Weekly commodity report 25to29 aug2014 by epic research pvtltd indore


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Weekly commodity report 25to29 aug2014 by epic research pvtltd indore

  2. 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(OCT) MCX DAILY CHART WEEKLY PIVOTAL S1 27509 S2 27206 CLOSE 27813 R1 28310 R2 28803 WEEKLY COMMODITY REPORT 25-29 AUG-2014 TRADING STRATEGY: MCX Gold Oct as seen in the weekly loss at 2%chart Aug 22 - Gold ticked up slightly on Friday after a five-day losing streak but held near a two-month low and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected. The metal is down 2.05 percent for the week, its big For the next week we expect gold prices to find support in the range of 27510 levels. BUY GOLD (OCT) ABOVE 28200 TGTS 28500/28700 SL BELOW 28000 SELL GOLD (OCT) BELOW 27800 TGTS 27510/27340 SL ABOVE 27890
  3. 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (SEP) MCX DAILY CHART WEEKLY PIVOTAL S1 41473 S2 40991 CLOSE 41955 R1 42743 R2 43531 TRADING STRATEGY MCX Silver Sept as seen in the weekly chart Major movement in SILVER MCX last week . Short term trend is down, There is about a 7% spread for silver between the cost to buy and sell silver. But is the 7% a spread on silver, or is it really a spread on dollars .There is a VAT of 17% on silver in most of Europe. BUY SILVER (SEP) ABOVE 42500 TGTS 43400/43900 SL 41700 SELL SILVER (SEP) BELOW 41700 TGTS 41200/40700 SL 42400 WEEKLY COMMODITY REPORT 25-29 AUG-2014
  4. 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (SEP) MCX DAILY CHART TRADING STRATEGY: MCX Crude oil (SEP)as seen in the weekly chart above has opened the week at 5652 levels and as expected during this week price could not able to breach the resistance zone of 5850 around levels and corrected towards the low of 5652. BUY CRUDEOIL (SEP) ABOVE 5850 TGT 5970/6090 SL BELOW 5750 SELL CRUDEOIL (SEP) BELOW 5650 TGT 5515/5400 SL ABOVE 5780 WEEKLY PIVOTAL S1 5587 S2 5495 CLOSE 5679 R1 5835 R2 5991 WEEKLY COMMODITY REPORT 25-29 AUG-2014
  5. 5. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (AUG) MCX DAILY CHART TRADING STRATEGY: MCX Copper August as seen in the weekly chart above has opened at 431 levels and in . Some upside copper be in Copper on back of short covering, but short term bias remains weak as long as 432 is held on upside. Weekly support is at 420 and sustained break below copper target 415. Selling on rise is advisable, but our view copper negate if it breaches above 420. BUY COPPER (AUG) ABOVE 432 TGT 435/444 SL BELOW 427 SELL COPPER (AUG) BELOW 420 TGT 415/409 SL ABOVE 427 WEEKLY PIVOTAL S1 418.5 S2 409.5 CLOSE 427.5 R1 432.45 R2 437.4 WEEKLY COMMODITY REPORT 25-29 AUG-2014
  6. 6. 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