The document is a daily newsletter from TheEquicom providing analysis and recommendations on commodities markets. It discusses movements in gold, copper, and energy markets. For gold, it notes prices were little changed but at four-month highs due to geopolitical risks. Copper struggled on concerns over China's slowing economy. Energy markets were mixed, with natural gas seeing extreme volatility but oil supported by cold weather raising refinery demand. The newsletter provides technical analysis and trading strategies for various commodities.

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DAILY MCX NEWSLETTER
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04 - MAR.-2014
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2. BULLION:
Gold held near its strongest level in four months on Tuesday after Russia's military intervention
in Ukraine prompted safe-haven buyer as investors ditched assets perceived as riskier such as
equities.
Spot gold was little changed at $1,349.96/ounce.
Spot gold's target revised to $1,320-technicals * Coming Up: U.S. Pending homes sales; 1500 GMT
(Updates prices) By Lewa Pardomuan SINGAPORE, Feb 28 - Gold was little changed on Friday
but was on track for its biggest monthly gain since July after investors and speculators chased
prices higher on concerns about the pace of the U.S. economy and unrest in Ukraine. Recent gains,
though, may be hard to sustain in the absence of strong physical buying. And expectations
BASE METAL:
Copper struggled and ended near the lowest in more than two months after concerns over China's
slowing growth. The recent weakness of the Yuan may reduce demand for the metal, both from
commercial buyers and those using the metal to obtain finance from sources other than regular
banks from which lending has become much more difficult to obtain.
ENERGY:
The energy sector was mixed, with natural gas receiving much of the attention considering the
extreme volatility witnessed during February. In the end, the price ended up almost unchanged on
the month but not before jumping by more than one quarter and then collapsing the most it has ever
done in one week since 1996. WTI Crude received support from the unseasonable cold weather,
which raised refinery demand above the seasonal norm. Improved pipeline infrastructure from the
US Midwest to the Gulf of Mexico led to a 14 percent reduction in inventories at Cushing, the
delivery hub for WTI Crude futures in New York, and this supported the relative outperformance
over Brent with the spread narrowing by more than USD.
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3. BULLION
GOLD (5 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - BULLISH
: - 30670, 30800
: - 30480, 30300
: - BUY ON DIPS
SILVER (5 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - BULLISH
: - 47380, 47500
: - 46950, 46700
: - BUY ON DIPS
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4. ENERGY
CRUDEOIL (19 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 6550, 6600
: - 6450, 6400
: - BUY ON DIPS
NATURAL GAS (26 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 290.00, 300.00
: - 280.00, 275.00
: - SELL ON HIGH
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5. BASE METAL
COPPER (30 APR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 442.00, 445.00
: - 438.00, 435.00
: - SELL ON HIGH
LEAD (31 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 132.00, 133.00
: - 130.50, 129.50
: - SELL ON HIGH
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6. ZINC (31 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 130.50, 131.50
: - 128.50, 127.50
: - SELL ON HIGH
ALUMINUM (31 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 106.50, 107.50
: - 105.50, 104.50
: - SELL ON HIGH
NICKEL (31 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 915.00, 925.00
: - 900.00, 885.00
: - SELL ON HIGH
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7. GOLD
SILVER
COPPER
CRUDEOIL
PALLANDIUM
PLATINUM
USDINR
EURUSD
USDJPY
USDCHF
GBPUSD
USDCAD
1348.96
21.408
3.170
104.68
747.20
1451.10
62.4400
01.3728
101.593
00.8839
01.6655
01.1096
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