DAILY COMMODITY OUTLOOK

22nd Dec 2011

Market Review & Outlook

Precious Metals
The precious metals opened the session on a positive note but couldnt sustain the gains until the session drew to a close. Selling pressure at higher levels saw both gold and silver prices slipping into the negative territory. A close below the `27650 levels will see gold price head towards the `27000 -`27250 levels. A break below the recent swing low of `52500 levels cannot be ruled out in silver.

Base Metals & Energy

The base metals traded on an extremely flat and lack luster note during yesterdays session. Most of the base metals closed on a flat to positive note. Although the base metals are trying to pullback from their respective swing lows on an intraday basis, they are still not able to sustain the gains until the close of the trading session. This clearly indicates supply pressure at higher levels creeping into most of the base metals. Crude oil opened the session with smart gains and added to those gains as the session progressed. It closed the session with a smart gain of close to 1%. The `5250--5275 levels are a hurdle for crude oil on the upside. A break above these will open up upside targets of `53505390 levels in crude oil.

DAILY COMMODITY OUTLOOK

22nd Dec 2011

Strategy/Recommendations
MCX ZINC Dec `98.10
Traders can look to sell below 97.75 levels with a stoploss placed above `99.60 levels for targets of `95.50 / ` 94.25 levels.

DAILY COMMODITY OUTLOOK

22nd 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 JAN Dec

Bullions Down 27,510 Down 1587 Down 52,176 Down 28.47 Base Metals Sideways 3.2769 Sideways 390.4 Down 96.9 Down 101.9 Sideways 102.5 UP 972.4 Energy Sideways 5,077 Sideways 95.93 Down 162.2

27,659 27,809 28,032 28,256 1601 1614.55 1636 1658 52,662 53,148 53,909 54,670 28.89 29.30 29.96 30.61 3.3294 394.25 97.50 102.62 103.57 985.60 5,145 97.48 165.33 3.3820 3.4541 3.5263 398.1 401.7 405.2 98.1 99.05 100 103.3 104.1 104.8 104.65 105.9 107.1 998.8 1008 1017 5,214 99.02 168.5 5,262 5,311 99.90 100.77 170.3 172.2

DAILY COMMODITY OUTLOOK

22nd Dec 2011

Agricultural Commodities
Strategy/Recommendations
NCDEX Jeera Jan `14437.00
Traders can go short between `14500--`14600 levels with a stoploss placed above `14801 levels for downside targets of `14300 / `14175 levels.

DAILY COMMODITY OUTLOOK

22nd 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 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 MCX NCDEX NCDEX

JAN JAN MAY FEB JAN

JAN JAN JAN DEC JAN

JAN JAN JAN JAN

Apr Jan Jan Apr Dec Jan Jan

Spice Complex UP 13923 UP 35062 UP 4331 DOWN 6244 DOWN 3795 Oilseed Complex UP 2380 UP 3346 UP 674 Sideways 172 Sideways 3869 Others UP 6426 UP 21068 UP 3191 UP 2853 UP 745 Sideways 1175 UP DOWN DOWN Sideways Sideways 1069 564 1286 1171 1161

14180 14437.00 35303 35545.00 4425 4518.00 6322 6400.00 3862 3929.00 2397 3394 677 345 3902 2414.00 3442.00 680.40 517.25 3935.00

14772 35768 4581 6466 4045 2438 3488 684 345 3972 6981 22625 3380 2892 771 1202 1086 576 1303 1195 1184

15107 35992 4643 6532 4161 2462 3534 687 172 4008 7198 23226 3453 2909 781 1211 1091 580 1308 1205 1195

6595 6765.00 21546 22023.00 3249 3307.00 2864 2874.00 753 759.80 1184 1192.00 1075 568 1292 1178 1167 1081.50 572.00 1297.60 1184.00 1173.50

DAILY COMMODITY OUTLOOK

22nd Dec 2011

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