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8/8/2019 Mcx Gold Tips Silver Tips Copper Tips Commodity Free Trial

1/8

Daily Commodity Market Update as on Thursday, December 30, 2010

PRECIOUS METALS COMPLEX

NAME OPEN HIGH LOW CLOSE % CNG

GOLD 20719 20795 20683 20774 0.32

SILVER 45555 46137 45542 46024 0.95

GOLD 1411.45 1414.05 1409.60 1412.45 0.06

SILVER 30.57 30.74 30.56 30.64 0.26

PLATINUM 1758.00 1760.24 1747.50 1760.24 0.23

Gold prices jumped over 1.5 percent and silver streaked

toward a 30-year high on Tuesday, as thin volume and

bullish hopes for next year drove bullion above $1,400 an

ounce for the first time in two weeks. Precious metals

held their gains to trade at the day's highs even after the

U.S. dollar reversed deep early losses. Data showing an

unexpected deterioration in U.S. consumer confidence

and a sharp fall in U.S. single-family home sales fed

gold's rise as the dollar gyrated.

SPOT $

MCX


CRUDE 4139 4148 4113 4123 -0.36

N.GAS 195.00 196.00 192.00 193.80 -1.03

Crude yesterday traded in the tight range of 4120-4150

on low market participation but continuous to march

higher as report showed U.S. retailers had their best

holiday sales in five years and crude supplies were

forecast to extend their biggest monthly decline since

December 2006. Nat. as esterda um ed almost 5%

MCX

ENERGY COMPLEX

CRUDE 91.15 91.65 90.92 91.21 0.07


-

. .

after a fall in starting week and could march higher on

demand with drop in supply expectation.

BASEMETAL COMPLEX

Base metal counter was traded with mixed sentimental

'

MCX

. . . . - .

ZINC 104.35 107.10 104.35 106.95 2.57

NICKEL 1083.20 1095.50 1071.70 1075.10 -0.67

LEAD 111.50 113.70 111.15 113.30 1.50

ALUMINIUM 110.45 111.4 109.55 110.1 -0.18

COPPER 9412.00 9473.75 9380.00 9470.00 0.63 3000

ZINC 2395.75 2409.00 2370.00 2409.00 0.17 -200

COPPER

ZINC

370725

698625

mar et initia y jumpe ignoring t e C ina s igure ut as

LME market was closed on Tuesday for the Boxing Day

holiday market dipped backed and mostly all counter

closed in negative zone.

LME STOCKLM E

. . . . .

NICKEL 23900.00 2460.00 23900.00 24125.00 0.92 570

LEAD 2529.00 2545.00 2514.00 2525.50 0.32 -25

ALUMINIUM 2451.25 2545.00 2446.00 2460.00 0.04 -6225

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

20329.26 6077.2 2231.64 1259.94 7969.5 11585.38 10219.26 2741.76 2044.54 22952 79.7

GLOBAL MARKETS UPDATE

4275275

NICKEL

LEAD

ALUMINIUM

136878

207850

0.36 0.28 0.19 0.09 0.48 0.09 -1.21 -0.35 0.05 -0.08 -0.12

Page No. 1www.sharetipsexpert.comStrictly for private circulation


2/8

OPEN

20719

HIGH

FUTUR

E LOW20683

% CNG

VOLUME

20795

CLOSE

20774

0.32

X

GOLD

INTRADAY LEVELS

15357

27734

OI

RE CNG

Spot gold hovered near its three-week high buoyed by a slightly weaker dollar, while investors

66

P.P. 20751

SUP 1 RES 1

20706 20818

SUP 2 RES 2

20639 20863

SUP 3 RES 3

20594 20930

MC

con nue o e on ur er pr ce ra y n prec ous me a s. o opene marg na y ower a20719 and quickly dipped to an intraday low of 20683 shortly afterwards. Dollar weakness

coupled with a strong rally in treasuries saw gold reach an intraday high of 20795 late in the

session. The metal ended the day shortly after at 20775.Holdings in SPDR Gold Trust, the

world's largest gold-backed exchange-traded fund, remained unchanged at 1,284.062 metric

tons. now technically market is trading in the range as RSI for 18days is currently indicating

59.37, where as 50DMA is at 20457.54 and gold is trading above the same and getting

support at 20706 and below could see a test of 20639 level, And resistance is now likely to be

