share tips experts commodity report as on 09052011

8/6/2019 Share Tips Experts Commodity Report as on 09052011

1/8

NAME OPEN HIGH LOW CLOSE % CNG

GOLD 21889 21933 21845 21846 0.16

SILVER 54500 55300 54500 54296 1.13

GOLD 1491.7 1504.65 1490.1 1494.6 0.63

SILVER 35.64 36.32 35.45 35.59 1.88

PLATINUM 1777 1794.7 1775.5 1791.75 0.63


CRUDE 4444 4444 4390 4416 -0.91

N.GAS 190.5 193.6 190.2 191.1 0.78

CRUDE 99.76 102.38 94.63 97.18 -2.586207


COPPER 398.8 403.2 398 398.6 0.33

ZINC 96.7 97.65 96.45 95.9 0.93

NICKEL 1105.9 1118 1103.7 1103.7 0.65

LEAD 103.5 105.75 103.5 103.25 1.43

ALUMINIUM 116.4 117.7 116.35 116.45 0.21

COPPER 8846.75 8940 8840 8789 1.57 -275

ZINC 2145 2173 2139.75 2146.75 1.21 1150

NICKEL 24510 2636 24510 24500 1.84 -120

LEAD 2293 2335 2290 2287.25 1.66 0

ALUMINIUM 2612 2335 2605.75 2610 1 -3025

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

18588.51 5566.2 2383.18 1340.2 8425.9 12638.74 9825.74 2874.48 2148.86 23363.65 74.55

0.38 0.27 0.34 0.38 0.34 0.43 -0.34 0.37 0.07 0.88 -0.26

GLOBAL MARKETS UPDATE

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4600325

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COPPER

ZINC

NICKEL

LEAD

ALUMINIUM

467175

823375

116244

311450

Crude oil slumped as a stronger dollar prompted investors

to continue trimming oil bets. Oil's sharp slide this week is

welcome because high prices may hurt the world

economy and in the longer term accelerate the use of

alternative fuels, OPEC delegates said. Natural gas ended

firm on Saturday but on week ended lower on the outlook

for demand, as stockpiles rose more than expected and

commodities tumbled on speculation that economic

growth will slow.

BASEMETAL COMPLEX

Base metals ended positive on short covering Saturday

after prices eked out a modest gain on Friday after

upbeat U.S. employment data helped calm commodity

markets spooked into free fall on Thursday by fears of

slowing growth in the world's No. 1 economy.

LME STOCK

SPOT $

MCX

LM E

MCX

Daily Commodity Market Update as on Monday, May 09, 2011

PRECIOUS METALS COMPLEX

ENERGY COMPLEX

Precious metal prices rallied Saturday in tandem with

other markets after data showed private-sector hiring hit

a five-year high in April. But metals pared gains later on

Friday when the dollar surged against the euro after a

German media report suggested Greece had raised the

possibility of leaving the euro zone.

SPOT $

MCX


2/8

P.P. 21886

SUP 1 RES 1

21839 21927

SUP 2 RES 2

21798 21974

SUP 3 RES 3

21751 22015

P.P. 54906

SUP 1 RES 1

54513 55313

SUP 2 RES 2

54106 55706

SUP 3 RES 3

53713 56113

4500

1.13

MCX

GOLDFUTUR

E

LOW

MCXS

ILVERFUTUR

E

2120

OI

% CNG

VOLUME

54500

RE CNG


Silver rose snapping a five-day losing streak that cut prices by almost a third after encouraging U.S.

jobs data triggered a broad bounce in beaten-down commodities. Silver suffered the biggest sell-off

since the 1980 collapse in prices following the Hunt Bothers squeeze, triggered by a succession of

margin hikes that nearly doubled costs. Now technically market is trading in the range as RSI for

18days is currently indicating 36.99, where as 50DMA is at 60039.12 and silver is trading below the

same and getting support at 54513 and below could see a test of 54106 level, And resistance is now

likely to be seen at 55313, a move above could see prices testing 55706.

