Mcx India Commodity Outlook & Intraday Trading Tips – 09 May’2013

Commodity outlook-09.05.2013

GOLD MCX JUN:

Gold trading projected high range for the day is 27117-27336

Gold trading projected low range for the day is 26964-26745

Major Resistance on upside at 27252-27420-27588

Trend Deciding Level at 26982

Major Support on downside at 26814-26544-26376

SILVER MCX JUL:

Silver trading projected high range for the day is 45007-45355

Silver trading projected low range for the day is 44960-44612

Major Resistance on upside at 45189-45521-45825

Trend Deciding Level at 44826

Major Support on downside at 44494-44131-43799

CRUDE MCX MAY

Crude trading projected high range for the day is 5218-5250

Crude trading projected low range for the day is 5190-5158

Major Resistance on upside at 5239-5261-5285

Trend Deciding Level at 5196

Major Support on downside at 5174-5132-5109

COPPER MCX JUNE:

Copper trading projected high range for the day is 406-412

Copper trading projected low range for the day is 403-397

Major Resistance on upside at 409-414-419

Trend Deciding Level at 402

Major Support on downside at 398-391-386

NICKEL MCX MAY:

Nickel trading projected high range for the day is 837-847

Nickel trading projected low range for the day is 832-821

Major Resistance on upside at 843-852-860

Trend Deciding Level at 830

Major Support on downside at 822-810-800

LEAD MCX MAY:

Lead trading projected high range for the day is 111.65-113

Lead trading projected low range for the day is 110.78-109.40

Major Resistance on upside at 112.49-113.57-114.65

Trend Deciding Level at 110.82

Major Support on downside at 109.74-108.07-106.99

ZINC MCX MAY

Zinc trading projected high range for the day is 102.18-103.20

Zinc trading projected low range for the day is 101.80-100.78

Major Resistance on upside at 102.75-103.65-104.55

Trend Deciding Level at 101.60

Major Support on downside at 100.70-99.55-98.65

NATURAL GAS MCX MAY:

Natural Gas trading projected high range for the day is 214.75-216.80

Natural Gas trading projected low range for the day is 213-210.95

Major Resistance on upside at 216.06-217.53-219

Trend Deciding Level at 213.43

Major Support on downside at 211.96-209.33-207.86

MENTHA OIL MCX MAY:

Mentha Oil trading projected high range for the day is 891.75-900.95

Mentha Oil trading projected low range for the day is 897.85-888.65

Major Resistance on upside at 896-907-918

Trend Deciding Level at 888

Major Support on downside at 877-870-859

TODAY ECONOMIC RELEASES::

DATE

TIME

REGION

EVENT

PERIOD

SURVEY

PRIOR

IMPACT

09-05-2013

07:00

CH

Consumer Price Index (YoY)

Apr

2.30%

2.10%

S. Positive

09-05-2013

07:00

CH

Producer Price Index [YoY]

Apr

-2.30%

-1.90%

Negative

09-05-2013

13:30

EC

ECB Publishes Monthly Report

****

****

09-05-2013

14:00

UK

Industrial Production [MoM}

Mar

0.20%

1.00%

Positive

09-05-2013

14:00

UK

Manufacturing Production [MoM]

Mar

0.30%

0.80%

Positive

09-05-2013

16:30

UK

BOE Announce Rates

9-May

0.50%

0.50%

****

09-05-2013

16:30

UK

BOE Asset Purchase Target

May

375B

375B

****

09-05-2013

18:00

US

Initial Jobless claims

4-May

335K

324K

S. Negative

09-05-2013

18:00

US

Continuing Claims

27-Apr

3018K

3019K

Positive

09-05-2013

19:30

US

Wholesale Investors

Mar

0.40%

-0.30%

Negative

09-05-2013

IN

India Local Car Sales

Arp

—-

180675

S. Negative

Today Intraday Calls To Watch::

Gold Mcx Jun Sell Below 27045 sl 27180 Tgt 26915-26850

Crude Oil Mcx May Sell Below 5204 sl 5226 Tgt 5182-5172