Daily Mcx Commodity Market News Update By Money CapitalHeight

Daily Newsletter-Commodity 15/01/2014

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MARKET WRAP

Gold for February delivery slid 0.3 percent to $1,241.70 an ounce

Silver lost 0.3 percent to $20.1947 an ounce

Crude rising 0.9 percent

Copper dropped 0.7 percent on the LME

Gold dropped for a second day from the highest level in a month as the rally

reduced demand amid speculation that the U.S. Federal Reserve will continue

reducing asset purchases. Silver lost 0.3 percent to $20.1947 an ounce after

climbing to $20.6094 yesterday, the highest since Nov. 18. West Texas

Intermediate swung between gains and losses amid speculation U.S. crude

stockpiles declined and signs the world’s biggest oil consumer will sustain its

economic growth. Copper dropped 0.7 percent on the London Metal Exchange

yesterday after two days of gains. Futures on the Comex in New York fell 0.1

percent to $3.334 a pound today.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Wed Jan 15

3:30pm EUR Trade Balance 16.7B 14.5B

7:00pm USD PPI m/m 0.5% -0.1%

USD Core PPI m/m 0.1% 0.1%

USD Empire State Manufacturing Index

3.2 1.0

9:00pm USD Crude Oil Inventories -2.7M


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Phone- (0731)6615050-6620150

TECHNICAL VIEW

GOLD(FEB) SILVER(MAR)

COPPER(FEB) CRUDE(JAN)

NATURALGAS(JAN) LEAD(JAN)

ZINC(JAN) NICKEL(JAN)

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 29750

• R1 - 29370 Resistance

• S1 - 28750

• S2 - 28480 support

• Consolidate

• Sell on high

Trend



• S1 - 44150


• Consolidate

• Sell on high

Trend



• S1 - 451


• Consolidate

• Buy on dips

Trend



• S1 - 5610


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 281

•R1 - 273 Resistance

•S1 - 261

•S2 - 253 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 137.7

• R1 - 134.8 Resistance

• S1 - 130.8

•S2 - 127.8 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 131.5

•R1 - 128.8 Resistance

•S1 - 125.5


• Consolidate

• Sell on high

Trend

Strategy •R2 - 915

•R1 - 898 Resistance

•S1 - 838

•S2 - 795 support


[email protected]

Phone- (0731)6615050-6620150

ALUMINIUM(JAN)

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• Consolidate

• Sell on high

Trend

Strategy •R2 - 111.5

•R1 - 108.8 Resistance

•S1 - 105.5


Daily Mcx Commodity Market News Update By Money CapitalHeight

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