DAILY MCX NEWSLETTER 03-SEP.

-2013

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BULLION
US gold futures edged down on Monday amid concerns over possible withdrawal of US Federal Reserve monetary stimulus, higher than expected China manufacturing data and Barack Obama's recent decision to obtain congressional approval before taking any military action against Syria. In a latest development, US president Barack Obama has decided to obtain a congressional approval before taking military attack against Syrian forces in response to alleged chemical weapon attack on its Syrians. Analysts expect that, US Central Bank may start tapering its bullion friendly stimulus program in September.

BASE METAL
Chinese dragon is emerging key factor yet again as copper prices have surged the most in three weeks. Chinese production has helped copper demand surge in the Asian country. In its latest report, RBC Capital Markets Ltd noted that the base metal has gained mainly on account of the Chinese demand, which has influenced the consumption demand from the country.

ENERGY
Gold skidding and oil slipping. No wonder, the recent international political developments have made the financial markets risky and unstable.

Investors seek to get an answer to one prominent question: How to trade the ongoing events in Syria?

Here is the answer. Go long on gold. And stay watchful about oil. Save your money for more

Manufacturing data out of China has proven supportive to base metals, RBC Capital Markets Ltd said in a report today. Manufacturing activity has strengthened last month in China, the worlds largest consumer of the metal. As per the official data, the benchmark manufacturing gauge jumped to a 16-month high of 51 and a separate measure from HSBC Holdings Plc and Markit Economics jumped the most in three years to 50.1. Readings above 50 indicate expansion.

buys. This is the voice coming across the investor arena globally.

After hitting a recent highs of $ 1433 on ounce gold slipped to $ 1392 an ounce today. While gold started backwards from its peak levels several investment think tank believed gold prices are turning bearish yet again, this mainly in the light of the ongoing Syrian crisis.

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BULLION
GOLD (5 OCT.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 33300, 33860 : - 32600, 32400 : - BUY ON DIPS

SILVER (5 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 57900, 58850 : - 56180, 55725 : - BUY ON DIPS HIGH

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ENERGY

CRUDEOIL (19 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 7260, 7320 : - 7110, 7060 : - SELL ON HIGHS

NATURAL GAS (25 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 254.00, 260.00 : - 244.50, 240.00 : - BUY ON DIPS

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BASE METAL
COPPER (29 NOV.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -500.00, 505.00 : - 490.00, 485.00 : - BUY ON DIPS

LEAD (30 SEP.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 146.80, 147.50 : - 145.50, 144.70 : - BUY ON DIPS

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ZINC (30 SEP.)

ALUMINUM (30 SEP.)

NICKEL (30 SEP.)

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GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1392.88 24.070 03.289 106.65 03.665 715.00 1518.50

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

66.0000 01.3191 99.5200 00.9344 01.5549 01.0551

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