MCX Daily Report (22 April 2013)

MCX Commodity Evening Report!!!

22nd April 2013, Monday

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MCX Daily Report (22 April 2013)

MCX BULLIONS TECHNICAL LEVELS

GOLD MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX GOLD

JUSTIFICATION

SUPPORT: Immediate Strong Support @25350 RESISTANCE: Immediate Resistance @26100 and on upside 26470 Comments: GOLD MCX has immediate resistance @26100 and on upside @26470. As GOLD MCX trend is down and looks week on can initiate short position on resistance levels and Maintain Target of 25350. If Gold Breaks 25300 on closing basis may face more Panic Sell off.

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MCX Daily Report (22 April 2013)

MCX BULLIONS TECHNICAL LEVELS

SILVER MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX SILVER

JUSTIFICATION

SUPPORT: Immediate Support @42800 RESISTANCE: Immediate Trend line Resistance and Next Resistance @44850

Comments: Silver MCX is facing trend line Resistance as shown in chart above and on the upside Resistance @44850. Any bounce towards 44850 will be selling opportunity. Immediate support @42800 trading below it SILVER MCX may face Selling pressure.

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MCX Daily Report (22 April 2013)

MCX ENERGY TECHNICAL LEVELS

CRUDEOIL MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX CRUDEOIL

JUSTIFICATION

SUPPORT: Immediate trend line Support and Major Support @4670 RESISTANCE: Immediate Resistance @4805 Comments: Crude Oil MCX trades above 4805 may head towards 5000 and if fails to break 4805 may head towards support level @4670. One can Initiate short position on higher levels around 4805.

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MCX Daily Report (22 April 2013)

MCX ENERGY TECHNICAL LEVELS

NATURAL GAS MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHARTS MCX NATURAL GAS

JUSTIFICATION

SUPPORT: Immediate Support @233 and Next Major Trend line Support @223 RESISTANCE: Immediate Resistance @237.50

Comments: Natural Gas MCX Resistance lies at 233 and Next Major Resistance lies @242. As Last week Natural Gas inventories were less then forecasted this is positive for natural gas and if breaks 233 may head towards 242.

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MCX Daily Report (22 April 2013)

MCX METALS TECHNICAL LEVELS

COPPER MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX COPPER

JUSTIFICATION

SUPPORT: Immediate Support @370 RESISTANCE: Immediate Resistance @386 and Next Resistance @401.50

Comments: COPPER MCX is facing huge sell off at higher levels and if breaks 370 on closing basis may head towards 355 in coming days. On the upside immediate Resistance lies @386 which is best opportunity to initiate short position.

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MCX Daily Report (22 April 2013)

MCX BASE METALS TECHNICAL LEVELS

LEAD MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX LEAD

JUSTIFICATION

SUPPORT: Immediate Strong Supports @106.40 RESISTANCE: Immediate Resistance @108.90 and @111.30 Comments: LEAD MCX is trading in down trend and one should initiate a short position around Resistance Levels around 111 for the target as double digit figure i.e. 99 in coming days

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MCX Daily Report (22 April 2013)

ECONOMIC DATA ON 22nd April 2013

Market Consensus before announcement of Existing Home Sales

Existing home sales in February rose 0.8 percent to an annualized pace of 4.98 million units. January was revised to up 0.8 percent from the initial estimate of 0.4 percent. Low supply had been holding down sales but that appears to be changing as higher prices are bringing more homes into the market. Supply jumped 9.6 percent to 1.94 million units. Months' supply rose to 4.7 months from 4.3 months in January. Prices are rising as the median sales price gained 1.8 percent to $173,600.

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MCX Daily Report (22 April 2013)

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MCX Daily Report (22 April 2013)

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