Daily Commodity Market Wrap

[SureshBajaj]

MARKET WRAP : 05, APRIL


Copper rose on Monday but pared early gains
Lead touches 3-year high
Inventories of copper at the LME fell 950 tonnes
Gold rose back above $1,430 an ounce on Monday
Oil prices climb on Mideast, North Africa unrest


Gold rose back above $1,430 an ounce on Monday as oil prices climbed and the dollar eased, and as traders anticipate a rate hike from the European Central Bank may lead to further weakness in the U.S. currency. Copper rose on Monday but pared early gains as investors shifted their focus from upbeat U.S. economic data to recent softness in demand from China, where the markets will be closed until Wednesday.

 

[SureshBajaj]

Re: Commodity Tips

April 05,2011


SELL NICKEL APR BELOW 1129

TG1-1124 TG2-1119 TG3-1111

STOPLOSS-1139.3

 

[SureshBajaj]

MARKET WRAP : 06/04/2011

Gold rises to record above $1,450 on inflation fears
Silver hits 31-year peaks
Copper rose on Tuesday on prospects for improved demand in Asia
Copper in LME warehouses at highest since July
Oil prices rose to 2-1/2 year highs
Lead hits new multi week high

Gold prices rose to an all-time highs above $1,450 an ounce on Tuesday, as new peaks in crude oil and grains fueled inflation fears and a downgrade of Portugal's credit rating fed safe-haven demand. Silver has outperformed gold in recent months, rising 22 percent in the first quarter compared with gold's 0.7 percent. Copper rose on Tuesday on prospects for improved demand in Asia, recovering from losses earlier in the day after China announced an interest rate hike. Oil prices rose to fresh 2-1/2 year highs on Tuesday, with Brent crude topping $122 a barrel as unrest in oil exporting countries in the Middle East and Africa outweighed China's fourth interest rate hike since October.

 

[SureshBajaj]

MARKET WRAP : 07/04/2011

Gold tops $1,460/oz ahead of euro zone rates meeting
Silver hits 31-year peaks
Copper rose to a one-week peak on Wednesday
Aluminium rises to highest since Sept 2008
Lead hits new multi week high

Gold hit a record high for a second straight session on Wednesday, powered by investor demand for safe-haven assets and a slide in the dollar in anticipation of a euro zone rate hike, while silver hit fresh 31-year peaks. Oil prices hit fresh peaks on Wednesday, rising to their highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar weakness ahead of an expected European Central Bank interest rate rise. Copper rose to its highest in about a week on Wednesday, as the euro scaled multi-month highs against the dollar and on prospects of better commodity imports data from top consumer China.

 

[SureshBajaj]

Re: Commodity Tips

bullion call:- 07/04/2011

buy aluminium apr above 118.4

tg1-118.9 tg2-119.4 tg3-120

stoploss-117.65

 

[SureshBajaj]

Re: Commodity Tips

LEAD CALL - 07 APRIL,2011:thumb:

BUY LEAD APR ABOVE 125.75

TG1-126.25 TG2-126.75 TG3-127.35

STOPLOSS-124.95



LEAD UPDATE:-

LEAD MADE A HIGH OF 126.15 AND OUR 1ST TG IS 126.25 BOOK PARTIAL PROFIT NEAR TO IT

 

[SureshBajaj]

Re: Commodity Tips

SILVER CALL : 07APRIL, 2011 :clap:

SELL SILVER MAY BELOW 57850

TG1-57785 TG2-57695 TG3-57570

STOPLOSS-57977

 

[SureshBajaj]

Re: Commodity Tips

LEAD CALL : 08 APRIL,2011:thumb:

BUY LEAD APR ABOVE 126.7

TG1-127.2 TG2-127.7 TG3-128.3 STOPLOSS-125.95

 

[SureshBajaj]

MARKET WRAP : 08/04/2011


Gold hits record high after Trichet comments
Silver consolidate near 31-year peaks
ECB raised rates by 25 basis points to 1.25 percent
Copper reached its highest price levels in about two weeks
Lead hits new multi week high

Gold held near $1,460 an ounce in Europe on Thursday, just below the previous session's record high, ahead of a hotly anticipated European Central Bank news conference on interest rates. Copper reached its highest in about two weeks on Thursday, supported by bullish comments from a copper industry conference in Santiago, while tin closed in on record highs. U.S. May crude futures rose 56 cents to $109.39 a barrel, after having hit $109.56, highest in 30 months, helped by U.S. government data showing weekly claims for unemployment benefits fell slightly, adding to signs of a firming labor market conditions.

 

[amardeep singh]

Re: commodity Tips

Anybody following suresh bajaj' commodity tips & what is earning monthly average profit.