Share Tips Experts Commodity Report as on 10052011

8/6/2019 Share Tips Experts Commodity Report as on 10052011

1/8

NAME OPEN HIGH LOW CLOSE % CNG

GOLD 21930 22080 21917 21880 0.55

SILVER 55305 57770 54461 54919 3.83

GOLD 1508.8 1512.85 1507.6 1511.65 0

SILVER 37.69 37.91 37.33 37.7 0.29

PLATINUM 1790.99 1801 1784.75 1797.25 0.32


CRUDE 4420 4575 4407 4541 2.75

N.GAS 192.5 193.4 186.2 192.6 -2.94

CRUDE 98.11 103.40 97.42 102.55 4.525533


COPPER 400.9 406.45 400.25 399.9 0.52

ZINC 97.4 97.9 96.2 96.8 0.31

NICKEL 1115 1127.4 1092.6 1110.9 -0.57

LEAD 105.75 105.85 103.35 104.75 -1.06

ALUMINIUM 117.3 117.65 115.65 116.7 0

COPPER 8932 8970.25 8835.5 8888.75 0.79 1425

ZINC 2175 2184.75 2155 2176.5 0.37 -350

NICKEL 24600 2619.75 24500 24600 0.65 -372

LEAD 2301.5 2330 2301 2309.5 0.69 1025

ALUMINIUM 2616.25 2330 2605 2619 -0.04 -3450

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

18539.38 5548.8 2390.97 1346.29 8478.19 12684.68 9785.22 2881.57 2139.17 23336 74.75

0.06 -0.04 0.33 0.45 0.62 0.36 -0.08 0.32 0 0.76 0.01

GLOBAL MARKETS UPDATE

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4596875

Strictly for private circulation

COPPER

ZINC

NICKEL

LEAD

ALUMINIUM

468600

823025

115872

312475

Crude rose as the dollar's weakness helped oil rebound

after a dramatic five-session fall. Saudi Arabia will keep

crude oil supplies in June unchanged from May, amid

volatile prices and ahead of an OPEC meeting in June to

review the producer group's supply policy. Natural gas

turned lower as market participants bet that mild weather

in the coming weeks would curb demand for the heating

and power-plant fuel.

BASEMETAL COMPLEX

Base metal yesterday traded in the range and ended

mixed. Copper gained more in all metals buoyed by

investors looking to purchase copper at reduced prices in

the wake of last week's declines. While lead and nickel

ended in red territory.

LME STOCK

SPOT $

MCX

LM E

MCX

Daily Commodity Market Update as on Tuesday, May 10, 2011

PRECIOUS METALS COMPLEX

ENERGY COMPLEX

Gold and silver rose sharply driven by resurgent inflation

concerns after oil and grains prices rallied, and as a

ratings downgrade of Greece boosted safe-haven buying.SPOT $

MCX


2/8

P.P. 21999

SUP 1 RES 1

21918 22081

SUP 2 RES 2

21836 22162

SUP 3 RES 3

21755 22244

P.P. 56446

SUP 1 RES 1

55123 58432

SUP 2 RES 2

53137 59755

SUP 3 RES 3

51814 61741

108467

3.83

MCX

GOLDFUTUR

E

LOW

MCXS

ILVERFUTUR

E

28370

OI

% CNG

VOLUME

54461

RE CNG


Silver rose as much as +3.83% settled at 57108 on MCX and extended gains into a third consecutive

session, aided by growing concerns over Greece's debt crisis. S&P's cut Greece's credit rating further

into junk territory, reflecting growing doubts that the euro zone's most fragile economy can manage

its debt without imposing losses on private bond holders. Silver tumbled more than 25% last week,

triggering a sell-off in commodities, after the CME Group raised margins on COMEX silver by 84% in

just two weeks. Some investors have returned to the market after the sharp fall to hunt for

bargains. Holdings in the iShares Silver Trust, jumped 3% on the day to 10,253.75 tns, after

suffering an exodus of $1 billion in the week ended last Wednesday. Now technically market is

trading in the range as RSI for 18days is currently indicating 41.44, where as 50DMA is at 60104.86

and silver is trading below the same and getting support at 55123 and below could see a test of

RE CNG

2189

INTRADAY LEVELS

54919

% CNG

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OI

14314

CLOSE

INTRADAY LEVELS

VOLUME

57770

12867

LOW

21917

OPEN

21930

HIGH

22080

OPEN

55305

HIGH

CLOSE

21880

Gold extended gains and settled up by marginally 0.55% at 22000 on a weaker dollar, after suffering

its worst weekly loss since 2009, while U.S. silver futures rose nearly 3 percent as investors tookadvantage of last week's free fall in prices to enter the market. Precious metals were supported by

softer dollar, which edged down 0.4% against a basket of currencies after hitting a 2-1/2-week high

on Friday following unexpectedly strong U.S. employment numbers and a media report on the

possibility of Greece quitting euro zone. On this week's data schedule, the US is due to release its

