MCX Bullion Commodity Reports for the Week (20th - 24th June '11)

8/6/2019 MCX Bullion Commodity Reports for the Week (20th - 24th June '11)

http://slidepdf.com/reader/full/mcx-bullion-commodity-reports-for-the-week-20th-24th-june-11 1/8

Global Research Limited

Week : June 20th to 25th June’ 2011

WEEKLYREPORT

www.capitalvia.com

COMMODITYCOMMODITYMarket

Base Metals Settle Lower On

Weak Us Economic Data

Analyst Speak

Premiumsegment



Economic Data

Week : June 20th to 25th June’ 2011 Week : June 20th to 25th June’ 2011

[ 2 ] [ 3 ]

Fundamental Market Overview

Gold rose nearly 1 percent on Friday, notching its biggest one-day gain 30-day average, preliminary Reuters data s howed, consistent within three weeks, as a sharp dollar drop amid an outline agreement to aid recently lower levels as investors switched their focus on the equitydebt-burden Greece boosted investor appetite across the board. A markets. Even as Gold benefits from a disappointing U.S. economicstring of recent lackluster U.S. economic data, worries Greece's debt outlook, the metal has failed to breach its record high $1,575 set in earlycrisis may escalate and uncertainty related to U.S. debt ceiling talks May. Technical selling, a firm dollar combined with sliding crude oilalso lifted the metal for a sm all weekly gain. Bullion is up nearly 5 prices have kept Gold from rising further. On Friday, investor sentimentpercent in the past 30 days. Gold accelerated gains after mixed U.S. improved after Greece's embattled prime minister replaced his financedata point to a wobbly economic recovery. U.S. consumer sentiment minister to force an unpopular austerity plan, and as the euro rose onworsened more than forecast in J une on continued economic hopes for a new Greek aid package after Germany and France pulledpessimism, but a key measure of future U.S. economic activity rose together on a rescue approach.more than expected in May to a record high. U.S. August Gold futuressettled up $9.20 at $1,539.10 an ounce, after trading between

$1,523.20 and $1,543 an ounce. Trading volume was almost half of its

GOLD POSTS BIGGEST ONE-DAY GAIN IN 3 WEEKSMarketwatch

Oil prices fell on Friday, with U.S. crude slumping to a four-month low biggest weekly loss since the week to May 6. Brent is up 19 percent thisunder $93 as a dimmer economic outlook and the European debt crisis year, while U.S. futures are up less than 2 percent as the Europeandrove crude to its biggest weekly loss since early May. U.S. futures fell market rose to a record premium.more than $3 a barrel as momentum sellers piled into the slide. U.S.crude's discount to Brent widened by more than $1 to $19.90 a barrel.Oil broke away from familiar correlations, diving in tandem with thedollar and despite gains for many commodities.U.S. crude futures for July settled at $93.01 a barrel, down $1.94, or2.04 percent, it's lowest since the Feb. 18. It traded from $91.84 to$95.40 Friday. U.S. crude fell below the 200-day moving average forthe first time since September, drawing additional selling. Brent crudefor August settled at $113.21 a barrel, dropping 81 cents, or 0.71percent, the lowest settlement since May 24, when front-month Brentclosed at $112.53. Trading volume was about 20 percent below the 30-day average. For the week, front-month Brent fell 4.7 percent, the

OIL DROPS, BIGGEST WEEKLY SLIDE SINCE MAYMarketwatch

Copper closed almost flat on Friday, after mixed data pointing to aCopper inventories fell by more than 5 percent to 470,825 tonnes fromshaky economic recovery in the United States limited gains from alast week, when they hit their highest in more than a year. The Copperweaker dollar. Benchmark Copper on the London Metal Exchangecontango, which generally indicates supply exceeds demand in theclosed at $9,095 a tonne, from $9,065 at the close on Thursday. It hit anear term, has narrowed from a nine-month high of $30 in early May tosession high of $9,189. U.S. consumer sentiment worsened this month,$8.50 a tonne. The medium-to-long term outlook lead market remainsalthough a gauge of future economic activity rose in May. The reportsfundamentally positive.are the latest to suggest that the world's largest economy continued to

spin its wheels in the second quarter. A softer dollar against a basket ofcurrencies lent support to base metals prices. A weaker U.S. currencymakes dollar-priced commodities more affordable for holders of othercurrencies.

