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DAILY MCX NEWSLETTER 12-AUG. -2013

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ENERGY

BASE METAL

BULLION Gold futures for October delivery on India's Multi

The trend in copper futuresfor August delivery

India natural gas futures for August delivery on

Commodity Exchange (MCX) is positive and is

on India's Multi Commodity Exchange (MCX) is

Multi Commodity Exchange (MCX) is negative and

expected to continue with the trend for the day.

bullish and the base metal is continue with the

the commodity is expected to continue with the

Earlier, gold in the global market had fallen to a

trend till the break of 425 which is the short

trend for the day.

three-week low on concerns that US Federal

term support for the prices.

Intra-day traders are advised to be cautious while

Reserve may roll back its monetary stimulus next

MCX nickel futures is positive and is expected to

taking fresh positions before the release of US

month.

trade with a positive bias for the day.

natural gas stock-piles data. Those who are holding

Gold prices in the global market rose despite

In the United States, economic activity in the

sell position may hold it with a strict stop loss of

higher than expected China data released on

non-manufacturing sector grew in July for the

203.

Thursday . Gold futures on Globex platform of

43rd consecutive month, as per the latest report

US natural gas futures for August delivery on

Comex (US gold) is positive and may continue with

on non-manufacturing released by the Institute

NYMEX was seen trading neutral ahead of US

trend for the day.

of Supply Management (ISM) on Monday.

stocks-piles data.

A silver vault that can hold 200 metric tons opens

The non-manufacturing index (NMI) registered

Meanwhile, China recorded a higher than expected

in Singapore this week to cater for increasing

56 percent in July, 3.8 percentage points higher

trade index on Thursday. Chinese exports

demand for physical precious metals among Asia’s

than the 52.2 percent registered in June. This

increased 5.1 percent in July, when compared to a

wealthy, even as the commodity leads market

indicates continued growth at a faster rate in

the 3.1 percent fall in June, as per the data

declines this year.The new repository can hold

the non-manufacturing sector.

released by the National Bureau of Statics of China

$128 million of silver at today’s prices.

on Thursday. US Department of Labor is scheduled to release its data on US initial jobless claims and continuing jobless claims at 06.00 PM IST today. Chinese Consumer Price Index (CPI), Producers

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BULLION

GOLD (5 OCT.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: -CONSOLIDATE : - 28000, 28180 : - 27525, 27330 : - BUY ON DIPS

SILVER (5 SEP.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - CONSOLIDATE : - 43400, 44230 : - 41400, 42000 : - BUY ON DIPS


ENERGY

CRUDEOIL (19 AUG.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : - 6460, 6520 : - 6360, 6280 : -BUY ON DIPS

NATURAL GAS (27 AUG.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - BEARISH : - 197.00, 203.00 : - 192.00, 190.00 : - SELL ON HIGHS


BASE METAL

COPPER (30 AUG.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - BULLISH : - 445.00, 455.00 : - 440.00, 436.00 : - BUY ON DIPS

LEAD (30 AUG.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - BULLISH : - 132.00, 133.00 : - 131.00, 130.00 : - BUY ON DIPS


ZINC (30 AUG.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - BULLISH : - 116.60, 117.50 : - 115.60, 115.00 : - BUY ON DIPS

ALUMINUM (30 AUG.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - BULLISH : - 112.00, 112.80 : - 111.00, 110.20 : - BUY ON DIPS

NICKEL (30 AUG.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

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: - BULLISH : - 900.00, 920.00 : - 875.00, 855.00 : - BUY ON DIPS


GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1328.40 21.007 03.298 106.25 03.250 743.50 1503.00

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USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

60.6770 01.3330 96.330 00.9229 01.5508 01.0283


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Daily mcx newsletter 12 aug 2013  

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