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Daily mcx newsletter 22 aug 2013

Today Commodity Stock market is the place where commodities are traded in futures or spot trading, these commodities are traded in two main exchanges as MCX and NCDEX. Trading takes place in both of these exchanges for the commodities like gold, crude, MCX Copper Tips

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MCX NEWSLETTER
Daily MCX Newsletter
22-AUG-2013
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22-AUG-2013
MCX NEWSLETTER- DAILY
Daily MCX Newsletter
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DAILY
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MARKET WRAP
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BULLION
Is there more weakness in store for gold? Probably yes.
Lower gold prices have failed to attract buyers, which
may lead to further downfall in the yellow metal. Gold
has fallen as much as $140 an ounce in recent trades, due
to worries over the potential winding down of the U.S.
Federal Reserve's $85 billion monthly bond purchases. In
the London Metal Exchange (LME), gold for immediate
delivery fell 0.4% to $1,247.66 an ounce on Thursday.
Prices, which rose 0.8% yesterday, slumped to $1,180.50
on June 28, the lowest since August 2010.
In the US, gold for August delivery fell 0.4% to $1,246.60
on the Comex in New York, where floor trading is shut
today for Independence Day, following yesterday’s 0.7%
gain. A US employment data will decide the future trend
for Federal Reserve’s plans to bring down stimulus. This
may further decide the future trend for gold.
Gold fell to $1,180.71 in June, lowest since August 2010,
after indications from the Fed that it could curtail its
stimulus programme in the next few months, earlier than
expected. Fed announced series of bond buying
programs after financial crisis of 2008. This helped gold
prices to increase the safe-haven appeal of gold as a
hedge against inflation, driving prices to a record above
$1,900 an ounce in September 2011. However, the lower
prices have failed to woo buyers in Asia and elsewhere as
consumers expect a further drop. As per a Reuters
report, sales of gold coins and bars at the Perth Mint
nearly halved in June from May, reflecting a slowing
appetite for bullion despite prices being near three-year
lows.
MARKET NEWS
Copper prices in both domestic and global market are
witnessing negative trend due to concerns over global
economic recovery. Copper is expected to trade less
volatile as US markets are closed for the day on
account of Independence Day.
consumer, has indicated sings of slowdown in
industrial production. In addition, copper inventories
are well over 600,000 tons, which is high on a historic
basis.
which may create stockpiles of copper
further pressurizing the prices. People are worried
that China, which really drives a lot of the metal
Eurostat is scheduled to release its data on Eurozone
Quarterly Gross Domestic Product at 02.30 PM
today.
release its decision on interest rate at 05.15 PM IST
which is followed by president Mario Draghi's speech
at 06.00 PM IST today. The base metal investors may
get trading clues from the speech for the
US Non
at 06.00 PM IST on Friday by which investors are
expected to get clues on the health of the world's
largest economy.
unemployment insurance weekly claims was 343,000,
a decrease of 5,000 from the previous week's revised
figure of 348,000, according to the data released by
+919200009266
Oil prices fell on Thursday after the military
Egypt. The prices had surged by 3%
two days. The price of US crude had hit a 14
on Wednesday on concerns over political turmoil in
Egypt, as well as rising US oil demand.
crude fell two cents to below
crude dropped 36 cents to $105.40.
Analysts believe that the crude oil prices would further
soften as the tension along the Suez canal has eased.
Also, US stock piles have further put pressure on the
But the gap b
benchmarks continued to narrow. ICE Brent for August
was down 62 cents, or 0.59%, at $105.14.
August was down 44 cents, or 0.43%, at $100.80
trading above the $100 mark, having climbed above the
symbolic leve
The U.S. markets will be closed later for the
Independence Day public holiday.
A Wall Street Journal report stated that U.S. benchmark
West Texas International, or WTI, had a lot to do with the
easing of the glu
that has kept prices depressed. When there is a lot of oil
available, supply fears recede and the price remains low,
but now oil is leaving the facility more quickly.
futures continued making headway ove
trading session with ICE Brent gaining 1.69% [day on day]
to settle at $105.76 per barrel while Nymex WTI settled
above the $100 per barrel mark for the first time in 14
months," wrote analysts at JBC Markets.
BASE METAL
Copper prices in both domestic and global market are
witnessing negative trend due to concerns over global
economic recovery. Copper is expected to trade less
volatile as US markets are closed for the day on
account of Independence Day. China being the largest
consumer, has indicated sings of slowdown in
industrial production. In addition, copper inventories
are well over 600,000 tons, which is high on a historic
basis. China’s manufacturing numbers are weakening,
which may create stockpiles of copper, thereby
further pressurizing the prices. People are worried
that China, which really drives a lot of the metal
stories, is not growing as fast as expected.
