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24 NOV 28 NOV 2014 W E E K L Y R E P O R T Blow by Blow On Bullions, Base metals, Energy… WWW.TRIFIDRESEARCH.COM

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free Weekly MCX Tips, MCX Tips, Intraday Tips, Free Intraday MCX Tips, MCX Market Tips Updated Daily, NSE, BSE MCX Tips, Stock Trends etc. Throw Depth Market Analysis.

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Page 1: Free Weekly Intraday MCX Tips

24 NOV – 28 NOV 2014

W E E K L Y

R

E

P

O

R

T

Blow by Blow

On

Bullions,

Base metals,

Energy…

WWW.TRIFIDRESEARCH.COM

Page 2: Free Weekly Intraday MCX Tips

MAJOR EVENTS Gold futures traded volatile on Friday on the back major economic events such as

FOMC minutes release, ECB president speech and China rate cuts.The euro tumbled,

after comments from officials both the euro zone. The euro currency quotes at

$1.2434, down 0.85% on Thursday and the US dollar index quotes at 88.16, up 0.52%

on Thursday. European Central Bank President Mario Draghi sent a strong signal

Friday that the central bank is ready to step up the pressure and expand its asset-

purchase programs if inflation fails to show signs of quickly returning to the ECB's

target. If on its current trajectory our policy is not effective enough to achieve this, or

further risks to the inflation outlook materialize, we would step up the pressure and

broaden even more the channels through which we intervene, by altering accordingly

the size, pace and composition of our purchases, Mr. Draghi said. Annual euro zone

inflation was 0.4% last month, far below the ECB's target of just below 2%.In response

to both a slowing domestic and global economy, the People's Bank of China, the

country's central bank, has cut benchmark interest rates in the world's second-largest

economy. It has cut the one-year deposit rate by 25 basis points to 2.75 per cent and

the one-year lending rate by 40 basis points to 5.6 per cent.

West Texas Intermediate and Brent crudes increased after China, the world’s second-

largest oil-consuming country, cut interest rates to bolster its economy.

WTI rose 0.9 percent and Brent 1.3 percent after the People’s Bank of China lowered

lending and deposit rates for the first time since 2012. Half of the 20 analysts

surveyed by Bloomberg News predict the Organization of Petroleum Exporting

Countries will reduce output at a meeting next week, while the rest forecast no

change. WTI for January delivery advanced 66 cents to settle at $76.51 a barrel on

the New York Mercantile Exchange. Prices rose 0.9 percent this week, the first weekly

gain since September. Futures touched $73.25 Nov. 14, the lowest intraday level

since Sept. 21, 2010. The volume of all futures traded was 19 percent below the 100-

day average at 2:50 p.m.Brent for January settlement increased $1.03 to end the

session at $80.36 a barrel on the London-based ICE Futures Europe exchange.

Volume was 0.4 percent higher than the 100-day average. The contract climbed 1.2

percent this week. The European benchmark crude closed at a $3.85 premium to

WTI.

Crude Rises as

China Rate Cut

Spurs Optimism

About Demand.

Zinc futures rise on

spot demand,

global cues.

Zinc futures edged up by 2.37 per cent to Rs 142.30 per kg today after speculators

built positions amid a firming trend in the spot market on good demand.

Besides, the metal's strength at the London Metal Exchange (LME) supported the

upside.

At the Multi Commodity Exchange, zinc for delivery in November edged up by Rs 3.30,

or 2.37 per cent, to Rs 142.30 per kg with a business turnover of 8,897 lots.

The metal for delivery in December rose by Rs 3.25, or 2.33 per cent, to Rs 142.85 per

kg in a turnover of 1,092 lots.

Traders said fresh positions created by speculators on the back of improved demand in

the spot market and a firming trend in base metals overseas helped zinc futures to

trade higher.

Gold Volatile In

Midst Of Major

Economic Events.