RE CNG

623

INTRADAY LEVELS

54296

% CNG

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OI

14338

CLOSE

INTRADAY LEVELS

VOLUME

55300

12459

LOW

21845

OPEN

21889

HIGH

21933

OPEN

54500

HIGH

CLOSE

21846

Gold bounced as jewelers, physical buyers and bargain hunters, especially in Asia, took advantage of

lower prices. Indians took gold's latest tumble as another incentive to buy on Akshaya Tritiya, one of

the major gold-buying festivals, and as India's wedding season gathered pace. India's gold market is

almost entirely fed by imports, which are expected to climb 64% to as much as 550 tonnes in 2011

with a normal monsoon forecast which may help farm incomes recover after a severe drought in

2009 slashed spending power. Now technically market is trading in range as RSI for 18days is

currently indicating 51.89, whereas 50DMA is at 21493 and gold is trading above the same and

getting support at 21839 and below could see a test of 21798 level and resistance is now likely to be

seen at 21927, a move above could see prices testing 21974.

34

0.16


3/8

P.P. 4417

SUP 1 RES 1

4389 4443

SUP 2 RES 2

4363 4471

SUP 3 RES 3

4335 4497

P.P. 400.4

SUP 1 RES 1

397.5 402.7

SUP 2 RES 2

395.2 405.6

SUP 3 RES 3

392.3 407.9

MCX

CRUDEFUTURE

OPEN

398.8

HIGH

403.2LOW

398

CLOSE

398.6

OPEN

-40

INTRADAY LEVELSCrude oil slumped as a stronger dollar prompted investors to continue trimming oil bets. Oil demand

worries continued to pressure the market, after recent data showed a slowdown in quarterly

economic growth and government data midweek which showed gasoline demand down 1.9 percent

from a year ago. Oil's sharp slide this week is welcome because high prices may hurt the world

economy and in the longer term accelerate the use of alternative fuels, OPEC delegates said. Now

technically market is in oversold as RSI for 18days is currently indicating 29.13, where as 50DMA is

at 4831.76 and crude is trading below the same and getting support at 4389 and below could see a

test of 4363 level, And resistance is now likely to be seen at 4443, a move above could see prices

testing 4471.

MCXC

OPPERFUTUR

E

4444

HIGH

4444

LOW

4390CLOSE

4416

% CNG

-0.91

VOLUME

4614

OI

9376

RE CNG

% CNG

0.33

VOLUME

Copper ended with gains on short covering after prices on Friday eked out a modest gain after

upbeat US employment data helped calm commodity markets spooked into free fall on Thursday by

fears of slowing growth in the world's No. 1 economy. Open interest in U.S. copper futures fell on

Friday to the lowest since Feb 2010. Open interest in copper amounted to 124,522 lots, down 1,736

lots from the day before and the lowest since Feb. 26, 2010, as the key July contract extended

losses this week through the psychological $4 per lb level. Copper has touched a low of Rs 398 a kg

after opening at Rs 398.8, and last traded at Rs399.9.For today market is looking for the support at

397.5, a break below could see a test of 395.2 and where as resistance is now likely to be seen at

402.7, a move above could see prices testing 405.6.

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7374

OI

24890

RE CNG

1.3

INTRADAY LEVELS


4/8

P.P. 97.0

SUP 1 RES 1

96.3 97.5

SUP 2 RES 2

95.8 98.2

SUP 3 RES 3

95.1 98.7

P.P. 1111

SUP 1 RES 1

1104 1118

SUP 2 RES 2

1097 1125

SUP 3 RES 3

1089 1132

MCX

ZINCFUTUR

E

OPEN

96.7

HIGH

97.65

LOW

96.45CLOSE

95.9

% CNG

0.93

VOLUME

1593

OI

8479

RE CNG

0.9

MCXN

ICKELFUTUR

EOPEN

1106

HIGH

1118LOW

1104

CLOSE

1103.7

% CNG

0.65

VOLUME

1728

OI

5624

RE CNG

7.2

INTRADAY LEVELS

Nickel prices likely to trade weak only as the threat of huge over-supply will act as a drag on nickel

from now on. Jinchuan Group cut ex-works nickel prices by RMB 7,000/mt to RMB 187,000/mt last

Friday, and spot prices slipped in response. Mainstream traded price in the Shanghai nickel spot

market fell to RMB 188,000/mt.Nickel has touched a low of Rs 1103.7 a kg after opening at

Rs.1105.9, and last traded at Rs 1110.9.For today market is looking for the support at 1103.7, a

break below could see a test of 1096.6 and where as resistance is now likely to be seen at 1118, a

move above could see prices testing 1125.2. Spread between nickel MAY & JUN contracts yesterday

ended at 10.20. Spread yesterday traded in the range of 10.20 - 15.9.

