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14-MAY.-2014
DAILY MCX NEWSLETTER
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BULLION:
Gold prices continued to fall for the third straight session at the domestic
bullion market today due to consistent unwinding by stockists and investors
amid lack of retail buying support. Silver fell back after a brief overnight
recovery on reduced speculative off-take.
Standard gold (99.5 purity) slumped by Rs 220 to finish at Rs 29,485 per 10
grams from last Monday's closing level of Rs 29,705. Pure gold (99.9 purity)
plunged by Rs 215 to conclude at Rs 29,635 per 10 grams from Rs 29,850.
Silver (.999 fineness) dropped by Rs 215 to end at Rs 42,440 per kg as
compared to Rs 42,655 yesterday.

ENERGY:
From a high volatility of 125% on February 25 US natural gas futures volatility has
declined to 27.6% - a pointer that climate is moderating and temperatures are rising
which can act as a negative factor for prices.
April marks the beginning of natural gas injection season, with working inventories in
storage at their lowest level since 2003 at 822 Bcf as of March 28. 2014. The Energy
Information Administration (EIA) report suggests robust injection is going to happen this
season starting April as higher prices reduce the natural gas power burn this year.
BASE METAL:
Tracking a weak global trend, copper prices fell by 0.36 per cent to Rs 419.35
per kg in futures trade today as speculators offloaded their positions.

At the Multi Commodity Exchange, copper for delivery in far-month August
contracts fell Rs 1.50, or 0.36 per cent, to Rs 419.35 per kg in business turnover
of 33 lots. Similarly, the metal for delivery in June traded lower by Rs 1.30, or
0.31 per cent, to Rs 416.50 per kg in 513 lots.




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GOLD (5 JUN.)




SILVER (5 JULY.)








BULLION
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 42200, 42800
SUPPORT : - 41600, 41300
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 28650, 28800
SUPPORT : - 28300, 28100
STRATEGY : - SELL ON HIGH


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CRUDEOIL (19 MAY.)






NATURAL GAS (27 MAY.)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 265 .00, 269.00
SUPPORT : - 254.00, 250.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 6060, 6100
SUPPORT : - 6000, 5970
STRATEGY : - SELL ON HIGH



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COPPER (30 JUN.)






LEAD (30 MAY.)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 127.00, 128.00
SUPPORT : - 124.00, 123.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 418.00, 420.50
SUPPORT : - 412.00, 409.50
STRATEGY : - SELL ON HIGH



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ZINC (30 MAY.)





ALUMINUM (30 MAY.)




NICKEL (30 MAY.)








OUTLOOK:
TREND : - BULLISH
RESISTANCE : - 1260.00, 1270.00
SUPPORT : - 1232.00, 1220.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 105.50, 106.50
SUPPORT : - 103.00, 102.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 124.00, 125.00
SUPPORT : - 121.00, 120.00
STRATEGY : - SELL ON HIGH



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GOLD 1294.50
SILVER 19.522
COPPER 3.126
CRUDEOIL 101.96
PALLANDIUM 814.80
PLATINUM 1453.30

USDINR 59.7625
EURUSD 01.3716
USDJPY 102.148
USDCHF 00.8887
GBPUSD 01.6852
USDCAD 01.0904



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