www.TheEquicom.com +919200009266
Weekly MCX Newsletter
01st TO06th JULY’2013
Weekly MCX Report
01st
to 06th
JULY’2013
www....
www.TheEquicom.com +919200009266
MARKET WRAP
GOLDGOLDGOLDGOLD SILVERSILVERSILVERSILVER
CRUDEOILCRUDEOILCRUDEOILCRUDEOIL NA...
www.TheEquicom.com +919200009266
BULLION:
With constant slide in the gold prices since last FOMC meet on June 18-19 the pr...
www.TheEquicom.com +919200009266
ENERGY:
Global supply of crude oil is constantly rising year on year. From around 84.34 m...
www.TheEquicom.com +919200009266
BASE METAL:
The trend in copper futures for August delivery on India's Multi Commodity Ex...
www.TheEquicom.com +919200009266
GOLD (5 AUG.):
OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 26700, 27500
SUPPORT : - 25000, ...
www.TheEquicom.com +919200009266
SILVER (05 SEP.):
OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 42100, 44200
SUPPORT : - 3980...
www.TheEquicom.com +919200009266
CRUDEOIL (19 JULY):
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 5875, 6000
SUPPORT : - ...
www.TheEquicom.com +919200009266
COPPER (30 AUG.)
OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 416.00, 427.00
SUPPORT : - 392...
www.TheEquicom.com +919200009266
GOLD 1210.00
SILVER 18.88
COPPER 3.1254
CRUDE OIL 98.80
NATURAL GAS 3.504
PALLADIUM 728.7...
www.TheEquicom.com +919200009266
ECONOMIC
CALANDER
www.TheEquicom.com +919200009266
www.TheEquicom.com +919200009266
SCRIPT R3 R2 R1 P S1 S2 S3
GOLD 29013 28006 26843 25837 24673 23667 22503
SILVER 45160 43...
www.TheEquicom.com +919200009266
Disclaimer
The information and views in this report, our website & all the service we pro...
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Weekly mcx newsletter 01 july 2013

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Weekly mcx newsletter 01 july 2013

