DAILY COMMODITY OUTLOOK

13th Dec 2011

Market Review & Outlook

Precious Metals
Both the precious metals opened the first trading session of the week with a negative gap. Gold and silver traded the session with a cut of close to 1% for the entire week. Gold price is again approaching its support zone of `28700 to `28600 levels. On the other hand, a decisive break down below `56000 levels will be extremely negative for silver.

Base Metals & Energy

The base metals too opened the session on a negative note and remained in the red territory throughout yesterdays session. Negative cues from the US and European markets saw the base metals correct further during the evening session. Nickel remained the outperformer amongst the base metals. Crude oil closed the session on a flat note. The `5235 to `5275 zone will act as stiff resistance for crude oil price. Natural gas remained flat during yesterdays session.

DAILY COMMODITY OUTLOOK

13th Dec 2011

Strategy/Recommendations
MCX Crude oil Dec `5203.00
Traders can sell on a break below `5175 levels with a stoploss placed above `5233 levels for downside targets of `5105 / `5075 levels.

MCX Gold Feb `28847.00

Traders can go short between `28850--`28900 levels with a stoploss placed above `29910 levels for downside targets of `28610 / `28500 levels.

DAILY COMMODITY OUTLOOK

13th Dec 2011

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

Gold Spot Gold Silver Spot Silver LME Copper Copper Zinc Lead Aluminium Nickel Crude oil Crude Natural Gas

MCX MCX

FEB MAR

MCX MCX MCX MCX MCX MCX NYMEX MCX

FEB DEC DEC DEC DEC Dec Dec

Bullions Sideways 28,556 Sideways 1625 Down 55,450 Down 30.18 Base Metals Sideways 3.3504 Sideways 402.5 Down 101.7 UP 109.4 Sideways 106.1 UP 946.3 Energy Sideways 5,134 Sideways 96.24 Down 169.1

28,701 28,847 29,041 29,236 1647 1669.05 1705 1741 55,796 56,143 56,653 57,164 30.76 31.33 32.08 32.82 3.3996 405.20 102.43 110.07 106.73 959.13 5,169 97.01 171.67 3.4488 3.5339 3.6190 407.95 411.1 414.3 103.15 104.1 105 110.75 111.4 112 107.35 107.9 108.5 972 979.5 987.1 5,203 97.78 174.2 5,230 5,256 99.10 100.42 175.7 177.1

DAILY COMMODITY OUTLOOK

13th Dec 2011

Agricultural Commodities
Strategy/Recommendations
NCDEX Jeera Dec `13475.00
We reiterate our long call. Traders can go long between `13425--`13550 levels with a stoploss placed below `13211 levels for upside targets of `13850 / `14100 levels.

NCDEX Pepper Dec `35900.00

Traders can go long on a break above `36050 levels with a stoploss placed below `35610 levels for upside targets of `36580 / `36750 levels.

DAILY COMMODITY OUTLOOK

13th 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 CPO Castor Seed Guar Seed Guar Gum Chana Sugar 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 NCDEX NCDEX MCX NCDEX NCDEX

Dec Dec Dec Dec Dec

Dec Dec Dec Dec Dec

Dec Dec Dec Dec Dec

Apr Jan
Dec

Spice Complex UP 13245 UP 35367 UP 4430 DOWN 6795 3840 Oilseed Complex Sideways 2233 UP 3102 UP 636 Sideways 170 Sideways 4029 Others UP 5525 UP 18098 UP 3035 UP 2969 UP 995 UP 698 Sideways 1134 DOWN DOWN DOWN Sideways Sideways 998 542 1301 1127 1055

13377 13509.00 35628 35890.00 4522 4614.00 6881 6968.00 3891 3942.00 2246 3126 639 339 4044 2259.50 3149.00 641.20 509.10 4060.00

13627 36073 4768 7083 4035 2274 3190 645 339 4077 5899 19108 3130 3007 1989 705 1157 1007 548 1322 1142 1104

13745 36257 4922 7199 4128 2289 3230 650 170 4095 5973 19310 3167 3017 995 708 1166 1009 550 1330 1145 1127

5675 5824.00 18502 18906.00 3064 3093.00 2983 2998.00 1989 2984.00 701 703.30 1141 1147.00 1001 544 1308 1133 1068 1004.00 545.30 1315.20 1138.00 1081.00

Apr Dec
Dec Dec

DAILY COMMODITY OUTLOOK

13th Dec 2011

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