Bullion news letter

Weekly Newsletter Commodity
Newsletter-Commodity
04/04/2011

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Phone- (0731)4295950

Weekly Newsletter
Contents
Market Wrap
Technical Analysis
Gold ( Comex)
Silver ( Comex)
Crude ( Nymex)
Naturalgas ( Nymex)
Copper (Comex)
USD/INR

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MARKET WRAP
Oil rises to 2-1/2 yr peak on job rise

U.S. March nonfarm payrolls stronger than forecast

U.S. jobless rate hit a two-year low of 8.8 percent

Gold slips on U.S. jobs data

Silver gained 0.2 percent to $37.69 an ounce.

Gold ended up with trivial gains as its upside was hampered due to stronger Non-farm
payrolls data and rising dollar though European debt woes and unrest in Mid-East kept
gold in green. Gold is in consolidation range of $1440 - $1440 while its 14 day RSI is at
54.97. In Fundamentals, holdings of the world’s largest gold backed ETF, NY’s SPDR
gold trust posted biggest quarterly drop since its inception now is at 1211.85 tonnes.

Copper ended down nearly 3% on the back of lull Chinese buying and weak demand and
a rising trend in inventories continued to reflect near-term demand weakness. Copper
ended the week at $424.80. Upbeat U.S payrolls data and manufacturing data failed to
stem the losses as well. The 3-month LME copper ended at $9359 a tonne. LME copper
stocks were at 438,850 tonnes, though near their highest in 8 months.

Crude Oil jumped as supportive U.S. jobs data reinforced economic growth expectations
and Libya's conflict and Middle East unrest kept supply threats in focus, pushing both
Brent & U.S. crude to their highest settlements since 2008 complimented by rise in dollar.
Crude gained nearly 3% to end the week at $108.07 after making a fresh 2-1/2 year high
of $108.16. EIA crude oil inventories w/w came at 2.9M vs. 1.6M.


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TECHNICAL VIEW
GOLD
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
GOLD 1514 1485 14
1455 1442 1426 1413 1397 1367 1338

OUTLOOK
Trend:- Consolidate

Resistance:- 1443
3,1485$

Support:- 1403,1378
1378$

Strategy:- Buy on dips

GOLD WEEKLY


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SILVER
WEEKLY PIVOT
SILVER 41.95 40.42 38.89 38.32 37.36 36.79 35.83 34.30 32.77

OUTLOOK
Trend:- Bullish

Resistance:- 38.60
60,39.70$

Support:- 36.30,34.9
36.30,34.90$


SILVER WEEKLY


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CRUDE
WEEKLY PIVOT
CRUDE 122.9 117.4 111.8 110.0 106.3 104.5 100.8 95.3 89.8

OUTLOOK
Trend:- Consolidate

Resistance:- 111.8
.8,117.3$

Support:- 106.4,101.8
101.8$


CRUDE WEEKLY


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NATURALGAS
WEEKLY PIVOT
NG 5.40 5.05 4.70 4.51 4.35 4.16 4.00 3.65 3.30

OUTLOOK
Trend:- Consolidate

Resistance:- 4.690
690,4.970$

Support:- 4.210,3.
3.770$


NATURALGAS WEEKLY


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COPPER
WEEKLY PIVOT
COPPER 477.9 461.2 444.6 434.7 427.9 418.0 411.3 394.6 378.0

OUTLOOK
Trend:- Consolidate

Resistance:- 437,4
450

Support:- 415,395
5

Strategy:- Sell on high

COPPER WEEKLY


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USD/INR
WEEKLY PIVOT
INR 46.14 45.61 45.08 44.72 44.55 44.19 44.02 43.49 42.96

OUTLOOK
Trend:- Consolidate

Resistance:- 44.90
44.90,45.65

Support:- 44.10,43.40
,43.40

Strategy:- Sell on high

USD/INR WEEKLY


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