DAILY COMMODITY OUTLOOK

08th Dec 2011

Market Review & Outlook

Precious Metals
Both the precious metals traded the session in the green territory. Gold registered a high of `29279 levels. The `29450 to `28650 levels are the broad trading range for gold. Silver prices spent the entire session trading within its resistance zones placed between the `5700057500 levels. Failure to close above these resistance levels will see silver testing its recent swing lows of `55950 levels.

Base Metals & Energy

Although the base metals closed the session on a flat note, they witnessed volatility during the days trade. Most of the base metals opened the session with smart gains but slipped into the red during the second half of the days trade. Lead outperformed as it closed the session with a gain of close to 1%. Crude oil closed the session on a flat note, as it corrected from its intraday high of `5247 levels and registered a low of `5165 levels. The `5274--`5150 levels still remains the broad trading range for crude. Natural gas closed the session with a cut of 1%.

DAILY COMMODITY OUTLOOK

08th Dec 2011

Strategy/Recommendations
MCX Gold Feb `29247.00
Traders can go long between `29250--`29175 levels with a stoploss placed below `29068 levels for upside targets of `29375 / `29450 levels.

DAILY COMMODITY OUTLOOK

08th Dec 2011

Morning Technical Levels for Metals and Energy Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Gold Spot Gold Silver Spot Silver LME Copper Copper Zinc Lead Aluminium Nickel Crude oil Crude Natural Gas

MCX MCX

FEB MAR

MCX MCX MCX MCX MCX MCX NYMEX MCX

FEB DEC DEC DEC DEC Dec Dec

Bullions UP 28,894 UP 1716 Sideways 56,548 Sideways 31.98 Base Metals UP 3.4719 UP 401.9 UP 103.6 UP 107.3 Sideways 106 UP 916.9 Energy Sideways 5,131 Sideways 98.40 UP 175.3

29,070 29,247 29,351 29,456 1730 1744.15 1753 1761 56,869 57,190 57,530 57,870 32.28 32.58 32.86 33.14 3.5132 404.97 104.23 108.42 106.98 925.87 5,179 99.37 176.70 3.5545 3.6049 3.6553 408 411.9 415.7 104.85 105.7 106.6 109.5 110.5 111.4 107.95 109.4 110.9 934.8 950.4 965.9 5,227 5,261 5,295 100.35 101.63 102.92 178.1 180.4 182.7

DAILY COMMODITY OUTLOOK

08th Dec 2011

Agricultural Commodities
Strategy/Recommendations
NCDEX Kapas Apr `713.60
Traders who are already long in Kapas as per our earlier recommendation can look to take part profits and hold on for a target of `722.50 / `726 levels. Fresh long positions can also be taken between `715--`712 levels with a stoploss placed below `706.40 levels for the above mentioned targets.

NCDEX Pepper Dec `35425.00

Traders can go short on a break below `35100 with a stoploss placed above `35640 levels for downside targets of `34475 / `34250 levels.

DAILY COMMODITY OUTLOOK

08th Dec 2011

Morning Technical Levels for Agri - Commodities

Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Jeera Pepper Turmeric Chilli Coriander Soybean Mustard Seed Ref Soya Oil CPO Castor Seed Guar Seed Guar Gum Chana Sugar Sugar Kapas Cotton Oilseed Cake Gur Potato Menthaoil Wheat Maize

NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX MCX NCDEX NCDEX

Dec Dec Dec Dec Dec

Dec Dec Dec Dec Dec

Dec Dec Dec Dec Dec

Apr Jan
Dec

Spice Complex UP 13110 UP 35082 UP 4373 DOWN 6661 3908 Oilseed Complex Sideways 2245 UP 3184 UP 641 Sideways 172 Sideways 3964 Others UP 5338 UP 17404 UP 3068 UP 2940 UP 1001 UP 704 Sideways 1168 DOWN DOWN DOWN Sideways Sideways 994 540 1286 1164 1102

13269 13428.00 35253 35425.00 4465 4556.00 6705 6748.00 3978 4047.00 2256 3200 645 344 4007 2267.00 3215.00 649.20 516.45 4049.00

13529 35693 4619 6789 4082 2274 3231 652 344 4085 5632 18179 3199 2974 2001 717 1207 1006 554 1312 1171 1115

13630 35962 4681 6829 4116 2281 3246 654 172 4121 5748 18484 3232 2986 1001 720 1218 1009 558 1320 1174 1120

5427 5515.00 17639 17873.00 3117 3165.00 2951 2963.00 2001 3002.00 709 713.60 1182 1197.00 998 544 1295 1166 1106 1003.00 548.90 1304.90 1168.00 1110.50

Apr Dec
Dec Dec

DAILY COMMODITY OUTLOOK

08th Dec 2011

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