  1. 1. www.TheEquicom.com +919200009266 Weekly MCX Newsletter 01st TO06th JULY’2013 Weekly MCX Report 01st to 06th JULY’2013 www.TheEquicom.com +919200009266
  2. 2. www.TheEquicom.com +919200009266 MARKET WRAP GOLDGOLDGOLDGOLD SILVERSILVERSILVERSILVER CRUDEOILCRUDEOILCRUDEOILCRUDEOIL NATURAL GASNATURAL GASNATURAL GASNATURAL GAS COPPERCOPPERCOPPERCOPPER LEADLEADLEADLEAD ZINCZINCZINCZINC ALUMINUMALUMINUMALUMINUMALUMINUMNICKELNICKELNICKELNICKEL
  3. 3. www.TheEquicom.com +919200009266 BULLION: With constant slide in the gold prices since last FOMC meet on June 18-19 the precious metal has no longer been a safety net. As analysts predict, the yellow metal is headed for a further downside. The U.S. Comex gold futures touched a low of $1,196.10 on Thursday, and are heading towards a loss of over 24 % for Q2. Since the recent FOMC meeting on 18-19 June, the gold futures have lost 12%, the S&P 500 index has dropped 2.8 % while the Euro Stoxx 50 index has declined 3 percent. Further, a latest data released from the MNI Chicago Report showed that business activity in the U.S. declined this month. The business barometer fell to 51.6 in June from 58.7 in May, missing the median estimate in a poll of economists. The gauge stayed above the 50 level that separates expansion from contraction. According to Saxo Capital Markets UK, during the same period in 2012 there has been a 288% increase in the amount of gold trades being placed by its subscribers. “We see gold still dropping like a stone on route to the next major technical target of 1150. I think gold will eventually stabilise, but whether we will see a meaningful bounce from here will require a long period of confidence building from central banks, as many investors have been badly hurt,” said Ole Hansen, Head of Commodity Strategy, Saxo Capital. Yet after a decade long rally, gold experienced its biggest fall in value for 30 years in April and again this week tumbling to its lowest level in nearly three years, sparked by the Federal Reserve setting out a time frame for the US central bank to exit its stimulus programme, as well as the threat of heavily indebted Eurozone countries selling their gold reserves. “Volatility in gold options has picked up over the past week. Investors are still nervous about the potential for further losses. This is demonstrated by the fact that put volatility is higher and a majority of the top 10 most-traded strikes are puts,” Hansen. Saxo Capital further maintained that in the long run the outlook for gold remains uncertain. Although in theory the decrease in the price of the precious metal shows an improvement in the global economy, it is still heavily affected by the inflationary policies introduced by the Federal Reserve, European Central Bank and Bank of England.
  4. 4. www.TheEquicom.com +919200009266 ENERGY: Global supply of crude oil is constantly rising year on year. From around 84.34 million barrels per day in 2009, global oil supply is expected to average around 89.88 by the end of 2013, rising by almost 73,000 bpd compared to 2012. Crude oil supply rose by 2.1% in the year 2012 as compared to 2011. The sharp increase in production numbers was mainly achieved by the US which was the main contributor as the domestic production in the nation reached record highs. Further, shale evolution which is underway in the US has resulted in these higher production numbers. Also, OPEC (Organization of Petroleum Exporting Countries) output seen at record levels, remained above the agreed quota by OPEC members throughout the year 2012. On the other hand, global demand is not pretty good. The US, which used to be the top consumer of crude oil, has cut down its oil imports significantly in the recent past. The enduring economic worries in Europe and China’s slowing economic conditions are taking a toll on the demand for crude oil. The pace of China’s oil demand growth appears to be slowing as its economy is struggling with slower growth across sectors. Continued production growth from US tight oil formations and Canadian oil sands have helped the US to reduce its reliance on oil imports. The US is also expected to cut down on imports of crude oil to virtually zero if the pace of shale oil and gas production growth keeps rising and the demand for crude oil continues to slide further in the nation. Changes in the demand and supply equation would be felt from the third quarter of 2013 as seasonal demand generally ends in the US and Europe by that time. Also, lower-than-expected demand from Asian buyers as well as from the developed economies will further weigh on oil prices. US shale oil production has also been rising constantly with the implementation of new techniques such as hydraulic fracturing and horizontal drilling. There are huge shale deposits outside North America, which American companies and the government are trying to tap and convert into shale oil and natural gas to boost the energy industry. Basically, shale oil is defined as unconventional oil extracted from shale formations. Earlier, shale oil used to be extracted through vertical drill. However, now with the introduction of improved hydraulic fracturing and horizontal drilling, exploration of shale oil has become much more feasible. This has lead to a sharp inclination towards horizontal rig counts, which rose by 60% compared to the levels of 2009. Currently, horizontal rig count stands at around 1,092. On the other hand, the count of vertical and directional rigs also rose owing to rising oil production in the nation. Both rigs – vertical and directional - showed an increase of 15.5% and 20.7% respectively.
  5. 5. www.TheEquicom.com +919200009266 BASE METAL: The trend in copper futures for August delivery on India's Multi Commodity Exchange (MCX) is negative and intra-day traders may sell at higher levels. “For intra-day, support for the commodity is seen at 402 and 400 levels while resistance is seen at 409 and 412.5 levels,” said Tarang Parmar, Research Analyst at Commodity Online. On Thursday, MCX copper traded higher but prices were failed to sustain at higher levels. MCX copper for August delivery was seen trading down by 0.88% at Rs.405.25 per kilogram as of 03.21 PM IST on Friday. Copper prices in the international market remained negative on concerns over economic recovery in China and recent indication that the US Federal Reserve may end its monetary stimulus on improving economic conditions in the United States. On Thursday, the data released by the US Commerce Department showed that consumer spending in the US rebounded in May showing an increase of 0.3% after a 0.3 % drop in April. The consumer spending in the US accounts for 70% of the US economic activity. Though the pace of spending has slowed from the 2.6% annual rate notched in the first three months of the year, consumers will likely continue to drive growth in the second quarter. Copper futures for September delivery on Globex platform of Comex was seen trading slightly up by 0.45% at $3.073 per pound as of 04.02 PM IST on Friday. Also, US jobless claims for unemployment benefits fell 9,000 to a seasonally adjusted 346,000. MCX nickel for July delivery is negative and the commodity may trade with a negative bias during intra-day trade. “For intra-day, support for the commodity is seen at 818 while resistance is seen at 834 and 841 levels,” said Melbin. “Traders may sell on rise near 832 with with stop loss of 841 for the target of 823,” noted Melbin. Lead futures on India's Multi Commodity Exchange (MCX) for July delivery is negative and further downward movement is expected in the commodity prices.
  6. 6. www.TheEquicom.com +919200009266 GOLD (5 AUG.): OUTLOOK: TREND : - BEARISH RESISTANCE : - 26700, 27500 SUPPORT : - 25000, 24500 STRATEGY : - SELL ON HIGHS TECHNICAL VIEW BULLION
  7. 7. www.TheEquicom.com +919200009266 SILVER (05 SEP.): OUTLOOK: TREND : - BEARISH RESISTANCE : - 42100, 44200 SUPPORT : - 39800, 38800 STRATEGY : - SELL ON HIGHS BULLION
  8. 8. www.TheEquicom.com +919200009266 CRUDEOIL (19 JULY): OUTLOOK: TREND : - CONSOLIDATE RESISTANCE : - 5875, 6000 SUPPORT : - 5560, 5390 STRATEGY : - BUY ON DIPS ENERGY
  9. 9. www.TheEquicom.com +919200009266 COPPER (30 AUG.) OUTLOOK: TREND : - BEARISH RESISTANCE : - 416.00, 427.00 SUPPORT : - 392.00, 380.00 STRATEGY : - SELL ON HIGHS BASE METAL
  10. 10. www.TheEquicom.com +919200009266 GOLD 1210.00 SILVER 18.88 COPPER 3.1254 CRUDE OIL 98.80 NATURAL GAS 3.504 PALLADIUM 728.75 PLATINUM 1443.25 USDINR 59.5230 EURUSD 01.3019 USDJPY 99.1800 USDCHF 00.9437 GBPUSD 01.5213 USDCAD 01.0502 INTERNATIONAL MARKET
  11. 11. www.TheEquicom.com +919200009266 ECONOMIC CALANDER
  12. 12. www.TheEquicom.com +919200009266
  13. 13. www.TheEquicom.com +919200009266 SCRIPT R3 R2 R1 P S1 S2 S3 GOLD 29013 28006 26843 25837 24673 23667 22503 SILVER 45160 43480 42185 40505 39210 37530 36235 CRUDEOIL 6196 6031 5899 5735 5602 5438 5305 COPPER 430.80 420.60 413.75 403.50 396.70 386.50 379.60 LEAD 131.50 127.95 125.20 12.70 118.95 115.45 112.70 ZINC 114.95 112.60 111.10 108.75 107.25 104.90 103.40 ALIMINUM 108.90 107.25 106.10 104.50 103.40 101.75 100.65 NICKEL 869.30 852.55 838.60 821.90 807.95 791.20 777.25 NATURAL GAS 242.05 235.35 225.05 218.35 208.05 201.35 191.05 PIVOT TABLE
  14. 14. 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.

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