Eurostat is scheduled to release its data on Eurozone
Quarterly Gross Domestic Product at 02.30 PM IST
today. European Central Bank (ECB) is scheduled to
release its decision on interest rate at 05.15 PM IST
which is followed by president Mario Draghi's speech
at 06.00 PM IST today. The base metal investors may
get trading clues from the speech for their further
trading.
US Non-farm pay roll data is scheduled to be released
at 06.00 PM IST on Friday by which investors are
expected to get clues on the health of the world's
largest economy. In the week ending June 29, the
advance figure for seasonally adjusted US
unemployment insurance weekly claims was 343,000,
a decrease of 5,000 from the previous week's revised
figure of 348,000, according to the data released by
the US Department of Labor.
ENERGY
Oil prices fell on Thursday after the military coup in
Egypt. The prices had surged by 3%-5% over the previous
two days. The price of US crude had hit a 14-month high
on Wednesday on concerns over political turmoil in
Egypt, as well as rising US oil demand. US light sweet
crude fell two cents to below $101 a barrel, and Brent
crude dropped 36 cents to $105.40.
Analysts believe that the crude oil prices would further
soften as the tension along the Suez canal has eased.
Also, US stock piles have further put pressure on the
crude oil prices.
But the gap between the US and European oil
benchmarks continued to narrow. ICE Brent for August
was down 62 cents, or 0.59%, at $105.14. Nymex for
August was down 44 cents, or 0.43%, at $100.80--still
trading above the $100 mark, having climbed above the
symbolic level yesterday for the first time in 14 months.
The U.S. markets will be closed later for the
Independence Day public holiday.
A Wall Street Journal report stated that U.S. benchmark
West Texas International, or WTI, had a lot to do with the
easing of the glut at the U.S. oil storage facility in Cushing
that has kept prices depressed. When there is a lot of oil
available, supply fears recede and the price remains low,
but now oil is leaving the facility more quickly. "Crude
futures continued making headway over yesterday's
trading session with ICE Brent gaining 1.69% [day on day]
to settle at $105.76 per barrel while Nymex WTI settled
above the $100 per barrel mark for the first time in 14
months," wrote analysts at JBC Markets.
www.TheEquicom.com +919200009266
TECHNICAL
VIEW
+919200009266
GOLD (5 OCT)
OUTLOOK:
TREND : -CONSOLIDATE
RESISTANCE : - 31550, 31800
SUPPORT : - 30850, 30625
STRATEGY : - BUY ON DIPS
SILVER (5 SEP)
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 51725, 52200
SUPPORT : - 50250,49160
STRATEGY : - BUY ON DIPS
BULLION
CONSOLIDATE
800
625
BUY ON DIPS
CONSOLIDATE
2200
49160
BUY ON DIPS
www.TheEquicom.com +919200009266+919200009266
ENERGY
CRUDEOIL (19 SEP)
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 6800, 6850
SUPPORT : - 6635, 6520
STRATEGY : - BUY ON DIPS
NATURAL GAS (27 AUG
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 229.30, 238.80
SUPPORT : - 216.20, 210.70
STRATEGY : - BUY ON DIPS
7 AUG)
www.TheEquicom.com +919200009266
BASE METAL
+919200009266
BASE METAL
COPPER (30 AUG.)
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 472.95, 475
SUPPORT : - 465, 460.60
STRATEGY : - BUY ON DIPS
LEAD (30 AUG)
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 143.30, 147.80
SUPPORT : - 140.40, 137.50
STRATEGY : - BUY ON DIPS

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Daily mcx newsletter 22 aug 2013

  • 1. www.TheEquicom.com +919200009266 MCX NEWSLETTER Daily MCX Newsletter 22-AUG-2013 +919200009266 22-AUG-2013 MCX NEWSLETTER- DAILY Daily MCX Newsletter www.TheEquicom.com +919200009266 DAILY
  • 2. www.TheEquicom.com +919200009266 MARKET WRAP +919200009266 GET FINANCIAL & INVESTMENT PLANNING ADVICE FROM US TO MANAGE YOUR MONEY WISELY.
