DAILY MCX NEWSLETTER 01-OCT.

-2013

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BULLION
Gold futures recorded a slight up-tick on Monday amid a possible partial US government shut-down, weaker than expected data and uncertain picture on US monetary stimulus. Gold futures for December delivery on Globex platform of Comex was seen trading down by 0.022% at $1338.8 per troy ounce as of 15.03 IST Monday. Appreciation of Indian Rupee (INR) against US Dollar (USD) is likely to pressurise MCX gold prices during intra-day trade. INR was seen touching 62.57 against USD, an appreciation of 0.54% as of 15.52 IST on Monday. US Government is on the verge of a shutdown for the first time in 17 years and markets have turned jittery with gold making gains while crude oil and base metals complex is set to weaken further as economic growth prospects are hindered and whatever positive trends recently seen in the economy may be reversed, analysts said.

BASE METAL
Copper recorded a decline on Monday amid concerns that US government is heading for a partial shutdown. Copper for November delivery on Globex platform of Comex was seen trading down by 0.18% at $3.322 per pound as of 16.18 IST on Monday. Technically, the trend in copper futures for November delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish for the day and traders are advised to stay on buy side. US Government is on the verge of a shutdown for the first time in 17 years and markets have turned jittery with gold making gains while crude oil and base metals complex is set to weaken further as economic growth prospects are hindered and whatever positive trends recently seen in the economy may be reversed, analysts said.

ENERGY
India crude oil futures remained down on Thursday and continued its southward movement tracking a decline at NYMEX crude oil prices recorded on Wednesday due to higher than expected stock-piles. The trend in crude oil futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and traders are advised to stay on sell side. US crude oil futures fell to 12 week low on Wednesday due to unexpected rise in US crude oil stock-piles, rebounding crude oil supply from Libya, Nigeria and waning Syria tensions. WTI crude oil futures for October delivery on NYMEX was down by 0.048% at $102.71per barrel as of 15.29 IST on Thursday.

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BULLION
GOLD (5 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 30650, 30850 : - 30160, 29900 : - SELL ON HIGHS

SILVER (5 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 49570, 50220 : - 48640, 48000 : - SELL ON HIGHS

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ENERGY

CRUDEOIL (21 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6480, 6540 : - 6400, 6360 : - SELL ON HIGHS

NATURAL GAS (28 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 226.00, 228.50 : - 220.00, 216.00 : - SELL ON HIGHS

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BASE METAL
COPPER (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -469.00, 472.00 : - 462.00, 456.00 : - SELL ON HIGHS

LEAD (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 132.80, 133.50 : - 131.00, 130.20 : - SELL ON HIGHS

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ZINC (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 120.70, 121.50 : - 118.50, 118.00 : - SELL ON HIGHS

ALUMINUM (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 115.00, 115.60 : - 113.90, 113.00 : - SELL ON HIGHS

NICKEL (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 885.00, 895.00 : - 868.00, 860.00 : - SELL ON HIGHS

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GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1329.21 21.697 03.319 101.88 03.540 722.90 1406.50

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

62.5750 01.3520 98.5100 00.9063 01.6191 01.0323

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