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Weekly commodity market report 21  april- 2014 by epic research
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Weekly commodity market report 21 april- 2014 by epic research

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Epic Research adopts multiple ways to analyse the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you …

Epic Research adopts multiple ways to analyse the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.

Published in: Business, Economy & Finance

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  • 1. WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(JUN) MCX 4 HOURLY CHART TRADING STRATEGY: A bearish trend seen in both MCX and COMEX market due to positive economic data shown USA last week. MCX Gold fall from resistance level of 29000 although it recover after taking support at 28200 level. On Friday both MCX and COMEX market war close due to Good Friday. For the next week we expect price can recover up to 28800 level, but a firm recovery will be only above 29100 level. 1. BUY GOLD(JUN) MCX ABOVE 28700 TGT 28820/29000 SL BELOW 28500 2. SELL GOLD (JUN) MCX BELOW 28200 TGT 28080/27880 SL ABOVE 28400 WEEKLY PIVOTAL S1 27141 S2 27778 CLOSE 28505 R1 28927 R2 29350 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 3. MCX Gold closed at 28756 on Friday. As we can see from chart price has recovered after taking support at 27770 level. Strong buying sentiments in domestic and COMEX market supporting the gold price. We expect price may go more upside.BULLIONS WEEKLY TECHNICAL LEVELS SILVER (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: After sharp fall from 43000 level, MCX Silver made low of 41526. Although it recover from that level and closed at 42377. USA and Chinies manufacturing data comes positive last week, which is good for silver in future. We expect silver price will trade in positive note in coming weeks. 1. BUY SILVER MCX (MAY) ABOVE 43500 TGT 43850/44350 SL 43100 2. SELL SILVER MCX (MAY) BELOW 41800 TGT 41450/41000 SL 42200 WEEKLY PIVOTAL S1 41480 S2 40584 CLOSE 42377 R1 43319 R2 44262 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (APR) MCX 4 HOURLY CHART TRADING STRATEGY: U.S. government report on Wednesday showed a weekly jump in crude inventories that was over four times more than the market expected, but oil futures still closed higher as concerns over clashes between pro-Russia militants and Ukrainian forces continued to feed worries over global oil supplies. 1. BUY CRUDE OIL MCX ABOVE 6350 TGT 6430/6550 SL 6220 2. SELL CRUDE OIL MCX BELOW 6150 TGT 6070/5970 SL 6280 WEEKLY PIVOTAL S1 6220 S2 6154 CLOSE 6287 R1 6346 R2 6406 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 5. ENERGY WEEKLY TECHNICAL LEVELS NATURAL GAS (APR) MCX 4 HOURLY CHART TRADING STRATEGY: MCX Natural Gas closed at 285.5 last week. Price has recovered from bottom, but still in pressure. 295 giving strong resistance to the price. Weekly NG inventory stands at 24B compared to expected 34B. We expect price may trad in range of 270-295 in coming weeks. 1. BUY NATURAL GAS MCX ABOVE 295 TGT 303/315 SL 285 2. SELL NATURAL GAS MCX BELOW 270 TGT 262/250 SL 280 WEEKLY PIVOTAL S1 275.57 S2 265.63 CLOSE 285.5 R1 290.97 R2 296.43 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 6. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (APR) MCX 4 HOURLY CHART TRADING STRATEGY: A sideways trend seen in MCX Copper last week, It made high of 409.7and fall sharply up to 396.50, but recover from that level due to positive chines GPD data. Price has taken support at 395 level now we expect price may go up to 412 level to test resistance and if it success to break that level we will see copper in 425 level soon. 1. BUY COPPER MCX ABOVE 412 TGT 417/427 SL 402 2. SELL COPPER MCX BELOW 395 TGT 390/380 SL 405 WEEKLY PIVOTAL S1 399.2 S2 391 CLOSE 407.4 R1 412.6 R2 417.8 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 7. BASE METALS WEEKLY TECHNICAL LEVELS LEAD (APR) MCX 4 HOURLY CHART TRADING STRATEGY: MCX lead recover after falling sharply and closed at 128.8 last week. We expect price is in now bullish trend and it can go more upside up to 132-134 level soon. 1. BUY LEAD(APR) MCX ABOVE 130 TGT 131.5/133.5 SL 128 2. SELL LEAD(APR) MCX BELOW 127 TGT 125.5/123 SL 129 WEEKLY PIVOTAL S1 126.43 S2 124.07 CLOSE 128.8 R1 130.13 R2 131.47 WEEKLY COMMODITY REPORT 21-APR TO 25-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