Commodities Daily Technical Report
Thursday | December 8, 2011
Content
Morning Technical Levels
Strategy/Recommendations
Pasam Samson – Sr. Technical Analyst
samsonp@angelbroking.com
(040) 30912222 Extn. 146
Angel Commodities Broking Pvt. Ltd.
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Commodities Daily Technical Report
Thursday | December 8, 2011
Morning Technical Levels for Metals and Energy
Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Bullions
Gold MCX Feb Up 29,070 29,174 29,247 29,350 29,455
Spot Gold Up 1726 1734 1741.35 1749 1757
Silver MCX Mar Sideways 56,540 56,870 57,190 57,530 57,870
Spot Silver Sideways 31.85 32.16 32.47 32.78 33.10
Base Metals
LME Copper Down 7628 7720 7812 7855 7960
Copper MCX Feb Down 401.95 404.95 408 408.80 411.80
Zinc MCX Dec Down 103.60 104.25 104.85 105.70 106.60
Lead MCX Dec Down 107.30 108.40 109.50 110.45 111.45
Aluminium MCX Dec Sideways 106 107 107.95 108.45 109.45
Nickel MCX Dec Sideways 916 926 934.80 942 951
Energy
Crude MCX Dec Down 5,094 5,151 5,227 5,224 5,280
Crude NYMEX Jan Down 98.45 99.55 100.62 100.85 101.85
Natural Gas MCX Dec Sideways 175.30 176.70 178.10 180.40 182.70
Recommendations
Crude MCX December Contract Lead MCX December Contract
Intraday Strategy: Sell MCX Crude December between 5220-5230 Intraday Strategy: Sell MCX Lead December between 109.40-109.70
SL-5275, Target -5151/5120 SL-110.45, Target -108.40/107.40
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