Share Tips Expert Commodity Report 25032011 (1)

8/6/2019 Share Tips Expert Commodity Report 25032011 (1)

1/8

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


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


-

. .

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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2/8

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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3/8

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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4/8

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.



5/8

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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6/8

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


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


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


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.



7/8

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


percent.


8/8

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errors of any kind even though we have taken utmost care in obtaining the information from sources which are believed to be

reliable, which are publicly available. The information contained herein is strictly confidential and is meant for the intended

recipients. Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of the

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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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