Weekly commodity-report by Epic Research 30-01-2012 to 03-02-2012

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Epic Research is a leading financial services provider with presence in Indian and other global capital markets. With its full fledged research operations, Epic Research has proven itself as Investment Advisory Company that produces and delivers high accuracy tips and recommendations for StockTips, Commodity Tips, Forex Tips.

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Weekly commodity-report by Epic Research 30-01-2012 to 03-02-2012

  1. 1. Weekly Commodity Report (30Jan-4Feb) Commodity Updates  Gold set for biggest weekly rise since early December  BASE METALS: Comex Copper Pauses After US Growth Data  India Apr-Jan 15 commodity turnover jumps to $2.9 trillion  Oil Increases This Week as Gasoline Surges, Greece Nears Debt Agreement  USGS: US copper production may gain by 0.1 million tons in 2012  Global aluminum inventories up in December but dip y-o-ySilver futures down on weak global cues
  2. 2. www.epicresearch.co +919993959693 Technical Charts Mcx GoldMCX GOLD showed a strong bounce back near to its major support level of 27000 followed by a gap upopening next day. Now it is very close to its major resistance level of 28000 and is expected to give an upsidebreakout.RESISTANCE: 28160, 28270, 28500SUPPORT : 27900, 27750, 27600TREND : BULLISHSTRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
  3. 3. www.epicresearch.co +919993959693 Mcx Silver MCX SILVER after giving a break out on daily and weekly charts remained bullish for the last week. Now it is trading near its major resistance level of 57000 and is expected to give an upside breakout which may take it towards 58500-59000 levels. RESISTANCE: 57850, 58500, 59200 SUPPORT : 56700, 56000, 55650 TREND : BULLISH STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co +919993959693 Mcx Copper MCX COPPER remained volatile for the whole week, ahead of euro zone PMI data and US GDP data. It faced a stiff resistance from a trend line on daily chart and a sharp correction was seen from 430 levels. RESISTANCE: 427,430,432 SUPPORT : 424,422,419 TREND : BULLISH, REVERSAL EXPECTED STRATEGY : SELL ON HIGHS www.epicresearch.co +919993959693
  5. 5. www.epicresearch.co +919993959693 Mcx Crude oil MCX CRUDEOIL showed sideways movement for the whole week with negative bias. A short term pull back is expected after a sharp correction from 5450 levels. A weekly closing below 4900 levels may take it towards 4700-4650 levels in coming weeks. RESISTANCE: 4990, 5040, 5100 SUPPORT : 4920, 4850, 4800 TREND : BEARISH STRATEGY : SELL ON HIGHS 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

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