share tips experts commodity report as on 03052011

8/6/2019 Share Tips Experts Commodity Report as on 03052011

1/8

NAME OPEN HIGH LOW CLOSE % CNG

GOLD 22770 22835 22430 22820 -0.86

SILVER 71100 71100 65702 71350 -4.05

GOLD 1537.89 1547.3 1534.6 1531 1.06

SILVER 43.85 45.34 43.86 44.06 2.5

PLATINUM 1861 1865 1851.5 1861 0.32


CRUDE 5040 5097 4933 5055 0.16

N.GAS 207.9 210.7 206.5 208.3 -0.05

CRUDE 113.89 114.83 110.82 113.52 -0.324875


COPPER 415.9 417.8 407.65 415.9 0.26

ZINC 100.9 101.45 99.25 101.2 0

NICKEL 1196.2 1196.2 1170.1 1202.4 -0.79

LEAD 112 113.9 110.1 112.8 0.57

ALUMINIUM 122.2 122.2 121.35 122.55 -0.53

COPPER 9239.5 9309.75 9219.75 9371 -0.85 150

ZINC 2230 2269.75 2227 2265 -0.71 4675

NICKEL 26737 2769.5 26580 26845 -0.73 -588

LEAD 2505 2505 2490 2514.5 -0.56 1000

ALUMINIUM 2766 2505 2762.25 2764 -0.04 5950

SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX

18955.29 5689.3 2404.24 1361.22 8649.61 12807.36 10004.2 2916.84 2195.35 23763.43 73.1

-0.22 -0.21 0.01 -0.18 -0.25 -0.02 0 0.18 -1.5 0.18 0.19

GLOBAL MARKETS UPDATE

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COPPER

ZINC

NICKEL

LEAD

ALUMINIUM

463650

821375

117384

308375

Crude oil settled firm but pared most of its gains on the

view that the death of al Qaeda leader Osama bin Laden

would curb global security risks. Natural gas ended flat

after jumping to a 14-week high amid speculation warmer

than-normal weather and declining production would

widen a stockpile deficit.

BASEMETAL COMPLEX

Base metal ended mixed with technical momentum

kicking but softer manufacturing data from the world's

top two consumers kept short-term demand worries front

and center.

LME STOCK

SPOT $

MCX

LM E

MCX

Daily Commodity Market Update as on Tuesday, May 03, 2011

PRECIOUS METALS COMPLEX

ENERGY COMPLEX

Gold fell from a record high on Monday and silver notched

its biggest one-day loss after the killing of Osama bin

Laden sapped the safe-haven premium out of precious

metals.Silver recovered significantly and trimmed losses,

while from its earlier plunge as optimism over the death

of Osama bin Laden appeared to be short-lived.

SPOT $

MCX


2/8

P.P. 22630

SUP 1 RES 1

22426 22831

SUP 2 RES 2

22225 23035

SUP 3 RES 3

22021 23236

P.P. 68459

SUP 1 RES 1

65818 71216

SUP 2 RES 2

63061 73857

SUP 3 RES 3

60420 76614

139991

-4.05

MCX

GOLDFUTUR

E

LOW

MCXS

ILVERFUTUR

E

46542

OI

% CNG

VOLUME

65702

RE CNG


Silver recovered significantly and trimmed losses, while from its earlier plunge as optimism over the

death of Osama bin Laden appeared to be short-lived. Silver prices tumbled, marking their biggest

loss since late 2008 dropping by 7.91 percent to 65702 and later recovered and settled at -4.05 that

is at 68575, and in international Silver dropped as much as 13% to a ten-day low of $42.23 after

CME Group, operator of Comex raised the amount of cash that traders must deposit for speculative

positions. Dollar weakness has been fueling the rally in bullion as economic uncertainties and

speculation of more monetary easing by Fed. Now silver is getting support at 65818 and below could

see a test of 63061 level, And resistance is now likely to be seen at 71216, a move above could see

prices testing 73857.

RE CNG

-2775

INTRADAY LEVELS

71350

% CNG

www.sharetipsexpert.com Page No. 2

OI

13869

CLOSE

INTRADAY LEVELS

VOLUME

71100

13896

LOW

22430

OPEN

22770

HIGH

22835

OPEN

71100

HIGH

CLOSE

22820

Gold trimmed losses on Monday, significantly from its earlier plunge as optimism over the death of AlQaeda leader Osama bin Laden appeared to be short-lived. Earlier dollar was boosted by the

perception that that Bin Laden's death could make the U.S. less subject to further terrorist.

