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21-OCT.-2014
DAILY MCX NEWSLETTER
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09200009266


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BULLION:

Gold snapped two days of losses to rise on Monday as renewed weakness in
European stocks boosted interest in the metal as an alternative asset, though a
tentative recovery in risk appetite in other markets limited its gains.

The metal rebounded sharply after falling to its lowest in over a year earlier this
month, as jitters over growth prompted stock markets to sell off aggressively.




ENERGY:
Brent crude slipped below $86 a barrel on Monday, resuming a downward move that
took the global oil benchmark to near a four-year low last week as supply overwhelmed
weak demand in several key markets.

Abundant global oil supplies, particularly of high quality, light oil, coupled with a
gloomy economic outlook from Europe to China pushed Brent last week below $83, its
lowest since 2010.



BASE METAL:
Aluminium prices fell 0.88 per cent to Rs 117.70 per kg in futures trade today as
speculators offloaded their positions amid weak cues from global markets.

Further, sluggish demand in the domestic spot markets weighed on the metal prices.

At the Multi Commodity Exchange, aluminium for delivery in October declined by Rs
1.05, or 0.88 per cent, to Rs 117.70 per kg in a business turnover of 267 lots.





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GOLD (5 DEC.)




SILVER (5 DEC.)








BULLION
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 38900, 39200
SUPPORT : - 38100, 37800
STRATEGY : - BUY ON DIPS

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 27650, 27800
SUPPORT : - 27200, 27000
STRATEGY : - BUY ON DIPS


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CRUDEOIL (19 NOV.)






NATURAL GAS (28 OCT.)








ENERGY
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 229.00, 233.00
SUPPORT : - 221.00, 217.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 5120, 5170
SUPPORT : - 5020, 4970
STRATEGY : - SELL ON HIGH



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COPPER (28 NOV.)






LEAD (31 OCT.)








BASE METAL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 124.50, 125.50
SUPPORT : - 121.00, 120.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 409.50, 412.00
SUPPORT : - 404.00, 401.00
STRATEGY : - SELL ON HIGH



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ZINC (31 OCT.)





ALUMINUM (31 OCT.)




NICKEL (31 OCT.)








OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 945.00, 955.00
SUPPORT : - 925.00, 915.00
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 122.00, 123.00
SUPPORT : - 118.50, 117.50
STRATEGY : - SELL ON HIGH

OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 137.00, 138.00
SUPPORT : - 133.50, 132.50
STRATEGY : - SELL ON HIGH



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GOLD 1247.23
SILVER 17.387
COPPER 2.987
CRUDEOIL 82.03
PALLANDIUM 762.80
PLATINUM 1269.50

USDINR 61.6125
EURUSD 01.2756
USDJPY 106.862
USDCHF 00.9462
GBPUSD 01.6086
USDCAD 01.1274



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