Weekly commodity-report 21-25 july by epic research pvt.l td indore


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Epic Research adopts multiple ways to analyse the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.

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Weekly commodity-report 21-25 july by epic research pvt.l td indore

  2. 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(AUG) MCX DAILY CHART WEEKLY PIVOTAL S1 27584 S2 27176 CLOSE 27993 R1 28399 R2 28806 WEEKLY COMMODITY REPORT 21-JULY TO 25-JULY-2014 TRADING STRATEGY: During this week prices rose sharply towards the contract high of 28589 levels and finally closed +799 higher at 27557 levels. As per the candlestick pattern prices has formed “ Bullish candlestick pattern” which is the sign of uptrend. For the next week we expect gold prices to break the support. and close above this level than it may test new level of 27400 . Support is now tacking around this rang in the range of 27584 levels. Trading consistently below 27950 levels would lead towards the strong support at 27450 levels. BUY GOLD (AUG) ABOVE 28600 TGTS 28850/29000 SL BELOW 28280 SELL GOLD (AUG) BELOW 27750 TGTS 27500/27300 SL ABOVE 28000
  3. 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (JUL) MCX DAILY CHART WEEKLY PIVOTAL S1 44251 S2 43571 CLOSE 44931 R1 45731 R2 46531 TRADING STRATEGY Major movement in SILVER MCX last week . Short term trend is Down, SILVER MCX CLOSED @44931. Silver Recover from bottom @ 44576, may go down till 44251 .for keep a close eye on US deta, Volalitity may Rule the overall market due to USD/INR MOVEMENTS BUY SILVER (SEP) ABOVE 45900 TGTS 46945/47400 SL 45300 SELL SILVER (SEP) BELOW 44300 TGTS 43500/42200 SL 45000 WEEKLY COMMODITY REPORT 21-JULY TO 25-JULY-2014
  4. 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (JUL) MCX DAILY CHART TRADING STRATEGY: Crude oil traded at a one-week uptrend amid signs Libyan oil exports will rebound. West Texas Intermediate also fell to the lowest in a month before oil inventory data. Crude futures dropped on Friday as investors continued to unwind positions that priced in conflict- related supply disruptions in Libya and Iraq that never materialized. BUY CRUDEOIL (JULY) ABOVE 6270 TGT 6355/6500 SL BELOW 6066 SELL CRUDEOIL (JULY) BELOW 6150 TGT 5900/5840 SL ABOVE 6270 WEEKLY PIVOTAL S1 6030 S2 5851 CLOSE 6226 R1 6326 R2 6443 WEEKLY COMMODITY REPORT 21-JULY TO 25-JULY-2014
  5. 5. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (JUN) MCX DAILY CHART TRADING STRATEGY: Copper futures swung between small gains and losses on Friday, after data showed that China’s exports rose less than expected in June. BUY COPPER (AUG) ABOVE 433 TGT 440/455 SL BELOW 424 SELL COPPER (AUG) BELOW 424 TGT 415/405 SL ABOVE 431 WEEKLY PIVOTAL S1 421.6 S2 417.05 CLOSE 426.15 R1 433.85 R2 441.55 WEEKLY COMMODITY REPORT 21-JULY TO 25-JULY-2014
  6. 6. 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. DISCLAIMER