’

Daily Commodity Market Update as on Tuesday, April 12, 2011

PRECIOUS METALS COMPLEX

NAME OPEN HIGH LOW CLOSE % CNG

MCX
GOLD 21390 21429 21337 21373 -0.18 Bullion was under heavy pressure after Goldman claimed
SILVER 60650 61466 59765 60000 -0.8 there was a strong chance that commodities prices might
SPOT $ reverse and recommended clients take profits on what
GOLD 1462.3 1463.9 1453.75 1454.8 -0.51 has been a hugely profitable trade.
SILVER 40.17 40.4 39.87 39.97 -0.42
PLATINUM 1784.49 1773.5 1767.75 1773.24 -0.73

ENERGY COMPLEX

NAME OPEN HIGH LOW CLOSE % CNG

MCX
CRUDE 5021 5021 4864 4898 -2.69 Crude oil fell in a selloff triggered by a Goldman Sachs
note to clients that they take profits after an extended
N.GAS 178.3 185 178 183.2 2.89
rally. Natural gas ended higher backed by cooler weather
forecasts and technical buying after a six-day slide
SPOT $ d
despite
it still-high
till hi h supplies.
li
CRUDE 113.28 113.46 108.88 109.92 -2.966102

BASEMETAL COMPLEX

NAME OPEN HIGH LOW CLOSE % CNG

MCX
COPPER 442 443 5
443.5 437 65
437.65 438 45
438.45 -1 07
-1.07 Base metal ended weak yesterday affected by Japan's
ZINC 113.25 113.25 111.3 111.8 -1.43 fresh aftershock, the mild growth of the US dollar, and
NICKEL 1232.9 1241.7 1215.3 1232.4 -0.09 lackluster trading data from China.
LEAD 129.9 130.85 128.05 128.25 -2.81
ALUMINIUM 119.7 120 118.15 118.4 -1.35

LME LME STOCK

COPPER 9805 9842.75 9766 9778.75 -0.5 COPPER 1525 445700
ZINC 2520 2525 2505 2510 -0.71 ZINC -300 735675
NICKEL 27700 2680 27365 27450 -0.85 NICKEL -234 120990
LEAD 2855 2855 2822 2822 -0.63 LEAD -975 276575
ALUMINIUM 2680 2855 2669.25 2669.25 -0.48 ALUMINIUM -4250 4577525

GLOBAL MARKETS UPDATE

SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX
19262.54 5785.7 2314.5 1324.41 8445.77 12381.11 9516.72 3033.76 2095.71 23957.66 75.19
0 -0.96 -0.29 -0.28 -0.45 0.01 -2.05 0.36 -1.26 -1.42 0.16

Strictly for private circulation www.sharetipsexpert.com Page No. 1

 OPEN
21390
HIGH
21429
FUTURE

LOW
21337
CLOSE
21373
% CNG
-0.18
VOLUME
X GOLD F

25058
OI
10519
RE CNG
-39

INTRADAY LEVELS
MCX

PP
P.P. 21380
Gold yesterday ended down in tandem with falling crude oil prices, as safe-haven bids faded. The
war premium in the metals seems to have diminished as news that a possible ceasefire in Libya and SUP 1 RES 1
the willingness to negotiate a settlement is weighing on the market. Holdings of the world's largest 21330 21422
gold-backed exchange traded fund, SPDR Gold Trust, climbed 6 tons to about 1,217 tons as of SUP 2 RES 2
Friday. Now support for the gold MCX is seen at 21330 and below could see a test of 21288.
21288 21472
Resistance is now likely to be seen at 21422, a move above could see prices testing 21472.
SUP 3 RES 3
21238 21514