  • 3. www.TheEquicom.com +919200009266 BULLION Is there more weakness in store for gold? Probably yes. Lower gold prices have failed to attract buyers, which may lead to further downfall in the yellow metal. Gold has fallen as much as $140 an ounce in recent trades, due to worries over the potential winding down of the U.S. Federal Reserve's $85 billion monthly bond purchases. In the London Metal Exchange (LME), gold for immediate delivery fell 0.4% to $1,247.66 an ounce on Thursday. Prices, which rose 0.8% yesterday, slumped to $1,180.50 on June 28, the lowest since August 2010. In the US, gold for August delivery fell 0.4% to $1,246.60 on the Comex in New York, where floor trading is shut today for Independence Day, following yesterday’s 0.7% gain. A US employment data will decide the future trend for Federal Reserve’s plans to bring down stimulus. This may further decide the future trend for gold. Gold fell to $1,180.71 in June, lowest since August 2010, after indications from the Fed that it could curtail its stimulus programme in the next few months, earlier than expected. Fed announced series of bond buying programs after financial crisis of 2008. This helped gold prices to increase the safe-haven appeal of gold as a hedge against inflation, driving prices to a record above $1,900 an ounce in September 2011. However, the lower prices have failed to woo buyers in Asia and elsewhere as consumers expect a further drop. As per a Reuters report, sales of gold coins and bars at the Perth Mint nearly halved in June from May, reflecting a slowing appetite for bullion despite prices being near three-year lows. MARKET NEWS Copper prices in both domestic and global market are witnessing negative trend due to concerns over global economic recovery. Copper is expected to trade less volatile as US markets are closed for the day on account of Independence Day. consumer, has indicated sings of slowdown in industrial production. In addition, copper inventories are well over 600,000 tons, which is high on a historic basis. which may create stockpiles of copper further pressurizing the prices. People are worried that China, which really drives a lot of the metal Eurostat is scheduled to release its data on Eurozone Quarterly Gross Domestic Product at 02.30 PM today. release its decision on interest rate at 05.15 PM IST which is followed by president Mario Draghi's speech at 06.00 PM IST today. The base metal investors may get trading clues from the speech for the US Non at 06.00 PM IST on Friday by which investors are expected to get clues on the health of the world's largest economy. unemployment insurance weekly claims was 343,000, a decrease of 5,000 from the previous week's revised figure of 348,000, according to the data released by +919200009266 Oil prices fell on Thursday after the military Egypt. The prices had surged by 3% two days. The price of US crude had hit a 14 on Wednesday on concerns over political turmoil in Egypt, as well as rising US oil demand. crude fell two cents to below crude dropped 36 cents to $105.40. Analysts believe that the crude oil prices would further soften as the tension along the Suez canal has eased. Also, US stock piles have further put pressure on the But the gap b benchmarks continued to narrow. ICE Brent for August was down 62 cents, or 0.59%, at $105.14. August was down 44 cents, or 0.43%, at $100.80 trading above the $100 mark, having climbed above the symbolic leve The U.S. markets will be closed later for the Independence Day public holiday. A Wall Street Journal report stated that U.S. benchmark West Texas International, or WTI, had a lot to do with the easing of the glu that has kept prices depressed. When there is a lot of oil available, supply fears recede and the price remains low, but now oil is leaving the facility more quickly. futures continued making headway ove trading session with ICE Brent gaining 1.69% [day on day] to settle at $105.76 per barrel while Nymex WTI settled above the $100 per barrel mark for the first time in 14 months," wrote analysts at JBC Markets. BASE METAL Copper prices in both domestic and global market are witnessing negative trend due to concerns over global economic recovery. Copper is expected to trade less volatile as US markets are closed for the day on account of Independence Day. China being the largest consumer, has indicated sings of slowdown in industrial production. In addition, copper inventories are well over 600,000 tons, which is high on a historic basis. China’s manufacturing numbers are weakening, which may create stockpiles of copper, thereby further pressurizing the prices. People are worried that China, which really drives a lot of the metal stories, is not growing as fast as expected. Eurostat is scheduled to release its data on Eurozone Quarterly Gross Domestic Product at 02.30 PM IST today. European Central Bank (ECB) is scheduled to release its decision on interest rate at 05.15 PM IST which is followed by president Mario Draghi's speech at 06.00 PM IST today. The base metal investors may get trading clues from the speech for their further trading. US Non-farm pay roll data is scheduled to be released at 06.00 PM IST on Friday by which investors are expected to get clues on the health of the world's largest economy. In the week ending June 29, the advance figure for seasonally adjusted US unemployment insurance weekly claims was 343,000, a decrease of 5,000 from the previous week's revised figure of 348,000, according to the data released by the US Department of Labor. ENERGY Oil prices fell on Thursday after the military coup in Egypt. The prices had surged by 3%-5% over the previous two days. The price of US crude had hit a 14-month high on Wednesday on concerns over political turmoil in Egypt, as well as rising US oil demand. US light sweet crude fell two cents to below $101 a barrel, and Brent crude dropped 36 cents to $105.40. Analysts believe that the crude oil prices would further soften as the tension along the Suez canal has eased. Also, US stock piles have further put pressure on the crude oil prices. But the gap between the US and European oil benchmarks continued to narrow. ICE Brent for August was down 62 cents, or 0.59%, at $105.14. Nymex for August was down 44 cents, or 0.43%, at $100.80--still trading above the $100 mark, having climbed above the symbolic level yesterday for the first time in 14 months. The U.S. markets will be closed later for the Independence Day public holiday. A Wall Street Journal report stated that U.S. benchmark West Texas International, or WTI, had a lot to do with the easing of the glut at the U.S. oil storage facility in Cushing that has kept prices depressed. When there is a lot of oil available, supply fears recede and the price remains low, but now oil is leaving the facility more quickly. "Crude futures continued making headway over yesterday's trading session with ICE Brent gaining 1.69% [day on day] to settle at $105.76 per barrel while Nymex WTI settled above the $100 per barrel mark for the first time in 14 months," wrote analysts at JBC Markets.
