share tips expert commodity report 27042011

8/6/2019 Share Tips Expert Commodity Report 27042011

1/8

NAME OPEN HIGH LOW CLOSE % CNG

GOLD 21940 21980 21792 21884 -0.47

SILVER 70000 70000 66322 66741 -5.08

GOLD 1506.9 1510.05 1505 1508.4 0.18

SILVER 45.38 46.21 45.38 46.03 1.45

PLATINUM 1800.49 1810.99 1798 1811.49 0.68


CRUDE 4982 5034 4965 4995 -0.16

N.GAS 197.6 201.3 197.6 199.3 0.2

CRUDE 112.15 112.64 111.12 112.21 0.0535


COPPER 421.25 426.8 417.4 424.9 0.71

ZINC 102.1 102.1 99.75 100.75 -1.64

NICKEL 1165.9 1194.8 1154.3 1187.5 1.64

LEAD 112.1 115.65 108.8 115.3 1.78

ALUMINIUM 120.7 122.35 120.25 121.95 0.82

COPPER 9585 9585 9482.5 9500 -0.58 3825

ZINC 2270.5 2293 2270 2274 -0.7 2625

NICKEL 26600 2745 26430 26460 -0.9 396

LEAD 2560 2568.5 2550 2550 -0.58 -125

ALUMINIUM 2737 2568.5 2736.5 2738.75 0.04 -2900

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

19590.45 5876.2 2396.03 1347.24 8554.99 12595.37 9672.97 2945.78 2210.24 24100.85 73.6

0.23 0.14 0.52 0.9 0.82 0.93 1.17 0.23 0.16 0.41 -0.32

GLOBAL MARKETS UPDATE

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COPPER

ZINC

NICKEL

LEAD

ALUMINIUM

460100

816925

118338

304500

Crude oil ended flat recovering its losses as investors

eyed a U.S. Federal Reserve two-day policy meeting for

any signal of a change in monetary policy. Natural gas

ended firm but pared most of its gains amid indications of

decreased demand as forecasts showed milder weather in

the southern U.S. states next week.

BASEMETAL COMPLEX

Base metals ended positive as investors sought bargains

at the lows. Only zinc prices ended in red weighed down

by concerns that rising energy costs could hinder global

growth prospects.

LME STOCK

SPOT $

MCX

LM E

MCX

Daily Commodity Market Update as on Wednesday, April 27, 2011

PRECIOUS METALS COMPLEX

ENERGY COMPLEX

Gold came under pressure from investor uncertainty over

the likely course of U.S. monetary policy. Silver was on

course for its largest one-day fall in six weeks on profit

booking yesterday after having hit a new record highs.SPOT $

MCX


2/8

P.P. 21885

SUP 1 RES 1

21791 21979

SUP 2 RES 2

21697 22073

SUP 3 RES 3

21603 22167

P.P. 67688

SUP 1 RES 1

65375 69053

SUP 2 RES 2

64010 71366

SUP 3 RES 3

61697 72731

MCX

GOLDFUTUR

E

LOW

MCXS

ILVERFUTUR

E

Strictly for private circulation

Silver yesterday also shown its largest one-day fall in six weeks after having hit a 31-year high in

the previous session yesterday market opened with a lower circuit as market came under pressure

from investor uncertainty over the likely course of U.S. monetary policy. High volatility and the

expiry of U.S. silver options added to the intensity of the decline ahead of the outcome of the U.S.

Federal Reserve's policy meeting. The iShares Silver Trust, the world's largest silver-backed

exchange-traded fund, also saw heavy trading, with a record 34.93 million shares trading on Monday

and a further 12.6 million shares changing hands in early trading on Tuesday. Now silver is getting

support at 65375 and below could see a test of 64010 level, And resistance is now likely to be seen

at 69053, a move above could see prices testing 71366.

RE CNG

-3388

INTRADAY LEVELS

66741

% CNG

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OI

11018

CLOSE

INTRADAY LEVELS

136355

-5.08

VOLUME

70000

12065

LOW

21792

22669

OI

% CNG

VOLUME

66322

RE CNG

OPEN

21940

HIGH

21980

OPEN

70000

HIGH

CLOSE

21884

Gold extended losses as investors locked in gains amid caution ahead of the start of a critical Federal

Reserve two-day policy meeting later in the day. The FOMC meeting was to start later on Tuesday

and conclude on Wednesday. Fed chairman was to hold the first news conference ever by a Fed chief

after the two-day policy meeting ended today. Investors will closely watch the meeting's outcome

and the following press conference for clues on the timing of future Fed rate. Despite the pullback,

gold prices were expected to remain well-supported by a weaker dollar, ongoing concerns over

accelerating global inflation, lingering worries over the debt crisis in the euro zone. Now gold is

getting support at 21791 and below could see a test of 21697 level, And resistance is now likely to

be seen at 21979, a move above could see prices testing 22073.