LOW

UR

E46137

45542

OPEN

45555

HIGH

VERFU

RE CNG

46024

% CNG

OI

16281

63001

0.95

VOLUME

P.P. 45901

SUP 1 RES 1

45665 46260

SUP 2 RES 2MCXS

I

Silver geared toward a 30-year peak on fresh buying and dollar weakness, Yesterday silver

opened the day higher at 20795. After an initial dip to an intraday low of 20683 just after the

open, the metal turned higher in line with crude and equity gains. Reaching an intraday high

of 20795 late in the session, silver ended the day at 46024. The dollar edged lower against a

basket of currencies, after declining to a seven-week low against the yen and dropping versus

438

INTRADAY LEVELS

45306 46496

SUP 3 RES 3

45070 46855

Strictly for private circulation

t e euro on We nes ay. Spot si ver e ge up 0.2 percent to 30.62 an ounce, ust e ow t e

30-year high of $30.68 hit on Dec 7. now technically market is getting support at 45665 and

below could see a test of 45306 level, And resistance is now likely to be seen at 46260, a

move above could see prices testing 46496.

www.sharetipsexpert.com Page No. 2


3/8

OPEN

4139

HIGH

FUTURE 4148

LOW

4113CLOSE

4123

% CNG

-0.36

VOLUME

CRUDE

76096

OI

24262

RE CNG

-15

INTRADAY LEVELS

Oil steadied above $91 ahead of U.S. inventory data that was expected to show a drawdown in crude stocks P.P. 4128

SUP 1 RES 1

4108 4143

SUP 2 RES 2

4093 4163

SUP 3 RES 3

4073 4178

MC

for the fourth consecutive week. EIA will release its weekly fuel stocks report today, API reported crude oil

stocks rose unexpectedly by 3.1 million barrels in the week to Dec. 24. Gasoline stocks fell by 3.1mbls and

distillate stocks raised 1.4mbls, whereas inventories were expected to be down 2.6mbls, while gasoline

stocks were seen up 1.4mbls. Distillates were expected to be down 600k barrels. Warmer weather forecasts

after the blizzard that pummeled the U.S. Northeast also cast doubts on sustained domestic demand for

heating fuel, weighing on crude prices. Now technically market getting support at 4108 and below could see

a test of 4093 level, And resistance is now likely to be seen at 4143, a move above could see prices testing

4163.

TUR

EOPEN

431.10

HIGH

432.60LOW

428.15

PPERFU 429.55

% CNG

-0.37

VOLUME

72453

OI

35683

RE CNG

P.P. 430.1

SUP 1 RES 1

427.6 432.1

SUP 2 RES 2MCXC

O

Copper yesterday traded with the negative node and settled -0.37% down at 429.55 fell as investors took

profit for the first time in three sessions and closed up in London after record highs as U.K. markets

reopened from the long Christmas break. Copper output in Chile, the world's top producer, fell 0.3% in

November from a year earlier to 467,478 mt, according to the official statistics on Wednesday. Coupled with

general consensus that demand in 2011 will exceed supply however, LME copper prices showed weak

movements during the US and European trading hours, and fell back after reaching USD 9,384/mt, despite

-1.6

INTRADAY LEVELS

425.7 434.6

SUP 3 RES 3

423.2 436.5

the US dollar down to 79.76. Finally, LME copper market closed at USD 9,411/mt, up 0.54%. Trading

volumes stayed low at around 8,074 lots. For today's session market is looking to take support at 427.6, a

break below could see a test of 425.7 and where as resistance is now likely to be seen at 432.1, a move

above could see prices testing 434.6.

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4/8

OPEN

104.35

HIGH

UTUR

E107.10

LOW

104.35CLOSE

106.95

% CNG

2.57

VOLUME

X

ZINC

24913

OI

6608

RE CNG

2.75

INTRADAY LEVELSZinc yesterday traded with the positive node and settled 2.57% up at 106.95 as market

P.P. 106.1

SUP 1 RES 1

105.2 107.9

SUP 2 RES 2

103.4 108.9

SUP 3 RES 3

102.4 110.7

MC

reopene a er e r s mas o ay. e o ar n ex overn g opene ow an move

lower, with the index dipping to 79.7. LME zinc prices overnight tracked SHFE zinc prices

during the holiday, with prices breaking the 60-day moving average and finally closing at USD

2,398/mt, up USD 100.8/mt. But the transaction was still weak. In yesterday's trading session

zinc has touched the low of 104.35 after opening at 104.35, and finally settled at 106.95. For

today's session market is looking to take support at 105.2, a break below could see a test of

103.4 and where as resistance is now likely to be seen at 107.9, a move above could see

prices testing 108.9.

UR

EOPEN

1083.20

HIGH

1095.50LOW

1071.70

KELFU 1075.10

% CNG

-0.67

VOLUME

30677

OI

7188

RE CNG

P.P. 1080.8

SUP 1 RES 1

1066.0 1089.8

SUP 2 RES 2MCXN

I

-7.2

INTRADAY LEVELSNickel yesterday traded with the negative node and settled -0.67% down at 1075.1 on

technically looking weak on charts. LME nickel prices advancing in the afternoon trading

hours, downstream demand was weak, and consumers' purchasing interest was not high.

