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Daily mcx newsletter 27 dec 2013
The document provides a daily newsletter on commodity market trends and trading strategies. It summarizes movements in gold, silver, copper, crude oil, and natural gas. It notes that gold and copper futures rose marginally while crude oil was steady above $99 per barrel. The newsletter recommends selling gold on highs and buying dips in copper and natural gas. Overall trading strategies focus on consolidating trends across commodities.
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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 www.TheEquicom.com 09200009266 www.TheEquicom.com +919200009266 1
- 2. BULLION India gold futuresrose 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. www.TheEquicom.com +919200009266 2
- 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 www.TheEquicom.com +919200009266 3
- 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 www.TheEquicom.com +919200009266 4
- 5. BASE METAL COPPER (28FEB.) 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 www.TheEquicom.com +919200009266 5
- 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 www.TheEquicom.com +919200009266 6
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- 9. DISCLAIMER The information andviews 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 9