Weekly commodity tips

Weekly Newsletter Commodity
Newsletter-Commodity
02/05/2011

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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
Gold jumps more than 3 pct to set record high

Silver gained 3 percent this week

Copper fell to a six-week low on Friday

Copper down for 2nd straight month

Oil rises to post 8th straight monthly gain

Gold ended up more than 3% and made a fresh all time high of $1569.35 on the back of
concerns over inflation at highest level, weak dollar and Fed’s policy. Gold can further test
the level of $1600 based on its wave pattern and strong buying of call options & spreads at
$1800. Silver retreated back from $49.83 to end at $48.02, making a Doji, gaining trivial
0.31%. iShare silver trust holdings fell to 11021.34 vs. 11,150.3 tonnes.

Copper ended down nearly 4% as technical pressures mounted and rising concerns over
economic slowdown and higher inflation that can lead to interest rate hike in Europe, Asia
and Latin America kept copper down. Chinese copper inventories in bonded warehouses
also rose in April signaling weaker outlook. Copper stocks monitored by Shanghai Futures
fell for 6th straight week to lowest level since mid- Feb.

Crude Oil jumped and gained nearly 1% making a fresh 32-month of $114.17 and ended
on a strong note at $113.69. Crude oil rose as the weaker dollar and turmoil in North Africa
and the Middle East offset concerns about fuel demand and slowing U.S. economic
growth. Crude is in overall uptrend channel formation and can test the upward resistance
line at $119. EIA crude oil inventories came at 6.2M vs. (-) 2.3M.


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TECHNICAL VIEW
GOLD
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
GOLD 1770 1694 1618 1590 1541 1513 1465 1389 1312

OUTLOOK
Trend:- Bullish

0,1637$
Resistance:- 1590,1637

Support:- 1527,1493
1493$

Strategy:- Buy on dips

GOLD WEEKLY


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SILVER
WEEKLY PIVOT
SILVER 62.86 57.69 52.52 50.10 47.35 44.93 42.18 37.01 31.84

OUTLOOK
Trend:- Bullish

Resistance:- 47.90,
0,51.30$

Support:- 46.55,42.90
,42.90$


SILVER WEEKLY


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CRUDE
WEEKLY PIVOT
CRUDE 123.1 119.7 116.3 115.0 112.9 111.6 109.5 106.0 102.6

OUTLOOK
Trend:- Bullish

Resistance:- 117.3
117.3,122$

Support:- 110.3,105.3
105.3$


CRUDE WEEKLY


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NATURALGAS
WEEKLY PIVOT
NG 5.51 5.20 4.89 4.78 4.58 4.47 4.27 3.96 3.65

OUTLOOK
Trend:- Consolidate

Resistance:- 4.930,
0,5.230$

Support:- 4.190,3.
3.520$


NATURALGAS WEEKLY


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COPPER
WEEKLY PIVOT
COPPER 509.0 480.0 450.9 434.2 421.9 405.2 392.8 363.8 334.7

OUTLOOK
Trend:- Consolidate

Resistance:- 429,44
445

Support:- 409,394
394

Strategy:- Sell on high

COPPER WEEKLY


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USD/INR
WEEKLY PIVOT
INR 45.77 45.29 44.81 44.53 44.33 44.05 43.85 43.37 42.89

OUTLOOK
Trend:- Consolidate

Resistance:- 44.75
75,45.30

Support:- 43.80,43.
,43.20

Strategy:- Sell on high

USD/INR WEEKLY


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