Mcx Gold Silver Market Update Today By Money CapitalHeight

Daily Newsletter-Commodity 23/12/2013

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MARKET WRAP

Silver for immediate delivery lost as much as 1.3 percent

Nickel for delivery in three months climbed 1.3 percent

Zinc headed for the highest close since Feb. 28

Crude climbed to a two-month high

Gold is heading for the first annual decline since 2000 after investors lost their faith

in precious metals as a store of value. Silver for immediate delivery lost as much as

1.3 percent to $19.0044 an ounce, the lowest price since Dec. 4, before trading 0.3

percent higher at $19.30. Copper rose in London, narrowing a weekly drop, as

traders bought metal to close out bets on lower prices amid prospects for a stronger

world economy. crude climbed to a two-month high after a report showed the U.S.

economy expanded in the third quarter at a faster rate than previously estimated.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Mon Dec 23

12:30pm EUR German Import Prices m/m 0.4% -0.7%

7:00pm USD Core PCE Price Index m/m 0.1% 0.1%

USD Personal Spending m/m 0.5% 0.3%

USD Personal Income m/m 0.4% -0.1%

7:30pm EUR Belgian NBB Business Climate -3.9 -4.3

8:25pm USD Revised UoM Consumer Sentiment 82.9 82.5

USD Revised UoM Inflation Expectations

3.0%


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Phone- (0731)6615050-6620150

TECHNICAL VIEW

GOLD(FEB) SILVER(MAR)

COPPER(FEB) CRUDE(JAN)

NATURALGAS(DEC) LEAD(DEC)

ZINC(DEC) NICKEL(DEC)

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 29150

• R1 - 28770 Resistance

• S1 - 28050

• S2 - 27780 support

• Consolidate

• Sell on high

Trend



• S1 - 43350


• Consolidate

• Buy on dips

Trend



• S1 - 451


• Consolidate

• Buy on dips

Trend



• S1 - 6130


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 291

•R1 - 283 Resistance

•S1 - 271

•S2 - 265 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 140.7

• R1 - 137.8 Resistance

• S1 - 133.5

•S2 - 130.8 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 130.5

•R1 - 127.8 Resistance

•S1 - 124.1


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 945

•R1 - 913 Resistance

•S1 - 868

•S2 - 835 support


[email protected]

Phone- (0731)6615050-6620150

ALUMINIUM(DEC)

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 113.5

•R1 - 110.8 Resistance

•S1 - 107.3


Mcx Gold Silver Market Update Today By Money CapitalHeight

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