Traders' views were divided concerning price outlook, and power of longs and shorts was

balanced, resulting in wait-and-see trading sentiment. In yesterday's trading session nickel

1057.0 1104.6

SUP 3 RES 3

1042.2 1113.6

as touc e t e ow o 1071.7 a ter opening at 1083.2, an ina y sett e at 1075.1. For

today's session market is looking to take support at 1066, a break below could see a test of

1057 and where as resistance is now likely to be seen at 1089.8, a move above could see

prices testing 1104.6.



5/8

ROPEN

110.45

HIGH

UMFU

T111.40

LOW

109.55CLOSE

110.1

% CNG

-0.18

VOLUME

LUMINI

-0.2

INTRADAY LEVELS

Aluminum yesterday traded with the negative node and settled -0.18% down at 110.1 LME

7923

OI

1808

RE CNG

P.P. 110.4

SUP 1 RES 1

109.3 111.2

SUP 2 RES 2

108.5 112.2

SUP 3 RES 3

107.5 113.0MCX

aluminum prices opened higher at USD 2,447/mt, and later fluctuated higher and finally

closed at an intraday high of USD 2,455/mt, up USD 25/mt compared with the previous

trading day, or up 1%. Positions fell by 2,971 lots, while LME aluminum inventories fell by

2,700 mt to 4,272,575 mt. In yesterday's trading session aluminum has touched the low of

109.55 after opening at 110.45, and finally settled at 110.1. For today's session market is

looking to take support at 109.3, a break below could see a test of 108.5 and where as

resistance is now likely to be seen at 111.2, a move above could see prices testing 112.2.

TURE

OPEN

195.00

HIGH

196.00LOW

192.00

.GAS

F % CNGVOLUME

45712

20778

RE CNG

OI

193.80

-1.03

P.P. 193.9

SUP 1 RES 1

191.9 195.9

SUP 2 RES 2

CXNA

-2

INTRADAY LEVELS

Natural gas yesterday traded with the negative node and settled -1.03% down at 193.8.

Some pressure had been seen from the crude also which closed down by -0.36%, and closed

at 4123. In yesterday's trading session natural gas has touched the low of 192 after opening

at 195, and finally settled at 193.8. For today's session market is looking to take support at

189.9 197.9

SUP 3 RES 3

187.9 199.9

191.9, a break below could see a test of 189.9 and where as resistance is now likely to be

seen at 195.9, a move above could see prices testing 197.9.

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6/8

ACTIVE SPREAD UPDATE

DAILY SPREAD IN GOLD - MCX DAILY SPREAD IN SILVER - MCX

MONTH RATE FEB APRIL JUNE MONTH RATE MARCH MAY JULY

FEB 20774 183 350 MARCH 46024 193 282

APRIL 20957 167 MAY 46217 89JUNE 21124 JULY 46306

Spread between Gold FEB & APR contracts yesterday

ended at 183, we have seen yesterday that the gold

market had traded with a positive node and settled 0.32%

up. Spread yesterday traded in the range of 182 - 196.

Spread between Silver MAR & MAY contracts yesterday

ended at 193, we have seen yesterday that the silver

market had traded with a positive node and settled

0.95% up. Spread yesterday traded in the range of 15 -

344.

MONTH RATE JAN FEB MARCH MONTH RATE FEB APRIL

JAN 4123 60 107 FEB 429.55 2.95

FEB 4183 47 APRIL 432.50

MARCH 4230

DAILY SPREAD IN COPPER - MCXDAILY SPREAD IN CRUDE - MCX

Sprea etween copper FEB & APR contracts yester ay

ended at 2.95, we have seen yesterday that the copper

market had traded with a negative node and settled -

0.37% down. Spread yesterday traded in the range of

2.35 - 2.95.

DAILY SP READ IN NICKEL - MCXDAILY SPREAD IN ZINC - MCXARKET

Sprea etween cru e JAN & FEB contracts yester ay

ended at 60, we have seen yesterday that the crude

market had traded with a negative node and settled -

0.36% down. Spread yesterday traded in the range of 47

60.

MONTH MONTH

DEC 106.95 1.10 DEC 1075 12.00

JAN 108.05 JAN 1087

Spread between zinc DEC & JAN contracts yesterday

ended at 1.09999999999999, we have seen yesterdaythat the zinc market had traded with a positive node and

settled 2.57% up. Spread yesterday traded in the range of

1.1 - 2.

