DAILY COMMODITY DOSSIER-MCX
16th Sept.’ 2011
FAIRWEALTH COMMODITY BROKING PVT . LTD.
DAILY COMMODITY DOSSIER‐MCX
Daily Commodity Dossier‐MCX 2011 PRECIOUS METALS Last Traded
Change
1,783.500
-2.50%
SILVER FUTURE (USD/ t oz.)
39.565
-2.39%
GOLD MCX
27470
-2.30%
SILVER MCX
63257
-0.05%
GOLD 100 OZ FUTR (USD/ t oz.)
Highlights • S&P’s Chambers says one‐in‐three chance of more U.S. downgrade. • Treasuries fall as ECB Coordination with Fed saps refuge demand. • Gold slumps on signs Europe cash infusion may ease sovereign debt crises. • Crude oil futures gain after ECB announces plan to lend dollars to banks.
•
ENERGY Last Traded
Change
Economic Calender
CRUDE OIL (USD/ lb.)
89.170
CRUDE OIL MCX
4252
0.14%
NATURAL GAS MCX
185.8
4.52%
•
0.29%
• •
BASE METALS Last Traded COPPER FUTURE ( USD/ lb.)
•
Change
395.950
1.58%
COPPER MCX
418.6
0.86%
NICKEL
1038.6
1.82%
ZINC
103.9
0%
LEAD
115
1.32%
111.95
0.22%
•
ALUMINIUM
• • • •
Dollar index
Freeport weighs strike impact at Indonesian Copper mine as Peru halted too.
Close
Open
High
Low
Change
76.26
76.88
77.05
76.07
‐0.80
Contact Us:
Fairwealth Commodity Broking Pvt. Ltd. Fairwealth Commodity Research [email protected]
U.S. Core CPI for the month remained unchanged at 0.2%. U.S. Unemployment Claims surged to 428K vs forecast of 410K. U.S. CPI m/m came at 0.4% from the previous of 0.5%. U.S. Current Account improved to ‐118B vs consensus of ‐122B. U.S. Empire State Manufacturing Index declined to ‐ 8.8 from the previous ‐7.7. U.S. Capacity Utilization Rate came at 77.4%; expectation 77.5%. U.S. Industrial Production m/m came at 0.2% vs consensus 0.1%. U.S. Philly Fed Manufacturing Index came at ‐ 17.5;forecast ‐14.7, previous ‐30.7. U.S. Natural Gas came at 87B vs forecast of 85B. Data to be released today: 16th Sept
Time
Currency
Data
Forecast
6:30pm
USD
TIC Long‐Term Purchases
27.3B
3.7B
7:25pm
USD
56.2
55.7
7:25pm
USD
Prelim UoM Consumer Sentiment Prelim UoM Inflation Expectations
Fairwealth CommoditY Broking Pvt. Ltd.
Previous
3.5%
Daily Commodity Dossier‐MCX 2011
PRECIOUS METALS G GOLD EXPIRY: 5TH October 2011 Contract
High
Low
Close
Change
Oct11
28118
27386
27470
648
S3
S2
S1
R1
R2
R3
26300
26600
26800
27600
27800
28000
Pivot
27200
OUTLOOK & RECOMMENDATION
The outlook on Gold is Bearish. We recommend sell around 27700 with a stop of 27950 for target 27200‐26800.
SILVER EXPIRY: 5th Dec’2011
Contract
High
Low
Close
Change
Sep11
64897
63031
63257
1518
Pivot
S3
S2
S1
R1
R2
R3
63000
60400
61600
62400
64000
64900
65700
OUTLOOK & RECOMMENDATION
The outlook on Silver is Bearish. We recommend sell around 64000 with a stop of 65000 for target 62800 – 62100.
Fairwealth CommoditY Broking Pvt. Ltd.
