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Share Tips Expert Commodity Report 25032011 (1)
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Transcript of Share Tips Expert Commodity Report 25032011 (1)
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8/6/2019 Share Tips Expert Commodity Report 25032011 (1)
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Daily Commodity Market Update as on Friday, March 25, 2011
PRECIOUS METALS COMPLEX
NAME OPEN HIGH LOW CLOSE % CNG
GOLD 21001 21048 20811 20846 -0.8
SILVER 55555 56555 55300 55467 -0.06
GOLD 1431.5 1434.3 1429.5 1434.25 0.13
SILVER 37.15 37.45 37.14 37.45 0.81
PLATINUM 1750.99 1745.75 1740 1745.75 -0.3
Bullion retreated where silver pulled back from record
highs on profit booking. The metals were initially
underpinned by concerns over the health of the bloc,
violence in the Middle East and North Africa, and fears
over inflation.
SPOT $
MCX
NAME OPEN HIGH LOW CLOSE % CNG
CRUDE 4766 4797 4708 4724 -0.97
N.GAS 194 196.8 188.4 190.2 -1.37
ENERGY COMPLEX
Crude settled weak as traders weighed rising turmoil in
the Middle East against renewed concerns about Europe's
sovereign debt crisis. Natural gas erased gains retreating
from a seven-week high after a government report
showed that U.S. natural as inventories fell less-than-
MCX
CRUDE 105.52 106.69 104.76 105.6 0.075815
NAME OPEN HIGH LOW CLOSE % CNG
-
. .
expected last week.
BASEMETAL COMPLEX
Base metals may record tighter spot markets initially as a
'
MCX
. . . . - .
ZINC 107.8 108.7 106.45 107.3 -0.79
NICKEL 1204.1 1226.6 1197.1 1213.3 0.59
LEAD 123.15 123.5 121.1 121.25 -1.94
ALUMINIUM 116.7 117.55 116.3 116.55 -0.51
COPPER 9705 9719.25 9670 9676 -0.27 475
ZINC 2404 2408.75 2388.25 2395 -0.83 -300
resu t o Japan s eart qua e an tsunami, ut t e
broader impact across the metals this year is expected to
be negative, with effect on demand growth "likely
underestimated" by the markets.
LME STOCKLM E
COPPER
ZINC
434625
735450. . .
NICKEL 26925 2629.75 26800 26820 -0.45 -444
LEAD 2699 2705 2679 2680 0.07 -1275
ALUMINIUM 2625 2705 2621.25 2621.25 -0.08 14425
SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX
18522.48 5572 2312.09 1309.66 8311.61 12170.56 9510.68 2978.14 2053.2 23127.47 75.69
NICKEL
LEAD
ALUMINIUM
123594
285625
4608875
GLOBAL MARKETS UPDATE
0.94 1.67 1.83 0.93 0.76 0.7 0.8 1.07 0.81 0.92 0.06
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8/6/2019 Share Tips Expert Commodity Report 25032011 (1)
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OPEN
21001
HIGH
LOW
20811
-0.8
21048
% CNG
VOLUME
CLOSE
20846
FUTUR
E
-167
9910
RE CNG
28863
OI
INTRADAY LEVELS
X
GOLD
Gold fell after a brief rally to a record high of 21048 to close at 20846 that is down by -0.80
- P.P. 20902
SUP 1 RES 1
20755 20992
SUP 2 RES 2
20665 21139
SUP 3 RES 3
20518 21229
MC
- ,European debt crisis due to a politically unstable Portugal. Bullion retreated after hitting an all-time
peak $1,447.40 an ounce. The metals were initially underpinned by concerns over the health of the
bloc, violence in the Middle East and North Africa, and fears over inflation. On Thursday, gold charts
resembled a top reversal day pattern, where a new high has been set in an uptrend and is followed
by a close below that of the previous day. A key reversal day could mark an important turning point
on technical charts. Meyers said, however, gold's decline was a healthy pullback, setting its stage for
further rally into record highs. Now gold is getting support at 20755 and below could see a test of
20665 level, and resistance is now likely to be seen at 20992, a move above could see prices testing
55555
HIGH
56555
55300
OPEN
LOW
UR
E
OI
15670
101197
-0.06
VOLUME
RE CNG
55467
% CNG
VERFU
P.P. 55774
SUP 1 RES 1
54993 56248
SUP 2 RES 2
INTRADAY LEVELSSilver skyrocketed in the local market crossing 57000 mark amid rising concerns over the Euro zone
sovereign debt crisis and unrest in the Middle East. Deteriorating geopolitical conditions in the world
and concerns over Euro zone sovereign debt issue help the precious metal climb to record high as
investors turned to the metal to protect their wealth from any impending risks. Yesterday we have
seen Silver opened at 55555 and quickly tested the support on dollar firmness but the fall was for a
short while market again resume its rally and silver jumped to 56555 at a point of time making life
-31
MCXS
I
54519 57029
SUP 3 RES 3
53738 57503
Page No. 2
time high in the Indian history, Investor booked profit on the higher level made pressure on the
counter dragging again to the days low at 55300 and finally settled at 55467 that is -0.06. Now
silver is getting support at 54993 and below could see a test of 54519 level, And resistance is now
likely to be seen at 56248, a move above could see prices testing 57029.
