share tips expert commodity report 01042011
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8/6/2019 Share Tips Expert Commodity Report 01042011
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Daily Commodity Market Update as on Friday, April 01, 2011
PRECIOUS METALS COMPLEX
NAME OPEN HIGH LOW CLOSE % CNG
GOLD 21000 21112 20979 21058 0.36
SILVER 55813 56195 55651 55970 0.37
GOLD 1432.8 1434.45 1429.6 1432.4 -0.07
SILVER 37.6 37.81 37.46 37.63 0.08
PLATINUM 1766.49 1769.74 1760.25 1768.25 0.1
Bullion rose as the dollar fell and as rallies in oil and grain
prices boosted gold's appeal as a hedge against inflation.
Investors bought gold to hedge against uncertainty
related to Friday's job report.SPOT $
MCX
NAME OPEN HIGH LOW CLOSE % CNG
CRUDE 4684 4768 4684 4744 1.16
N.GAS 196.9 199.4 189.2 197.4 0.86
ENERGY COMPLEX
Crude rose as Libya's conflict and Middle East unrest kept
threats to supply in play and positive U.S. economic data
also provided lift. Natural gas ended firm but pared gains
government report showed that U.S. natural gas
inventories increased for the first time since earl
MCX
CRUDE 104.31 106.83 104.12 106.72 2.310421
NAME OPEN HIGH LOW CLOSE % CNG
November.
BASEMETAL COMPLEX
Base metals prices pared earlier gains after U.S. factory
MCX
. . . . .
ZINC 105 105.8 103.55 105.5 0.28
NICKEL 1178 1183.9 1162.5 1177.5 0.14
LEAD 120.7 122.15 119.65 121.95 1.03
ALUMINIUM 117.15 117.9 116.55 117.5 0.13
COPPER 9454.25 9480 9399 9407 -0.75 125
ZINC 2365 2365 2336.25 2336.25 -1.02 -300
or ers unexpecte y ec ine in Fe ruary. Ear ier ase
metals traded lower as fears over China's lack of buying
activity and growing stockpiles offset the support of a
stronger euro.
LME STOCKLM E
COPPER
ZINC
439850
736675. . .
NICKEL 26200 2641 25600 25700 -2.08 -462
LEAD 2705 2705 2680 2685 -0.48 -1125
ALUMINIUM 2640 2705 2629 2629 -0.38 -3550
SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX
19477.63 5834.8 2338.99 1325.83 8404.98 12319.73 9786.68 2935.28 2115.05 23567.16 76.09
NICKEL
LEAD
ALUMINIUM
123696
281300
4595375
GLOBAL MARKETS UPDATE
0.17 0.02 0.11 -0.18 -0.14 -0.25 0.35 0.24 0.43 0.17 0.3
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OPEN
21000
HIGH
LOW
20979
0.36
21112
% CNG
VOLUME
CLOSE
21058
FUTUR
E
76
7761
RE CNG
16187
OI
INTRADAY LEVELS
X
GOLD
Gold were up for a second day jumping to the highest level in a week as ongoing turmoil in the
' P.P. 21050
SUP 1 RES 1
20987 21120
SUP 2 RES 2
20917 21183
SUP 3 RES 3
20854 21253
MC increased the safe haven appeal of the precious metal. Fighting between government troops loyal toleader Gaddafi and rebel forces escalated in Libya overnight, raising the prospects of further air
strikes by collation forces. Meanwhile, the Kuwaiti government resigned earlier Thursday,
heightening fears that unrest could spread to the worlds largest oil exporter, Saudi Arabia.
Weakness in the dollar had also contributed to golds strength. The dollar index was down 0.24% to
hit 76.14, as speculation that the Federal Reserve would normalize monetary policy faded. Now gold
is getting support at 20987 and below could see a test of 20917 level, And resistance is now likely to
be seen at 21120, a move above could see prices testing 21183.
55813
HIGH
56195
55651
OPEN
LOW
UR
E
OI
14405
68352
0.37
VOLUME
RE CNG
55970
% CNG
VERFU
P.P. 55939
SUP 1 RES 1
55682 56226
SUP 2 RES 2
INTRADAY LEVELSSilver opened higher at 55813 as supported by the morning gains in crude and base metals saw
silver reach an intraday high of 56195 mid day slight profit booking seen that make silver to test
lower support at 55651 quickly reaching an intraday and renewed buying interest as crude and base
metals began to reverse their slide and made silver to close below 56000 mark. Bullion dropped
before the release of U.S. non-farm payrolls report which could underpin the dollar and weigh on
bullion, while ETF holdings posted their biggest quarterly decline ever. Now technically market is
207
MCXS
I
55395 56483
SUP 3 RES 3
55138 56770
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trading in the range as RSI for 18days is currently indicating 72.12, where as 50DMA is at 50966.62
and silver is trading above the same and getting support at 55682 and below could see a test of
55395 level, And resistance is now likely to be seen at 56226, a move above could see prices testing
56483.
