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27-MAY.-2014
DAILY MCX NEWSLETTER
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09200009266


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BULLION:
Gold prices declined by Rs 50 to Rs 28,270 per ten grams in the national
capital today on slackened demand from jewellers at prevailing levels amid a
weak trend in global markets.

Silver also fell by Rs 50 to Rs 41,450 per kg on reduced offtake by industrial
units.

Marketmen said besides sluggish demand from jewellers and shifting of funds
from bullion to rising equities also influenced the sentiment.

ENERGY:
Brent crude fell below $110 a barrel on Monday, dipping further from last week's
two-and-a-half month high as worries over Ukraine eased slightly after its
presidential election.

Resistance levels for Brent and US crude, or West Texas Intermediate (WTI), on
technical charts are also keeping a lid on gains. Market activity is expected to be
limited as the US and UK markets are closed for holidays.



BASE METAL:
Aluminium prices went up by 0.29 per cent to Rs 104.65 per kg in futures trade
today as participants strengthened their positions, supported by an upward
trend overseas.

Further, strong demand in the spot markets also influenced metal prices.

At the Multi Commodity Exchange, aluminium for delivery in May inched up by
30 paise, or 0.29 per cent, to Rs 104.65 per kg in business turnover of 125 lots.



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GOLD (5 JUN.)




SILVER (5 JULY.)








BULLION
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 41500, 41800
SUPPORT : - 40800, 40500
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 27700, 27900
SUPPORT : - 27250, 27100
STRATEGY : - SELL ON HIGH


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CRUDEOIL (19 JUN.)






NATURAL GAS (27 MAY.)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 263 .50, 267.00
SUPPORT : - 255.00, 251.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 6200, 6230
SUPPORT : - 6130, 6100
STRATEGY : - BUY ON DIPS



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COPPER (30 JUN.)






LEAD (30 MAY.)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 126.50, 127.50
SUPPORT : - 124.00, 123.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 420.00, 423.00
SUPPORT : - 413.00, 410.00
STRATEGY : - SELL ON HIGH



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ZINC (30 MAY.)





ALUMINUM (30 MAY.)




NICKEL (30 MAY.)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 1165.00, 1180.00
SUPPORT : - 1140.00, 1130.00
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 107.00, 107.00
SUPPORT : - 103.50, 102.50
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 124.00, 125.00
SUPPORT : - 121.50, 120.50
STRATEGY : - SELL ON HIGH



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GOLD 1291.98
SILVER 19.375
COPPER 3.176
CRUDEOIL 104.35
PALLANDIUM 833.50
PLATINUM 1476.40

USDINR 58.8900
EURUSD 01.3656
USDJPY 101.960
USDCHF 00.8944
GBPUSD 01.6858
USDCAD 01.0843



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