Daily Commodity Market Wrap

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SureshBajaj

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#51
#51
MARKET WRAP : March 18,2011:)

Copper rebounds to week-high
LME copper stocks rise
Japan still struggling to contain nuclear crisis
Gold supported by inflation worries
U.S. industrial output slips
Oil rises over 3 pct on Middle East unrest

Copper hit its highest in over a week on Thursday as buyers moved back into the metal after Japan's nuclear crisis drove it to three-month lows this week, with positive U.S. data giving an additional lift to prices. Gold rose on Thursday, sustained by an increase in exchange traded product (ETP) holdings, stronger physical demand and a weaker dollar. Oil prices rallied by more than 3 percent on Thursday as unrest in the Middle East and North Africa added more worries about supply disruptions.
 
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SureshBajaj

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#53
#53
MARKET WRAP : 25 March:)

Copper prices ended lower on Thursday
U.S. Feb durable goods orders, jobless claims fall
Gold retreats after record high
Silver has gained more than 40 percent since late January
Crude oil trading near 105$

Gold hit record highs on Thursday as the resignation of Portugal's prime minister ahead of a summit of EU leaders on the European economy this week revived jitters over the euro zone sovereign debt crisis. Copper prices turned lower on Thursday, falling from almost three-week highs after new orders for U.S. manufactured goods fell unexpectedly last month, hinting at slowing activity in the world's largest economy.
 
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SureshBajaj

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#54
#54
MARKET WRAP : 28,March:)

Commodities on the whole posted a small gain on Friday
Gold falls as dollar rises
Silver gained 0.2 percent to $37.21 an ounce
Oil up nearly 5 pct on week due to supply squeeze fears
Copper ended lower on Friday
Aluminium rises to 2-1/2-year high

Copper ended lower on Friday, extending a phase of consolidation from this week's two week highs, as investors continued to weigh the economic impact from Japan's nuclear catastrophe and a worsening debt crisis in Europe. Oil prices edged lower in light profittaking
on Friday, but ended higher on the week, as supply threats from the Middle East and Libya and the ongoing crisis in Japan sidelined many players. Gold reversed gains in high volume on Friday, hit by a dollar spike after several top U.S. Federal Reserve officials said the Fed is unlikely to extend its bond-buying stimulus program beyond a planned $600 billion.
 
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SureshBajaj

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#55
#55
MARKET WRAP : 29 March,2011:)

Gold keeps cutting loss as dollar retreats
Euro erased losses against the dollar
Oil felt pressure earlier by the stronger dollar
Copper prices stumbled on Monday
Copper stocks at highest since last July

Gold fell more than 1 percent on Monday, briefly dipping below $1,410 an ounce, as the dollar rose after hawkish comments from a Federal Reserve official last week and as impetus from unrest in the Middle East petered out. Oil retreated on Monday, with both U.S. and Brent crude futures slipping over a dollar, after Libyan rebels regained control of key oil towns and the dollar firmed on hawkish comments from a U.S. central banker.Copper prices stumbled on Monday as renewed worries about Japan's crisis, unrest in
the Middle East and rising stocks persuaded investors to retreat from assets perceived to be risky.
 
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SureshBajaj

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#57
#57
MARKET WRAP : 31 March ,20111:lol:

U.S. oil prices steadied above $104 a barrel
U.S. crude inventories rose 2.95 million barrels last week
Yen slipped across the board hitting fresh 10-month lows
Gold edged down on Wednesday
U.S. private employers added more than 200,000 jobs in March
Copper prices ended sharply lower on Wednesday

U.S. oil prices steadied above $104 a barrel on Wednesday as higher-than-expected U.S. crude stocks helped balance support from unrest in Libya and the Middle East. Gold edged down on Wednesday as investors booked profits from a rally in the previous session, and trading was likely to be muted ahead of the release of Friday's U.S. jobs report.
 
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SureshBajaj

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#58
#58
MARKET WRAP : 04/04/2011:)

Oil rises to 2-1/2 yr peak on job rise
U.S. March nonfarm payrolls stronger than forecast
U.S. jobless rate hit a two-year low of 8.8 percent
Gold slips on U.S. jobs data
Silver gained 0.2 percent to $37.69 an ounce.
Copper ended lower on Friday
LME copper stocks fell by 1,000 tonnes on Thursday

Gold slipped on Friday as an encouraging U.S. jobs report boosted the dollar, though euro zone debt worries and unrest in the Middle East lifted bullion off lows. Copper ended lower on Friday, building upon the 2.4-percent loss recorded in the first quarter,as a lull in Chinese buying and a rising trend in inventories continued to reflect near term demand weakness. Oil prices jumped on Friday, as supportive U.S. jobs data reinforced economic growth expectations and Libya's conflict and Middle East unrest kept supply threats in focus, pushing both Brent and U.S. crude to their highest settlements since 2008.
 
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SureshBajaj

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#59
#59
Re: Commodity Tips

SILVER CALL : 05/04/2011:thumb:


BUY SILVER MAY ABOVE 57140

TG1-47205 TG2-57300 TG3-57420

STOPLOSS-57019
 
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SureshBajaj

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#60
#60
Re: Commodity Tips

NICKEL CALL : APRIL 05,2011:clap:


SELL NICKEL APR BELOW 1146

TG1-1141 TG2-1136 TG3-1128

STOPLOSS-1156.3


NICKEL UPDATE :


NICKEL MADE A RECENT LOW OF 1142.5 AND OUR 1ST TG IS 1141 BOOK PARTIAL PROFIT NEAR TO IT
 
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