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NAME OPEN HIGH LOW CLOSE % CNG GOLD 21965 21965 21820 21884 -0.43 SILVER 53849 54270 52666 53128 -1.16 GOLD 1495.1 1496.55 1492.9 1495.9 0.1 SILVER 34.96 35.23 34.96 35.13 0.49 PLATINUM 1757.5 1764.24 1754.95 1764.24 0.01 NAME OPEN HIGH LOW CLOSE % CNG CRUDE 4555 4574 4467 4491 -1.96 N.GAS 189.6 189.6 184.5 185.1 -2.81 CRUDE 99.76 100.79 98.16 98.44 -1.323176 NAME OPEN HIGH LOW CLOSE % CNG COPPER 412.5 412.5 404.4 405.15 -1.91 ZINC 98.5 98.7 95.3 96.3 -2.18 NICKEL 1120 1124.4 1065.4 1067.9 -4.64 LEAD 110.4 112.4 109.6 110.8 0.18 ALUMINIUM 115.2 115.45 111.5 112.2 -2.36 COPPER 8966 9002 8950 8981 0.51 -775 ZINC 2150 2164 2150 2160 0.51 -450 NICKEL 23700 2514 23700 23850 0.42 -48 LEAD 2473 2479 2456 2458 0.29 0 ALUMINIUM 2511 2479 2502 2508.5 -0.12 -2050 SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX 18237.79 5457.9 2369.67 1343.6 8427.95 12605.32 9649.03 2861.68 2109.21 23186.77 75.11 0.53 0.55 0.28 0.21 0.24 0.36 0.29 0.07 0.65 0.09 -0.02 GLOBAL MARKETS UPDATE Page No. 1 www.sharetipsexpert.com 4709825 Strictly for private circulation COPPER ZINC NICKEL LEAD ALUMINIUM 467025 852125 113970 316875 Crude fell as disappointing economic data fueled worries about oil demand and the International Energy Agency raised the possibility of releasing emergency stockpiles to cool prices if producers did not increase supply. Natural- gas slid after the largest weekly U.S. inventory build so far this year added pressure to the well-supplied market. BASEMETAL COMPLEX Base metals ended lower unable to build on the previous session's sharp rally, as investors sided with caution after another round of weak data suggested the U.S. economic recovery could be stalling. LME STOCK SPOT $ MCX LME MCX Daily Commodity Market Update as on Friday, May 20, 2011 PRECIOUS METALS COMPLEX ENERGY COMPLEX Bullion fell as weak U.S. housing and manufacturing data and uncertainty about the end of the Federal Reserve's bond-buying program dragged down commodities across the board. SPOT $ MCX
Transcript
NAME OPEN HIGH LOW CLOSE % CNG
GOLD 21965 21965 21820 21884 -0.43
SILVER 53849 54270 52666 53128 -1.16
GOLD 1495.1 1496.55 1492.9 1495.9 0.1
SILVER 34.96 35.23 34.96 35.13 0.49
PLATINUM 1757.5 1764.24 1754.95 1764.24 0.01
NAME OPEN HIGH LOW CLOSE % CNG
CRUDE 4555 4574 4467 4491 -1.96
N.GAS 189.6 189.6 184.5 185.1 -2.81
CRUDE 99.76 100.79 98.16 98.44 -1.323176
NAME OPEN HIGH LOW CLOSE % CNG
COPPER 412.5 412.5 404.4 405.15 -1.91
ZINC 98.5 98.7 95.3 96.3 -2.18
NICKEL 1120 1124.4 1065.4 1067.9 -4.64
LEAD 110.4 112.4 109.6 110.8 0.18
ALUMINIUM 115.2 115.45 111.5 112.2 -2.36
COPPER 8966 9002 8950 8981 0.51 -775
ZINC 2150 2164 2150 2160 0.51 -450
NICKEL 23700 2514 23700 23850 0.42 -48
LEAD 2473 2479 2456 2458 0.29 0
ALUMINIUM 2511 2479 2502 2508.5 -0.12 -2050
SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX
Crude fell as disappointing economic data fueled worriesabout oil demand and the International Energy Agencyraised the possibility of releasing emergency stockpiles tocool prices if producers did not increase supply. Natural-gas slid after the largest weekly U.S. inventory build sofar this year added pressure to the well-supplied market.
