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09- JULY-2014
DAILY MCX NEWSLETTER
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BULLION:
Silver may hold up better than gold this month as it may draw on the strong tone we are seeing in
base metals, where improving macro variables and shrinking supply are giving prices a boost, said
analysts at INTL FCStone.
Silver prices are expected to trade a range between $20.35-$21.80 an ounce during this July, said
INTL FCStone in its monthly outlook. The firm also expected that gold prices are trade in a range
between $1,270-$1,345 an ounce in July as some of Junes gains are rolled back.

ENERGY:
The Petroleum and Natural Gas ministry had deferred the hike as more consultations and
discussions were required with stakeholders. The new consensus emerging is for a moderate
increase of $2 per MMBTU to $6 per MMBTU. The pricing of natural gas has been a poltiically
sensitive issue between the previous Congress-led UPA government and Reliance Industries which
operates one of the largest gas fields in Krishna-Godavari basin.

BASE METAL:
European markets are trading on a negative note today owing to falling momentum of
recovery in Germany. Asian markets ended on a mixed note while the US stock futures are
trading in the red.

German Trade Balance rose to 18.8 billion Euros in May from 17.2 billion Euros in April. UKs
Manufacturing Production plunged by 1.3 percent in May as compared to a gain of 0.3
percent in April.


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GOLD (5 AUG.)




SILVER (5 SEP.)








BULLION
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 45000, 45300
SUPPORT : - 44500, 44200
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 27700, 27900
SUPPORT : - 27350, 27100
STRATEGY : - SELL ON HIGH


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CRUDEOIL (21 JULY)






NATURAL GAS (28 JULY)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 255.00, 260.00
SUPPORT : - 245.00, 240.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 6250, 6300
SUPPORT : - 6150, 6100
STRATEGY : - SELL ON HIGH



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COPPER (29 AUG.)






LEAD (31 JULY)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 132.50, 133.50
SUPPORT : - 130.20, 129.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 440.00, 444.00
SUPPORT : - 430.00, 426.00
STRATEGY : - BUY ON DIPS



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ZINC (31 JULY)





ALUMINUM (31 JULY)




NICKEL (31 JULY)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1200.00, 1220.00
SUPPORT : - 1160.00, 1140.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 116.00, 117.00
SUPPORT : - 114.00, 113.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 137.70, 139.00
SUPPORT : - 134.50, 133.50
STRATEGY : - BUY ON DIPS



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GOLD 1322.65
SILVER 21.078
COPPER 3.256
CRUDEOIL 103.43
PALLANDIUM 872.30
PLATINUM 1500.03

USDINR 60.1400
EURUSD 01.3612
USDJPY 101.623
USDCHF 00.8929
GBPUSD 01.7130
USDCAD 01.0681



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