Weekly Commodity Tips by

Weekly Newsletter11/04/2011

Weekly Newsletter-Commodity

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Weekly Newsletter

Contents

Market Wrap

Technical Analysis

Gold ( Comex)

Silver ( Comex)

Crude ( Nymex)

Naturalgas ( Nymex)

Copper (Comex)

USD/INR



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MARKET WRAP

Base metals jump to new highs as inflation fears mount

Copper ends up as investors seek inflation hedge

Silver soars on dollar decline

Gold notched its biggest weekly gain in four months

Oil prices surged the most in three weeks on Friday

Gold ended up 3% making a fresh all time high of $1475 and breached its consolidation

range on the back of weaker dollar, prospect of U.S government shutdown, Euro zone

debt fears and inflation worries lifting precious metals. Gold breached its top reversal

pattern and is now at crucial resistance which if broken then Gold can target $1510. SPDR

Gold ETF holdings rose higher to 1,217.209 tonnes.

Silver ended up for fourth consecutive week and made a record high of $40.86 adding

more than 7% while Gold–Silver ratio declined to 28 year low toward 35. Investors are

turning to silver as a hedge against inflation due to its industrial use, healthier demand

outlook and cheaper alternative to gold as it bears a higher risk than gold on a volatility

basis. Holdings of the iShare silver trust rose to 11,192.8 tonnes vs. 11,162.45 tonnes.

Crude Oil continued its uptrend for fourth straight week adding more than 4% to end at

$113.08 after making a fresh 2 ½ year high of $113.16 on the back of Libya stalemate,

investors worry about supplies ahead of Nigerian elections and as dollar weakened

against a basket of currencies, also, large fund action piling in oil and base metals.

EIA crude oil inventories w/w came down at 2.0M vs. 2.9M as against expected at 1.3M.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

GOLD 1601 1553 1506

OUTLOOK

Trend:- Bullish

Resistance:- 1498,1

Support:- 1454,1412

Strategy:- Buy on dips

ECHNICAL VIEW

GOLD

R2 R1 P S1 S2

1506 1490 1459 1443 1412

98,1530$

1412$

Buy on dips

GOLD WEEKLY



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S3 S4

1364 1317

WEEKLY PIVOT

SCRIPT R4 R3 R2

SILVER 49.30 46.15 43.00

OUTLOOK

Trend:- Bullish

Resistance:- 41.95,43.00

Support:- 39.85,38.80


SILVER

R2 R1 P S1 S2

43.00 41.95 39.85 38.80 36.70

41.95,43.00$

39.85,38.80$

Buy on dips

SILVER WEEKLY



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S3 S4

33.55 30.40

WEEKLY PIVOT

SCRIPT R4 R3 R2

CRUDE 128.3 122.6 116.9

OUTLOOK

Trend:- Bullish

Resistance:- 117.3

Support:- 111.8,106.4


CRUDE

R2 R1 P S1 S2

116.9 115.0 111.2 109.3 105.5

117.3,122.2$

106.4$

Buy on dips

CRUDE WEEKLY



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S3 S4

99.9 94.2

WEEKLY PIVOT

SCRIPT R4 R3 R2

NG 5.18 4.83 4.48

OUTLOOK

Trend:- Consolidate

Resistance:- 4.190,

Support:- 3.770,3.390

Strategy:- Sell on high

NATURALGAS

R2 R1 P S1 S2

4.48 4.25 4.13 3.90 3.78

Consolidate

4.190,4.690$

,3.390$

Sell on high

NATURALGAS WEEKLY



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S3 S4

3.43 3.08

WEEKLY PIVOT

SCRIPT R4 R3

COPPER 534.7 503.6 472.5

OUTLOOK

Trend:- Consolidate

Resistance:- 462,488

Support:- 443,421


COPPER

R2 R1 P S1 S2

472.5 461.5 441.4 430.4 410.3

Consolidate

462,488

21

Buy on dips

COPPER WEEKLY



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S3 S4

379.2 348.1

WEEKLY PIVOT

SCRIPT R4 R3 R2

INR 45.61 45.13 44.65

OUTLOOK

Trend:- Consolidate

Resistance:- 44.41

Support:- 43.80,43.

Strategy:- Sell on high

USD/INR

R2 R1 P S1 S2

44.65 44.36 44.17 43.88 43.69

Consolidate

1,44.90

,43.20

Sell on high

USD/INR WEEKLY



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S3 S4

43.21 42.73



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