Today Mcx Commodity Market Report 17-09-2014

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Daily Newsletter-Commodity 17/09/2014 www.capitalheight.com

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Gold advanced for a second straight day,Silver futures for delivery in December rose 0.5 percent, Crude climbed to a two-week high

Transcript of Today Mcx Commodity Market Report 17-09-2014

Page 1: Today Mcx Commodity Market Report 17-09-2014

Daily Newsletter-Commodity 17/09/2014

www.capitalheight.com

Page 2: Today Mcx Commodity Market Report 17-09-2014

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MARKET WRAP

Gold advanced for a second straight day

Silver futures for delivery in December rose 0.5 percent

Crude climbed to a two-week high

Gold advanced for a second straight day as a drop in the dollar and a report

that China’s central bank implemented new stimulus measures boosted demand for

the metal as an alternative investment. Silver futures for delivery in December rose

0.5 percent to $18.721 an ounce on the Comex.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Wed Sep 17

1:30am USD TIC Long-Term Purchases 24.3B -18.7B

6:00pm USD CPI m/m 0.1% 0.1%

USD Core CPI m/m 0.2% 0.1%

USD Current Account -114B -111B

7:30pm USD NAHB Housing Market Index 56 55

8:00pm USD Crude Oil Inventories -0.9M -1.0M

11:30pm USD FOMC Economic Projections

USD FOMC Statement

USD Federal Funds Rate <0.25% <0.25%

Page 3: Today Mcx Commodity Market Report 17-09-2014

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TECHNICAL VIEW

GOLD(OCT) SILVER(DEC)

COPPER(NOV) CRUDE(SEP)

NATURALGAS(SEP) LEAD(SEP)

ZINC(SEP) NICKEL(SEP)

• Consolidate

• Sell on high

Trend

Strategy • R2 - 27550

• R1 - 27280 Resistance

• S1 - 26650

• S2 - 26380 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 43100

• R1 - 42150 Resistance

• S1 - 40250

• S2 - 39180 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 443

• R1 - 435 Resistance

• S1 - 417

• S2 - 409 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 5895

• R1 - 5820 Resistance

• S1 - 5710

• S2 - 5640 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 255

•R1 - 247 Resistance

•S1 - 233

•S2 - 227 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 133.5

• R1 - 131.7 Resistance

• S1 - 127.4

•S2 - 125.5 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 143.5

•R1 - 140.9 Resistance

•S1 - 137.2

•S2 - 135.3 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 1145

•R1 - 1127 Resistance

•S1 - 1085

•S2 - 1068 support

Page 4: Today Mcx Commodity Market Report 17-09-2014

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[email protected]

Phone- (0731)6615050-6620150

ALUMINIUM(SEP)

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 126.5

•R1 - 124.3 Resistance

•S1 - 120.3

•S2 - 117.5 support