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  1. 1. Weekly Commodity Report (02-07Apr)Commodity Updates Russia central bank sells Gold reserves worth $200 mn for first time in 5 yrs China wastes 1500Kg of Gold, 30000Kg Silver every year UBS cuts 2012 Gold forecast by 18% Chinese Copper imports could fall by 23% for the rest of 2012 LME Copper prices remain negative trend Diesel demand growth highest among oil products in ChinaSilver futures down on weak global cues Saudi Arabias economic growth is making domestic oil demand soar
  2. 2. www.epicresearch.co+919993959693 Technical Charts Mcx GoldMCX GOLD went into a deep consolidation mode in the range of 27800 to 28000. On comex it is very volatilealthough trading below its 200 DMA but due to rupee depreciation it is trading on higher levels in MCX.RESISTANCE: 28230, 28420, 28650SUPPORT: 27950, 27750, 27470TREND: SIDEWAYSSTRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  3. 3. www.epicresearch.co+919993959693 Mcx Silver MCX SILVER remained volatile for the whole week with a downward bias. On daily chart if it is able to break a trend line than we say see the levels of 59500 in the short term. RESISTANCE: 57220, 57930, 58150 SUPPORT : 56400, 55900, 55550 TREND : DOWN STRATEGY : SELL ON HIGHS www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co+919993959693 Mcx Copper MCX COPPER showed some correction from the higher levels as expected. However the trend is still Bullish and new buying positions can be seen from the current levels. RESISTANCE: 435.80, 438.20,442 SUPPORT : 428.50, 425,421 TREND : SIDEWAYS STRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  5. 5. www.epicresearch.co+919993959693 Mcx Crude oil MCX CRUDEOIL took a stiff correction from the higher levels and now trading below its 34 DMA. 5230 is an immediate support for the MCX CRUDEOIL ,and if manages to break this level than further downside movements can be seen. RESISTANCE: 5528, 5580, 5650 SUPPORT : 5400, 5340, 5270 TREND : BILLISH STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
  6. 6. www.epicresearch.co+919993959693 Disclaimer 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. www.epicresearch.co +919993959693