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26/11/2015
DAILY MCX NEWSLETTER
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BULLION:

BASE METAL:
Market is lacked in major reports on Thursday.
LME copper will move between USD 4,5204,580/mt during Asian trading hours Thursday. US
current economic situation is enough to support
rate hike next month. US housing market,
manufacturing industry and income situation
continue to point upwards. Economy in euro zone
improved slightly currently but the Europe Central
Bank (ECB) is still expected to continue with more
easing monetary policy in December. The ECB
reportedly will expand its bond buying program
overnight. In response, euro tumbled and US
dollar refreshed a new high.

Gold hovered close to its lowest in nearly six years on Thursday, as the dollar
held at multi-month highs and U.S. economic data reinforced market
expectations of an interest rate hike this year. Data on Wednesday showed that
U.S. manufacturing output rose well above economists' expectations in
October, while business spending plans surged. New applications for
unemployment benefits dropped last week. Asian shares advanced in early
trade on Thursday, while growing bets the European Central Bank was gearing
up to deliver further stimulus steps kept the euro under pressure.

ENERGY:

Brent and U.S. crude oil futures traded nearly flat on Thursday on light trading due to the U.S. Thanksgiving holiday. U.S. crude
edged higher earlier in the day, supported by a smaller-than-expected build in U.S. inventories. Stocks rose 1 million barrels in the
week to Nov. 20, the ninth consecutive week, compared with analyst expectations for a 1.2 million barrel rise, according to the U.S.
Energy Information Administration. Asian stocks advanced in early trade on Thursday as the euro remained under pressure on
growing bets that the European Central Bank would deliver further stimulus steps. U.S. markets will be closed Thursday and most of
Friday afternoon.

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BULLION & ENERGY

CS GOLD (DECEMBER) OVERVIEW:
TREND : BULLISH
RESIST 2: 25490
RESIST 1: 25380
SUP 1: 25140
SUP 2: 25075
STRATEGY: BUY ON DIPS

CS SILVER (DECEMBER) OVERVIEW:

TREND : BULLISH
RESIST 2: 34450
RESIST 1: 34180
SUP1: 33550
SUP2: 33400
STRATEGY : BUY ON DIPS

CS CRUDE OIL (DECEMBER) OVERVIEW:

TREND : BULLISH
RESIST 2:2950
RESIST 1:2920
SUP1:2850
SUP2:2810
STRATEGY: BUY ON DIPS

CS NATURAL GAS (DECEMBER) OVERVIEW:

TREND :BEARISH
RESIST 2:158
RESIST 1:155
SUP1: 151
SUP2:149
STRATEGY: SELL ON RISE

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BASE METAL

CS COPPER (NOVEMBER) OVERVIEW:

TREND :BULLISH
RESIST 2:314
RESIST 1:310
SUP1:300
SUP2:297
STRATEGY: BUY ON DIPS

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COMMODITY PICK OF THE DAY: CRUDE OIL

MCX CRUDE OIL Dec., Monday as seen in the daily chart opened at 2870 levels and day high
of 2871 levels. During this period price corrected & made day low of 2792 levels finally
closed at 2860 levels. Now, there are chances of further upward movement technically &
fundamentally.

Energy Information Administration. Asian stocks advanced in early trade on Thursday as the euro remained under pressure
on growing bets that the European Central Bank would deliver further stimulus steps. U.S. markets will be closed Thursday
and most of Friday afternoon.

DAILY RECOMMENDATION: BUY MCX CRUDE OIL DEC., ABOVE 2870 LEVELS FOR TARGET OF
T1 2970/T2 3000 WITH SL OF 2770 LEVELS.

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