Spread between nickel DEC & JAN contracts yesterday

ended at 12.00, we have seen yesterday that the nickelmarket had traded with a negative node and settled -

0.67% down. Spread yesterday traded in the range of

9.80 - 13.1.PREAD

MONTH RATE JAN FEB MONTH RATE DEC JAN

JAN 193.80 2.70 DEC 1153.00 16.10

FEB 196.50 JAN 1169.10

S read between natural as JAN & FEB contracts S read between menthol oil DEC & JAN contracts

DAILY SPREAD IN NAT. GAS - MCX DAILY SPREAD IN MENTHOL - MCX

yesterday ended at 2.70, we have seen yesterday that the

natural gas market had traded with a negative node and

settled -1.03% down. Spread yesterday traded in therange of 2 - 2.7.

yesterday ended at 16.10, we have seen yesterday that

the menthol oil market had traded with a positive node

and settled 0.85% up. Spread yesterday traded in therange of 16.1 to 19.9.



7/8

DAY TIME CURRENCY Forecast Prev ious

7:00pm USD 416K 420KL

Unemployment Claims

DATA

8:15pm USD 61.2 62.5

8:30pm USD 0.018 0.104

9:00pm USD -171B -184B9:30pm USD -2.8M -5.3M

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0ONOMI

C

DATA

Pending Home Sales m/ m

0

0

0

Chicago PMI

Thu 0

0

0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

EC 0

0

0

0

Oil has burst above top exporter Saudi Arabia's preferred $70-$80 range and yet OPEC is unlikely to stop the rally,

helping to prepare the way for the market to bound above $100 a barrel. At meetings this month -- a full conference

--

E

--producers stood by OPEC's two-year-old set of output curbs. Even prices of $100 -- not far above a 26-month high of

$91.88 hit this week -- need not damage the economy and would not mean OPEC should pump more if they resulted

from speculation rather than any shortage, ministers and officials have said. "If it goes to $100 due to speculation,

OPEC will not move," OPEC Secretary General Abdullah al-Badri said this month. He also said the organization did not

want oil to rise that far. Analysts are split into those who see fundamental strength as the world economy recovers,

driving up fuel consumption, and those who focus on differences between today's relatively well-supplied market and

that of 2008, when oil sped to its all-time high of nearly $150 a barrel . "It remains to be seen whether prices are

responding to short-term weather conditions or longer term demand and monetary issues," said Sadad al-Husseini,

an oil analyst and former top official at Saudi state oil giant Saudi Aramco. "Given the still abundant oil inventories, it

CA

N

Uwouldn't make sense for OPEC to over-react on what may be a very transient condition."

China should hasten the liberalisation of its interest rate market to rein in accelerating inflation in the world's second-

biggest economy, a senior Chinese central bank official said on Wednesday. Sheng Songcheng, the head of statistics

at the People's Bank of China, said Beijing should lift the ceiling on deposit rates as it reforms the nation's financialmarkets by easing government control. Higher deposit rates will favour savers and drain the market of excess cash,

seen by many as the main driver of inflation, which hit a 28-month high of 5.1 percent in November. "China should

allow the upward floating of deposit rates. It will gradually enable the market to price in expectations on interest rate

WSYO

rises," he said in an article published on the central bank's "That will help change the negative real deposit rates and

curb inflation." Beijing controls China's interest rate market by setting a ceiling on deposit rates and a floor on

lending rates. This protects banks from competition and ensures they have a decent interest rate margin, which is

around three percentage points now. Public discontent over rising prices in China has led the Chinese government to

adopt a tough anti-inflation stance. The nation's top leaders have said repeatedly that taming inflation is among their

top priorities next year. Sheng said the central bank should consider asset prices and China-U.S. interest rate

differentials when setting monetary policy. Speculative demand in China's property market has pushed prices to

record peaks. This increasingly worries the government as high consumer prices have stirred social unrest in the

past.

NEuro barely changed after weak US data: The euro was barely changed against the dollar in thin year-end trading on

Wednesday, despite a pair of weaker-than-expected economic reports from the United States. The euro bought

$1.3121 in early afternoon European trading, slipping off an earlier session high of $1.3157 and trading just above

the $1.3117 it bought in New York late Tuesday. The British pound was up to $1.5392 from $1.5374 and the dollar

slipped to 82.10 Japanese yen from 82.35 yen. Tuesday saw unexpectedly weak reports on U.S. consumer

confidence and the country's housing market. However, the European currency - whose membership will expand

from 16 to 17 when Estonia joins on Saturday - has been weighed down recently as Europe continues to struggle

with its government debt crisis.

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8/8

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