share tips experts commodity report as on 16052011

8/6/2019 Share Tips Experts Commodity Report as on 16052011

1/8

NAME OPEN HIGH LOW CLOSE % CNG

GOLD 21951 21997 21922 21961 0.2

SILVER 53750 54153 53661 53716 0.71

GOLD 1488.65 1493.65 1488.1 1491.1 -0.19

SILVER 35.27 35.39 34.76 35.09 -0.59

PLATINUM 1761.99 1759.24 1746.75 1758.25 0.01


CRUDE 4440 4476 4440 4467 0.87

N.GAS 191.4 192.4 190.8 191.4 0.47

CRUDE 98.59 100.49 95.25 98.97 0.385435


COPPER 401 402.8 401 401.6 0.24

ZINC 97.7 98.15 97.65 97.8 0.2

NICKEL 1106.7 1110 1105.9 1108 0.2

LEAD 104 104.55 103.6 103.9 0.05

ALUMINIUM 115.7 116.35 115.65 116.15 0.09

COPPER 8750 8813 8720 8780 -0.37 800

ZINC 2180 2180 2158.25 2164 -0.41 2200

NICKEL 24350 2578.75 24300 24400 0.16 -330

LEAD 2260.25 2320 2260.25 2310 0.43 700

ALUMINIUM 2571 2320 2555 2566.25 -0.19 32075

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

18492.68 5541.7 2379.24 1337.77 8371.67 12595.75 9573.68 2863.02 2106.47 22996.82 75.83

-0.21 -0.06 -1.19 -0.81 -1 -0.79 -0.82 -0.28 -0.64 -1.2 -0.08

Oil look weak as us lure to raise the U.S. debt ceiling may

unravel global finances and threaten growth in the worlds

biggest crude consumer. Natural gas rose as traders

viewed a report of a falling drilling rig count as an

opportunity to buy on the chance that production growth

in the well-supplied U.S. market may be slowing.

BASEMETAL COMPLEX

Base metals inched up tracking a weaker U.S. dollar, with

some investors betting on a recovery in the hope that last

week's market selloff was overdone. But traders reported

a lack of conviction in the market, with participants

arguing that some more correction was on the cards.

LME STOCK

SPOT $

MCX

LM E

MCX

Daily Commodity Market Update as on Monday, May 16, 2011

PRECIOUS METALS COMPLEX

ENERGY COMPLEX

Precious metals are under pressure from a strengthening

dollar, which was propped up by u.s. inflation data and

the euro dropped to a 6-week low against the dollar.SPOT $

MCX

COPPER

ZINC

NICKEL

LEAD

ALUMINIUM

468525

831250

114402

316525

4622825

Strictly for private circulation

GLOBAL MARKETS UPDATE

Page No. 1www.sharetipsexpert.com


2/8

P.P. 21960

SUP 1 RES 1

21923 21998

SUP 2 RES 2

21885 22035

SUP 3 RES 3

21848 22073

P.P. 53843

SUP 1 RES 1

53534 54026

SUP 2 RES 2

53351 54335

SUP 3 RES 3

53042 54518

OPEN

21951

HIGH

21997

OPEN

53750

HIGH

CLOSE

21961

Gold settled firm Saturday after dropping Friday sharply reversing early gains, as a dollar surge

against the euro and renewed uncertainty about euro zone debt prompted investors to sell ahead ofthe weekend. Gold is closing the week with gains at 21961. The metal traded in a wide range of

21700 to 22300 but after everything cleared we are right back to last Fridays level. On the weekly

chart the metal remains in a large 3 year bull channel with parameters 21000 and 23000. On a

closer touch, the metal is holding above a 3 month support line seen today at 21600. Price action of

the past two weeks off 22850 record high has been bearish. We will need to reclaim 22300 on a

close basis to take the pressure off our down side risk. Now technically market is trading in the

range as RSI for 18days is currently indicating 52.7, where as 50DMA is at 21597.54 and gold is

trading above the same and getting support at 21923 and below could see a test of 21885 level, And

43

0.2

Strictly for private circulation

Silver continued to recover on short covering from last week's correction, and technical charts

suggested the metal could stabilize after bouncing off a key support level. Silver is closing the week

lower at 53716. This week we saw an early bounce to the 38.2% retracement level of 59950 before

setting fresh lows to 49751. We have an 8 month support line at 49500 drawn off the August and

January lows. A break of this opens up a return to 40000. The Gold Silver ratio is closing higher for

the third week in a row at 42.69. The key topside resistance is seen at 45.68 which is the 38.2%

Fibo of the 68.34 to 31.68 down move. Now technically market is trading in the range as RSI for

18days is currently indicating 39.08, where as 50DMA is at 60173.14 and silver is trading below the

same and getting support at 53534 and below could see a test of 53351 level, And resistance is now

likely to be seen at 54026, a move above could see prices testing 54335.

