DAILY MCX NEWSLETTER 26-SEP.

-2013

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BULLION
MCX Gold: For intra-day, support for MCX Gold is seen at 29880 while resistance is seen at 30420 level. Traders are advised to sell on rise around 30150 with the stop loss of 30420 for the target of 29900, according to our analyst at Commodity Online. MCX gold for November delivery was seen trading up by 150 point at Rs.30215 per 10gram as of 23.50 IST on Wednesday.

BASE METAL
India copper futures continued its downward movement on Wednesday. Technically, the trend in copper futures for November delivery on Multi Commodity Exchange (MCX) is negative and further downward movement is expected during intra-day trade. For intra-day, support for MCX copper is seen at 451 while resistance is seen at 460 level. Traders are advised to sell on rise around 455 with the stop loss of 460 for the target of 451, according to our analyst at Commodity Online. MCX copper for November delivery was seen trading down by 0.57% at Rs.456.50 per kilogram as of 23.50 IST on Wednesday.

ENERGY
US crude oil prices almost remained steady with a slight up-tick amid waning Syria tensions. US Energy Information Administration (EIA) is scheduled to release its data on weekly stock-piles at 20.00 IST today and outcomes of the data released may impact crude oil price movement in the global market to some extent. Technically, 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.

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BULLION
GOLD (5 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 30420, 31700 : - 29970, 29720 : - SELL ON HIGHS

SILVER (5 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 49550, 50000 : - 48420, 48000 : - SELL ON HIGHS

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ENERGY

CRUDEOIL (21 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - BEARISH : - 6500, 6570 : - 6360, 6300 : - SELL ON HIGHS

NATURAL GAS (28 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 223.50, 225.00 : - 219.20, 215.00 : - SELL ON HIGHS

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BASE METAL
COPPER (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -460.00, 465.00 : - 451.00, 445.00 : - SELL ON HIGHS

LEAD (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 128.60, 129.40 : - 127.00, 126.20 : - SELL ON HIGHS

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ZINC (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 116.50, 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 : - 867.50, 880.00 : - 850.00, 835.00 : - SELL ON HIGHS

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GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1330.95 21.694 03.264 102.33 03.552 721.10 1424.50

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

62.4300 01.3516 98.5000 00.9104 01.6071 01.0320

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