www.sharetipsexpert.com Page No. 4

INTRADAY LEVELSZinc prices likely to be under pressure as vast inventories of zinc likely to weigh on that market

though as it remains in supply surplus. Last Friday, the US dollar index continued to rebound, withthe index generally moving around 74 during the day, and even rising to 74.8 during the night. In

this context, LME zinc prices moved between USD 2,120-2,130/mt in the morning session during the

Asian trading hours, and fell to USD 2,048 in the midday. In the evening, the US Labor released that

the number of non-farm employment for April increased by 244,000, and the private sector added

268k jobs during April, the largest increase since 2006. In this context, LME zinc prices overnight

rallied to close at USD 2,145/mt, up USD 29/mt. Now support for the zinc is seen at 96.3 and below

could see a test of 95.8. Resistance is now likely to be seen at 97.5, a move above could see prices

testing 98.2.



5/8

P.P. 116.9

SUP 1 RES 1

116.1 117.5

SUP 2 RES 2

115.6 118.3

SUP 3 RES 3

114.8 118.8

P.P. 192.1

SUP 1 RES 1

190.7 194.1

SUP 2 RES 2

188.7 195.5

SUP 3 RES 3

187.3 197.5

MCXALUMINIUMFU

TUR

OPEN

116.4

HIGH

117.7

MCXNA

T.G

AS

FUTURE

OPEN

190.5

HIGH

193.6

% CNG

VOLUME

590

OI

2996

RE CNG

INTRADAY LEVELSAluminium yesterday traded with the positive node and settled 0.21% up at 116.7 tracking gains in

other metals counter amid short covering. Some support had been seen from the LME stock alsowhich came down by -3025mt, the total stock at LME is now at 4600325mt. US dollar index climbed

to 74.913 at the tail of trading, weighing down LME aluminum prices to USD 2,640/mt. As crude oil

prices failed to rebound to USD 100/bbl, LME aluminum prices experienced a drop of 1.1%, with

prices finally closing at USD 2,610/mt, down USD 29/mt. In yesterday's trading session aluminium

has touched the low of 116.35 after opening at 116.4, and finally settled at 116.7. For today's

session market is looking to take support at 116.1, a break below could see a test of 115.6 and

where as resistance is now likely to be seen at 117.5, a move above could see prices testing 118.3.

Spread between aluminium MAY & JUN contracts yesterday ended at 0.75. Spread yesterday traded

1.5

INTRADAY LEVELSNatural gas ended firm on Saturday but on week ended lower on the outlook for demand, as

stockpiles rose more than expected and commodities tumbled on speculation that economic growth

will slow. Gas dropped 9.9 percent this week, the most since the five- days ended Aug. 27, after the

Energy Department said inventories increased by 72 billion cubic feet last week. Gas stockpiles rose

to 1.757 trillion cubic feet in the week ended April 29, the Energy Department reported. Market has

opened at 190.5 & made a low of 190.2 versus the day high of 193.6. The total volume for the day

was at 590 lots and the open interest was at 3395.Now support for the Natural Gas is seen at 190.7

and below could see a test of 188.7. Resistance is now likely to be seen at 194.1, a move above

could see prices testing 195.5.

Page No. 5

0.25

LOW

116.35CLOSE

116.45

% CNG

0.21

www.sharetipsexpert.comStrictly for private circulation

3395

RE CNG

LOW

OI

VOLUME

281

190.2

CLOSE

191.1

0.78


6/8

MONTH RATE JUNE AUG OCT MONTH RATE JULY SEPT DEC

JUNE 21880 279 632 JULY 54919 611 1335

AUG 22159 353 SEPT 55530 724OCT 22512 DEC 56254

MONTH RATE MAY JUNE JULY MONTH RATE JUNE AUG

MAY 4416 60 114 JUNE 399.9 5.3

JUNE 4476 54 AUG 405.2

JULY 4530

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 96.8 1.35 MAY 1110.9 10.2

JUNE 98.15 JUNE 1121.1

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 192.6 5.2 MAY 962.6 -54

JUNE 197.8 JUNE 908.6

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 0.78% up. Spread yesterday traded in the range of5.1 - 6.1.

Spread between menthol oil MAY & JUN contracts

yesterday ended at -54.00, we have seen yesterday that

the menthol oil market had traded with a positive node

and settled 0.02% up. Spread yesterday traded in therange of -69 to -53.5.


Spread between copper JUN & AUG contracts yesterday

ended at 5.3, we have seen yesterday that the copper

market had traded with a positive node and settled

0.33% up. Spread yesterday traded in the range of 4.8 -

5.4.