OPEN
60650
TURE

HIGH
61466
LOW
59765
LVER FUT

CLOSE
60000
% CNG
-0.8
VOLUME
120716
OI
15318
MCX SIL

RE CNG
-483

INTRADAY LEVELS
Silver hit new highs on Monday before falling in tandem with crude oil, as safe-haven bids faded
after a peace plan surfaced to end Libya's two-month-old civil war. After hitting a record high 61466 P.P. 60410
earlier in the morning, silver was pressured on an African Union's Libya peace initiative and as SUP 1 RES 1
investors heeded a recommendation from long-term commodities bull Goldman Sachs. Bullion was
59355 61056
also under heavy pressure after Goldman claimed there was a strong chance that commodities
prices might reverse and recommended clients take profits on what has been a hugely profitable SUP 2 RES 2
trade. The spreads between gold and silver have nearly halved since last August. Now silver is 58709 62111
getting support at 59355 and below could see a test of 58709 level, And resistance is now likely to SUP 3 RES 3
be seen at 61056, a move above could see prices testing 62111.
57654 62757

Strictly for private circulation www.sharetipsexpert.com Page No. 2

 OPEN
5021
HIGH
X CRUDE FUTURE
E

5021
LOW
4864
CLOSE
4898
% CNG
-2.69
VOLUME
142970
OI
16720
RE CNG
-132

INTRADAY LEVELS
Crude oil fell in a selloff triggered by a Goldman Sachs note to clients that they take profits after an
MCX

PP
P.P. 4928
extended rally. Worries that high oil prices could reduce demand and stunt the economic recovery
also spurred caution and sparked some liquidations. Saudi Arabia will keep supplies steady in May to SUP 1 RES 1
long-term customers in Asia and Europe but is not trying to force extra barrels on to buyers to drive 4834 4991
prices down. China's crude oil imports in March rose by a modest 3 percent from a year ago at about SUP 2 RES 2
5.1 million barrels per day, data showed. Now support for the crude is seen at 4834 and below could
4771 5085
see a test of 4771. Resistance is now likely to be seen at 4991, a move above could see prices
testing 5085. SUP 3 RES 3
4677 5148

OPEN
442
TURE

HIGH
443.5
LOW
437.65
PPER FUT

CLOSE
438.45
% CNG
-1.07
VOLUME
100225
OI
18869
MCX COP

RE CNG
-4.7

INTRADAY LEVELS
Copper ended weak as the struggling dollar strengthened and a strong aftershock in Japan unnerved
P.P. 439.9
some investors. The day began with Chinese trade data for the month of March, showing the metal-
consuming giant's appetite for copper recovered strongly from February's weaker tone. China is the SUP 1 RES 1
world's largest consumer of copper, accounting for about 40 percent of global demand estimated at 436.2 442.1
around 21 million tonnes this y
year. Copper
pp has touched a low of Rs 437.65 a kg g after opening
p g at Rs SUP 2 RES 2
442, and last traded at Rs438.45.For today market is looking for the support at 436.2, a break below
434.0 445.7
could see a test of 434 and where as resistance is now likely to be seen at 442.1, a move above
could see prices testing 445.7. SUP 3 RES 3
430.4 447.9

Strictly for private circulation www.sharetipsexpert.com Page No. 3

 OPEN
113.25
HIGH
113.25
FUTURE

LOW
111.3
CLOSE
111.8
% CNG
-1.43
VOLUME
CX ZINC F

21640
OI
6504
RE CNG
-1.6

INTRADAY LEVELS
Zinc yesterday traded with the negative node and settled -1.43% down at 111.8 after US
dollar index moved between 74.9-75
74 9-75 yesterday,
yesterday and LME zinc prices mostly fluctuated PP
P.P. 112
112.1
1
MC

between USD 2,525-2,550/mt during Asian trading hours. LME zinc prices once touched a
SUP 1 RES 1
high of USD 2,555/mt, but faced strong resistance. A strong aftershock hit Japan last night,
111.0 112.9
causing LME zinc prices to lose previous gains. Zinc shortages also predicted for around the
middle of the decade due to mine closures are likely to be less acute than feared as miners SUP 2 RES 2
rush to bring new projects on-stream to benefit from soaring prices for co-product silver. For 110.2 114.1
today's session market is looking to take support at 111, a break below could see a test of SUP 3 RES 3
110.2 and where as resistance is now likely to be seen at 112.9, a move above could see 109.0 114.9
i i 114 1

