DAILY MCX NEWSLETTER

09-OCT. -2013

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

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BULLION
US gold held gains on Tuesday morning after US Govt shutdown entered for a second week. The commodity was supported by weak US Dollar index and hopes that US Central Bank may continue with its monetary stimulus amid gloomy economic outlook on US. Chinese markets have reopened on Tuesday after a week long National Day holiday and are expected to support the yellow metal movement in the global market. Good physical demand from Asia was noted on Tuesday after China returned from its week long holidays. Upcoming India's festive and wedding season demand is expected to support the yellow metal prices to certain extent in the global market.

BASE METAL
India lead futures edged up on Tuesday on short covering amid depreciation of Indian Rupee (INR) against US Dollar (USD). The commodity is expected to trade with a positive bias during intra-day trade. Chinese service sector recorded a decline in September. HSBC China Services Purchasing Managers' Index fell to 52.4 from 52.8 recorded in August, according to the data released on Tuesday.

ENERGY
US crude oil futures rose from a four day low amid concerns over partial shutdown of the US government and higher than expected crude oil stock-piles. WTI crude oil for November delivery on NYMEX was seen trading with the gain of 80 cents at $103.83 per barrel as of 16.28 IST on Tuesday. Technically, the trend in crude oil futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish for the day and traders are advised to take buy position. Intra-day support for the commodity is seen at 6350 while resistance is seen at 6470. If prices break the level of 6470, then further upside is expected till 6530.

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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 : - 50300, 50800 : - 49500, 49020 : - SELL ON HIGHS

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ENERGY
CRUDEOIL (21 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6480, 6550 : - 6400, 6290 : - SELL ON HIGHS

NATURAL GAS (28 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 235.00, 238.00 : - 225.00, 222.70 : - BUY ON DIPS

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BASE METAL
COPPER (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -459.50, 462.00 : - 450.00, 444.00 : - SELL ON HIGHS

LEAD (31 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 129.80, 130.50 : - 128.70, 127.00 : - SELL ON HIGHS

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ZINC (31 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 117.05, 118.00 : - 115.40, 114.40 : - SELL ON HIGHS

ALUMINUM (31 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 114.80, 115.60 : - 113.00, 112.00 : - 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

1316.51 22.210 03.267 103.48 03.717 707.50 1396.50

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

61.9400 01.3570 97.1700 00.9055 01.6067 01.0372

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