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8/6/2019 Share Tips Experts Commodity Report as on 06052011
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NAME OPEN HIGH LOW CLOSE % CNG
GOLD 22169 22209 21702 22131 -1.81
SILVER 59849 60080 54800 60046 -8.61
GOLD 1474.2 1490.1 1470.6 1475 0.89
SILVER 34.85 35.62 34.29 34.85 0.4
PLATINUM 1767 1794.49 1754.75 1795.75 1.83
NAME OPEN HIGH LOW CLOSE % CNG
CRUDE 4869 4879 4535 4577 -6.51
N.GAS 205.7 205.7 194.1 206.5 -6.12
CRUDE 108.78 109.38 98.25 99.80 -8.255194
NAME OPEN HIGH LOW CLOSE % CNG
COPPER 412.45 412.45 398.6 412.55 -2.64
ZINC 97.9 98.1 94.05 98.35 -3.42
NICKEL 1158 1158 1107.8 1157.8 -3.99
LEAD 110.1 110.45 103.9 110.55 -5.94
ALUMINIUM 121.7 122.2 117.55 122.4 -3.42
COPPER 8787 8883 8780 8795 0.75 3525
ZINC 2125 2142 2111 2116 0.9 -125
NICKEL 24600 2669 24600 24525 1.57 -12
LEAD 2308 2320 2296.25 2305.25 0.3 400
ALUMINIUM 2639.5 2320 2635 2639 0.61 -2650
SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX
18383.85 5500.9 2375.21 1335.1 8397.4 12584.17 9833.3 2865.77 2136 23123.14 74.13
0.95 0.74 -0.52 -0.91 -1.28 -1.1 -1.74 -0.23 -2.02 -0.58 -0.12
GLOBAL MARKETS UPDATE
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4603350
Strictly for private circulation
COPPER
ZINC
NICKEL
LEAD
ALUMINIUM
467450
822225
116364
311450
Crude oil yesterday ended lower as investors staged an
unprecedented stampede for the exits. Natural gas
extended losses tumbling to a two-week low after the
U.S. Energy Information Administration said natural gas
inventories rose more-than-expected last week.
BASEMETAL COMPLEX
The entire base metals counter yesterday nosedived as
fears about sputtering global growth and growing inflation
risk triggered a crash.
LME STOCK
SPOT $
MCX
LM E
MCX
Daily Commodity Market Update as on Friday, May 06, 2011
PRECIOUS METALS COMPLEX
ENERGY COMPLEX
Silver plunged more than 10 percent its biggest one-day
drop in dollar terms since the Hunt Brothers price
squeeze, dragging gold over 3 percent lower as panic
selling snowballed across the commodities sector.SPOT $
MCX
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P.P. 21883
SUP 1 RES 1
21557 22064
SUP 2 RES 2
21376 22390
SUP 3 RES 3
21050 22571
P.P. 56722
SUP 1 RES 1
53365 58645
SUP 2 RES 2
51442 62002
SUP 3 RES 3
48085 63925
132514
-8.61
M C X
G O L D F U T U R
E
LOW
M C X S
I L V E R F U T U R
E
50717
OI
% CNG
VOLUME
54800
RE CNG
Strictly for private circulation
Silver dropped more than 10% on Thursday, its biggest one-day drop in dollar terms and -8.61%
that settled at 55287 on MCX, since the Hunt Brothers price squeeze as panic selling snowballed
across the commodities sector. Silver has now lost 30% this week, well above the conventional
criteria of 20% for a bear market, since it surged to a record high near $50 an ounce last Thursday.
