Today Mcx Commodity Market Report 17-12-2013

Daily Newsletter-Commodity 17/12/2013

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MARKET WRAP

Gold prices climbed for a second day

Lead, tin and zinc rose in London, while nickel and aluminum fell

Copper futures capped the longest rally in three years

Crude Oil slipped below 98$

Gold traded little changed before the Federal Reserve starts a two-day meeting today as

investors await the central bank’s decision on the timeline for reducing stimulus in the

U.S. Silver for immediate delivery was little changed at $20.0172 an ounce after climbing

to $20.302 yesterday, the highest since Dec. 12. Copper futures capped the longest rally

in three years as global inventories fell to the lowest in 12 months, signaling rising metals

demand as economic growth improves.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Tue Dec 17

3:30pm EUR German ZEW Economic Sentiment

55.3 54.6

EUR CPI y/y 0.9% 0.9%

EUR Core CPI y/y 1.0% 0.8%

EUR ZEW Economic Sentiment 60.9 60.2

All Day EUR Eurogroup Meetings

7:00pm USD Core CPI m/m 0.1% 0.1%

USD CPI m/m 0.1% -0.1%

USD Current Account -101B -99B

8:30pm USD NAHB Housing Market Index 55 54


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TECHNICAL VIEW

GOLD(FEB) SILVER(MAR)

COPPER(FEB) CRUDE(DEC)

NATURALGAS(DEC) LEAD(DEC)

ZINC(DEC) NICKEL(DEC)

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 29750

• R1 - 29270 Resistance

• S1 - 28660

• S2 - 28250 support

• Consolidate

• Sell on high

Trend



• S1 - 44350


• Consolidate

• Buy on dips

Trend



• S1 - 451


• Consolidate

• Buy on dips

Trend



• S1 - 5980


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 277

•R1 - 269 Resistance

•S1 - 257

•S2 - 249 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 137.7

• R1 - 134.8 Resistance

• S1 - 130.5

•S2 - 128.8 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 126.5

•R1 - 123.8 Resistance

•S1 - 120.1


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 913

•R1 - 895 Resistance

•S1 - 838

•S2 - 813 support


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ALUMINIUM(DEC)

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 113.5

•R1 - 111.8 Resistance

•S1 - 108.3


Today Mcx Commodity Market Report 17-12-2013

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Transcript of Today Mcx Commodity Market Report 17-12-2013