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Weekly Newsletter Newsletter-Commodity Commodity 18/04/2011

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Weekly Newsletter Contents Market Wrap Technical Analysis Gold ( Comex) Silver ( Comex) Crude ( Nymex) Naturalgas ( Nymex) Copper (Comex) USD/INR

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MARKET WRAP Oil up on rosier US consumer sentiment U.S. consumer confidence up, NY manufacturing rose China's first quarter growth outpaces expectations Gold hits record, silver surges on inflation fear Copper extends losing streak on China inflation

Gold ended up nearly 1% making a fresh all time high of $1488.15 and ended the week at $1487.30 while Silver eclipsed and made an all time high of $42.89 to end the week at $42.87

due

to

rising

inflation

worries

and

fresh

euro

zone

debt

worries.

Precious metal surged on the back of safe haven as well. Holdings of iShare silver trust edged up to 10,974.26 tonnes & SPDR gold ETF holdings rose to 1231.16 tonnes.

Copper ended down more than 5% after making a double top shredding more than $25 to end at $425.35. Copper is in tight consolidation range of $450 - $420. Copper ended down on the back of mounting inflation worries as Chinese inflation came up at 5.4% while U.S core

inflation

too

rose

slightly.

3-month

LME

copper

too

ended

down

at

$9405 a tonne. Though, LME copper stock fell down by 375 tonnes to 450,425 tonnes. .

Crude Oil ended down after 4 weeks of uptrend shredding nearly 3% to end the week at $109.46 due to rising inflation worries & concerns of economic slowdown. Crude made a weekly low of $105.31 taking support of its 61.8% retracement. EIA crude oil inventories w/w came down at 1.6M vs. 2.0M. Natural gas ended up 4.7% at $4.194 while EIA natural gas storage w/w came down at 28B vs. expected at 34B.

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TECHNICAL VIEW GOLD WEEKLY PIVOT SCRIPT GOLD

R4 1604

R3 1561

R2 1517

R1 1502

P 1473

S1 1458

S2 1429

S3 1385

S4 1341

OUTLOOK Trend:- Bullish 1502,1540$ Resistance:- 1502,1540 Support:- 1445,14 1422$ Strategy:- Buy on dips GOLD WEEKLY

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SILVER WEEKLY PIVOT SCRIPT SILVER

R4 51.47

R3 48.26

R2 45.05

R1 43.97

P 41.84

S1 40.76

S2 38.63

S3 35.42

S4 32.21

OUTLOOK Trend:- Bullish Resistance:- 43.95,45.8 3.95,45.80$ Support:- 41.85,38.80 .85,38.80$ Strategy:- Buy on dips SILVER WEEKLY

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CRUDE WEEKLY PIVOT SCRIPT CRUDE

R4 133.7

R3 125.6

R2 117.5

R1 113.5

P 109.4

S1 105.3

S2 101.3

S3 93.2

S4 85.1

OUTLOOK Trend:- Bullish Resistance:- 113.3 .3,117.3$ Support:- 105.3,99.5 105.3,99.5$ Strategy:- Buy on dips CRUDE WEEKLY

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NATURALGAS WEEKLY PIVOT SCRIPT NG

R4 4.97

R3 4.69

R2 4.42

R1 4.31

P 4.14

S1 4.03

S2 3.87

S3 3.59

S4 3.32

OUTLOOK Trend:- Consolidate Resistance:- 4.350, 0,4.690$ Support:- 3.770,3.390 ,3.390$ Strategy:- Sell on high NATURALGAS WEEKLY

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COPPER WEEKLY PIVOT SCRIPT COPPER

R4 523.6

R3 493.7

R2 463.8

R1 444.6

P 433.9

S1 414.7

S2 404.0

S3 374.1

S4 344.2

OUTLOOK Trend:- Consolidate Resistance:- 442,46 461 Support:- 415,398 Strategy:- Sell on high COPPER WEEKLY

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USD/INR WEEKLY PIVOT SCRIPT INR

R4 46.32

R3 45.63

R2 44.94

R1 44.59

P 44.25

S1 43.90

S2 43.56

S3 42.87

S4 42.18

OUTLOOK Trend:- Consolidate Resistance:- 44.75 75,45.30 Support:- 43.80,43. ,43.20 Strategy:- Sell on high USD/INR WEEKLY

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