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    MCX Newsletter-Daily: 11-JULY-2013

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    1) Chinese gold imports increased in May and central banks from emerging markets bought gold in April and May, supporting gold prices despite recent weakness. 2) Copper prices remained volatile after a fall in China's producer price index, while traders await upcoming Chinese trade and economic data. 3) Soft commodity prices support the Federal Reserve Chairman's view that the Fed's monetary stimulus has not driven a large increase in commodity prices due to weaker demand from China, Europe, and other emerging markets.

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    MCX Newsletter-Daily: 11-JULY-2013

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    1) Chinese gold imports increased in May and central banks from emerging markets bought gold in April and May, supporting gold prices despite recent weakness. 2) Copper prices remained volatile after a fall in China's producer price index, while traders await upcoming Chinese trade and economic data. 3) Soft commodity prices support the Federal Reserve Chairman's view that the Fed's monetary stimulus has not driven a large increase in commodity prices due to weaker demand from China, Europe, and other emerging markets.

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    1) Chinese gold imports increased in May and central banks from emerging markets bought gold in April and May, supporting gold prices despite recent weakness. 2) Copper prices remained volatile after a fall in China's producer price index, while traders await upcoming Chinese trade and economic data. 3) Soft commodity prices support the Federal Reserve Chairman's view that the Fed's monetary stimulus has not driven a large increase in commodity prices due to weaker demand from China, Europe, and other emerging markets.

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    14 views9 pages

    MCX Newsletter-Daily: 11-JULY-2013

    Uploaded by

    api-230785654
    1) Chinese gold imports increased in May and central banks from emerging markets bought gold in April and May, supporting gold prices despite recent weakness. 2) Copper prices remained volatile after a fall in China's producer price index, while traders await upcoming Chinese trade and economic data. 3) Soft commodity prices support the Federal Reserve Chairman's view that the Fed's monetary stimulus has not driven a large increase in commodity prices due to weaker demand from China, Europe, and other emerging markets.

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    www.TheEquicom.

    com +919200009266

    MCX NEWSLETTER- DAILY


    11-JULY-2013

    Daily MCX Newsletter 11-JULY-2013

    www.TheEquicom.com +919200009266

    MARKET NEWS

    BULLION
    Its a demand from Dragon that seems to support gold in recent times of weakness. As per the reports Chinese demand for gold has jumped sharply during May-June period against previous months. In a report, ETF Securities noted that China's gold imports from Hong Kong increased 40% in May from a month earlier, as bargain hunters increased purchases. Also, the Central banks from emerging markets have bought 24 tonnes of gold in April and May. World Gold Council quarterly data, which will be produced in coming weeks, also include estimates of other official sector buying and should provide a fuller picture. However, the underlying trend of strong net central bank purchases of gold appears to be firmly intact.

    BASE METAL
    Copper in the global market remained volatile after yearly Chinese producer price index (PPI) continued its negative trend and recorded a fall of 2.7% in June. Meanwhile, Chinese consumer price index rose to 2.7% in June from 2.1% in May, year-on-year basis, according to the data released by the National Bureau of Statistics of China. Traders are awaiting yearly data on Chinese imports, exports and trade balance which are scheduled to be released on Today. Concerns that US Federal Reserve may roll back its monetary stimulus on recovering economic growth in the United States is putting pressure on the base metal to certain extent. At the same time, we expect Chinas copper imports to recover modestly, a function of reemerging financing imports and restocking.

    ENERGY
    The Chairman noted that the softness in commodity prices corroborate his stand. This time around, weve purchased, and are in the process of purchasing, a lot more than we did in so -called QE2. We havent really seen much increase in commodity prices. Commodity prices are way off their peaks of early last year. Oil is a little bit different from others in that its kind of hung up. But many other commodity prices have fallen further, and the reason I would give for that is that the emerging markets China, the rest of Asia , and some other parts of the world plus Europe , of course , are softer , and so global commodity demand is weaker. And that explains, I think, the bulk of why commodity prices have not risen so much, Bernanke said. He also lauded the efforts of Bank of Japan which is trying hard to tackle the deflationary ambience in Japan.

    www.TheEquicom.com +919200009266

    TECHNICAL VIEW

    BULLION

    GOLD (5 AUGUST)

    OUTLOOK:
    TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 26300, 26650 : - 25950, 25670 : - BUY ON DIPS

    SILVER (5 JULY)

    OUTLOOK:
    TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 40400, 40550 : - 39900, 39500 : - BUY ON DIPS

    www.TheEquicom.com +919200009266

    ENERGY

    CRUDEOIL (19 JULY)

    OUTLOOK:
    TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6450, 6500 : - 6350, 6280 : - BUY ON DIPS

    NATURAL GAS (26 JULY)

    OUTLOOK:
    TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 224.00, 227.50 : - 218.50, 216.20 : - SELL ON HIGHS

    www.TheEquicom.com +919200009266

    BASE METAL

    COPPER (30 AUG.)

    OUTLOOK:
    TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 416.50, 418.50 : - 406.10, 408.50 : - BUY ON DIPS

    LEAD (31 JULY)

    OUTLOOK:
    TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 125.30, 126.40 : - 122.70, 121.20 : - BUY ON DIPS

    www.TheEquicom.com +919200009266

    ZINC (31 JULY)

    OUTLOOK:
    TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 113.20, 114.20 : - 111.70, 110.80 : - BUY ON DIPS

    ALUMINUM (31 JULY)

    OUTLOOK:
    TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 108.30, 109.50 : - 106.90, 105.50 : - BUY ON DIPS

    NICKEL (31 JULY)

    OUTLOOK:
    TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 821.00, 828.00 : - 810.00, 790.00 : - BUY ON DIPS

    www.TheEquicom.com +919200009266

    INTERNATIONAL MARKET

    GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

    1283.30 19.8630 03.158 106.40 03.660 721.20 1395.50

    USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

    59.7825 01.3074 99.400 00.9502 01.5082 01.0416

    www.TheEquicom.com +919200009266

    ECONOMIC CALANDER

    www.TheEquicom.com +919200009266

    Disclaimer

    The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. TheEquicom recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. TheEquicom does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

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