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10-OCT.-2014
DAILY MCX NEWSLETTER
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09200009266


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BULLION:

Gold rose to a two-week high on Thursday, extending its daily winning streak to four, as safe-
haven buying increased after US equities tumbled on concerns over the pace of economic
growth.

Bullion's four-day rise marked its longest winning streak in seven months.

Traders cited heavy short-covering for gold's rise, a day after minutes of the latest US Federal
Reserve policy meeting prompted investors to push back their expectations for the timing of a
Fed interest rate rise.


ENERGY:
Brent oil sank Thursday to a new two-year low underneath $90 per barrel, hit by plentiful
supplies and the weak global demand outlook, traders said.

At 1620 GMT, Brent North Sea crude for delivery in November fell to $89.90, striking the lowest
level since June 25, 2012. The contract later stood at $90.29, down $1.09 from Wednesday.

Earlier this year, European benchmark Brent had peaked at $115.71 in mid-June, but has since
slumped on the back of abundant supplies, tepid demand and the strong dollar.



BASE METAL:
Zinc prices drifted by 0.17 per cent to Rs 142.55 per kg in futures trade today as speculators
trimmed positions after demand eased in spot markets.

However, a better trend in base metals in global markets, restricted losses.

At the Multi Commodity Exchange, zinc for delivery in October shed 35 paise, or 0.17 per cent,
to Rs 142.55 per kg in a business turnover of 336 lots.





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GOLD (5 DEC.)




SILVER (5 DEC.)








BULLION
OUTLOOK:
TREND : - BEARISH
RESISTANCE : - 39100, 39400
SUPPORT : - 38200, 37900
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 27100, 27250
SUPPORT : - 26800, 26600
STRATEGY : - SELL ON HIGH


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CRUDEOIL (20 OCT.)






NATURAL GAS (28 OCT.)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 239.00, 242.00
SUPPORT : - 232.00, 228.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 5300, 5350
SUPPORT : - 5210, 5170
STRATEGY : - SELL ON HIGH



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COPPER (28 NOV.)






LEAD (31 OCT.)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 128.50, 129.50
SUPPORT : - 125.50, 124.50
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 415.50, 417.50
SUPPORT : - 410.50, 408.50
STRATEGY : - SELL ON HIGH



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ZINC (31 OCT.)





ALUMINUM (31 OCT.)




NICKEL (31 OCT.)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1025.00, 1035.00
SUPPORT : - 1005.00, 995.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 119.00, 120.00
SUPPORT : - 116.00, 115.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 144.00, 145.00
SUPPORT : - 141.00, 140.00
STRATEGY : - SELL ON HIGH



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GOLD 1221.96
SILVER 17.276
COPPER 3.016
CRUDEOIL 83.91
PALLANDIUM 788.40
PLATINUM 1256.70

USDINR 61.3725
EURUSD 01.2696
USDJPY 107.803
USDCHF 00.9536
GBPUSD 01.6116
USDCAD 01.1190



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