COPPER ENDS UP DESPITE DIM ECONOMIC PROSPECTSMarketwatch

Date Time Currency Economic Data Forecast Previous

TueJun 14

4:30am FOMC Member Fisher SpeaksUSD

6:00pm Core Retail Sales m/mUSD

WedJun 15

6:00pm Core CPI m/mUSD

0.2%

0.2%

0.3%

0.1%

-0.3%

0.2%

0.9%

0.4%

0.2%

0.6%

0.8%

0.5%

0.3%

1.1%

6:00pm CPI m/mUSD

6:00pm PPI m/mUSD

6:00pm Retail Sales m/mUSD

6:00pm Core PPI m/mUSD

1:00pm Treasury Sec Geithner SpeaksUSD

13.7 11.96:00pm Empire State Manufacturing IndexUSD

45.3B 24.0B6:30pm TIC Long-Term PurchasesUSD

77.2% 76.9%6:45pm Capacity Utilization RateUSD

0.3% 0.0%6:45pm Industrial Production m/mUSD

16 167:30pm NAHB Housing Market IndexUSD

-4.8M8:00pm Crude Oil InventoriesUSD

ThuJun 16

6:00pm Building PermitsUSD

421K

0.55M

427K

0.56M

6:00pm Unemployment ClaimsUSD

-126B -113B6:00pm Current AccountUSD

0.54M 0.52M6:00pm Housing StartsUSD

7.3 3.97:30pm Philly Fed Manufacturing IndexUSD

80B8:00pm Natural Gas StorageUSD

FriJun 17

7:25pm Prelim UoM Consumer SentimentUSD 74.7

4.1%

74.3

7:25pm Prelim UoM Inflation ExpectationsUSD

0.3% -0.3%7:30pm CB Leading Index m/mUSD



W e e k l y C h a r t

GOLD


COMEX Gold is in an upward phase. Last week

COMEX Gold was sustaining at higher levels. In

the coming week 1500 $ will act as a major support

in COMEX Gold. If COMEX Gold sustains above

1555 $ an ounce then above 1560 $ an ounce it can

touch the level of 1575$ an ounce and if COMEX

Gold sustains below 1500$ then it can slightly

correct and test the level of 1485$ an ounce.

MARKET OVERVIEW

For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1530 $ an ounce, then

above 1555$ it can test the level of 1575$ an ounce and above 1585$ it can further move upward. Trade by keeping

the strict stop losses.Major support for COMEX Gold in the coming week is 1500$ and 1460$.Major resistance for COMEX Gold in the coming week is 1575$ and 1625$Major support in MCX Gold is 22400 and 22200Major resistance in MCX Gold is 22800 and 23050

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

1594

1562

1550

1531

1519

1499

1467


SILVER


ExpertObservation

[ 4 ] [ 5 ]

COMEX Silver is technically consolidating on

charts. Last week COMEX Silver neither sustain on

higher levels nor at lower levels. For the upcoming

week 3430$ and 3230$ are the crucial supports

and 3800$ and 4000$ are crucial resistance in

COMEX Silver. In MCX Silver 56300 and 59000 will

act as major resistance and 51800 and 49000 will

act as major supports.

MARKET OVERVIEW

Technically COMEX Silver is bullish on charts and still in an upward channel, For the next week traders can use buy on

lower level strategy if Silver sustains above the level of 3600$ an ounce, then above 3700$ an ounce it can further go

upward and can test the level of 3880$ an ounce. Trade by keeping the proper stop losses.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

4034

3854

3743

3675

3564

3495

3316

ExpertObservation




CRUDE


NYMEX Crude is in upward phase. Last week

Crude oil was not sustaining at higher level. For the

coming week 89$ and 84.85$ will act as major

supports and 98$ and 104.50$ a barrel will be a

major resistance in NYMEX Crude. In MCX Crude

Oil major resistance is found at 4400 and 4630 and

major supports will be 3980 and 3740.

