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18- JULY-2014
DAILY MCX NEWSLETTER
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BULLION:
Spot gold prices continue to trade positive today extending the previous day's recovery from four-
week lows as investors took advantage of lower prices to buy, though expectations that U.S.
monetary policy is set to tighten limited gains. Gold has been under pressure after Federal Reserve
Chair Janet Yellen said on Tuesday the U.S. central bank could raise rates earlier or faster if hiring
and wages take off in an unexpected way. On the MCX, gold prices are trading marginally higher by
0.34 percent at Rs.27771/10gms.
ENERGY:
Sharp drop in U.S. crude stockpiles and promising economic data from China indicated an improving
outlook for demand in the world's top two oil consumers. In addition, continued worries about the
geopolitical situation in North Africa, the Middle East and Ukraine also underpinned oil prices. Rise
in U.S. refining activity caused crude stocks to fall by 7.5 million barrels last week, the biggest draw
since January. On the MCX, crude prices are trading higher by 0.8 percent at Rs.6141/bbl.
BASE METAL:
Base metals on the LME are trading on a mixed note as the sentiments in the world markets
turned into red after the US and Euro Zone imposed additional sanctions on Russia. However,
weakness in the DX restricted sharp downside in prices. In the Indian markets, base metals
traded in line with international trends.

LME Copper prices declined by around 0.2 percent as Anglo American Plc (AAL), the mining
company reviewing global operations from Australia to Brazil, said second-quarter
production of copper, increased. Also, default concerns in the constructions sector in China
exerted downside pressure on prices. However, weakness in the DX coupled with decline in
inventories cushioned sharp fall. On the MCX, copper prices are trading marginally lower by
0.1 percent at Rs.429.25/kg.


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GOLD (5 AUG.)




SILVER (5 SEP.)








BULLION
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 45900, 46300
SUPPORT : - 45200, 44700
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 28400, 28600
SUPPORT : - 28000, 27700
STRATEGY : - SELL ON HIGH


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CRUDEOIL (21 JULY)






NATURAL GAS (28 JULY)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 245.00, 250.00
SUPPORT : - 232.00, 228.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 6270, 6340
SUPPORT : - 6150, 6100
STRATEGY : - BUY ON DIPS



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COPPER (29 AUG.)






LEAD (31 JULY)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 133.00, 134.00
SUPPORT : - 131.00, 130.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 435.00, 438.00
SUPPORT : - 429.00, 425.00
STRATEGY : - SELL ON HIGH



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ZINC (31 JULY)





ALUMINUM (31 JULY)




NICKEL (31 JULY)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1170.00, 1180.00
SUPPORT : - 1155.00, 1145.00
STRATEGY : - SELL ON HIGH
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 121.00, 122.00
SUPPORT : - 118.50, 117.50
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 140.00, 137.50
SUPPORT : - 137.50, 136.50
STRATEGY : - SELL ON HIGH



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GOLD 1316.31
SILVER 20.102
COPPER 3.211
CRUDEOIL 103.70
PALLANDIUM 881.30
PLATINUM 1495.30

USDINR 60.5050
EURUSD 01.3525
USDJPY 101.321
USDCHF 00.8974
GBPUSD 01.7092
USDCAD 01.0745



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