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Daily Commodity Market Update as on Friday, April 01, 2011

PRECIOUS METALS COMPLEX

NAME OPEN HIGH LOW CLOSE % CNG

GOLD 21000 21112 20979 21058 0.36

SILVER 55813 56195 55651 55970 0.37

GOLD 1432.8 1434.45 1429.6 1432.4 -0.07

SILVER 37.6 37.81 37.46 37.63 0.08

PLATINUM 1766.49 1769.74 1760.25 1768.25 0.1

Bullion rose as the dollar fell and as rallies in oil and grain

prices boosted gold's appeal as a hedge against inflation.

Investors bought gold to hedge against uncertainty

related to Friday's job report.SPOT $

MCX

NAME OPEN HIGH LOW CLOSE % CNG

CRUDE 4684 4768 4684 4744 1.16

N.GAS 196.9 199.4 189.2 197.4 0.86

ENERGY COMPLEX

Crude rose as Libya's conflict and Middle East unrest kept

threats to supply in play and positive U.S. economic data

also provided lift. Natural gas ended firm but pared gains

government report showed that U.S. natural gas

inventories increased for the first time since earl

MCX

CRUDE 104.31 106.83 104.12 106.72 2.310421

NAME OPEN HIGH LOW CLOSE % CNG

November.

BASEMETAL COMPLEX

Base metals prices pared earlier gains after U.S. factory

MCX

. . . . .

ZINC 105 105.8 103.55 105.5 0.28

NICKEL 1178 1183.9 1162.5 1177.5 0.14

LEAD 120.7 122.15 119.65 121.95 1.03

ALUMINIUM 117.15 117.9 116.55 117.5 0.13

COPPER 9454.25 9480 9399 9407 -0.75 125

ZINC 2365 2365 2336.25 2336.25 -1.02 -300

or ers unexpecte y ec ine in Fe ruary. Ear ier ase

metals traded lower as fears over China's lack of buying

activity and growing stockpiles offset the support of a

stronger euro.

LME STOCKLM E

COPPER

ZINC

439850

736675. . .

NICKEL 26200 2641 25600 25700 -2.08 -462

LEAD 2705 2705 2680 2685 -0.48 -1125

ALUMINIUM 2640 2705 2629 2629 -0.38 -3550

SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX

19477.63 5834.8 2338.99 1325.83 8404.98 12319.73 9786.68 2935.28 2115.05 23567.16 76.09

NICKEL

LEAD

ALUMINIUM

123696

281300

4595375

GLOBAL MARKETS UPDATE

0.17 0.02 0.11 -0.18 -0.14 -0.25 0.35 0.24 0.43 0.17 0.3

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OPEN

21000

HIGH

LOW

20979

0.36

21112

% CNG

VOLUME

CLOSE

21058

FUTUR

E

76

7761

RE CNG

16187

OI

INTRADAY LEVELS

X

GOLD

Gold were up for a second day jumping to the highest level in a week as ongoing turmoil in the

' P.P. 21050

SUP 1 RES 1

20987 21120

SUP 2 RES 2

20917 21183

SUP 3 RES 3

20854 21253

MC increased the safe haven appeal of the precious metal. Fighting between government troops loyal toleader Gaddafi and rebel forces escalated in Libya overnight, raising the prospects of further air

strikes by collation forces. Meanwhile, the Kuwaiti government resigned earlier Thursday,

heightening fears that unrest could spread to the worlds largest oil exporter, Saudi Arabia.

Weakness in the dollar had also contributed to golds strength. The dollar index was down 0.24% to

hit 76.14, as speculation that the Federal Reserve would normalize monetary policy faded. Now gold

is getting support at 20987 and below could see a test of 20917 level, And resistance is now likely to

be seen at 21120, a move above could see prices testing 21183.

55813

HIGH

56195

55651

OPEN

LOW

UR

E

OI

14405

68352

0.37

VOLUME

RE CNG

55970

% CNG

VERFU

P.P. 55939

SUP 1 RES 1

55682 56226

SUP 2 RES 2

INTRADAY LEVELSSilver opened higher at 55813 as supported by the morning gains in crude and base metals saw

silver reach an intraday high of 56195 mid day slight profit booking seen that make silver to test

lower support at 55651 quickly reaching an intraday and renewed buying interest as crude and base

metals began to reverse their slide and made silver to close below 56000 mark. Bullion dropped

before the release of U.S. non-farm payrolls report which could underpin the dollar and weigh on

bullion, while ETF holdings posted their biggest quarterly decline ever. Now technically market is

207

MCXS

I

55395 56483

SUP 3 RES 3

55138 56770

Page No. 2

trading in the range as RSI for 18days is currently indicating 72.12, where as 50DMA is at 50966.62

and silver is trading above the same and getting support at 55682 and below could see a test of

55395 level, And resistance is now likely to be seen at 56226, a move above could see prices testing

56483.

