Bullion Commodity Reports for the Week (6th - 10th June '11)

8/6/2019 Bullion Commodity Reports for the Week (6th - 10th June '11)

http://slidepdf.com/reader/full/bullion-commodity-reports-for-the-week-6th-10th-june-11 1/8

Global Research Limited

Week : June 06th to 11th June’ 2011

WEEKLYREPORT

www.capitalvia.com

COMMODITYCOMMODITYMarket

Base Metals Slump On Weak

Us Economic Data

Analyst Speak

Premiumsegment



Economic Data

Week : June 06th to 11th June’ 2011 Week : June 06th to 11th June’ 2011

[ 2 ] [ 3 ]

Fundamental Market Overview

Gold rose to near its highest in a month on Friday, boosted by a weak to spur some bids in an otherwise lackluster Gold market. U.S. futuresU.S. labor report that illustrated the fr agile state of the economic trading volumes was a below its norm by a third. Spot Gold rose to arecovery, likely keeping rates low and the dollar weak for awhile. Bullion two-day peak of $1,546.39 a troy ounce after the payrolls release, but jumped, while stocks and oil fell, in the wake of data showing U.S. pulled back to $1,541.10 from $1,532.55 an ounce late in New York onemployers hired 54,000 workers in May, far fewer workers than Thursday. Gold hit a record high of $1,575.79 on May 2. Bullion postedexpected, and the unemployment rate rose to 9.1 percent. Gold was its highest weekly close since early May. August COMEX futuresalso bolstered by a slump in the dollar index to its lowest in a month. posted $9.7 gains to $1,542.40 an ounce by the close. Gold priced inDealers said there were multiple reasons for Gold to gain on the latest sterling hit a record high of 946.79 pounds ($1,548) an ounce, as aand strongest evidence of a softening economy: expectations of more weaker dollar across a basket of currencies triggered a rush for thecheap money from the Federal Reserve; fears of deflation; a haven precious metal. It was quoted at 938.55 sterling late in the session.from financial risk. While few analysts were prepared to forecast adouble-dip recession, the thought of fresh Federal Reserve funds

beyond the end of quantitative easing II (QEII) this month was enough

GOLD GAINS ON SOFT US JOBS DATA, FALLING DOLLARMarketwatch

U.S. Crude oil futures ended slightly lower on Friday, tumbling more from the May 27 settlement of $100.59 a barrel. Global marketsthan $2 after weak U.S. jobs data, and then paring losses. U.S. May urgently need extra oil as refinery demand is about to spike, thenonfarm payrolls posted the weakest reading since September and the International Energy Agency said in yet another bid to press OPEC toU.S. jobless rate rose to 9.1 percent. The dollar fell as the disappointing raise oil production at t he producer group's meeting next week. An jobs data added to evidence of an economic slowdown. The euro OPEC advisory panel agreed that the group should raise output to meettouched a one-month high on optimism Greece will receive its next aid higher second-half oil demand, as delegates gave split views over apayment. Less worry about Greece also helped Brent Crude rebound. possible increase in targets at next week's meeting.Refinery outages lifted U.S. gasoline and heating oil futures to higher

UPCOMING DATA/EVENTSsettlements.

American Petroleum Institute oil inventory data released at 4:30 p.m.FUNDAMENTALSEDT (2030 GMT) on Tuesday. OPEC ministers meet in Vienna on

On the New York Mercantile Exchange, July Crude fell 18 cents, or 0.18 Tuesday. U.S. Energy Information Adm inistration oil inventory datapercent, to settle at $100.22 a barrel, trading from $98.12 to $100.87. released at 10:30 a.m. EDT (1430 GMT) on Wednesday.For the week, U.S. Crude posted a loss of 37 cents, down 0.36 percent,

