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2. BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(DEC) MCX DAILY CHART
WEEKLY PIVOTAL
S1 26927
S2 26598
CLOSE 27256
R1 27597
R2 27938
WEEKLY COMMODITY REPORT
20-24-OCT-2014
TRADING STRATEGY:
MCX Gold (Dec)as seen in the weekly chart above has opened the week at 27022 levels
and made a low of 26940 levels. During this week price could not able to breach the
support zone of 26800-27050 levels and bounced sharply upwards the high of 27610
levels. At the end of the week price corrected towards the up side and Technically, as per
the candlestick pattern prices have formed , indicating
optimism for the coming trading sessions.
BUY GOLD (DEC) ABOVE 27400 TGTS 27620 /27750 SL BELOW 27200
SELL GOLD (DEC) BELOW 27100 TGTS 26900/26750 SL ABOVE 27260
3. WEEKLY COMMODITY REPORT
20-24-OCT-2014
BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (DEC) MCX DAILY CHART
WEEKLY PIVOTAL
S1 38059
S2 37719
CLOSE 38399
R1 38959
R2 39519
TRADING STRATEGY
MCX Silver (Dec)as seen in the weekly chart above has opened at 38730 levels and
made a high of 39180 levels. During the week prices could not able to breach the
resistance zone of 40500-41000 levels and corrected sharply towards the low of 38280
levels.
BUY SILVER (DEC) ABOVE 39000 TGTS 39500/40100 SL 38550
SELL SILVER (DEC) BELOW 38200 TGTS 37700/37300 SL 38700
4. ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (NOV) MCX DAILY CHART
TRADING STRATEGY:
Some upside could be in Crude oil on back of short covering, but short term bias
remains weak as long as 5230 is held on upside. Weekly support is at 4950 and
sustained break below could target 4950. Selling on rise is advisable, but our view
could negate if it breaches above 5150.
BUY CRUDEOIL (NOV) ABOVE 5320TGT 5460/5620 SL BELOW 5200
SELL CRUDEOIL (NOV) ON RISE 5180 TGT 5030/4900 SL ABOVE 5300
WEEKLY PIVOTAL
S1 4938
S2 4792
CLOSE 5085
R1 5227
R2 5370
WEEKLY COMMODITY REPORT
20-24-OCT-2014
5. BASE METALS WEEKLY TECHNICAL LEVELS
COPPER (NOV) MCX DAILY CHART
TRADING STRATEGY:
MCX Copper (Nov) as seen in the weekly chart above has opened at 413.10 levels and
in the starting of the week price have made a high of 423.35 levels but could not able to
sustain on resistance zone of 422-426 and corrected sharply downwards the weekly low
of 404.50 levels. Short term trend is down
BUY COPPER (NOV) ABOVE 416 TGT 423/429 SL BELOW 410
SELL COPPER (NOV) SELL ON RISE 414 TGT 408/401 SL ABOVE 421
WEEKLY PIVOTAL
S1 401
S2 393.5
CLOSE 409.25
R1 420.23
R2 431.22
WEEKLY COMMODITY REPORT
20-24- OCT-2014
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