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0731-6770000

DAILY MCX NEWSLETTER

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15- APR.-2014

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BULLION:

Gold recovered slightly on Friday after sharp overnight declines but the metal remained near six-week lows and on track for a second straight weekly decline, as improving sentiment over the U.S. economic outlook dented its safe-haven appeal. * Spot gold was up 0.2 percent to $1,293.19 an ounce by 0017 GMT. It is down 3 percent for the week. * On Thursday, gold fell to $1,288.80 - its lowest since Feb. 13 - before closing down 1 percent.

- its lowest since Feb. 13 - before closing down 1 percent. B ASE METAL: Copper

BASE METAL:

Copper recovered some of yesterday’s losses this morning to trade at 2.976 adding 11 points but still remains weak as traders remain worried about the economic situation in China.Copper prices fell by 0.8 percent Wednesday on the back of intensified war concerns. Additionally, strength in the DX along with mixed market sentiments acted as a negative factor.

ENERGY:

* Oil supported by encouraging signs of U.S. economic growth

* U.S. crude on course for biggest weekly gain since early Feb

U.S. crude on course for biggest weekly gain since early Feb Brent steadied below $108 per

Brent steadied below $108 per barrel on Friday, retaining most of its gains from the prior session and heading for the first weekly rise in five, on promising U.S. data and fears geopolitical tensions could dent supply from Russia.

The U.S. economy grew a bit faster than estimated in the fourth quarter and new claims for jobless aid fell to a near four-month low last week, suggesting a brighter outlook for demand in the world's biggest oil consumer.

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BULLION G OLD (5 JUN.) OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -
BULLION
BULLION

GOLD (5 JUN.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 29200, 29400 : - 28800,
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 29200, 29400
: - 28800, 28600
: - BUY ON DIPS

SILVER (5 MAY.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 43600, 43900 : - 42900,
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 43600, 43900
: - 42900, 42400
: - BUY ON DIPS

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ENERGY
ENERGY

CRUDEOIL (21 APR.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6310, 6350 : - 6250,
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 6310, 6350
: - 6250, 6200
: - BUY ON DIPS

NATURAL GAS (25 APR.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 280.00, 284.00 : - 272.00,
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 280.00, 284.00
: - 272.00, 268.00
: - BUY ON DIPS

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BASE METAL
BASE METAL

COPPER (30 APR.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 409.00, 413.00 : - 403.00,
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 409.00, 413.00
: - 403.00, 400.00
: - BUY ON DIPS

LEAD (30 APR.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 129.00, 130.00 : - 126.00,
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 129.00, 130.00
: - 126.00, 125.00
: - BUY ON DIPS

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ZINC (30 APR.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 125.00, 126.00 : - 123.00,
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 125.00, 126.00
: - 123.00, 122.00
: - BUY ON DIPS

ALUMINUM (30 APR.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 112.50, 113.50 : - 111.00,
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 112.50, 113.50
: - 111.00, 110.00
: - BUY ON DIPS

NICKEL (30 APR.)

OUTLOOK: TREND RESISTANCE SUPPORT STRATEGY : - BULLISH : - 1085.00, 1100.00 : - 1065.00,
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - BULLISH
: - 1085.00, 1100.00
: - 1065.00, 1055.00
: - BUY ON DIPS
GOLD 1321.01 SILVER 19.867 COPPER 3.029 CRUDEOIL 103.26 PALLANDIUM 794.40 PLATINUM 1454.30 USDINR 60.4675
GOLD 1321.01 SILVER 19.867 COPPER 3.029 CRUDEOIL 103.26 PALLANDIUM 794.40 PLATINUM 1454.30
GOLD
1321.01
SILVER
19.867
COPPER
3.029
CRUDEOIL
103.26
PALLANDIUM
794.40
PLATINUM
1454.30
USDINR 60.4675 EURUSD 01.3813 USDJPY 101.877 USDCHF 00.8804 GBPUSD 01.6711 USDCAD 01.0976
USDINR
60.4675
EURUSD
01.3813
USDJPY
101.877
USDCHF
00.8804
GBPUSD
01.6711
USDCAD
01.0976

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