NYMEX-US CRUDE DIPS ON JOBS DATA, DOLLAR SUPPORTSMarketwatch

Copper ended Friday up 2 percent, after surprisingly weak U.S. Further support stemmed from the currency market, as the euro surgedemployment data slammed the dollar and raised prospects for a to a new one-month high against the dollar after the European Union,sustained lower interest rate environment and another round of European Central Bank and International Monetary Fund said the nextquantitative easing. Despite the positive finish, Copper prices failed to tranche of international aid for Greece should be available in July.push higher for a third straight week, ending down about 1 percent from Physical trading also helped as Asian investors restocked following alast Friday. Copper rose in the face of surprisingly weak U.S. data that sharp price drop on Thursday. "Buying came in yesterday afternoonshowed only 54,000 jobs were added in May -- far less than even and that helped metals recover from the trough," Standard Bank analystreduced expectations. It was the weakest reading since September for Leon Westgate said. U.S. physical buying was also prevalent this week.U.S. non-farm payrolls growth, while the country's jobless rate rose to Premiums for primary cathode crept higher in response to rising freight9.1 percent in May from 9 percent in April. The report added to a dismal rates and tighter scrap availability. Shanghai bonded warehousestream of U.S. data in recent weeks, upping the chances that the Copper stocks fell by more than a quarter from April as the arbitrageFederal Reserve will need to keep its accommodative policy in place. between Shanghai and LME prices improved and as China's spotLondon Metal Exchange (LME) three-month Copper shed $179, or 2 Copper demand rose in May.percent, to close at $9,099 a tonne. In New York, the July COMEXCopper contract firmed 5.00 cents to settle at $4.1345 per lb.Purchasing managers indexes (PMI), which measure the activities ofthousands of factories across the world, dropped to multi-month lows inthe United States, China and Europe, reports showed this week.

COPPER ENDS UP; BUCKS NEGATIVE IMPACT FROM DATAMarketwatch

Date Time Currency Economic Data Forecast Previous

MonJun 6

1:00pm FOMC Member Plosser SpeaksUSD

1:00pm Treasury Sec Geithner SpeaksUSD

TueJun 7

3:00am FOMC Member Fisher SpeaksUSD

42.1 42.87:30pm IBD/TIPP Economic OptimismUSD

WedJun 8

12:30am Consumer Credit m/mUSD 5.2B 6.0B

1:15am Fed Chairman Bernanke SpeaksUSD

6:30am FOMC Member Dudley SpeaksUSD

All Day OPEC MeetingsALL

2.9M8:00pm Crude Oil InventoriesUSD

11:30pm Beige BookUSD

ThuJun 9

6:00pm Trade BalanceUSD -48.6B

424K

1.0%

-48.2B

422K

1.1%

83B

6:00pm Unemployment ClaimsUSD

7:30pm Wholesale Inventories m/mUSD

8:00pm Natural Gas StorageALL

9:00pm FOMC Member Yellen SpeaksUSD

11:30pm FOMC Member Plosser SpeaksUSD

FriJun 10

6:00pm Import Prices m/mUSD -0.6%

-157.6B

2.2%

-40.5B

All Day G8 MeetingsUSD

11:30pm Federal Budget BalanceUSD



W e e k l y C h a r t

GOLD


COMEX Gold is in an upward phase. Last week

COMEX Gold sustain above 1520$ and made a

close near to its week high. In the coming week

1475$ will act as a major support in COMEX Gold, if

COMEX Gold sustains above 1520 $ an ounce

then above 1550 $ an ounce it can touch the level of

1565$ an ounce and if COMEX Gold sustains

below 1500$ then it can slightly correct and test the

level of 1485$ an ounce.

MARKET OVERVIEW

For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1520 $ an ounce, then

above 1550$ it can test the level of 1565 $ an ounce and above 1575$ it can further move upward. Trade by keeping

the strict stop losses.Major support for COMEX Gold in the coming week is 1500$ and 1460$.Major resistance for COMEX Gold in the coming week is 1580$ and 1625$Major support in MCX Gold is 22400 and 22200Major resistance in MCX Gold is 22850 and 23050

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

1600

1569

1555

1538

1524

1506

1475


SILVER


ExpertObservation

[ 4 ] [ 5 ]

COMEX Silver is technically consolidating on

charts. Last week COMEX Silver was sustaining at

lower levels for most part of the week. For the

upcoming week 3480$ and 3250$ are the crucial

supports and 4000$ and 4250 $ are crucial

resistance in COMEX Silver. In MCX Silver 61000

and 64000 will act as major resistance and 52000

and 50000 will act as major supports.