OPEN
1232.9
TURE

HIGH
1241.7
LOW
1215.3
CKEL FUT

CLOSE
1232.4
% CNG
-0.09
VOLUME
45094
OI
7584
MCX NIC

RE CNG
-1.1

INTRADAY LEVELS
Nickel yesterday traded with the negative node and settled -0.09% down at 1232.4 tracking LME
nickel for delivery in three months which was opened at USD 27,550/mt and closed at USD P.P. 1230
27,684/mt overnight, up by USD 159/mt from a day earlier, with the highest price at USD SUP 1 RES 1
27,950/mt and the lowest price at USD 27,370/mt. Affected by Japan's fresh aftershock, the mild
1218 1244
growth of the US dollar, lackluster trading data from China. LME nickel prices slumped during the
aftershock but stabilized at the tail of the trading
early European trading hours from Japan's fresh aftershock, SUP 2 RES 2
and closed with slight gains later. For today's session market is looking to take support at 1217.9, a 1203 1256
break below could see a test of 1203.4 and where as resistance is now likely to be seen at 1244.3, a SUP 3 RES 3
move above could see prices testing 1256.2.
1192 1271

Strictly for private circulation www.sharetipsexpert.com Page No. 4

 URE
OPEN
119.7
HIGH
ALUMINIUM FUTU

120
LOW
118.15
CLOSE
118.4
% CNG
-1.35
VOLUME
4034
OI
2277
RE CNG
-1.6

INTRADAY LEVELS
Aluminium yesterday traded with the negative node and settled -1.35% down at 118.4 as US dollar
MCX A

index fluctuated narrowly around 75 on Monday,

Monday with the low-end rising slightly but pressures at all PP
P.P. 118
118.9
9
moving averages strong. Finally, the US dollar index closed at 75.062, up 0.196 or 0.26% compared
with the previous trading day. LME aluminum prices continued to increase after climbing to USD
SUP 1 RES 1
2,720/mt in the morning session. In the afternoon session, a strong earthquake rattled Japan on 117.7 119.6
Monday and sparked a fresh tsunami alert, triggering investors’ panic sentiment. As a result, LME SUP 2 RES 2
aluminum prices fell below USD 2,700/mt. Later, embattled Libyan leader Moammar Gadhafi has 117.0 120.7
agreed in principal to a deal that would end the conflict in the nation, allowing crude oil prices to fall
SUP 3 RES 3
below USD 110/bbl, which in turn dampened upward momentum in LME aluminum prices. For
today's session market is looking to take support at 117.7, a break below could see a test of 117 115.9 121.4

OPEN
UTURE

178.3
HIGH
185
LOW
178
T.GAS FU

CLOSE
183.2
% CNG
2.89
VOLUME
36899
OI
14600
RE CNG
MCX NAT

5.3

INTRADAY LEVELS
Natural Gas yesterday we have seen that market has moved 2.89% backed by cooler weather
forecasts and technical buying after a six-day slide despite still-high supplies. However, the price P.P. 182.1
drop sparked some bargain buying from traders reluctant to bet that prices would fall further as SUP 1 RES 1
forecasts showed colder-than-normal weather next week. Industry weather group MDA Federal said
179.1 186.1
temperatures in the Midwest and Northeast were expected to be below normal from April 16 to April
M

20 Market has opened at 178.3

20.Market 178 3 & made a low of 178 versus the day high of 185.185 The total volume SUP 2 RES 2
for the day was at 36899 lots and the open interest was at 14600.Now support for the Natural Gas is 175.1 189.1
seen at 179.1 and below could see a test of 175.1. Resistance is now likely to be seen at 186.1, a SUP 3 RES 3
move above could see prices testing 189.1.
172.1 193.1

