10TH TO 15TH MARCH.’2014

www.TheEquicom.com +919200009266
BULLION
With the US adding just 16200 jobs in the
nonfarm sector, the futures of crude oil
closed lower on the Nymex on Fr...
ENERGY
Crude oil prices in the global market were seen
trading positive on strong manufacturing data
from Europe, the Unit...
BASEMETAL
The trend in copper futures for August
delivery on India's Multi Commodity
Exchange (MCX) is bullish and expecte...
GOLD (5 APR.)
OUTLOOK:
TREND

: - CONSOLIDATE

RESISTANCE

: - 30500, 30900

SUPPORT

: - 29900, 29400

STRATEGY

: - BUY ...
SILVER (5 MAY.)
OUTLOOK:
TREND

: - CONSOLIDATE

RESISTANCE

: - 47400, 48300

SUPPORT

: - 45400, 44500

STRATEGY

: - BU...
CRUDEOIL (19 MAR)
OUTLOOK:
TREND

: - CONSOLIDATE

RESISTANCE : - 6450, 6550
SUPPORT

: - 6150, 6050

STRATEGY

: - BUY ON...
COPPER (28 APR.)
OUTLOOK:
TREND

: - CONSOLIDATE

RESISTANCE

: - 432.00, 446.00

SUPPORT

: - 412.00, 400.00

STRATEGY

:...
GOLD
SILVER
COPPER
CRUDE OIL
NATURAL GAS
PALLADIUM
PLATINUM

1333.40
20.860
3.100
102.50
4.630
775.00
1475.70

www.TheEqui...
www.TheEquicom.com +919200009266
www.TheEquicom.com +919200009266
www.TheEquicom.com +919200009266
www.TheEquicom.com +919200009266
SCRIPT

R3

R2

R1

P

S1

S2

S3

GOLD

31300

31000

30500

30200

29800

29500

29000

SILVER

49900

49000

47600

467...
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable,...
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Weekly mcx newsletter 10 mar 2014

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Weekly mcx newsletter 10 mar 2014

  1. 1. 10TH TO 15TH MARCH.’2014 www.TheEquicom.com +919200009266
  2. 2. BULLION With the US adding just 16200 jobs in the nonfarm sector, the futures of crude oil closed lower on the Nymex on Friday. The data stoked gold futures higher and pulled the commodity out of a distress position and helped it cross the $1300 mark. “Earlier this week we saw economic data that pointed towards a recovery, and that coupled with a strong dollar kept gold under pressure,” Tom Power, a senior commodity broker at R.J. O’Brien & Associates in Chicago said to Bloomberg. Gold had gone below the crucial support of $1300 following optimism about the US economy. Meanwhile data suggested that US unemployment rate touched 7.4% in July, according to US labor department. However, the data was not enough to propel crude oil futures further up even as some profit booking too took place. www.TheEquicom.com +919200009266
  3. 3. ENERGY Crude oil prices in the global market were seen trading positive on strong manufacturing data from Europe, the United States and China. Also, Middle East tensions, disruption to crude oil production in Africa and maintenance activity in the North Sea were seen supporting the crude oil prices to certain extent. Concerns over supply disruptions in Iraq, Libya and Nigeria were also supported the prices. Brent crude oil futures traded above $110 per barrel while US crude oil futures crossed $108 per barrel on Friday. US crude oil futures for September delivery on NYMEX were seen trading down by 0.19% at $107.54 per barrel as of 05.41 PM IST on Friday. Meanwhile, the UK Market/CIPS Purchasing Managers’ Index (PMI) for the construction sector offers new hope that the UK economy is improving. UK recorded a strongest construction output growth since June 2010, led by surge in housing activity. www.TheEquicom.com +919200009266
  4. 4. BASEMETAL The trend in copper futures for August delivery on India's Multi Commodity Exchange (MCX) is bullish and expected to trade with the trend for the day, according to our analyst at Commodity Online. “For intra-day, support for the commodity is seen at 425.05 and 422.25 levels while resistance is seen at 432.65 and 434.35 levels,” said John Godson, Technical Analyst at Commodity Online. MCX copper futures for August delivery were seen trading up by 1.14% at Rs.430.50 per kilogram as of 16.38 IST on Friday. Copper futures on Comex edged up on Friday and is seen trading bullish supported by firm global cues. Copper futures for September delivery on Globex platform of Comex was seen trading up by 0.63% at $ 3.185 per pound as of 04.51 PM IST on Friday. On Friday, copper touched to its peak level in more than a week as data releases from the United States, Europe and China shown a positive review on their respective economies. www.TheEquicom.com +919200009266
  5. 5. GOLD (5 APR.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 30500, 30900 SUPPORT : - 29900, 29400 STRATEGY : - BUY ON DIPS www.TheEquicom.com +919200009266
  6. 6. SILVER (5 MAY.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 47400, 48300 SUPPORT : - 45400, 44500 STRATEGY : - BUY ON DIPS www.TheEquicom.com +919200009266
  7. 7. CRUDEOIL (19 MAR) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6450, 6550 SUPPORT : - 6150, 6050 STRATEGY : - BUY ON DIPS www.TheEquicom.com +919200009266
  8. 8. COPPER (28 APR.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 432.00, 446.00 SUPPORT : - 412.00, 400.00 STRATEGY : - SELL ON HIGH www.TheEquicom.com +919200009266
  9. 9. GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM 1333.40 20.860 3.100 102.50 4.630 775.00 1475.70 www.TheEquicom.com +919200009266 USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD 61.0800 01.3860 103.495 00.8797 01.6720 01.1090
  10. 10. www.TheEquicom.com +919200009266
  11. 11. www.TheEquicom.com +919200009266
  12. 12. www.TheEquicom.com +919200009266
  13. 13. www.TheEquicom.com +919200009266
  14. 14. SCRIPT R3 R2 R1 P S1 S2 S3 GOLD 31300 31000 30500 30200 29800 29500 29000 SILVER 49900 49000 47600 46700 45300 44400 43000 CRUDEOIL 6950 6750 6550 6300 6100 5900 5650 COPPER 463 454.50 438 429.50 413 404.50 388 LEAD 138.50 136 132 129.50 125.50 123 119 ZINC 138.50 136 131 128.50 123.50 121 116 ALIMINUM 112.50 111 108.50 107 105 103 101 NICKEL 1007.50 980 958 930.50 909 881.50 859.50 NATURAL GAS 311.50 303 293 285 275 266.50 257 www.TheEquicom.com +919200009266
  15. 15. 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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