Page 3: Free Weekly Intraday MCX Tips

E C O N O M I C C A L E N D E R

DATE & TIME DESCRIPTION FORECAST PREVIOUS

Nov 24 8:15pm Flash Services PMI 57.3 57.1

Nov 25 7:00pm Prelim GDP q/q 3.3% 3.5%

7:00pm Prelim GDP Price Index q/q 1.3% 1.3%

7:30pm HPI m/m 0.5% 0.5%

7:30pm S&P/CS Composite-20 HPI y/y 4.7% 5.6%

8:30pm CB Consumer Confidence 95.9 94.5

8:30pm Richmond Manufacturing Index 17 20

Nov 26 7:00pm Core Durable Goods Orders m/m 0.5% -0.1%

7:00pm Unemployment Claims 287K 291K

7:00pm Core PCE Price Index m/m 0.1% 0.1%

7:00pm Durable Goods Orders m/m -0.4% -1.1%

7:00pm Personal Spending m/m 0.4% -0.2%

7:00pm Personal Income m/m 0.4% 0.2%

8:15pm Chicago PMI 63.1 66.2

8:25pm Revised UoM Consumer Sentiment 90.2 89.4

8:25pm Revised UoM Inflation Expectations 2.6%

8:30pm New Home Sales 471K 467K

8:30pm Pending Home Sales m/m 0.9% 0.3%

9:00pm Crude Oil Inventories 2.6M

10:30pm Natural Gas Storage -17B

Nov 27 All Day OPEC Meetings

All Day Bank Holiday

Page 4: Free Weekly Intraday MCX Tips

S1 S2 S3 R1 R2 R3

26000 25500 25000 27000 27650 28200

S1 S2 S3 R1 R2 R3

35200 34250 33000 36700 38000 39200

T E C H N I C A L V I E W

MCX GOLD showed sideways to

positive movement in whole week but

unable closed above 26500. Now, if it

is able to maintains above 26600 then

next resistance level is seen around

the physiological level of 27000. On

other hand if it sustain below 26000

then again drag towards the support

level of 25200.

S T R A T E G Y Better strategy in MCX GOLD is to buy

above 26700 for the targets of 27000-

27500 with stop loss of 25500.

PIVOT TABLE

G O L D

PIVOT TABLE

S I L V E R

T E C H N I C A L V I E W

MCX SILVER on daily charts showed

choppy movement in whole week and

unable to maintain above the

trendline. Now, 36700 is act as

immediate resistance for it above

which trendline breakout expected

and may lead it upto 38000. On lower

side closing below 35000 will again

drag it towards the support range of

34000-33000.

S T R A T E G Y Better strategy in MCX SILVER at this

point of time is to sell below 35000 for

target of 33500, with stop loss of 37000.

F

Page 5: Free Weekly Intraday MCX Tips

C R U D E O I L

C O P P E R

S1 S2 S3 R1 R2 R3

4565 4400 4250 4820 5005 5200

S1 S2 S3 R1 R2 R3

408.80 403.10 398.45 418.20 423.35 429.85

T E C H N I C A L V I E W

MCX Copper last week broke the

resistance level of 417, found

resistance of trendline but unable to

maintain above it and reverted from

the trendline. Now, 410 is seen as

immediate support for it below which

it drag towards strong support of 403

and may test lower band of channel

i.e. 395. On higher side 418.50 will act

as vital resistance for it above which

425 is next resistance level.

S T R A T E G Y Better strategy in MCX CRUDEOIL is to

sell below 4600 for the target of 4400,

with stop loss of 4850.

PIVOT TABLE

T E C H N I C A L V I E W

MCX Crude oil last week showed

correction on higher side, gave

breakout of 4725 but unable to

maintain above this level and closed

below it. Now, if it breaks the support

level of 4550 and closed below it then

it is in weak zone and may find next

support around 4450. If some

correction occurs and maintains above

4820 then 5000 will act as resistance

for it.

S T R A T E G Y Better strategy in MCX COPPER is to sell

below 408, with stop loss of 420 for the

target of 400.

PIVOT TABLE

Page 6: Free Weekly Intraday MCX Tips

WWW.TRIFIDRESEARCH.COM

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