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Weekly Newsletter Newsletter-Commodity Commodity 20/06/2011 Phone- (0731)4295950

Weekly Newsletter Contents Market Wrap Technical Analysis Gold ( Comex) Silver ( Comex) Crude ( Nymex) Naturalgas ( Nymex) Copper (Mcx) USD/INR Phone- (0731)4295950

MARKET WRAP Silver ends down but recover sharply on Friday Oil drops, biggest weekly slide since May Gold posts biggest one-day gain in 3 weeks Copper ends up despite dim economic prospects U.S. consumer sentiment worsened this month

Gold accelerated gains after mixed U.S data point to a wobbly economic recovery. U.S. consumer sentiment worsened more than forecast in June on continued economic pessimism, but a key measure of future U.S. economic activity rose more than expected in May to a record high. Gold added $8 to end the week at $1538.61. Silver ended flat and recovered more than 2% due to technical support to end the week at $385.82.

Copper ended on positive bias and ended the week up at $409.85 though weak global economic sentiments are mounting on base metals. A softer dollar against a basket of currencies lent support to base metals prices. Copper ended up as reports of increasing physical premiums, a decline in copper inventories on the LME was indicating a pickup in demand. Copper inventories fell by more than 5 % to 470,825 tonnes from last week

Crude oil ended down more than 5% posting its biggest weekly drop since May. Crude oil lost nearly $5 to end the week down at $93.31. Crude slumped to 4 month low $93 as a dimmer economic outlook and the European debt crisis. Crude now has a support of its long standing trendline drawn from Feb 2008 which is around $90, which if broken then can further see a sell-off. EIA crude inventories came at (–) 3.4m vs. (-) 0.9m w/w. Phone- (0731)4295950


R4 1625

R3 1593

R2 1562

R1 1551

P 1531

S1 1520

S2 1499

S3 1468

S4 1437

OUTLOOK Trend:- Consolidate Resistance:- 1548 48,1576$ Support:- 1515,14478$ Strategy:- Buy on dips GOLD WEEKLY Phone- (0731)4295950


R4 41.18

R3 39.29

R2 37.40

R1 36.62

P 35.51

S1 34.73

S2 33.62

S3 31.73

S4 29.84

OUTLOOK Trend:- Consolidate Resistance:- 37.85, 37.85,39.45$ Support:- 35.15,32 32.85$ Strategy:- Buy on dips SILVER WEEKLY Phone- (0731)4295950


R4 119.2

R3 111.1

R2 103.0

R1 98.0

P 94.9

S1 89.9

S2 86.8

S3 78.7

S4 70.7

OUTLOOK Trend:- Consolidate Resistance:- 95.2,98.7 95.2,98.7$ Support:- 91.5,87.2 91.5,87.2$ Strategy:- Sell on high CRUDE WEEKLY Phone- (0731)4295950


R4 5.95

R3 5.46

R2 4.97

R1 4.65

P 4.48

S1 4.16

S2 3.99

S3 3.50

S4 3.01

OUTLOOK Trend:- Consolidate Resistance:- 4.540, 4.540,4.950$ Support:- 4.110,3.720 3.720$ Strategy:- Sell on high NATURALGAS WEEKLY Phone- (0731)4295950


R4 448.2

R3 434.2

R2 420.1

R1 413.3

P 406.1

S1 399.2

S2 392.0

S3 378.0

S4 363.9

OUTLOOK Trend:- Consolidate Resistance:- 413,4 ,422 Support:- 398,387 98,387 Strategy:- Sell on high COPPER WEEKLY Phone- (0731)4295950


R4 45.94

R3 45.55

R2 45.16

R1 44.98

P 44.77

S1 44.59

S2 44.38

S3 43.99

S4 43.60

OUTLOOK Trend:- Consolidate Resistance:- 45.300,45.85 Support:- 44.15,443.40 Strategy:- Buy on dips USD/INR WEEKLY Phone- (0731)4295950

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