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DAILY MCX NEWSLETTER NOV.. -2013 28-NOV

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

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BULLION

BASE METAL

ENERGY

India's jewellery retailing looks set to get a

MCX copper for November delivery was seen

US crude oil edged down for a fourth day on

bunch of highly efficient sales force trained in

trading in a narrow range since morning.

Wednesday after US crude oil inventories rose

sales and soft skills thanks to a new initiatie by

Intra-day support for the prices is seen at

for a ninth week. Tracking a sideways trend on

the All India Gems and Jewellery Trade

440 level and break out of the same may give

NYMEX crude oil futures. Meanwhile, India

Federation (GJF),the national trade federation

fresh selling opportunity and then traders

crude oil futures recorded a decline on fresh

for gems and jewellery indsutry across India.

can wait for the target at 437 and 434.

selling pressured by appreciation of Indian

The new initiative called Star Scheme is

Resistance is seen at 444.0 level.

Rupee (INR) against US Dollar (USD).

intended to benefit 10 lakh youth at a cost of Rs

MCX copper for November delivery was seen

WTI crude oil for December delivery on NYMEX

1000 c. The initiative is being done in

trading at 442.70 per kilogram as of 23.55

was seen trading with gain of 2 cents at $92.20

association with Gem and Jewellery Skill

IST on Wednesday.

per barrel as of 09.32 IST on Thursday.

Council of India under the National SKill

A list of US data releases is scheduled for the

Crude oil futures for December delivery on

Certification and Reward Scheme.

day and traders may get further details from

India's Multi Commodity Exchange (MCX) was

India has 400,000 retail outlets and has over

the data released.

seen trading with loss of 1.60% at Rs.5781 per

1.5 million individuals employed as Retail Sales Associates (RSAs).

barrel as of 23.55 IST on Wednesday. Intra-day support for MCX crude oil for December delivery is seen at 5840, 5805 and 5750 levels for near term while resistance is seen at 5875 and 5900 levels, according to Melbin Noble, Research Analyst at Commodity Online. US crude oil inventories rose by 6.92 mn barrels last week, according to the weekly data released by the American Petroleum Institute (API) on Thursday.

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BULLION GOLD (5 DEC.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: -CONSOLIDATE : - 30250, 30400 : - 29750, 29550 : - SELL ON HIGH

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

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: - CONSOLIDATE : - 44550, 44850 : - 43900, 43600 : - SELL ON HIGH HIGH


ENERGY CRUDEOIL (18 DEC.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : - 5830, 5890 : - 5750, 5700 : - SELL ON HIGH

NATURAL GAS (26 DEC.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - BULLISH : - 248.00, 254.00 : - 240.00, 237.00 : - BUY ON DIPS


BASE METAL

COPPER (29 NOV.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : -446.00, 450.50 : - 439.00, 435.50 : - SELL ON HIGH

LEAD (29 NOV.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - CONSOLIDATE : - 130.00, 131.00 : - 127.50, 126.50 : - SELL ON HIGH


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

: - CONSOLIDATE : - 117.00, 118.00 : - 114.00, 113.00 : - SELL ON HIGH

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

: - CONSOLIDATE : - 109.00, 110.50 : - 105.50, 104.50 : - SELL ON HIGH

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

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: - CONSOLIDATE : - 837.00, 843.50 : - 822.50, 817.00 : - SELL ON HIGH


GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1239.67 19.666 03.219 92.20 03.904 715.40 1356.30

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USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

62.8250 01.3576 102.058 00.9076 01.6300 01.0587


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MCX News updates by Theequicom 28-November