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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-23 APRIL 2012
WEEKLY COMMODITY REPORT BY EPIC RESEARCH-23 APRIL 2012
WEEKLY COMMODITY REPORT BY EPIC RESEARCH-23 APRIL 2012
WEEKLY COMMODITY REPORT BY EPIC RESEARCH-23 APRIL 2012
WEEKLY COMMODITY REPORT BY EPIC RESEARCH-23 APRIL 2012
WEEKLY COMMODITY REPORT BY EPIC RESEARCH-23 APRIL 2012
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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-23 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, 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.

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  • 1. Weekly Commodity Report (23-28Apr)Commodity Updates China gets Gold cheaper through mine acquisitions The implications of further reduction in Comex Silver margins Silver mine supply up 1.4%, fabrication demand down 1.5% in 2011 Nickel price rebound looks unlikely due to weak fundamentals Chile copper output projected to rise 6% in 2012Silver futuresto launch Crude global cues China set down on weak oil futures trading Iran threatens grave impacts if EU does not lift the ban
  • 2. www.epicresearch.co+919993959693 Technical Charts Mcx GoldMCX GOLD remained into a deep consolidation mode in the range of 28450 to 28800. On comex it is stilltrading well below its 200 DMA which shows a bearish trend.RESISTANCE: 28820, 29050, 29200SUPPORT: 28520, 28470, 28320TREND: BULLISHSTRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  • 3. www.epicresearch.co+919993959693 Mcx Silver MCX SILVER is trading in tight consolidation range of 55500-56500; either side breakout is needed to decide its further movement. On daily chart a triangle is being formed and chances are most likely to give a break out on downside. RESISTANCE: 56800, 57250, 57750 SUPPORT : 56000, 55600, 55050 TREND : SIDEWAYS STRATEGY : SELL ON HIGHS www.epicresearch.co +919993959693
  • 4. www.epicresearch.co+919993959693 Mcx Copper MCX COPPER after giving a breakout on its daily chart remained bearish for the last week, although it showed some retracement from its support zone of 410, but is expected to remain downside on worries of euro zone debt and Chinese growth. RESISTANCE: 428, 433,438 SUPPORT : 422, 418,414 TREND : SIDEWAYS STRATEGY: SELL ON HIGHS www.epicresearch.co +919993959693
  • 5. www.epicresearch.co+919993959693 Mcx Crude oil MCX CRUDEOIL after taking a stiff correction from the higher levels. 5530 will act as an immediate resistance and if manages to sustain above the same than further upside movements can be seen. RESISTANCE: 5500 5540, 5590 SUPPORT : 5380, 5310, 5260 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

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