DTN 21.12

8/3/2019 DTN 21.12

1/6

DAILY COMMODITY OUTLOOK 21st Dec2011

Market Review & Outlook

Precious Metals

The precious metals traded in the positive territory for the major part of

yesterdays session. Both, gold and silver closed the session with a gain of

close to 1%. The current pullback in gold can see it test the `28300--`28500

levels over the upcoming sessions of trade. Thus the `27000/`27250--

`28300/`28500 levels will be the broad trading range for gold over the near

term to short term time frame. On the other hand, silver too is likely to test

the ` 54000--`54500 levels on the upside.

Base Metals & Energy

The base metals opened the session on a weak note but recovered their

intraday losses and mov ed into the green t erritory as the day progressed. The

gains increased on the back of positive cues from the Europe & US markets.

As we had pointed out in our previous few trading notes, Nickel continued to

outperform the metals pack as it closed the session with a gain of close to

2%.

Crude oil recovered from its recent swing lows and closed the session with a

gain of over 2%. Sustenance above ` 5125 levels will see crude oil continuing

this upside momentum and thus test levels of `5200 over the upcoming

sessions of this week.

8/3/2019 DTN 21.12

2/6


Strategy/Recommendations

MCX Aluminium Dec ` 105.55

Traders can look to go long between `105.80--`105.25 levels with a stoplossplaced below ` 104.40 levels for target s of ` 106.85 / ` 107.50 levels.

MCX Crude Jan ` 5153.00

Traders can look to go long on dips between `5110--`5080 levels with a

stoploss placed below ` 5039 levels for targets of `517 0 / ` 5200 levels.

8/3/2019 DTN 21.12

3/6


Morning Technical Levels for Metals and Energy

Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Bullions

Gold MCX FEB Down 27,555 27,711 27,867 27,964 28,061

Spot Gold Down 1587 1604 1620.45 1629 1637

Silver MCX MAR Down 52,239 52,863 53,487 53,843 54,199

Spot Silver Down 28.43 29.00 29.57 29.88 30.19

Base Metals

LME Copper Sideways 3.2459 3.3109 3.3760 3.4154 3.4549

Copper MCX FEB Sideways 385.5 390.93 396.35 400.1 403.8

Zinc MCX DEC Down 97.33 98.07 98.8 99.52 100.2

Lead MCX DEC Down 101.4 102.38 103.4 104.6 105.8

Aluminium MCX DEC Sideways 103.9 104.70 105.55 106.2 106.9

Nickel MCX DEC UP 963.2 980.70 998.2 1010 1022

Energy

Crude oil MCX JAN Sideways 4,954 5,053 5,153 5,211 5,270

Crude NYMEX Sideways 99.84 98.73 97.63 95.42 93.22

Natural Gas MCX Dec Down 162.1 163.23 164.4 166.3 168.3

Agricultural Commodities

8/3/2019 DTN 21.12

4/6


Strategy/Recommendations

NCDEX Chana Jan ` 3380.00

Traders can go short between `3370--`3400 levels with a stoploss placed above` 3437 levels for downside targets of ` 3260 / ` 3225 levels.

MCX Menthaoil Dec `1295.30

Traders can go short on a break below `1289 levels with a stoploss placed above

` 1308.10 levels for downside targets of ` 1270 / ` 1255 levels.

8/3/2019 DTN 21.12

5/6


Morning Technical Levels for Agri - Commodities

Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Spice Complex

Jeera NCDEX JAN UP 14325 14527 14729.00 14974 15219

Pepper NCDEX JAN UP 35077 35263 35450.00 35678 35907

Turmeric NCDEX MAY UP 4306 4348 4390.00 4434 4478

Chilli NCDEX FEB DOWN 6258 6326 6394.00 6488 6582

Coriander NCDEX JAN DOWN 3814 3922 4031.00 4107 4184

Oilseed Complex

Soybean NCDEX JAN UP 2410 2420 2430.50 2447 2464

Mustard Seed NCDEX JAN UP 3400 3415 3431.00 3456 3482Ref Soya Oil NCDEX JAN UP 676 679 681.10 685 689

