DAILY COMMODITY OUTLOOK

19th Dec 2011

Market Review & Outlook

Precious Metals
Gold & silver closed in the negative territory for the third straight session of trade. Gold registered a low of `27047 levels but recovered from these lower levels as the session progressed. We reiterate that, `27300--`27000 are strong support zones for gold prices. Silver prices too remained in the negative territory throughout the days trade. Sustenance below `54000 levels will see silver prices gradually slip to `51000 levels.

Base Metals & Energy

The base metals traded on a mixed note during yesterdays session. Lead and Zinc closed the session with a cut of 2% and 1% respectively. The price of zinc has closed in the red for the 5th straight session of trade. Nickel remained strong and closed the session with smart gains of just over 1%. Nickel remains the only base metal that remains a buy on dips. Crude oil continued its correction from higher levels and closed in the red for the 3rd consecutive session of the trade. Although crude oil has now broken below a key support level, it can witness some pullback over the upcoming few sessions. On the other hand natural gas price has broken below its multiple support levels placed at the `170 levels on a closing basis. This is an extremely bearish event for natural gas and opens up downside targets of `150 / `147 levels.

DAILY COMMODITY OUTLOOK

19th Dec 2011

Strategy/Recommendations
MCX Nickel Dec `976.90
Traders can look to go long between `979--`972 levels with a stoploss placed below `959.15 levels for upside targets of `992 / `1009 levels.

MCX Lead Dec `103.95

Traders can look to go short between `104.40--`104.75 levels with a stoploss placed above `105.65 levels for downside targets of `103.10 / `102 levels.

DAILY COMMODITY OUTLOOK

19th 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 Down 27,486 Down 1568 Down 53,391 Down 28.88 Base Metals Sideways 3.2379 Sideways 391.4 Down 98.67 Down 102.9 Sideways 105.6 UP 973.3 Energy Sideways 4,888 Sideways 91.48 Down 164.6

27,561 27,636 27,680 27,724 1585 1601.25 1611 1620 53,553 53,714 53,823 53,931 29.30 29.71 30.03 30.34 3.2999 392.32 98.83 103.42 105.68 975.10 4,919 92.68 165.20 3.3620 3.4004 3.4389 393.2 393.8 394.3 99 99.13 99.27 103.95 104.3 104.6 105.75 105.8 105.8 976.9 978.7 980.5 4,950 93.87 165.8 4,968 94.92 166.2 4,986 95.96 166.6

DAILY COMMODITY OUTLOOK

19th Dec 2011

Agricultural Commodities
Strategy/Recommendations
NCDEX Pepper Jan `35620.00
Traders can go long between `35650--`35750 levels with a stoploss placed below `35080 levels for upside targets of `36400 / `36650 levels.

DAILY COMMODITY OUTLOOK

19th 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 13693 UP 36895 UP 4023 DOWN 6145 3792 Oilseed Complex UP 2298 UP 3407 UP 659 Sideways 171 Sideways 3929 Others UP 5893 UP 19262 UP 3172 UP 2722 UP 958 Sideways 718 Sideways 1176 UP DOWN Sideways Sideways Sideways 1031 541 1298 1122 1099

13853 14012.00 37370 37845.00 4051 4080.00 6403 6660.00 3837 3881.00 2327 3436 664 341 3939 2356.50 3466.00 668.80 512.10 3948.00

14119 38150 4137 6789 3943 2375 3490 672 341 3954 6339 20812 3314 2826 1916 762 1220 1037 568 1315 1141 1154

14225 38455 4195 6917 4004 2394 3515 674 171 3959 6561 21588 3350 2876 958 771 1230 1038 577 1320 1150 1169

6005 6116.00 19649 20037.00 3225 3278.00 2749 2777.00 1916 2874.00 735 751.70 1193 1209.00 1033 550 1305 1127 1119 1035.00 559.40 1310.60 1133.00 1138.00

Apr Dec
Dec Dec

DAILY COMMODITY OUTLOOK

19th Dec 2011

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