1. MCX COMMODITY WEEKLY REPORT
EPIC Research Report
This Report contains all the study and strategy required by trader to
trade on MCX commodities. Refer to the chart attracted in the Report
to take proper Trading Decision.
Date: 26-August-2013

2. MCX Daily Newsletter (26-August-2013)
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WEEKLY COMMODITY WRAP…..!!!!!
Base metals
Recent macroeconomic numbers from China and Europe has
proved supportive for the base metals pack, whereby we have
witnessed an improvement in Chinese industrial production and
mitigation of recessionary conditions in Europe.
In China, HSBC flash PMI reading of manufacturing activity hit
a four month high in July and in the process crawled into the
expansion territory.
Improvement in the manufacturing activity has justified Chinese
government efforts to revive the economy through stimulus
measures, including new investments in power grids and
spending on urban infrastructure and railways. In Europe, Market
survey conveyed that business in the region improved during
August, aided by a rebound in German activity.
After every healthy recovery, markets have an inclination to
Witness profit taking at higher levels and the same holds
True for non-ferrous metals. Although the landscape in US
And improving conditions in China and Europe should be
Considered bullish, growing perception of Federal Reserve
Tapering the stimulus may exert downward pressure on the
Entire commodity pack.
Precious metals
Gold prices have retreated from the high of US$1,385/oz, as US
FOMC minutes gave an impression that the central bank will
Indeed start tapering the bond buying program later this year
and may also conclude the purchase program around the middle
of 2014 if economic conditions warrant.
US treasury bonds are under severe pressure, with the ten and thirty
year yields around 3% and 4% respectively. Greenback managed
resurgence against a number of currencies, with US dollar index
reclaiming 81.5 levels.
In physical markets, US Mint reported that demand for
gold coins plunged in recent weeks. Total sales of American Eagle
gold bullion coins during the first two weeks of August stood
at 3,000 ounces, well below the 39,000 ounces during August
2012.
Recent FOMC policy minutes have inculcated a belief among
The market participants that tapering is inevitable, however
The timing of the tightening may vary. Uncertainty may
Prevail but market consensus conveys that apex bank will
Moderately scale back during September. Fed has to start
Somewhere and September policy meeting is deemed to
be the period whereby the tapering process can eventually
Start.
In event of such a scenario, greenback will witness
Resurgence and effectuate a slide in precious metals. Gold
Prices will remain range bound during the next few weeks
Until we get more clarity from the September Fed meeting.

3. MCX Daily Newsletter (26-August-2013)
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WEEKLY ECONOMIC CALENDAR

4. MCX Daily Newsletter (26-August-2013)
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MCX BULLIONS DAILY TECHNICAL LEVELS
GOLD MCX DAILY CANDLESTICK CHART
TRADING STRATEGY:
GOLD MCX is in bull run and due to triple effect of USDINR, International Market and increase in Import Duty has taken Gold near to all time High levels. Now if USDINR
Sustains at these levels and International Market Gets Strong and head towards higher levels. Then Probability of GOLD to touch 33000-35000 are likely.
Immedaite Resistance @32050 and Support @31550
1. Sell GOLD MCX below 31400 TGT 31300/31100 SL 31500
2. Buy GOLD MCX Above 32100 TGT 32300/32500 SL 32000

5. MCX Daily Newsletter (26-August-2013)
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SILVER MCX DAILY CANDLESTICK CHART
TRADING STRATEGY:
SILVER MCX is in bull run and due to triple effect of USDINR, International Market and increase in Import Duty has taken SILVER to higher levels. Now if USDINR Sustains
at these levels and International Market Gets Strong and head towards higher levels. Then Probability of SILVER MCX to touch 57000 levels are likely.
Immedaite Resistance @55250 and Support @50370
1. BUY SILVER MCX above 54100 TGT 54400/54800 SL 53800
2. SELL SILVER MCX Below 51500 TGT 51200/51000 SL 52000

6. MCX Daily Newsletter (26-August-2013)
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