DAILY COMMODITY OUTLOOK

29th Dec 2011

Market Review & Outlook

Precious Metals
After going through many flat sessions of trade the precious metals witnessed a session of trade with immense volatility yesterday. Gold prices slipped to an intraday low of `27150 levels and closed the session with a cut of over 1%. On the other hand silver prices witnessed a fresh breakdown and closed the session with a cut of close to 4%. As a result of the sell off witnessed during yesterdays session both gold and silver will correct further over the upcoming few sessions of trade. The `27050--`27000 and `49800 levels are the next downside targets for gold and silver respectively.

Base Metals & Energy

The base metals gave up its early morning gains as the session progressed. Negative cues from the US markets saw all the base metals trade with cuts of close to or over 1%. The base metals like lead and zinc look extremely bearish on the back of yesterdays sell off. Crude oil rallied to an intraday high of `5430 levels but could not sustain the gains until the session closed. Crude closed the session with a cut of close to 1%. The trend in crude oil remains bullish till it continues to trades above the `5270 levels.

DAILY COMMODITY OUTLOOK

29th Dec 2011

Strategy/Recommendations
MCX Lead Dec `103.55
Traders can sell between `104--`104.70 levels with a stoploss placed above `106.05 levels for downside targets of `102.80 / `101.60 levels.

MCX Gold Feb `27281.00

Traders can sell on rise between `27330--`27360 levels with a stoploss placed above `27510 levels for downside targets of ` 27100/ `27000 levels.

DAILY COMMODITY OUTLOOK

29th 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 26,814 Down 1524 Down 48,716 Down 25.61 Base Metals Sideways 3.2885 Sideways 393.8 Down 94.4 Down 101.5 Sideways 104.3 Sideways 927.2 Energy UP 5,228 UP 97.63 Down 54.87

27,047 27,281 27,617 27,954 1541 1557.15 1584 1611 49,676 50,636 52,201 53,766 26.32 27.02 28.25 29.47 3.3236 396.65 95.25 102.53 104.80 940.83 5,277 98.68 109.73 3.3588 3.4201 3.4815 399.55 404.6 409.7 96.1 97.6 99.1 103.55 105.3 107.1 105.35 106.2 107.1 954.5 979.9 1005 5,325 5,402 5,478 99.74 101.23 102.73 164.6 109.7 54.87

DAILY COMMODITY OUTLOOK

29th Dec 2011

Agricultural Commodities
Strategy/Recommendations
MCX Mentha oil Dec `1308.10
Traders can take long positions between `1302--`1300 levels with a stoploss placed below `1291.40 levels for upside targets of `1320 / `1330 levels.

DAILY COMMODITY OUTLOOK

29th 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 15234 UP 32063 UP 4595 DOWN 6366 DOWN 3795 Oilseed Complex UP 2432 UP 3491 UP 714 Sideways 182 Sideways 3752 Others UP 6940 UP 22857 UP 3227 UP 2860 UP 798 Sideways 1214 UP DOWN Sideways UP Sideways 1060 559 1286 1185 1204

15499 15764.00 32347 32630.00 4649 4704.00 6450 6534.00 3842 3889.00 2457 3516 719 363 3852 2482.50 3542.00 724.05 544.75 3953.00

16060 33032 4779 6650 3933 2500 3558 728 363 4003 7355 24428 3307 2905 829 1251 1072 571 1315 1192 1227

16356 33433 4855 6766 3977 2518 3575 731 182 4054 7438 24743 3335 2924 836 1260 1077 574 1322 1193 1235

7106 7272.00 23485 24114.00 3253 3278.00 2873 2886.00 810 821.40 1228 1243.00 1063 563 1297 1188 1212 1066.50 567.60 1308.10 1190.00 1219.00

DAILY COMMODITY OUTLOOK

29th Dec 2011

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