share tips expert commodity calls report 22032011

8/6/2019 Share Tips Expert Commodity Calls Report 22032011

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Daily Commodity Market Update as on Tuesday, March 22, 2011

20940 20870 20995 21080

TARGET 1STOPLOSS

What make market to move

ENTRYACTION

BUY APR

TARGET 2

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Gold / Silver ratio is at 39.46. Yesterda Gold FIX has closed hi her at : 1432#

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#

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Spdr gold trust holdings fell by 10.62 tonnes to 1215.78 tonnes.

Gold looks to take support at 20874 and resistance at 21037.

Gold gained as intensified fighting in Libya and continuing nuclear crisis in Japan raised demand

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ACTION ENTRY STOPLOSS TARGET 1 TARGET 2

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SILVER


# Silver trading range is 52883-54787.

# Silver prices rose on strong industrial demand and near-term supply tightness

BUY MAY 53850-880 53650 54080 54360

# U.S. silver imports rose 55.6% in January from the previous month, and was up 66.0% from previous year

# Silver $ FIX is at : 36.16 & CURRENTLY SILVER $ IS TRADING AT : 36.18 & UP BY 0.17%

# Silver is having resistance at 54424 and support at 53772 level.

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BUY APR 4620 4580 4674 4705



# Chinas commercial crude oil stocks were down 2% at the end of February from a month earlier

# Crude is Tradin at : 102.5

ru e ra ng range s - .

# Crude oil ended up as air strikes in Libya and growing unrest in Middle East sparked worries about supply disruptions

# Crude looks to test support at 4637 and resistance is seen at 4709.

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COPPER


# Copper trading range is 420.3-440.4.

# Copper fell as concerns about the sustainability of the global economic recovery began to bite.

SELL MAY 432.5 437.5 428.5 422.5


# Copper daily stocks at Shanghai exchange came down by 4353 tonnes.

# YESTERDAY LME STOCK FOR COPPER CAME Up BY 850

# Copper is taking resistance at 434.10 and support is seen at 424.10.



3/3

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186 182.5 190 194.5


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BUY MAR

# NATURAL GAS IS TRADING AT : 4.166

a ura as ra ng range s . - . .

# Natural gas ended flat after rising earlier in the day due to forecasts for colder-than-normal temperatures

# Natural gas looks to test support at 185.30 and resistance is seen at 190.40.

# A drop to the 800-to-850 rig range would be necessary to begin to balance the market.

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Copper prices rallied in London, recouping some of the previous session's 1 percent loss, while Shanghai futures ticked up in light

trade, after fresh news of disruption to copper smelting following the Japan earthquake.Muammar Gaddafi to cease fire on rebels

Brent crude futures were steady near $115, supported by a spreading unrest in the Middle East, while uncertainty about demand

from the world's No. 3 consumer Japan capped gains.

Japan will allow the release of an additional 22 days worth of crude oil from privately held reserves, the trade ministry said. The

trade ministry had already allowed the release of 1.26 million kilolitres from reserves, or three days worth of demand, last week.

and end attacks on civilians.

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share tips expert commodity calls report 22032011

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