BASEMETAL COMPLEX
Base metals ended lower unable to build on the previoussession's sharp rally, as investors sided with caution afteranother round of weak data suggested the U.S. economicrecovery could be stalling.
LME STOCK
SPOT $
MCX
LME
MCX
Daily Commodity Market Update as on Friday, May 20, 2011
PRECIOUS METALS COMPLEX
ENERGY COMPLEX
Bullion fell as weak U.S. housing and manufacturing dataand uncertainty about the end of the Federal Reserve'sbond-buying program dragged down commodities acrossthe board.
SPOT $
MCX
P.P. 21890
SUP 1 RES 1
21814 21959
SUP 2 RES 2
21745 22035
SUP 3 RES 3
21669 22104
P.P. 53355
SUP 1 RES 1
52439 54043
SUP 2 RES 2
51751 54959
SUP 3 RES 3
50835 55647
83515
-1.16
MC
X G
OLD
FU
TU
RE
LOW
MC
X S
ILV
ER
FU
TU
RE
27779
OI
% CNG
VOLUME
52666
RE CNG
Strictly for private circulation
Silver fell on Thursday and settled at -1.16% at 53128, as weak U.S. housing and manufacturingdata and uncertainty about the end of the Federal Reserve's bond-buying program dragged downcommodities across the board. Both bullion and silver are set to end flat this week, as the dollarheaded for its first drop in the last three weeks. The U.S. currency fell on Thursday after theprevious session's gains as weaker U.S. economic outlook offset worries over euro due to Greece'suncertain debt situation. Holdings in the world's largest silver-backed exchange-traded fund, iSharesSilver Trust , fell to 10,203.73 tonnes by May 19, from 10,446.43 tonnes on May 18. Now technicallymarket is trading in the range as RSI for 18days is currently indicating 39.83, where as 50DMA is at60107.68 and silver is trading below the same and getting support at 52439 and below could see atest of 51751 level, And resistance is now likely to be seen at 54043, a move above could see prices
RE CNG
-616
INTRADAY LEVELS
53128
% CNG
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OI
13387
CLOSE
INTRADAY LEVELS
VOLUME
54270
11177
LOW
21820
OPEN
21965
HIGH
21965
OPEN
53849
HIGH
CLOSE
21884
Gold declined and settled down at -0.43% that is at 21884 on speculation that slowing inflation willcurb demand for the metal as a hedge against rising consumer prices. Federal Reserve Bank of St.Louis President James Bullard said in an interview in New York that the central bank may keep itsmonetary policy unchanged until late this year, and that declining inflation expectations havelessened the need to begin withdrawing record stimulus. Gold demand gained 11 percent to 981.3metric tons in the first quarter from a year earlier, the WGC said. Jewelry usage in China, climbed 21percent to a record in the quarter, and the country’s consumption of the metal may double before2020.Now technically market is trading in the range as RSI for 18days is currently indicating 50.41,where as 50DMA is at 21661.36 and gold is trading above the same and getting support at 21814and below could see a test of 21745 level, And resistance is now likely to be seen at 21959, a move
-95
-0.43
P.P. 4511
SUP 1 RES 1
4447 4554
SUP 2 RES 2
4404 4618
SUP 3 RES 3
4340 4661
P.P. 407.4
SUP 1 RES 1
402.2 410.3
SUP 2 RES 2
399.3 415.5
SUP 3 RES 3
394.1 418.4
MC
X C
RU
DE F
UTU
RE
OPEN
412.5
HIGH
412.5
LOW
404.4
CLOSE
405.15
OPEN
-88
INTRADAY LEVELSOil fell for the third day this week settled at -2% at 4449 after the index of U.S. leading indicatorsdropped for the first time in 10 months in April and sales of existing U.S. homes declined, signalsthat fuel demand may weaken as the economy struggles to recover. Oil tumbled 1.7 percent as theindex, the New York-based Conference Board’s gauge of the economic outlook for the next three tosix months, unexpectedly decreased by 0.3 percent after a revised 0.7 percent gain in March.Japan’s economy shrank more than estimated in the first quarter, a government report showed. TheIEA trimmed its 2011 global oil-demand forecast for the first time this year in a report last week,saying the year’s price rally is beginning to weigh on consumers, particularly in North America. Nowtechnically market is trading in the range as RSI for 18days is currently indicating 40.68, where as50DMA is at 4791.3 and crude is trading below the same and getting support at 4399 and below
