share tips expert calls report 02052011

8/6/2019 Share Tips Expert Calls Report 02052011

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Gold volumes in the ETF in India, jumped 57 percent on year to 15.077 tonnes in February

Gold looks to take support at 22681 and resistance at 22907.

Gold surged to a record high, as investors kept up a buying fueled by outlook for low U.S. interest rates

Gold trading range is 22543-22995.

SILVER

What make market to move

# Silver trading range is 70650-72250.

# Silver ended lower after CME said it would raise maintenance margins for by 13.2%

# Silver is having resistance at 71003 and support at 70188 level.

ACTION ENTRY STOPLOSS TARGET 1 TARGET 2

22750 22810 22650 22450

Gold / Silver ratio is at 32.66. Yesterday Gold FIX $ has closed higher at : 1535.5#

Daily Commodity Market Update as on Monday, May 02, 2011

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#

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TARGET 1STOPLOSS

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ENTRYACTION

SELL GOLD JUNE

GOLD

TARGET 2

# Holdings at ishares silver trust fell by 31.86 tonnes to 11021.34 tonnes

# Silver $ FIX is at : 48.7 & CURRENTLY SILVER $ IS TRADING AT : 43.86 & DOWN BY -8.26%

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SILVER LOOK WEAK TO TEST 66000 AND BELOW 42$ W ILL BE THE MAJOR SUPPORT


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CRUDE


# Crude trading range is 5030-5072.

# Crude oil settled higher as a weaker dollar and geopolitical concerns overshadowed demand worries.

# Crude looks to test support at 5020 and resistance is seen at 5078 level.

BUY MAY 4980 4950 5040 5090


# OPEC's boosted supply in Feb to abv 9mln bpd to plug the gap in global mkts left by fellow OPEC member Libya

# Crude $ is Trading at : 112.67$

COPPER


# Copper trading range is 412.3-418.2.

# Copper fell last week ignoring the often supportive influence of a weaker dollar, as technical pressures mounted

# Copper is taking resistance at 419.80 and support is seen at 413.60.

SELL JUNE 414 416.5 410 408


# Copper weekly stocks at Shanghai exchange came down by 10808 tonnes.

# YESTERDAY LME STOCK FOR COPPER CAME Up BY 150



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NAT.GAS


BUY MAY 204 201 208.5 211.5


The number of rigs drilling for gas in the U.S. rose by four to 882 last week, the first increase in four weeks.

Muammar Gaddafi pressed an offensive against rebel forces, and his supporters burned Western embassies after the Libyan

leader survived a NATO airstrike that officials said killed his son and three grandchildren.

Silver prices tumbled on Monday, marking their biggest loss since late 2008, and gold fell more than 2% off a record high,

extending earlier losses on news that al-Qaeda leader Osama bin Laden was killed in a US-led operation in Pakistan.

Copper mar et e icit at 20,000 T in Jan - T e g o a copper mar et was in a 20,000-tonne pro uction e icit in January, versus

a surplus of 86,000 tonnes in the same month a year ago, the International Copper Study Group (ICSG) said on Friday. World

refined copper usage in January reached 1.641 million tonnes, while output hit 1.621 million tonnes, the Lisbon-based ICSG said

in its latest monthl bulletin.

# NATURAL GAS $ IS TRADING AT : 4.695$

# Natural Gas trading range is 205.8-211.4.

# Natural gas rose on speculation that warm weather and declining production may widen a stockpile deficit

# Natural gas looks to test support at 205.80 and resistance is seen at 210.60

#

share tips expert calls report 02052011

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