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20-JUNE-2014
DAILY MCX NEWSLETTER
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BULLION:
Gold prices moved up further at the domestic bullion market today due to
continued buying from retail consumers as well as good investment offtake
amid better overseas sentiment.

Silver also advanced due to higher industrial demand. Standard Gold (99.5
purity) gained Rs 35 to end at Rs 27,570 per 10 grams from Wednesday's Rs
27,535. Pure gold (99.9 purity) also added same margin to finish at Rs 27,720
per 10 grams from Rs 27,685. Silver (.999 fineness) was up by Rs 70 to
conclude at Rs 43,365 per kg as compared to Rs 43,295 yesterday.

ENERGY:
Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns
heavy fighting in Iraq could limit oil supply from OPEC's second-biggest
producer.

Brent was up 50 cents at $114.76 a barrel by 1330 GMT, after reaching an
intraday peak of $114.84, its highest since September 9.

Government forces battled Sunni militants for control of Iraq's biggest refinery
as Prime Minister Nuri al-Maliki waited for a US response to an appeal for air
strikes to beat back the threat to Baghdad.

BASE METAL:
Amidst a weak trend in the global market and subdued spot demand copper
prices fell 0.61 per cent to Rs 404.90 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in June shed Rs 2.50, or
0.61 per cent, to Rs 404.90 per kg business turnover of 2,910 lots.

Similarly, the metal for delivery in August traded lower by Rs 2.15, or 0.52 per
cent, to Rs 408.90 per kg in 278 lots.



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GOLD (5 AUG.)




SILVER (5 JULY.)








BULLION
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 44800, 45300
SUPPORT : - 43800, 43200
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 27900, 28100
SUPPORT : - 27400, 27200
STRATEGY : - BUY ON DIPS


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CRUDEOIL (21 JULY.)






NATURAL GAS (27 JUN.)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 281.00, 285.00
SUPPORT : - 273.00, 269.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 6420, 6450
SUPPORT : - 6350, 6320
STRATEGY : - BUY ON DIPS



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COPPER (30 JUN.)






LEAD (30 JUN.)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 129.00, 130.00
SUPPORT : - 128.00, 127.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 412.00, 415.00
SUPPORT : - 405.00, 402.00
STRATEGY : - BUY ON DIPS



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ZINC (30 JUN.)





ALUMINUM (30 JUN.)




NICKEL (30 JUN.)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1125.00, 1135.00
SUPPORT : - 1100.00,S 1090.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 113.00, 114.00
SUPPORT : - 110.50, 109.50
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 131.00, 132.00
SUPPORT : - 128.00, 127.00
STRATEGY : - BUY ON DIPS



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GOLD 1313.09
SILVER 20.736
COPPER 3.089
CRUDEOIL 106.16
PALLANDIUM 834.40
PLATINUM 1464.00

USDINR 60.3225
EURUSD 01.3619
USDJPY 101.840
USDCHF 00.8928
GBPUSD 01.7046
USDCAD 01.0817



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