Market Review & Outlook: Precious Metals

DAILY COMMODITY OUTLOOK
28th Nov 2011
Market Review & Outlook

Precious Metals
The precious metals opened the session in the negative territory and witnessed further weakness as the session progressed. Gold prices have now breached its key support zone placed between `28630`28520 levels. Silver prices closed the session with a cut of close to 2%. A break below the `53700 levels will be extremely bearish for silver prices and traders can open up fresh short positions below these levels.
Base Metals & Energy

The base metals opened the session on weak note on the back of negative cues from the global markets. The base metals recovered from their intraday lows but couldnt sustain the recovery till the session closed. Aluminium is the weakest amongst the base metals as it has now registered a close below its strong support levels and traders must consider selling on rallies in this counter. A close below `373 levels can lead to a sell-off in copper prices. Crude oil pulled back from its intraday lows of `4973 levels and closed at the `5040 levels. Crude has been consolidating between `5150 to `4980 levels over the past 4-5 sessions of trade. Natural gas closed the week with strong gains. Traders must go long on dips in this energy.
28th Nov 2011
Strategy/Recommendations
MCX Aluminium Nov `103.80
Traders can go short between `104.30--`104.75 levels with a stoploss placed above `105.65 levels for targets of `102 / `100.75 levels.
MCX Copper Nov `377.55

We recommend traders to go short on a break below `373 levels with a stoploss placed above `377.05 levels for targets of `368.40 / `366 levels.
28th Nov 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 Crudeoil Crude NaturalGas
MCX MCX
DEC DEC
MCX MCX MCX MCX MCX MCX NYMEX MCX
NOV NOV NOV NOV NOV Dec NOV
Bullions UP 28,334 UP 1659 Sideways 53,983 Sideways 30.36 Base Metals Sideways 3.1806 Sideways 376.6 Down 99.2 UP 103.2 Down 103.5 Sideways 886.2 Energy UP 5,037 UP 94.11 UP 61.6
28,371 28,409 28,435 28,462 1671 1682.85 1697 1711 54,156 54,329 54,446 54,563 30.67 30.98 31.57 32.16 3.2301 377.07 99.30 103.30 103.67 887.90 5,052 95.72 123.20 3.2795 3.3224 3.3652 377.55 378 378.5 99.4 99.5 99.6 103.45 103.6 103.7 103.8 103.9 104 889.6 891.4 893.2 5,068 97.34 184.8 5,080 98.23 123.2 5,093 99.13 61.6
28th Nov 2011
Agricultural Commodities
Strategy/Recommendations
NCDEX Soya oil Ref Dec `639.15
We recommend traders to sell between `638.40--`639.75 levels with a stoploss placed above `643.05 levels for downside target of `634 levels.
NCDEX Jeera Dec `13768.00

Traders can sell on rise between `13800--`13900 levels with a stoploss placed above `14065 levels for downside targets of `13550 / `13375 levels.
28th Nov 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 DOWN 13312 UP 34510 DOWN 4631 DOWN 6953 3910 Oilseed Complex Sideways 2226 UP 3129 UP 635 Sideways 172 Sideways 3842 Others UP 4785 UP 14862 UP 3143 UP 2961 UP 1010 Sideways 693 Sideways 1136 DOWN DOWN UP Sideways Sideways 992 581 1319 1168 1090
13540 13768.00 34680 34850.00 4663 4694.00 6999 7046.00 3989 4067.00 2233 3150 637 343 3921 2239.50 3171.00 639.15 514.95 3999.00
14097 35100 4723 7113 4115 2250 3197 642 343 4067 5141 16002 3348 3018 2021 705 1155 1006 589 1340 1194 1104
14426 35350 4751 7181 4162 2261 3223 645 172 4134 5239 16370 3439 3033 1010 710 1164 1009 592 1347 1200 1109
4914 5044.00 15248 15633.00 3200 3256.00 2982 3004.00 2021 3031.00 696 699.70 1141 1146.00 997 584 1326 1178 1095 1002.00 586.80 1333.00 1189.00 1099.50
Apr Nov
Dec Dec
28th Nov 2011
Disclaimer
The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are prepared by Matrix Solutions and his associates. The information contained herein is based on their analysis of the Charts and up on sources that are considered 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. The investments discussed or recommended on this Website may not be suitable for all investors. Past performance may not be indicative of future performance. Some of the securities/commodities presented herein should be considered speculative with a high degree of volatility and risk. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. You specifically agree to consult with a registered investment advisor, which we are not, prior to making any trading decision of any kind. While acting upon any information or analysis mentioned on this website, investors may please note that neither Matrix Solutions nor any person connected with him accepts any liability arising from the use of this information and views mentioned herein. Matrix Solutions and his affiliates may hold long or short positions in the securities/commodities discussed herein from time to time the services are intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any options, futures or other derivatives related to such securities/commodities. Part of this website may contain advertising and other material submitted to us by third parties. 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DAILY COMMODITY OUTLOOK

28th Nov 2011