  • 4. www.TheEquicom.com +919200009266 TECHNICAL VIEW +919200009266 GOLD (5 OCT) OUTLOOK: TREND : -CONSOLIDATE RESISTANCE : - 31550, 31800 SUPPORT : - 30850, 30625 STRATEGY : - BUY ON DIPS SILVER (5 SEP) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 51725, 52200 SUPPORT : - 50250,49160 STRATEGY : - BUY ON DIPS BULLION CONSOLIDATE 800 625 BUY ON DIPS CONSOLIDATE 2200 49160 BUY ON DIPS
  • 5. www.TheEquicom.com +919200009266+919200009266 ENERGY CRUDEOIL (19 SEP) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 6800, 6850 SUPPORT : - 6635, 6520 STRATEGY : - BUY ON DIPS NATURAL GAS (27 AUG OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 229.30, 238.80 SUPPORT : - 216.20, 210.70 STRATEGY : - BUY ON DIPS 7 AUG)
  • 6. www.TheEquicom.com +919200009266 BASE METAL +919200009266 BASE METAL COPPER (30 AUG.) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 472.95, 475 SUPPORT : - 465, 460.60 STRATEGY : - BUY ON DIPS LEAD (30 AUG) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 143.30, 147.80 SUPPORT : - 140.40, 137.50 STRATEGY : - BUY ON DIPS
  • 7. www.TheEquicom.com +919200009266+919200009266 ZINC (30 AUG) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 125.80, 130 SUPPORT : - 122.20, 118.80 STRATEGY : - BUY ON DIPS ALUMINUM (30 AUG OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 120.90, 124.25 SUPPORT : - 117.55, 114.60 STRATEGY : - BUY ON DIPS NICKEL (30 AUG) OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 938.80, 947.50 SUPPORT : - 923.10, 911.10 STRATEGY : - BUY ON DIPS 0 AUG)
  • 8. www.TheEquicom.com +919200009266 GOLD 1361 SILVER 22.775 COPPER 03.331 CRUDE OIL 103.7 NATURAL GAS 03.4 PALLADIUM 746.5 PLATINUM 1512. INTERNATIONAL MARKET +919200009266 1.41 775 31 70 470 50 . 00 USDINR 6 EURUSD 0 USDJPY 9 USDCHF 00.9 GBPUSD 01.5 USDCAD 01.0 IONAL 64.1100 01.3339 98.2600 00.9244 01.5619 01.0493
  • 10. www.TheEquicom.com +919200009266 Disclaimer The information and views in this report, our website & all the service we provide are accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui them the most. Sincere efforts have been made to present the right investment perspective 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, 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 fi not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule and regulations of NSE and BSE. The share price projections shown are not necessarily indicativ 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 his free will and does not read any views expressed as a anyone can be held responsible for . Any surfing and reading of the information is the ac 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. whatsoever for any financial profits or purport to be an invitation or an offer to buy or sell any financial instrument. 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. +919200009266 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 sui 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 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 rule 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 for . Any surfing and reading of the information is the acceptance of this disclaimer. 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 or loss which may arise from the recommendations above. purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or orward 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. 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 . The information contained herein is based on while making investment decision. The report does not made investment advice. TheEquicom recommends that investors independently evaluate nancial adviser. TheEquicom shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules e 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 is browsing through the site has done so at site or its owners or ceptance of this disclaimer. we are not responsible for any loss incurred the recommendations above. TheEquicom does not Our Clients (Paid Or Unpaid), Any third party or orward or share our calls or SMS or Report or Any Information Provided by us to/with anyone