2. BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(AUG) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 31215
S2 30711
PP 31835
R1 32339
R2 32959
TRADING STRATEGY:
MCX Gold AUG contract, able to breach its previous week's high but closed below 32000 levels in
the last trading session due to better than expected non-fram payroll data. In Comex, gold closed
above $1350 and which will now act as a support level in the near term. Major support at $1300-
$1280 and resistance at $1380.
For the next week,Gold AUG contract has support of 31300 levels. And strong support in range of
30900 to 30700 levels.
Resistances are in the range of 31960 to 32000 levels. Above 32000 the next resistance is at
32465 levels.
WEEKLY RECOMENDATIONS:-
SELL GOLD AUG BELOW 31600 TG 31350 / 31200 SL ABOVE 31850
BUY GOLD AUG ABOVE 31960 TG 32100/32300 SL BELOW 31700
WEEKLY COMMODITY REPORT
22nd JUNE TO 27th JUNE 2015
3. BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (SEPT) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 46050
S2 44611
PP 47278
R1 48715
R2 49945
TRADING STRATEGY
MCX Silver SEPT Contract, able to breach its previous week's high and traded in positive
territory and closed below above 47000 levels. In Comex silver has a minor resistance of $20.40
and strong resistance at $21. Silver has a minor support around $19.24 and if it will close below
$18.50 we will see a huge sell off in market.
For the coming week, we expect Silver SEPT contract go up to 47800-48000 levels. Support are
expected at 46700 to 46500 levels. Below 46000 levels the next support is at 45500-45000.
WEEKLY RECOMENDATIONS:-
SELL SILVER SEPT BELOW 47000 TG 46600/ 46300 SL ABOVE 47400
BUY SILVER SEPT ABOVE 47500 TG 47900/48100 SL BELOW 47100
4. TRADING STRATEGY:
MCX Crude Oil JULY contract shown a downside movement on this week due to -2.223M from
previous week -4.053m as reported by EIA . In NYMEX Crude Oil has resistance of $47.90 and
strong support of $43.Oil rig count has up by 10 this week to 351 from 341 showed by Baker
Hughes report .
Crude Oil JULY contract having support at 3015 to 2980 levels Below it at 2920 levels & strong
supports at 2890 & 2850 levels.
Resistances are at 3115-3150 levels & above it at 3190 to 3200 levels & strong resistance at 3260
& 3440levels.
WEEKLY RECOMENDATIONS:-
SELL CRUDE OIL JULY BELOW 3015 TG 2970/ 2950 SL ABOVE 3080
BUY CRUDE OIL JULY ABOVE 3120 TG 3170/3200 SL BELOW 3079
WEEKLY COMMODITY REPORT
05-09-JAN-2015
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (JULY) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 2942
S2 2825
PP 3132
R1 3250
R2 3439
5. COPPER (AUG) MCX WEEKLY CHART
BASE METALS WEEKLY TECHNICAL LEVELS
WEEKLY PIVOTAL
S1 311
S2 304.2
PP 324.05
R1 330.85
R2 343.9
TRADING STRATEGY:
MCX COPPER AUG contract shown downside movement in the last trading session due to
increase in lme inventory which drag copper prices towards downward There is a minor support
level around 317 and resistance around 322-324 levels. In the longer term we are bearish in
copper prices and it will touch to 300-280 in Mcx.
For the next week, Copper AUG contract supports are at 312-307 levels. Below it, at 300-295
levels &280 and strong support at 250 levels.
Resistance are at 322.40-328 level. Above it at 332 levels & Strong resistance is at 337.10-350
levels.
WEEKLY RECOMENDATIONS:-
SELL COPPER AUG BELOW 317 TG 313.50/ 310 SL ABOVE 321.40
BUY COPPER JUNE AROUND 323 TG 328/330 SL BELOW 318
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