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8/6/2019 Share Tips Expert Commodity Report 01042011

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4684

HIGH

OPEN

4744

% CNG

1.16

VOLUME

4768

LOW

4684CLOSE

FUTURE

18843

RE CNG

55

INTRADAY LEVELSCrude oil extended gains re-approaching the highest level since September 2008 amid ongoing fears

116752

OI

CRUDE

P.P. 4732

SUP 1 RES 1

4696 4780

SUP 2 RES 2

4648 4816

SUP 3 RES 3

4612 4864

region, while a broadly weaker U.S. dollar also boosted prices. It earlier rose to USD106.75 a barrel,

the highest price since March 7, when prices hit a 30-month high of USD106.93 a barrel. Fighting

between government troops loyal to leader Muammar Gaddafi and rebel forces escalated in Libya

overnight, raising the prospects of further air strikes by collation forces. Meanwhile, the Kuwaiti

government resigned earlier Thursday according to the state-run Kuwait News Agency, heightening

fears that unrest could spread to the worlds largest oil exporter, Saudi Arabia. Now crude is getting

support at 4696 and below could see a test of 4648 level, And resistance is now likely to be seen at

4780, a move above could see prices testing 4816.

MC

HIGH

426.05LOW

420.1TUR

EOPEN

424.25

RE CNG

% CNG

0.41

VOLUME

89761

OI

22908

425.3

PPERFU

P.P. 423.8

SUP 1 RES 1

421.6 427.5

SUP 2 RES 2

1.75

INTRADAY LEVELSCopper yesterday traded with the positive node and settled 0.41% up at 425.3 but ended the first

quarter of 2011 with a 2.4 percent quarterly loss, its first such decline since the second quarter of

2010, as concerns about softer Chinese demand and rising warehouse stocks weighed on sentiment.

Traders cited book squaring and the weak dollar for Thursday's higher close. High bonded stocks in

China, estimated at about 600,000 tonnes, were seen discouraging fabricators from building copper

stocks. Compounding concerns about weak physical demand, stocks of copper have been on aMCXC

O

417.9 429.8

SUP 3 RES 3

415.6 433.5

steady ascent since December, rising 125 tonnes to their highest since July 2010, at 439,850

tonnes. For today's session market is looking to take support at 421.6, a break below could see a

test of 417.9 and where as resistance is now likely to be seen at 427.5, a move above could see

prices testing 429.8.

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105

HIGH

OPEN

105.5

% CNG

0.28

VOLUME

105.8

LOW

103.55CLOSE

UTUR

E

8550

RE CNG

0.3

INTRADAY LEVELS

Zinc yesterday traded with the positive node and settled 0.28% up at 105.5 as US dollar index

17892

OI

X

ZINC

P.P. 105.0

SUP 1 RES 1

104.1 106.4

SUP 2 RES 2

102.7 107.2

SUP 3 RES 3

101.9 108.6

overnight dipped to 76 and then rallied slightly. But LME zinc prices closed with gains at USD

2,360/mt, up USD 13/mt, and with the low end falling to USD 2,308/mt. The market was still

cautious ahead of the release of US non-farm payrolls due on Friday. In yesterday's trading

session zinc has touched the low of 103.55 after opening at 105, and finally settled at 105.5.

For today's session market is looking to take support at 104.1, a break below could see a test

of 102.7 and where as resistance is now likely to be seen at 106.4, a move above could see

prices testing 107.2.

MC

HIGH

1183.9LOW

1162.5UR

EOPEN

1178

RE CNG

% CNG

0.14

VOLUME

28696

OI

8252

1177.5

KELFU

P.P. 1175

SUP 1 RES 1

1165 1187

SUP 2 RES 2

1.6

INTRADAY LEVELSNickel yesterday traded with the positive node and settled 0.14% up at 1177.5 after tracking LME

nickel futures for delivery in three months which opened at USD 26,000/mt and closed at USD

26,247/mt overnight, up by USD 26,247/mt from a day earlier, with the highest price at USD

26,322/mt and the lowest price at USD 25,700/mt. LME base metal prices closed with gains on

Thursday, as the US dollar weakened against the euro. LME nickel futures contract prices finally

closed with gains after wide fluctuation, but were still weighed by all-day moving average. The euroMCXN

I

1153 1196

SUP 3 RES 3

1144 1208

strengthened on Thursday, as investors' concern over European debt crisis eased to certain extent

and their focus is shifting possibility of interest rate hike by European Central Bank. For today's

session market is looking to take support at 1165.4, a break below could see a test of 1153.2 and

where as resistance is now likely to be seen at 1186.8, a move above could see prices testing 1196.

