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MCX Weekly Newsletter (13 May 2013 to 18 May 2013)

MCX COMMODITY WEEKLY REPORT!!!!


13th-May-2013 TO 18th-May-2013

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MCX Weekly Newsletter (13 May 2013 to 18 May 2013)

MCX BULLIONS WEEKLY TECHNICAL LEVELS


GOLD MCX DAILYCANDLESTICK CHART

TRADING STRATEGY: GOLD MCX trading in a range between 26500 on lower side and 27500 on the upside. As GOLD MCX approces higher side of the range one can initiate a short position @27000 SL above 27700 TGT 26000/25300. Refer to the above chart.

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MCX Weekly Newsletter (13 May 2013 to 18 May 2013)

SILVER MCX DAILY CANDLESTICK CHART

TRADING STRATEGY: SILVER MCX trading in a range between 42350 on lower side and 45600-45800 on the upside. As SILVER MCX has approced higher side of the range on can initiate a short position @45800 SL above 46500 TGT 44100/42350. Refer to the above chart.

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MCX Weekly Newsletter (13 May 2013 to 18 May 2013)

MCX BASE METALS WEEKLY TECHNICAL LEVELS


COPPER MCX DAILY CANDLESTICK CHART

TRADING STRATEGY: COPPER MCX has bounced back from strong support levels and trend is positive. Also has made classical technical double bottom pattern. Hence initite Long position @401- 402 SL below 398 Target @414/432. Refer to the above chart.

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MCX Weekly Newsletter (13 May 2013 to 18 May 2013)

NICKEL MCX DAILY CANDLESTICK CHART

TRADING STRATEGY: NICKEL MCX is trading near to its Resistance level @953. Also trading Above important support level of 845. Short term bounce Expected and also trading in short term up trend. Hence initiate long Position @853 SL below 830 Target @890/940. Refer to the above chart.

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MCX Weekly Newsletter (13 May 2013 to 18 May 2013)

MCX ENERGYWEEKLY TECHNICAL LEVELS


CRUDEOIL MCX DAILY CANDLESTICK CHART

TRADING STRATEGY: CRUDE OIL MCX has immediate resistance @5285 and immedaite support @5130. If trades above 5300 can approch 5410 on the upside and if trades below 5130 can head towards 4940. Till breakout one can trade in range of 5285- 5130. Hence till breakout of range one can sell around higher side of range and buy around lower side of range. Any breakout will require change in strategy. Refer to the above chart.

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MCX Weekly Newsletter (13 May 2013 to 18 May 2013)

NATURAL GAS MCX DAILY CANDLESTICK CHART

TRADING STRATEGY: NATURAL GAS MCX is facing correction after a rally.Immedaite Support lies @210 and Immedaite Resistance @217. Hence initiate a Short position around 217 with Stop Loss place above 221 with Targets 210/195. Refer to the above chart.

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MCX Weekly Newsletter (13 May 2013 to 18 May 2013)

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MCX Weekly Newsletter (13 May 2013 to 18 May 2013)

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