Silver's plunge for a fifth day led the decline in commodities. Speculators in the silver futures market
were forced to liquidate positions after the CME raised margins five times in under two weeks, an
84% rise in trading costs that has helped provoke a nearly unprecedented sell-off. Now technically
market is trading in the range as RSI for 18days is currently indicating 36.63, where as 50DMA is at
60040.6 and silver is trading below the same and getting support at 53365 and below could see a
test of 51442 level, And resistance is now likely to be seen at 58645, a move above could see prices
RE CNG
-4759
INTRADAY LEVELS
60046
% CNG
www.sharetipsexpert.com Page No. 2
OI
14021
CLOSE
INTRADAY LEVELS
VOLUME
60080
12501
LOW
21702
OPEN
22169
HIGH
22209
OPEN
59849
HIGH
CLOSE
22131
Gold decline as some investors sell after the metal’s rally to a record and as other commodities drop,
also pressure seen after European Central Bank President Jean-Claude Trichet sounded less hawkishthan expected on euro zone interest rates and after official data showed U.S. initial jobless claims
jumped to an eight-month high last week. Shanghai Gold Exchange also raised margin
requirements. SPDR Gold Trust, said its holdings extended losses and fell 0.9 percent to 1,208.419
tonnes by May 5, from 1,219.94 tonnes on May 4. The holdings hit a record at 1,320.436 tonnes on
June 29 of last year.Now technically market is trading in the range as RSI for 18days is currently
indicating 48.74, where as 50DMA is at 21472.9 and gold is trading above the same and getting
support at 21557 and below could see a test of 21376 level, And resistance is now likely to be seen
at 22064, a move above could see prices testing 22390.
-393
-1.81
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P.P. 4664
SUP 1 RES 1
4448 4792
SUP 2 RES 2
4320 5008
SUP 3 RES 3
4104 5136
P.P. 404.3
SUP 1 RES 1
396.2 410.1
SUP 2 RES 2
390.5 418.2
SUP 3 RES 3
382.4 423.9
M C X
C R U D E F U T U R E
OPEN
412.45
HIGH
412.45LOW
398.6
CLOSE
412.55
OPEN
-298
INTRADAY LEVELSCrude eased below $100 a barrel on Thursday seen a biggest sell off of almost -6.51 finally settled at
4577 for the first time since March as a commodities sell-off continued amid persistent worries abouteconomic growth and tighter monetary policies. The decline came after early selling stoked by data
showing the number of Americans filing for jobless benefits rose to an eight-month high last week
and productivity growth slowed in the first quarter. Additional pressure came from news that OPEC is
considering raising formal output limits when it meets in June to convince oil markets it wants to
bring prices down and reverse the impact of fuel inflation on economic growth. Now technically
market is trading in the range as RSI for 18days is currently indicating 33.29, where as 50DMA is at
4848 and crude is trading below the same and getting support at 4448 and below could see a test of
4320 level, And resistance is now likely to be seen at 4792, a move above could see prices testing
M C X C
O P P E R F U T U R
E
4869
HIGH
4879
LOW
4535CLOSE
4577
% CNG
-6.51
VOLUME
181065
OI
12180
RE CNG
% CNG
-2.64
VOLUME
Copper dropped more than 3% that is -2.64% down at 401.95 to its lowest level since December as
fears about sputtering global growth and growing inflation risk triggered a vicious cross-commodity
crash. Tepid economic data from top metal consumers the United States and China, as well as in
Europe, have stoked concerns about global growth and the impact on demand for base metals.
German industrial orders unexpectedly fell in March while U.S. weekly jobless claims hit eight-month
highs, and productivity growth slowed. Base metals fundamentals also pointed to faltering demand,
with data on Thursday showing a large 3,525-tonne build in copper inventories, with big inflows into
south Asian locations. For today's session market is looking to take support at 396.2, a break below
could see a test of 390.5 and where as resistance is now likely to be seen at 410.1, a move above
could see prices testing 418.2.
