MONEY CLASSIC RESEARCH COMMODITY DAILY REPORT METALS & ENERGY UPDATE

MONEY CLASSIC RESEARCH
COMMODITY DAILY REPORT
21-10-2014
METALS & ENERGY UPDATE
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COMMODITY DAILY REPORT 21-10-2014
DAILY MARKET WRAPUP:
COMMODITY
OPEN
HIGH
LOW
CLOSE
SILVER
GOLD
CRUDEOIL
NETURALGAS
ZINC
LEAD
ALLUMINIUM
COPPER
NICKEL
38410
27219
5093
230.40
137.65
123.95
120.00
408.05
965.00
38780
27490
5115
230.40
138.05
124.60
121.75
409.30
965.00
38410
27204
5052
226.20
136.30
123.20
119.90
405.50
937.00
38716
27436
5068
227.00
136.60
124.20
120.80
406.70
940.50
INTRADAY SUPPORT AND RESISTANCE:
COMMODITY SUP.2
SILVER
GOLD
CRUDEOIL
NETURALGAS
ZINC
LEAD
ALLUMINIUM
COPPER
NICKEL
38265
27090
5015
223.67
135.23
122.60
118.97
403.37
919.00
SUP.1
38490
27263
5041
225.33
135.92
123.40
119.88
405.03
929.00
PIVOT
38635
27376
5078
227.87
136.98
124.00
120.82
407.17
947.00
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RES.1
38860
27549
5104
229.53
137.67
124.80
121.73
408.83
957.00
RES.2
39005
27662
5141
232.07
138.73
125.40
122.67
410.97
975.00
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COMMODITY DAILY REPORT 21-10-2014
COMMODITY NEWS:
 Gold re-approaches 5-week high on weaker dollar. Gold prices
rose to re-approach a five-week high on Monday, as a broadly
weaker U.S. dollar boosted the appeal of the precious metal.
 Brent oil futures extend rebound from four-year low. Brent oil
futures edged higher on Monday, as investors returned to the
market to seek cheap valuations in wake of recent losses and to
close out bets on lower price.
 Copper trades near 7-month low ahead of China GDP data. Copper
futures edged lower during European morning trade on Monday, as
market players looked ahead to key economic data later in the
week which could provide more evidence of a slowdown in China
 Worldsteel announces the 9th steelChallenge launch date.
steelChallenge-9 will begin with the regional championship round
on 19 November 2014 and will finish with the world championship
round on 11 February 2015. There are two categories: ‘Student’
and ‘Industry’. Entrants in both categories will compete online
from their own countries in the first round and the winners will
come together in Belgium for the world championship.
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COMMODITY DAILY REPORT 21-10-2014
GOLD TECHNICAL UPDATE
MCX GOLD DEC2014
Researcher View:The above Daily chart of Gold suggest that prices have reversed after
taking support level. RSI SAR is in a Buy mode. We expect prices to
correct up to levels of 27570.
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COMMODITY DAILY REPORT 21-10-2014
SILVER TECHNICAL UPDATE
MCX SILVER DEC2014
Researcher View:The above Daily chart of Silver suggest that prices have reversed after
taking support level. Parabolic SAR is in a buy mode. We expect prices
to correct up to levels of 39100.
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COMMODITY DAILY REPORT 21-10-2014
CRUDEOIL TECHNICAL UPDATE
MCX CRUDEOIL OCT2014
Researcher View:The above Daily chart of Crude oil suggest that prices have reversed
after taking resistance level. RSI is in a sell mode. We expect prices to
correct up to levels of 5000.
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COMMODITY DAILY REPORT 21-10-2014
DISCLAIMER
• The information contained here was gathered from sources deemed reliable
however; no claim is made as to accuracy or content. This does not contain specific
recommendations to buy or sell at particular prices or time, nor should any
examples presented be deemed as such. There is a risk of loss in commodity
trading and you should carefully consider your financial position before making a
trade. This is not, nor is it intended, to be a complete study of chart patterns or
technical analysis and should not be deemed as such. Money Classic Investment
Advisors does not guarantee that such information is accurate or complete and it
should not be relied upon as such. Any opinions expressed reflect judgments at this
date and are subject to change without notice. For use at the sole discretion of the
investor without any liability on Money Classic Investment Advisors.
• MONEY CLASSIC INVESTMENT ADVISORS
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