Commodities Daily Technical Report
Tuesday | December 27, 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
Tuesday | December 27, 2011
Morning Technical Levels for Metals and Energy
Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Bullions
Gold MCX Feb Down 27,480 27,590 27,779 27,810 27,915
Spot Gold Down 1583 1594 1604.96 1613 1626
Silver MCX Mar Down 51,640 52,590 53,137 53,200 53,740
Spot Silver Down 28.02 28.64 29.05 29.19 29.50
Base Metals
LME Copper Sideways 7540 7595 7621 7675 7730
Copper MCX Feb Sideways 403.20 405.50 407.15 409.40 411.70
Zinc MCX Dec Down 97.25 97.70 98.20 98.90 99.65
Lead MCX Dec Sideways 104.65 105.30 105.95 106.40 106.85
Aluminium MCX Dec Sideways 104.80 105.30 105.75 106.25 106.75
Nickel MCX Dec Down 973 979 986.60 988 994
Energy
Crude MCX Jan Up 5,235 5,263 5,289 5,315 5,345
Crude NYMEX Feb Up 98.70 99.30 98.96 100.30 100.75
Natural Gas MCX Dec Down 162.50 164 164.80 166.40 167.80
Recommendations
Silver MCX March Contract Copper MCX February Contract
Intraday Strategy: Sell MCX Silver March between 53100-53200, SL- Intraday Strategy: Buy MCX Copper February between 404.50-
53450, Target -52600/52350 403.50, SL-402, Target -409/411.
Gold MCX February Contract
Intraday Strategy: Sell MCX Gold February between 27770-27800,
SL-27931, Target -27600/27500.
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