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122223
OI
22845
RE CNG
-10.6
INTRADAY LEVELS
8/6/2019 Share Tips Experts Commodity Report as on 06052011
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P.P. 95.8
SUP 1 RES 1
93.4 97.5
SUP 2 RES 2
91.7 99.8
SUP 3 RES 3
89.4 101.5
P.P. 1126
SUP 1 RES 1
1095 1145
SUP 2 RES 2
1076 1177
SUP 3 RES 3
1045 1195
M C X
Z I N C F U T U R
E
OPEN
97.9
HIGH
98.1
LOW
94.05CLOSE
98.35
% CNG
-3.42
VOLUME
27281
OI
10055
RE CNG
-3.25
M C X N
I C K E L F U T U R
EOPEN
1158
HIGH
1158LOW
1108
CLOSE
1157.8
% CNG
-3.99
VOLUME
49122
OI
5796
RE CNG
-44.4
INTRADAY LEVELSNickel yesterday traded with the negative node and settled -3.99% down at 1113.4 as commodity
price slump overnight further added investors concern over global economy outlook. LME nickel
prices fell sharply by USD 1,200/mt or by 4.7% to close at USD 24,525/mt. LME nickel prices fell
below USD 25,000/mt to reach the level last seen in early January 2011. Thursday's data from
Germany Economics Ministry showed, industrial orders in March slipped by 4.0% from a month
earlier, while the previous estimation was a growth of 0.1%. Comments by the PBoC in its quarterly
monetary policy report reiterated its dedication to easing inflation through various tightening tools.
For today's session market is looking to take support at 1094.8, a break below could see a test of
1076.2 and where as resistance is now likely to be seen at 1145, a move above could see prices
testing 1176.6.
www.sharetipsexpert.com Page No. 4
INTRADAY LEVELSZinc yesterday traded with the negative node and settled -3.42% down at 95.1 tracking LME zinc
prices which overnight opened below USD 2,200/mt. Since German industrial orders for March fell by
4.0%, and China is expected to continue tightening monetary policies, LME zinc prices fell further.
Later, the number of US preliminary jobless claims for the week ending April 30th unexpectedly rose
by 430,000, to 474,000, the highest level since August 2010, improving worries about global
economic growth. LME zinc prices once plummeted to USD 2,100/mt, and pared some losses at the
end of trading to close at USD 2,116/mt, down USD 84/mt. For today's session market is looking to
take support at 93.4, a break below could see a test of 91.7 and where as resistance is now likely to
be seen at 97.5, a move above could see prices testing 99.8.
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P.P. 119.4
SUP 1 RES 1
116.5 121.2
SUP 2 RES 2
114.7 124.0
SUP 3 RES 3
111.9 125.8
P.P. 198.1
SUP 1 RES 1
190.6 202.2
SUP 2 RES 2
186.5 209.7
SUP 3 RES 3
179.0 213.8
M C X A L U M I N I U M F U
T U R
OPEN
121.7
HIGH
122.2
M C X N A
T . G
A S
F U T U R E
OPEN
205.7
HIGH
205.7
% CNG
VOLUME
29505
OI
3138
RE CNG
INTRADAY LEVELSAluminium yesterday traded with the negative node and settled -3.42% down at 118.35 as both BOE
and ECB announced to keep interest rates unchanged as market expected. Later, the US LaborDepartment announced that the initial claims for jobless benefits soared to 474,000 in the week
ending April 30th, setting a new high since August 2010, an indication of deteriorating job markets
in the US. In addition, the global inflationary pressure kept rising, and the economic growth slowed
down, both helping hamper the recovery in demand. As a result commodity markets experienced
large-scale sell-offs, and LME aluminum prices tumbled continuously to below 30-day moving
average after opening lower, with prices hitting an intraday low of USD 2,621.8/mt. For today's
session market is looking to take support at 116.5, a break below could see a test of 114.7 and
where as resistance is now likely to be seen at 121.2, a move above could see prices testing 124.
