bullion commodity reports for the week (07th mar -11th mar - 2011)
TRANSCRIPT
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8/7/2019 Bullion Commodity Reports for the Week (07th Mar -11th Mar - 2011)
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Weekly Report
Commodity 0 7 t h M a r c h - 1 2 t h M a r c h 2 0 1 1
www.capitalvia.comCapitalvia Global Research Limited
WEEKLY
Precious Metals RecoversOn China's Demand !
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2 | www.capitalvia.com
Weekly Report
Commodity
Economic Data
Capitalvia Global Research Limited
1:30am
8:30pm
Consumer Credit m/m
IBD/TIPP Economic Optimism
USD
USD
8:30pm
9:00pm
Wholesale Inventories m/m
Crude Oil Inventories
USD
USD
WedMar 9
-0.4M
1.0%
6.1B
50.9
1.0%
3.6B
51.8
Date Time Currency Economic Data Forecast Previous
TueMar 8
6:00pm
6:45pm
8:30pm
9:00pm
Challenger Job Cuts y/y
ADP Non-Farm Employment Change
Fed Chairman Bernanke Testifies
Crude Oil Inventories
JPY
JPY
USD
USD
WedMar 2
187K
-46.0%
0.8M
180K
7:00pm
7:00pm
9:00pm
Trade Balance
Unemployment Claims
Natural Gas Storage
USD
USD
USD
ThuMar 10368K
-85B
-40.6B
373K
-41.3B
7:00pm
7:00pm
9:00pm
Trade Balance
Unemployment Claims
Natural Gas Storage
USD
USD
USD
ThuMar 10
368K
-85B
-40.6B
373K
-41.3B
12:30am
7:00pm
7:00pm
8:25pm
8:25pm
8:30pm
Federal Budget Balance
Core Retail Sales m/m
Retail Sales m/m
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
Business Inventories m/m
USD
USD
USD
USD
USD
USD
FriMar 11
0.3%
0.3%
77.5
3.4%
0.8%
-49.8B
0.7%
0.6%
77.3
0.6%
-235.1B
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8/7/2019 Bullion Commodity Reports for the Week (07th Mar -11th Mar - 2011)
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GOLD
COMEX Gold is in an upward phase. Last week COMEX Gold sustains above the level of
1405$ and was, made a weekly close above 1420$ an ounce. In the coming week 1390$will act as a major support in COMEX Gold, if COMEX Gold sustains above 1425$ an ounce
then above 1441 $ an ounce it can touch the level of 1460$ an ounce and if COMEX Gold
sustains below 1390$ then it can slightly correct and test the level of 1370$ an ounce.
Market Overview
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above
1425$ an ounce, then above 1441$ it can test the level of 1460$ an ounce and above1460$ it can further move upward. Trade by keeping the strict stop losses.Major support for COMEX Gold in the coming week is 1370$ and 1340$.Major resistance for COMEX Gold in the coming week is 1450$ and 1475$Major support in MCX Gold is 20800 and 20400Major resistance in MCX Gold is 21200 and 21450
Strategy
SILVER
COMEX Silver is technically strong on charts. Last week COMEX Silver sustained above3200$. For the upcoming week 3325$ and 3150$ are the crucial supports and 3600$ and
3370$ are crucial resistance in COMEX Silver. In MCX Silver 55000 and 58000 will act as
major resistance and 50000 and 48600 will act as major supports.
Market Overview
COMEX Silver is technically strong on charts. Last week COMEX Silver sustained above
3200$. For the upcoming week 3325$ and 3150$ are the crucial supports and 3600$ and3370$ are crucial resistance in COMEX Silver. In MCX Silver 55000 and 58000 will act as
major resistance and 50000 and 48600 will act as major supports.
Strategy
Capitalvia Global Research Limited
1496 1460 1444 1424 1408 1389
R3 R2 R1 PP S1 S2 S3
1353
Script
Levels
3958 3716 3624 3474 3382 3232
R3 R2 R1 PP S1 S2 S3
2990
Script
Levels
Weekly Report
Commodity
Technical Analysis
4 | www.capitalvia.com
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CRUDE OIL
NYMEX Crude is in upward phase. Last week in Crude oil sustained above 96$ and closed
to its week high. For the coming week 89.50$ will act as major support and 110 $ a barrelwill be a major resistance. In MCX Crude Oil major resistance is found at 4800 and 4950 and
major supports will be 4590 and 4370.
Market Overview
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains
above the level of 93.50 $ a barrel then above 106 $ it can slightly come up and touch the
level of 107.20 $ a barrel and in MCX above 4800 Crude oil can touch the level of 4880 if it
sustains above 4590. Trade by keeping the proper stop loss.
Strategy
COPPER
Copper is in an upward consolidation phase and traders should use the strategy of buy onlower levels. Last week COMEX Copper neither sustained on higher level nor at lower levels.
If next week COMEX Copper sustains above the level of 441 then above the level of 456
Copper can test the level of 463. In MCX Copper above 455 Copper can test the level of 462
if it does not break the level of 430 on the downside.
Market Overview
For the upcoming week 460 and 470 will act as major resistance and 420 and 407 will act as
major supports in COMEX Copper. For MCX Copper major resistance would be 460 and 472
and supports would be found at 427 and 418.