MC
X C
OP
PER
FU
TU
RE
4555
HIGH
4574
LOW
4467
CLOSE
4491
% CNG
-1.96
VOLUME
79736
OI
9837
RE CNG
% CNG
-1.91
VOLUME
Copper yesterday traded with the negative node and settled -1.91% down at 405.15 unable to buildon the previous session's sharp rally, as investors sided with caution after another round of weakdata suggested the U.S. economic recovery could be stalling. One day after the metal posted itsbiggest gain in two months, copper prices fell in tandem with other economically-sensitivecommodities like crude oil, after discouraging U.S. housing and factory data pointed to less economicstrength than previously thought. The data triggered renewed selling in the metal and added togrowing evidence that U.S. economic prospects were far from upbeat. Copper has risen around 6percent since falling to five-month lows last week, but patchy U.S. data, a debt crisis in the eurozone and persistent concerns about global economic growth mean commodities will remain underpressure. For today's session market is looking to take support at 402.2, a break below could see a
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114144
OI
21985
RE CNG
-7.75
INTRADAY LEVELS
P.P. 96.8
SUP 1 RES 1
94.8 98.2
SUP 2 RES 2
93.4 100.2
SUP 3 RES 3
91.4 101.6
P.P. 1086
SUP 1 RES 1
1047 1106
SUP 2 RES 2
1027 1145
SUP 3 RES 3
988 1165
MC
X Z
INC
FU
TU
RE
OPEN
98.5
HIGH
98.7
LOW
95.3
CLOSE
96.3
% CNG
-2.18
VOLUME
23447
OI
7991
RE CNG
-2.1
MC
X N
ICK
EL F
UTU
RE
OPEN
1120
HIGH
1124
LOW
1065
CLOSE
1067.9
% CNG
-4.64
VOLUME
60530
OI
9711
RE CNG
-49.5
INTRADAY LEVELSNickel yesterday traded with the negative node and settled -4.64% down at 1067.9 tracking LMEnickel which opened at USD 24,600/mt and closed at USD 23,759/mt, down by USD 900/mt from aday earlier, with the highest price at USD 24,850/mt and the lowest price at USD 23,599/mt. LMEbase metal prices largely ended with losses overnight, due to downbeat economic data from the US.LME nickel prices advanced slightly in the early Asian trading hours, but fluctuated lower in the Asianafternoon trading hours. Dragged by downbeat economic data, LME nickel prices accelerateddeclines during the European trading hours, and closed USD 900/mt lower, with prices falling belowrecent support level of USD 24,000/mt. Economic data from the US real estate sector andmanufacture sector is disappointing. May's manufacturing index in the US mid-Atlantic region was3.9, lower than estimation of 20.0 and April's 18.5. For today's session market is looking to take
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INTRADAY LEVELSZinc yesterday traded with the negative node and settled -2.18% down at 96.3 LME zinc pricesovernight continued to fluctuate below USD 2,200/mt during the Asian trading hours. According toUS data overnight, the manufacturing index during May in central Atlantic coast of the US was 3.9,compared to the forecast of 20, and new home sales fell by 0.8%, also lower than estimates. In thiscontext, LME zinc prices overnight plummeted to USD 2,134/mt at the end of trading, with pricesclosing at USD 2,149/mt, down USD 42/mt. Trading volumes increased by 734 lots to 237,429 lots,and total positions decreased by 450 lots to 852,125 lots. SHFE 1107 zinc contract prices areexpected to fluctuate between RMB 16,400-16,800/mt today. In yesterday's trading session zinc hastouched the low of 95.3 after opening at 98.5, and finally settled at 96.3. For today's session marketis looking to take support at 94.8, a break below could see a test of 93.4 and where as resistance is
