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Following are the Hot picks for base metals for Sep 2010:

All the base metals are trading lower today tracking weak global cues and weakness in global equities. Going forward,prices will be under pressure due to growing concerns of slowing economic recovery in Euro Zone, weakness in equities and strengthening of dollar. However, falling inventories will limit downside. Prices will continue to track economic releases and movement in global currency and equity markets. As for today, focus will be on German Trade Balance and Industrial Production and US Beige Book.

Commenting on the base metals outlook, broking houseKotak Commodity Services (KSCL), said the following:

Copper

Bullion
Gold prices remained strong last week as well as safe haven demand for the metal continued to underpin the strength in the counter. Weaker than expected economic data gave rise to skepticism regarding the economic recovery in the US and has resulted in it reducing the demand for riskier assets.

Commenting on the outlook for bullions, base metals and energy segments, broking house SMC said the following:

Commenting on the base metals outlook, broking houseKotak Commodity Services (KSCL), said the following:

Copper

BASE METALS VIEW

COMMOTRENDZ BASE METALS VIEW 4 THE DAY >>>> COPPER LOOKS POSITVE COPPER MAKE OR BRAKE LVL. COPPER WEAK BLW 335 FIRE ABV 345 LVL. WILL WAIT FOR FURTHER CONFIRMATION. MID RANGE TRADING TO BE AOVIDED. ZINC RANGED TRADING SEEN BUT VIEW BUY IN DIP. ALL BASE METALS IN RANGE TRADING WAIT FOR CONFIRMATION.

Commenting on the base metals outlook, broking houseKotak Commodity Services (KSCL), said the following:

Copper

BASE METALS VIEW

COPPER NEED TO CROSS 337.20 LVL TO BE IN BULL ZONE ELSE WEAKNESS WILL PERSISIT. ANY CLOSE BLW 326 WILL BE BEARISH FURTHER UPTO 312 LVL IN COPPER 4 NOW. CAN SELL AGIAN AROUND 336 LVL WITH SL AS 337.40 TIGHT SL MUST ELSE REVERSE TRADE ABV THIS LVL FOR SAME LVL GAIN. AGAIN SELL AT 341 LVL WITH SL ABV 344, TODAY EVENING WILL GIVE FINAL VERDICT OF ITS DIRECTION. TOMORROW GDP WHICH ARE IN NEGATIVE ZONE. CAN SEE BASE METAL SECTOR NOSE DIVE FURTHER.  NICKEL SELLING IS GOOD AROUND 976-978 WITH SL ABV 989 LVL  FOR TGT OF 956-922 LVL. LEAD SELLING IS GOOD AROUND 94.80 LVL WITH SL ABV 96.20 FOR TGT OF 93.40-91.80  IN TWO DAYS TIME FRAME.  ZINC SELLIG GOOD AROUND 94.40-95.20 LVL WITH SL ABV 96.40 FOR TGT OF 93-91.40 FOR THE DAY. ALU GOOD 4 SELLING AROUDN 96.20-96.60 LVL WITH SL ABV 97.20 FOR TGT OF 95-93.60 IN TWO TRADING DAYS.

Commenting on the outlook of precious metals, base metalsand energy segment, Anand James, chief analyst, Geojit Comtrade, said the following:

Geojit views on precious metals, base metals, energy segment

Commenting on the outlook of precious metals, base metalsand energy segment, Anand James chief analyst, Geojit Comtrade, said the following:

Congo is one of the copper giants in the world and certain taxes levied by the government for copper exports have been worrying the exporters for quite sometime. But, things are changing fast now.

Commenting on the outlook of precious metals, base metalsand energy segment, Anand James chief analyst, Geojit Comtrade, said the following:

Courtesy: Commodity Tips

MCX crude oil futures traded bullish with significant gain during the evening session of trading on tuesday tracking the upside in the global market. NYMEX crude oil recovered from early moderate losses.

Metals futures extended gains on multi commodity exchange on positive global cues coupled with weak dollar against euro on tuesday. Metals futures settled lower in the previous session. In the overseas market base metals traded higher on weak dollar against euro.

BULLION
Precious metals gave away gains on the penultimate trading day of the week and fell towards multi-week lows as weaker than expected economic data from USA and China rocked the markets.

Bullion
Gold prices are well supported by the ongoing crisis in the European Union, with Euro falling continuously against the US dollar. Also weighing down the European currency was the unemployment rate that climbed to 10.1 percent, the highest since 19981.