April consumer price data, which may shed light on the future moves in monetary policy by the

central bank, as market speculation mounts on what the Fed Res might do after the stimulus

package rolls off in June. Now technically market is trading in the range as RSI for 18days is

currently indicating 53.73, where as 50DMA is at 21511.02 and gold is trading above the same and

120

0.55


3/8

P.P. 4508

SUP 1 RES 1

4440 4608

SUP 2 RES 2

4340 4676

SUP 3 RES 3

4272 4776

P.P. 402.9

SUP 1 RES 1

399.4 405.6

SUP 2 RES 2

396.7 409.1

SUP 3 RES 3

393.2 411.8

MCX

CRUDEFUTURE

OPEN

400.9

HIGH

406.45LOW

400.25

CLOSE

399.9

OPEN

125

INTRADAY LEVELSCrude rose by 2.75% and settled at 4541, as the dollar's weakness helped oil rebound after a

dramatic five-session fall that pulled crude below the $100 a barrel. Strong private sector hiringevident in the U.S. April nonfarm payrolls report released on Friday, along with the dollar's slip,

helped oil prices find support after last week's slide left U.S. crude futures with its biggest ever

weekly loss, in dollar terms, and the largest in terms of percentage since December 2008. But Crude

prices can tumbled as CM group can raised crude futures margins by 25 percent following volatile

trading in recent sessions, while Greek woes pulled the euro down to a six-week low against the yen

on Tuesday. Now technically market is trading in the range as RSI for 18days is currently indicating

37.11, where as 50DMA is at 4827.58 and crude is trading below the same and getting support at

4440 and below could see a test of 4340 level, And resistance is now likely to be seen at 4608, a

MCXC

OPPERFUTUR

E

4420

HIGH

4575

LOW

4407CLOSE

4541

% CNG

2.75

VOLUME

142853

OI

9741

RE CNG

% CNG

0.52

VOLUME

Copper yesterday traded with the positive node and settled 0.52% up at 402 rebounding from a five

month low, after Goldman Sachs Group Inc. said commodities may recover from an 11 percent

slump last week. The Standard & Poors GSCI Index of 24 raw materials rose as much as 4.1

percent. Given the magnitude of the pullback, it does create an opportunity for more upside

potential, Goldman Sachs said. A month ago, the bank told investors they should be underweight

in commodities. Copper fell 4.9 percent last week. Copper prices will continue to experience

fluctuations this week as US economic data to be released this week is expected to remain positive,

which will support copper prices. However, China will continue its tightening monetary policy as

inflationary pressures remain high. In yesterday's trading session copper has touched the low of

400.25 after opening at 400.9, and finally settled at 402. For today's session market is looking to

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93299

OI

22843

RE CNG

2.1

INTRADAY LEVELS


4/8

P.P. 97.1

SUP 1 RES 1

96.2 97.9

SUP 2 RES 2

95.4 98.8

SUP 3 RES 3

94.5 99.6

P.P. 1108

SUP 1 RES 1

1089 1124

SUP 2 RES 2

1073 1143

SUP 3 RES 3

1054 1159

MCX

ZINCFUTUR

E

OPEN

97.4

HIGH

97.9

LOW

96.2CLOSE

96.8

% CNG

0.31

VOLUME

16363

OI

8693

RE CNG

0.3

MCXN

ICKELFUTUR

EOPEN

1115

HIGH

1127LOW

1093

CLOSE

1110.9

% CNG

-0.57

VOLUME

43913

OI

6626

RE CNG

-6.3

INTRADAY LEVELSNickel yesterday traded with the negative node and settled -0.57% down at 1104.6 tracking LME

nickel futures for delivery in three months opened at $24,510/mt and closed at $24,600/mt, up by

$100/mt from a day earlier, with the highest price at $25,031/mt and the lowest price at

