Weekly commodity report 14 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

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  • 1. WEEKLY COMMODITY REPORT 14-APR TO 18-APR-2014
  • 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(JUN) MCX 4 HOURLY CHART TRADING STRATEGY: MCX Gold closed at 28756 on Friday. As we can see from chart price has recovered after taking support at 27860 level. Strong buying sentiments in domestic and COMEX market supporting the gold price. We expect price may go more upside. 1. BUY GOLD(JUN) MCX ABOVE 28960 TGT 29080/29230 SL BELOW 28750 2. SELL GOLD (JUN) MCX BELOW 28500 TGT 28380/28230 SL ABOVE 28700 WEEKLY PIVOTAL S1 28440 S2 28124 CLOSE 28756 R1 28958 R2 29160 WEEKLY COMMODITY REPORT 14-APR TO 18-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: MCX Silver closed at 43177 on Friday. As we can see from chart price has shown some strength and crossed 43500, but failed to sustain this level, as compared to gold, silver is under pressure and we expect price can make a dip to 42500 before going above 44500 level. 1. BUY SILVER MCX (MAY) ABOVE 43500 TGT 43850/44350 SL 43100 2. SELL SILVER MCX (MAY) BELOW 42700 TGT 42350/41850 SL 43100 WEEKLY PIVOTAL S1 42372 S2 41567 CLOSE 43177 R1 43911 R2 44645 WEEKLY COMMODITY REPORT 14-APR TO 18-APR-2014
  • 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (APR) MCX 4 HOURLY CHART TRADING STRATEGY: A firm recovery momentum seen in MCX Crude oil last week, and closed at 6292. Oil imports in March were valued at $15.78 billion, which was 17.7 percent higher than oil imports valued at $13.40 billion in the corresponding period last year. International crude price is still above $100 and taking strong support in that level. 1. BUY CRUDE OIL MCX ABOVE 6350 TGT 6430/6550 SL 6220 2. SELL CRUDE OIL MCX BELOW 6140 TGT 6060/5960 SL 6270 WEEKLY PIVOTAL S1 6118 S2 5943 CLOSE 6292 R1 6389 R2 6485 WEEKLY COMMODITY REPORT 14-APR TO 18-APR-2014
  • 5. ENERGY WEEKLY TECHNICAL LEVELS NATURAL GAS (APR) MCX 4 HOURLY CHART TRADING STRATEGY: MCX Natural Gas closed at 280.7 on Friday. Price has recovered from bottom, but still in pressure. 295 giving strong resistance to the price. Weekly NG inventory stands at 4B compared -74B. We expect price can go down 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 271.17 S2 261.63 CLOSE 280.7 R1 287.17 R2 293.63 WEEKLY COMMODITY REPORT 14-APR TO 18-APR-2014
  • 6. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (APR) MCX 4 HOURLY CHART TRADING STRATEGY: A strong buying trend seen in Copper on Friday made high of 411.70, but failed to sustain this level and closed at 407. We expect price has recovered after taking support at 400 level, and it can go higher up to 425. 1. BUY COPPER MCX ABOVE 412 TGT 417/427 SL 402 2. SELL COPPER MCX BELOW 400 TGT 395/385 SL 410 WEEKLY PIVOTAL S1 400.27 S2 393.53 CLOSE 407 R1 412.72 R2 418.43 WEEKLY COMMODITY REPORT 14-APR TO 18-APR-2014
  • 7. BASE METALS WEEKLY TECHNICAL LEVELS LEAD (APR) MCX 4 HOURLY CHART TRADING STRATEGY: After long time Lead price has show some moves last week, although price fall sharply from 129 level and closed at 125.75 on Friday. We expect price is in now bullish trend and it can go more upside up to 132 level soon. 1. BUY LEAD(APR) MCX ABOVE 129 TGT 130.5/132.5 SL 127 2. SELL LEAD(APR) MCX BELOW 124 TGT 122.5/120.5 SL 126 WEEKLY PIVOTAL S1 122.9 S2 120.05 CLOSE 125.75 R1 128.7 R2 131.65 WEEKLY COMMODITY REPORT 14-APR TO 18-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