Weekly commodity report 28   april -2014 by epic research
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Weekly commodity report 28 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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Weekly commodity report 28   april -2014 by epic research Weekly commodity report 28 april -2014 by epic research Presentation Transcript

  • WEEKLY COMMODITY REPORT 28-APR TO 02-MAY-2014
  • BULLIONS WEEKLY TECHNICAL LEVELS GOLD(JUN) MCX 4 HOURLY CHART TRADING STRATEGY: During this week prices could not able sustain on lower levels and bounced back from the support levels (28,200) towards the weekly high of 28,965 levels. As per the candlestick pattern prices has formed “Bullish engulfing pattern” which is the sign of positivity. In the week prices are able to close above the previous week’s closing of 28,505 levels and finally closed 1.40% higher on 28,905 levels. 1. BUY GOLD(JUN) MCX ABOVE 29000 TGT 29120/29300 SL BELOW 28800 2. SELL GOLD (JUN) MCX BELOW 28700 TGT 28580/28400 SL ABOVE 28900 WEEKLY PIVOTAL S1 28483 S2 28061 CLOSE 28704 R1 43078 R2 43549 WEEKLY COMMODITY REPORT 28-APR TO 02-MAY-2014
  • BULLIONS WEEKLY TECHNICAL LEVELS SILVER (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: MCX Silver is in under pressure for long time, taking strong resistance at 43500, only above this level silver said to be in buying mode. In future, we expect silver price will test the resistance level soon. 1. BUY SILVER MCX (MAY) ABOVE 43500 TGT 43850/44350 SL 43100 2. SELL SILVER MCX (MAY) BELOW 42100 TGT 41800/41300 SL 42500 WEEKLY PIVOTAL S1 41948 S2 41289 CLOSE 42607 R1 43078 R2 43549 WEEKLY COMMODITY REPORT 28-APR TO 02-MAY-2014
  • ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: Crude prices could not able to breach the resistance levels of 6,350 levels and corrected from higher levels towards the weekly low of 6,125 levels. During this week prices has breached the previous week’s low of 6,201 levels and trading below it. In this week prices finally closed 2.17% lower on 6,131 levels. For the next week we expect Crude oil prices to find support in the range of 6,050 – 6,000 levels. While resistance is now observed in the range of 6,300-6,350 levels 1. BUY CRUDE OIL MCX ABOVE 6280 TGT 6360/6480 SL 6160 2. SELL CRUDE OIL MCX BELOW 6040 TGT 5960/5860 SL 6160 WEEKLY PIVOTAL S1 6064 S2 5997 CLOSE 6192 R1 6259 R2 6387 WEEKLY COMMODITY REPORT 28-APR TO 02-MAY-2014
  • ENERGY WEEKLY TECHNICAL LEVELS NATURAL GAS (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: At the end of the week as expected prices could not able to breach the resistance levels of 295 levels and corrected from higher levels towards the weekly low of 283.70 levels and formed a “Bearish candlestick” which indicates the start of bearishness. During this week prices are able to close below the previous week’s closing of 287.50 levels and finally closed 0.83% lower on 285.10 levels. 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 280.97 S2 276.83 CLOSE 285.1 R1 291.97 R2 298.83 WEEKLY COMMODITY REPORT 28-APR TO 02-MAY-2014
  • BASE METALS WEEKLY TECHNICAL LEVELS COPPER (JUN) MCX 4 HOURLY CHART TRADING STRATEGY: In the mid of the week as expected copper prices bounced from the lower levels and moved higher towards 423.10 levels and finally closed 2.07% higher on 419.50 levels. During this week prices are able to close above the last 5 week’s high and as per candlestick it formed a “Bullish candlestick” pattern which indicates bullishness. For the next week we expect Copper prices to find support in the range of 412 – 410 levels, while resistance is now observed at 427 levels. 1. BUY COPPER MCX ABOVE 425 TGT 433/443 SL 415 2. SELL COPPER MCX BELOW 405 TGT 397/387 SL 415 WEEKLY PIVOTAL S1 411.1 S2 402.7 CLOSE 419.5 R1 425.5 R2 431.5 WEEKLY COMMODITY REPORT 28-APR TO 02-MAY-2014
  • BASE METALS WEEKLY TECHNICAL LEVELS LEAD (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: MCX lead correct after weekly gain and closed at 131.23 last week. We expect price is in now bullish trend and it can go more upside up to 135 level soon. 1. BUY LEAD(APR) MCX ABOVE 133.5 TGT 135/137 SL 131.50 2. SELL LEAD(MAY) MCX BELOW 128 TGT 126.5/124 SL 130 WEEKLY PIVOTAL S1 129.12 S2 127.23 CLOSE 131.23 R1 133.12 R2 135.23 WEEKLY COMMODITY REPORT 28-APR TO 02-MAY-2014
  • 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