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24 AUGUST 2012

Daily Commodity Report

TECHNICAL UPDATE
MCX GOLD OCTOBER ( `30763)

The above 4 hourly chart of Gold suggest that prices have reversed after taking resistance at 30820 levels. RSI is losing its strength. We expect prices to correct up to levels of 30640. Trading Call: Sell around 30780 levels with a stop loss placed above 30840 levels for targets of 30640 levels.

MCX SILVER SEPTEMBER ( `56510)

The above 4 hourly chart of Silver suggest that prices have reversed after taking resistance at 57180 levels. RSI is in a sell mode. We expect prices to correct up to levels of 56000. Trading Call: Sell around 56600 levels with a stop loss placed above 57000 levels for targets of 56000 levels.

Geojit Comtrade Ltd.

24 AUGUST 2012 TECHNICAL UPDATE

MCX CRUDE OIL SEPTEMBER ( `5295)

The above 4 hourly chart of Crude Oil suggest that prices have reversed after taking resistance at 5420 levels. RSI is in a sell mode. We expect prices to correct up to levels of 5210. Trading Call: Sell around 5310 levels with a stop loss placed above 5370 levels for targets of 5210 levels.

MCX NATURAL GAS AUGUST ( `156)

The above 4 hourly chart of Natural Gas suggest that prices have reversed after taking support at 150 levels. MACD is in a buy mode. We expect prices to go up to levels of 159. Trading Call: Buy around 155 levels with a stop loss placed below 152 levels for targets of 159 levels.

Geojit Comtrade Ltd.

24 AUGUST 2012 TECHNICAL UPDATE

MCX COPPER AUGUST ( `422.60)

The above 4 hourly chart of Copper suggest that prices are taking support on the short term averages. MACD is in buy mode. We expect prices to go up to levels of 427. Trading Call: Buy around 422 levels with a stop loss placed below 419 levels for targets of 427 levels.

MCX NICKEL AUGUST ( `903)

The above 4 hourly chart of Nickel suggest that prices have breached the crucial resistance of 895 levels. MACD is in a buy mode. We expect prices to go up to levels of 917. Trading Call: Buy around 900 levels with a stop loss placed below 890 levels for targets of 917 levels.

Geojit Comtrade Ltd.

24 AUGUST 2012 TECHNICAL UPDATE

MCX LEAD AUGUST ( `107.15)

The above 4 hourly chart of Lead suggest that prices have breached the crucial resistance of 106 levels. RSI is in a buy mode. We expect prices to go up to levels of 108.50. Trading Call: Buy around 107 levels with a stop loss placed below 106 levels for targets of 108.50 levels.

MCX ZINC AUGUST ( `101.15)

The above 4 hourly chart of Zinc suggest that prices have breached the crucial resistance of 101 levels. RSI is in a buy mode. We expect prices to go up to levels of 102.50. Trading Call: Buy around 101 levels with a stop loss placed below 100 levels for targets of 102.50 levels.

Geojit Comtrade Ltd.

24 AUGUST 2012 TECHNICAL UPDATE

MCX ALUMINIUM AUGUST ( `103.35)

The above 4 hourly chart of Aluminium suggest that prices have breached the crucial resistance of 102.50 levels. RSI is in a buy mode. We expect prices to go up to levels of 105. Trading Call: Buy around 103 levels with a stop loss placed below 102 levels for targets of 105 levels.

Research Department - Institutional Desk

Nitin Nachnani nitin_n@geojitcomtrade.com Contact: 022-61312127

Geojit Comtrade Ltd.

805, Dev Plaza Opp. Irla Fire Brigade, S.V. Road, Andheri West, Mumbai - 400058.

Disclaimer:

The information contained here was gathered from sources deemed reliable; however, no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in commodity trading and commodity options and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. Geojit Comtrade Ltd. does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgements at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Geojit Comtrade Ltd.

Geojit Comtrade Ltd.