On May 13, 2015, Money Maker Research reported that gold prices exceeded Rs 27,000, closing at Rs 27,167, while advising a buy-on-dips strategy. Crude oil is in a bullish trend with a price of Rs 3,887, expected to rise further, along with a bullish outlook for copper trading between Rs 410 and Rs 420. The document also includes pivot points for various commodities and a disclaimer regarding the reliability of the provided information.

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Daily MCX News letter
13th May 2015
DAILY MCX News letter

2. Money Maker Research Pvt. Ltd.
www.moneymakerfinancial.com
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PRECIOUS METALS:
Gold prices surpassed levels of Rs 27000 per 10 grams and ended the
session at Rs 27167 per 10 grams. The prices tested a high of Rs 27241
per 10 grams and a low of Rs 26860 per 10 grams. Volumes for Gold
were at 19681 against 13524 on Tuesday. For today’s trading session
follow the strategy buy on dips. Keep eye on today’s upcoming data.
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.3887 and made day high at 3935.
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. Yesterdays copper price breaks consolidation and made day
high at 421.40, Copper trend is bullish; made low of Rs 414.80 per kg.
Copper ended the day at Rs 419.35 per kg. For today follow the strategy
buy on dips.
MARKET WRAP

3. Money Maker Research Pvt. Ltd.
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PIVOT POINT
GOLD
SUPPORT1: 26990
SUPPORT2: 26750
RESISTANCE1: 27320
RESISTANCE2: 27550
SILVER
SUPPORT1: 37750
SUPPORT2: 37100
RESISTANCE1: 38900
RESISTANCE2: 39950
CRUDE OIL
SUPPORT1: 3840
SUPPORT2:3795
RESISTANCE1: 3935
RESISTANCE2: 3985
COPPER
SUPPORT1: 415
SUPPORT2: 412
RESISTANCE1: 423
RESISTANCE2: 427

4. Money Maker Research Pvt. Ltd.
www.moneymakerfinancial.com
An ISO 9001-2008 Company
CALL: SELL GOLD JUN BELOW 27060 TARGETS 26960, 26860 STOPLOSS
27260.
PICK OF THE DAY

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An ISO 9001-2008 Company
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