Daily MCX Newsletter

DAILY MCX NEWSLETTER 18-SEP.
-2013
www.TheEquicom.com +919200009266
BULLION
Gold prices in the global market, edged lower and continued its bearish rally which started last week and was seen trading near five week low as traders were seen awaiting to know whether US Central Bank start tapering its monetary stimulus later this year. Gold futures on India's Multi Commodity Exchange (MCX) was seen trading slightly positive and may record a decline during intraday trade tracking a bearish trend in the global market. The Federal Open Market Committee (FOMC) is scheduled to start a two day meet on Tuesday and is expected that the US Central Bank start curbing its $85 billion monthly bond purchasing program. Equities and bonds recorded an up-tick on Monday and theUS dollar witnessed a fall.
BASE METAL
MCX copper, nickel and lead futures continued their downward movement on Tuesday and was seen trading bearish amid weak international cues and appreciation of Indian Rupee (INR) against US Dollar (USD). The trend in copper futures for November delivery on India's Multi Commodity Exchange (MCX) looks bearish for the day and intra-day traders are advised to stay on sell side. MCX lead for September delivery looks bearish and is expected to continue with the trend.
ENERGY
The majority of commodity index returns have suffered losses over the past week and since the end of last year. However, index gains during the third quarter-to-date have been most notable in the energy and precious metals sectors. Most commodities are trading below the mean of the two year range, with the exception of the energy sector, palladium and soybeans. WTI is above the 95th percentile of the range and the best performer among the commodities under investigation. Only corn is below the 5th percentile, although gold, aluminium and copper are near that level, according to Deutsche Bank weekly report.
BULLION
GOLD (5 OCT.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 29930, 30270 : - 29400, 29000 : - SELL ON HIGHS
SILVER (5 DEC.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 49900, 50420 : - 48860, 48000 : - SELL ON HIGHS
ENERGY
CRUDEOIL (21 OCT.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6710, 6770 : - 6600, 6550 : - SELL ON HIGHS
NATURAL GAS (25 SEP.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 240.50, 244.00 : - 232.50, 228.00 : - BUY ON DIPS
BASE METAL
COPPER (29 NOV.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - BERAISH : -460.00, 465.00 : - 455.00, 451.00 : - SELL ON HIGHS
LEAD (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - BERAISH : - 129.10, 130.00 : - 127.90, 127.00 : - SELL ON HIGHS
ZINC (30 SEP.)

OUTLOOK:
ALUMINUM (30 SEP.)

OUTLOOK:
NICKEL (30 SEP.)

OUTLOOK:
GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM
1297.35 21.435 03.221 105.64 03.745 696.70 1416.05
USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD
63.3000 01.3348 94.3000 00.9267 01.5894 01.0302
Disclaimer
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DAILY MCX NEWSLETTER 18-SEP.

CRUDEOIL (21 OCT.)

NATURAL GAS (25 SEP.)

LEAD (30 SEP.)

ZINC (30 SEP.)

ALUMINUM (30 SEP.)

NICKEL (30 SEP.)

GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1297.35 21.435 03.221 105.64 03.745 696.70 1416.05

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

63.3000 01.3348 94.3000 00.9267 01.5894 01.0302

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