up BY 4425




.ACTION ENTRY STOP LOSS TARGET 1 TARGET 2

SELL AP R 191 194.5 188.5 184.5


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According to weather group, recent cold front that had given market a boost was expected to subside in coming days.

# NATURAL GAS IS TRADING AT : 4.242

a ura as ra ng range s . - . .

# Natural gas ended down amid indications of decreased demand as forecasts showed mild temperatures in U.S. next w

# Natural gas looks to test support at 188.50 and resistance is seen at 192.50.

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Moody’s announced before the European market opened that it was downgrading Portugal again for the second time in threeweeks. This brings the group’s rating of the nation to its lowest investment rating. The 10-year government bond yield responded

Gold Surges to a New Record High after a Trust Announces its Intentions to Buy: Sprott Physical Gold Trust would use funds onan up to $340 million follow launch to buy physical gold was enough to shake a market that was previously running on its lowestlevels of volume since the holiday period and finding little guidance from the US dollar.

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Natural gas futures were down for a third day, amid indications of decreased demand as forecasts showed mild temperatures inkey gas-heating areas in the U.S. next week.

. .by surging to 8.77 percent; but the euro was stationary. This close to the ECB decision, few things will distract the traders.

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CARROTINVESTMENT

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 bereliable, which are publicly available. The information contained herein is strictly confidential and is meant for the intendedrecipients. Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of theinformation without prior consent of SHARETIPSEXPERT GROUP is prohibited. The information and data are derived from thesource that are deemed & believed to be reliable and the calls are based on the theory of Technical Analysis. Neither thecompany nor its employees are responsible for the trading Profit(es) & loss(es) arising due to the trader. The commodities and

er va ves scusse an op n ons expresse n s repor may no e su a e or a nves ors a ng un er eren ca egor esand jurisdictions. All futures trading entail significant risk, which should be fully understood prior to trading.


Share Tips Expert Commodity Calls Report 06042011

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