-11.9
INTRADAY LEVELSNatural gas yesterday traded with the negative node and settled -6.12% down at 194.6 pressured
by a crumbling crude market and a government report showing a weekly inventory build above
market expectations for the first time in four weeks. Market were expecting a lower (EIA build)
number, and gas got pulled into the broad commodity sell-off seen.The U.S. EIA said in its weekly
report that natural gas storage in the U.S. in the week ended April 29 rose by 72 bcf, after
increasing by 31 bcf in the preceding week. Total U.S. natural gas storage stood at 1.757 trillion
cubic feet. Stocks were 226 bcf less than last year at this time and 17 billion cubic feet below the
five-year average of 1.774 trillion cubic feet for this time of year. For today's session market is
looking to take support at 190.6, a break below could see a test of 186.5 and where as resistance is
now likely to be seen at 202.2, a move above could see prices testing 209.7.
Page No. 5
-4.05
LOW
117.55CLOSE
122.4
% CNG
-3.42
www.sharetipsexpert.comStrictly for private circulation
3965
RE CNG
LOW
OI
VOLUME
5714
194.1
CLOSE
206.5
-6.12
8/6/2019 Share Tips Experts Commodity Report as on 06052011
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MONTH RATE JUNE AUG OCT MONTH RATE JULY SEPT DEC
JUNE 21738 277 638 JULY 55287 490 1158
AUG 22015 361 SEPT 55777 668OCT 22376 DEC 56445
MONTH RATE MAY JUNE JULY MONTH RATE JUNE AUG
MAY 4577 66 114 JUNE 401.95 5.1
JUNE 4643 48 AUG 407.05
JULY 4691
MONTH RATE MAY JUNE MONTH RATE MAY JUNE
MAY 95.1 1.2 MAY 1113.4 9.5
JUNE 96.3 JUNE 1122.9
MONTH RATE MAY JUNE MONTH RATE MAY JUNE
MAY 194.6 5 MAY 988.6 -69.3
JUNE 199.6 JUNE 919.3
Spread between natural gas MAY & JUN contracts
yesterday ended at 5.00, we have seen yesterday that the
natural gas market had traded with a negative node and
settled -6.12% down. Spread yesterday traded in therange of 4.6 - 5.3.
Spread between menthol oil MAY & JUN contracts
yesterday ended at -69.30, we have seen yesterday that
the menthol oil market had traded with a negative node
and settled -3.49% down. Spread yesterday traded in therange of -83 to -69.3.
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Spread between copper JUN & AUG contracts yesterday
ended at 5.1, we have seen yesterday that the copper
market had traded with a negative node and settled -
2.64% down. Spread yesterday traded in the range of
4.75 - 5.55.
Spread between zinc MAY & JUN contracts yesterday
ended at 1.2, we have seen yesterday that the zincmarket had traded with a negative node and settled -
3.42% down. Spread yesterday traded in the range of 1.2
2.
Spread between nickel MAY & JUN contracts yesterday
ended at 9.50, we have seen yesterday that the nickelmarket had traded with a negative node and settled -
3.99% down. Spread yesterday traded in the range of
7.80 - 9.5.
DAILY SPR EAD IN NICKEL - MCX
DAILY SPREAD IN NAT. GAS - MCX
Spread between Gold JUN & AUG contracts yesterday
ended at 277, we have seen yesterday that the gold
market had traded with a negative node and settled -
1.81% down. Spread yesterday traded in the range of 277
- 294.
DAILY SP READ IN COPPER - MCX
DAILY SPR EAD IN MENTHOL - MCX
ACTIVE SPREAD UPDATE
DAILY SPREAD IN ZINC - MCX
DAILY SPREAD IN CRUDE - MCX
DAILY SPREAD IN GOLD - MCX DAILY SPREAD IN SILVER - MCX
S P R E A D M A R K E T
Spread between Silver JUL & SEP contracts yesterday
ended at 490, we have seen yesterday that the silver
market had traded with a negative node and settled -
8.61% down. Spread yesterday traded in the range of
442 - 562.
Spread between crude APR & MAY contracts yesterday
ended at 66, we have seen yesterday that the crude
market had traded with a negative node and settled -
6.51% down. Spread yesterday traded in the range of 42
98.
