Today Mcx Commodity Market Trends & Report 26-09-2014

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Daily Newsletter-Commodity 26/09/2014 www.capitalheight.com

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Gold futures for December delivery rose 0.2 percent,Silver futures for delivery in December fell 1.5 percent,Copper prices dropped to a 14-week low,Aluminum declined 1.2 percent to $1,950.50 a ton,Nickel, lead and zinc dropped in London,

Transcript of Today Mcx Commodity Market Trends & Report 26-09-2014

Page 1: Today Mcx Commodity Market Trends & Report 26-09-2014

Daily Newsletter-Commodity 26/09/2014

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Page 2: Today Mcx Commodity Market Trends & Report 26-09-2014

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MARKET WRAP

Gold futures for December delivery rose 0.2 percent

Silver futures for delivery in December fell 1.5 percent

Copper prices dropped to a 14-week low

Aluminum declined 1.2 percent to $1,950.50 a ton

Nickel, lead and zinc dropped in London,

Gold futures rose as a decline in U.S. equities reignited demand for an alternative

asset. Silver futures for delivery in December fell 1.5 percent to $17.438 an ounce on

the Comex, after reaching $17.27, the lowest since June 2010. Copper prices

dropped to a 14-week low after a report showed demand for durable goods in August

tumbled by a record in the U.S., the world’s second-biggest consumer of the metal.

West Texas Intermediate rose to the highest level in a week as crude inventories

shrank in the U.S., the world’s biggest consumer.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Fri Sep 26

11:30am EUR GfK German Consumer Climate 8.5 8.6

EUR German Import Prices m/m -0.2% -0.4%

6:00pm USD Final GDP q/q 4.6% 4.2%

USD Final GDP Price Index q/q 2.1% 2.1%

7:25pm USD Revised UoM Consumer Sentiment 85.1 84.6

USD Revised UoM Inflation Expectations 3.0%

Page 3: Today Mcx Commodity Market Trends & Report 26-09-2014

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TECHNICAL VIEW

GOLD(OCT) SILVER(DEC)

COPPER(NOV) CRUDE(OCT)

NATURALGAS(OCT) LEAD(SEP)

ZINC(SEP) NICKEL(SEP)

• Consolidate

• Sell on high

Trend

Strategy • R2 - 27480

• R1 - 27150 Resistance

• S1 - 26750

• S2 - 26280 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 41500

• R1 - 40350 Resistance

• S1 - 38250

• S2 - 37180 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 429

• R1 - 422 Resistance

• S1 - 411

• S2 - 403 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 5845

• R1 - 5780 Resistance

• S1 - 5640

• S2 - 5570 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 261

•R1 - 253 Resistance

•S1 - 239

•S2 - 232 support

• Consolidate

• Sell on high

Trend

Strategy • R2 - 130.5

• R1 - 128.7 Resistance

• S1 - 124.4

•S2 - 121.5 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 142.5

•R1 - 139.9 Resistance

•S1 - 136.2

•S2 - 133.3 support

• Consolidate

• Sell on high

Trend

Strategy •R2 - 1085

•R1 - 1067 Resistance

•S1 - 1015

•S2 - 988 support

Page 4: Today Mcx Commodity Market Trends & Report 26-09-2014

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ALUMINIUM(SEP)

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• Consolidate

• Sell on high

Trend

Strategy •R2 - 122.5

•R1 - 120.3 Resistance

•S1 - 116.3

•S2 - 113.5 support