Weekly mcx newsletter 02 june 2014


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Weekly mcx newsletter 02 june 2014

  1. 1. www.TheEquicom.com +919200009266 02ND TO 07TH JUNE’2014
  2. 2. www.TheEquicom.com +919200009266 Gold fell almost 1 per cent to a near four- month low on Friday, extending its losing streak a fourth consecutive day, weighed down by book squaring ahead of month end and selling by commodity funds. For the week, gold lost about 3.5 per cent for its worst decline since late November 2013. Heavy technical selling throughout the week sent bullion prices below $1,250 for the first time since Feb. 4. Analysts noted a breakdown of gold's usual inverse correlation with US bond yields. Yields on 10-year US Treasuries fell sharply this week to hit their lowest in 11 months. Spot gold was down 0.7 per cent at $1,247.10 US gold futures for August delivery settled down $11.10 an ounce at $1,246. BULLION
  3. 3. www.TheEquicom.com +919200009266 Brent crude oil prices are expected to drop sharply in the second half of this year as ample supply and tepid demand offset worries over political risks, a Reuters poll of analysts showed on Friday. Brent crude oil will average $105.90 a barrel in 2014, the Reuters monthly survey of 28 analysts projected, significantly below the $108.19 average seen so far this year. The benchmark is expected to continue to slide over the next two years, averaging $102.50 per barrel in 2015 and $100.50 in 2016, according to the poll. Brent averaged $108.70 in 2013. In order to average $105.90 for 2014, Brent would need to drop sharply to an average of $104.26 a barrel for the remaining seven months of this year. That is nearly $6 below the current market level of around $110 a barrel. Analysts forecast US light, sweet crude, also known as West Texas Intermediate or WTI, would average $98.70 a barrel in 2014, slightly above the $98.05 average in 2013. WTI has averaged $99.93 so far this year. . ENERGY
  4. 4. www.TheEquicom.com +919200009266 China has aggressively started scouting for copper assets again to meet its seemingly insatiable demand for concentrates as more capacity comes on line and refined copper imports diminish, according to SNL Metals and Mining. China government has also relaxed norms for overseas deals with those under US $1 bn not requiring prior approval. Previously, any deal valued at more than US$100 million had to be submitted to China's National Development and Reform Commission. Even more important in driving the current trend is the fall in copper and some other metals pricings: Long-term assets now can be gained at prices that may seem relatively cheap. BASEMETAL
  5. 5. www.TheEquicom.com +919200009266 OUTLOOK: TREND : - BEARISH RESISTANCE : - 27300, 27700 SUPPORT : - 26400, 26000 STRATEGY : - SELL ON HIGH GOLD (5 JUN.)
  6. 6. www.TheEquicom.com +919200009266 OUTLOOK: TREND : - BEARISH RESISTANCE : - 40500, 41300 SUPPORT : - 39000, 382 00 STRATEGY : - SELL ON HIGH SILVER (5 JULY.)
  7. 7. www.TheEquicom.com +919200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6200, 6300 SUPPORT : - 6000, 5900 STRATEGY : - BUY ON DIPS CRUDEOIL (19 JUN)
  8. 8. www.TheEquicom.com +919200009266 OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 419.00, 425.00 SUPPORT : - 402.00, 395.00 STRATEGY : - SELL ON HIGH COPPER (30 JUN.)
  9. 9. www.TheEquicom.com +919200009266 GOLD 1249.21 SILVER 19.792 COPPER 3.131 CRUDE OIL 102.83 NATURAL GAS 4.546 PALLADIUM 834.90 PLATINUM 1450.70 USDINR 59.2800 EURUSD 01.3633 USDJPY 101.729 USDCHF 00.8950 GBPUSD 01.6758 USDCAD 01.0845
  10. 10. www.TheEquicom.com +919200009266
  11. 11. www.TheEquicom.com +919200009266
  12. 12. www.TheEquicom.com +919200009266
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  14. 14. www.TheEquicom.com +919200009266
  15. 15. www.TheEquicom.com +919200009266 SCRIPT R3 R2 R1 P S1 S2 S3 GOLD 28400 27900 27400 27000 26400 26000 25500 SILVER 42400 41800 40700 40100 39000 38400 37300 CRUDEOIL 6350 6250 6200 6100 6050 5950 5900 COPPER 425.50 422 416.50 413 407.50 404 398 LEAD 129 127.50 125.50 124 122 120.50 118.50 ZINC 127 125.50 124 122 120.50 119 117.50 ALIMINUM 115 112 110 107 105 102 100 NICKEL 1238.50 1204 1174 1139.50 1110 1075 1045 NATURAL GAS 298 287 279 268 260 248 241
  16. 16. www.TheEquicom.com +919200009266 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 & 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.