MARKET OVERVIEW

Technically COMEX Silver is bullish on charts and still in an upward channel, For the next week traders can use buy on

lower level strategy if Silver sustains above the level of 3600$ an ounce, then above 3900$ an ounce it can further go

upward and can test the level of 4000$ an ounce. Trade by keeping the proper stop losses.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

4407

4037

3828

3667

3458

3297

2927

ExpertObservation




CRUDE


NYMEX Crude is in upward phase. Last week

Crude oil neither sustain on higher level nor at

lower level. For the coming week 94$ and 88$ will

act as major supports and 106.50 $ and 109.50$ a

barrel will be a major resistance in NYMEX Crude.

In MCX Crude Oil major resistance is found at 4650

and 4780 and major supports will be 4360 and

4150.

MARKET OVERVIEW

For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 94 $ a

barrel then above 103.5$ it can slightly come up and touch the level of 106 $ a barrel and in MCX above 4625 Crude oil

can touch the level of 4705 if it sustains above 4360. Trade by keeping the proper stop loss.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

111.11

105.85

103.03

100.57

97.76

95.30

90.03


COPPER


ExpertObservation

[ 6 ] [ 7 ]

Copper is in a consolidation phase and traders

should use the strategy of buy on lower levels. Last

week COMEX Copper was down for most part of

week but on that last day it bounced back. If next

week COMEX Copper sustains above the level of

405 then above the level of 420 Copper can test the

level of 426. In MCX Copper above 420 Copper can

test the level of 426 if it does not break the level of

405 on the downside.

MARKET OVERVIEW

For the upcoming week 435 and 437 will act as major resistance and 400 and 380 will act as major supports in COMEX

Copper. For MCX Copper major resistance would be 425 and 437 and supports would be found at 400 and 380.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

448.65

430.65

422.05

412.65

404.05

394.65

376.65

ExpertObservation




NATURAL GAS


Natural Gas is in a consolidation phase and traders

should use the strategy of selling on higher levels.

Last week Natural Gas was up for most part of the

week. If next week Natural Gas does not sustains

above the level of 4.900 $ then below the level of

4.620$ Natural Gas can test the level of 4.520 $ and

above 4.900 $ Natural Gas can slightly go up and

test the level of 5.040 $. In MCX, if Natural Gas

sustains below 210 in the coming week then it can

test the level of 203, if it does not break the level of222 on the upside.

MARKET OVERVIEW

For the upcoming week 4.050$ and 3.650 $ will act as major supports and 5.200$ and 5.600$ will act as major

resistance in US Natural Gas. For MCX Natural Gas major resistance would be 225 and 235, supports would be found

at 200 and 190.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

5.365

5.031

4.869

4.697

4.535

4.363

4.029


USD / INR


ExpertObservation

[ 8 ] [ 9 ]

USD/INR is consolidating on charts so traders can

use the strategy of buying on lower levels. If next

week USD/INR sustains above the level of 44.5000

then above the level of 44.9700 USD/INR can test

the level of 45.1100 and below 44.5000 USD/INR

can slightly go down and test the level of 44.4000.

MARKET OVERVIEW

For the upcoming week 43.8000 and 43.5000 will act as major supports and 45.8000 and 46.4000 will act as major

resistance in USD/INR.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

45.8200

45.3600

45.0900

44.9570

44.6300

44.4400

43.9800

ExpertObservation




[ 10 ] [ 11 ]

