Today Mcx Commodity Market Report 17-09-2014
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Transcript of Today Mcx Commodity Market Report 17-09-2014
www.capitalheight.com
Phone- (0731)6615050-6620150
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%
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Phone- (0731)6615050-6620150
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
www.capitalheight.com
Phone- (0731)6615050-6620150
ALUMINIUM(SEP)
Disclaimer
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Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Money CapitalHeight Research Pvt. Ltd. recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money CapitalHeight Research Pvt. Ltd. shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDEX.
The metals price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Money CapitalHeight Research Pvt. Ltd. might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
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• Consolidate
• Buy on dips
Trend
Strategy •R2 - 126.5
•R1 - 124.3 Resistance
•S1 - 120.3
•S2 - 117.5 support