MCX India Commodity Outlook & Intraday Trading Tips – 10 May’2013

GOLD MCX JUN:

Gold trading projected high range for the day is 27185-27316

Gold trading projected low range for the day is 27112-26980

Major Resistance on upside at 27263-27370-27477

Trend Deciding Level at 27107

Major Support on downside at 27000-26844-26737

SILVER MCX JUL:

Silver trading projected high range for the day is 45295-45644

Silver trading projected low range for the day is 45235-44886

Major Resistance on upside at 45480-5808-46136

Trend Deciding Level at 45111

Major Support on downside at 44783-44414-44086

CRUDE MCX MAY

Crude trading projected high range for the day is 5235-5264

Crude trading projected low range for the day is 5217-5188

Major Resistance on upside at 5253-5275-5297

Trend Deciding Level at 5218

Major Support on downside at 5196-5161-5139

COPPER MCX JUNE:

Copper trading projected high range for the day is 403.25-405.48

Copper trading projected low range for the day is 402.02-399.80

Major Resistance on upside at 404.56-406.38-408.20

Trend Deciding Level at 401.93

Major Support on downside at 400.11-397.48-395.66

NICKEL MCX MAY:

Nickel trading projected high range for the day is 839-846

Nickel trading projected low range for the day is 839-832

Major Resistance on upside at 842-849-856

Trend Deciding Level at 836

Major Support on downside at 829-822-815

LEAD MCX MAY:

Lead trading projected high range for the day is 110.60-111.80

Lead trading projected low range for the day is 111.40-110.20

Major Resistance on upside at 111.06-112.53-114

Trend Deciding Level at 110.13

Major Support on downside at 108.66-107.73-106.26

ZINC MCX MAY

Zinc trading projected high range for the day is 101.50-102.22

Zinc trading projected low range for the day is 101.48-100.75

Major Resistance on upside at 101.86-102.58-103.30

Trend Deciding Level at 101.13

Major Support on downside at 100.41-99.68-98.96

NATURAL GAS MCX MAY:

Natural Gas trading projected high range for the day is 217.80-221.45

Natural Gas trading projected low range for the day is 215.35-211.70

Major Resistance on upside at 220-223-226

Trend Deciding Level at 216

Major Support on downside at 213-209-206

MENTHA OIL MCX MAY:

Mentha Oil trading projected high range for the day is 885-893

Mentha Oil trading projected low range for the day is 891-882

Major Resistance on upside at 888-899-909

Trend Deciding Level at 881

Major Support on downside at 870-864-853

TODAY ECONOMIC RELEASES:

DATE

TIME

REGION

EVENT

PERIOD

SURVEY

PRIOR

IMPACT

10-05-2013

05:20

JN

Current Account Total

Mar

¥1216.3B

¥637.4B

Positive

10-05-2013

05:20

JN

Adjusted Current Account Total

Mar

¥480.4B

-¥0.1B

Positive

10-05-2013

05:20

JN

Trade Balance – BOP Basis

Mar

-¥274.0B

-¥677.B

Positive

10-05-2013

05:20

JN

Current Account Balance YoY%

Mar

-5.70%

-47.00%

Positive

10-05-2013

11:00

IN

Industrial Production YoY

Mar

0.60%

S. Negative

10-05-2013

11:30

GE

Trade Balance

Mar

17.5B

16.8B

Positive

10-05-2013

11:30

GE

Current Account {Euro}

Mar

19.5B

16.0B

Positive

10-05-2013

11:30

GE

Imports SA {MoM}

Mar

1.50%

-3.80%

Positive

10-05-2013

11:30

GE

Exports SA {MoM}

Mar

0.50%

-1.50%

S. Positive

10-05-2013

14:00

UK

Visible Trade Balance GBP/Mn

Mar

-£9000

-£9416

S. Positive

10-05-2013

14:00

UK

Total trade Balance {GBP/Min}

Mar

-£3100

-£3642

****

10-05-2013

14:00

UK

Construction Out Put MoM

Mar

15.00%

5.50%

Positive

10-05-2013

23;30

US

Monthly Budget Statement

Apr

$106.0B

Positive