Furthermore, the death of bin Laden will do nothing to curb accelerating global inflation or provide a

solution to the euro zones ongoing sovereign debt crisis. Dollar weakness has been fueling the rally

in gold as economic uncertainties and speculation of more monetary easing by the Fed. Now gold is

getting support at 22426 and below could see a test of 22225 level, and resistance is now likely to

be seen at 22831, a move above could see prices testing 23035.

-194

-0.86


3/8

P.P. 5028

SUP 1 RES 1

4960 5124

SUP 2 RES 2

4864 5192

SUP 3 RES 3

4796 5288

P.P. 414.2

SUP 1 RES 1

410.5 420.7

SUP 2 RES 2

404.0 424.3

SUP 3 RES 3

400.4 430.8

MCX

CRUDEFUTURE

OPEN

415.9

HIGH

417.8LOW

407.65

CLOSE

415.9

OPEN

8

INTRADAY LEVELSCrude oil turned higher as optimism over news of Al Qaeda leader Osama bin Ladens death

appeared to be short-lived and as the U.S. dollar resumed its decline. Dollar was boosted by the

perception that that bin Laden's death could make the U.S. less subject to further terrorist attacks,

but some analysts remained skeptical of whether it would reduce the security risks facing the U.S.

NATO air strikes over the weekend killed Gaddafis youngest son and three of his grandchildren. Anti

government protests escalated in Syria, while violence continued in Yemen in an attempt to maintain

pressure on President Ali Abdullah Saleh. Now crude is getting support at 4960 and below could see

a test of 4864 level, And resistance is now likely to be seen at 5124, a move above could see prices

testing 5192.

MCXC

OPPERFUTUR

E

5040

HIGH

5097

LOW

4933CLOSE

5055

% CNG

0.16

VOLUME

151204

OI

18340

RE CNG

% CNG

0.26

VOLUME

Copper yesterday traded with the positive node and settled 0.26% up at 417 as yesterday shangain

and LME was closed on account of May 1st, China announced its manufacturing PMI was 52.9% in

April, down from March's 53.4%, well below market expectations of 54.0%, a sign of slowing growth

in China's manufacturing industry. Later, the US announced its ISM manufacturing data was 60.4%

in April, higher than market expectations of 60.1%, helping the US dollar index rally. For today's

session market is looking to take support at 410.5, a break below could see a test of 404 and where

as resistance is now likely to be seen at 420.7, a move above could see prices testing 424.3.

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83096

OI

25502

RE CNG

1.1

INTRADAY LEVELS


4/8

P.P. 100.6

SUP 1 RES 1

99.8 102.0

SUP 2 RES 2

98.4 102.8

SUP 3 RES 3

97.6 104.2

P.P. 1186

SUP 1 RES 1

1177 1203

SUP 2 RES 2

1160 1213

SUP 3 RES 3

1151 1229

MCX

ZINCFUTUR

E

OPEN

100.9

HIGH

101.45

LOW

99.25CLOSE

101.2

% CNG

0

VOLUME

8671

OI

11431

RE CNG

0

MCXN

ICKELFUTUR

EOPEN

1196

HIGH

1196LOW

1170

CLOSE

1202.4

% CNG

-0.79

VOLUME

19610

OI

5639

RE CNG

-9.4

INTRADAY LEVELSNickel yesterday traded with the negative node and settled -0.79% down at 1193 LME was closed for

2 session that is on Friday and Monday on account for Royal weeding on Friday and Labour day on

Monday. LME nickel for delivery in three months opened at USD 26,800/mt and closed at USD

26,845/mt last Thursday, up by USD 85/mt from a day earlier, with the highest price at USD

27,000/mt and the lowest price at USD 26,400/mt. Trading sentiment turned quiet, and traders'

willingness to move goods was not high with the approach of National Day holiday. Supply of nickel

from Russia was reduced to certain extent, with relatively firm prices reported. For today's session

market is looking to take support at 1176.7, a break below could see a test of 1160.3 and where as

resistance is now likely to be seen at 1202.8, a move above could see prices testing 1212.5.

