Daily MCX Newsletter 20 Oct2014

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20-OCT.-2014
DAILY MCX NEWSLETTER
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09200009266


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BULLION:

Gold dropped on Friday as US equities rebounded but was still set for a second
straight weekly gain as concerns over the global economy have raised speculation
that the US Federal Reserve could keep interest rates low for longer.

Palladium rallied 3 per cent, partly recovering from Thursday's losses, as broad-
based gains in global markets lifted the metal mostly used in auto catalytic
converters.



ENERGY:
Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as
growing concerns over the global economy stretched a four-month rout.

Global benchmark Brent has lost more than 28 percent since June on slow demand and
abundant supply. Losses have accelerated in October on signals that the Organization
of the Petroleum Exporting Countries has no plan to cut output.




BASE METAL:
Base metal prices fell up to Rs 7 per kg at the local non-ferrous metal market today on
stockists selling in tandem with a weakening global trend.

Traders said sentiment remained weak after lead fell to the lowest price since May
2013 in global markets on demand concern following signs of slowing global
economic growth.





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GOLD (5 DEC.)




SILVER (5 DEC.)








BULLION
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 38750, 39200
SUPPORT : - 38000, 37700
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 27450, 27600
SUPPORT : - 27050, 26900
STRATEGY : - BUY ON DIPS


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CRUDEOIL (19 NOV.)






NATURAL GAS (28 OCT.)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 234.00, 237.00
SUPPORT : - 227.00, 224.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 5130, 5180
SUPPORT : - 5000, 4970
STRATEGY : - SELL ON HIGH



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COPPER (28 NOV.)






LEAD (31 OCT.)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 126.00, 127.00
SUPPORT : - 122.50, 121.50
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 412.00, 415.00
SUPPORT : - 406.00, 403.00
STRATEGY : - SELL ON HIGH



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ZINC (31 OCT.)





ALUMINUM (31 OCT.)




NICKEL (31 OCT.)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 970.00, 980.00
SUPPORT : - 950.00, 942.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 122.50, 123.50
SUPPORT : - 118.50, 117.50
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 139.50, 140.50
SUPPORT : - 136.50, 135.50
STRATEGY : - SELL ON HIGH



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GOLD 1238.29
SILVER 17.252
COPPER 3.004
CRUDEOIL 82.90
PALLANDIUM 753.20
PLATINUM 1260.00

USDINR 61.6125
EURUSD 01.2756
USDJPY 106.862
USDCHF 00.9462
GBPUSD 01.6086
USDCAD 01.1274



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