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8/6/2019 Share Tips Expert Commodity Report 25032011 (1)
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4766
HIGH
OPEN
4724
% CNG
-0.97
VOLUME
4797
LOW
4708CLOSE
FUTURE
16849
RE CNG
-46
INTRADAY LEVELSCrude pulled back in choppy trading and settled down by -0.97% at 4724 after a report showed U.S.
131568
OI
CRUDE
P.P. 4743
SUP 1 RES 1
4689 4778
SUP 2 RES 2
4654 4832
SUP 3 RES 3
4600 4867
February durable goods orders fell against expectations for a small rise. The durable goods number
seemed to offset a separate report showing U.S. initial jobless claims fell. Also pressure seen on
crude prices ahead of the data on concerns about euro zone debt problems. Traders are also trying
to get clue from the Arab nation where fighting in Libya and growing unrest in the Middle East
supported concern over oil supply. Now technically market is trading in the range as RSI for 18days
is currently indicating 59.04, where as 50DMA is at 4483.54 and crude is trading above the same
and getting support at 4689 and below could see a test of 4654 level, And resistance is now likely to
be seen at 4778, a move above could see prices testing 4832.
MC
HIGH
441.75LOW
436.15TUR
EOPEN
440.05
RE CNG
% CNG
-0.68
VOLUME
91080
OI
19547
438.15
PPERFU
P.P. 438.7
SUP 1 RES 1
435.6 441.2
SUP 2 RES 2
-3
INTRADAY LEVELSCopper yesterday traded with the negative node and settled -0.68% down at 438.15 falling from
almost three-week highs after new orders for U.S. manufactured goods fell unexpectedly last month,
hinting at slowing activity in the world's largest economy. The euro extended gains against the
dollar, which helped limit further losses in base metals prices. A weaker dollar makes metals priced
in the U.S. currency more affordable for holders of other currencies. European premiums for physical
copper edged ahead this week, clawing back from two-year lows as traders said demand wasMCXC
O
433.1 444.3
SUP 3 RES 3
430.0 446.8
perking up and that gains looked set to increase in the traditionally stronger second quarter. For
today's session market is looking to take support at 435.6, a break below could see a test of 433.1
and where as resistance is now likely to be seen at 441.2, a move above could see prices testing
444.3.
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8/6/2019 Share Tips Expert Commodity Report 25032011 (1)
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107.8
HIGH
OPEN
107.3
% CNG
-0.79
VOLUME
108.7
LOW
106.45CLOSE
UTUR
E
5701
RE CNG
-0.85
INTRADAY LEVELSZinc yesterday traded with the negative node and settled -0.79% down at 107.3 earler we
20517
OI
X
ZINC
P.P. 107.5
SUP 1 RES 1
106.3 108.5
SUP 2 RES 2
105.2 109.7
SUP 3 RES 3
104.0 110.8
ave seen e ura e goo s or ers e . n e ruary, e arges ec ne n e pas
four months, while the previous estimate of a 1.1% increase. But the US jobless claims for the
week ending March 19th fell to 382,000, compared to a forecast of 383,000, boosting LME
zinc prices to rise further. Finally, LME zinc prices closed at USD 2,390/mt, up USD 40/mt, or
up 1.7%.In yesterday's trading session zinc has touched the low of 106.45 after opening at
107.8, and finally settled at 107.3. For today's session market is looking to take support at
106.3, a break below could see a test of 105.2 and where as resistance is now likely to be
seen at 108.5, a move above could see prices testing 109.7.
