DAILY COMMODITY OUTLOOK

09th Dec 2011

Market Review & Outlook

Precious Metals
The precious metals traded yesterdays session on very volatile note. Gold rallied to its resistance levels and registered an intraday high of `29433 levels, but sold off from those levels to an intraday of `28948 levels. Silver prices registered a low of `55951 levels and closed the session with a cut of 1.50%. A close below `55900 levels will open up near term downside targets of `54850 to `54000 levels in silver.

Base Metals & Energy

Base metals opened the session on a flat note but started correcting as the US & European markets corrected in the evening session. All the base metals except nickel traded in the negative territory. As we had pointed out in our past few notes Crude oil lost its upward momentum and closed the session with a cut of close to 1.5%. Crude is now at the lower end of its broad trading range of `5150`5275 levels and a close below the `5150 levels will see crude trading with a negative bias for the upcoming few sessions. Natural gas pulled back from lower levels and closed the session with a gain of 2%.

DAILY COMMODITY OUTLOOK

09th Dec 2011

Strategy/Recommendations
MCX Crude oil Dec `5155.00
Traders can short between `5150--`5200 levels with a stoploss placed above `5244 levels for downside targets of `5080 / `5040 levels.

MCX Zinc Dec `103.55

Traders can sell 50% now & 50% on rise between `104.30--`104.60 levels with a stoploss placed above `105.15 levels for downside targets of `102.40 / `101.80 levels.

DAILY COMMODITY OUTLOOK

09th 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 28,674 UP 1675 Sideways 54,791 Sideways 30.34 Base Metals Sideways 3.4006 Sideways 399.9 Down 101.9 UP 107.9 Sideways 106.4 UP 929.6 Energy Sideways 5,062 Sideways 95.21 UP 174.5

28,885 29,096 29,370 29,644 1694 1713.25 1746 1780 55,514 56,237 57,397 58,557 31.05 31.75 32.87 33.98 3.4471 403.05 102.72 108.45 107.13 939.97 5,108 96.70 178.43 3.4935 3.5719 3.6502 406.25 410.8 415.4 103.55 105 106.4 109 109.9 110.8 107.9 108.5 109.2 950.3 957.5 964.6 5,155 5,220 5,286 98.18 100.69 103.19 182.4 185.3 188.3

DAILY COMMODITY OUTLOOK

09th Dec 2011

Agricultural Commodities
Strategy/Recommendations
NCDEX Pepper Dec `35485.00
Traders can go short on a break below `35100 with a stoploss placed above `35640 levels for downside targets of `34475 / `34250 levels.

NCDEX Chana Dec `3136.00

Traders can go short on a break below `3114 with a stoploss placed above `3169 levels for downside targets of `3050 / `2998 levels.

DAILY COMMODITY OUTLOOK

09th 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 13300 UP 35175 UP 4475 DOWN 6519 3775 Oilseed Complex Sideways 2254 UP 3171 UP 643 Sideways 172 Sideways 3995 Others UP 5418 UP 17484 UP 3051 UP 2917 UP 998 UP 706 Sideways 1167 DOWN DOWN DOWN Sideways Sideways 995 549 1286 1160 1103

13474 13649.00 35330 35485.00 4533 4590.00 6743 6968.00 3866 3957.00 2265 3190 646 344 4041 2276.00 3208.00 648.20 515.65 4087.50

13760 35615 4663 7105 4082 2284 3228 652 344 4132 5703 18387 3200 2970 1996 713 1195 1006 564 1309 1170 1116

13872 35745 4735 7243 4207 2292 3247 655 172 4177 5794 18704 3265 2985 998 716 1207 1008 569 1320 1174 1120

5515 5611.00 17777 18071.00 3093 3136.00 2936 2956.00 1996 2994.00 708 710.70 1175 1184.00 999 554 1292 1163 1107 1003.50 559.10 1298.30 1166.00 1111.50

Apr Dec
Dec Dec

DAILY COMMODITY OUTLOOK

09th Dec 2011

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