8/6/2019 Share Tips Experts Commodity Report as on 06052011
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DAY TIME CURRENCY Fo re cast P re viou s
12:15pm EUR 0 -28.0B
12:15pm EUR -6.2B -6.6B
3:30pm EUR 0.006 0.016
5:00pm USD 0 0
6:00pm USD 185K 216K
6:00pm USD 0.088 0.088
6:00pm USD 0.002 0
7:30pm USD 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
German Industrial Production m/ m
FOMC Member Yellen SpeaksNon-Farm Employment Change
Unemployment Rate
French Trade Balance
E C O N O M I
C A L
D A T A
Fr i
French Gov Budget Balance
DATA
Average Hourly Earnings m/ m
FOMC Member Dudley Speaks
0
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N E W S Y O U C A
N
U S E
If estimates of The Association of Natural Rubber Producing Countries (ANRPC) are to be believed, Rubber producerscan rejoice and consumers are set to pay more for the rubber products. The ANRPC report says Rubber production
this year could be around 10.025 million tonnes, lower than an earlier forecast of 10.060 million tones. ANRPC uses
only official sources for gathering updated trends from the 11 countries which are its members and account for more
than 92% of the commodity’s global supply. Countries which forms ARRPC are Cambodia, China, India, Indonesia,
Malaysia, Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand and Vietnam, which accounts for more than
95 per cent 2011 supply of Rubber from these rubber producing countries are likely to fall by around 0.4 per cent
mainly because of a revision of estimates in Thailand, major contributor to rubber. Thailand revised from 3.375
million tonnes in 2011 from an earlier forecast of 3.430 million tones.
Food inflation eases to 8.53% on cheaper pulses : Food inflation fell to 8.53 per cent for the week ended April 23 on
the back of fall in prices of pulses, reversing the upward trend seen in the previous fortnight.Food inflation in the
previous week was 8.76 per cent. The latest numbers are likely to come as a relief to the Government and the RBI,especially at a time when the central bank’s monetary policy for the fiscal, released earlier this week, was almost
exclusively focused on fighting price rise.Food inflation stood at 20.91 per cent during the corresponding week last
year. During the week under review, wholesale prices of pulses declined by 7.39 per cent on a year-on-year
basis.However, all other commodities witnessed a rise in prices. Cereals became dearer by 4.42 per cent year-on-
year, with rice and wheat becoming more expensive by 2.08 per cent and 0.06 per cent, respectively. Vegetables
prices were overall up by 3.44 per cent. Potatoes became dearer by 0.27 per cent on an annual basis and onions
were up by 16.09 per cent. Fruits and protein-based items continued to become more costly. Fruits became dearer
by 32.69 per cent year-on-year, while milk was up by 5.16 per cent and eggs, meat and fish by 5.13 per cent. The
rate of price rise of non-food primary articles was 27.84 per cent. Fibres became more expensive by 85.58 per cent
year-on-year, while fuel and power was up by 13.53 per cent and petrol by 21.81 per cent. The high price rise of
food items was one of the reasons for inflationary pressure last fiscal. However, the Government had exuded
confidence that food inflation would moderate in the months to come on account of the record crop of wheat and
Indian cash rates fell on Thursday as demand for funds eased, but traders expect it to climb beyond the repo rate on
Monday when banks begin to borrow for the new reporting fortnight beginning Saturday. the one-day inter-bank cash
rate was at 6.70/6.75 percent, lower than its previous close of 6.80/6.85 percent. Next week, liquidity is going to be
a little tighter. The call rate will move slightly beyond the repo. Liquidity is likely to tighten next week on the back of
outflows related to cash management bills auctions later in the day and the government's 120 billion rupees debt sale
on Friday. The government will sell 77-day cash management bills for 60 billion rupees via a multiple price-based
auction. Demand for funds also eased as banks had covered their positions earlier in the week before the central
bank's monetary policy on Tuesday.
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The report and calls made herein are for general information purpose and report contains only the viewpoints. We make norepresentation or warranty regarding the correctness, accuracy or completeness of any information, and are not responsible for
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