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DAILY MCX NEWSLETTER 24-SEP. -2013

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BASE METAL

BULLION

ENERGY

Gold prices continued their southward journey

Copper prices edged down in the

Crude oil futures on NYMEX slightly rose on

and were seen trading down amid firm China

international market and were seen trading

Monday amid positive data releases from China

data and fresh stimulus concerns. Analysts say

down despite positive data from China. The

and Europe. However, the commodity was seen

that, the recent decision from US Federal

base metal is expected to continue with its

trading under pressure on fresh concerns that

Reserve to continue with its monetary stimulus

negative for the day amid concerns over US

US Federal Reserve may start curbing its

program till the economy backs to its solid

monetary stimulus.

monetary stimulus later this year on improving

growth path may support gold prices only for

Copper futures for December delivery on

economic conditions in the United States. WTI

short term. Signs of economic recovery around

Globex platform of Comex was seen trading

crude oil futures on NYMEX was seen trading

the globe was seen pressuring the yellow metal

down by 0.06% at $3.227 per pound as of

with a slight gain of 10 cents at $103.46 per

prices to certain extent in the global market.

9:38 IST on Tuesday.

barrel as of 9:43 IST on Tuesday.

Gold futures for December delivery on Globex

Meanwhile, the trend in crude oil futures for

platform of Comex was seen trading down by

October delivery on India's Multi Commodity

0.03% at $1326.9 per troy ounce as of 9:37 IST

Exchange (MCX) looks sideways to bearish for

on Tuesday.

the day and intra-day traders are advised to stay on sell side.

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BULLION GOLD (5 OCT.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: -CONSOLIDATE : - 29990, 31430 : - 29530, 29270 : - BUY ON DIPS

SILVER (5 DEC.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

www.TheEquicom.com +919200009266

: - CONSOLIDATE : - 49850, 50370 : - 48780, 48400 : - BUY ON DIPSHIGH


ENERGY

CRUDEOIL (21 OCT.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - BEARISH : - 6560, 6645 : - 6450, 6440 : - SELL ON HIGHS

NATURAL GAS (25 SEP.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

www.TheEquicom.com +919200009266

: - CONSOLIDATE : - 228.50, 230.00 : - 225.70, 222.00 : - SELL ON HIGHS


BASE METAL COPPER (29 NOV.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : -469.00, 474.00 : - 460.80, 458.50 : - SELL ON HIGHS

LEAD (30 SEP.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

www.TheEquicom.com +919200009266

: - CONSOLIDATE : - 130.70, 131.70 : - 128.70, 127.50 : - SELL ON HIGHS


ZINC (30 SEP.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : - 117.70, 118.30 : - 115.60, 114.60 : - SELL ON HIGHS

ALUMINUM (30 SEP.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

: - CONSOLIDATE : - 112.20, 113.60 : - 110.55, 109.15 : - SELL ON HIGHS

NICKEL (30 SEP.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY

www.TheEquicom.com +919200009266

: - CONSOLIDATE : - 877.00, 890.00 : - 863.00, 855.00 : - SELL ON HIGHS


GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1326.60 21.825 03.286 103.45 03.584 714.70 1428.00

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USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

62.6000 01.3491 98.6800 00.9108 01.6031 01.0286


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Daily mcx newsletter 24 sep 2013  

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