The document is a daily newsletter from Money Maker Research Pvt. Ltd. providing updates on various commodities including silver, crude oil, and copper, highlighting price movements and forecasts. HSBC has revised its silver price estimates downward for 2015 and 2016, while the crude oil market shows a bullish trend. Strategies are suggested for trading, including buying on dips for selected commodities.

1. Money Maker Research Pvt. Ltd.
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Daily MCX News letter
12th May 2015
DAILY MCX News letter

2. Money Maker Research Pvt. Ltd.
www.moneymakerfinancial.com
An ISO 9001-2008 Company
PRECIOUS METALS:
Silver jul contract consolidating in a range, made day high at 38137 and closed at
Rs. 37668. According to media reports, HSBC has reduced its silver price forecast
for 2015 and 2016. The bank said that it now expects silver prices to average
$17.05 an ounce in 2015 and $18.25 an ounce for 2016, down from their previous
forecast of $17.65 and $20.50, respectively. At the same time, the bank left its
2017 and long-term forecast unchanged at $12 and $24, respectively. For today’s
trading session follow the strategy buy on dips.
ENERGY
MCX Crude oil may contract is now in bullish trend. For today’s trading session
we are expecting price may go higher side follow the strategy buys on dips. Crude
oil closed at Rs.3788 and made day high at 3763.
BASE METALS
MCX Copper June contract is traded in a range from last week. The range of
copper is in between 410-420. Nearest resistance level at 423.50. Interest rates by
the Chinese policymakers have been slashed soon after it has been realized that it
was necessary to support the ailing economy. The benchmark one-year lending
rate by 25 basis points to 5.10% and the benchmark one-year deposit rate by the
same amount to 2.25%. Copper that shows tremendous response to the
economic news was seen trading minorly lower. Copper trend is bullish; the prices
tested a high of Rs 415.95 per kg and a low of Rs 412 per kg. Copper ended the
day at Rs 413.95 per kg. For today follow the strategy buy on dips.
MARKET WRAP

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PIVOT POINT
GOLD
SUPPORT1: 26640
SUPPORT2: 26400
RESISTANCE1: 27010
RESISTANCE2: 27240
SILVER
SUPPORT1: 37050
SUPPORT2: 36400
RESISTANCE1: 38200
RESISTANCE2: 38850
CRUDE OIL
SUPPORT1: 3740
SUPPORT2:3695
RESISTANCE1: 3845
RESISTANCE2: 3895
COPPER
SUPPORT1: 409
SUPPORT2: 406
RESISTANCE1: 417
RESISTANCE2: 421

4. Money Maker Research Pvt. Ltd.
www.moneymakerfinancial.com
An ISO 9001-2008 Company
CALL: BUY GOLD JUN ABOVE 26960 TARGETS 27060, 27160 STOPLOSS
26760.
PICK OF THE DAY

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www.moneymakerfinancial.com
An ISO 9001-2008 Company
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