-102

-0.47


3/8

P.P. 4998

SUP 1 RES 1

4962 5031

SUP 2 RES 2

4929 5067

SUP 3 RES 3

4893 5100

P.P. 423.0

SUP 1 RES 1

419.3 428.7

SUP 2 RES 2

413.6 432.4

SUP 3 RES 3

409.9 438.1

MCX

CRUDEFUTURE

OPEN

4982

HIGH

5034

LOW

4965CLOSE

4995

% CNG

-0.16

VOLUME

98785

OI

15186

RE CNG

-8

INTRADAY LEVELSCrude oil traded in the tight range yesterday initially after opening lower market recovered

retreating from a daily low as the U.S. dollar resumed its decline and as the FED was to begin its twoday policy meeting later in the day. The Feds Open Market Committee was to begin its two-day

meeting later in the day. Investors will closely watch the meeting's outcome for clues on the timing

of future Fed rate increases. Fed chairman Ben Bernanke was to hold the first news conference ever

by a Fed chief after the two-day policy meeting. Saudi Arabias state-owned oil company Saudi

Aramco, Khalid al-Falih said that the kingdom was not comfortable with current oil prices and that

it did not see any tightness in global oil supply. Now crude is getting support at 4962 and below

could see a test of 4929 level, And resistance is now likely to be seen at 5031, a move above could

see prices testing 5067.

MCXC

OPPERFUTUR

EOPEN

421.25

HIGH

426.8LOW

417.4

CLOSE

424.9

% CNG

0.71

VOLUME

Copper yesterday traded with the positive node and settled 0.71% up at 424.9, Copper fell in the

earlier session catching up after a long holiday to steep losses in Asian and U.S. markets, but copper

ended higher as investors sought bargains at the lows. Market expected any gains in copper to be

limited ahead of the FEDs policy announcement and Fed Chairman Ben Bernanke's press conference

due on Wednesday. Fed officials continue their two-day policy meeting. Fed seems certain to stick to

its plan to complete a $600 billion bond-buying program in June, and is unlikely to raise interest

rates given an uncertain U.S. economic outlook. For today's session market is looking to take

support at 419.3, a break below could see a test of 413.6 and whereas resistance is now likely to be

seen at 428.7, a move above could see prices testing 432.4.

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RE CNG

3

INTRADAY LEVELS


4/8

P.P. 100.9

SUP 1 RES 1

99.6 102.0

SUP 2 RES 2

98.5 103.2

SUP 3 RES 3

97.3 104.3

P.P. 1179

SUP 1 RES 1

1163 1203

SUP 2 RES 2

1138 1219

SUP 3 RES 3

1122 1244

MCX

ZINCFUTUR

E

OPEN

102.1

HIGH

102.1

LOW

99.75CLOSE

100.75

% CNG

-1.64

VOLUME

24801

OI

8144

RE CNG

-1.65

INTRADAY LEVELS

Zinc yesterday traded with the negative node and settled -1.64% down at 100.75 tracking LME zinc

prices opened low and moved lower, with prices once falling to USD 2,249/mt and then rallying later.

Market players were cautious ahead of the meeting on interest rates by the US Federal Reserve

(Fed). In this context, LME zinc prices fluctuated between USD 2,260-2,280/mt, and finally closed at

USD 2,270/mt, down USD 95.5/mt. For today's session market is looking to take support at 99.6, a

break below could see a test of 98.5 and whereas resistance is now likely to be seen at 102, a move

above could see prices testing 103.2.

MCXN

ICKELFUTUR

EOPEN

1166

HIGH

1195LOW

1154

CLOSE

1187.5

% CNG

1.64

VOLUME

39142

OI

4546

RE CNG

19.5

INTRADAY LEVELSNickel yesterday traded with the positive node and settled 1.64% up at 1187.5. Initially in the

morning session nickel traded weak as LME nickel for delivery in three months opened at USD

26,510/mt and closed at USD 26,700/mt, down by USD 190/mt from a day earlier, with the highest

price at USD 26,845/mt and the lowest price at USD 25,850/mt. LME nickel prices plummeted during

the early trading hours on Tuesday and hit a low of USD 25,850/mt. But prices later rebounded from

weaker US dollar and better-than-expected consumer confidence index from the US, with prices

gradually paring early losses. For today's session market is looking to take support at 1162.9, a

break below could see a test of 1138.4 and whereas resistance is now likely to be seen at 1203.4, a

move above could see prices testing 1219.4.



