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DAILY COMMODITY OUTLOOK

15th Dec 2011

Market Review & Outlook


Precious Metals
The precious metals pack witnessed a fierce sell-off during yesterdays session. Gold prices registered a low of `27858 levels and closed the session with a cut of 3% whereas silver registered a low of `53455 levels and closed the session with a cut of close to 5%. `27650 and `27300 levels are the next downside targets for gold. On the other hand, silver prices can test the levels of `52680 / `51500 levels over the upcoming few sessions.

Base Metals & Energy


The base metals opened the session on a negative to flat note but started selling off as the European and US markets opened with negative cuts. Copper closed the down 3%. Most of the base metals closed the session with cuts between 2%-3%. Select base metals like Nickel and Lead still remain strong as compared to its peers. Crude oil completely retraced the upmove of the previous session of trade as it closed the session with a cut of over 2%. Sustenance below the `5275 levels will see crude oil testing its recent lows of `5100 levels in the near term.

DAILY COMMODITY OUTLOOK

15th Dec 2011

Strategy/Recommendations
MCX Zinc Dec `101.05
Traders can sell between `100.30--`101.25 levels with a stoploss placed above `102.35 levels for downside targets of `99 / `97.25 levels.

MCX Silver Mar `54332.00


Traders can go short between `54900--`55300 levels with a stoploss placed above `55811 levels for downside targets of `53500 / `52900 levels.

DAILY COMMODITY OUTLOOK

15th 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 27,332 Down 1518 Down 51,731 Down 27.03 Base Metals Sideways 3.1441 Sideways 387 Down 98.65 UP 105.4 Sideways 105.4 UP 934.2 Energy Sideways 5,072 Sideways 90.61 Down 168.4

27,757 28,183 28,709 29,236 1548 1578.05 1627 1676 53,031 54,332 56,056 57,781 28.04 29.04 30.55 32.05 3.2015 392.37 99.85 106.77 106.13 944.27 5,141 92.85 170.13 3.2590 3.3716 3.4843 397.75 405.4 413.1 101.05 102.6 104.1 108.1 110.1 112.1 106.9 107.9 108.9 954.3 970.2 986 5,209 95.08 171.9 5,323 5,436 98.70 102.31 174.9 178

DAILY COMMODITY OUTLOOK

15th Dec 2011

Agricultural Commodities
Strategy/Recommendations
NCDEX Soya oil Ref Dec `671.05
Traders can go long between `667--`664 levels with a stoploss placed below `659.60 levels for upside targets of `675 / `680 levels.

NCDEX Mustard seed Dec `3364.00


Traders can go long between `3345--`3310 levels with a stoploss placed below `3272 levels for upside targets of `3425 / `3460 levels.

DAILY COMMODITY OUTLOOK

15th 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 13278 UP 36152 UP 4426 DOWN 6225 3894 Oilseed Complex UP 2255 UP 3171 UP 645 Sideways 173 Sideways 4051 Others UP 6033 UP 19718 UP 3094 UP 2869 UP 977 UP 702 Sideways 1165 UP DOWN Sideways Sideways Sideways 1001 538 1315 1135 1078

13610 13942.00 36513 36875.00 4518 4610.00 6325 6424.00 3939 3984.00 2303 3267 658 345 4106 2350.50 3364.00 671.05 517.80 4161.50

14144 37108 4690 6623 4022 2386 3412 680 345 4211 6367 20633 3261 2929 1953 717 1218 1044 554 1329 1162 1137

14346 37342 4770 6821 4060 2422 3461 690 173 4261 6433 20816 3308 2955 977 721 1233 1057 559 1334 1169 1149

6167 6300.00 20084 20450.00 3154 3213.00 2886 2902.00 1953 2930.00 707 713.00 1184 1202.00 1016 543 1320 1145 1101 1032.00 548.10 1324.40 1156.00 1124.50

Apr Dec
Dec Dec

DAILY COMMODITY OUTLOOK

15th Dec 2011

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