DAILY COMMODITY OUTLOOK

20th Dec 2011

Market Review & Outlook

Precious Metals
It was a flat day of trade for Gold & silver. Gold closed the session on an extremely flat note whereas silver prices closed with a cut of close to 1%. The `27400--`27000 levels are strong support zones for gold prices. On the upside, `28300`28600 levels will act as supply zone for gold prices. Silver prices can witness a pullback from lower levels and rally towards the `54000 levels. But, the overall bias in both the precious metals remains bearish.

Base Metals & Energy

The base metals pack except nickel traded in the negative territory throughout the days trade. Base metals like Copper, lead and zinc traded with losses of close to 1% during yesterdays session. Nickel continues to show strength and hence remains the only base metal that remains a buy on dips. The base metals are likely to witness a pullback as they have been correcting over the past 4-5 sessions of trade. Crude oil had a flat session of trade. Crude oil can trade in this mode for some more session of trade before making its next major move.

DAILY COMMODITY OUTLOOK

20th Dec 2011

Strategy/Recommendations
MCX Nickel Dec `980.00
Traders can look to go long between `980--`974 levels with a stoploss placed below `964.60 levels for targets of `992 / `1009 levels.

DAILY COMMODITY OUTLOOK

20th 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 27,367 Down 1572 Down 52,112 Down 28.00 Base Metals Sideways 3.2175 Sideways 384.8 Down 96.83 Down 101.3 Sideways 102.8 UP 955.5 Energy Sideways 4,874 Sideways 92.07 Down 161.2

27,530 27,692 27,825 27,957 1584 1596.05 1609 1623 52,537 52,961 53,393 53,824 28.36 28.73 29.41 30.10 3.2628 387.90 97.52 102.12 103.57 967.77 4,928 93.23 163.37 3.3080 3.3528 3.3975 391.05 393.5 395.9 98.2 99.17 100.1 102.95 103.9 104.8 104.35 105.5 106.7 980 989.8 999.5 4,983 94.39 165.5 5,020 95.09 166.8 5,058 95.79 168

DAILY COMMODITY OUTLOOK

20th Dec 2011

Agricultural Commodities
Strategy/Recommendations
NCDEX Pepper Jan `35630.00
Traders can go on a break above `35950 levels with a stoploss placed below `35411 levels for upside targets of `36500 / `36750 levels.

DAILY COMMODITY OUTLOOK

20th 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 13943 UP 37313 UP 3809 DOWN 6624 3717 Oilseed Complex UP 2339 UP 3420 UP 664 Sideways 172 Sideways 3918 Others UP 5946 UP 19190 UP 3232 UP 2752 UP 952 Sideways 727 Sideways 1180 UP DOWN Sideways Sideways Sideways 1034 535 1295 1093 1115

14185 14428.00 37942 38570.00 4027 4244.00 6776 6928.00 3780 3842.00 2360 3460 669 344 3942 2381.50 3500.00 674.30 516.50 3967.00

14610 39092 4353 7004 3890 2395 3555 679 344 3988 6465 21251 3342 2818 1904 790 1228 1047 572 1324 1144 1181

14793 39613 4461 7080 3937 2409 3610 683 172 4010 6568 21664 3376 2842 952 804 1242 1052 586 1333 1157 1196

6154 6361.00 20014 20839.00 3270 3307.00 2773 2795.00 1904 2856.00 751 775.00 1197 1215.00 1038 546 1305 1112 1141 1043.00 557.50 1315.00 1132.00 1166.50

Apr Dec
Dec Dec

DAILY COMMODITY OUTLOOK

20th Dec 2011

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