WEEKLY COMMODITY REPORT BY EPIC RESEARCH-02 JULY 2012
Upcoming SlideShare
Loading in...5
×

Like this? Share it with your network

Share

WEEKLY COMMODITY REPORT BY EPIC RESEARCH-02 JULY 2012

  • 457 views
Uploaded on

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips,......

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
457
On Slideshare
457
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
0
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Weekly Commodity Report (2 July 12)Commodity Updates  The government slashed import tariff value of gold to $507 per 10 grams and of silver to $871 a kg on Friday following fall in global prices of the precious metals  In global markets, gold fell to the lowest level in almost four weeks amid signs of slowing US growth and strengthening of dollar on speculation that European Union leaders will struggle to solve the debt crisis, silver slumped to the lowest level in 19 months.  Crude oil futures fell as much as 3 per cent on Thursday, and are on track for the worst quarterly performance since the 2008 financial debacle,  Gold traders in India were hesitant to place deals in a slack demand period even as prices edged lower weighed by a stronger rupee and weak overseas markets  Silver futures down on weak global cues
  • 2. www.epicresearch.co+919993959693 Technical Charts Mcx GoldMCX Gold Crumbles By 1.20 Percent On Growing Fears Of Global Economic SlowdownSUPPORT: 29358, 29068, 28431RESISTANCE:30025,30432,31099TREND: BEARISHSTRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  • 3. www.epicresearch.co+919993959693 Mcx Silver MCX SILVER showed volatile movements for the whole week. SILVER prices have moved down 1.00% in the July series so far. RESISTANCE: 53653, 54885, 57114 SUPPORT : 51424, 50427, 48198 TREND : BEARISH STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
  • 4. www.epicresearch.co+919993959693 Mcx Copper Copper prices are expected to test 386 on lower end. Prices held the support at 400-412 zone.Prices are expected to trade within a range from 419 to 439 SUPPORT : 419.97,406.63,386.63 RESISTANCE: 439.97,446.63,466.63 TREND : BULLISH STRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  • 5. www.epicresearch.co+919993959693 McxCrude oil MCX Crude prices are expected to trade lower till 4157 -4512. One should remain cautioned as it is oversold and can test the resistance at 4729 -5025 and can witness selling pressure RESISTANCE: 4729,4808,5025 SUPPORT : 4512, 4374, 4157 TREND : BEARISH STRATEGY : SELL ON HIGHS www.epicresearch.co +919993959693
  • 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 sui ts 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 f or any transaction conducted based on the information given in this report, which is in violation of rule s 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 S MS 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