Daily Commodity Market Wrap

[SureshBajaj]

MARKET WRAP : 07/03/2011:thumb:

U.S. crude prices jump to highest since September 2008 near 105$
Aluminum stocks climbed 7,250 tonne
Copper ends down as geopolitical tensions persist
copper in LME warehouses last rose 1,250 tonnes
Gold rose above $1,430 an ounce on Friday
silver surged 3 percent to 31-year highs
Natural Gas trading near lows

Gold rose above $1,430 an ounce on Friday, while silver surged 3 percent to 31-year highs, as soaring oil prices fueled by widening clashes in Libya prompted investors to pile into safe havens. U.S. oil hit its highest since September 2008 on Friday, as fighting in Libya intensified and threatened the country's oil sector. Copper backed away from a near three-week high to end down on Friday as rising oil prices and escalating violence in North Africa eclipsed initial euphoria from upbeat employment data in the United States.

 

[SureshBajaj]

MARKET WRAP : 09/03/2011:thumb:

Gold eases below $1,430/oz
Oil prices retreat as OPEC mulls production increase
Oil prices fell sharply on Tuesday
Copper steadied on Tuesday
LME copper stocks fall, zinc inventories rise

Gold eased below $1,430 an ounce on Tuesday, falling further away from the previous day's record high after crude oil prices slid, thereby alleviating some of the concern about a potential oil shock to the global economy. Gold has risen 8.5 percent in the last six weeks, as clashes in Libya and turbulence across the Arab world have encouraged investors to seek a safe-haven in which to put their capital. Copper steadied on Tuesday as industrial users pushed back into the market attracted by the lowest levels in two weeks

 

[SureshBajaj]

MARKET WRAP : 10/03/2010:thumb:

Gold underpinned by raging violence in Libya
Copper loses ground on stronger oil price
LME stocks of copper fall
Zinc falls almost 5% on Wednesday
Base metals tumbles on Wednesday

Gold was little changed on Wednesday as investors booked profits, erasing earlier gains driven by intensifying political unrest across North Africa and the Middle East and renewed worries over euro zone debt. Copper fell on Wednesday as strengthening crude oil prices kept investors worried that inflationary pressures could hit economic growth and demand. U.S. crude inventories rose much more than expected last week as imports rose.

 

[SureshBajaj]

MARKET WRAP : 14/03/2011:thumb:

Gold remained near the day's highs on Friday
Copper steadied by the close on Friday
Japan shuts copper smelters
Oil prices fell on Friday after a massive earthquake

Gold remained near the day's highs on Friday after the dollar weakened against the euro and as investors sought the precious metal's safety after Japan's earthquake and with Middle East violence rising heading into the weekend. The massive quake pushed U.S. crude prices below $100 a barrel after a 10-meter tsunami shut down dozens of plants in the world's third-largest oil consumer. Copper steadied by the close on Friday, recovering from an earlier three-month low, as investors reassessed the likely fallout from Japan's massive earthquake.

 

[SureshBajaj]

MARKET WRAP : March 16,2011:clap:

Commodities tumble across the board
Gold slides as Japan crisis slams markets
Oil falls on Japan worry
Copper sinks to 3-month low
Silver recovers after sharp fall

Gold prices fell more than 2 percent on Tuesday, but were well off their lows, as rising fears over Japan's nuclear crisis hit global financial markets, prompting a flight to liquid assets like cash. Oil prices fell on Tuesday as Japan's nuclear crisis following last
week's earthquake sparked risk aversion, while unrest in Bahrain and Libya helped pull prices off lows. Copper fell to a three-month low on Tuesday, after a mounting emergency at a quake-stricken nuclear plant in Japan sparked a slide across financial
markets.

 

[SureshBajaj]

commodity Tips

Hello Friends !!!!!


This is my new thread on Traderji... in which i'll provide you Bullion Calls that would be based on my Technical Research .....

Hope you all would be benefited by the information & calls provided by me.....

 

[SureshBajaj]

Re: commodity Tips



sell gold apr below 20680

tg1-20657 tg2-20629 tg3-20595

stoploss-20717

 

[SureshBajaj]

MARKET WRAP : 17/03/2011

Gold rises as markets stabilize
Dollar fell to a four-month low against the yen
U.S. crude oil stockpiles rose more than forecast
Oil rise helped by renewed Middle East unrest
Copper rebounds but Japan tensions remain

Oil and metals rebounded on Wednesday as investors reaquired some comfort with risk, plowing back into commodity markets a day after a sharp selloff sparked by concerns over Japan's nuclear crisis. Gold rose on Wednesday as investors took advantage of the previous day's 2 percent price drop to buy the metal and as the extreme risk aversion that prompted a flight to liquidity on Tuesday eased.:thumb:

 

[SureshBajaj]

Re: commodity Tips

March 18,2011

CH CALL:-

BUY LEAD MAR ABOVE 120.85

TG1-121.35 TG2-121.9 TG3-122.5

STOPLOSS-120.1

 

[SureshBajaj]

Re: commodity Tips

lead 1st tg 121.35 almost achieved book partial profit

made a high of 121.3