share tips experts commodity report as on 04052011

8/6/2019 Share Tips Experts Commodity Report as on 04052011

1/8

NAME OPEN HIGH LOW CLOSE % CNG

GOLD 22601 22601 22320 22626 -1.13

SILVER 68000 68238 62600 68575 -8.25

GOLD 1536.5 1537.15 1530.6 1535.9 -0.17

SILVER 41.66 41.66 40.63 41.66 -1.06

PLATINUM 1845.5 1847.24 1843 1847.24 0.09


CRUDE 5050 5050 4951 4975 -1.61

N.GAS 208.9 211.2 208 208.2 0.38

CRUDE 112.98 113.22 110.31 111.05 -1.708267


COPPER 416.5 423.95 415.4 417 1.45

ZINC 101 101.8 100.1 101.2 -0.35

NICKEL 1191.3 1221.9 1190.1 1193 2.04

LEAD 112.8 114 112.6 113.45 -0.4

ALUMINIUM 122.25 124.15 121.85 121.9 1.38

COPPER 9340 9340 9227 9342 -1.02 150

ZINC 2260 2260 2246 2251 0.18 475

NICKEL 27200 2790 26800 27103 -0.86 390

LEAD 2503 2505 2495 2510 -0.48 1875

ALUMINIUM 2790 2505 2784 2786.75 0.11 -675

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

18463.23 5542.9 2392.8 1356.62 8584.68 12807.51 10004.2 2904.33 2177.45 23327.34 73.2

-0.39 -0.4 -0.48 -0.34 -0.75 0 0 -0.95 -1.06 -1.29 0.09

Crude oil ended weak in a volatile trade as a broadly

stronger dollar and concerns over declining demand from

the worlds 2 biggest economies weighed on prices.

Natural gas ended positive but pared most of its gains as

investors cashed out of the market to take advantage of a

rally that took prices to a 14-week peak.

BASEMETAL COMPLEX

Base metals yesterday ended mixed but good gains were

seen in copper prices after a report showed factory orders

gained more than forecast in the U.S., the worlds second

largest consumer of the metal. Nickel and aluminium

prices also rose after PPI for March in the euro zone rose

by 0.7%, slightly higher than the forecast

LME STOCK

SPOT $

MCX

LM E

MCX

Daily Commodity Market Update as on Wednesday, May 04, 2011

PRECIOUS METALS COMPLEX

ENERGY COMPLEX

Gold ended down as the U.S. dollar rebounded from a

three-year trough and India raised interest rates to curb

inflation. Silver ended lower after CME raised margins for

the third time in a week, and holdings in the iShares

Silver Trust dropped to a 7-week low.

SPOT $

MCX

COPPER

ZINC

NICKEL

LEAD

ALUMINIUM

463800

821850

117774

310250

4611375

Strictly for private circulation

GLOBAL MARKETS UPDATE

Page No. 1www.sharetipsexpert.com


2/8

P.P. 22431

SUP 1 RES 1

22262 22543

SUP 2 RES 2

22150 22712

SUP 3 RES 3

21981 22824

P.P. 64728

SUP 1 RES 1

61219 66857

SUP 2 RES 2

59090 70366

SUP 3 RES 3

55581 72495

OPEN

22601

HIGH

22601

OPEN

68000

HIGH

CLOSE

22626

Gold were down for a second day by almost -1.13 and settled at 22373 as the U.S. dollar rebounded

from a three-year trough and India raised interest rates to curb inflation. The U.S. dollar foundsupport as risk sentiment weakened amid fears of reprisals after Sundays killing of Al Qaeda leader

Osama bin Laden. Meanwhile, the Reserve Bank of India lifted its benchmark interest rate earlier in

the day to 7.25% from 6.75%, higher than the expected increase to 7.0%. The central bank said

that containing inflation had become more important than short-term growth. Rising interest rates

historically have been a negative for gold, which cannot compete with the higher interest rates

offered by other assets. Now gold is getting support at 22262 and below could see a test of 22150

level, And resistance is now likely to be seen at 22543, a move above could see prices testing

22712.

