DAILY COMMODITY OUTLOOK 30th Dec 2011

Market Review & Outlook

Precious Metals
Both the precious metals opened the trading session on a negative note. Gold registered an intraday low of `26517 levels and closed the session at `26836 levels. The silver registered an intraday low of `48562 levels. The silver recovered smartly from these levels and at the end of the session it recovered all its intraday losses and closed the session at `50218 levels.

Base Metals & Energy

The base metals the trading session on a flat note. Lead trade the session on a positive note and closed the session at 105.6 levels. Nickel, Zinc and Aluminum is also closed the session on a positive note. Crude oil opened the session on a negative note and registered an intraday low of `5247 levels. Near term support for the crude oil price is placed at `5300 - 5290 levels. Breakdown below the 5290 levels would be extremely negative for the Crude oil. Natural gas has been trading in a narrow range of 173 167 levels for the past few sessions. Natural gas prices has given a Breakdown from its consolidation levels and closed the session at 163.60 levels. Natural gas is likely to trade in a negative territory for a upcoming few sessions.

DAILY COMMODITY OUTLOOK 30th Dec 2011

Strategy/Recommendations
MCX Crude Jan `5315.00
Traders can short at current levels with a stop loss placed above ` 5384 levels for downside targets of ` 5200 / 5170 levels.

MCX Copper Feb ` 400.20

Traders can go short below 394 levels with a stop loss placed above `404.2 levels for downside targets of ` 380 / `375 levels

DAILY COMMODITY OUTLOOK 30th Dec 2011

Morning Technical Levels for Metals and Energy Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Gold Silver Copper Zinc Lead Aluminium Nickel Crude oil Natural Gas

MCX MCX MCX MCX MCX MCX MCX MCX MCX

FEB MAR FEB DEC DEC DEC DEC Dec Dec

Bullions 26496 Down Down

49018

26156 47819

26836 50218

27197 50961

27558 51705

Base Metals 396 Sideways Down Down Down UP Energy Up Down

5255 160 96 104 105 952

392 95 102 104 936

400 97.5 105.6 105.1 969.1

403 98 107 106 978

406 99 108 106 988

5205 157

5305 163.6

5347 169

5389 174

DAILY COMMODITY OUTLOOK 30th Dec 2011

Agricultural Commodities
Strategy/Recommendations
NCDEX GUAR GUM JAN `24535.00
Traders can go short below 24100 levels between `24060--24140 levels with a stop loss placed above `24840 levels for downside targets of ` 23000 / `22600 levels.

DAILY COMMODITY OUTLOOK 30th Dec 2011

Morning Technical Levels for Agri - Commodities

Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Jeera Pepper Turmeric Chilli Coriander Soybean Mustard Seed Ref Soya Oil Castor Seed Guar Seed Guar Gum Chana Sugar Kapas Cotton Oilseed Cake Gur Potato Menthaoil Wheat Maize

NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX MCX NCDEX NCDEX

Jan Jan Apr Jan Jan Jan Jan Jan Jan

Spice Complex Up 15518 Down 32210 Sideways 4591 Down 6449 Sideways 3822 Oilseed Complex Up 2446 UP 3493 Up 715 Down 3852 Others Up 7062 Up 23319 Sideways 3214 Sideways 2857 Up 816 Up 1226 Down Sideways Sideways Up Up 1053 574 1288 1176 1212

15697 32450 4643 6513 3873 2463 3550 718 3909 7203 23876 3255 2884 824 1235 1058 579 1293 1198 1217

15875 32690 4696 6576 3923 2481 3608 722.45 3965.5 7345 24433 3296 2912 833.2 1245 1063 582.6 1299 1220 1221

16087 32885 4779 6653 3967 2509 3655 729 4034 7483 24914 3320 2930 843 1259 1068 585 1305 1234 1225

16298 33080 4863 6729 4010 2538 3703 735 4102 7622 25395 3344 2949 852 1274 1073 588 1312 1248 1228

Jan Jan Jan Jan

Apr Jan
Jan

Apr
Jan Jan Jan

DAILY COMMODITY OUTLOOK 30th Dec 2011

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