DAILY MCX NEWSLETTER

08-OCT. -2013

THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266

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BULLION
Gold and Silver: Physical reality in an increasingly alternative universe The main sentiment barometer remains equities, despite the fact that the mainstream investor is largely not participating. That could change as portfolio managers begin making the rounds using charts showing all time highs, and the rally that was missed by the baby boomer who vowed never to return after the dot-com bubble burst.

BASE METAL
India copper futures was seen trading bearish pressured by weak India HSBC Services Purchasing Managers' Index (PMI). The HSBC Services PMI declined to 44.6 in September from 47.6 recorded in August and the latest figure shows the fastest contraction in services since March 2009. The Indian services companies witnessed a fastest contraction in four year. Technically, the trend in copper futures for November delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and intra-day traders are advised to take sell position.

ENERGY
US crude oil continued its southward journey on Friday amid persisting concerns that partial shutdown of the US government may cut economic activities in the country there by reducing the demand for crude oil. A three to four week shutdown of the government would reduce the economic growth in the country by 1.4 percentage points in the fourth quarter, says Mark Zandi of Moodys Analytics. Earlier, Moody's had estimated 3% expansion in the fourth quarter without closure.

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BULLION
GOLD (5 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 29890, 30160 : - 29200, 28900 : - SELL ON HIGHS

SILVER (5 DEC.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 49800, 50100 : - 49350, 48730 : - SELL ON HIGHS

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ENERGY
CRUDEOIL (21 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6430, 6500 : - 6340, 6290 : - SELL ON HIGHS

NATURAL GAS (28 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 228.30, 230.60 : - 219.70, 215.70 : - SELL ON HIGHS

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BASE METAL
COPPER (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -458.00, 462.00 : - 447.50, 444.00 : - SELL ON HIGHS

LEAD (31 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 127.20, 128.30 : - 125.40, 124.50 : - SELL ON HIGHS

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ZINC (31 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 115.30, 116.00 : - 114.20, 113.00 : - SELL ON HIGHS

ALUMINUM (31 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 113.50, 114.60 : - 112.10, 110.80 : - SELL ON HIGHS

NICKEL (31 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 870.00, 890.00 : - 850.00, 835.00 : - SELL ON HIGHS

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GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1325.00 22.316 03.297 102.90 03.641 704.70 1402.50

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

61.7800 01.3568 96.7800 00.9040 01.6083 01.0324

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