No Trade is Recommended

Dhangadhi(FWFUTURES.COM) Since there is international holiday and most of the markets are on sideways in trend, we strongly recommend no trade for 30^th May 2011.

    

Holiday Schedule

In Observant with International Market Holiday, MEX products will function as follows

Monday, 30th May 2011

MEX Cocoa, Coffee, Corn, Cotton, Soybean, Soybean Oil, Sugar and Wheat: Closed for the day

MEX Brent Crude, Copper, Mini-Copper, Crude Oil, Mini-Crude Oil, Gold, Mini-Gold, Small Gold, Hearing Oil, Natural Gas, Platinum, Palladium, Silver and Mini-Silver: Early Close at 22:45 Hrs

U.S. jobless claims climb 10,000

WASHINGTON (MarketWatch) - The number of people who filed applications for unemployment benefits rose by 10,000 to 424,000 in the week ended May 21, the Labor Department reported Thursday. The prior week's total was revised up to 414,000 from an originally reported 409,000. Economists surveyed by MarketWatch had expected claims to decline to a seasonally adjusted 405,000. The average of new claims over the past four weeks, meanwhile, fell by 1,750 to 438,500. The four-week average is considered a more accurate gauge of employment trends because it reduces week-to-week volatility in the data. The number of people who continued to receive unemployment checks declined by 46,000 to a seasonally adjusted 3.69 million in the week of May 14. The total number of people receiving some kind of state or federal benefit, which is reported with a two-week lag, dropped 196,976 to 7.74 million in week of May 7, the lowest level in more than two years.

Buy Silver July # Positional

(Dhangadhi, fwfutures.com) Silver has confirmed its upwards move. Long buy is suggested at $37.0-36.60 SL Below: $ 34 Target $ 40-$45

Buy Gold (Intraday)

(Dhangadhi fwfutures.com)Gold Spot# Intraday is giving buy signal on Hourly Chart. Entry $1510-1508 SL below $ 1500 Target: $ 1521-$ 1533

Market may slow down

(Dhangadhi, fwfutures.com) Market is selling off now with fears that German Economy may slow. For the right trade, please wait till American Session.

Buy Gold # Intraday

(Dhangadhi fwfutures.com) Gold Aug 11 is giving intraday buy signal Entry: $ 1497-1493 SL below $ 1487 Target $ 1506- $ 1513

Buy Copper

(Dhangadhi fwfutures.com ) Copper Daily chart is giving fresh Buy signal. Entry Price $403-401 SL Below $ 383

No Trade! Recommendation

Dear Trader!
Most of major commodities are on sideways trend from last week. So we don't recommend any trade on these.

SN	Commodity	Trend	Recommendation
1	Crude Oil	Side Ways	No Trade
2	Gold	Side Ways	No Trade
3	Silver	Side Ways	No Trade
4	Copper	Side Ways	No Trade

Revised Margin

All traders are notified that Initial Margin of Cotton, Palladium, Platinum, Soybean, and Wheat have been revised

Product	Revised Margin
Cotton	NRP 100,000
Palladium	NRP 40,000
Platinum	NRP 85,000
Soybean	NRP 30,000
Wheat	NRP 30,000

New Product! Brent Crude

It is our pleasure to inform you that Mex is going to launch a new product Brent Crude which will be available in the MEX platform from Monday 16^th May, 2011.

Name	Brent Crude
Symbol	BRC
Contract Size	250
Unit	Barrels
Price Quoted	NPR/BRL
Initial Margin	NRP 70,000
Min Tick	0.75
Tick Value	NPR 187.50
Trading Hours	05:45-02:45
Contract Month	All Months

Risky Trader May Buy Silver

(Dhangadhi, FWFutures.com) Risky trader may buy silver at cmp $ 33.50 SL below $ 33

Chinese data raise concerns of slowdown

HONG KONG (MarketWatch) — Chinese economic data released Wednesday showed consumer inflation moderated slightly in April, though remaining at elevated levels, while industrial output declined at a sharper-than-expected pace, amounting to a mixed picture and spurring concerns of a deepening slowdown.

China's consumer price index climbed 5.3% in April from a year earlier, while wholesale inflation climbed 6.8%. The results compared to analysts' expectations for rises of 5.2% for CPI and 7.3% for producer prices, according to a poll by Dow Jones Newswires.

The CPI reading also marked a modest drop after touching a 32-month high of 5.4% in March.

In other data released Wednesday, industrial output rose 13.4% year-on-year, compared to an expected 14.5% rise, and slowing from a 14.8% increase in March.

Analysts said the data pointed to heightened worries over the pace of economic activity in China, though the emerging picture was more for a moderation than a hard landing.

Slowdown

"Both the output and price data suggest that the Chinese economy is cooling off in April," Global Insight analysts said in a note on Wednesday, adding the factory activity was now suffering the sharpest pullback since the middle of last year.

Those concerns were also voiced by other analysts, with TD Securities saying China may be forced to raise interest rates further despite slower economic growth.

