Mcx India Commodity Outlook & Intraday Trading Tips – 15 May’2013

GOLD MCX JUN:

Gold trading projected high range for the day is 26811-26944

Gold trading projected low range for the day is 26892-26759

Major Resistance on upside at 26864-27024-27184

Trend Deciding Level at 26758

Major Support on downside at 26598-26492-26332

SILVER MCX JUL:

Silver trading projected high range for the day is 44810-45278

Silver trading projected low range for the day is 44899-44431

Major Resistance on upside at 45029-45527-46024

Trend Deciding Level at 44590

Major Support on downside at 44093-43655-43157

CRUDE MCX MAY

Crude trading projected high range for the day is 5240-5297

Crude trading projected low range for the day is 5280-5223

Major Resistance on upside at 5262-5332-5401

Trend Deciding Level at 5218

Major Support on downside at 5149-5106-5036

COPPER MCX JUNE:

Copper trading projected high range for the day is 404-409

Copper trading projected low range for the day is 408-403

Major Resistance on upside at 406-412-418

Trend Deciding Level at 402

Major Support on downside at 396-393-387

NICKEL MCX MAY:

Nickel trading projected high range for the day is 834-841

Nickel trading projected low range for the day is 840-833

Major Resistance on upside at 836-845-854

Trend Deciding Level at 832

Major Support on downside at 823-818-810

LEAD MCX MAY:

Lead trading projected high range for the day is 108.90-109.85

Lead trading projected low range for the day is 109.45-108.50

Major Resistance on upside at 109.29-110.42-111.55

Trend Deciding Level at 108.52

Major Support on downside at 107.39-106.62-105.49

ZINC MCX MAY

Zinc trading projected high range for the day is 100.72-101.35

Zinc trading projected low range for the day is 101.05-100.43

Major Resistance on upside at 100.99-101.72-102.45

Trend Deciding Level at 100.47

Major Support on downside at 99.74-99.22-98.49

NATURAL GAS MCX MAY:

Natural Gas trading projected high range for the day is 220-223

Natural Gas trading projected low range for the day is 218-215

Major Resistance on upside at 222-224-225

Trend Deciding Level at 218

Major Support on downside at 216-213-211

MENTHA OIL MCX MAY:

Mentha Oil trading projected high range for the day is 917-926

Mentha Oil trading projected low range for the day is 923-914

Major Resistance on upside at 921-931-942

Trend Deciding Level at 914

Major Support on downside at 903-896-885

TODAY MAJOR ECONOMIC RELEASES:

DATE

TIME

REGION

EVENT

PERIOD

SURVEY

PRIOR

IMPACT

15-05-2013

10:30

JN

Consumer Confidence

Apr

45.5

44.8

Positive

15-05-2013

11:30

GE

GDP s.a. (QOQ)

1Q P

0.30%

-0.60%

S. Positive

15-05-2013

14:30

EC

Euro-Zone GDP s.a. (QoQ)

1Q A

-0.10%

-0.60%

Negative

15-05-2013

16:30

US

MBA Mortgage Applications

10-May

7.00%

Positive

15-05-2013

18:00

US

Empire Manufacturing

May

4

3.05

****

15-05-2013

18:00

US

Producer Price Index (MoM)

Apr

-0.60%

-0.60%

S. Negative

15-05-2013

18:00

US

PPI Ex Food 7 Energy [MoM]

Apr

0.10%

0.20%

S. Negative

15-05-2013

18:30

US

Total Net TIC Flows

Mar

$53.6B

Positive

15-05-2013

18:30

US

Net Long-term TIC Flows

Mar

$35.0B

-$17.8B

Positive

15-05-2013

18:45

US

Industrial Production

Apr

-0.10%

0.40%

Negative

15-05-2013

18:45

US

Capacity Utilization

Apr

78.30%

78.50%

Negative

15-05-2013

19:30

US

NAHB Housing Market Index

May

43

42

Positive