Today Mcx Commodity Market Technical Analysis 10-Nov-2014

Daily Newsletter-Commodity 10/11/2014

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MARKET WRAP

Gold fell from the highest level in a week

Silver for immediate delivery decreased 0.4 percent

Crude oil rose 0.2 percent to $78.82 a barrel

Dollar extended losses against major

Copper futures were down 0.1 percent on the Comex

The dollar extended losses against major and emerging-market peers in Asia after

U.S. payrolls data stoked speculation the Federal Reserve will keep interest

rates lower for longer. Gold fell from the highest level in a week on expectations that

U.S. borrowing costs will increase, and as assets in the largest exchange-traded

product backed by the metal extended declines. Silver for immediate delivery

decreased 0.4 percent to $15.7254 an ounce after advancing 2.4 percent on Nov. 7,

the most on a month. Copper futures were down 0.1 percent on the Comex today, at

$3.0365 a pound. China is the world’s biggest consumer of industrial metals. West

Texas Intermediate crude oil rose 0.2 percent to $78.82 a barrel after climbing 0.9

percent Nov. 7 as traders interpreted the U.S. jobs data as being positive for fuel

demand.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Mon Nov 10

2:30pm EUR Italian Industrial Production m/m

0.2% 0.3%

3:00pm EUR Sentix Investor Confidence -6.9 -13.7


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TECHNICAL VIEW

GOLD(DEC) SILVER(DEC)

COPPER(NOV) CRUDE(NOV)

NATURALGAS(NOV) LEAD(NOV)

ZINC(NOV) NICKEL(NOV)

• Consolidate

• Sell on high

Trend

Strategy • R2 - 26680

• R1 - 26250 Resistance

• S1 - 25750

• S2 - 25580 support

• Consolidate

• Sell on high

Trend



• S1 - 33850


• Consolidate

• Sell on high

Trend



• S1 - 401


• Consolidate

• Buy on dips

Trend



• S1 - 4780


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 287

•R1 - 279 Resistance

•S1 - 268

•S2 - 259 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 127.5

• R1 - 125.7 Resistance

• S1 - 122.8

•S2 - 119.5 support

• Consolidate

• Sell on high

Trend

Strategy •R2 - 143.3

•R1 - 140..5 Resistance

•S1 - 135.8


• Consolidate

• Sell on high

Trend

Strategy •R2 - 1017

•R1 - 985 Resistance

•S1 - 925

•S2 - 905 support


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ALUMINIUM(NOV)

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• Consolidate

• Sell on high

Trend

Strategy •R2 - 130.5

•R1 - 128.2 Resistance

•S1 - 125.3


Today Mcx Commodity Market Technical Analysis 10-Nov-2014

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Transcript of Today Mcx Commodity Market Technical Analysis 10-Nov-2014