Daily Mcx Newsletter 10 June 2014

8/12/2019 Daily Mcx Newsletter 10 June 2014

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ULLION:apping a six-session losing streak, gold prices rose marginally in the

mestic bullion market today on renewed off-take from jewellery stockists

cked by positive overseas sentiment.

ver also rose sharply owing to increased demand from industrial units as

ll as speculative build-up.

andard gold (99.5 purity) firmed up by Rs 55 to end at Rs 26,660 per 10

ams from last Saturday's closing level of Rs 26,605.

ENERGY:rent futures rose above $110 a barrel on Tuesday, after posting their biggest

aily gain in nearly two months in the previous session, on hopes of healthy

emand growth from the United States and China - the world's top two oil

onsumers.

hina's central bank cut the level of reserves banks must hold for those that

ave sizeable loans to the farming sector and small- and medium-sized firms,

elping support the economy.

BASE METAL:mid a weak trend in the global market and subdued spot demand, copper

rices fell marginally by 0.79 per cent to Rs 395.55 per kg in futures trade today

s speculators trimmed positions.

t the Multi Commodity Exchange, copper for delivery in June shed Rs 3.25, or

79 per cent, to Rs 395.55 per kg in business turnover of 2,089 lots.

milarly, the metal for delivery in August traded lower by Rs 3.10, or 0.77 per

ent to Rs 399.40 er k in 139 lots.


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BULLION

OUTLOOK:

TREND : - CONSOLIDATERESISTANCE : - 40600, 40900SUPPORT : - 39900, 39600STRATEGY : - BUY ON DIPS

OUTLOOK:



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ENERGY

OUTLOOK:

TREND : - CONSOLIDATERESISTANCE : - 280.00, 284.00SUPPORT : - 272.00, 268.00STRATEGY : - BUY ON DIPS

OUTLOOK:



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BASE METAL

OUTLOOK:

TREND : - CONSOLIDATERESISTANCE : - 128.00, 129.00SUPPORT : - 125.00, 124.00STRATEGY : - SELL ON HIGH

OUTLOOK:



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OUTLOOK:

TREND : - CONSOLIDATE

RESISTANCE : - 1130.00, 1140.00SUPPORT : - 1110.00, 1100.00STRATEGY : - BUY ON DIPS

OUTLOOK:

TREND : - BULLISHRESISTANCE : - 114.00, 115.00SUPPORT : - 111.00, 110.00STRATEGY : - BUY ON DIPS

OUTLOOK:



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GOLD 1254.31SILVER 19.065COPPER 3.041CRUDEOIL 104.66PALLANDIUM 840.90PLATINUM 1451.00

USDINR 59.3600EURUSD 01.3588USDJPY 102.325USDCHF 00.8971GBPUSD 01.6806USDCAD 01.0901


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Daily Mcx Newsletter 10 June 2014

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