CPO NCDEX DEC Sideways 172 345 516.80 345 172

Castor Seed NCDEX JAN Sideways 3798 3850 3902.00 3984 4065

Others

Guar Seed NCDEX JAN UP 6548 6652 6757.00 6809 6862

Guar Gum NCDEX JAN UP 21109 21491 21874.00 22065 22257

Chana NCDEX JAN UP 3331 3355 3380.00 3414 3449

Sugar NCDEX JAN UP 2849 2866 2882.00 2893 2903

Sugar NCDEX DEC UP 952 1904 2856.00 1904 952

Kapas NCDEX Apr UP 743 753 762.00 779 795

Cotton Oilseed

Cake

NCDEX Jan Sideways 1159 1176 1192.00 1220 1247

Gur NCDEX Jan UP 1074 1079 1083.00 1089 1094

Potato NCDEX Apr DOWN 554 562 569.80 576 582

Menthaoil MCX Dec DOWN 1276 1285 1295.30 1313 1330

Wheat NCDEX Jan Sideways 1174 1183 1193.00 1205 1218

Maize NCDEX Jan Sideways 1162 1170 1177.50 1189 1200

8/3/2019 DTN 21.12

6/6


Disclaimer

The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are

prepared by Matrix Solutions and his associates. The information contained herein is based on their analysis of the Charts and up on sources that are considered

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. The investments discussed or recommended on this Website may not be suitable for all investors. Past performance may not be indicative

of future performance. Some of the securities/commodities presented herein should be considered speculative with a high degree of volatility and risk. Investors

must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe

necessary. You specifically agree to consult with a registered investment advisor, which we are not, prior to making any trading decision of any kind. While acting

upon any information or analysis mentioned on this website, investors may please note that neither Matrix Solutions nor any person connected with him accepts

any liability arising from the use of this information and views mentioned herein. Matrix Solutions and his affiliates may hold long or short positions in the

securities/commodities discussed herein from time to time the services are intended for a restricted audience and we are not soliciting any action based on it.

Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any

options, futures or other derivatives related to such securities/commodities. Part of this website may contain advertising and other material submitted to us by

third parties. We do not accept liability in respect of any advertisements. You acknowledge that any warranty that is provided in connection with any of the

products or services advertised on this website described herein is provided solely by the owner, advertiser, manufacturer or supplier of that product and/or

service, and not by us. We do not warrant that your access to the Website and/or related services will be uninterrupted or error-free, that defects will be corrected,

or that this site or the server that makes it available is free of viruses or other harmful components. Subscribers are advised to understand that the services can fail

due to failure of hardware, software, and Internet connection. Access to and use of this site and the information is at your risk and we do not undertake any

accountability for any irregularities, viruses or damage to any computer or Mobiles that results from accessing, availing or downloading of any information from this

site. We do not warrant or make any representations regarding the use or the results of the use of any product and/or service purchased in terms of its

compatibility, correctness, accuracy, reliability or otherwise. You assume total responsibility and risk for your use of this site and site-related services. A possibility

exists that the site could include inaccuracies or errors. Additionally, a possibility exists that unauthorized additions, deletions or alterations could be made by third

parties to the site. Although we attempt to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness,

correctness or accuracy. In the event that such an inaccuracy arises, please inform our staff so that it can be corrected. Price and availability of products and services

offered on the site are subject to change without prior notic e. To the extent we provide information on t he availability of products or services you sh ould not rely on

such information. We will not be liable for any lack of availability of products and services you may order through the site. Transactions shall be governed by and

construed in accordance with the laws of India, without regard to the laws regarding conflicts of law. Any litigation or any action at law or in equity arising out of or

relating to these agreement or transaction shall be subject to Mumbai jurisdiction only and the customer hereby agrees consents and submits to the jurisdiction of

such courts for the purpose of litigating any such action. A CALL ON SMS is a service given only to members with the sole intention to aid their information means.

We do not guarantee any accuracy of generation, databases, delivery timings etc. while giving this facility. Depending on your location, service provider, medium of

communication and delivery, the service may be at times slow or not there at all. We do not guarantee completion of delivery. We shall in no way be responsible for

delays in receiving SMS on the mobile caused due to delivery methods chosen by the Service Provider, rush on the Service Providers Servers or any other reason

whatsoever that may cause such a delay. Use of this website and its services constitutes acceptance of Disclaimer, Privacy Policy and Terms of Use.

DTN 21.12

Documents

Transcript of DTN 21.12