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Share Tips Experts Commodity Report as on 06052011

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NAME OPEN HI GH L OW 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 Page No. 1 www.sharetipsexpert.com 4603350 Strictly for private circulation COPPER ZINC NICKEL LEAD ALUMINIUM 467450 822225 116364 311450 Crude oil yesterday ended lower as investors staged an unp reced ented sta mpede for the exi ts. Nat ura l gas ext ende d loss es 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 dro p in dol lar ter ms sin ce the Hunt Br ot her s price sque eze, draggin g gold over 3 perc ent lower as pani c selling snowballed across the commodities sector. SPOT $ MCX
Transcript

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

Page No. 1www.sharetipsexpert.com

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.

Strictly for private circulation www.sharetipsexpert.com Page No. 3

122223

OI

22845

RE CNG

-10.6

INTRADAY LEVELS

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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

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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.

Strictly for private circulation www.sharetipsexpert.com Page No. 6

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.

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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

Strictly for private circulation www.sharetipsexpert.com Page No. 3

   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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CARROTINVESTMENT

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

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

information without prior consent of SHARETIPSEXPERT GROUP is prohibited. The information and data are derived from the

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

and jurisdictions. All futures trading entail significant risk, which should be fully understood prior to trading.


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