Daily mcx newsletter 08 july 2014

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Daily mcx newsletter 08 july 2014

  1. 1. www.TheEquicom.com 09200009266 1 PPP P 08- JULY-2014 DAILY MCX NEWSLETTER www.TheEquicom.com 09200009266
  2. 2. www.TheEquicom.com 09200009266 2 BULLION: Silver prices have gained 7.9% year-to-date in 2014 and rallied 2% last week tracking gold and growth in industrial demand. ETF securities Ltd (ETFS) in a weekly report said that on a 12-month basis silver has rallied 13.1% surpassed only by palladium which rose 30.5%. Prior to the 2008 crisis, the ratio of gold to silver was about 50. It spiked to near 84 during the 2008/9 crisis and declined to near 32 in 2011. Due to its larger industrial demand base, absent a stumble in the global economy, the ratio of gold to silver is likely to continue to decline, ETFS said. ENERGY: Brent Crude continued lower to good trend line support at 110.70 & short term Fibonacci support at 110.40/35. We forecast a good chance of a bounce from here & exactly as predicted prices bottomed within this range at 110.53. Immediate resistance at 111.40 & we should struggle here this morning but above here perhaps later in the day is more positive & can target 111.80/85 which could hold a move higher. However above meets tricky resistance at 112.10/15 then a selling opportunity at 112.40/45. BASE METAL: WTO members noted that China needed to rebalance its growth, which had been traditionally nurtured by investment and had heavily relied on directed credit availability. China remains a large recipient of foreign direct investment (FDI). FDI inflows reached US$117.6 billion in 2013. The main sectors attracting FDI are manufacturing, real estate, and wholesale and retail trade.
  3. 3. www.TheEquicom.com 09200009266 3 GOLD (5 AUG.) SILVER (5 SEP.) BULLION OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 45200, 45500 SUPPORT : - 44500, 44200 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 27750, 27900 SUPPORT : - 27300, 27100 STRATEGY : - SELL ON HIGH
  4. 4. www.TheEquicom.com 09200009266 4 CRUDEOIL (21 JULY) NATURAL GAS (28 JULY) ENERGY OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 260.00, 265.00 SUPPORT : - 250.00, 240.00 STRATEGY : - SELL ON HIGH OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6260, 6320 SUPPORT : - 6150, 6100 STRATEGY : - SELL ON HIGH
  5. 5. www.TheEquicom.com 09200009266 5 COPPER (29 AUG.) LEAD (31 JULY) BASE METAL OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 131.40, 132.70 SUPPORT : - 129.20, 128.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 438.00, 442.00 SUPPORT : - 430.00, 425.00 STRATEGY : - BUY ON DIPS
  6. 6. www.TheEquicom.com 09200009266 6 ZINC (31 JULY) ALUMINUM (31 JULY) NICKEL (31 JULY) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 1165.00, 1180.00 SUPPORT : - 1150.00, 1140.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 115.10, 116.00 SUPPORT : - 113.00, 112.00 STRATEGY : - BUY ON DIPS OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 136.50, 137.50 SUPPORT : - 133.50, 132.50 STRATEGY : - BUY ON DIPS
  7. 7. www.TheEquicom.com 09200009266 7 GOLD 1320.54 SILVER 21.124 COPPER 3.267 CRUDEOIL 103.78 PALLANDIUM 865.30 PLATINUM 1501.07 USDINR 60.1475 EURUSD 01.3602 USDJPY 101.810 USDCHF 00.8934 GBPUSD 01.7131 USDCAD 01.0685
  8. 8. www.TheEquicom.com 09200009266 8
  9. 9. www.TheEquicom.com 09200009266 9 DISCLAIMER The information and views 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 and 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.

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