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DAILY MCX NEWSLETTER 19-NOV. NOV. -2013

THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER,, OUR SL TRIGGERED www.TheEquicom.com 09200009266

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BULLION

Financial markets are the foundations of the

BASE METAL

A decline in Chinese grid spending is

ENERGY

Crude oil prices in the global market remained

globalized economy. Realistic and fundamental

expected to weigh on copper prices in the

weak on Monday and were almost steady as a

data and growth figures should guide the

global market. China power grid investment

result due to weak international cues. Recent

global economy. But in the last few years, we

fell again in October, by 14% year year-on-year

comments from US Federal Reserve Chairman

are witnessing something very funny: markets

basis, the second straight monthly fall.

nominee Janet Yellen may have supported the

are moved by the daily statements from

“We expect continued moderation as the

commodity prices.

Federal Reserve Chairman to a whole lot of

gridcos bring full full-year investment in line

A statement from US official that an

continental and regional financial regulators

with their initial targets, which could weigh

understanding to curb Iran's nuclear program

or central bankers.

on copper demand in coming months,” said

is possible later this week, may have put

So we have the fluid situation of global equity

London based Barclays in an ee-mailed

pressure on the prices. Any positive agreement

and commodity markets caught in a web of

report.

between the two countries could lift sanctions

daily ‘statements.’ And one commodity that

Grid inv investment reached 41 bn RMB in

against Iran and as a result of that, Iranian

moves up and down on the daily statements

October, up seasonally from September

crude oil is expected flow into the market.

from America to India is gold.

levels but down 14% year year-on-year basis

India crude oil prices edged down on Monday

(y/y). This brings YTD grid spending to

tracking bearish international sentiments. The

296bn RMB, 6.4% higher y/y. YTD growth

commodity is expected to trade negative during

has fallen consistently from 44% in the first

intra-day day trade amid am appreciation of Indian

two months of the year to 11% in September

Rupee (INR) against US Dollar (USD).

and now 6.4%.

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BULLION GOLD (5 DEC.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: -CONSOLIDATE CONSOLIDATE : - 30 0500, 30750 : - 30050, 300 29800 : - SELL ON HIGH

SILVER (5 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - CONSOLIDATE : - 4700 7000, 47500 : - 4500 5000, 44750 : - SELL ON HIGH HIGH


ENERGY CRUDEOIL ((18 DEC.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : - 5930, 5980 : - 5800, 57300 : - SELL ON HIGH

NATURAL GAS (2 (25 NOV.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - CONSOLIDATE : - 232 2.00, 235.50 : - 226 6.00, 222.50 : - BUY ON DIPS


BASE METAL

COPPER ((29 NOV.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : -438.00 0, 442.00 : - 429.50 0, 423.50 : - SELL ON HIGH

LEAD ((29 NOV.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - CONSOLIDATE : - 129 29.50, 131.00 : - 127 27.50, 126.00 : - SELL ON HIGH


ZINC ((29 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : - 116.70,, 117.50 : - 114.50,, 113.00 : - SELL ON HIGH

ALUMINUM ((29 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : - 109.70, 1 111.00 : - 108.00, 1 107.00 : - SELL ON HIGH

NICKEL ((29 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - CONSOLIDATE : - 857.00, 8 866.00 : - 836.00, 8 830.00 : - SELL ON HIGH


GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1273.71 20.253 03.133 93.51 03.613 13 712.600 1409.100

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USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

62.3875 01.3507 99.8200 00.9124 01.6100 01.0434


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MCX Newsletter 19-November