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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
NAME OPEN HIGH LOW CLOSE % CNG
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
NAME OPEN HIGH LOW CLOSE % CNG
-
. .
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
8/8/2019 Mcx Gold Tips Silver Tips Copper Tips Commodity Free Trial
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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.
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8/8/2019 Mcx Gold Tips Silver Tips Copper Tips Commodity Free Trial
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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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8/8/2019 Mcx Gold Tips Silver Tips Copper Tips Commodity Free Trial
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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.
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8/8/2019 Mcx Gold Tips Silver Tips Copper Tips Commodity Free Trial
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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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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.
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8/8/2019 Mcx Gold Tips Silver Tips Copper Tips Commodity Free Trial
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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