MARKET OVERVIEW

For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 94.70 $ a

barrel then above 97.75$ it can slightly come up and touch the level of 102 $ a barrel and in MCX if Crude sustains

above 4270 then above 4350 it can touch the level of 4500.Trade by keeping the proper stop loss.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

111.15

103.04

98.03

94.93

89.92

86.82

78.71


COPPER


ExpertObservation

[ 6 ] [ 7 ]

Copper is in a consolidation phase and traders

should use the strategy of buy on lower levels. Last

week COMEX Copper was sustaining at higher

level for most part of week and closed above to its

previous week closing. If next week COMEX

Copper sustains above the level of 415 then below

the level of 420 Copper can test the level of 430. In

MCX Copper sustains above 410 then above 415 it

can test the level of 425 if it does not break the level

of 397 on the downside.

MARKET OVERVIEW

For the upcoming week 425 and 437 will act as major resistance and 398 and 389 will act as major supports in COMEX

Copper. For MCX Copper major resistance would be 415 and 425 and supports would be found at 396 and 385.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

444.02

426.97

418.58

409.92

401.53

392.87

375.82

ExpertObservation




NATURAL GAS


Natural Gas is in a slightly downward phase and

traders should use the strategy of buying on lower

levels. Last week Natural Gas was consolidating

for most part of the week but on the last two days it

came down. If next week Natural Gas sustains

above the level of 4.400 $ then above the level of

4.425$ Natural Gas can test the level of 4.500 $ and

below 4.300 $ Natural Gas can slightly go down

and test the level of 4.150 $. In MCX, if Natural Gas

sustains above 197 in the coming week then it cantest the level of 202, if it does not break the level of

188 on the downside.

MARKET OVERVIEW

For the upcoming week 4.200$ and 4.000$ will act as major supports and 4.480$ and 4.730$ will act as major

resistance in US Natural Gas. For MCX Natural Gas major resistance would be 201 and 207, supports would be found

at 188 and 182.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

5.472

4.978

4.978

4.484

4.158

3.990

3.496


USD / INR


ExpertObservation

[ 8 ] [ 9 ]

USD/INR is consolidating on charts so traders can

use the strategy of buying on lower levels. If next

week USD/INR sustains above the level of 44.8200

then above the level of 44.9600 USD/INR can test

the level of 45.4000 and below 44.5400 USD/INR

can slightly go down and test the level of 44.2500.

MARKET OVERVIEW

For the upcoming week 44.1500 and 43.9000 will act as major supports and 45.4500 and 46.0500 will act as major

resistance in USD/INR.

STRATEGY

WEEKLY PIVOTS

Script Levels

R3

R2

R1

PP

S1

S2

S3

45.5700

45.1700

44.9800

44.7700

44.5800

44.3700

43.9700

ExpertObservation




[ 10 ] [ 11 ]