$24,231/mt. Daily trading volumes were 2,282 lots, down by 2,270 lots. LME base metal prices

largely ended with gains on Monday, as weakening US dollar and dip-buying supported base metal

prices to rebound. However, downward adjustment of Greek credit rating intensified investors'

concern over slower economy growth, forcing base metal prices to pare early gains in the evening

trading hours. LME nickel prices largely fluctuated between $24,200-25,000/mt overnight, and

closed with slight gains. For today's session market is looking to take support at 1089, a break below

could see a test of 1073.4 and where as resistance is now likely to be seen at 1123.8, a move above

www.sharetipsexpert.com Page No. 4

INTRADAY LEVELSZinc yesterday traded with the positive node and settled 0.31% up at 97.1 tracking LME zinc prices

which moved between $2,140-2,200/mt yesterday. Later, Standard & Poors cut Greeces credit

rating to B from BB- and kept its outlook negative as investor expectations of a debt restructuring

continue to rise. As a result, the US dollar index strengthened to 75 in European trading hours,

helping limit any gains in LME zinc prices. LME zinc prices failed to break through $2,200/mt after

several attempts, and finally closed at $2,176/mt, up $30/mt. In yesterday's trading session zinc

has touched the low of 96.2 after opening at 97.4, and finally settled at 97.1. For today's session

market is looking to take support at 96.2, a break below could see a test of 95.4 and where as

resistance is now likely to be seen at 97.9, a move above could see prices testing 98.8.



5/8

P.P. 116.7

SUP 1 RES 1

115.7 117.7

SUP 2 RES 2

114.7 118.7

SUP 3 RES 3

113.7 119.7

P.P. 188.9

SUP 1 RES 1

184.4 191.6

SUP 2 RES 2

181.7 196.1

SUP 3 RES 3

177.2 198.8

MCXALUMINIUMFU

TUR

OPEN

117.3

HIGH

117.65

MCXNA

T.G

AS

FUTURE

OPEN

192.5

HIGH

193.4

% CNG

VOLUME

15909

OI

3132

RE CNG

INTRADAY LEVELSAluminium yesterday traded with the range bound node and settled 0.1% flat at 116.7 as pressure

seen after S&Ps cut Greeces credit rating to B from BB- and kept its outlook negative as investorexpectations of a debt restructuring continue to rise. Meanwhile, Standard & Poors was certain that

no member would withdraw from the Euro zone. LME aluminum prices climbed to USD 2,640/mt in

Asian trading hours after opening slightly higher at USD 2,612/mt. Later, the weakening euro helped

boost the US dollar index, and LME aluminum prices fluctuated lower in response, and later even

accelerated declines as S&Ps cut Greeces credit rating. However, crude oil prices held steady above

USD 100/bbl at the tail of trading on the NYMEX, helping boost LME aluminum prices, with LME

prices finally closing at USD 2,619/mt, up USD 9/mt. For today's session market is looking to take

support at 115.7, a break below could see a test of 114.7 and where as resistance is now likely to be

-5.5

INTRADAY LEVELSNatural gas yesterday traded with the negative node and settled -2.94% down at 187.1 dropped for

a sixth day, the longest losing streak in a month, on speculation that rising production will outpace

demand. Natural gas for June delivery fell 8.1% to settle at $4.154 per mBtu on the NYMEX, the

lowest settlement price since April 18. The futures have declined 5.7 percent this year. The last time

gas dropped six straight days was the period starting April 1. New York Weather is below-normal

temperatures are likely across most of the eastern half of the U.S. from May 14 through May 18,

according to Commodity Weather Group LLC in Bethesda, Maryland. The cooler-than-normal weather

may reduce air-conditioning use, crimping the demand for gas in power plants. In yesterday's

trading session natural gas has touched the low of 186.2 after opening at 192.5, and finally settled

at 187.1. For today's session market is looking to take support at 184.4, a break below could see a

Page No. 5

0

LOW

115.65CLOSE

116.7

% CNG

0

www.sharetipsexpert.comStrictly for private circulation

3842

RE CNG

LOW

OI

VOLUME

4062

186.2

CLOSE

192.6

-2.94


6/8

MONTH RATE JUNE AUG OCT MONTH RATE JULY SEPT DEC

JUNE 22000 289 664 JULY 57108 658 1179

AUG 22289 375 SEPT 57766 521OCT 22664 DEC 58287

MONTH RATE MAY JUNE JULY MONTH RATE JUNE AUG

MAY 4541 61 108 JUNE 402 5.4

JUNE 4602 47 AUG 407.4

JULY 4649

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 97.1 1.3 MAY 1104.6 10.7

JUNE 98.4 JUNE 1115.3

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 187.1 4.6 MAY 955.5 -46.4

JUNE 191.7 JUNE 909.1

Spread between natural gas MAY & JUN contracts

yesterday ended at 4.60, we have seen yesterday that the

natural gas market had traded with a negative node and

settled -2.94% down. Spread yesterday traded in therange of 4.6 - 5.

