Weekly commodity report 18 to22 aug 2014 by epic research pvt.ltd indore

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Weekly commodity report 18 to22 aug 2014 by epic research pvt.ltd indore

  1. 1. WEEKLY COMMODITY REPORT 18-22 AUG-2014
  2. 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(OCT) MCX DAILY CHART WEEKLY PIVOTAL S1 28446 S2 28278 CLOSE 28614 R1 28836 R2 29058 WEEKLY COMMODITY REPORT 18-22 AUG-2014 TRADING STRATEGY: MCX Gold Oct as seen in the weekly chart above has opened the week at 28569 levels and made a low of 28,501 levels. During this week price could not able to breach the support zone of 28320- 28100 levels and bounced sharply towards the high of 29000 levels. At the end of the week price corrected towards the up side and Technically, as per the candlestick pattern prices have formed “Bullish candlestick pattern” indicating optimism for the coming trading sessions. For the next week we expect gold prices to find support in the range of 28320, 28100 levels. BUY GOLD (OCT) ABOVE 29000 TGTS 29200/29540 SL BELOW 28840 SELL GOLD (OCT) BELOW 28500 TGTS 28320/28100 SL ABOVE 28660
  3. 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (SEP) MCX DAILY CHART WEEKLY PIVOTAL S1 42872 S2 42481 CLOSE 43263 R1 43852 R2 44441 TRADING STRATEGY MCX Silver Sept as seen in the weekly chart above has opened at 43515 levels and made a high of 44050 levels. During the week prices could not able to breach the resistance zone of 44,700 – 45300 levels and corrected sharply towards the low of 43070 levels. BUY SILVER (SEP) ABOVE 43800 TGTS 44700/45300 SL 43050 SELL SILVER (SEP) ON RISE 43700 TGTS 43000/42400 SL 44350 WEEKLY COMMODITY REPORT 18-22 AUG-2014
  4. 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (AUG) MCX DAILY CHART TRADING STRATEGY: MCX Crude oil Aug as seen in the weekly chart above has opened the week at 5,977 levels and as expected during this week price could not able to breach the resistance zone of 5950 – 6,060levels and corrected towards the low of 5829 levels. BUY CRUDEOIL (AUG) ABOVE 6000 TGT 6120/6220 SL BELOW 5920 SELL CRUDEOIL (AUG) ON RISE 5950TGT 5800/5680 SL ABOVE 6060 WEEKLY PIVOTAL S1 5757 S2 5685 CLOSE 5829 R1 5967 R2 6105 WEEKLY COMMODITY REPORT 18-22 AUG-2014
  5. 5. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (AUG) MCX DAILY CHART TRADING STRATEGY: MCX Copper August as seen in the weekly chart above has opened at 431 levels and in the starting of the week price have made a high of 432.80 levels but could not able to sustain on resistance zone of 422 - 427 and corrected sharply towards the weekly low of 415.50 levels. BUY COPPER (AUG) ABOVE 425TGT 430/435 SL BELOW 419 SELL COPPER (AUG) ON RISE 422TGT 415/409 SL ABOVE 427 WEEKLY PIVOTAL S1 409.93 S2 404.07 CLOSE 415.8 R1 427.23 R2 438.67 WEEKLY COMMODITY REPORT 18-22 AUG-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

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