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13-OCT.-2014
DAILY MCX NEWSLETTER
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09200009266


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BULLION:

Silver prices dropped sharply, snapping a three-session rising trend at the domestic bullion
market today on a fresh bout of speculative selling amid lack of industrial buying support.

In contrast, gold held virtually steady due to investors' caution in the midst of hight volatile
global commodity markets spooked by confusing policy signals from the US Federal
Reserve.

Silver (.999 fineness) slumped by Rs 355 to finish at Rs 39,260 per kg as compared to
Thursday's level of Rs 39,615.

ENERGY:
Brent crude oil fell to its lowest since 2010 on Friday, dropping below $90 a barrel as Saudi
Arabia said it upped production last month, increasing speculation of an OPEC price war.

Fast-rising oil output in North America and tepid economic growth had raised expectations the
Organization of the Petroleum Exporting Countries will cut output when it meets in November to
stem a near 25 per cent price slide since June.

But on Friday Saudi Arabia said it had raised its oil production by 100,000 barrels per day (bpd)
in September, raising doubts the world's top exporter will be prepared to take unilateral action.


BASE METAL:
Nickel futures traded a shade lower at Rs 1,021.20 per kg today as speculators trimmed
positions, tracking a weak trend overseas and subdued domestic demand.

At the Multi Commodity Exchange, nickel for delivery in November shed Rs 1.30, or 0.02 per
cent, to Rs 1,021.20 per kg in a business turnover of four lots.

The metal for delivery in October also fell by 50 paise, or 0.01 per cent, to Rs 1,014.80 per kg in
a turnover of 560 lots.




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GOLD (5 DEC.)




SILVER (5 DEC.)








BULLION
OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 38900, 39200
SUPPORT : - 38100, 37800
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 27100, 27250
SUPPORT : - 26750, 26600
STRATEGY : - SELL ON HIGH


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CRUDEOIL (20 OCT.)






NATURAL GAS (28 OCT.)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 239.00, 242.00
SUPPORT : - 233.00, 230.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 5340, 5400
SUPPORT : - 5230, 5180
STRATEGY : - SELL ON HIGH



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COPPER (28 NOV.)






LEAD (31 OCT.)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 128.00, 129.00
SUPPORT : - 125.00, 124.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 417.00, 419.00
SUPPORT : - 412.00, 409.00
STRATEGY : - SELL ON HIGH



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ZINC (31 OCT.)





ALUMINUM (31 OCT.)




NICKEL (31 OCT.)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1015.00, 1025.00
SUPPORT : - 996.00, 985.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 119.00, 120.00
SUPPORT : - 116.00, 115.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 144.00, 145.00
SUPPORT : - 141.00, 140.00
STRATEGY : - SELL ON HIGH



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GOLD 1221.27
SILVER 17.276
COPPER 3.001
CRUDEOIL 84.34
PALLANDIUM 781.50
PLATINUM 1257.80

USDINR 61.5425
EURUSD 01.2632
USDJPY 107.980
USDCHF 00.9571
GBPUSD 01.6027
USDCAD 01.1177



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