Spread between zinc MAY & JUN contracts yesterday

ended at 1.35, we have seen yesterday that the zincmarket had traded with a positive node and settled 0.93%

up. Spread yesterday traded in the range of 1 - 1.35.

Spread between nickel MAY & JUN contracts yesterday

ended at 10.20, we have seen yesterday that the nickelmarket had traded with a positive node and settled

0.65% up. Spread yesterday traded in the range of 10.20

- 15.9.

DAILY SPR EAD IN NI CKEL - MCX

DAILY SPREAD IN N AT. GAS - MCX

Spread between Gold JUN & AUG contracts yesterday

ended at 279, we have seen yesterday that the gold

market had traded with a positive node and settled 0.16%

up. Spread yesterday traded in the range of 205 - 279.

DAILY SPREA D IN COPPER - MCX

DAILY SPR EAD IN MENTHOL - MCX

ACTIVE SPREAD UPDATE

DAILY SPR EAD 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 611, we have seen yesterday that the silver

market had traded with a positive node and settled

1.13% up. Spread yesterday traded in the range of 495 -

1272.

Spread between crude APR & MAY contracts yesterday

ended at 60, we have seen yesterday that the crude

market had traded with a negative node and settled -

0.91% down. Spread yesterday traded in the range of 36

60.


7/8

DAY TIME CURRENCY Fo re cast P re viou s

11:30am EUR 12.5B 11.4B

2:00pm EUR 14.3 14.2

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

0 0 0 0

0

0

0

0

0

0

0

0

Sentix Investor Confidence

ECONOMI

CAL

DATA

Mo n

German Trade Balance

DATA

0

0

0


NEWSYOUCA

N

USE

Gold prices may have hit historic highs but this hasn't dented the allure of the yellow metal. Gold exchange traded

funds' (ETFs) turnover on the National Stock Exchange (NSE) shot up 44% year-onyear for January-April 2011 to Rs

1112 crore, data shows. Their total traded value on NSE, which was Rs 13.9 crore in 2006-2007 , skyrocketed to Rs4074.3 crore in 2010-2011 , recording 313% compounded annual growth rate. "People have started realising the

importance of having gold in their portfolio as it has been giving consistent returns in the last few years," says Ravi

Prakash Sharma, who manages the SBI gold exchange traded scheme. "Retail investors are coming into gold ETFs.

The performance (of gold ETFs) is driving retail interest," says Dhruva Raj Chatterji, senior research analyst,

Morningstar India , an investment research firm. "Gold is seen as a safe asset during uncertain market conditions ,"

says an NSE spokesperson. Gold has given 22% annualised return between April 2007 and 2011, one of the best

among widely traded asset classes. Gold ETF is the among the top-2 performers in the one and three year periods.

From just one scheme and 435 trading members in 2006-07 , the NSE, which started a website dedicated to gold

ETFs, hosted 10 schemes and 892 members in 2010-11 . Folios or investors accounts in gold ETFs have more than

doubled in one year to 319679 in 2010-11 .

The ministry of environment and forests, for the first time has chalked out comprehensive effluent standard norms

for the rubber industry across all product categories. According to official sources this measure will check the

pollution problem arising from rubber parks coming up in the country. While one was situated only in Kerala since the

last seven-eight years, some are coming up in Tripura now. Effluent standard is a type of limit imposed by the

environment ministry or any other government agency on quantities, rates and concentrations of materials/pollutants

in waste water discharges. While the order has been passed upon the intervention of the court, another salient

feature of this order is that this rule sets precedence for other industries as well. Earlier central government used to

make broad guidelines for the pollution norms and the respective state pollution boards used to frame laws. Now,

with the interim order of the High Court of Punjab and Haryana, if the state laws are found deficient or lacking

strength to combat the pollution issues in a respective industry, central government could frame the respective

pollution norms - air and water, and states have to abide by them and state pollution control boards will have to

monitor it.

Bond yields softened on Friday as global crude oil prices retreated further and strengthened hope domestic

inflationary pressures could ease marginally. The 10-year benchmark bond yield eased to 8.17 percent from 8.26

percent on Thursday, after hovering at 8.20 percent for most of the morning, and the second-most traded 8.13

percent, 2022 bond yield eased to 8.37 percent from 8.45 percent previously. Expectations that the government will

raise state-controlled fuel prices next week despite the pull back in global crude prices will keep underlying mood

cautious.


8/8

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share tips experts commodity report as on 09052011

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