MCX Commodity Report For Today: 18th August

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DAILY EQUITY REPORT

10/03/2015 MCX DAILY REPORT

18th

AUGUST 2015


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DAILY EQUITY REPORT

10/03/2015

German Chancellor confident the IMF will join third bailout. With

this update European market moved higher on Monday.

Gold higher as risk of the devaluation of the yuan by the PBOC

continues to prompt safe-haven buying. The weaker yuan could

still prompt the US Federal Reserve not to raise interest rates as

soon as next month, is supporting gold prices.

China has been pushing local governments out of shadow banking

and into the sunlight with a 2.6 trillion yuan ($407 billion) bond

programme in an effort to boost the economy, is supporting

copper prices but strong dollar pressurized copper. Copper closed

lower on Monday on stronger dollar.

Crude oil pressurized and opened lower on Tuesday. Baker

Hughes reported its oil rig count rose for a fourth straight week.

The number of rigs drilling for oil in the United States rose by 2

from the previous week, bringing the total to 672.

METALS & ENERGY UPDATE


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10/03/2015

TECHNICAL LEVELS:

PRECIOUS METALS

ENERGY

CRUDE OIL IS STILL LOOKING DOWN

ON THE CHART. WE HAVE BEARISH

VIEW FOR THE DAY. ONLY BREAK

ABOVE 2800 CAN MOVE PRICE

UPWARD TO 2850 AND 2915 LEVELS.

UNTILL THAT PRICES MIGHT MOVE

LOWER TOWARD 2625 LEVELS FOR THE DAY.

SILVER

SUPPRT1: 35650

SUPPORT2: 35300

RESISTANCE1: 36000

RESISTANCE2: 36400

GOLD

SUPPRT1: 25850

SUPPORT2: 25700

RESISTANCE1: 26140

RESISTANCE2: 26300

CRUDE OIL

SUPPRT1: 2700

SUPPORT2: 2625

RESISTANCE1: 2800

RESISTANCE2: 2850

SILVER MIGHT CONTINUE IT’S

UPTREND FOR THE DAY. BIAS ARE

BULLISH FOR THE DAY. TRADERS

CAN HOLD THEIR LONG POSITION.

BUY ON DIPS STRATEGY SHOULD BE

USED FOR THE DAY. BREAKOUT

BELOW 35650 CAN REVERSAL FOR

THIS UPTRAND FOR THE SILVER.

PRICES CAN MOVE LOWER

TOWARDS 34800 IF SUPPORT OF

35300 WILL BREAK.


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10/03/2015

BIAS IS RANGEBOUND. PRICES WILL

BE IN RANGE FOR THE DAY.

BASE METALS

COPPER

SUPPRT1: 334

SUPPORT2: 330

RESISTANCE1: 338

RESISTANCE2: 342

LEAD

SUPPRT1: 112.20

SUPPORT2: 110.80

RESISTANCE1: 113.70

RESISTANCE2: 114.60

NATURAL GAS

SUPPRT1: 177

SUPPORT2: 174

RESISTANCE1: 181

RESISTANCE2: 184


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DAILY EQUITY REPORT

10/03/2015

SELL ZINC AT 118.70 TARGET 116.50 STOP LOSS 120.60.

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CHART OF THE DAY


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DAILY EQUITY REPORT

10/03/2015

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MCX Commodity Report For Today: 18th August

Economy & Finance

Transcript of MCX Commodity Report For Today: 18th August