Strictly for private circulation www.sharetipsexpert.com Page No. 5

 ACTIVE SPREAD UPDATE

DAILY SPREAD IN GOLD - MCX DAILY SPREAD IN SILVER - MCX

MONTH RATE JUNE AUG OCT MONTH RATE MAY JULY SEPT
JUNE 21373 298 616 MAY 60000 924 1873
AUG 21671 318 JULY 60924 949
OCT 21989 SEPT 61873
Spread between Gold JUN & AUG contracts yesterday Spread between Silver MAY & JUL contracts yesterday
ended at 298, we have seen yesterday that the gold ended at 924, we have seen yesterday that the silver
market had traded with a negative node and settled - market had traded with a negative node and settled -
0.18% down. Spread yesterday traded in the range of 275 0.8% down. Spread yesterday traded in the range of 924 -
- 303. 1768.

DAILY SPREAD IN CRUDE - MCX DAILY SPREAD IN COPPER - MCX

MONTH RATE APRIL MAY JUNE MONTH RATE APRIL JUNE
APRIL 4898 61 115 APRIL 438.45 6.2
MAY 4959 54 JUNE 444.65
JUNE 5013
Spread between crude MAR & APR contracts yesterday Spread between copper APR & JUN contracts yesterday
MARKET

ended at 61, we have seen yesterday that the crude ended at 6.2, we have seen yesterday that the copper
market had traded with a negative node and settled - market had traded with a negative node and settled -
2.69% down. Spread yesterday traded in the range of 29 -1.07% down. Spread yesterday traded in the range of 6.2
61. - 6.5.

DAILY SPREAD IN ZINC - MCX DAILY SPREAD IN NICKEL - MCX

SPREAD M

MONTH RATE APRIL MAY MONTH RATE APRIL MAY

APRIL 111.8 1.2 APRIL 1232.4 7.7
MAY 113 MAY 1240.1

Spread between zinc APR & MAY contracts yesterday
ended at 1.2, we have seen yesterday that the zinc
market had traded with a negative node and settled -
1.43% down. Spread yesterday traded in the range of -
0.8 - 1.2.
S
Spread between nickel APR & MAY contracts yesterday
ended at 7.70, we have seen yesterday that the nickel
market had traded with a negative node and settled -
0.09% down. Spread yesterday traded in the range of
6.80 - 7.7.

DAILY SPREAD IN NAT. GAS - MCX DAILY SPREAD IN MENTHOL - MCX

MONTH RATE APRIL MAY MONTH RATE APRIL MAY
APRIL 183.2 5.1 APRIL 1048 -56.6
MAY 188.3 MAY 991.4

Spread between natural gas APR & MAY contracts
yesterday ended at 5.10, we have seen yesterday that the
natural gas market had traded with a positive node and
settled 2.89% up. Spread yesterday traded in the range of
4.9 - 5.1.
Spread between menthol oil APR & MAY contracts
yesterday ended at -56.60, we have seen yesterday that
the menthol oil market had traded with a positive node
and settled 0.09% up. Spread yesterday traded in the
range of -59.1 to -53.3.

Strictly for private circulation www.sharetipsexpert.com Page No. 6

 DAY TIME CURRENCY DATA Forecast Previous
AL

11:30am EUR German Final CPI m/m 0.005 0.005

ONOMICA

2:30pm EUR German ZEW Economic Sentiment 11.7 14.1

2:30pm EUR ZEW Economic Sentiment 29.8 31
DATA

3:45pm USD FOMC Member Dudley Speaks 0 0

6:00pm USD Trade Balance -44.1B -46.3B
6:00pm USD Import Prices m/m 0.021 0.014
Tue 7:30pm USD IBD/TIPP Economic Optimism 45.7 43
11:30pm USD Federal Budget Balance -157.5B -222.5B
ECO

