share tips experts commodity calls report as on 10052011

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

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22100 22135 21980 21920

Gold / Silver ratio is at 39.98. Yesterday Gold FIX $ has closed lower at : 1502#

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

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TARGET 1STOPLOSS

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What make market to move

ENTRYACTION

SELL JUNE

GOLD

TARGET 2

Gold trading range is 21836-22162.

ACTION ENTRY STOPLOSS TARGET 1 TARGET 2

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VOLATILITY WI LL BE THERE IN THE MARKET BUT KLOOK TO TEST SUPPORT AT 56200 LEVEL


# Silver trading range is 53137-59755.

# Silver rose aided by growing concerns over Greece's debt crisis, while gold held steady.

# Silver is having resistance at 58432 and support at 55123 level.

Spdr gold trust holdings fell by 3.44 tonnes to 1201.95 tonnes

Gold looks to take support at 21918 and resistance at 22081.

Gold gained bouncing up on commodities-wide bargain hunting after last week's sharp sell-offs.

# Holdings at ishares silver trust rose by 311 tonnes to 10564.75 tonnes

# Silver $ FIX is at : 38 & CURRENTLY SILVER $ IS TRADING AT : 37.76 & UP BY 0.16%

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SILVER


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# Copper daily stocks at Shanghai exchange came down by 75 tonnes.

# YESTERDAY LME STOCK FOR COPPER CAME Up BY 1425

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Copper is taking resistance at 405.60 and support is seen at 399.40.

SELL JUNE 405 408.5 401.2 397.5


# Crude trading range is 4340-4676.

# Crude rose as the dollar's weakness helped oil rebound after a dramatic five-session fall

# Crude looks to test support at 4440 and resistance is seen at 4608.

SELL MAY 4520

# Saudi Arabia will keep crude oil supplies in June unchanged from May

# Crude $ is Trading at : 100.89$

COPPER


# Copper trading range is 396.7-409.1.

# Copper settled firm buoyed by investors looking to purchase copper at reduced prices

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4580 4456 4390


CRUDE



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The number of rigs drilling for natural gas in the U.S. rose by eight last week, to 890

CME raises crude margins fourth time since February : Margins will climb by 25 percent as of the close of business on May 10,

boosting the cost of holding positions for hedgers and speculators, a factor some traders said helped bring oil prices down by as

much as 2 percent on Tuesday following a $5 a barrel spike a day earlier.

# NATURAL GAS $ IS TRADING AT : 4.186$

# Natural Gas trading range is 181.7-196.1.

# Natural gas turned lower as market participants bet that mild weather in the coming weeks would curb demand

# Natural gas looks to test support at 184.40 and resistance is seen at 191.60.

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China reported an unexpectedly large April trade surplus, likely fueling U.S. pressure over currency controls and market access as

American and Chinese officials hold high-level talks in Washington. China's global trade surplus widened to $11.4 billion as import

growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 percent, data showed

Tuesday. The gap exceeded private sector forecasts of $5 billion to $10 billion and was a strong rebound after China reported a

rare trade deficit in the first quarter of this year. China's trade gap has angered Washington and other trading partners who

blame currency controls and other policies they say are hampering trade and a global recovery.

SELL MAY 190 194.5 185.5 182.2

NAT.GAS


CARROTINVESTMENT

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share tips experts commodity calls report as on 10052011

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