MONEY CLASSIC RESEARCH COMMODITY DAILY REPORT 21-10-2014 METALS & ENERGY UPDATE WWW.MONEYCLASSICRESEARCH.COM +91-9039-7777-00 Page 1 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 WWW.MONEYCLASSICRESEARCH.COM +91-9039-7777-00 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 Page 2 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. WWW.MONEYCLASSICRESEARCH.COM +91-9039-7777-00 Page 3 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. WWW.MONEYCLASSICRESEARCH.COM +91-9039-7777-00 Page 4 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. WWW.MONEYCLASSICRESEARCH.COM +91-9039-7777-00 Page 5 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. WWW.MONEYCLASSICRESEARCH.COM +91-9039-7777-00 Page 6 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 • WEBSITE- WWW.MONEYCLASSIC RESEARCH.COM • EMAIL- INFO@MONEYCLASSICRESEARCH.COM • CONTACT NO. - (M) 9039777700, (0)0731-4094475 WWW.MONEYCLASSICRESEARCH.COM +91-9039-7777-00 Page 7
© Copyright 2024