RE CNG

383

INTRADAY LEVELS

53716

% CNG

www.sharetipsexpert.com Page No. 2

OI

13094

CLOSE

INTRADAY LEVELS

VOLUME

54153

11949

LOW

21922

MCX

GOLDFUTUR

E

LOW

MCXS

ILVERFUTUR

E

2199

OI

% CNG

VOLUME

53661

RE CNG

3657

0.71


3/8

P.P. 4461

SUP 1 RES 1

4446 4482

SUP 2 RES 2

4425 4497

SUP 3 RES 3

4410 4518

P.P. 401.8

SUP 1 RES 1

400.8 402.6

SUP 2 RES 2

400.0 403.6

SUP 3 RES 3

399.0 404.4

% CNG

0.24

VOLUME

Copper ended positive as weak dollar helped to spurn the negative tone set by other commodities

and settle higher despite further credit-tightening measures in China. The metal shrugged off China's

move late Thursday to raise banks' reserve ratio requirement for the fifth time this year, as such a

move had been widely anticipated and factored into prices over the past few sessions. Copper

stockpiles at bonded warehouses in Shanghai have fallen from a record since the beginning of May

as consumers in the worlds largest user of the metal draw down inventories. Stocks of copper in

LME warehouses rose to 468,525 tonnes, nearly 35 percent above levels seen early in December.

For today's session market is looking to take support at 400.8, a break below could see a test of 400

and where as resistance is now likely to be seen at 402.6, a move above could see prices testing

403.6.

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

2737

OI

22214

RE CNG

0.95

INTRADAY LEVELS

4440

HIGH

4476

LOW

4440CLOSE

4467

% CNG

0.87

VOLUME

3288

OI

9244

RE CNG

OPEN

39

INTRADAY LEVELSCrude rose on short-covering to end higher, after falling Friday as the dollar rose and on reports that

Libyan leader Muammar Gaddafi had been wounded. Reports that Gaddafi had been wounded helped

pressure prices, even though it was quickly denied by a Libyan government spokesman. China will

suspend exporting diesel to conserve supplies ahead of a looming summer power crunch, signaling it

may need net imports to cover surging demand. The move should support Asian diesel cracks that

have fallen sharply from April on a resumption of Japanese exports. Now technically market is

trading in the range as RSI for 18days is currently indicating 37.65, where as 50DMA is at 4811.5

and crude is trading below the same and getting support at 4446 and below could see a test of 4425

level, And resistance is now likely to be seen at 4482, a move above could see prices testing 4497.

MCXC

OPPERFUTUR

E

MCX

CRUDEFUTURE

OPEN

401

HIGH

402.8LOW

401

CLOSE

401.6


4/8

P.P. 97.9

SUP 1 RES 1

97.6 98.1

SUP 2 RES 2

97.4 98.4

SUP 3 RES 3

97.1 98.6

P.P. 1108

SUP 1 RES 1

1106 1110

SUP 2 RES 2

1104 1112

SUP 3 RES 3

1102 1114


INTRADAY LEVELS

Zinc gained on expectation that China, the largest user, may slow the pace of monetary tightening

after ordering banks to set aside more cash for the fifth time this year. Hefty inventory levels of

Zinc, which are now hovering around 16 year highs will not let prices of Zinc move sharply higher in

coming days. The inventories on LME are now at 831250 tonnes. In yesterday's trading session zinc

has touched the low of 97.65 after opening at 97.7, and finally settled at 97.8. For today's session

market is looking to take support at 97.6, a break below could see a test of 97.4 and where as

resistance is now likely to be seen at 98.1, a move above could see prices testing 98.4.

