Bullion Commodity Reports for the Week (07th Mar -11th Mar - 2011)

8/7/2019 Bullion Commodity Reports for the Week (07th Mar -11th Mar - 2011)

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Weekly Report

Commodity 0 7 t h M a r c h - 1 2 t h M a r c h 2 0 1 1

www.capitalvia.comCapitalvia Global Research Limited

WEEKLY

Precious Metals RecoversOn China's Demand !


2/8

2 | www.capitalvia.com

Weekly Report

Commodity

Economic Data

Capitalvia Global Research Limited

1:30am

8:30pm

Consumer Credit m/m

IBD/TIPP Economic Optimism

USD

USD

8:30pm

9:00pm

Wholesale Inventories m/m

Crude Oil Inventories

USD

USD

WedMar 9

-0.4M

1.0%

6.1B

50.9

1.0%

3.6B

51.8

Date Time Currency Economic Data Forecast Previous

TueMar 8

6:00pm

6:45pm

8:30pm

9:00pm

Challenger Job Cuts y/y

ADP Non-Farm Employment Change

Fed Chairman Bernanke Testifies

Crude Oil Inventories

JPY

JPY

USD

USD

WedMar 2

187K

-46.0%

0.8M

180K

7:00pm

7:00pm

9:00pm

Trade Balance

Unemployment Claims

Natural Gas Storage

USD

USD

USD

ThuMar 10368K

-85B

-40.6B

373K

-41.3B

7:00pm

7:00pm

9:00pm

Trade Balance

Unemployment Claims

Natural Gas Storage

USD

USD

USD

ThuMar 10

368K

-85B

-40.6B

373K

-41.3B

12:30am

7:00pm

7:00pm

8:25pm

8:25pm

8:30pm

Federal Budget Balance

Core Retail Sales m/m

Retail Sales m/m

Prelim UoM Consumer Sentiment

Prelim UoM Inflation Expectations

Business Inventories m/m

USD

USD

USD

USD

USD

USD

FriMar 11

0.3%

0.3%

77.5

3.4%

0.8%

-49.8B

0.7%

0.6%

77.3

0.6%

-235.1B


3/8


4/8

GOLD

COMEX Gold is in an upward phase. Last week COMEX Gold sustains above the level of

1405$ and was, made a weekly close above 1420$ an ounce. In the coming week 1390$will act as a major support in COMEX Gold, if COMEX Gold sustains above 1425$ an ounce

then above 1441 $ an ounce it can touch the level of 1460$ an ounce and if COMEX Gold

sustains below 1390$ then it can slightly correct and test the level of 1370$ an ounce.

Market Overview

For the next week traders can use buy on lower level strategy if COMEX Gold sustains above

1425$ an ounce, then above 1441$ it can test the level of 1460$ an ounce and above1460$ it can further move upward. Trade by keeping the strict stop losses.Major support for COMEX Gold in the coming week is 1370$ and 1340$.Major resistance for COMEX Gold in the coming week is 1450$ and 1475$Major support in MCX Gold is 20800 and 20400Major resistance in MCX Gold is 21200 and 21450

Strategy

SILVER

COMEX Silver is technically strong on charts. Last week COMEX Silver sustained above3200$. For the upcoming week 3325$ and 3150$ are the crucial supports and 3600$ and

3370$ are crucial resistance in COMEX Silver. In MCX Silver 55000 and 58000 will act as

major resistance and 50000 and 48600 will act as major supports.

Market Overview

COMEX Silver is technically strong on charts. Last week COMEX Silver sustained above

3200$. For the upcoming week 3325$ and 3150$ are the crucial supports and 3600$ and3370$ are crucial resistance in COMEX Silver. In MCX Silver 55000 and 58000 will act as

major resistance and 50000 and 48600 will act as major supports.

Strategy


1496 1460 1444 1424 1408 1389

R3 R2 R1 PP S1 S2 S3

1353

Script

Levels

3958 3716 3624 3474 3382 3232


2990

Script

Levels

Weekly Report

Commodity

Technical Analysis



5/8

CRUDE OIL

NYMEX Crude is in upward phase. Last week in Crude oil sustained above 96$ and closed

to its week high. For the coming week 89.50$ will act as major support and 110 $ a barrelwill be a major resistance. In MCX Crude Oil major resistance is found at 4800 and 4950 and

major supports will be 4590 and 4370.

Market Overview

For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains

above the level of 93.50 $ a barrel then above 106 $ it can slightly come up and touch the

level of 107.20 $ a barrel and in MCX above 4800 Crude oil can touch the level of 4880 if it

sustains above 4590. Trade by keeping the proper stop loss.

Strategy

COPPER

Copper is in an upward consolidation phase and traders should use the strategy of buy onlower levels. Last week COMEX Copper neither sustained on higher level nor at lower levels.

If next week COMEX Copper sustains above the level of 441 then above the level of 456

Copper can test the level of 463. In MCX Copper above 455 Copper can test the level of 462

if it does not break the level of 430 on the downside.

Market Overview

For the upcoming week 460 and 470 will act as major resistance and 420 and 407 will act as

major supports in COMEX Copper. For MCX Copper major resistance would be 460 and 472

and supports would be found at 427 and 418.