5/8

P.P. 121.5

SUP 1 RES 1

120.7 122.8

SUP 2 RES 2

119.4 123.6

SUP 3 RES 3

118.6 124.9

P.P. 199.4

SUP 1 RES 1

197.5 201.2

SUP 2 RES 2

195.7 203.1

SUP 3 RES 3

193.8 204.9

MCXALUMINIUMFU

TUR

OPEN

120.7

HIGH

122.35

1

LOW

120.25CLOSE

121.95

% CNG

0.82

MCXNA

T.G

AS

FUTURE

OPEN

197.6

HIGH

201.3

% CNG

VOLUME

12683

INTRADAY LEVELSAluminium yesterday traded with the positive node and settled 0.82% up at 121.95, but yesteday

SHFE aluminum contract prices opened lower at RMB 16,655/mt tracking LME aluminum prices, withprices meeting resistance at RMB 16,700/mt. In the afternoon, SHFE aluminum prices rose to RMB

16,700/mt along with the rallying LME aluminum prices, and finally closed at RMB 16,755/mt, up

RMB 30/mt, or up 0.18%. SHFE 1106 aluminum contract prices opened low but moved higher

following LME aluminum prices, with prices expected to rise to RMB 16,800/mt in the near term. In

east China, spot aluminum was traded between RMB 16,570-16,600/mt, with discounts of RMB 40-

10/mt against SHFE spot-month aluminum contract prices. In the morning, SHFE spot-month

aluminum contract prices resisted declines and fluctuated narrowly around RMB 16,600/mt, while

spot aluminum prices failed to rise due to limited demand. For today's session market is looking to

0.4

INTRADAY LEVELSNatural gas ended firm but pared most of its gains amid indications of decreased demand as

forecasts showed milder weather in the southern U.S. states next week. The Commodity Weather

Group said that it now expected normal or slightly below-normal temperatures in the southern U.S.

states from April 28 through May 3. Weather forecasts had previously called for warmer-than-normal

temperatures during that period. The industry group added that warmer air will probably be absent

across most of the U.S. through May 10. In yesterday's trading session natural gas has touched the

low of 193.2 after opening at 194.2, and finally settled at 195.2. For today's session market is

looking to take support at 193.4, a break below could see a test of 191.6 and where as resistance is

now likely to be seen at 196.8, a move above could see prices testing 198.4.

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6204

RE CNG

LOW

OI

VOLUME

5669

197.6

CLOSE

199.3

0.2

OI

3379

RE CNG

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6/8

MONTH RATE JUNE AUG OCT MONTH RATE MAY JULY SEPT

JUNE 21884 268 640 MAY 66741 530 1025

AUG 22152 372 JULY 67271 495OCT 22524 SEPT 67766

MONTH RATE MAY JUNE JULY MONTH RATE APRIL JUNE

MAY 4995 52 105 APRIL 424.9 7.05

JUNE 5047 53 JUNE 431.95

JULY 5100

MONTH RATE APRIL MAY MONTH RATE APRIL MAY

APRIL 100.75 1.35 APRIL 1187.5 10

MAY 102.1 MAY 1197.5

MONTH RATE MAY JUNE MONTH RATE MAY JUNE

MAY 199.3 5 MAY 1065.2 -106.1

JUNE 204.3 JUNE 959.1

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 positive node and

settled 0.2% up. Spread yesterday traded in the range of4.3 - 5.

Spread between menthol oil MAY & JUN contracts

yesterday ended at -106.10, we have seen yesterday that

the menthol oil market had traded with a positive node

and settled 1.8% up. Spread yesterday traded in therange of -106.1 to -80.


Spread between copper APR & JUN contracts yesterday

ended at 7.05, we have seen yesterday that the copper

market had traded with a positive node and settled

0.71% up. Spread yesterday traded in the range of 6.25 -

8.25.

Spread between zinc APR & MAY contracts yesterday

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

1.64% down. Spread yesterday traded in the range of 0.9

2.

Spread between nickel APR & MAY contracts yesterday

ended at 10.00, we have seen yesterday that the nickelmarket had traded with a positive node and settled

1.64% up. Spread yesterday traded in the range of 8.10 -

13.7.

DAILY SPR EAD IN NI CKEL - MCX

DAILY SPREAD IN N AT. GAS - MCX

Spread between Gold JUN & AUG contracts yesterday

ended at 268, we have seen yesterday that the gold

market had traded with a negative node and settled -

0.47% down. Spread yesterday traded in the range of 211

- 271.

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 MAY & JUL contracts yesterday

ended at 530, we have seen yesterday that the silver


5.08% down. Spread yesterday traded in the range of

530 - 618.

Spread between crude APR & MAY contracts yesterday

ended at 52, we have seen yesterday that the crude


0.16% down. Spread yesterday traded in the range of 43

53.


7/8

DAY TIME CURRENCY Fo re cast P re viou s

11:30am EUR 5.9 5.9

All Day EUR 0.002 0.005

2:30pm EUR 0.013 0.012

6:00pm USD 0.017 -0.0036:00pm USD 0.021 -0.006

8:00pm USD 1.4M -2.3M

10:00pm USD 0 0

10:00pm USD


8/8

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share tips expert commodity report 27042011

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