MC
HIGH
1226.6LOW
1197.1UR
EOPEN
1204.1
RE CNG
% CNG
0.59
VOLUME
42704
OI
6249
1213.3
KELFU
P.P. 1212
SUP 1 RES 1
1198 1228
SUP 2 RES 2
7.1
INTRADAY LEVELSNickel yesterday traded with the positive node and settled 0.59% up at 1213.3 tracking LME nickel
for delivery in three months opened at USD 26,800/mt and closed at USD 26,940/mt overnight, up
by USD 90/mt from a day earlier, with the highest price at USD 27,355/mt and the lowest price at
USD 26,650/mt. Decline in the US durable goods orders dampened market sentiment, so LME nickel
prices declined after surging and largely moved stably during the Asian trading hours. However, the
decline of the US dollar index also buoyed LME base metal prices to rise in early European tradingMCXN
I
1183 1242
SUP 3 RES 3
1169 1257
hours. In yesterday's trading session nickel has touched the low of 1197.1 after opening at 1204.1,
and finally settled at 1213.3. For today's session market is looking to take support at 1198.1, a
break below could see a test of 1182.8 and where as resistance is now likely to be seen at 1227.6, a
move above could see prices testing 1241.8.
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8/6/2019 Share Tips Expert Commodity Report 25032011 (1)
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OPEN
116.7
HIGHR
% CNG
-0.51
VOLUME
117.55
LOW
116.3CLOSE
116.55
UMFU
T
3744
OI
1868
RE CNG
Aluminium yesterday traded with the negative node and settled -0.51% down at 116.55 tracking
-0.6
INTRADAY LEVELSLUMINI
P.P. 116.8
SUP 1 RES 1
116.1 117.3
SUP 2 RES 2
115.6 118.1
SUP 3 RES 3
114.8 118.6
LME aluminum prices opened slightly higher at USD 2,633/mt, and later climbed to USD 2,641/mt as
NYMEX crude oil prices stood above USD 106/bbl. However, as the weak US durable goods orders in
February depressed market trading sentiment, LME aluminum prices lost previous gains, with prices
finally closing at USD 2,630/mt, down USD 1/mt or 0.04% compared with the previous trading
day.In yesterday's trading session aluminium has touched the low of 116.3 after opening at 116.7,
and finally settled at 116.55. For today's session market is looking to take support at 116.1, a break
below could see a test of 115.6 and where as resistance is now likely to be seen at 117.3, a move
above could see prices testing 118.1.MCX
LOW
TURE
OPEN
194
HIGH
196.8
188.4
6606
RE CNG
OI
VOLUME
35643
-1.37
190.2
.GAS
F % CNG
P.P. 191.8
SUP 1 RES 1
186.8 195.2
SUP 2 RES 2
Natural gas yesterday traded with the negative node and settled -1.37% down at 190.2. as natural
gas inventories fell less-than-expected last week, official data showed on Thursday. Earlier in the
day, the U.S. EIA said in its weekly report that natural gas storage in the U.S. in the week ended
March 18 fell by 6 billion cubic feet, after declining by 56 billion cubic feet in the preceding week.
According to the data, total U.S. natural gas storage in the week ended March 18 stood at 1.612
trillion cubic feet. Stocks were 12 billion cubic feet less than last year at this time and 34 billion cubic
-2.6
INTRADAY LEVELS
CXNA
183.4 200.2
SUP 3 RES 3
178.4 203.6
feet above the five-year average of 1.578 trillion cubic feet for this time of year. In yesterday's
trading session natural gas has touched the low of 188.4 after opening at 194, and finally settled at
190.2. For today's session market is looking to take support at 186.8, a break below could see a test
of 183.4 and where as resistance is now likely to be seen at 195.2, a move above could see prices
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DAILY SPR EAD IN SILVER - MCXDAILY SPR EAD IN GOLD - MCX
ACTIVE SPREAD UPDATE
MONTH RATE APRIL JUNE AUG MONTH RATE MAY JULY SEPT
APRIL 20846 284 588 MAY 55467 711 1303
JUNE 21130 304 JULY 56178 592AUG 21434 SEPT 56770
Spread between Gold APR & JUN contracts yesterday
ended at 284, we have seen yesterday that the gold
market had traded with a negative node and settled -
0.8% down. Spread yesterday traded in the range of 267
294.
Spread between Silver MAY & JUL contracts yesterday
ended at 711, we have seen yesterday that the silver
market had traded with a negative node and settled -
0.06% down. Spread yesterday traded in the range of
451 - 711.
MONTH RATE APRIL MAY JUNE MONTH RATE APRIL JUNE
APRIL 4724 57 101 APRIL 438.15 5.5
MAY 4781 44 JUNE 443.65
JUNE 4825
DAILY SPREAD IN CRUDE - MCX DAILY SPREAD IN COPPER - MCX
Sprea etween cru e MAR & APR contracts yester ay
ended at 57, we have seen yesterday that the crude
market had traded with a negative node and settled -
0.97% down. Spread yesterday traded in the range of 39
57.
DAILY SPR EAD IN ZINC - MCX
Sprea etween copper APR & JUN contracts yester ay
ended at 5.5, we have seen yesterday that the copper
market had traded with a negative node and settled -
0.68% down. Spread yesterday traded in the range of
5.15 - 5.6.
