MCX Commodity Daily Report For Today

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Transcript of MCX Commodity Daily Report For Today

Page 1: MCX Commodity Daily Report For Today

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DAILY EQUITY REPORT

10/03/2015 MCX DAILY REPORT

18TH

SEPTEMBER 2015

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10/03/2015

US Dollar Tumbles as Fed Leaves Rates Unchanged.Yellen May

Emulate Taper Template and Raise Rates in December.

Gold jumped in Asia after a tepid start as the Federal Reserve kept

its benchmark interest rate steady in the face of global economic

volatility.

A powerful earthquake in Chile has turned the copper market's

focus back onto supply risks rather than Chinese demand, after

mine operations have once again been disrupted in a country.

NYMEX crude weaker in Asia after Fed, Baker Hughes rig count

ahead and comments on global economnic weakness.

A U.S. aluminium industry body has called on federal authorities

to investigate allegations that Chinese producers of the metal are

improperly labelling their exports, flooding the market and driving

down global prices.

METALS & ENERGY UPDATE

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TECHNICAL LEVELS:

PRECIOUS METALS

ENERGY

BASE METALS

COPPER

SUPPORT1: 358

SUPPORT2: 355

RESISTANCE1: 362

RESISTANCE2: 367

SILVER

SUPPORT1: 35700

SUPPORT2: 35200

RESISTANCE1: 36350

RESISTANCE2: 36800

GOLD

SUPPORT1: 26350

SUPPORT2: 26245

RESISTANCE1: 26520

RESISTANCE2: 26680

NATURAL GAS

SUPPORT1: 174

SUPPORT2: 170

RESISTANCE1: 178

RESISTANCE2: 181

CRUDE OIL

SUPPORT1: 3075

SUPPORT2: 3000

RESISTANCE1: 3160

RESISTANCE2: 3260

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GOLD:

GOLD

BUY GOLD OCT AROUND 26400 TARGETS 26520 STOPLOSS 26280.

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CHART OF THE DAY

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DAILY EQUITY REPORT

10/03/2015

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