BASE METALS LOOKING VERY WEEK DONT BUY SELL ON EVERY RISE

AMAN_MCXCALL@YAHOO.COM

BULLION
Gold and silver prices sustained losses throughout last week with the yellow metal falling towards fresh lows on the final trading day. The Euro had climbed against the US currency in the midst of losses in the stock markets, which fell following the brewing economic crisis in the European Union.

BULLION
Gold and silver prices remained near highs as debt concerns in the Euro zone continued to grip the market, supporting the yellow metal. According to the rescue plan for the debt laden Greece, the first installment of the emergency European Union loans will be received by the country today, a day before 8.5 billion Euros of bonds become due.

Don’t write off gold yet, dollar will fall and it has to fall as it is a bloated currency. Investors would have to turn their eyes on gold and eventually silver.
So base metals may be over, but not silver and gold. Even invest in base metal only on long term basis. Here in MCX long term is 15 days. Don’t wait for 30 days as it is meaningless
Nutshell
Buy lead and Zinc in long term point of view
Buy silver and gold on intraday basis. Put a stop loss of 135 ppoints for silver max, for silver mini keep 200 points as stop loss and do day trading.
One morething if zinc or lead crosses 90 put a sell and then you can re-enter by 96 so that you can catch the three digit wave. as we fear after 90 there may be a trend reversal again.

BULLION
Gold and silver prices, after ascending magnificently throughout the previous sessions, started the fresh week with it falling from 5-month highs following the news of a new bailout plan for the debt laden Greece. The leaders of the European Union decided on a 500 billion euro or 645 billion US dollars for paying off the ransom to recession.

BULLION
Gold and silver prices registered losses on the penultimate trading day of the week as investors turned the sentiment weak with long liquidations. The gains, however, were meager and concerns that the 1 trillion dollar rescue package extended to the debt laden Greece by the leaders of the Euro zone will not be enough to take the country ashore still persisted in the market.

BULLION
Gold prices denominated in US dollar finally hit a yet another all time high on Wednesday as safe haven demand continued to punt gold prices up. The investors remain unconvinced about the ability of Greece to pay back the debt even as the Euro zone leaders agreeing to help the debt laden country. The Leaders of the Euro zone also came up with a 1 trillion dollar bailout plan, which also seem to be of no avail.

Precious Metals
Rise in the yellow metal seem to be irrepressible as the metal has ended with significant gains for the third consecutive week in the midst of US dollar strength. The debt crisis in the Euro zone has definitely gotten worse with Standard and Poor downgrading the rating of Greece’s sovereign debt to junk status. The rating of Portuguese has also been cut from AA+ to AA, leading to fears of debt contagion in the Euro zone.

The International Monetary (IMF) has sold around 18.5 tonnes of gold in March this year without drawing much attention from any quarters.

Bullion
Prices of gold remained well supported on Wednesday as the market continued to be wary of the ongoing debt troubles in Greece, member of the European Union. Standard and poor lowered the credit rating of Spain on Wednesday and helped punt prices of the yellow metal as the safe haven image for gold sustained. S&P downgraded the debt of Spain to AA from AA+.

Bullion
Prices of gold witnessed strong buying pressure on Tuesday, taking the metal towards the highest level since the beginning of the year 2010 as investors ran towards the yellow metal for safety. Credit rating downgrades of Portugal and Greece lead to panic in the market as fears of debt defaults and contagion in the Euro Zone helped the yellow metal up yesterday. Standard and Poor credit rating agency declared Greek debt to junk status and downgraded Portugal’s rating, sparking selling in almost all asset classes.

BULLION Commodity
Precious metals prices ended Wednesday with gains following weakness in the US currency, which persuaded investors to go for gold. Positive economic data from US, the largest economy, also led to improved risk appetite among investors boosting the appeal of commodities prices as a whole.

“Base metals are expected to remain in range tracking mixed movement in LME and SHFE. Overall Chinese auto sales rose 56% in March from the year-ago period to a monthly record of 1.74 million units which can give support to base metals. Copper may trade in range of 347-351 in MCX. Lead can trade in range of Rs 102.50-103.50 today,“ said broking house SMC Research today.

SMC brokerage house opined, “Base metals are expected to trade choppy on mixed sentiment. Copper may trade in range of 350-360 while nickel may trade in range of 1,090-1,130.Codelco, the world’s largest copper producer, said its goal of increasing production `is not at risk` from a February earthquake that temporarily cut power supplies in central Chile. Chile was struck by a magnitude 8.8 quake on Feb. 27 and since then has been rocked by aftershocks.