Weekly commodity market report 07 april- 2014 by epic research

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Get Trading Alerts! on share market with 2 Days Free Trial of Commodity Market, Equity Market, FOREX Market Tips on, Stock Tips On Mobile, Intraday Calls.90% Accurate Stock Tips, MCX & NCDEX Highly …

Get Trading Alerts! on share market with 2 Days Free Trial of Commodity Market, Equity Market, FOREX Market Tips on, Stock Tips On Mobile, Intraday Calls.90% Accurate Stock Tips, MCX & NCDEX Highly Accurate Calls with 85% Accuracy.

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  • 1. WEEKLY COMMODITY REPORT 07-APR TO 11-APR-2014
  • 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(JUN) MCX 4 HOURLY CHART TRADING STRATEGY: MCX Gold closed at 28260 on Friday. As we can see from chart price has recoverd after taking support at 27770 level. But most probably due to expiry in April contract, price is still under pressure and till the election, price will be in bearish zone. 1. BUY GOLD(JUN) MCX ABOVE 28500 TGT 28620/28770 SL BELOW 28300 2. SELL GOLD (JUN) MCX BELOW 28080 TGT 27960/27800 SL ABOVE 28300 WEEKLY PIVOTAL S1 27900 S2 2727540 CLOSE 28260 R1 28490 R2 28720 WEEKLY COMMODITY REPORT 07-APR TO 11-APR-2014
  • 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: MCX Silver closed at 42969 on Friday. As we can see from chart price has stuck in a range of 42400- 43500. Recently price has return from 43500 level now it can go down to test 42400 support level. 1. BUY SILVER MCX (MAY) ABOVE 43500 TGT 43850/44350 SL 43100 2. SELL SILVER MCX (MAY) BELOW 42400 TGT 42050/41550 SL 42850 WEEKLY PIVOTAL S1 42518 S2 42067 CLOSE 42969 R1 43430 R2 43891 WEEKLY COMMODITY REPORT 07-APR TO 11-APR-2014
  • 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (APR) MCX 4 HOURLY CHART TRADING STRATEGY: As we can see in chart that Crude after taking support at 5930 level recover and reached near the crucial resistance of 6150 level. But failed to cross the level up side and closed at 6080 level. For Coming weeks we expect price will trade in range. 1. BUY CRUDE OIL MCX ABOVE 6150 TGT 6230/6350 SL 6000 2. Sell CRUDE OIL MCX BELOW 5930 TGT 5850/5700 SL 6080 WEEKLY PIVOTAL S1 5962 S2 5845 CLOSE 6080 R1 6168 R2 6257 WEEKLY COMMODITY REPORT 07-APR TO 11-APR-2014
  • 5. ENERGY WEEKLY TECHNICAL LEVELS NATURAL GAS (APR) MCX 4 HOURLY CHART TRADING STRATEGY: From the Chart we can see price is taking resistance from upper trend line. Recently price has return from 271 level also MA 50 standing in that level. We expect a firm recovery only above 275 level. On the lower side 250 giving strong support to the price. Below this level will take price to 240-225 level. 1. BUY NATURAL GAS MCX ABOVE 281 TGT 289/300 SL 270 2. SELL NATURAL GAS MCX BELOW 250 TGT 242/232 SL 350 WEEKLY PIVOTAL S1 256.8 S2 246.4 CLOSE 267.1 R1 274.1 R2 281 WEEKLY COMMODITY REPORT 07-APR TO 11-APR-2014
  • 6. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (APR) MCX 4 HOURLY CHART TRADING STRATEGY: Copper has failed to sustain recovery mode and reverse from 408.85 level and closed at 401.10. Now Price has stuck between 410-395 level. Chines Demand is not giving hope to price increase in copper in coming weeks. 1. BUY COPPER MCX ABOVE 410 TGT 415/425 SL 402 2. SELL COPPER MCX BELOW 395 TGT 390/380 SL 405 WEEKLY PIVOTAL S1 398.22 S2 395.33 CLOSE 401.1 R1 406.42 R2 411.73 WEEKLY COMMODITY REPORT 07-APR TO 11-APR-2014
  • 7. BASE METALS WEEKLY TECHNICAL LEVELS LEAD (APR) MCX 4 HOURLY CHART TRADING STRATEGY: A choppy market seen in MCX Lead previous week. Price make low of 122.10 while made high of 124.75 and closed at 123.35. We expect from now Price can go higher as it's in support area. But a firm recovery will be only above 126 level And, below 122 level will take price to 118 level. 1. BUY LEAD(APR) MCX ABOVE 125.5 TGT 127/129 SL 123 2. SELL LEAD(APR) MCX BELOW 122 TGT 120.5/118.5 SL 124.5 WEEKLY PIVOTAL S1 122.05 S2 120.75 CLOSE 123.35 R1 124.7 R2 126.05 WEEKLY COMMODITY REPORT 07-APR TO 11-APR-2014
  • 8. The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. DISCLAIMER