MCXN

ICKELFUTUR

EOPEN

1107

HIGH

1110LOW

1106

CLOSE

1108

% CNG

0.2

VOLUME

777

OI

5610

RE CNG

2.2

INTRADAY LEVELS

Nickel yesterday traded with the positive node and settled 0.2% up at 1108 tracking gains in other

base metals counters. Some support had been seen from the LME stock also which came down by -

330mt, the total stock at LME is now at 114402mt. U.S. nickel exports rose 127.9% in March from

the previous month, but was down 17.2% from the previous year, the Commerce Department

reported. In yesterday's trading session nickel has touched the low of 1105.9 after opening at

1106.7, and finally settled at 1108. For today's session market is looking to take support at 1105.9,

a break below could see a test of 1103.9 and where as resistance is now likely to be seen at 1110, a

move above could see prices testing 1112.1.

97.8

% CNG

0.2

VOLUME

475

OI

7521

RE CNG

0.2

OPEN

97.7

HIGH

98.15

LOW

97.65CLOSE

MCX

ZINCFUTUR

E


5/8

P.P. 116.1

SUP 1 RES 1

115.8 116.5

SUP 2 RES 2

115.4 116.8

SUP 3 RES 3

115.1 117.2

P.P. 191.5

SUP 1 RES 1

190.7 192.3

SUP 2 RES 2

189.9 193.1

SUP 3 RES 3

189.1 193.9

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3748

RE CNG

LOW

OI

VOLUME

95

190.8

CLOSE

191.4

0.47

OI

2825

RE CNG

INTRADAY LEVELS

Aluminium yesterday traded with the positive node and settled 0.09% up at 116.15. Some pressurehad been seen from the LME stock also which came up by 32075mt, the total stock at LME is now at

4622825mt. LME stocks of aluminium rose by 32,075 tonnes to 4,622,825 tonnes within touching

distance of the record high above 4.64 million tonnes hit in January 2010. In China, Unwrought

Aluminium and product imports in China stood at 76724 tonnes in April as against 87729 tonnes in

March down 12.5%. In yesterday's trading session aluminium has touched the low of 115.65 after

opening at 115.7, and finally settled at 116.15. For today's session market is looking to take support

at 115.8, a break below could see a test of 115.4 and where as resistance is now likely to be seen at

116.5, a move above could see prices testing 116.8.

0.9

INTRADAY LEVELSNatural gas yesterday traded with the positive node and settled 0.47% up at 191.4 as traders

viewed a report of a falling drilling rig count as an opportunity to buy on the chance that production

growth in the well-supplied U.S. market may be slowing. The EIA said this week that though gas in

storage is near average, high production and less demand than was seen during last year's

unusually hot summer should push supplies to a record 3.9 trillion cubic feet by the end of October.

There were 874 rigs targeting natural gas in the U.S. this week, oil-field services provider Baker

Hughes Inc. (BHI) said, down 16 from the previous week and the fewest since January 2010. For

today's session market is looking to take support at 190.7, a break below could see a test of 189.9

and where as resistance is now likely to be seen at 192.3, a move above could see prices testing

193.1.

Page No. 5

0.1

LOW

115.65CLOSE

116.15

% CNG

0.09

MCXNA

T.G

AS

FUTURE

OPEN

191.4

HIGH

192.4

% CNG

VOLUME

911

OPEN

115.7

HIGH

116.35

MCXALUMINIUMFU

TUR


6/8

MONTH RATE JUNE AUG OCT MONTH RATE JULY SEPT DEC

JUNE 21961 293 624 JULY 53716 695 1464

AUG 22254 331 SEPT 54411 769OCT 22585 DEC 55180

MONTH RATE MAY JUNE JULY MONTH RATE JUNE AUG

MAY 4467 52 99 JUNE 401.6 5.1

JUNE 4519 47 AUG 406.7

JULY 4566

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 97.8 1.3 MAY 1108 10.5

JUNE 99.1 JUNE 1118.5

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 191.4 4.5 MAY 923.2 -38.7

JUNE 195.9 JUNE 884.5

SPREADMARKET

Spread between Silver JUL & SEP contracts yesterday

ended at 695, we have seen yesterday that the silver

market had traded with a positive node and settled

0.71% up. Spread yesterday traded in the range of 688 -

1195.

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 0.87%

up. Spread yesterday traded in the range of 52 - 67.

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 293, we have seen yesterday that the gold

market had traded with a positive node and settled 0.2%

up. Spread yesterday traded in the range of 277 - 322.

Spread between natural gas MAY & JUN contracts

yesterday ended at 4.50, we have seen yesterday that the

natural gas market had traded with a positive node and

settled 0.47% up. Spread yesterday traded in the range of4.4 - 5.1.

