WEEKLY COMMODITY REPORT BY EPIC RESEARCH-30 APRIL 2012
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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-30 APRIL 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,......

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.

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  • 1. Weekly Commodity Report (30Apr-05May)Commodity Updates Russia and Mexico buys over 16 tonnes of Gold in March: IMF Silver supply falls in 2011, net producer hedging tumbles 82% Copper stocks-to-consumption ratio at 4 year lows, indicates huge upside potential China Copper production set to decline, imports to remain strong Japan Zinc demand growth to beat China in 2012Silver futures down on weak global cues Chinas Iran oil imports drop 54% in March BofAML cuts natural gas forecast to $2.40/MMBtu in 2012
  • 2. www.epicresearch.co+919993959693 Technical Charts Mcx GoldMCX GOLD after giving a strong break out on its daily chart trend line, continued to move on higher levelsfor the whole week. Immediate resistance is seen at 29230, once able to cross this level, than it may movetowards its life high.RESISTANCE: 29220, 29320, 29440SUPPORT: 28980, 28820, 28580TREND: BULLISHSTRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  • 3. www.epicresearch.co+919993959693 Mcx Silver MCX SILVER remained volatile for the whole week. A stiff resistance is seen on daily chart’s trend line and proper break out of this trend line will only take silver towards 57000 in the upcoming sessions. RESISTANCE: 56200, 56900, 57750 SUPPORT : 55300, 54420, 53200 TREND : SIDEWAYS STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
  • 4. www.epicresearch.co+919993959693 Mcx Copper MCX COPPER has gone into bullish territory last week after touching the levels of 410 it got reversed and now trading near 444 levels. It may test 460 levels soon. RESISTANCE: 428, 433,438 SUPPORT : 437, 434,430 TREND : SIDEWAYS STRATEGY: SELL ON HIGHS www.epicresearch.co +919993959693
  • 5. www.epicresearch.co+919993959693 Mcx Crude oil MCX CRUDEOIL remained volatile for the whole week with upward bias. On weekly chart it is consolidating at top levels and a break out is expected in the upcoming sessions. RESISTANCE: 5580 5660, 5730 SUPPORT : 5475, 5440, 5390 TREND : BILLISH STRATEGY : BUY ON DIPS 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 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