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MCX Commodity Market Updates 26-November

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India gold futures edged down on Monday tracking bearish international cues, positive Asian equities, and firm Dollar. Its a better way to trade according to expert's view and their tips. Theequicom always provide useful information through MCX newsletter.

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MCX Commodity Market Updates 26-November

  1. 1. DAILY MCX NEWSLETTER NOV. 26-NOV. -2013 THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266 www.TheEquicom.com +919200009266
  2. 2. BULLION BASE METAL ENERGY India gold futures edged down on Monday China copper market remains buoyant due US crude oil futures began its week on a tracking bearish international cues, positive to a combinatin of scrap shortage and stock negative note on Monday. The futures fell after Asian equities, and firm Dollar. Continuing building,according to Barclays Research. Iran and six world powers reached an outflows from exchange-traded funds and China copper demand appears very positive agreement, which eased concerns over crude concerns that US central bank may start in 2013 and more traders want to book oil supply in the global market on Sunday. withdrawing its monetary stimulus soon were higher contract tonnages in 2014 thanks to WTI crude oil futures for January delivery on seen putting pressure on the yellow metal increased import financing. Refined copper NYMEX was seen trading with a loss of $0.11 at prices in the global futures markets. production is also expected to show strong $94.28 per barrel as of 09.34 IST on Tuesday. Average and marginal gold cash costs have growth. Tracking weak international cues, crude oil gone down in the third quarter of 2013 as a China stock build up is also a driver of futures on India's Multi Commodity Exchange result of industry-wide moves to cut costs. A copper demand. Estimates range from 100- (MCX) edged down on Monday and was trading decline in average cash costs indicate the 300 kt. " We believe the build has occured in bearish. MCX crude oil for December delivery progress of gold producers and is necessary in both unreported stocks held by traders and a closed with a loss of 1.51% at Rs.5894 per a lower price environment, said London based one-off working inventory pipeline fill. barrel as on Monday. Barclays in recent report. Barclays team who visited China MCX crude oil for December delivery is expected understands that "substitution out of scrap to witness buying near the support level of and into cathode has had a bigger impact on 5840 on Tuesday. Resistance for the commodity demand than we had previously factored in. is seen at 5950 and 6000 levels. Traders are Scrap supply has been very tight this year, advised to sell at higher levels for the day especially in China where imports have shrunk 10% y/y YTD. Subsequently semis producers have been using more cathode and less scrap in their raw material mix," according to Barclays. www.TheEquicom.com +919200009266
  3. 3. BULLION GOLD (5 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 30400, 30550 : - 29800, 29600 : - SELL ON HIGH SILVER (5 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY www.TheEquicom.com +919200009266 : - CONSOLIDATE : - 44900, 45400 : - 43950, 43600 : - SELL ON HIGH HIGH
  4. 4. ENERGY CRUDEOIL (18 DEC.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 5950, 6000 : - 5850, 5770 : - SELL ON HIGH NATURAL GAS (25 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY www.TheEquicom.com +919200009266 : - BULLISH : - 240.00, 244.50 : - 232.00, 229.00 : - BUY ON DIPS
  5. 5. BASE METAL COPPER (29 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -446.50, 450.00 : - 441.00, 436.00 : - SELL ON HIGH LEAD (29 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY www.TheEquicom.com +919200009266 : - CONSOLIDATE : - 131.00, 132.30 : - 128.00, 127.00 : - SELL ON HIGH
  6. 6. ZINC (29 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 118.80, 120.00 : - 115.70, 114.50 : - SELL ON HIGH ALUMINUM (29 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 109.50, 110.50 : - 107.00, 106.00 : - SELL ON HIGH NICKEL (29 NOV.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY www.TheEquicom.com +919200009266 : - CONSOLIDATE : - 850.00, 856.00 : - 836.00, 830.00 : - SELL ON HIGH
  7. 7. GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM 1251.88 20.165 03.215 94.28 03.863 720.60 1386.00 www.TheEquicom.com +919200009266 USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD 62.4600 01.3528 101.517 00.9111 01.6151 01.0535
  8. 8. www.TheEquicom.com +919200009266
  9. 9. DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. TheEquicom recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. TheEquicom does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.TheEquicom.com +919200009266

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