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com +919200009266




09
TH
TO 14
TH
JUNE2014




















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Gold held near four-month low as investors
awaited a European Central Bank monetary
policy decision and US economic data that may
support further reductions to the Federal
Reserve's asset purchases.

Gold traded little changed at US $1,243.35 an
ounce. Silver fell 0.3 per cent to US $18.76 an
ounce. Gold fell a second time in three months in
May as the euro weakened 1.7 per cent versus
the dollar on speculation that the ECB will add
stimulus when policymakers meet today.

Data tomorrow may show the US added 215,000
jobs in May, after a report yesterday found
service industries grew at the fastest pace in
nine months last month.

Gold steadied above $1,250 an ounce on Friday
ahead of a key US jobs report, having rallied
nearly 1 per cent in the previous session after
the European Central Bank unveiled measures to
boost the euro zone economy.




BULLION
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Oil prices rose in Asian trade Friday after the
European Central Bank (ECB) announced an
unprecedented cut in interest rates in a bid to spur
economic growth.

US benchmark, West Texas Intermediate ( WTI) for
delivery in July gained three cents to $102.51 a
barrel while Brent North Sea crude for July was up
eight cents at $108.87 in afternoon trade.

"Crude prices look solid and likely to stay above
their previous close as investors digest the ECB
announcement .
The ECB on Thursday slashed its deposit rate to -
0.10 per cent. This means banks will be charged for
leaving funds at the ECB in the hope they might lend
it on to businesses and consumers instead.

It also cut its lending rate to a record low of 0.15 per
cent from 0.25 per cent and said hundreds of billions
of euros would be made available in cheap loans to
banks as long as they lent more to the private
sector.




ENERGY
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Nickel prices recovered by Rs 3.20 to Rs 1,127 per
kg in futures trading today as speculators created
fresh positions, driven by a firm global trend.

At the Multi Commodity Exchange, nickel for
delivery in this month rose Rs 3.20, or 0.28 per
cent, to Rs 1,127 per kg in business turnover of 949
lots.

Similarly, the metal for delivery in July traded
higher by Rs 2.10, or 0.19 per cent, to Rs 1,131.60
per kg in 39 lots.

Globally, nickel in London rose 0.7 per cent to USD
19,170 a tonne.

Market analysts said speculators created fresh
positions in tandem with a firm global trend, mainly
led to the rise in metal prices at futures trade.

Besides, firm demand from alloy-makers at the
spot markets also supported the upside, they said.



BASEMETAL
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OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 26200, 26500
SUPPORT : - 25500, 25200
STRATEGY : - SELL ON HIGH

GOLD (5 AUG.)
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OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 40500, 41200
SUPPORT : - 39200, 386 00
STRATEGY : - SELL ON HIGH
SILVER (5 JULY.)
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OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 6160, 6250
SUPPORT : - 5950, 5850
STRATEGY : - SELL ON HIGH

CRUDEOIL (19 JUN)
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OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 410.00, 416.00
SUPPORT : - 390.00, 383.00
STRATEGY : - SELL ON HIGH

COPPER (30 JUN.)
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GOLD 1253.03
SILVER 19.002
COPPER 3.058
CRUDE OIL 102.74
NATURAL GAS 4.706
PALLADIUM 843.60
PLATINUM 1449.90
USDINR 59.2500
EURUSD 01.3642
USDJPY 102.480
USDCHF 00.8933
GBPUSD 01.6802
USDCAD 01.0926
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SCRIPT R3 R2 R1 P S1 S2 S3
GOLD 26300 26200 26000 25800 25700 25500 25400
SILVER 41500 41000 40500 40000 39500 39000 38500
CRUDEOIL 6300 6250 6150 6050 6000 5900 5850
COPPER 432 424.50 411.50 404 391 383.50 370.50
LEAD 131 129 126.50 124.50 122 120 118

ZINC 128 126.50 125 123.50 122 120.50 119
ALIMINUM 113 111.50 110.50 109 108 107 106
NICKEL 1214 1187 1149 1122 1084

1057 1019
NATURAL GAS 295 288 283 276 272 264 260



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