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8/6/2019 Share Tips Expert Commodity Report 01042011
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4684
HIGH
OPEN
4744
% CNG
1.16
VOLUME
4768
LOW
4684CLOSE
FUTURE
18843
RE CNG
55
INTRADAY LEVELSCrude oil extended gains re-approaching the highest level since September 2008 amid ongoing fears
116752
OI
CRUDE
P.P. 4732
SUP 1 RES 1
4696 4780
SUP 2 RES 2
4648 4816
SUP 3 RES 3
4612 4864
region, while a broadly weaker U.S. dollar also boosted prices. It earlier rose to USD106.75 a barrel,
the highest price since March 7, when prices hit a 30-month high of USD106.93 a barrel. Fighting
between government troops loyal to leader Muammar Gaddafi and rebel forces escalated in Libya
overnight, raising the prospects of further air strikes by collation forces. Meanwhile, the Kuwaiti
government resigned earlier Thursday according to the state-run Kuwait News Agency, heightening
fears that unrest could spread to the worlds largest oil exporter, Saudi Arabia. Now crude is getting
support at 4696 and below could see a test of 4648 level, And resistance is now likely to be seen at
4780, a move above could see prices testing 4816.
MC
HIGH
426.05LOW
420.1TUR
EOPEN
424.25
RE CNG
% CNG
0.41
VOLUME
89761
OI
22908
425.3
PPERFU
P.P. 423.8
SUP 1 RES 1
421.6 427.5
SUP 2 RES 2
1.75
INTRADAY LEVELSCopper yesterday traded with the positive node and settled 0.41% up at 425.3 but ended the first
quarter of 2011 with a 2.4 percent quarterly loss, its first such decline since the second quarter of
2010, as concerns about softer Chinese demand and rising warehouse stocks weighed on sentiment.
Traders cited book squaring and the weak dollar for Thursday's higher close. High bonded stocks in
China, estimated at about 600,000 tonnes, were seen discouraging fabricators from building copper
stocks. Compounding concerns about weak physical demand, stocks of copper have been on aMCXC
O
417.9 429.8
SUP 3 RES 3
415.6 433.5
steady ascent since December, rising 125 tonnes to their highest since July 2010, at 439,850
tonnes. For today's session market is looking to take support at 421.6, a break below could see a
test of 417.9 and where as resistance is now likely to be seen at 427.5, a move above could see
prices testing 429.8.
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105
HIGH
OPEN
105.5
% CNG
0.28
VOLUME
105.8
LOW
103.55CLOSE
UTUR
E
8550
RE CNG
0.3
INTRADAY LEVELS
Zinc yesterday traded with the positive node and settled 0.28% up at 105.5 as US dollar index
17892
OI
X
ZINC
P.P. 105.0
SUP 1 RES 1
104.1 106.4
SUP 2 RES 2
102.7 107.2
SUP 3 RES 3
101.9 108.6
overnight dipped to 76 and then rallied slightly. But LME zinc prices closed with gains at USD
2,360/mt, up USD 13/mt, and with the low end falling to USD 2,308/mt. The market was still
cautious ahead of the release of US non-farm payrolls due on Friday. In yesterday's trading
session zinc has touched the low of 103.55 after opening at 105, and finally settled at 105.5.
For today's session market is looking to take support at 104.1, a break below could see a test
of 102.7 and where as resistance is now likely to be seen at 106.4, a move above could see
prices testing 107.2.
MC
HIGH
1183.9LOW
1162.5UR
EOPEN
1178
RE CNG
% CNG
0.14
VOLUME
28696
OI
8252
1177.5
KELFU
P.P. 1175
SUP 1 RES 1
1165 1187
SUP 2 RES 2
1.6
INTRADAY LEVELSNickel yesterday traded with the positive node and settled 0.14% up at 1177.5 after tracking LME
nickel futures for delivery in three months which opened at USD 26,000/mt and closed at USD
26,247/mt overnight, up by USD 26,247/mt from a day earlier, with the highest price at USD
26,322/mt and the lowest price at USD 25,700/mt. LME base metal prices closed with gains on
Thursday, as the US dollar weakened against the euro. LME nickel futures contract prices finally
closed with gains after wide fluctuation, but were still weighed by all-day moving average. The euroMCXN
I
1153 1196
SUP 3 RES 3
1144 1208
strengthened on Thursday, as investors' concern over European debt crisis eased to certain extent
and their focus is shifting possibility of interest rate hike by European Central Bank. For today's
session market is looking to take support at 1165.4, a break below could see a test of 1153.2 and
where as resistance is now likely to be seen at 1186.8, a move above could see prices testing 1196.