Strategy


119.59 110.79 107.60 101.99 98.80 93.19


84.39

Script

Levels

474.50 461.70 455.10 448.85 442.30 436.00


423.10

Script

Levels

Technical Analysis

Weekly Report

Commodity



6/8

NATURAL GAS

Natural Gas is in a consolidation phase and traders should use the strategy of buying on

lower levels. Last week Natural Gas was able to sustain above 3.800$ and bounced back onlast day of the week. If next week Natural Gas sustains above the level of 3.800$ then above

the level of 3.830$ Natural Gas can test the level of 3.960 $ and below 3.710$ Natural Gas

can slightly go down and test the level of 3.590$. In MCX, if Natural Gas sustains above173

in the coming week then it can test the level of 182, if it does not break the level of 167 on

the downside.

Market Overview

For the upcoming week 3.650$ and 3.200 $ will act as major supports and 4.880$ and

5.200$ will act as major resistance in US Natural Gas. For MCX Natural Gas major resistance

would be 207 and 220, supports would be found at 165 and 150.

Strategy

USD / INR

USD/INR is consolidating on charts so traders can use the strategy of buying on lowerlevels. If next week USD/INR sustains above the level of 44.6600 then above the level of

45.0800 USD/INR can test the level of 45.4000 and below 44.6600USD/INR can slightly go

down and test the level of 44.5000.

Market Overview

For the upcoming week 44.5000 and 43.8000 will act as major supports and 46.4000 and

47.1000 will act as major resistance in USD/INR.

Strategy


4.618 4.249 4.029 3.880 3.660 3.511


3.142

Script

Levels

46.0030 45.5030 45.1970 45.0030 44.6970 44.5030


44.0030

Script

Levels

Technical Analysis

Weekly Report

Commodity



7/8

WEEKLY GAINERS INTERNATIONAL MARKET UPDATE WEEKLY

GOLD 1428.6 1.37

SILVER 3532.7 7.38

COPPER 448.55 0.68

CRUDE 104.42 6.68

NATURAL GAS 3.809 -4.89

USD/INR 44.89 -0.80

Commodity Expiry Date Closing Price % Change Commodity Closing Price % Change

WEEKLY LOOSERS

NATURAL GAS 28-MAR-11 171.50 -6.49

ZINC 31-MAR-11 111.60 -1.76

Commodity Expiry Date Closing Price % Change

Gold MCX 5-APR-11 Gold Rs./ 10gm 20961 20971 2083321190 21098 164980 12826 3411420137

Silver MCX 5-MAR-11 Silver RS./ KG. 50771 50850 5060953466 53417 365119 18700 55536332646

Copper MCX 29-APR-11 Copper RS./ KG. 450.65 450.1 445.45454.75 448.75 424127 21943 1898023-1.9

Crude Oil MCX 21-MAR-11 Crude Oil RS./ BBL. 4462 4485 43704739 4731 955428 18986 4297977269

Natural Gas MCX 28-MAR-11 Natural Gas RS./ MM BTU 183.4 183.6 169.1186.8 171.5 172795 17204 377956.2-11.9

Lead MCX 31-MAR-11 Lead RS./ KG. 115.7 115.95 113.8120.3 118.8 71964 2876 417133.13.1

Zinc MCX 31-MAR-11 Zinc RS./ KG. 113.6 113.1 110.25114.2 111.6 86484 5697 483516.5-2

Aluminum MCX 31-MAR-11 Aluminium RS./ KG. 115.95 116.2 115.1117.75 116.4 20488 0.45 1460 118885.6

Nickel MCX 31-MAR-11 Nickel RS./ KG. 1285.8 1287.6 1276.21318.4 1302.2 199230 7650 644763.516.4

Symbol Exch-ange

ExpiryDate

CommodityName

Price Unit PreviousClose

Open LowHigh Close Qty.Traded

Net OpenInterest

WeeklyTurnOver

(Rs. in Lakhs)

CRUDE OIL 21-MAR-11 4731 6.03

SILVER 05 -MAY-11 53417 5.21


Weekly Market Update

Weekly Report

Commodity


LEAD 31-MAR-11 118.80 2.68

COPPER 29-APR-11 448.75 -0.42

*

* Turnover Till Friday


8/8

Gold

Silver

Copper

Crude Oil

Natural Gas

Lead

Zinc

Aluminum

Nickel

Scripts R3 R2 PP S1 S2 S3

21754.33

58211.33

468.25

5351.33

211.20

130.63

119.92

1383.33

121.72

21397.33

55354.33

458.95

4982.33

193.50

124.13

115.97

1341.13

119.07

21040.33

52497.33

449.65

4613.33

175.80

117.63

112.02

1298.93

116.42

20890.67

51528.67

444.55

4487.67

164.80

114.97

109.83

1279.47

115.08

20683.33

49640.33

418.97

4244.33

158.10

111.13

108.07

1256.73

113.77

20326.33

46783.33

431.05

3875.33

140.40

104.63

104.12

1214.53

111.12

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Weekly Pivots

Weekly Report

Commodity

R2

21247.67

54385.67

453.85

4856.67

182.50

121.47

113.78

1321.67

117.73

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Documents

Bullion Commodity Reports for the Week (07th Mar -11th Mar - 2011)