DAILY MCX NEWSLETTER

27-DEC. -2013

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 gold futures rose marginally on Thursday and was seen trading slightly up. However, still the yellow metal trend looks sideways to bearish. Gold futures for February delivery on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.28% at Rs.28538 per 10 grams as of 16.02 IST on Thursday. Technically, the trend in MCX gold futures for February delivery looks sideways to bearish for the day and intraday traders are advised to sell on rise. For intra-day, support for the commodity is seen at 28300 and 28000 levels while resistance is seen at 28650 and above that it may test level of 28800, according to our analyst at Commodity Online. Intra-day traders may take sell position near 28450 with the stop loss of 28600 for the target near 28200 and 28100.

MCX copper for February delivery was seen moving up and is expected to trade with a positive bias during intraday trade. Intra-day support is seen at 464 and 462 levels while resistance is seen at 470 and 470.5 levels. Traders are advised to take long position around 466 with the stop loss of 461.5 for the target of 472. MCX copper for February delivery was seen trading with a gain of 0.53% at Rs.468.25 per kilogram as of 13.49 per kilogram on Thursday. Copper futures on MCX recorded an up-tick supported by slight positive trend in the base metal prices in the global market. Optimistic outlook on Chinese economic growth was also seen supporting the base metal prices. Comex copper for March delivery on electronic platform was seen trading at $3.377 per pound as of 14.23 IST on Thursday.

US crude oil was seen trading steady and above $99 per barrel, near eight week high on early Thursday amid socio political unrest in Libya and South Sudan. Meanwhile, gold prices remained weak in a thin trade due to economic recovery in the United States, US stimulus tapering fears and a firm trend in the global equity markets. US gold futures for February delivery on electronic platform was seen trading with a gain 0f $1.2 at $1204.5 per troy ounce as of 08.18 IST while WTI crude oil for February delivery on NYMEX was seen trading up 28 cents at $99.50 per barrel as of 08.19 IST on Thursday.

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BULLION
GOLD (5 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 28750, 28900 : - 28350, 28100 : - SELL ON HIGH

SILVER (5 MAR.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 45100, 45600 : - 44200, 43950 : - SELL ON HIGH HIGH

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ENERGY
CRUDEOIL (20 JAN.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6240, 6290 : - 6150, 6120 : - SELL ON HIGH

NATURAL GAS (28 JAN.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -BULLISH : - 279.00, 282. 00 : - 271.00, 267.00 : - BUY ON DIPS

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BASE METAL

COPPER (28 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -473.50, 477.00 : - 466.50, 461.50 : - BUY ON DIPS

LEAD (31 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 141.50, 143.50 : - 136.50, 135.00 : - BUY ON DIPS

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ZINC (31 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 133.00, 135.00 : - 128.50, 126.00 : - BUY ON DIPS

ALUMINUM (31 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 108.50, 110.00 : - 105.00, 104.00 : - SELL ON HIGH

NICKEL (31 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 887.00, 894.00 : - 871.00, 864.00 : - SELL ON HIGH

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GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1211.48 19.812 03.373 99.50 04.453 701.10 1358.60

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

62.0800 01.3733 104.826 00.8937 01.6442 01.0634

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