Japan IT Week 2024 Brochure by 47Billion (English)
Daily mcx newsletter 27 dec 2013
1. DAILY MCX NEWSLETTER
DEC.
27-DEC. -2013
THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED
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2. BULLION
India gold futures rose marginally on
Thursday and was seen trading slightly
up. However, still the yellow metal trend
looks sideways to bearish. Gold futures
for February delivery on India's Multi
Commodity Exchange (MCX) was seen
trading with a gain of 0.28% at Rs.28538
per 10 grams as of 16.02 IST on Thursday.
Technically, the trend in MCX gold
futures for February delivery looks
sideways to bearish for the day and intraday traders are advised to sell on rise. For
intra-day, support for the commodity is
seen at 28300 and 28000 levels while
resistance is seen at 28650 and above that
it may test level of 28800, according to our
analyst at Commodity Online.
Intra-day traders may take sell position
near 28450 with the stop loss of 28600 for
the target near 28200 and 28100.
BASE METAL
MCX copper for February delivery was
seen moving up and is expected to
trade with a positive bias during intraday trade. Intra-day support is seen at
464 and 462 levels while resistance is
seen at 470 and 470.5 levels. Traders are
advised to take long position around
466 with the stop loss of 461.5 for the
target of 472.
MCX copper for February delivery was
seen trading with a gain of 0.53% at
Rs.468.25 per kilogram as of 13.49 per
kilogram on Thursday.
Copper futures on MCX recorded an
up-tick supported by slight positive
trend in the base metal prices in the
global market. Optimistic outlook on
Chinese economic growth was also
seen supporting the base metal prices.
Comex copper for March delivery on
electronic platform was seen trading at
$3.377 per pound as of 14.23 IST on
Thursday.
ENERGY
US crude oil was seen trading steady and
above $99 per barrel, near eight week
high on early Thursday amid socio
political unrest in Libya and South Sudan.
Meanwhile, gold prices remained weak in
a thin trade due to economic recovery in
the United States, US stimulus tapering
fears and a firm trend in the global equity
markets.
US gold futures for February delivery on
electronic platform was seen trading with
a gain 0f $1.2 at $1204.5 per troy ounce
as of 08.18 IST while WTI crude oil for
February delivery on NYMEX was seen
trading up 28 cents at $99.50 per barrel
as of 08.19 IST on Thursday.
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3. BULLION
GOLD (5 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: -CONSOLIDATE
: - 28750, 28900
: - 28350, 28100
: - SELL ON HIGH
SILVER (5 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 45100, 45600
: - 44200, 43950
: - SELL ON HIGH HIGH
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4. ENERGY
CRUDEOIL (20 JAN.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 6240, 6290
: - 6150, 6120
: - SELL ON HIGH
NATURAL GAS (28 JAN.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: -BULLISH
: - 279.00, 282. 00
: - 271.00, 267.00
: - BUY ON DIPS
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5. BASE METAL
COPPER (28 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: -473.50, 477.00
: - 466.50, 461.50
: - BUY ON DIPS
LEAD (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 141.50, 143.50
: - 136.50, 135.00
: - BUY ON DIPS
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6. ZINC (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 133.00, 135.00
: - 128.50, 126.00
: - BUY ON DIPS
ALUMINUM (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 108.50, 110.00
: - 105.00, 104.00
: - SELL ON HIGH
NICKEL (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 887.00, 894.00
: - 871.00, 864.00
: - SELL ON HIGH
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