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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-16 JULY 2012
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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-16 JULY 2012

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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 …

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.

Published in: Economy & Finance, Business

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  • 1. W eekly Commodity Report(16th July 12)Commodity Updates  Gold climbs more than 1 per cent as euro sweeps higher Gold rose more than 1 percent on Friday as the euro swept back into positive territory against the dollar, extending gains it made earlier along with stocks and crude oil as well-received Chinese growth data lifted appetite for assets seen as higher risk  Oil near $87 even as Chinese growth slows Oil rose to near $87 a barrel Friday even as economic growth in China, the worlds second-largest crude consumer, slowed in the second quarter to a three-year low. The decline was in line with expectations.  Silver futures tad higher on global cues Silver prices edged higher by Rs 43 to Rs 53,060 per kg in futures trading today mostly in line with a firming trend overseas  Zinc futures decline on global trend Amid weak global trend and subdued domestic demand, zinc prices fell by 0.34 per cent to Rs 103.35 per kg in futures trade today. At the Multi Commodity Exchange, zinc for delivery in August declined by 35 paisa, or 0.34 per cent, to Rs 103.35 per kg, with a business turnover of 47 lots  Copper futures down 0.33 pc on global cues Copper prices declined by 0.33 per cent to Rs 425.90 per kg in futures trade today largely in tune with a weakening trend overseas amid sluggish domestic demand.
  • 2. www.epicresearch.co+919993959693 Technical Charts Mcx Gold MCX Gold crumbles slightly On Growing Fears of Global Economic Slowdown SUPPORT: 29059, 28850, 28331 RESISTANCE: 29578, 29888, 30407 TREND: BEARISH STRATEGY: 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 moved down between 53580 to 52767. RESISTANCE: 53497, 54227, 55605 SUPPORT : 52119, 51471, 50093 TREND : BULLISH STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
  • 4. www.epicresearch.co+919993959693 Mcx Copper Copper prices are expected to test 404 on lower end. Prices held the support at 417.55- 427.15 zones. Prices are expected to trade within a range from 420 to 433. SUPPORT : 420.02, 413.92, 404.22 RESISTANCE: 429.43, 433.92, 442.82 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 4564 -4760. One should remain cautioned as it is oversold and can test the resistance at 4883 -5056 and can witness selling pressure. RESISTANCE: 4883, 4933, 5056 SUPPORT : 4760, 4687, 4564 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