Strictly for private circulation
P.P. 113.1
SUP 1 RES 1
110.7 114.6
SUP 2 RES 2
109.1 117.0
SUP 3 RES 3
106.7 118.6
P.P. 186.4
SUP 1 RES 1
183.2 188.3
SUP 2 RES 2
181.3 191.5
SUP 3 RES 3
178.1 193.4
MC
X A
LU
MIN
IUM
FU
TU
RE OPEN
115.2
HIGH
115.45
MC
X N
AT.G
AS
FU
TU
RE
OPEN
189.6
HIGH
189.6
% CNG
VOLUME
21849
OI
2888
RE CNG
INTRADAY LEVELSAluminium yesterday traded with the negative node and settled -2.36% down at 112.2 aster USreleased a series of economic data on May 19th. Although declines in initial claims for joblessbenefits last week exceeded market expectations, housing and manufacturing data were weakerthan expected, triggering investor concerns over the slowing of economic recovery and that the USmay continue the second round of quantitative easing policies after the policies end by the end ofJune. As a result, the US dollar index fell to near 75. Although the US dollar index weakened,disappointing economic data depressed investor confidence in base metals, and LME aluminumprices trimmed previous gains and dipped to USD 2,483.3/mt. At the tail of trading, LME aluminumprices bounced back boosted by brisk buying at lower prices, with prices finally closing at USD2,511/mt, down 1.91%. For today's session market is looking to take support at 110.7, a break
-5.2
INTRADAY LEVELSNatural gas yesterday traded with the negative node and settled -2.81% down at 185.1, dropping toa one-month low after the U.S. EIA said natural gas inventories rose more-than-expected last week.It earlier fell as much as 2.15% to $4.099 per mbtu, the lowest price since April 18. The U.S. EIAsaid in its weekly report that natural gas storage in the U.S. in the week ended May 13 rose by92bcf, after increasing by 70bcf in the preceding week. Market had expected U.S. natural gasstorage to rise by 90bcf. Supplies climbed 76bcf in the same week a year earlier. The five-yearaverage change for the week is an increase of 91bcf. Total U.S. natural gas storage stood at 1.919trillion cubic feet. Stocks were 235bcf less than last year at this time and 36bcf below the five-yearaverage of 1.955 trillion cubic feet for this time of year. For today's session market is looking to takesupport at 183.2, a break below could see a test of 181.3 and where as resistance is now likely to be
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-2.65
LOW
111.5
CLOSE
112.2
% CNG
-2.36
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5073
RE CNG
LOW
OI
VOLUME
5015
184.5
CLOSE
185.1
-2.81
MONTH RATE JUNE AUG OCT MONTH RATE JULY SEPT DEC
JUNE 21884 242 539 JULY 53128 686 1528
AUG 22126 297 SEPT 53814 842
OCT 22423 DEC 54656
MONTH RATE JUNE JULY AUG MONTH RATE JUNE AUG
JUNE 4491 47 96 JUNE 405.15 5.45
JULY 4538 49 AUG 410.6
AUG 4587
MONTH RATE MAY JUNE MONTH RATE MAY JUNE
MAY 96.3 1.2 MAY 1067.9 9.1
JUNE 97.5 JUNE 1077
MONTH RATE MAY JUNE MONTH RATE MAY JUNE
MAY 185.1 4.9 MAY 951.5 -69.5
JUNE 190 JUNE 882
Spread between natural gas MAY & JUN contractsyesterday ended at 4.90, we have seen yesterday that thenatural gas market had traded with a negative node andsettled -2.81% down. Spread yesterday traded in therange of 3.5 - 4.9.
Spread between menthol oil MAY & JUN contractsyesterday ended at -69.50, we have seen yesterday thatthe menthol oil market had traded with a negative nodeand settled -1.18% down. Spread yesterday traded in therange of -84.1 to -57.6.