-253

-1.13

Strictly for private circulation

Silver tumbled, capping the biggest two-day slide since October 2008, after margin requirements on

the Comex increased for the third time in less than a week also pressure seen as holdings in the

iShares Silver Trust dropped to a 7-week low to 10,909.06 tonnes by May 3. Further dampening

sentiment in precious metals, latest U.S. data showed factory orders surged in March, a fifth straight

monthly increase, indicating a healthy manufacturing sector well placed to support economic

recovery. The dollar hovered above a near three-year low against a basket of currencies on

Wednesday, as the euro held firm against the greenback on expectations of further rate hikes by the

ECB. Now technically market is trading in the range as RSI for 18days is currently indicating 49.34,

where as 50DMA is at 59910.96 and silver is trading above the same and getting support at 61219

and below could see a test of 59090 level, And resistance is now likely to be seen at 66857, a move

RE CNG

-5228

INTRADAY LEVELS

68575

% CNG

www.sharetipsexpert.com Page No. 2

OI

15497

CLOSE

INTRADAY LEVELS

VOLUME

68238

13503

LOW

22320

MCX

GOLDFUTUR

E

LOW

MCXS

ILVERFUTUR

E

47015

OI

% CNG

VOLUME

62600

RE CNG

141697

-8.25


3/8

P.P. 4992

SUP 1 RES 1

4934 5033

SUP 2 RES 2

4893 5091

SUP 3 RES 3

4835 5132

P.P. 420.8

SUP 1 RES 1

417.7 426.3

SUP 2 RES 2

412.3 429.4

SUP 3 RES 3

409.2 434.8

% CNG

1.45

VOLUME

Copper yesterday traded with the positive node and settled 1.45% up at 423.15 most in a week

after U.S. Factory Orders Advance after a report showed factory orders gained more than forecast in

the U.S., the worlds second-largest consumer of the metal. The LME warehousing committee will

meet two weeks earlier than planned, on May 27, to discuss a study on rules governing the

withdrawal of metal from warehouses. ETF Securities Ltd. introduced the first exchange-traded

products backed by physical aluminum, lead and zinc in London, adding to similar ETPs holding

copper, nickel and tin that began trading in December. Chile's Codelco, sees copper prices staying

high for some time as the costs of production mount, the state-run company's chairman said. For

today's session market is looking to take support at 417.7, a break below could see a test of 412.3

and where as resistance is now likely to be seen at 426.3, a move above could see prices testing

Strictly for private circulation www.sharetipsexpert.com Page No. 3

99957

OI

22106

RE CNG

6.15

INTRADAY LEVELS

5050

HIGH

5050

LOW

4951CLOSE

4975

% CNG

-1.61

VOLUME

101655

OI

14056

RE CNG

OPEN

-80

INTRADAY LEVELSCrude oil were down by -1.61 that is settled at 4975, volatile trade as a broadly stronger dollar and

concerns over declining demand from the worlds 2 biggest economies weighed on prices. The dollar

found support as risk sentiment weakened amid fears of reprisals after Sundays killing of Osama bin

Laden. The dollar index, which tracks the performance of the greenback versus a basket of six other

major currencies, was up 0.07% to hit 73.34, after earlier rising to 73.49, rebounding from a three-

year trough. Official Chinese data published late Sunday showed that the countrys purchasing

managers index fell unexpectedly to 52.9 in April from 53.4 in March, confounding expectations of

an increase to 54.0. Now crude is getting support at 4934 and below could see a test of 4893 level,

And resistance is now likely to be seen at 5033, a move above could see prices testing 5091.

MCXC

OPPERFUTUR

E

MCX

CRUDEFUTURE

OPEN

416.5

HIGH

423.95LOW

415.4

CLOSE

417


4/8

P.P. 100.9

SUP 1 RES 1

100.0 101.7

SUP 2 RES 2

99.2 102.6

SUP 3 RES 3

98.3 103.4

P.P. 1210

SUP 1 RES 1

1198 1230

SUP 2 RES 2

1178 1242

SUP 3 RES 3

1166 1262


INTRADAY LEVELSZinc yesterday traded with the negative node and settled -0.35% down at 100.85 tracking LME zinc

prices overnight which moved between USD 2,235-2,265/mt during the Asian trading hours, thenfell to USD 2,215/mt since the US dollar index rebounded to 73.3. According to data from the US

Commerce Department, US factory orders during March rose 3.0%, to USD 462.91 billion, an

increase for the fifth straight month, while the forecast was a 2.0% increase. In this context, LME

zinc prices rallied to close at USD 2,260/mt, down USD 5/mt. Transactions were quiet, with trading

volumes decreasing by 1,870 lots to 6,232 lots, and total positions decreasing by 1,757lots to

235,156 lots. SHFE 1107 zinc contract prices are expected to fluctuate widely above RMB 17,000/mt.