www.sharetipsexpert.com Page No. 4

INTRADAY LEVELSZinc yesterday traded with the range bound and settled at 101.2. The overall transactions were

quiet on account of the Labor Day holiday in Shanghai and LME. Last Friday, SHFE three-month zinc

contract prices opened lower at RMB 17,400/mt, and mostly moved between RMB 17,250 -

17,350/mt during the day. Investors left the market ahead of the Labor Day holiday, resulting in

quiet transactions. SHFE zinc prices fell to RMB 17,250-17,350/mt, and spot transactions were also

muted. Downstream buyers were cautious at fluctuating zinc prices.In yesterday's trading session

zinc has touched the low of 99.25 after opening at 100.9, and finally settled at 101.2. For today's

session market is looking to take support at 99.8, a break below could see a test of 98.4 and where

as resistance is now likely to be seen at 102, a move above could see prices testing 102.8.



5/8

P.P. 121.8

SUP 1 RES 1

121.4 122.3

SUP 2 RES 2

121.0 122.7

SUP 3 RES 3

120.6 123.1

P.P. 208.5

SUP 1 RES 1

206.2 210.4

SUP 2 RES 2

204.3 212.7

SUP 3 RES 3

202.0 214.6

MCXALUMINIUMFU

TUR

OPEN

122.2

HIGH

122.2

MCXNA

T.G

AS

FUTURE

OPEN

207.9

HIGH

210.7

% CNG

VOLUME

25815

OI

3288

RE CNG

INTRADAY LEVELSAluminium yesterday traded with the negative node and settled -0.53% down at 121.9. On May 2nd,

ISM announced the index of the manufacturing sector was 60.4% during April, higher than theexpected 59.5%. The US dollar index opened at 73.01 and closed at 73.15 after hitting a low of

72.72, up 0.17%. The US President Obama said Bin Laden was killed in a firefight during a targeted

operation that Mr. Obama ordered in Pakistan, and market players expected that the stabilized

situation in Middle East will increase crude oil supply, and crude oil for June delivery slipped 41 cents

to settle at USD 113.52/bbl on NYMEX as a result. LME market was closed on Monday for a holiday.

For today's session market is looking to take support at 121.4, a break below could see a test of 121

and where as resistance is now likely to be seen at 122.3, a move above could see prices testing

122.7.

-0.1

INTRADAY LEVELSNatural gas yesterday traded with the negative node and settled -0.05% down at 208.2 but overall

trading firm jumping to a 14-week high amid speculation warmer-than-normal weather and declining

production would widen a stockpile deficit. The U.S. EIA said last Thursday that total U.S. natural

gas storage in the week ended April 22 stood at 1.685 trillion cubic feet, 0.6% below the five-year

average. Inventories fell below the five-year average for the first time since the week ended Feb 25.

Stockpiles were 11% below 2010 levels, the widest year-on-year deficit since early August 2008. For

today's session market is looking to take support at 206.2, a break below could see a test of 204.3

and where as resistance is now likely to be seen at 210.4, a move above could see prices testing

212.7.

Page No. 5

-0.65

LOW

121.35CLOSE

122.55

% CNG

-0.53

www.sharetipsexpert.comStrictly for private circulation

5701

RE CNG

LOW

OI

VOLUME

1491

206.5

CLOSE

208.3

-0.05


6/8

MONTH RATE JUNE AUG OCT MONTH RATE JULY SEPT DEC

JUNE 22626 297 688 JULY 68575 560 1434

AUG 22923 391 SEPT 69135 874OCT 23314 DEC 70009

MONTH RATE MAY JUNE JULY MONTH RATE JUNE AUG

MAY 5055 52 98 JUNE 417 5.35

JUNE 5107 46 AUG 422.35

JULY 5153

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 101.2 1.35 MAY 1193 9.8

JUNE 102.55 JUNE 1202.8

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 208.2 5 MAY 1048.1 -91.7

JUNE 213.2 JUNE 956.4

Spread between natural gas MAY & JUN contracts

yesterday ended at 5.00, we have seen yesterday that the

natural gas market had traded with a negative node and

settled -0.05% down. Spread yesterday traded in therange of 4.6 - 5.2.

Spread between menthol oil MAY & JUN contracts

yesterday ended at -91.70, we have seen yesterday that

the menthol oil market had traded with a positive node

and settled 0.8% up. Spread yesterday traded in therange of -91.7 to -84.5.


