Today Mcx Commodity Market Trends & Report 26-09-2014
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Transcript of Today Mcx Commodity Market Trends & Report 26-09-2014
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Phone- (0731)6615050-6620150
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%
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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
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Phone- (0731)6615050-6620150
ALUMINIUM(SEP)
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
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
• Sell on high
Trend
Strategy •R2 - 122.5
•R1 - 120.3 Resistance
•S1 - 116.3
•S2 - 113.5 support