For today's session market is looking to take support at 100, a break below could see a test of 99.2

and where as resistance is now likely to be seen at 101.7, a move above could see prices testing

MCXN

ICKELFUTUR

EOPEN

1191

HIGH

1222LOW

1190

CLOSE

1193

% CNG

2.04

VOLUME

39369

OI

5488

RE CNG

24.8

INTRADAY LEVELSNickel yesterday traded with the positive node and settled 2.04% up at 1217.8 tracking LME nickel

which opened at USD 26,737/mt and closed at USD 27,103/mt, up by USD 258/mt from a day

earlier, with the highest price at USD 27,325/mt and the lowest price at USD 26,450/mt. LME base

metals largely closed with gains on Tuesday and reversed upward trend, due to the weak US dollar

and from support from upbeat data from the US manufacture and construction sectors. LME nickel

prices fluctuated narrowly overnight, but were boosted to advance significantly from upbeat

economic data from the US during the European trading hours, with prices finally closing above USD

27,000/mt at the tail of the trading. In yesterday's trading session nickel has touched the low of

1190.1 after opening at 1191.3, and finally settled at 1217.8. For today's session market is looking

to take support at 1198, a break below could see a test of 1178.1 and where as resistance is now

101.2

% CNG

-0.35

VOLUME

17348

OI

12046

RE CNG

-0.35

OPEN

101

HIGH

101.8

LOW

100.1CLOSE

MCX

ZINCFUTUR

E


5/8

P.P. 123.2

SUP 1 RES 1

122.3 124.6

SUP 2 RES 2

120.9 125.5

SUP 3 RES 3

120.0 126.9

P.P. 209.4

SUP 1 RES 1

207.6 210.8

SUP 2 RES 2

206.2 212.6

SUP 3 RES 3

204.4 214.0

www.sharetipsexpert.comStrictly for private circulation

5297

RE CNG

LOW

OI

VOLUME

3709

208

CLOSE

208.2

0.38

OI

3485

RE CNG

INTRADAY LEVELSAluminium yesterday traded with the positive node and settled 1.38% up at 123.6 after PPI for

March in the euro zone rose by 0.7%, slightly higher than the forecast, and the euro rebounded inresponse. US factory orders for March rose by 3.0%, much better than the forecast of a 0.7%

increase. In this context, LME base metals prices rose during the European trading hours, with the

US dollar index fluctuating around 73. LME aluminum prices overnight fluctuated and found support

at USD 2,740/mt in the morning, and surged to USD 2,800/mt level due to positive US economic

data, then rose to a record high of USD 2,803/mt since August 2008. Trading volumes increased

slightly, and with prices finally closing at USD 2,786.8/mt, up USD 22.8/mt. For today's session

market is looking to take support at 122.3, a break below could see a test of 120.9 and where as

resistance is now likely to be seen at 124.6, a move above could see prices testing 125.5.

0.8

INTRADAY LEVELSNatural gas yesterday traded with the positive node and settled 0.38% up at 209 trading in the tight

range but getting pressure as investors cashed out of the market to take advantage of a rally that

took prices to a 14-week peak. On Monday, natural gas futures rose to 211.40, the highest price

since January 24, amid speculation warmer-than-normal weather and declining production would

widen a stockpile deficit. However, the rally prompted some investors to sell their position on profit

taking and lock in gains on speculation that the markets recent rally had accounted for the boost to

early season air conditioning demand. U.S. natural gas supplies totaled 1.685 trillion cubic feet in the

week ended April 22, 0.6% below the five-year average and 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

207.6, a break below could see a test of 206.2 and where as resistance is now likely to be seen at

Page No. 5

1.7

LOW

121.85CLOSE

121.9

% CNG

1.38

MCXNA

T.G

AS

FUTURE

OPEN

208.9

HIGH

211.2

% CNG

VOLUME

21477

OPEN

122.25

HIGH

124.15

MCXALUMINIUMFU

TUR


6/8

MONTH RATE JUNE AUG OCT MONTH RATE JULY SEPT DEC

JUNE 22373 294 652 JULY 63347 295 1144

AUG 22667 358 SEPT 63642 849OCT 23025 DEC 64491

MONTH RATE MAY JUNE JULY MONTH RATE JUNE AUG

MAY 4975 50 111 JUNE 423.15 5.45

JUNE 5025 61 AUG 428.6

JULY 5086

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 100.85 1.3 MAY 1217.8 9.4

JUNE 102.15 JUNE 1227.2

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 209 5.2 MAY 1045.7 -91.9

JUNE 214.2 JUNE 953.8

SPREADMARKET

Spread between Silver JUL & SEP contracts yesterday

ended at 295, we have seen yesterday that the silver

market had traded with a negative node and settled -

8.25% down. Spread yesterday traded in the range of 0 -

592.

Spread between crude APR & MAY contracts yesterday

ended at 50, we have seen yesterday that the crude


1.61% down. Spread yesterday traded in the range of 35

56.