Spread between menthol oil MAY & JUN contracts

yesterday ended at -46.40, we have seen yesterday that

the menthol oil market had traded with a negative node

and settled -0.74% down. Spread yesterday traded in therange of -57 to -42.8.


Spread between copper JUN & AUG contracts yesterday

ended at 5.4, we have seen yesterday that the copper

market had traded with a positive node and settled

0.52% up. Spread yesterday traded in the range of 5.4 -

8.1.

Spread between zinc MAY & JUN contracts yesterday

ended at 1.3, we have seen yesterday that the zincmarket had traded with a positive node and settled 0.31%

up. Spread yesterday traded in the range of 1 - 1.35.

Spread between nickel MAY & JUN contracts yesterday

ended at 10.70, we have seen yesterday that the nickelmarket had traded with a negative node and settled -

0.57% down. Spread yesterday traded in the range of

10.50 - 14.6.

DAILY SPR EAD IN NICKEL - MCX

DAILY SPREAD IN NAT. GAS - MCX

Spread between Gold JUN & AUG contracts yesterday

ended at 289, we have seen yesterday that the gold

market had traded with a positive node and settled 0.55%

up. Spread yesterday traded in the range of 281 - 304.

DAILY SPREAD 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

SPREADMARKET

Spread between Silver JUL & SEP contracts yesterday

ended at 658, we have seen yesterday that the silver

market had traded with a positive node and settled

3.83% up. Spread yesterday traded in the range of 596 -

658.

Spread between crude APR & MAY contracts yesterday

ended at 61, we have seen yesterday that the crude

market had traded with a positive node and settled 2.75%

up. Spread yesterday traded in the range of 55 - 66.


7/8

DAY TIME CURRENCY Fo re cast P re viou s

12:15pm EUR 0.005 0.004

1:30pm EUR 0.006 0.014

6:00pm USD 0.018 0.027

7:00pm USD 0 0

7:30pm USD 41.5 40.8

7:30pm USD 0.01 0.01

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 0 0

0

0

0

0

Import Prices m/ m

FOMC Member Duke SpeaksIBD/ TIPP Economic Optimism

Wholesale Inventories m/ m

Italian Industrial Production m/ m

ECONOMI

CAL

DATA

Tue

French Industrial Production m/ m

DATA

0

0

0


NEWSYOUCA

N

USE

Platinum is drawing investment as a financial asset and palladium boasts an enviable market balance but silver couldtop the precious pack this year as its latest fall offers a chance to buy, GFMS's Philip Klapwijk said. The managing

director of the metals consultancy, which on Thursday released its 2010 Platinum and Palladium market survey, said

that once the current price decline from last week's record above $49 an ounce has petered out, silver has enough

favour among investors to return to these levels. The silver price , which is still up about 22 percent so far this year

at $38 an ounce, is set for its largest weekly decline in nearly 30 years, led by selling after a series of sharp rises in

margin requirements to hold US silver futures, as well as hefty outflows of metal from the world's largest exchange-

traded funds. GFMS expects platinum to show a seventh consecutive annual surplus in 2011 as jewellery demand

softens and consumption from the auto sector continues to depend on the struggling European market, which is

predominantly diesel-powered.

Goldman Sachs , which in April predicted this week's major correction in oil prices, said on Friday that oil could

surpass its recent highs by 2012 as global oil supplies continue to tighten. The Wall Street bank, seen as one of the

most influential in commodities business, said it did not rule out a further limited short-term fall in oil prices if macro-

economic data, which it said had sparked this week's crash, continued to disappoint. Goldman rocked markets in April

by calling a nearly $20 fall in Brent, saying speculators had pushed prices ahead of fundamentals. Goldman was one

of the first banks to predict $100 oil last decade, in 2005 when prices were closer to $50 a barrel, but it stayed bullish

for some time after oil peaked at $147 in 2008. Another major commodities player among banks, Barclays Capital,

which also predicted prices could correct but not as steeply as Goldman, said on Friday the current levels already

represented a good buying opportunity.

Indian overnight indexed swaps (OIS) rates inched up on Monday tracking government bond, after falling in two

consecutive sessions on easing commodity prices, and traders see the rates firm in the near-term. The benchmark 5-

year rate was at 8.34 percent, eight basis points higher than its previous close, while the one-year rate was at 8.06

percent, compared with Friday's close of 8.03 percent. Traders said the OIS rates will also eye the weekly inflation

data on Thursday for further direction. India's food price index rose 8.53 percent and the fuel price index climbed

13.53 percent in the year to April 23. In the previous week, annual food and fuel inflation stood at 8.76 percent and

13.53 percent, respectively.


8/8

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Disclaimer


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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Share Tips Experts Commodity Report as on 10052011

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