MCX COMMODITY DAILY REPORT

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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: 09-September-2013

MCX Daily Newsletter (09-September-2013)

WEEKLY COMMODITY WRAP..!!!!!

Base metals
LME base metals traded lower this week as instability in the Middle East managed to overshadow flow of positive macroeconomic numbers from China and Europe. On fundamental front, International Lead and Zinc Study reported that global zinc market was in surplus by 44,000 tons in the first six months of the year, while global lead market was in deficit by 40,000 tons respectively. On production front, International Aluminum Institute reported that total global production for July reached 2.099mn tons against 2.044mn tons in June. In China, total Production in July was 1.839mn tons, down from 1.843 million Tons in June. Non-ferrous metals may remain under pressure as concerns Loom large over Syria. High energy prices can adversely impact Metals consumption across the globe. Spiraling energy costs deflates consumer spending and derails economic growth. Markets will remain nervous until there is an end to the hostility regarding Syria.

Precious metals
Precious metals witnessed spectacular upside this week, with the Yellow metal hit a three-month high of US$1,434/oz and silver Prices approaching US$25/oz. Turbulence in the Middle East and Escalating probability of US initiating a military strike on Syria Has persuaded investors to flock for the safe haven assets. On macroeconomic front, US housing sales and durable orders Disappointed, however US preliminary Q2 GDP growth figures Came in better than expected. On investment front, The SPDR Gold Trust ETF has reported modest inflows for the past few days. It seems to be an encouraging sign, whereby hefty redemptions in the ETF have abated and now money seems to be flowing back. On sovereign front, central bank gold buying activity is also picking up, with Turkey, Russia and Azerbaijan all stepping up their gold purchases in July. In domestic markets, Indian rupee was worst hit, tumbling towards 69 levels and in the process giving a massive lift to gold prices Market participants will continue to focus on how US Federal Reserve will act on September 17th policy meeting. The Consensus is that the apex body might taper the stimulus During September or October; however the probability of an Attack on Syria can change the complexion of the game. Gold Prices are expected to trade steady during the course of next Few weeks, until we get more clarity from US Federal Reserve Meeting in September.

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MCX Daily Newsletter (09-September-2013)

WEEKLY PIVOT LEVELS

SCRIPTS WEEKLY High 32549 WEEKLY Low 31564 WEEKLY Close 31884 S2 S1 PIVOT R1 R2

GOLD OCT

31014.00

31449.00

31999.00

32434.00

32984.00

SILVER DEC

59598

53351

64982

53063.33

59022.67

59310.33

65269.67

65557.33

CRUDE OIL SEPT

7519

7015

7169

6730.33

6949.67

7234.33

7453.67

7738.33

COPPER NOV

510.5

473.8

476.25

450.15

463.20

486.85

499.90

523.55

NICKEL SEPT

949.7

899

905.8

867.47

886.63

918.17

937.33

968.87

NATURAL GAS SEPT

257.1

228.8

230.1

210.37

220.23

238.67

248.53

266.97

ALUMINIUM SEPT

123.95

115

116.8

109.63

113.22

118.58

122.17

127.53

ZINC SEPT

130.5

121.35

122.4

115.60

119.00

124.75

128.15

133.90

LEAD SEPT

148.7

138.4

139.2

131.80

135.50

142.10

145.80

152.40

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MCX Daily Newsletter (09-September-2013)

GOLD MCX HOURLY CANDLESTICK CHART

TRADING STRATEGY: GOLD MCX is trading too volatile and has faced correction last week. Momentum seem to be in favour of bears and also USDINR may face correction this week. Immedaite Resistance @32420 and Support @31550 1. 2. BUY GOLD ABOVE 32420 TGTS 32520/32750 SL 32320 SELL GOLD BELOW 31550 TGTS 31450/31200 SL 31650

SILVER MCX HOURLY CANDLESTICK CHART

TRADING STRATEGY: SILVER MCX faced correction last week. Momentum seem to be in favour of bears and also USDINR may face correction this week. Hence fresh Short Positions can be created. Immediate Resistance @55620 and Support @54250

1. 2.

BUY SILVER ABOVE 55620 TGTS 55820/56150 SL 55320 SELL SILVER BELOW 54250 TGTS 54050/53700 SL 54550

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MCX Daily Newsletter (09-September-2013)

COPPER MCX HOURLY CANDLESTICK CHART

TRADING STRATEGY: COPPER MCX also faced correction last week and May take Support around levels @470-465. Any Correction towards 470 will be buying opportunity in Copper. Immediate Resistance @476 and Support @472 1. 2. BUY COPPER ABOVE 476.80 TGTS 478.80/481.80 SL 473.80 SELL COPPER BELOW 472.30 TGTS 470.30/467.30 SL 475.30

CRUDEOIL MCX HOURLY CANDLESTICK CHART

TRADING STRATEGY: CRUDEOIL MCX has strong support Support around 7100-7050 levels and any correction towards those levels will be buying opportunity. Alternetively we may see selling if beaks support @7050 Immediate Resistance @7225 And Support @7135 1. 2. BUY CRUDEOIL ABOVE 7225 TGTS 7255/7325 SL 7175 SELL CRUDEOIL BELOW 7135 TGTS 7105/7045 SL 7185

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MCX Daily Newsletter (09-September-2013)

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