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
NAME OPEN HIGH LOW CLOSE % CNG
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
NAME OPEN HIGH LOW CLOSE % CNG
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
Page No. 1www.sharetipsexpert.com
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
8/6/2019 Share Tips Experts Commodity Report as on 10052011
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
Strictly for private circulation
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
www.sharetipsexpert.com Page No. 2
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
8/6/2019 Share Tips Experts Commodity Report as on 10052011
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
Strictly for private circulation www.sharetipsexpert.com Page No. 3
93299
OI
22843
RE CNG
2.1
INTRADAY LEVELS
8/6/2019 Share Tips Experts Commodity Report as on 10052011
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.
Strictly for private circulation
8/6/2019 Share Tips Experts Commodity Report as on 10052011
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
8/6/2019 Share Tips Experts Commodity Report as on 10052011
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.
Strictly for private circulation www.sharetipsexpert.com Page No. 6
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.
8/6/2019 Share Tips Experts Commodity Report as on 10052011
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
Strictly for private circulation www.sharetipsexpert.com Page No. 3
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.
8/6/2019 Share Tips Experts Commodity Report as on 10052011
8/8
Contact us
Plot no 36, Sector 23, Gurgaon, Haryana (INDIA)
Work Tel#: Fax No:
Mobile Tel#:
E-Mail: [email protected] URL: http:/ / ww w.sharetipsexpert.com
Disclaimer
Strictly for private circulation www.sharetipsexpert.com Page No. 4
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.