Weekly Market Update

Symbol Exchange ExpiryDate

CommodityName

Price UnitPrevious

CloseOpen LowHigh Close

Qty.Traded

NetOpen

Interest

WeeklyTurnOver

(Rs. in Lakhs)*

* Turnover Till Friday

MCXGOLD 5 -AUG -11 GOLD

RS. / 10GM. 22764 22665 2242222804 22652 118653 -112 9636 2662781.92

COPPER MCX 30-JUN-11 COPPER RS. / KG. 417.7 418 401.8420.5 408.7 504746 -9 21011 2066942.27

CRUDE OIL MCX 20-JUN-11 CRUDE OIL RS/QUINTAL 4554 4536 44144666 4504 718814 -50 14544 3245276.68

NATURAL GAS MCX 27-JUN-11 NATURAL GAS RS. / BBL. 205.3 205.5 205.3218.2 210.8 132806 54485.5 347215.07

LEAD MCX 30-JUN-11 NATURAL GAS RS./ MM BTU 114.9 114.7 107.75115.7 110.25 54262 -4.65 2605 301232.60

LEADZINC MCX 30-JUN-11 RS. / KG. 103.3 103.05 99.05103.25 101.35 73264 -1.95 5752 368571.31

NICKEL MCX 30-JUN-11 NICKEL RS. / KG. 1052.7 1047.2 1010.11068.4 1026.9 197066 -25.8 11629 509013.52

ALUMINUM MCX 30-JUN-11 ALUMINIUM RS. / KG. 119.1 118.95 116.65120.6 117.7 22033 -1.4 3401 130209.23

SILVER MCX 5-JUL -11 SILVER RS. / KG. 57505 57650 5303258480 54403 366223 -3102 13723 6097785.05

Commodity Watch




[ 12 ] [ 13 ]

Weekly Market Update

CommodityExpiryDate

ClosingPrice

%Change

NATURAL GAS 27 –JUN-11 210.80 2.68

CommodityExpiryDate

ClosingPrice

%Change

SILVER 05 –JUL-11 54403 -5.39

Disclaimer

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or

opinion. Users have the right to choose the product/s that suits them the most.

Investment in Stocks has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis

and up on sources that we consider reliable.We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are

not responsible for any loss incurred based upon it & take no responsibilitywhatsoever for any financial profits or loss which may arise from the recommendations

above.

The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change

without notice.

CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.

Analyst or any person related to CapitalVia might be holding positions in the stocks recommended.

It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or

its owners or anyone can be held responsible for.

Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with

anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

Weekly Gainers Weekly Losers

International Market

Commodity Closing Price % Change

GOLD 1542.4 0.33

SILVER 3619.1 -4.42

COPPER 413.45 -1.23

CRUDE OIL 100.22 -0.37

NATURAL GAS 4.707 4.18

USD/INR 44.82 -0.77

Weekly Pivots

Scripts R3 R2 R1 PP S1 S2 S3

GOLD 23390.00 23008.00 22830.00 22626.00 22448.00 22244.00 21862.00

SILVER 66201.00 60753.00 57578.00 55305.00 52130.00 49857.00 44409.00

COPPER 447.73 429.03 418.87 410.33 400.17 418.97 372.93

CRUDE OIL 5032.00 4780.00 4642.00 4528.00 4390.00 4276.00 4024.00

NATURAL GAS 237.23 224.33 217.57 211.43 204.67 198.53 185.63

LEAD 127.13 119.18 114.72 111.23 106.77 103.28 95.33

ZINC 109.62 105.42 103.38 101.22 99.18 97.02 92.82

NICKEL 1151.73 1093.43 1060.17 1035.13 1001.87 976.83 918.53

ALUMINUM 126.22 122.27 119.98 118.32 116.03 114.37 110.42

Commodity Watch

LEAD 30 –JUN-11 110.25 -4.05

NICKEL 30 – JUN-11 1026.90 -2.45



Contact Number:

Hotline: +91-91790-02828

Landline: +91-731-668000Fax: +91-731-4238027

You Can Send Us DD & Communication @ Postal Address:

CapitalVia Global Research Limited

No. 99, 1st Floor, Surya Complex, R. V. Road, Basavanagudi

Opposite Lalbagh West GateBangalore - 560004

Corporate Office Address:

No. 99, 1st Floor, Surya Complex

R. V. Road, Basavangudi

Opposite Lalbagh West Gate

Bangalore - 560004

India:

CapitalVia Global Research Limited

No. 506 West, Corporate House

169, R. N. T. Marg, Near D. A. V. V.

Indore - 452001

Singapore:CapitalVia Global Research Pvt. Ltd.

Block 2 Balestier Road

#04-665 Balestier Hill

Shopping Centre

Singapore - 320002

Contact Us

www.capitalvia.com

Bullion Commodity Reports for the Week (6th - 10th June '11)

Documents

Transcript of Bullion Commodity Reports for the Week (6th - 10th June '11)