Money Maker Research Pvt. Ltd. Daily MCX News letter 14th May 2015
DAILY MCX News letter
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Money Maker Research Pvt. Ltd. MARKET WRAP
PRECIOUS METALS: Gold prices surpassed levels of Rs 27000 per 10 grams and ended the session at Rs 27528 per 10 grams. The prices tested a high of Rs 27568 per 10 grams and a low of Rs 27051 per 10 grams. For today’s trading session follow the strategy buy on dips. Keep eye on today’s upcoming data. ENERGY MCX Crude oil may contract is now in bullish trend. For today’s trading session we are expecting price may go higher side follow the strategy buys on dips. Crude oil closed at Rs.3909 and made day high at 3965. WTI crude oil prices stayed supported, extending recent gains ahead of the weekly EIA data. A key update from International Energy Agency (IEA) noted that the USS hale oil supplies are slowing. Global crude oil prices rallied in April and early May despite persistently high global supply and continued stock builds. BASE METALS MCX Copper June contract is traded in a range from last week. The range of copper is in between 410-420. Nearest resistance level at 423.50, Copper trend is bullish; made low of Rs 414.40 per kg. Copper ended the day at Rs 417.05 per kg. For today follow the strategy buy on dips. www.moneymakerfinancial.com An ISO 9001-2008 Company
Money Maker Research Pvt. Ltd. PIVOT POINT GOLD SUPPORT1: 27340 SUPPORT2: 27100 RESISTANCE1: 27690 RESISTANCE2: 27920 SILVER SUPPORT1: 38850 SUPPORT2: 38200 RESISTANCE1: 40100 RESISTANCE2: 40750 CRUDE OIL SUPPORT1: 3840 SUPPORT2:3795 RESISTANCE1: 3955 RESISTANCE2: 4005 COPPER SUPPORT1: 412 SUPPORT2: 409 RESISTANCE1: 420 RESISTANCE2: 424 www.moneymakerfinancial.com An ISO 9001-2008 Company
Money Maker Research Pvt. Ltd. PICK OF THE DAY
CALL: BUY GOLD JUN ABOVE 27520 TARGETS 27620, 27720 STOPLOSS 27320.
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