Market Review & Outlook: Precious Metals

DAILY COMMODITY OUTLOOK
29th Nov 2011
Market Review & Outlook

Precious Metals
The precious metals started the first trading session of the week with a positive gap. Both Gold and Silver prices remained in the positive territory throughout the days trade. Gold and silver closed the session with smart gains of 1% and 2.5% respectively. The overall price structure of silver still remains bearish as it has a lot of key resistance levels moving ahead. On the other hand, gold prices continue to trade in a broad range of `29000`28300 levels.
Base Metals & Energy

The base metals too opened the session with strong gains on the back of positive cues from the global markets. All the base metals traded with gains of 0.50%-3% during the sessions. Aluminium and nickel remains the weakest amongst the base metals pack and we believe traders can look to go short in these base metals on rise. Although crude oil prices opened on a strong note it was not able to sustain its gains by the session drew to a close. Crude oil prices registered a high of `5223 levels on open but werent able to sustain at these levels. Natural gas prices witnessed a cut of close to 2% for the session. The overall price structure in this energy remains bullish and traders can go long on dips between `182.50`179 levels.
29th Nov 2011
Strategy/Recommendations
MCX Crude oil Dec `5090.00
Traders can go on rise between `5140--`5160 levels with a stoploss placed above `5205 levels for targets of `5088 / `5060 levels.
MCX Mentha oil Nov `1326.30

We recommend traders to go short between `1322--`1328 levels with a stoploss placed above `1341.05 levels for targets of `1308 / `1295 levels.
29th 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 Crude oil Crude Natural Gas
MCX MCX
DEC DEC
MCX MCX MCX MCX MCX MCX NYMEX MCX
NOV NOV NOV NOV NOV Dec Dec
Bullions UP 28,313 UP 1684 Sideways 53,967 Sideways 30.96 Base Metals Sideways 3.3037 Sideways 373.9 UP 99.08 UP 103.1 Down 103.4 Down 886.8 Energy Sideways 4,980 Sideways 94.96 UP 180.2
28,525 28,737 28,899 29,061 1700 1716.25 1728 1740 54,711 55,455 55,988 56,521 31.54 32.12 32.53 32.94 3.3362 380.22 100.17 103.75 104.40 891.57 5,035 96.36 183.33 3.3688 3.4084 3.4481 386.5 391.4 396.2 101.25 102 102.8 104.45 105.3 106.2 105.45 106.1 106.8 896.3 903.8 911.2 5,090 97.75 186.5 5,184 5,278 99.94 102.12 192.2 198
29th Nov 2011
Agricultural Commodities
Strategy/Recommendations
NCDEX Pepper Dec `34965.00
We recommend traders to buy on a break above `35200 levels with a stoploss placed below `34740 levels for upside targets of `35705 / `36000 levels.
NCDEX Chana Dec `3291.00

Traders can buy on a break above `3315 levels with a stoploss placed below `3249 levels for upside target of `3405 levels.
29th 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 13627 UP 34635 DOWN 4602 DOWN 6879 3969 Oilseed Complex Sideways 2225 UP 3159 UP 635 Sideways 172 Sideways 3961 Others UP 4824 UP 15032 UP 3238 UP 2969 UP 1008 Sideways 690 Sideways 1121 DOWN DOWN DOWN Sideways Sideways 995 560 1312 1179 1092
13749 13870.00 34800 34965.00 4684 4766.00 6943 7008.00 4020 4070.00 2237 3173 638 343 3998 2249.00 3187.00 641.45 514.75 4036.00
13983 35120 4814 7049 4103 2260 3198 644 343 4076 5148 15945 3316 3064 2015 703 1142 1006 593 1337 1188 1107
14095 35275 4862 7091 4135 2270 3209 646 172 4117 5244 16172 3342 3087 1008 708 1151 1009 607 1348 1191 1112
4938 5052.00 15375 15717.00 3264 3291.00 3005 3042.00 2015 3023.00 694 698.00 1127 1133.00 999 570 1319 1182 1097 1002.50 579.50 1326.30 1185.00 1102.00
Apr Nov
Dec Dec
29th 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

29th Nov 2011