DAILY SPR EAD IN NI CKEL - MCXARKET
MONTH MONTH
MARCH 107.3 1.1 MARCH 1213.3 9
APRIL 108.4 APRIL 1222.3
Spread between zinc MAR & APR contracts yesterday
ended at 1.1, we have seen yesterday that the zincmarket had traded with a negative node and settled -
0.79% down. Spread yesterday traded in the range of 0.6
1.1.
Spread between nickel MAR & APR contracts yesterday
ended at 9.00, we have seen yesterday that the nickelmarket had traded with a positive node and settled
0.59% up. Spread yesterday traded in the range of 8.20 -
13.9.PREAD
MONTH RATE MARCH APRIL MONTH RATE MARCH APRIL
MARCH 190.2 5.7 MARCH 1288.7 -191.8
APRIL 195.9 APRIL 1096.9
S read between natural as MAR & APR contracts S read between menthol oil MAR & APR contracts
DAILY SPREAD I N MENTHOL - MCXDAILY SPREAD IN N AT. GAS - MCX
yesterday ended at 5.70, we have seen yesterday that the
natural gas market had traded with a negative node and
settled -1.37% down. Spread yesterday traded in therange of 5.4 - 5.8.
yesterday ended at -191.80, we have seen yesterday that
the menthol oil market had traded with a positive node
and settled 0.05% up. Spread yesterday traded in therange of -208.5 to -191.8.
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DAY TIME CURRENCY Fo re cast P re viou s
5:00am USD 0 0
DATA
FOMC Member Duke SpeaksL
2:30pm EUR 0.01 0.015
2:30pm EUR 110.6 111.2
2:30pm EUR 0.017 0.0152:30pm EUR 0.004 0.002
2:30pm EUR 0.026 0.024
2:30pm USD 0 0
Day 2 EUR 0 0
5:00pm USD 0 0
FOMC Member Kocherlakota Speaks
EU Economic Summit
FOMC Member Fisher Speaks
Fr i
German Ifo Business Climate
M3 Money Supply y/ yItalian Retail Sales m/ m
Private Loans y/ y
German Import Prices m/ m
ONOMI
C
DATA
6:00pm USD 0.03 0.028
6:00pm USD 0.004 0.004
7:25pm USD 68.1 68.2
7:25pm USD 0 0.046
- -
EC Final GDP q/ q
Final GDP Price Index q/ q
0
0
E
. - . -ending October on higher domestic production of oilseeds, industry body SEA said. "Total imports of vegetable oils
during the current oil year would be about 8.7-8.8 million tonnes against 9.24 million tonnes last year," Solvent
Extractors' Association (SEA) of India said in a statement. Import of edible oils is likely to be lower at 8.4-8.5 million
tonnes as against 8.8 million tonnes last year, while imports of non-edible oils is expected to reduce to 3,50,000
tonnes from 4,20,000 tonnes. "The rabi oilseeds crop for 2010-11 is likely to increase to 9.87 million tonnes as
against 9.07 million tonnes of last year. Also, the overall oilseeds crop should increase to 25.4 million tonnes
compared to 22.8 million tonnes of last year," SEA said. As a result, the overall availability of domestic oil would
increase to 8.5 million tonnes compared to 7.8 million tonnes during last year.
CA
N
U
Japan's customs-cleared crude oil imports rose 5.6 percent in February, marking a second-straight year-on-year rise,
despite signs of weakening domestic demand, government data showed. Japan, the world's third-biggest oil
WSYO
consumer, imported 18.872 million kilolitres (4.24 million barrels per day) of crude oil last month, preliminary data
from the Ministry of Finance showed. Milder winter weather in February likely capped heating fuel demand in the
country. In January, Japan's crude oil imports were 19.244 million kl, up 3.6 percent from a year ago. Japan's
imports of liquefied natural gas (LNG) totalled 6.261 million tonnes last month, up 3.8 percent from a year earlier.
Imports of thermal coal for power generation rose 8.4 percent in February to 8.638 million tonnes, the data showed.
N
Indian federal bond yields came off highs on Thursday tracking a rise in food price inflation after three successive
weekly drops, with all eyes now on the borrowing schedule for the first half of the next fiscal year. India's food
inflation snapped a three-week easing trend in mid-March and fuel inflation remained at elevated levels, keeping
pressure on the central bank to rein in broader inflation. The yield on the most traded 8.13 percent, 2022 bond was
steady at 8.08 percent while the second most traded 8.08 percent, 2022 bond was down 1 basis point at 8.09
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percent.
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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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