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08- JULY-2014
DAILY MCX NEWSLETTER
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09200009266



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BULLION:
Silver prices have gained 7.9% year-to-date in 2014 and rallied 2% last week tracking gold and
growth in industrial demand.
ETF securities Ltd (ETFS) in a weekly report said that on a 12-month basis silver has rallied 13.1%
surpassed only by palladium which rose 30.5%.
Prior to the 2008 crisis, the ratio of gold to silver was about 50. It spiked to near 84 during the
2008/9 crisis and declined to near 32 in 2011. Due to its larger industrial demand base, absent a
stumble in the global economy, the ratio of gold to silver is likely to continue to decline, ETFS said.

ENERGY:
Brent Crude continued lower to good trend line support at 110.70 & short term Fibonacci support at
110.40/35. We forecast a good chance of a bounce from here & exactly as predicted prices
bottomed within this range at 110.53.
Immediate resistance at 111.40 & we should struggle here this morning but above here perhaps
later in the day is more positive & can target 111.80/85 which could hold a move higher. However
above meets tricky resistance at 112.10/15 then a selling opportunity at 112.40/45.

BASE METAL:
WTO members noted that China needed to rebalance its growth, which had been
traditionally nurtured by investment and had heavily relied on directed credit availability.
China remains a large recipient of foreign direct investment (FDI). FDI inflows reached
US$117.6 billion in 2013. The main sectors attracting FDI are manufacturing, real estate, and
wholesale and retail trade.



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GOLD (5 AUG.)




SILVER (5 SEP.)








BULLION
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 45200, 45500
SUPPORT : - 44500, 44200
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 27750, 27900
SUPPORT : - 27300, 27100
STRATEGY : - SELL ON HIGH


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CRUDEOIL (21 JULY)






NATURAL GAS (28 JULY)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 260.00, 265.00
SUPPORT : - 250.00, 240.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 6260, 6320
SUPPORT : - 6150, 6100
STRATEGY : - SELL ON HIGH



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COPPER (29 AUG.)






LEAD (31 JULY)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 131.40, 132.70
SUPPORT : - 129.20, 128.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 438.00, 442.00
SUPPORT : - 430.00, 425.00
STRATEGY : - BUY ON DIPS



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ZINC (31 JULY)





ALUMINUM (31 JULY)




NICKEL (31 JULY)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1165.00, 1180.00
SUPPORT : - 1150.00, 1140.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 115.10, 116.00
SUPPORT : - 113.00, 112.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 136.50, 137.50
SUPPORT : - 133.50, 132.50
STRATEGY : - BUY ON DIPS



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GOLD 1320.54
SILVER 21.124
COPPER 3.267
CRUDEOIL 103.78
PALLANDIUM 865.30
PLATINUM 1501.07

USDINR 60.1475
EURUSD 01.3602
USDJPY 101.810
USDCHF 00.8934
GBPUSD 01.7131
USDCAD 01.0685



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