Spread between menthol oil MAY & JUN contracts

yesterday ended at -38.70, we have seen yesterday that

the menthol oil market had traded with a negative node

and settled -1.4% down. Spread yesterday traded in therange of -58.9 to -38.1.


Spread between copper JUN & AUG contracts yesterday

ended at 5.1, we have seen yesterday that the copper

market had traded with a positive node and settled

0.24% up. Spread yesterday traded in the range of 5.05 -

5.65.

Spread between zinc MAY & JUN contracts yesterday

ended at 1.3, we have seen yesterday that the zincmarket had traded with a positive node and settled 0.2%

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

Spread between nickel MAY & JUN contracts yesterday

ended at 10.50, we have seen yesterday that the nickelmarket had traded with a positive node and settled 0.2%

up. Spread yesterday traded in the range of 9.20 - 11.

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 -2.29B -3.63B

2:30pm EUR 0.028 0.028

2:30pm EUR 0.015 0.013

2:30pm EUR 1.7B -2.4B6:00pm USD 20.7 21.7

6:30pm USD 0 0

6:30pm USD 57.7B 26.9B

7:30pm USD 17 16

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

TIC Long-Term Purchases

NAHB Housing Market Index

0


NEWSYOUCA

N

USE

Wheat procurement by the Food Corporation of India (FCI) and State agencies for the ongoing 2011-12 rabimarketing season (April-June) has touched 217.37 lakh tonnes (lt), according to the Food Ministry data compiled.

The 217.37 lt is more than the 209.91 lt bought during the corresponding period of 2010-11. Procurement has been

higher in Punjab (102.58 lt against 100.83 lt), Haryana (64.14 lt against 62.93 lt), Madhya Pradesh (34 lt against

30.01 lt) and Rajasthan (6.89 lt against 4.31 lt), while trailing in Uttar Pradesh (8.77 lt against 10.54 lt). During the

entire 2010-11 season, Government agencies procured 225.14 lt of wheat, which is likely to be surpassed this time.

In fact, Food Ministry officials project total procurement to cross 260 lt, which, on top of opening stocks of 153.64 lt

on April 1, is likely to cause major storage problems for the FCI. Even assuming a depletion of 50-55 lt during April-

June, the total wheat stock in the Central will be around 360 lt on July 1, which is way above the required minimum

buffer and strategic reserve of 201 lt for that date.

To bridge the gap between natural rubber production and consumption, the rubber consuming interests have calledupon the Government to explore avenues for land acquisition outside the country for new plantation initiatives. As the

availability of land is limited in traditional rubber growing areas, the All India Rubber Industries Association (AIRIA)

and the Automotive Tyre Manufacturers Association (ATMA) stressed the need to evolve a new model, including PPP,

to intensify rubber cultivation in non-traditional areas in the North-East. Making a presentation to the Rubber Board

for 12{+t}{+h} Five Year Plan proposals on the sector, they stated that taking cue from China urgent policy

interventions are imperative to ensure timely and competitively priced availability of natural rubber to user industries.

India should take up integrated project on the lines of Rubber Valley project in China so as to replicate the concept of

farm to fork' for rubber by covering the complete value chain from plantation stock to finished products. The Rubber

Board had projected increase in natural rubber consumption by 40,000 tonnes (from 8.62 lakh tonnes to 9.02 lakh

tonnes) for 2011-12.

Federal bond yields continued to trade marginally higher in afternoon session on Friday as traders awaited results of

the Rs 120 billion debt sale due later in the day for cues ahead of the April inflation data on Monday. The yield on the

10-year benchmark bond was up 2 basis points at 8.23 percent while the most-traded 8.13 percent, 2022 bond yield

was 3 bps higher at 8.39 percent. India's wholesale price index likely rose 8.43 percent in April from a year earlier,

slower than March's 8.98 percent increase due to base effect, a Reuters poll showed on Thursday. The benchmark 5-

year swap rate was steady at 8.23 percent while the one-year rate was 5 bps higher at 8.08 percent. Traders said a

rise in global crude prices was also weighing on market sentiment as it could adversly affect domestic inflationary

expectations.

DATA

ECONOMI

CAL

DATA

Mo n

Italian Trade Balance

0

0

0

0

Core CPI y/ y

Trade BalanceEmpire State Manufacturing Index

Fed Chairman Bernanke Speaks

CPI y/ y


8/8

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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

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share tips experts commodity report as on 16052011

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