share tips expert commodity calls report 23032011

8/6/2019 Share Tips Expert Commodity Calls Report 23032011

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Daily Commodity Market Update as on Wednesday, March 23, 2011

ACTION

SELL APR

TARGET 2

-

TARGET 1STOPLOSS

What make market to move

ENTRY

20960 21020 20870 20820

Spdr gold trust holdings fell by 0.91 tonnes to 1214.87 tonnes.

Gold looks to take support at 20832 and resistance at 20987.

Gold was little changed as interest-rate hike worries prompted the market to take a breather

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#

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Gold / Silver ratio is at 39.39. Yesterda Gold FIX has closed hi her at : 1426#

SILVER

. .

ACTION ENTRY STOPLOSS TARGET 1 TARGET 2

SELL MAY 54550 54880 54080 53780


# Silver trading range is 53385-54955.

# Silver rose as a bounce in oil prices sent investors into the metals as an inflation hedge.

# Silver is having resistance at 54626 and support at 53841 level.

# U.S. silver exports fell 63.1% in January from previous month, but was up 55.2% from the previous year

# Silver $ FIX is at : 35.95 & CURRENTLY SILVER $ IS TRADING AT : 36.21 & DOWN BY -0.41%

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BUY APR 4680 4640 4722 4780


-ru e ra ng range s - .

# Oil rose as tensions in Middle East and Allied air strikes against targets in Libya stoked more concerns

# Crude looks to test support at 4650 and resistance is seen at 4761.

# Todays crude oil inventories: EXP: 2.0M PREV: 1.7M

# Crude is Tradin at : 105.03.

COPPER


BUY APR 430 428 432.5 434.5


# Copper trading range is 425.2-433.2.

# Copper rose as worries about Japan's nuclear crisis eased and boosted risk appetite

# Copper is taking resistance at 431.60 and support is seen at 427.60.

# Copper daily stocks at Shanghai exchange came down by 1031 tonnes.

# YESTERDAY LME STOCK FOR COPPER CAME Up BY 3850



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BUY MAR 186 182.5 190 194.5


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Commodity Weather Group said that it expected colder-than-average temperatures in key gas-heating areas in U.S.

# NATURAL GAS IS TRADING AT : 4.263

a ura as ra ng range s . - . .

# Natural gas advanced amid expectations for increased demand

# Natural gas looks to test support at 187.70 and resistance is seen at 191.40.

#

Crude rose an intensifying unrest in Yemen highlighted the security risks facing oil output from the Arabian peninsula, home to

the world's biggest oil fields.

Gold steadied as escalating unrest in the Middle East and North Africa underpinned the safe-haven demand.

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share tips expert commodity calls report 23032011

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