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

OPEC can do little to control prices driven by speculators betting on "worst case scenarios" and has already supplied
the market with the oil it needs, members of the producer group said. "There is little we can do in terms of price
control," UAE Oil Minister Mohammed bin Dhaen al-Hamli told an oil conference in Paris. Already, he said, the
Organization of the Petroleum Exporting Countries had increased output in response to the disruption of supply from
OPEC member Libya. The group, which pumps around a third of the world's oil, has resisted calls for an emergency
meeting before its next scheduled conference in June in Vienna. "International markets are choosing to ignore market
fundamentals and bet on the worse case scenarios," Hamli said, adding the market was well-supplied. Iraq's Deputy
Prime Minister for Energy Affairs Hussain al-Shahristani, a former oil minister, agreed OPEC had done all it could to
calm the current rally. OPEC Secretary General Abdullah al-Badri had also been expected to attend the Paris oil
conference, but sent a letter of apology saying current events had detained him at the OPEC secretariat in Vienna.
SE

"Ongoing events in the Middle East and North Africa are such that I judge it inappropriate for me to absent myself
U CAN US

from the organisation's headquarters in Vienna at this time

time,"" he said
said.

Cane crushing in the second-largest sugar producing state, Uttar Pradesh is almost over with the total production of
sugar being seen at 5.88 million tonne, which would be less than the earlier estimate of 6 million tonne. More than
100 sugar mills in the state have shut down operation. Only two dozen odd mills are still operating - that too at low
EWS YOU

capacity levels. Barring two mills in western Uttar Pradesh, all are expected to close by the end of next week. Sugar
industry players say that the mills, which are still running, are hardly getting enough cane and the season is expected
to close with a production of about 5.88 million tonne sweetener in the 2010-11 sugar season. The figure may vary
slightly but the state would miss the target of producing 6 million tonne as was initially estimated. Though cane
acreage in UP has increased 17% compared to last year and farmers readily sold cane enthused by the high SAP, the
state has been unable to achieve the production target. This is mainly due to floods at the beginning of the crushing
season, which destroyed crops in certain places, and the low yield reported in parts of western UP.
NE

India's industrial output grew at a slower-than-expected pace in February, dragged down by continued contraction in
capital goods, but a hawkish Reserve Bank of India (RBI) is still expected to tighten monetary policy as it battles
stubbornly high inflation. Production at factories, mines and utilities grew 3.6 percent on year in February, lower than
an upwardly revised 3.9 percent growth a month ago. The manufacturing sector, which contributes about 80 percent
to overall output, grew an annual 3.5 percent in February. Capital goods output fell 18.4 percent during the month
compared with an almost 47 percent growth in the same period last year.

Strictly for private circulation www.sharetipsexpert.com Page No. 3

Contact us
CARROTINVESTMENT
Plot no 36, Sector 23, Gurgaon, Haryana (INDIA)
Work Tel#: Fax No:
Mobile Tel#:
E-Mail: carrotinvestment@gmail.com URL: http://www.sharetipsexpert.com

Disclaimer
The report and calls made herein are for general information purpose and report contains only the viewpoints. We make no
representation or warranty regarding the correctness, accuracy or completeness of any information, and are not responsible for
errors of any kind even though we have taken utmost care in obtaining the information from sources which are believed to be
reliable, which are publicly available. The information contained herein is strictly confidential and is meant for the intended
recipients. Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of the
information without prior consent of SHARETIPSEXPERT GROUP is prohibited. The information and data are derived from the
source that are deemed & believed to be reliable and the calls are based on the theory of Technical Analysis. Neither the
company nor itsit employees
l are responsible
ibl ffor the
th ttrading
di P
Profit(es)
fit( ) & loss(es)
l ( ) arising
i i due
d tto th
the ttrader.
d Th
The commodities
diti and
d
derivatives discussed and opinions expressed in this report may not be suitable for all investors falling under different categories
and jurisdictions. All futures trading entail significant risk, which should be fully understood prior to trading.

Strictly for private circulation www.sharetipsexpert.com Page No. 4