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MCX COMMODITY WEEKLY REPORT

EPIC Research Report This Report contains all the study and strategy required by trader to trade on MCX commodities. Refer to the chart attacted in the Report to take proper Trading Decision.

Date: 02-September-2013


MCX Daily Newsletter (02-September-2013)

WEEKLY COMMODITY WRAP‌..!!!!! Base metals

Precious metals

Recent macroeconomic numbers from China and Europe has proved supportive for the base metals pack, whereby we have witnessed an improvement in Chinese industrial production and mitigation of recessionary conditions in Europe.

Gold prices have retreated from the high of US$1,385/oz, as US FOMC minutes gave an impression that the central bank will Indeed start tapering the bond buying program later this year and may also conclude the purchase program around the middle of 2014 if economic conditions warrant.

In China, HSBC flash PMI reading of manufacturing activity hit a four month high in July and in the process crawled into the expansion territory.

US treasury bonds are under severe pressure, with the ten and thirty year yields around 3% and 4% respectively. Greenback managed resurgence against a number of currencies, with US dollar index reclaiming 81.5 levels.

Improvement in the manufacturing activity has justified Chinese Government efforts to revive the economy through stimulus measures, including new investments in power grids and Spending on urban infrastructure and railways. In Europe, Markets urvey conveyed that business in the region improved during August, aided by a rebound in German activity.

After every healthy recovery, markets have an inclination to Witness profit taking at higher levels and the same holds True for non-ferrous metals. Although the landscape in US And improving conditions in China and Europe should be Considered bullish, growing perception of Federal Reserve Tapering the stimulus may exert downward pressure on the Entire commodity pack.

In physical markets, US Mint reported that demand for gold coins plunged in recent weeks. Total sales of American Eagle gold bullion coins during the first two weeks of August stood at 3,000 ounces, well below the 39,000 ounces during August 2012. Recent FOMC policy minutes have inculcated a belief among The market participants that tapering is inevitable, however The timing of the tightening may vary. Uncertainty may Prevail but market consensus conveys that apex bank will Moderately scale back during September. Fed has to start Somewhere and September policy meeting is deemed to be the period whereby the tapering process can eventually Start. In event of such a scenario, greenback will witness Resurgence and effectuate a slide in precious metals. Gold Prices will remain range bound during the next few weeks Until we get more clarity from the September Fed meeting.

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MCX Daily Newsletter (02-September-2013)

WEEKLY ECONOMIC CALENDAR

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MCX Daily Newsletter (02-September-2013)

WEEKLY MCX COMMODITIES PIVOT LEVELS SCRIPTS

Previous Week High

Previous Week LOW

Previous Week Close

Weekly S2

Weekly S1

Weekly PIVOT

Weekly R1

Weekly R2

GOLD OCT

35074

31686

32989

29861.67

31425.33

33249.67

34813.33

36637.67

SILVER DEC

59942

53111

53212

48590.67

50901.33

55421.67

57732.33

62252.67

CRUDE OIL SEPT

7784

6830

7246

6332.67

6789.33

7286.67

7743.33

8240.67

COPPER NOV

512.65

467.7

486.95

444.15

465.55

489.10

510.50

534.05

NICKEL SEPT

1004.8

912.8

928.2

856.60

892.40

948.60

984.40

1040.60

NATURAL GAS SEPT

254

223.6

239.5

208.63

224.07

239.03

254.47

269.43

ALUMINIUM SEPT

130

117.15

122.1

110.23

116.17

123.08

129.02

135.93

ZINC SEPT

136.9

123.55

128.25

116.22

122.23

129.57

135.58

142.92

LEAD SEPT

155.4

140.25

145.15

131.78

138.47

146.93

153.62

162.08

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MCX Daily Newsletter (02-September-2013)

MCX BULLIONS DAILY TECHNICAL LEVELS GOLD MCX DAILY CANDLESTICK CHART

TRADING STRATEGY: GOLD MCX as predicted last week touched 35000 levels. For thic week we may see support around 32400 levels and may see turn around from those levels. Alternatively we may see selling below 31900 levels. GOLD COMEX if Sustains avove 1425$ may enter Bullish Zone. And USDINR May see Support Around 65$. Immedaite Resistance @33830 and Support @32480 1. Buy GOLD MCX above 33850 TGT 34000/34300 SL 31500 2. Sell GOLD MCX below 32300 TGT 32000/31700 SL 32700

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MCX Daily Newsletter (02-September-2013)

SILVER MCX DAILY CANDLESTICK CHART

TRADING STRATEGY: SILVER MCX is trading very volatile. We have already seen Selling from Higher levels from around 59000 levels. Now We may See Some Consolidation this week. Hence Sell on Rise around higher Resistance levels @57775 are suggested. And buying may be seen at lower support levels @53100. Immedaite Resistance @55400 and Support @53100 1. BUY SILVER MCX above 55500 TGT 56000/56500 SL 55000 2. SELL SILVER MCX Below 53000 TGT 52500/52000 SL 54000

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MCX Daily Newsletter (02-September-2013)

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Weekly commodity report by epic reseach 2 september 2013