DTN 22.12

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DAILY COMMODITY OUTLOOK 22nd Dec2011

Market Review & Outlook

Precious Metals

The precious metals opened the session on a positive note but couldnt

sustain the gains until the session drew to a close. Selling pressure at higher

levels saw both gold and silver prices slipping into the negative territory. A

close below the `27650 levels will see gold price head towards the `27000 --

` 27250 levels. A break below t he recent swing low of ` 52500 levels cannot be

ruled out in silver.

Base Metals & Energy

The base metals traded on an extremely flat and lack luster note during

yesterdays session. Most of the base metals closed on a flat to positive note.

Although the base metals are trying to pullback from their respective swing

lows on an int raday basis, they are stil l not able to sustain t he gains until t he

close of the trading session. This clearly indicates supply pressure at higher

levels creeping into m ost of the base m etals.

Crude oil opened the session with smart gains and added to those gains as

the session progressed. It closed t he session w ith a smart gain of close to 1%.

The `5250--5275 levels are a hurdle for crude oil on the upside. A break

above these will open up upside targets of ` 53505390 levels in crude oil.

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Strategy/Recommendations

MCX ZINC Dec ` 98.10

Traders can look to sell below 97.75 levels with a stoploss placed above` 99.60 levels for targets of `9 5.50 / ` 94.25 levels.

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Morning Technical Levels for Metals and Energy

Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Bullions

Gold MCX FEB Down 27,510 27,659 27,809 28,032 28,256

Spot Gold Down 1587 1601 1614.55 1636 1658

Silver MCX MAR Down 52,176 52,662 53,148 53,909 54,670

Spot Silver Down 28.47 28.89 29.30 29.96 30.61

Base Metals

LME Copper Sideways 3.2769 3.3294 3.3820 3.4541 3.5263

Copper MCX FEB Sideways 390.4 394.25 398.1 401.7 405.2

Zinc MCX DEC Down 96.9 97.50 98.1 99.05 100

Lead MCX DEC Down 101.9 102.62 103.3 104.1 104.8

Aluminium MCX DEC Sideways 102.5 103.57 104.65 105.9 107.1

Nickel MCX DEC UP 972.4 985.60 998.8 1008 1017

Energy

Crude oil MCX JAN Sideways 5,077 5,145 5,214 5,262 5,311

Crude NYMEX Sideways 95.93 97.48 99.02 99.90 100.77

Natural Gas MCX Dec Down 162.2 165.33 168.5 170.3 172.2

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Strategy/Recommendations

NCDEX Jeera Jan ` 14437.00

Traders can go short between `14500--`14600 levels with a stoploss placed above

` 14801 levels for downside targets of ` 14300 / ` 14175 levels.

gricultural Commodities

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Morning Technical Levels for Agri - Commodities

Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Spice Complex

Jeera NCDEX JAN UP 13923 14180 14437.00 14772 15107

Pepper NCDEX JAN UP 35062 35303 35545.00 35768 35992

Turmeric NCDEX MAY UP 4331 4425 4518.00 4581 4643

Chilli NCDEX FEB DOWN 6244 6322 6400.00 6466 6532Coriander NCDEX JAN DOWN 3795 3862 3929.00 4045 4161

Oilseed Complex

Soybean NCDEX JAN UP 2380 2397 2414.00 2438 2462

Mustard Seed NCDEX JAN UP 3346 3394 3442.00 3488 3534

Ref Soya Oil NCDEX JAN UP 674 677 680.40 684 687

CPO NCDEX DEC Sideways 172 345 517.25 345 172

Castor Seed NCDEX JAN Sideways 3869 3902 3935.00 3972 4008

Others

Guar Seed NCDEX JAN UP 6426 6595 6765.00 6981 7198Guar Gum NCDEX JAN UP 21068 21546 22023.00 22625 23226

Chana NCDEX JAN UP 3191 3249 3307.00 3380 3453

Sugar NCDEX JAN UP 2853 2864 2874.00 2892 2909

Kapas NCDEX Apr UP 745 753 759.80 771 781

Cotton Oilseed

Cake

NCDEX Jan Sideways 1175 1184 1192.00 1202 1211

Gur NCDEX Jan UP 1069 1075 1081.50 1086 1091

Potato NCDEX Apr DOWN 564 568 572.00 576 580

Menthaoil MCX Dec DOWN 1286 1292 1297.60 1303 1308

Wheat NCDEX Jan Sideways 1171 1178 1184.00 1195 1205

Maize NCDEX Jan Sideways 1161 1167 1173.50 1184 1195

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DTN 22.12

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