Daily MCX Newsletter Provides Market Analysis and Trading Strategies

www.TheEquicom.com +919200009266
25th APRIL’2013
www.TheEquicom.com
+919200009266
Daily MCX Newsletter
25th
April’2013
MCX NEWSLETTER- DAILY

MARKET WRAP

Spot gold fell USD 2.14 an ounce to
USD 1,428.66 by 0045 GMT. Gold sank
a combined USD 225 on April 12 and
15 in a sell-off that surprised ardent
gold investors and bulls.
US gold was at USD 1,428.10 an
ounce, up USD 4.40.
SPDR Gold Trust, the world's largest
gold-backed exchange-traded fund,
said its holdings fell 0.38 percent to
1092.98 tonnes on Wednesday from
1097.19 tonnes on Tuesday. The
current holdings are at multi-year
lows.
Barrick Gold Corp, making a painful
adjustment to a sustained slump in
bullion prices, reported progress in
controlling costs on Wednesday and
said it planned further cuts in capital
spending, sending its shares higher.
MARKET NEWS
Gold inched lower on Thursday,
hovering below a 1-week high hit
earlier this week, as firm equities
sapped interest in the precious
metal, which has seen steady
outflows on exchange-traded funds.
Gild shrugged off news the Russian
Federation raised its gold reserve for
a fifth straight month in March and
Turkey added to its holdings for a
fourth month.
Billionaire investor John Paulson told
investors on Wednesday he is staying
the course on gold even though
there may be more short-term
volatility in the price of the metal.
Asian shares edged higher on
Thursday, supported by views that
the recent run of weak global
economic data will encourage major
central banks to keep or deepen
their monetary stimulus to bolster
growth.
US crude futures extended gains for
a sixth day on Thursday after rising
2.5 percent a day earlier, supported
by a big drop in US gasoline
inventories and speculation that a
glut of crude at the Cushing,
Oklahoma hub could soon ease.

SILVER
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 43500, 44200
SUPPORT : - 43750, 42800
STRATEGY : - BUY ON DIPS
BULLION
GOLD
OUTLOOK:
RESISTANCE : - 26550, 26800
SUPPORT : - 25700, 25250
TECHNICAL
VIEW

CRUDEOIL
OUTLOOK:
RESISTANCE : - 5000, 5050
SUPPORT : - 4920, 4850
NATURAL GAS
OUTLOOK:
SUPPORT : - 225, 220
STRATEGY : - SELL ON HIGHS
ENERGY

BASE METAL
COPPER
OUTLOOK:
SUPPORT : - 374, 368
LEAD
OUTLOOK:
RESISTANCE : - 111.50, 112.50
SUPPORT : - 109.50, 108

ZINC
OUTLOOK:
RESISTANCE : - 103.75, 104.50
SUPPORT : - 101.00, 99.60
ALUMINUM
OUTLOOK:
RESISTANCE : - 103.00, 104.70
SUPPORT : - 100.50, 99.50
STRATEGY : - SELL ON HIGH
NICKEL
OUTLOOK:
SUPPORT : - 815, 805

GOLD 1444.30
SILVER 23.29
COPPER 3.1920
CRUDE OIL 91.84
NATURAL GAS 4.191
PALLADIUM 673.35
PLATINUM 1437.50
USDINR 54.2700
EURUSD 01.3050
USDJPY 99.4300
USDCHF 00.9454
GBPUSD 01.5323
USDCAD 01.0237
INTERNAIONAL
MARKET

ECONOMIC
CALANDER

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