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OPEN

117.15

HIGHR

% CNG

0.13

VOLUME

117.9

LOW

116.55CLOSE

117.5

UMFU

T

3256

OI

1746

RE CNG

Aluminium yesterday traded with the positive node and settled 0.13% up at 117.5 after US Labor

0.15

INTRADAY LEVELSLUMINI

P.P. 117.3

SUP 1 RES 1

116.7 118.1

SUP 2 RES 2

116.0 118.7

SUP 3 RES 3

115.4 119.4

Department announced on Thursday that the initial claims for obless benefits were 388,000 in the

week ending March 26th, slightly lower than the forecast of 380,000. Later, the US Commerce

Department announced that the factory orders in February fell by 0.1%, much lower than market

expectations of a 0.5% rise. Both show the US economic data remains disappointing. Meanwhile,

expectations that the ECB will raise interest rates helped boost the euro and weigh down the US

dollar index, with the US dollar index falling to 75.664. For today's session market is looking to take

support at 116.7, a break below could see a test of 116 and where as resistance is now likely to be

seen at 118.1, a move above could see prices testing 118.7.MCX

LOW

TURE

OPEN

196.9

HIGH

199.4

189.2

8670

RE CNG

OI

VOLUME

43470

0.86

197.4

.GAS

F % CNG

P.P. 195.3

SUP 1 RES 1

191.3 201.5

SUP 2 RES 2

Natural gas yesterday traded with the positive node and settled 0.86% up at 197.4, Natural gas

initially dipped sharply lower plunging to the lowest level in eight days after a government report

showed that U.S. natural gas inventories increased for the first time since early November but on

profit booking latter recovered and finally settled at +0.86% up at 197.40. The U.S. EIA said in its

weekly report earlier in the day that natural gas storage in the U.S. in the week ended March 25

rose by 12 billion cubic feet, after declining by 6 billion cubic feet in the preceding week. According

1.7

INTRADAY LEVELS

CXNA

185.1 205.5

SUP 3 RES 3

181.1 211.7

to the data, total U.S. natural gas storage in the week ended March 25 stood at 1.624 trillion cubic

feet. Stocks were 12 billion cubic feet less than last year at this time and 68 billion cubic feet above

the five-year average of 1.556 trillion cubic feet for this time of year. For today's session market is

looking to take support at 191.3, a break below could see a test of 185.1 and where as resistance is

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DAILY SPR EAD IN SILVER - MCXDAILY SPR EAD IN GOLD - MCX

ACTIVE SPREAD UPDATE

MONTH RATE JUNE AUG OCT MONTH RATE MAY JULY SEPT

JUNE 21058 317 628 MAY 55970 639 1291

AUG 21375 311 JULY 56609 652OCT 21686 SEPT 57261

Spread between Gold JUN & AUG contracts yesterday

ended at 317, we have seen yesterday that the gold

market had traded with a positive node and settled 0.36%

up. Spread yesterday traded in the range of 317 - 348.

Spread between Silver MAY & JUL contracts yesterday

ended at 639, we have seen yesterday that the silver

market had traded with a positive node and settled

0.37% up. Spread yesterday traded in the range of 621 -

687.

MONTH RATE APRIL MAY JUNE MONTH RATE APRIL JUNE

APRIL 4744 50 96 APRIL 425.3 5.75

MAY 4794 46 JUNE 431.05

JUNE 4840

DAILY SPREAD IN CRUDE - MCX DAILY SPREAD IN COPPER - MCX

Sprea etween cru e MAR & APR contracts yester ay

ended at 50, we have seen yesterday that the crude

market had traded with a positive node and settled 1.16%

up. Spread yesterday traded in the range of 50 - 61.

DAILY SPR EAD IN ZINC - MCX

Sprea etween copper APR & JUN contracts yester ay

ended at 5.75, we have seen yesterday that the copper

market had traded with a positive node and settled

0.41% up. Spread yesterday traded in the range of 5.7 -

6.

DAILY SPR EAD IN NI CKEL - MCXARKET

MONTH MONTH

APRIL 105.5 1.25 APRIL 1177.5 8.2

MAY 106.75 MAY 1185.7

Spread between zinc APR & MAY contracts yesterday

ended at 1.25, we have seen yesterday that the zincmarket had traded with a positive node and settled 0.28%

up. Spread yesterday traded in the range of 1 - 1.75.

Spread between nickel APR & MAY contracts yesterday

ended at 8.20, we have seen yesterday that the nickelmarket had traded with a positive node and settled

0.14% up. Spread yesterday traded in the range of 8.20 -

9.4.PREAD

MONTH RATE APRIL MAY MONTH RATE APRIL MAY

APRIL 197.4 4.9 APRIL 1078.2 -115.4

MAY 202.3 MAY 962.8

S read between natural as APR & MAY contracts S read between menthol oil APR & MAY contracts

DAILY SPREAD I N MENTHOL - MCXDAILY SPREAD IN N AT. GAS - MCX

yesterday ended at 4.90, we have seen yesterday that the

natural gas market had traded with a positive node and

settled 0.86% up. Spread yesterday traded in the range of3.4 - 5.

yesterday ended at -115.40, we have seen yesterday that

the menthol oil market had traded with a negative node

and settled -1.61% down. Spread yesterday traded in therange of -136.8 to -115.4.

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