PINNACLE FINANCIAL SERVICES

DAILY EQUITY REPORT

MCX DAILY REPORT
10/03/2015

18th AUGUST 2015

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DAILY EQUITY REPORT
10/03/2015

METALS & ENERGY UPDATE

German Chancellor confident the IMF will join third bailout. With
this update European market moved higher on Monday.
Gold higher as risk of the devaluation of the yuan by the PBOC
continues to prompt safe-haven buying. The weaker yuan could
still prompt the US Federal Reserve not to raise interest rates as
soon as next month, is supporting gold prices.
China has been pushing local governments out of shadow banking
and into the sunlight with a 2.6 trillion yuan ($407 billion) bond
programme in an effort to boost the economy, is supporting
copper prices but strong dollar pressurized copper. Copper closed
lower on Monday on stronger dollar.
Crude oil pressurized and opened lower on Tuesday. Baker
Hughes reported its oil rig count rose for a fourth straight week.
The number of rigs drilling for oil in the United States rose by 2
from the previous week, bringing the total to 672.

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DAILY EQUITY REPORT
10/03/2015

TECHNICAL LEVELS:
PRECIOUS METALS
SILVER
SUPPRT1: 35650
SUPPORT2: 35300
RESISTANCE1: 36000
RESISTANCE2: 36400

GOLD
SUPPRT1: 25850
SUPPORT2: 25700

SILVER MIGHT CONTINUE ITS

UPTREND FOR THE DAY. BIAS ARE
BULLISH FOR THE DAY. TRADERS
CAN HOLD THEIR LONG POSITION.
BUY ON DIPS STRATEGY SHOULD BE
USED FOR THE DAY. BREAKOUT
BELOW 35650 CAN REVERSAL FOR
THIS UPTRAND FOR THE SILVER.
PRICES
CAN
MOVE
LOWER
TOWARDS 34800 IF SUPPORT OF
35300 WILL BREAK.

RESISTANCE1: 26140
RESISTANCE2: 26300

ENERGY
CRUDE OIL IS STILL LOOKING DOWN
ON THE CHART. WE HAVE BEARISH
VIEW FOR THE DAY. ONLY BREAK
ABOVE 2800 CAN MOVE PRICE
UPWARD TO 2850 AND 2915 LEVELS.
UNTILL THAT PRICES MIGHT MOVE
LOWER TOWARD 2625 LEVELS FOR THE DAY.

CRUDE OIL
SUPPRT1: 2700
SUPPORT2: 2625
RESISTANCE1: 2800
RESISTANCE2: 2850

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DAILY EQUITY REPORT
10/03/2015

NATURAL GAS
SUPPRT1: 177
SUPPORT2: 174

BIAS IS RANGEBOUND. PRICES WILL

BE IN RANGE FOR THE DAY.

RESISTANCE1: 181
RESISTANCE2: 184

BASE METALS
COPPER
SUPPRT1: 334
SUPPORT2: 330
RESISTANCE1: 338
RESISTANCE2: 342

LEAD
SUPPRT1: 112.20
SUPPORT2: 110.80
RESISTANCE1: 113.70
RESISTANCE2: 114.60

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PINNACLE FINANCIAL SERVICES

DAILY EQUITY REPORT
10/03/2015

CHART OF THE DAY

SELL ZINC AT 118.70 TARGET 116.50 STOP

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LOSS

120.60.

PINNACLE FINANCIAL SERVICES

DAILY EQUITY REPORT
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10/03/2015

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