Market Outlook for Commodities

1. 1th Sept 201
1
MCX
X Gold Sept
hnical View
mentioned
mains the sa
se below th
her side on
mained in be
her side, pri
X Silver Dec
Tec
As m
rem
clos
high
rem
high
MCX
hnical View
mentioned
er prices. T
er prices. C
ect, Silver p
Tec
As m
silve
silve
exp
14
t Hourly Ch
hart
w:
in our prev
me till next
e crucial su
COMEX go
ear zone wh
ices could te
c Hourly Ch
vious repor
t trend reve
upport of 27
old, MCX Go
hich would a
est 26800/2
hart
w:
prices mov
The momen
COMEX Silve
prices could
ved lower b
ntum indica
er prices w
test 41000
A
Aaj Ka Tre
B
end
Bullions
rt prices mo
ersal. From
7150 levels
old would r
add bearish
26600 level
s
oved lower
the above c
adding wea
remain und
hness to the
s.
below 4180
tor, RSI ha
ould remai
0/40800 lev
r achieving
chart, it can
akness to p
er pressure
e prices. For
0 and drifte
s gone belo
n weak be
els.
both the t
n be observ
rices. As lo
e. The mom
r now, as lo
ed lower. W
ow 40 whic
low 18.70$
argets. How
ved that pric
ng as 1250$
mentum ind
ong as 27150
We now ex
ch are supp
on daily c
wever outlo
ces have giv
$ is capped
icator, RSI h
0 is capped
pect furthe
porting our
losing basis
ook
ven
on
has
on
er weakness
bear view
s. For now
s in
on
we

2. 1th Sept 201
1
Fun
Pivo
G
S
Rec
14
damental N
 Overnig
News:
ght, gold p
ns in the co
terest rates
position
hike int
 Gains w
prices inche
ommodity,
sooner nex
were limite
ted the doll
support
 Holding
d, however
lar, which tr
gs in New Yo
at prices wi
bets tha
ot Levels fo
Gold
ilver
r the Day:
ommendat
S1
27,071
41,796
tion:
ork silver co
ll decline. F
Go
Silv
S2
26,96
41,63
old
ver
A
Aaj Ka Tre
ed up in c
though ex
xt year than
end
cautious tr
pectations
n once antic
r, as expec
rades invers
ading as i
that the Fe
cipated capp
ctations for
sely with go
ontracts rea
Futures fell f
changing
old.
ached the h
for a third s
S3
highest in 14
straight sess
3 P
63 26,6
Pivot
676 2
6 41,2
27,250
237 4
42,035
nvestors sn
ederal Rese
ped the pre
napped up
erve remain
ecious meta
U.S. monet
tary policy
4 months as
sion.
R1
27,358
42,195
s investors
Se
Sel
R2
27,537
42,434
ell
ll
p nicely‐pric
ns on track
l's gains.
ced
k to
within a y
ear
added to th
heir
R3
7 27,8
824
4 42,8
833

3. 1th Sept 201
1
MCX
14
X Copper N
Nov Hourly C
hnical View
ces moved
ies can be
pper would
Tec
Pric
Rall
Cop
M
Chart
ws:
lower in lin
used as sel
add bearish
MCX Alumin
M
ne with our
lling opport
hness to the
num Sept H
MCX Lead S
ourly Chart
Sept Hourly
y Chart
A
Bas
r bearish vi
tunity for t
e prices. The
t
Aaj Ka Tre
end
se Meta
als
iew. We ex
he test of 4
e momentu
xpect furthe
416/414 lev
um indicato
MCX M
Nickel S
MCX M
Zinc Se
er weaknes
vels. Close
r, RSI remai
Sept Hourly
ept Hourly
ss in all the
below 3.08
ins in bear z
y Chart
Chart
e base met
83$ on COM
zone.
als.
MEX