Weekly Market Update

Symbol Exchange ExpiryDate

CommodityName

Price UnitPrevious

CloseOpen LowHigh Close

Qty.Traded

NetOpen

Interest

WeeklyTurnOver

(Rs. in Lakhs)*

* Turnover Till Friday

MCXGOLD 5 -AUG -11 GOLD

RS. / 10GM. 22545 22560 2222222628 22622 130855 77 11934 2905998.63

COPPER MCX 30-JUN-11 COPPER RS. / KG. 401.6 401 398.85412.9 406.45 633986 4.85 22857 2564305.62

CRUDE OIL MCX 19-JUL-11 CRUDE OIL RS/QUINTAL 4482 4487 41724512 4204 137043 -278 10823 579501.35

NATURAL GAS MCX 27-JUN-11 NATURAL GAS RS. / BBL. 213.8 214 194.3216.2 195.5 177084 5414-18.3 409190.31

LEAD MCX 30-JUN-11 NATURAL GAS RS./ MM BTU 114.25 114.15 108.9115.9 109.3 87439 -4.95 3345 490597.46

LEADZINC MCX 30-JUN-11 RS. / KG. 101.05 101 97.65101.8 98.2 93829 -2.85 7096 466385.67

NICKEL MCX 30-JUN-11 NICKEL RS. / KG. 1024.3 1023.2 9691023.9 976.4 297718 -47.9 16733 737871.17

ALUMINUM MCX 30-JUN-11 ALUMINIUM RS. / KG. 116.75 116.55 113.05117.6 113.35 26910 -3.4 3347 154224.45

SILVER MCX 5-JUL -11 SILVER RS. / KG. 54447 54208 5183354208 53948 403922 -499 14260 6383276.80

Commodity Watch




[ 12 ] [ 13 ]

Weekly Market Update

CommodityExpiryDate

ClosingPrice

%Change

COPPER 30 –JUN-11 406.45 1.21

CommodityExpiryDate

ClosingPrice

%Change

NATURAL GAS 27 –JUN-11 195.50 -8.56

Disclaimer

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or

opinion. Users have the right to choose the product/s that suits them the most.

Investment in Stocks has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis

and up on sources that we consider reliable.We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are

not responsible for any loss incurred based upon it & take no responsibilitywhatsoever for any financial profits or loss which may arise from the recommendations

above.

The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change

without notice.

CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.

Analyst or any person related to CapitalVia might be holding positions in the stocks recommended.

It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or

its owners or anyone can be held responsible for.

Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with

anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

Weekly Gainers Weekly Losers

International Market

Commodity Closing Price % Change

GOLD 1539.1 0.65

SILVER 3574.8 -1.59

COPPER 410.2 1.13

CRUDE OIL 99.29 0.00

NATURAL GAS 4.325 -9.08

USD/INR 44.79 0.16

Weekly Pivots

Scripts R3 R2 R1 PP S1 S2 S3

GOLD 23302.00 22896.00 22758.00 22490.00 22352.00 22084.00 21678.00

SILVER 58079.67 55704.67 54826.33 53329.67 52451.33 50954.67 48579.67

COPPER 434.17 420.12 413.28 406.07 399.23 392.02 377.97

CRUDE OIL 4976.00 4636.00 4420.00 4296.00 4080.00 3956.00 3616.00

NATURAL GAS 245.80 223.90 209.70 202.00 187.80 180.10 158.20

LEAD 125.37 118.37 113.83 111.37 106.83 104.37 104.37

ZINC 107.52 103.37 100.78 99.22 96.63 95.07 90.92

NICKEL 1099.57 1044.67 1010.53 989.77 955.63 934.87 879.97

ALUMINUM 123.77 119.22 116.28 114.67 111.73 110.12 105.57

Commodity Watch

CRUDE OIL 19 –JUL-11 4204 -6.20

NICKEL 30 –JUN-11 976.40 -4.68

GOLD 05 –AUG - 11 22622 0.34



Contact Number:

Hotline: +91-91790-02828

Landline: +91-731-668000Fax: +91-731-4238027

You Can Send Us DD & Communication @ Postal Address:

CapitalVia Global Research Limited

No. 99, 1st Floor, Surya Complex, R. V. Road, Basavanagudi

Opposite Lalbagh West GateBangalore - 560004

Corporate Office Address:

No. 99, 1st Floor, Surya Complex

R. V. Road, Basavangudi

Opposite Lalbagh West Gate

Bangalore - 560004

India:

CapitalVia Global Research Limited

No. 506 West, Corporate House

169, R. N. T. Marg, Near D. A. V. V.

Indore - 452001

Singapore:CapitalVia Global Research Pvt. Ltd.

Block 2 Balestier Road

#04-665 Balestier Hill

Shopping Centre

Singapore - 320002

Contact Us

www.capitalvia.com

MCX Bullion Commodity Reports for the Week (20th - 24th June '11)

Documents

Transcript of MCX Bullion Commodity Reports for the Week (20th - 24th June '11)