DAILY MCX NEWSLETTER 27-SEP.

-2013

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BULLION
US gold remained steady on Thursday amid upcoming Chinese holidays. Weak physical demand for the yellow metal was seen pressuring the commodity price movement to certain extent in the global market. Gold futures for December delivery on Globex platform of Comex was seen trading up by 0.058% at $1337 per troy ounce as of 13.51 IST on Thursday. Upcoming Chinese holidays have affected gold demand in the global market. The holidays are expected to weaken gold demand in the global market. Chinese markets will be closed next week for the National Day holiday. Tracking a narrow trade on Comex, India gold futures for October delivery on Multi Commodity Exchange (MCX) is sideways to bearish and is likely to continue with the trend for the day

BASE METAL
India copper futures on its Multi Commodity Exchange (MCX) recorded a slight up-tick on Thursday, however, technically the prices were seen trading bearish and are expected to continue with the trend for the day. In the global market, copper futures recorded a slight up-tick on Thursday and was seen trading slightly positive. Copper futures for December delivery on Globex platform of Comex was seen trading up by 0.94% at $3.301 per pound as of 16.35 IST on Thursday.

ENERGY
India crude oil futures remained down on Thursday and continued its southward movement tracking a decline at NYMEX crude oil prices recorded on Wednesday due to higher than expected stock-piles. The trend in crude oil futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and traders are advised to stay on sell side. US crude oil futures fell to 12 week low on Wednesday due to unexpected rise in US crude oil stock-piles, rebounding crude oil supply from Libya, Nigeria and waning Syria tensions. WTI crude oil futures for October delivery on NYMEX was down by 0.048% at $102.71per barrel as of 15.29 IST on Thursday.

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BULLION
GOLD (5 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 30000, 30300 : - 29540, 29300 : - SELL ON HIGHS

SILVER (5 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 49060, 49450 : - 48300, 48000 : - SELL ON HIGHS

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ENERGY

CRUDEOIL (21 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - BEARISH : - 6450, 6520 : - 6360, 6300 : - SELL ON HIGHS

NATURAL GAS (28 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 223.50, 225.00 : - 218.20, 215.00 : - SELL ON HIGHS

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BASE METAL
COPPER (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -461.30, 465.00 : - 451.00, 445.00 : - SELL ON HIGHS

LEAD (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 128.90, 129.40 : - 127.40, 126.20 : - SELL ON HIGHS

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ZINC (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 116.30, 117.30 : - 114.90, 114.00 : - SELL ON HIGHS

ALUMINUM (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 110.40, 111.00 : - 109.00, 108.10 : - SELL ON HIGHS

NICKEL (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 861.80, 867.70 : - 840.00, 825.00 : - SELL ON HIGHS

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GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1324.34 21.579 03.298 102.70 03.570 721.10 1410.50

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

61.9800 01.3475 98.9600 00.9110 01.6031 01.0310

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