"Slowing activity that is not accompanied by easing inflation raises the prospect that Chinese monetary policy will continue to tighten," said TD Securities senior strategist Roland Randall in Singapore.

Officials could soon switch from worries over inflation back to concerns of stalling growth, a shift in focus that could be "gaining traction in policy-setting circles," Randall said.

Other data

Among other numbers released Wednesday, China's urban fixed-asset investment expanded 25.4% in the January-through-April period, outpacing expectations for a 24.9% rise.

On the credit front, Chinese banks issued 739.6 billion yuan ($113.9 billion) in new loans April, surpassing the 725 billion yuan pegged by analysts.

Broad money-supply growth, as measured by M2, expanded 15.3% for the month, short of the 16.5% expansion expected by economists.

Japan's massive earthquake and tsunami in March were cited as potential factors for the industrial deceleration by Bank of America Merrill Lynch.

Electrical-power shortages that forced Chinese factories to cut production were also a likely reason, Merrill said, adding they didn't see any game-changers in Wednesday's data.

"Our general view is that inflation is elevated, but the risk of being out of control is small, while the risk of a hard landing or big growth slowdown is quite low," said Merrill's Hong Kong-based analysts Ting Lu and T.J. Bond in a note.

However they acknowledged that their view of Chinese growth was at odds with the new perception taking hold in the market.

Hong Kong and Shanghai stock indexes, which sold off in the immediate aftermath of the data release, turned higher in early afternoon trade. The Hang Seng Index HK:HANGSENG -0.08% was up 0.3% after trading down 0.1%, while the Shanghai Composite CN:SHCOMP -0.25% edged up 0.1% after it also suffered a loss earlier.

No more whispers?

Wednesday's data also managed to retain a sense of surprise, after data leaks in March saw "whispered numbers" leaking the official figures well before the releases by the central bank and the statistics bureau.

"This time around, the most widely spread 'whispered numbers' proved to be just fake," said Merrill analysts.

The China Securities Journal said in a report that the April CPI would be above 5% without giving a precise range, though several reports cited whispered numbers in Chinese media of 5.1% and 5.2%.

Unlike last month's data which was widely reported days in advance, the April CPI figure was eventually leaked, but it only came out Tuesday night, according to Merrill Lynch analysts, who said they saw the number published on a microblog operated by a domestic mainland Chinese brokerage.

Sell Copper July 2011

(Dhangadhi, FWFutures.com) Copper July 2011 is giving sell signal (Intraday) on hourly chart.

Copper Sell Signal

(Dhangadhi, FWFutures.com): Copper July 11 is giving sell signal on Hourly Chart. Sell Limit $4.04 SL above $4.06 Target $3.98-$3.91

Oil gains, but analysts tip fall to $90 a barrel

SYDNEY (MarketWatch) — Oil futures recovered some lost ground in early electronic trading on Monday, but analysts said prices could drop as low as $90 a barrel later this month on concerns about global growth and an unwinding of speculative positions.

Benchmark light, sweet crude for June delivery CLM11 +1.54% gained $1.28, or 1.3%, to $98.44 a barrel on the New York Mercantile Exchange during Asian trading hours.

The gains followed sharp losses across commodity markets last week, with crude falling nearly 15%, to close the week at $97.18.

Despite a stronger-than-expected U.S. jobs report Friday helping to soothe concerns about the strength of the global recovery, some analysts anticipate a further softening in crude prices.

Analysts at MF Global said that with the exception of geopolitical concerns, crude fundamentals "are not necessarily that bullish," and forecast oil futures could drop as low as $90 a barrel this month.

The analysts said production out of Saudi Arabia has made up for the shortfall created by the Libyan civil war, while the Organization of the Petroleum Exporting Countries "is making noises about increasing quotas once they meet in June."

Demand destruction — where rising commodity prices undermine economic growth, and results in weaker demand for those commodities — is another factor putting pressure on energy prices, they said.

"We are seeing evidence of demand destruction, emanating from higher U.S. gasoline prices, coupled with the fact that the Japanese economy remains hobbled and has yet to reclaim its rightful fair share of the energy pie," the analysts wrote in a research note.

"There has been a record amount [of] length built up by non-commercial speculative money in crude, and we suspect that more of these long positions will be flushed out over the course of the month," the analysts said.

Analysts at Capital Economics also forecast crude will sink to $90 a barrel — but over a longer time frame, expecting oil to hit that level by the end of the year — with prices pressured by demand destruction out of the U.S. and monetary tightening in emerging markets.

"We expect oil to fall further as the global economy slows, the dollar continues to rebound, and the risk premium due to unrest in the Middle East eventually fades, taking prices back below $90 per barrel by year-end," the analysts wrote in a research note.

Sell Signal on Crude Oil

Crude Oil Jun 2011: is giving Sell signal on Hourly Chart.

Market Seems Uncertain

Dear Trader!

Hold your trading for today. If you have any trade exist from the market. After the news of Bin Laden, Market seems uncertain. It can go anywhere. So it is better not to trade for today.