Mcx India Commodity Outlook & Intraday Trading Tips – 17 May’2013

GOLD MCX JUN:

Gold trading projected high range for the day is 26157-26338

Gold trading projected low range for the day is 26106-25925

Major Resistance on upside at 26256-26420-26584

Trend Deciding Level at 26058

Major Support on downside at 25894-25696-25532

SILVER MCX JUL:

Silver trading projected high range for the day is 43292-43842

Silver trading projected low range for the day is 42921-42371

Major Resistance on upside at 43629-44054-44481

Trend Deciding Level at 42955

Major Support on downside at 42529-41855-41429

CRUDE MCX MAY

Crude trading projected high range for the day is 5215-5267

Crude trading projected low range for the day is 5178-5126

Major Resistance on upside at 5247-5287-5326

Trend Deciding Level at 5183

Major Support on downside at 5143-5079-5034

COPPER MCX JUNE:

Copper trading projected high range for the day is 401-406

Copper trading projected low range for the day is 399-394

Major Resistance on upside at 404-407-411

Trend Deciding Level at 399

Major Support on downside at 395-390-387

NICKEL MCX MAY:

Nickel trading projected high range for the day is 817-821

Nickel trading projected low range for the day is 818-814

Major Resistance on upside at 819-824-828

Trend Deciding Level at 816

Major Support on downside at 811-808-803

LEAD MCX MAY:

Lead trading projected high range for the day is 109.22-110.45

Lead trading projected low range for the day is 108.15-106.92

Major Resistance on upside at 110-111-112

Trend Deciding Level at 108.43

Major Support on downside at 108-106-106

ZINC MCX MAY

Zinc trading projected high range for the day is 99.70-100.33

Zinc trading projected low range for the day is 99.48-98.85

Major Resistance on upside at 100-100.60-101.15

Trend Deciding Level at 99.35

Major Support on downside at 98.80-98.1-97.55

NATURAL GAS MCX MAY:

Natural Gas trading projected high range for the day is 220-226

Natural Gas trading projected low range for the day is 225-219

Major Resistance on upside at 221-228-235

Trend Deciding Level at 218

Major Support on downside at 212-208-202

MENTHA OIL MCX MAY:

Mentha Oil trading projected high range for the day is 914-924

Mentha Oil trading projected low range for the day is 919-909

Major Resistance on upside at 918-929-940

Trend Deciding Level at 910

Major Support on downside at 899-891-880

TODAY INTRADAY CALLS TO WATCH:

CRUDE OIL MCX MAY SELL BELOW 5197 SL 5230 TGT 5158-5135

NATURAL GAS MCX APR BUY ABOVE 218.30 SL 215.80 TGT 220.50-223.50

COPPER MCXJUNE SELL BELOW 399.50 SL 402.50 TGT 396.50-394.50

TODAY MAJOR ECONOMIC RELEASES:-

DATE

TIME

REGION

EVENT

PERIOD

SURVEY

PRIOR

IMPACT

17-05-2013

05:20

JN

Machine Orders (MoM)

Mar

3.30%

7.50%

Positive

17-05-2013

11:30

EC

EU27 New Car Registrations

Apr

-10.20%

Negative

17-05-2013

14:30

EC

Construction Output SA MoM

Mar

-0.80%

Negative

17-05-2013

19:25

US

U. of Michigan Confidence

May P

77.9

76.4

S. Positive

17-05-2013

19:30

US

Leading Indicators

Apr

0.20%

-0.10%

Positive