US gold futures edged down further on
Wednesday and was seen trading near four
week low amid concerns that US Central Bank
may start reducing its monetary stimulus soon
on improving economic conditions in the
United States.
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Daily mcx newsletter 14 nov 2013
1. DAILY MCX NEWSLETTER
14-NOV. -2013
NOV.
THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED
,
www.TheEquicom.com 09200009266
www.TheEquicom.com +919200009266
2. BULLION
BASE METAL
ENERGY
US gold futures edged down further on
Copper market could be in for a bear run if
US crude oil futures fell below $93 per barrel on
Wednesday and was seen trading near four
increased China production in the past two
Wednesday to a four and half month low as a
week low amid concerns that US Central Bank
months and surplus refined copper forecast
result of expectations on higher than expected
may start reducing its monetary stimulus soon
for 2013
2013-14 by International Copper Study
US crude oil stocks and US stimulus concerns.
on improving economic conditions in the
Group (ICSG) is any indication.
The American Petroleum Institute (API) is
United States. The central bank's $85-billion
According to National Bureau of Statistics,
scheduled to release its weekly data on US
monthly bond buying program is a key driver
China production of refined copper rose
crude oil stocks at 03.00 IST while US Energy
of the yellow metal.
2.9% month
month-on-month to a second straight
Information Administrations is expected to
Comex gold futures for December delivery on
monthly record and year
year-on-year gain of
release its weekly US crude oil inventory data
electronic trading was seen trading with a loss
22.9%. Refined copper production in October
at 21.30 IST on Thursday. The data may give
of $0.6 at $1284.4 per troy ounce as of 09.27
was 637,958 tons while in September it was
further trading clues for crude oil investors.
her
IST on Thursday.
620,086 tons.
NYMEX WTI crude oil futures for December
Weak physical demand along with steady US
dollar, stock markets were seen pressuring the
yellow metal prices to certain extent in the
global market on Wednesday.
Analyst say that, improving economic
conditions in the United States may prompt the
US Federal Reserve to taper its monetary
stimulus program.
www.TheEquicom.com +919200009266
delivery was seen trading with a gain of 21
cents at $93.80 per barrel as of 9.29 IST on
$93.
Wednesday.
3. BULLION
GOLD (5 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: -CONSOLIDATE
CONSOLIDATE
: - 30
0300, 30500
: - 29850, 29650
298
: - SELL ON HIGH
SILVER (5 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
www.TheEquicom.com +919200009266
: - CONSOLIDATE
: - 4700 47500
7000,
: - 4620 45800
6200,
: - SELL ON HIGH HIGH
4. ENERGY
CRUDEOIL ( NOV.)
(19
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 6050, 6100
: - 5900, 5850
: - SELL ON HIGH
NATURAL GAS (2 NOV.)
(25
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
www.TheEquicom.com +919200009266
: - CONSOLIDATE
: - 232
2.00, 235.00
: - 224
24.00, 220.00
: - BUY ON DIPS
5. BASE METAL
COPPER ( NOV.)
(29
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: -447.50 453.50
0,
: - 438.00 435.50
0,
: - SELL ON HIGH
LEAD ( NOV.)
(29
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
www.TheEquicom.com +919200009266
: - CONSOLIDATE
: - 133
3.50, 134.50
: - 131
1.00, 130.00
: - SELL ON HIGH
6. ZINC ( NOV.)
(29
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 119.50, 120.50
,
: - 117.00, 116.00
,
: - SELL ON HIGH
ALUMINUM ( NOV.)
(29
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 113.00, 114.00
1
: - 110.50, 109.50
1
: - SELL ON HIGH
NICKEL ( NOV.)
(29
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
www.TheEquicom.com +919200009266
: - CONSOLIDATE
: - 875.00, 883.00
8
: - 862.00, 856.00
8
: - SELL ON HIGH
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