Strategy
Capitalvia Global Research Limited
119.59 110.79 107.60 101.99 98.80 93.19
R3 R2 R1 PP S1 S2 S3
84.39
Script
Levels
474.50 461.70 455.10 448.85 442.30 436.00
R3 R2 R1 PP S1 S2 S3
423.10
Script
Levels
Technical Analysis
Weekly Report
Commodity
5 | www.capitalvia.com
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NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of buying on
lower levels. Last week Natural Gas was able to sustain above 3.800$ and bounced back onlast day of the week. If next week Natural Gas sustains above the level of 3.800$ then above
the level of 3.830$ Natural Gas can test the level of 3.960 $ and below 3.710$ Natural Gas
can slightly go down and test the level of 3.590$. In MCX, if Natural Gas sustains above173
in the coming week then it can test the level of 182, if it does not break the level of 167 on
the downside.
Market Overview
For the upcoming week 3.650$ and 3.200 $ will act as major supports and 4.880$ and
5.200$ will act as major resistance in US Natural Gas. For MCX Natural Gas major resistance
would be 207 and 220, supports would be found at 165 and 150.
Strategy
USD / INR
USD/INR is consolidating on charts so traders can use the strategy of buying on lowerlevels. If next week USD/INR sustains above the level of 44.6600 then above the level of
45.0800 USD/INR can test the level of 45.4000 and below 44.6600USD/INR can slightly go
down and test the level of 44.5000.
Market Overview
For the upcoming week 44.5000 and 43.8000 will act as major supports and 46.4000 and
47.1000 will act as major resistance in USD/INR.
Strategy
Capitalvia Global Research Limited
4.618 4.249 4.029 3.880 3.660 3.511
R3 R2 R1 PP S1 S2 S3
3.142
Script
Levels
46.0030 45.5030 45.1970 45.0030 44.6970 44.5030
R3 R2 R1 PP S1 S2 S3
44.0030
Script
Levels
Technical Analysis
Weekly Report
Commodity
6 | www.capitalvia.com
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WEEKLY GAINERS INTERNATIONAL MARKET UPDATE WEEKLY
GOLD 1428.6 1.37
SILVER 3532.7 7.38
COPPER 448.55 0.68
CRUDE 104.42 6.68
NATURAL GAS 3.809 -4.89
USD/INR 44.89 -0.80
Commodity Expiry Date Closing Price % Change Commodity Closing Price % Change
WEEKLY LOOSERS
NATURAL GAS 28-MAR-11 171.50 -6.49
ZINC 31-MAR-11 111.60 -1.76
Commodity Expiry Date Closing Price % Change
Gold MCX 5-APR-11 Gold Rs./ 10gm 20961 20971 2083321190 21098 164980 12826 3411420137
Silver MCX 5-MAR-11 Silver RS./ KG. 50771 50850 5060953466 53417 365119 18700 55536332646
Copper MCX 29-APR-11 Copper RS./ KG. 450.65 450.1 445.45454.75 448.75 424127 21943 1898023-1.9
Crude Oil MCX 21-MAR-11 Crude Oil RS./ BBL. 4462 4485 43704739 4731 955428 18986 4297977269
Natural Gas MCX 28-MAR-11 Natural Gas RS./ MM BTU 183.4 183.6 169.1186.8 171.5 172795 17204 377956.2-11.9
Lead MCX 31-MAR-11 Lead RS./ KG. 115.7 115.95 113.8120.3 118.8 71964 2876 417133.13.1
Zinc MCX 31-MAR-11 Zinc RS./ KG. 113.6 113.1 110.25114.2 111.6 86484 5697 483516.5-2
Aluminum MCX 31-MAR-11 Aluminium RS./ KG. 115.95 116.2 115.1117.75 116.4 20488 0.45 1460 118885.6
Nickel MCX 31-MAR-11 Nickel RS./ KG. 1285.8 1287.6 1276.21318.4 1302.2 199230 7650 644763.516.4
Symbol Exch-ange
ExpiryDate
CommodityName
Price Unit PreviousClose
Open LowHigh Close Qty.Traded
Net OpenInterest
WeeklyTurnOver
(Rs. in Lakhs)
CRUDE OIL 21-MAR-11 4731 6.03
SILVER 05 -MAY-11 53417 5.21
Capitalvia Global Research Limited
Weekly Market Update
Weekly Report
Commodity
7 | www.capitalvia.com
LEAD 31-MAR-11 118.80 2.68
COPPER 29-APR-11 448.75 -0.42
*
* Turnover Till Friday
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Gold
Silver
Copper
Crude Oil
Natural Gas
Lead
Zinc
Aluminum
Nickel
Scripts R3 R2 PP S1 S2 S3
21754.33
58211.33
468.25
5351.33
211.20
130.63
119.92
1383.33
121.72
21397.33
55354.33
458.95
4982.33
193.50
124.13
115.97
1341.13
119.07
21040.33
52497.33
449.65
4613.33
175.80
117.63
112.02
1298.93
116.42
20890.67
51528.67
444.55
4487.67
164.80
114.97
109.83
1279.47
115.08
20683.33
49640.33
418.97
4244.33
158.10
111.13
108.07
1256.73
113.77
20326.33
46783.33
431.05
3875.33
140.40
104.63
104.12
1214.53
111.12
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Weekly Pivots
Weekly Report
Commodity
R2
21247.67
54385.67
453.85
4856.67
182.50
121.47
113.78
1321.67
117.73
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