4. 1th Sept 201
1
Fun
Pivo
Co
Alu
L
N
Rec
14
damental N
 Copper
 Copper
News:
trades at 3
futures tra
upply and o
credit s
ot Levels fo
opper
uminum
Lead
Nickel
Zinc
3‐week low
aded near
ongoing stre
r the Day:
ommendat
S1
422.3
123.7
128.0
1,132.9
139.0
tion:
Cop
Alum
Le
Nic
Zi
S2
420.
122.
126.
1,122
137.
pper
minum
ead
ckel
nc
A
Aaj Ka Tre
as China jitt
a three‐we
ength in the
end
ters, strong
eek low on
e U.S. dollar
S3
ger dollar w
Wednesda
r hurt sentim
3 P
.1 41
Pivot
16.2 4
.8 12
424.0
21.2 1
.9 12
24.6
.6 1,10
00.9 1
.6 13
35.0
Sell
Sell
Sell
Sell
Sell
24.4
129.1
1,144.3
140.1
eigh.
ay, as fresh
ment.
on Rallies
on Rallies
on Rallies
on Rallies
on Rallies
R1
426.2
125.3
130.3
1,154.6
141.5
h concerns
R2
427.9
126.0
about Chin
131.4
1,166.0
142.7
na's
R3
431.
.8
127.
.6
4 13
0 1,18
7 14
3.6
87.7
45.2

5. 1th Sept 201
1
MCX
X Crude Sep
hnical View
ces have fa
oming sess
els. 5500 wo
higher side,
X Natural G
Tec
Pric
upc
leve
on h
MCX
hnical View
ural gas pri
to 245 can
ng support
ying opportu
Tec
Nat
229
taki
buy
14
pt Hourly C
Chart:
ws:
ailed to mo
sion. Howev
ould be phy
prices coul
Gas Sept Da
ove above
ver, rallies
ysiological le
ld drift lowe
aily Chart:
ws:
ices are in c
n b consider
near 40 wh
unity to test
consolidatio
red as buyi
hich is also
t 240/244 le
A
Aaj Ka Tre
E
end
Energy
5720 and
near 5550
evel below
er.
y
drifted low
0 can be co
which 5300
on phase. H
ng opportu
positive co
evels.
wer. We ex
onsidered a
0 could be p
However dip
nity to test
onfirmation
xpect price
as selling o
possible. As
ps near 50%
t higher leve
for prices.
s should m
pportunity
s long as 91
% retracem
els. The mo
Dips near 2
move lower
to test low
.40$ is capp
ent level of
omentum in
236 can be
r in
wer
ped
f the up mo
ndicator, RS
considered
ove
SI is
d as

6. 1th Sept 201
1
Fun
Pivo
C
Na
Rec
14
damental N
 Natural
News:
l gas prices
d for profits
tober contr
and sold
 The Oc
units.
 Nymex
fell on We
s, jumping t
ract settled
oil futures
nce at $93.9
ces dropped
s were expe
r the Day:
resistan
 Oil pric
market
ot Levels fo
rude
atural
Gas
ommendat
S1
5,546
226.3
tion:
s were like
94 a barrel,
d to fresh
ecting last w
Cru
Natur
S2
5,50
231.
ude
ral Gas
A
Aaj Ka Tre
dnesday af
to the sideli
d up 2.79%
end
fter investo
ines to awa
on Tuesda
ely to find
Tuesday's h
eight‐mont
week, while
support at
high.
th lows aft
e a stronger
S3
3 P
3 5,3
390
9 22
28.3
Sell
Buy
rs locked in
it Thursday
y to end at
n gains from
y's weekly su
t $3.984 pe
t $91.24 a
er data rev
U.S. dollar
Pivot
5,616
235.5
on Rallies
on dips 23
barrel, th
vealed U.S.
exacerbate
R1
5,659
229.9
5550
36
m bullish we
upply repor
er million B
eather repo
rt.
British therm
e low from
orts
mal
m Jan. 9, a
stockpiles
ed losses.
R2
and
fell less th
5,729
239.1
han
R3
9 5,8
842
1 24
2.7

7. 1th Sept 201
1
For
14
Sumee
Ritesh
Deveya
et Bagadia
Patel
a Gaglani
r Private Cir
a
rculation On
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8. 1th Sept 201
1
Di
14
isclaim
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Aaj Ka Tre
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