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20-MAY.-2014
DAILY MCX NEWSLETTER
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BULLION:
Gold prices plunged and closed below the psychologically-significant Rs
29,000 per 10 grams mark at the local bullion market on consistent selling by
stockists and speculators despite firm global sentiment.

On the other hand, silver regained some lost ground on emergence of buying
from jewellery and coin makers coupled with renewed industrial off-take.

Standard gold (99.5 purity) dropped by Rs 230 to conclude at Rs 28,790 per 10
grams from last Saturday's closing level of Rs 29,020.

ENERGY:
Crude palm oil prices moved down by 0.83 per cent to Rs 540.90 per 10 kg in futures
trade today as speculators reduced holdings amid sluggish demand in the spot
market.

Adequate stocks position in the physical market also put pressure on crude palm oil
prices.

At the Multi Commodity Exchange, crude palm oil for delivery in June traded lower by
Rs 5.50, or 0.83 per cent, to Rs 540.90 per 10 kg in a business turnover of 405 lots.

In a similar fashion, the oil for delivery in May lost Rs 4, or 0.73 per cent, to Rs 543.10
per 10 kg in 122 lots.

BASE METAL:
An unprecedented rally in nickel since the beginning of 2014 culminated in
a steep sell of last week.Market euphoria became overly extended after
nickel prices advanced above USD20,000/tonne, the highest level in over
two years.


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GOLD (5 JUN.)




SILVER (5 JULY.)








BULLION
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 41200, 41500
SUPPORT : - 40400, 40100
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 28300, 28500
SUPPORT : - 28000, 27800
STRATEGY : - SELL ON HIGH


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CRUDEOIL (19 JUN.)






NATURAL GAS (27 MAY.)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 268 .00, 272.00
SUPPORT : - 258.00, 254.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 6050, 6080
SUPPORT : - 5960, 5920
STRATEGY : - SELL ON HIGH



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COPPER (30 JUN.)






LEAD (30 MAY.)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 126.50, 127.50
SUPPORT : - 123.50, 122.50
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 415.00, 419.00
SUPPORT : - 409.00, 405.00
STRATEGY : - SELL ON HIGH



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ZINC (30 MAY.)





ALUMINUM (30 MAY.)




NICKEL (30 MAY.)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1200.00, 1210.00
SUPPORT : - 1170.00, 1150.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 103.00, 104.00
SUPPORT : - 100.50, 99.50
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 123.50, 124.50
SUPPORT : - 121.00, 120.00
STRATEGY : - SELL ON HIGH



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GOLD 1293.48
SILVER 19.339
COPPER 3.161
CRUDEOIL 102.18
PALLANDIUM 815.50
PLATINUM 1467.20

USDINR 58.7075
EURUSD 01.3710
USDJPY 101.550
USDCHF 00.8918
GBPUSD 01.6817
USDCAD 01.0872



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