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2. BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(AUGUST) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 26421
S2 26120
PP 26872
R1 27163
R2 27624
TRADING STRATEGY:
MCX Gold AUG contract during this week as expected couldn't able to break the resistance zone
of 27450 levels & made new weekly low of 26572 level. Gold Aug contract, now expected to trade
in mixed to negative territory due to various important international market data & events.
For the next week we expect Gold Aug contract prices to find support in range of 26500 levels.
Below 26500 levels, the next support is at 26100 & strong support at 25750 levels.
Resistances are in the range of 27900 to 27050 levels. Above 27120 the next resistance is at
27500 levels & strong resistance are at 27850 levels.
WEEKLY RECOMENDATIONS:-
SELL GOLD (AUG) BELOW 26700 TG 26250 / 26000 SL ABOVE 27050
BUY GOLD (AUG) ABOVE 26900 TG 27350 / 27550 SL BELOW 26500
WEEKLY COMMODITY REPORT
08TH JUNE TO 12TH JUNE 2015
3. BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (JULY) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 36107
S2 35203
PP 37628
R1 38532
R2 40053
WEEKLY COMMODITY REPORT
08TH JUNE TO 12TH JUNE 2015
TRADING STRATEGY
MCX Silver July Contract, as seen in the weekly chart got stuck at the resistance of 39350 levels.
Also, Silver is getting impact of both Gold & Copper which are now in bears' grip on weekly
charts & So, Silver July contract is now expected to remain range-bound to bearish supported by
important fundamental reasons.
For the coming week, we expect Silver July contract to find support near 37100 to 37000 levels.
Below 37000, strong support is at 36500 & 36100 levels & below it at 35800 levels.
Resistances are expected at 38500 levels. Above 38750 levels the next resistance is at 39350 &
40000 levels.
WEEKLY RECOMENDATIONS:-
SELL SILVER (JULY) BELOW 37500 TG 36700 / 36100 SL ABOVE 37380
BUY SILVER (JULY) ABOVE 37900 TG 39000 / 39550 SL BELOW 37000
4. TRADING STRATEGY:
MCX Crude oil June contract has shown mixed trend movement under the influence of OPEC
meeting in Vienna . OPEC decision of not to cut daily production of 30 Million barrels will surely
going to put pressure on Crude Oil price. Overall the market sentiment, after a couple of weeks
momentum looking weak now & expected to remain mixed to bearish in lack of trigger from
domestic & International market. It is now, expected to remain bearish in coming week.
Crude Oil May contract having support at 3650 levels below it at 3590 levels & strong supports at
3520 & 3460 levels.
Resistances are at 3810 levels & above it at 3920 levels & strong resistance at 3980 & 4050 levels.
WEEKLY RECOMENDATIONS:-
SELL CRUDE OIL (JUNE) BELOW 3820 TG 3690 / 3650 SL ABOVE 3920
BUY CRUDE OIL (JUNE) ABOVE 3935 TG 4050 / 4080 SL BELOW 3820
WEEKLY COMMODITY REPORT
05-09-JAN-2015
WEEKLY COMMODITY REPORT
08TH JUNE TO 12TH JUNE 2015
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (JUNE) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 3495
S2 3620
PP 3778
R1 3956
R2 4044
5. COPPER (JUNE) MCX WEEKLY CHART
BASE METALS WEEKLY TECHNICAL LEVELS
WEEKLY PIVOTAL
S1 373
S2 378
PP 383
R1 388
R2 394
TRADING STRATEGY:
MCX COPPER June contract remain bearish in the week under the influence of fundamental
factors around the world especially China where the HSBC Flash Manufacturing PMI reading,
Building Permits, & other important data came & so the Chinese Govt. decided to further give
stimulus package for boosting the economy. Now, Copper June contract is looking weak on
weekly chart & expected to move downward further to 373 to 367 levels.
For the next week, Copper June contract supports are at 378 - 376 levels. Below 375, at 373- 371
levels & strong support at 366 levels.
Resistance are at 388-391 levels. Above it at 395 levels & Strong resistance is at 400 & 402
levels.
WEEKLY RECOMENDATIONS:-
SELL COPPER JUNE BELOW 381 TG 373 / 369 SL ABOVE 390
BUY COPPER JUNE ABOVE 385 TG 393 / 398 SL BELOW 377
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