ACTIVE SPREAD UPDATE

DAILY SPR EAD IN ZINC - MCX

DAILY SPREAD IN CRUDE - MCX

DAILY SPREAD IN GOLD - MCX DAILY SPREAD IN SILVER - MCX

DAILY SPR EAD IN MENTHOL - MCX

DAILY SPREA D IN COPPER - MCX

Spread between Gold JUN & AUG contracts yesterday

ended at 294, we have seen yesterday that the gold


1.13% down. Spread yesterday traded in the range of 89

294.

Spread between natural gas MAY & JUN contracts

yesterday ended at 5.20, we have seen yesterday that the

natural gas market had traded with a positive node and

settled 0.38% up. Spread yesterday traded in the range of5 - 5.7.

Spread between menthol oil MAY & JUN contracts

yesterday ended at -91.90, we have seen yesterday that

the menthol oil market had traded with a negative node

and settled -0.23% down. Spread yesterday traded in therange of -97.9 to -91.9.


Spread between copper JUN & AUG contracts yesterday

ended at 5.45, we have seen yesterday that the copper

market had traded with a positive node and settled

1.45% up. Spread yesterday traded in the range of 5.4 -

7.

Spread between zinc MAY & JUN contracts yesterday

ended at 1.3, we have seen yesterday that the zincmarket had traded with a negative node and settled -

0.35% down. Spread yesterday traded in the range of 1 -

1.5.

Spread between nickel MAY & JUN contracts yesterday

ended at 9.40, we have seen yesterday that the nickelmarket had traded with a positive node and settled

2.04% up. Spread yesterday traded in the range of 9.40 -

11.7.

DAILY SPR EAD IN NI CKEL - MCX

DAILY SPREAD IN N AT. GAS - MCX


7/8

DAY TIME CURRENCY Fo re cast P re viou s

1:30pm EUR 56.9 56.9

2:30pm EUR 0.002 -0.001

5:00pm USD 0 -0.386

5:45pm USD 200K 201K7:30pm USD 57.9 57.3

8:00pm USD 1.9M 6.2M

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


NEWSYOUCA

N

USE

State-owned trading firm MMTC has invited tenders for the sale of 2,000 tonne of red lentils for supply in the

domestic market. Bids will close on May 3 and a decision on awarding the tender will be taken on the same day,

MMTC said on its website. The company is offering to sell 2,000 tonne of red lentils of Canadian/Australian origin of

the crop year 2009. At present, the pulses are stored at a godown in Kolkata, MMTC added. Offers should be for a

minimum lot of 50 tonne and in multiples of 50 tonne thereafter, it added. MMTC and other state-run trading

agencies like STC and PEC import varieties of pulses on behalf of the government to augment domestic supply.

Maize prices rose marginally by 0.3% to Rs 10,677 per tonne this week, a US Grains Council (USGC) report has said.

Maize prices were ruling at Rs 10,645 per tonne last week, according to the USGC report. However, on an annual

basis, the prices this week are 15% higher than the price in the year-ago period. The average price in April 2011 was

Rs 10,676 per tonne, an increase of 17.72% as compared to the average price in April 2010. Prices of maize went up

in Uttar Pradesh by 4.87% to Rs 10,946 per tonne, in Andhra Pradesh by 1.27% to Rs 10,500 per tonne, by 0.81%

to Rs 11,192 per tonne in Gujarat and by 0.42% to Rs 11,156 in Karnataka. However, maize prices fell in

Maharashtra by 4.2% to Rs 11,430 per tonne and by 0.29% to Rs 11,383 per tonne in Rajasthan. Maize prices in

Tamil Nadu were stable at Rs 11,621 per tonne. In the spot markets, prices of maize were up in Nizamabad to Rs

12,895 per tonne, in Davangere it went up by 1.21% to Rs 12,212 per tonne and in Karimnagar they were higher by

0.41% to Rs 12,833 per tonne.

The Reserve Bank of India raised interest rates by a sharper-than-expected 50 basis points on Tuesday and said

fighting inflation is its priority, even at the expense of short-term growth. The rate rise was its ninth since March

2010, and exceeded market and economists' expectations for a 25 basis point rise; although the case for stronger

action had been building since March headline inflation reached nearly 9 percent. The central bank said high prices of

oil and other commodities and the cumulative impact of its policy measures will lead to moderating growth of about 8

percent for the current fiscal year, assuming a normal summer monsoon and global crude oil prices of $110 a barrel.

The Reserve Bank of India lifted its repo rate, at which it lends to banks, to 7.25 percent.

DATA

ECONOMI

CAL

DATA

Wed

Final Services PMI

Challenger Job Cuts y/ y

ADP Non -Farm Employment ChangeISM Non-Manufacturing PMI

Crude Oil Inventories

Retail Sales m/ m


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


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.

share tips experts commodity report as on 04052011

Documents