Commodity Report Monday, 1 st January 2010 Swing Traders Newsletter Wellstar Intelligence Group This is demo newsletter. www.wellstar.in
Market Round Up <ul><li>Copper May Gain for Fifth Day on IMF Growth Forecast, Smaller Inventories </li></ul>Copper may rise for a fifth day in London on an increased forecast for world economic growth from the International Monetary Fund and on a further drop in inventories of metal. Copper also gained as stockpiles tracked by the London Metal Exchange contracted for a 15th day . <ul><li>Gold Fluctuates in London as Decline to Six-Week Low Spurs Investor Buying </li></ul>Gold fluctuated near $1,200 an ounce in London on speculation that the metal’s drop to the lowest level in more than six weeks is prompting some investors to increase holdings “ We are continuing to see very good physical demand” near the $1,200 level, <ul><li>Crude Rises to One-Week High as Supplies Drop, IMF Boosts Growth Forecast </li></ul>Crude oil climbed to the highest price in a week as the IMF bolstered its economic outlook and a decline in U.S. crude inventories added to signs of recovery .
Stock (Symbol):- Mcx Gold (Month-fut..) Entry price: - Long above Rs 17030 Stoploss price: - Close position below Rs 16780 Target price:- Rs 17380 ( 2% ) Max Entry price:- Don’t buy if open above Rs 17150 GOLD WELLSTAR
Stock (Symbol):- Silver (Month-fut.) Entry price: - Long above Rs 27900 Stoploss price: - Close position below Rs 27180 Target price:- TGT-Rs 28500 (2.25 %) 2 nd TGT-Rs 29200 (4.70 %) Max Entry price:- Don’t buy if open above Rs 28200 SILVER
1 st Day 2 nd Day 3 rd Day 4 th Day 5 th Day 6 th Day 7 th Day www.wellstar.in
Disclaimer:- This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. The views and opinions expressed in this document may or may not match or may be contrary with the views, estimates, rating, and target price of research group. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their commodities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. For more disclaimer visit www.wellstar.in Contact us
Phone No: - 080-5392-5256 For more detail visit www.wellstar.in or firstname.lastname@example.org For subscription related queries call: - 080-5392-5256 If you want to trail for this newsletter then download our toolbar from web home page & check newsletter link. Wellstar Intelligence Group WELLSTAR-WELLSATR-WELLSTAR-WELLSTAR