Daily Commodity Dossier‐MCX 2011
ENERGY th CRUDE OIL EXPIRY: 19 Oct’2011
Contract
High
Low
Close
Change
Oct11
4285
4212
4252
06
Pivot
S3
S2
S1
R1
R2
R3
4200
3980
4110
4150
4310
4365
4410
OUTLOOK & RECOMMENDATION
The outlook on Crude Oil is Bearish. We recommend one could sell around 4300 with a stop of 4350 for 4230 ‐4200.
TH NATURAL GAS EXPIRY: 27 Sep’2011
Contract
High
Low
Close
Change
Sep11
194.8
185.4
185.80
8.80
Pivot
S3
S2
S1
R1
R2
R3
183
174
178
181
187
191
195
OUTLOOK & RECOMMENDATION
The outlook on Natural Gas is Bearish. We recommend one could sell around 187 with a stop of 190 for target 183 – 181.
Fairwealth CommoditY Broking Pvt. Ltd.
Daily Commodity Dossier‐MCX 2011
BASE METALS TH COPPER EXPIRY: 30 Nov. 2011
Contract
High
Low
Close
Change
Nov11
420.35
414.70
418.6
+3.60
Pivot
S3
S2
S1
R1
R2
R3
415
407
410
413
421
425
429
OUTLOOK & RECOMMENDATION
The outlook on Copper is Bullish. We recommend buy around around 417 for target 421‐424 with a stop loss of 413.
ZINC EXPIRY: 30TH Sep.’2011
Contract
High
Low
Close
Change
Sep11
104.45
103.0
103.90
+0.40
Pivot
S3
S2
S1
R1
R2
R3
104
101
102
103
105.9
106.8
109
OUTLOOK & RECOMMENDATION
The outlook on Zinc is Bullish. We recommend buy around 104 with a stop of 103 for 105.5‐ 106.5.
Fairwealth CommoditY Broking Pvt. Ltd.
Daily Commodity Dossier‐MCX 2011 LEAD EXPIRY: 30TH Sep.’ 2011
Contract
High
Low
Close
Change
Sep11
115.35
113.25
115.0
+1.50
Pivot
S3
S2
S1
R1
R2
R3
114.7
111.80
113.0
114.0
116.4
117.7
120
OUTLOOK & RECOMMENDATION
We are Bullish. One could buy around 115 for target 117 – 118.5 with a stop of 113.5.
NICKEL EXPIRY: 30TH Sep.’ 2011
Contract
High
Low
Close
Change
Sep11
1039.8
1018.6
1038.6
+18.60
Pivot
S3
S2
S1
R1
R2
R3
1025
997
1005
1017
1047
1058
1075
OUTLOOK & RECOMMENDATION
The outlook on Nickel is Bullish. We recommend that one could buy around 1032 for 1050 – 1060 with a stop of 1015.
Fairwealth CommoditY Broking Pvt. Ltd.
Daily Commodity Dossier‐MCX 2011 ALUMINIUM EXPIRY: 30TH Sep’ 2011
Contract
High
Low
Close
Change
Sep11
112.45
111.4
111.95
+0.25
Pivot
S3
S2
S1
R1
R2
R3
111.1
107.8
109
110.4
113
114.8
116.5
OUTLOOK & RECOMMENDATION
The outlook on Aluminium is Bullish. We recommend that one could buy around 112 with a stop of 111 for 113.5 ‐114.5. Disclaimer: This publication has been solely prepared for the information purpose and does not constitute a solicitation to any person to buy or sell a security. While the information contained therein has been obtained from sources believed reliable investors are advised to satisfy themselves before making any investments. Fairwealth Commodity Broking Pvt. Ltd. does not bear any responsibility for authentication of the information contained in the reports and consequently is not liable for any decision taken based on the same. Further Fairwealth Research report only provides information updates and analysis. All opinions for buying and selling ae available to investors when they are registered clients of Fairwealth Investment advisory services. As a matter of practice, Fairwealth refrains from publishing any individual names with its reports. As per SEBI requirements it is stated that, Fairwealth Commodity Broking Pvt. Ltd, and/or individuals thereof may have positions in securities referred herein and may make purchases or sale while this report is in circulation.
Fairwealth CommoditY Broking Pvt. Ltd.