Spread between copper JUN & AUG contracts yesterday

ended at 5.35, we have seen yesterday that the copper

market had traded with a positive node and settled

0.26% up. Spread yesterday traded in the range of 1.7 -

5.35.

Spread between zinc MAY & JUN contracts yesterday

ended at 1.35, we have seen yesterday that the zincmarket had traded with a range bound node and settled

0% flat. Spread yesterday traded in the range of 0.9 -

1.35.

Spread between nickel MAY & JUN contracts yesterday

ended at 9.80, we have seen yesterday that the nickelmarket had traded with a negative node and settled -

0.79% down. Spread yesterday traded in the range of

9.10 - 10.6.

DAILY SPR EAD IN NICKEL - MCX

DAILY SPREAD IN NAT. GAS - MCX

Spread between Gold JUN & AUG contracts yesterday

ended at 297, we have seen yesterday that the gold

market had traded with a negative node and settled -

0.86% down. Spread yesterday traded in the range of 0 -

297.

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 560, we have seen yesterday that the silver

market had traded with a negative node and settled -

4.05% down. Spread yesterday traded in the range of -

1945 - 560.

Spread between crude APR & MAY contracts yesterday

ended at 52, we have seen yesterday that the crude

market had traded with a positive node and settled 0.16%

up. Spread yesterday traded in the range of 21 - 55.


7/8

DAY TIME CURRENCY Fo re cast P re viou s

2:30pm EUR 0.007 0.008

7:30pm USD 0.019 -0.001

All Day USD 13.0M 13.1M

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

0 0 0 0

0 0 0 0

Total Vehicle Sales

0

0

0

Factory Orders m/ m

ECONOMI

CAL

DATA

Tue

PPI m/ m

DATA

0


NEWSYOUCA

N

USE

Indias pulses imports in the crop year 2010-11 (July-June) are likely to fall 14.28 per cent to 3 million tonnescompared to 3.5 million tonnes shipped in the year-ago period. Higher production in the country will lead to low

imports, traders and importers said. In its third advanced crop estimate earlier this month, the ministry of agriculture

said pulses production in 2010-11 could be 17.3 million tonnes, the highest ever. It pegged tur production at 3.2

million tonnes, urad at 1.8 million tonnes and moong at 1.4 million tonnes. Trade sources and experts put Indias

annual pulses demand at 19 million tonnes, out of which nearly 3-4 million tonnes is imported. The country is the

biggest importer and consumer of pulses. India imports yellow peas mainly from Canada, Ukraine and the US. Yellow

peas demand grew in 2009-10 when consumers started using it as a cheaper substitute to tur dal, which was then

priced at Rs 70 a kg. Even though tur dal rates have nearly halved in past couple of months because of arrival

pressure and better production, yellow split peas are still quoting cheaper, at about Rs 15-18 a kg across the country.

Global natural rubber production for 2011 may come in at 10.025 million tonne, lower than an earlier forecast of

10.060 million tonne due to output revisions in member countries, the ANRPC said. Despite the revision, the global

output for the commodity mainly used in tyre was still higher than 9.473 million tonne in 2010, according to the

Association of Natural Rubber Producing Countries (ANRPC). The ANRPC's total supply would rise this year by 5.8%,

slightly slower than the previously-expected 6.2% rate, the group said in a report. The revision results from down-

scaling of Thailand's figure and China; and slightly improved outlook expected for Indonesia and India. Output in

Thailand, the world's main rubber producer, was revised down to 3.375 million tonne in 2011 from an earlier forecast

of 3.430 million tonne, still higher than 3.252 million tonne in 2010. Second-largest producer Indonesia's output

forecast was raised to 2.972 million tonne from a prior estimate of 2.955 million tonne. Last year, Indonesia

produced 2.736 million tonne.

The Reserve Bank of India, battling surging price pressures, is widely expected to lift key interest rates by 25 basis

points when announcing its annual monetary policy on May 3, even as some economists call for a 50 basis point rise.

A quarter-point rise would take the repo rate, at which it lends to banks, to 7 percent and the reverse repo rate, at

which banks park funds with it to 6 percent, and would be the ninth increase in rates by the Reserve Bank of India

since March 2010. Following a March headline inflation reading of nearly 9 percent, analysts now expect the RBI to

raise rates a total of 75 basis points for the rest of 2011, or 25 basis points more than they anticipated in mid-March.


8/8

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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

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share tips experts commodity report as on 03052011

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