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8/6/2019 Share Tips Expert Commodity Report 01042011
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OPEN
117.15
HIGHR
% CNG
0.13
VOLUME
117.9
LOW
116.55CLOSE
117.5
UMFU
T
3256
OI
1746
RE CNG
Aluminium yesterday traded with the positive node and settled 0.13% up at 117.5 after US Labor
0.15
INTRADAY LEVELSLUMINI
P.P. 117.3
SUP 1 RES 1
116.7 118.1
SUP 2 RES 2
116.0 118.7
SUP 3 RES 3
115.4 119.4
Department announced on Thursday that the initial claims for obless benefits were 388,000 in the
week ending March 26th, slightly lower than the forecast of 380,000. Later, the US Commerce
Department announced that the factory orders in February fell by 0.1%, much lower than market
expectations of a 0.5% rise. Both show the US economic data remains disappointing. Meanwhile,
expectations that the ECB will raise interest rates helped boost the euro and weigh down the US
dollar index, with the US dollar index falling to 75.664. For today's session market is looking to take
support at 116.7, a break below could see a test of 116 and where as resistance is now likely to be
seen at 118.1, a move above could see prices testing 118.7.MCX
LOW
TURE
OPEN
196.9
HIGH
199.4
189.2
8670
RE CNG
OI
VOLUME
43470
0.86
197.4
.GAS
F % CNG
P.P. 195.3
SUP 1 RES 1
191.3 201.5
SUP 2 RES 2
Natural gas yesterday traded with the positive node and settled 0.86% up at 197.4, Natural gas
initially dipped sharply lower plunging to the lowest level in eight days after a government report
showed that U.S. natural gas inventories increased for the first time since early November but on
profit booking latter recovered and finally settled at +0.86% up at 197.40. The U.S. EIA said in its
weekly report earlier in the day that natural gas storage in the U.S. in the week ended March 25
rose by 12 billion cubic feet, after declining by 6 billion cubic feet in the preceding week. According
1.7
INTRADAY LEVELS
CXNA
185.1 205.5
SUP 3 RES 3
181.1 211.7
to the data, total U.S. natural gas storage in the week ended March 25 stood at 1.624 trillion cubic
feet. Stocks were 12 billion cubic feet less than last year at this time and 68 billion cubic feet above
the five-year average of 1.556 trillion cubic feet for this time of year. For today's session market is
looking to take support at 191.3, a break below could see a test of 185.1 and where as resistance is
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DAILY SPR EAD IN SILVER - MCXDAILY SPR EAD IN GOLD - MCX
ACTIVE SPREAD UPDATE
MONTH RATE JUNE AUG OCT MONTH RATE MAY JULY SEPT
JUNE 21058 317 628 MAY 55970 639 1291
AUG 21375 311 JULY 56609 652OCT 21686 SEPT 57261
Spread between Gold JUN & AUG contracts yesterday
ended at 317, we have seen yesterday that the gold
market had traded with a positive node and settled 0.36%
up. Spread yesterday traded in the range of 317 - 348.
Spread between Silver MAY & JUL contracts yesterday
ended at 639, we have seen yesterday that the silver
market had traded with a positive node and settled
0.37% up. Spread yesterday traded in the range of 621 -
687.
MONTH RATE APRIL MAY JUNE MONTH RATE APRIL JUNE
APRIL 4744 50 96 APRIL 425.3 5.75
MAY 4794 46 JUNE 431.05
JUNE 4840
DAILY SPREAD IN CRUDE - MCX DAILY SPREAD IN COPPER - MCX
Sprea etween cru e MAR & APR contracts yester ay
ended at 50, we have seen yesterday that the crude
market had traded with a positive node and settled 1.16%
up. Spread yesterday traded in the range of 50 - 61.
DAILY SPR EAD IN ZINC - MCX
Sprea etween copper APR & JUN contracts yester ay
ended at 5.75, we have seen yesterday that the copper
market had traded with a positive node and settled
0.41% up. Spread yesterday traded in the range of 5.7 -
6.
DAILY SPR EAD IN NI CKEL - MCXARKET
MONTH MONTH
APRIL 105.5 1.25 APRIL 1177.5 8.2
MAY 106.75 MAY 1185.7
Spread between zinc APR & MAY contracts yesterday
ended at 1.25, we have seen yesterday that the zincmarket had traded with a positive node and settled 0.28%
up. Spread yesterday traded in the range of 1 - 1.75.
Spread between nickel APR & MAY contracts yesterday
ended at 8.20, we have seen yesterday that the nickelmarket had traded with a positive node and settled
0.14% up. Spread yesterday traded in the range of 8.20 -
9.4.PREAD
MONTH RATE APRIL MAY MONTH RATE APRIL MAY
APRIL 197.4 4.9 APRIL 1078.2 -115.4
MAY 202.3 MAY 962.8
S read between natural as APR & MAY contracts S read between menthol oil APR & MAY contracts
DAILY SPREAD I N MENTHOL - MCXDAILY SPREAD IN N AT. GAS - MCX
yesterday ended at 4.90, we have seen yesterday that the
natural gas market had traded with a positive node and
settled 0.86% up. Spread yesterday traded in the range of3.4 - 5.
yesterday ended at -115.40, we have seen yesterday that
the menthol oil market had traded with a negative node
and settled -1.61% down. Spread yesterday traded in therange of -136.8 to -115.4.
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