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MCX Daily Report (17 April 2013)

MCX Commodity Daily Report!!! 17th April 2013, Wednesday

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MCX Daily Report (17 April 2013)

MCX BULLIONS TECHNICAL LEVELS

GOLD MCX DAILY CHART & LEVELS DAILY CHART – MCX GOLD

JUSTIFICATION

SUPPORT: Strong Support @24980- 25000 RESISTANCE: Immediate Resistance @26560

Comments: GOLD MCX looks very week. On each bounce back the commodity is facing selling Pressure and One Can Initiate Short position around 25700 with SL 26000 for Target 25000 Panic selling is still remaining stay caution and avoid any positional long

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MCX Daily Report (17 April 2013)

MCX BULLIONS TECHNICAL LEVELS

SILVER MCX DAILY CHART & LEVELS DAILY CHART – MCX SILVER

JUSTIFICATION

SUPPORT: Immediate Support @42700 and Next Strong Support @41400 RESISTANCE: Immediate Resistance @45900

Comments: Silver MCX has resistance around 45900 and immediate support @42700. One can initiate short position below 42700 for TGT 41400 with SL 43200. As below 42700 Panic selling may again emerge.

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MCX Daily Report (17 April 2013)

MCX ENERGY TECHNICAL LEVELS

CRUDEOIL MCX DAILY CHART & LEVELS DAILY CHARTS – MCX CRUDEOIL

JUSTIFICATION

SUPPORT: Immediate Support @4720 and Strong Support @4600 RESISTANCE: Immediate Resistance @4810 and 4930

Comments: Crude Oil MCX is has also broken all critical Support Levels and seem to be touching lower levels. Sell on Any Rise or Rally towards 4810 and also sell below 4720 for the Target @4600. As huge Sell off has already happen and now making any fresh position will be risky.

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MCX Daily Report (17 April 2013)

MCX ENERGY TECHNICAL LEVELS

NATURAL GAS MCX DAILY CHART & LEVELS DAILY CHARTS – MCX NATURAL GAS

JUSTIFICATION

SUPPORT: Immediate Support @218 RESISTANCE: Strong Daily Resistance @234.50

Comments: Natural Gas MCX is likely to touch lower levels and below 221.50 NG may head towards lower levels @218. One can Also initiate Long position around 218 as bounce back expected around support levels.

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MCX Daily Report (17 April 2013)

MCX METALS TECHNICAL LEVELS

COPPER MCX DAILY CHART & LEVELS DAILY CHART – MCX COPPER

JUSTIFICATION

SUPPORT: Immediate Support @386 and Next Major Support @375 RESISTANCE: Immediate Resistance @396 and 402

Comments: COPPER MCX faces resistance around 396 and one can initiate short position around 396 for TGT 386 with SL 402 May head towards lower levels @375. Any Bounce towards Resistance @396 will be Selling opportunity. Positional Traders can Initiate Short Position With Stop loss @412

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MCX Daily Report (17 April 2013)

MCX BASE METALS TECHNICAL LEVELS

LEAD MCX DAILY CHART & LEVELS DAILY CHART – MCX LEAD

JUSTIFICATION

SUPPORT: Immediate Strong Supports @109.70 RESISTANCE: Immediate Resistance @112.40

Comments: LEAD MCX is a good selling opportunity around 112- 112.40 with TGT 109.70 SL 113.50 as Faces trend line resistance and may head towards lower levels. As trend is down sell around resistance

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MCX Daily Report (17 April 2013)

TODAYS ECONOMIC DATA

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MCX Daily Report (17 April 2013)

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MCX Daily Report (17 April 2013)

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DAILY-COMMODITY-REPORT BY EPIC RESEARCH 17 april 2013  

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