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Spread between copper JUN & AUG contracts yesterdayended at 5.45, we have seen yesterday that the coppermarket had traded with a negative node and settled -1.91% down. Spread yesterday traded in the range of4.15 - 5.45.
Spread between zinc MAY & JUN contracts yesterdayended at 1.2, we have seen yesterday that the zincmarket had traded with a negative node and settled -2.18% down. Spread yesterday traded in the range of 0.5 -1.2.
Spread between nickel MAY & JUN contracts yesterdayended at 9.10, we have seen yesterday that the nickelmarket had traded with a negative node and settled -4.64% down. Spread yesterday traded in the range of5.60 - 10.
DAILY SPREAD IN NICKEL - MCX
DAILY SPREAD IN NAT. GAS - MCX
Spread between Gold JUN & AUG contracts yesterdayended at 242, we have seen yesterday that the goldmarket had traded with a negative node and settled -0.43% down. Spread yesterday traded in the range of 209- 250.
DAILY SPREAD IN COPPER - MCX
DAILY SPREAD 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
SP
REA
D M
AR
KET
Spread between Silver JUL & SEP contracts yesterdayended at 686, we have seen yesterday that the silvermarket had traded with a negative node and settled -1.16% down. Spread yesterday traded in the range of672 - 911.
Spread between crude MAY & JUN contracts yesterdayended at 47, we have seen yesterday that the crudemarket had traded with a negative node and settled -1.96% down. Spread yesterday traded in the range of 41 -47.
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NEW
S Y
OU
CA
N U
SE
The Indian Sugar Mills Association (ISMA) slashed the total sugar production estimate for the ongoing 2010-11 sugaryear by 8 lakh tonnes to 242 lakh tonne. At the beginning of the current sugar year (October-September), ISMA hadprojected the total sugar output at 255 lakh tonne, but the forecast was later revised downward to 250 lakh tonne."Our figure for 2010-11 stands at 242 lakh tonne," ISMA spokesperson said, adding this is the final estimate. Theproduction figures for sugar were finalised at the organisation's internal meeting in Bangalore today. The latest ISMAfigure is lower than the government's estimate of sugar production in 2010-11 at 245 lakh tonne. Production inIndia, the world's second biggest sugar producer and the largest consumer, is expected to rebound this year after agap of two years. In 2009-10, production was around 190 lakh tonne. The country's annual demand is pegged at 220lakh tonne.
Troubled by a stagnating trend in production, India may soon lose its position as the fourth-largest producer ofrubber in the world. Vietnam, which has seen a fast growth in acreage under rubber in the recent years, maydislodge India from the fourth slot. The fifth-largest producer of rubber, Vietnam's total planted area saw acumulative increase of 3,78,700 hectares between 2003 and 2010. Taking into account this growth, the rubberindustry experts say that Vietnam "will soon be ahead of India" in rubber production. We expect this to happen in2012," said Vinod T Simon , president of All India Rubber Industries Association . But the cumulative growth in totalplanted area achieved by India is 2,30,200 hectares during the same period. Industry's concern stems from the factthat rubber production in India has not seen any major increase in the last 4-5 years. India's production stood at8.53 lakh tonne in 2006. Though the production increased slightly to 8.81 lakh tonne in 2008, it declined in thesubsequent years. In 2010 the production stood at 8.51 lakh tonne. Compared to this, the production in Vietnam hasseen a steady increase from 5.55 lakh tonne in 2006 to 6.60 lakh tonne in 2008. It stood at 7.55 lakh tonne in 2010.
India's food price index rose 7.47 percent and the fuel price index climbed 12.11 percent in the year to May 7,government data showed. In the previous week, annual food and fuel inflation stood at 7.70 percent and 12.25percent respectively, the slowest rise in food prices since end-March 2009.The primary articles price index was up10.94 percent, compared with an annual rise of 11.96 percent a week earlier.India's weekly food inflation readingshave slowed from the double-digit growth notched for much of 2010, but headline inflation , at 8.66 percent in April,remains considerably above the central bank's comfort level.
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