Weekly commodity -report -30 june-04 july 2014 by epic reserach

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Weekly commodity -report -30 june-04 july 2014 by epic reserach

  1. 1. WEEKLY COMMODITY REPORT 30-JUNE TO 04-JULY-2014
  2. 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(AUG) MCX DAILY CHART TRADING STRATEGY: Despite the strong rally in the August MCX Gold market since June 3, trading the long side could get a little tricky today since the market has reached its first objective. In addition, today is the nineteenth day up from the bottom, putting the market in the window of time for a closing price consolidate stage. During this week prices rose sharply towards the new contract high of 27870 levels and finally closed +0.014 higher at 27668 levels. As per the candlestick pattern prices has formed “ doji candlestick pattern” which is the sign of indecisive. For the next week we expect gold prices to find support in the range of 27,500 levels. Trading consistently below 27,000 levels would lead towards the strong support at 26,500 levels and then finally towards the major support at 24,500 levels. Resistance is now observed in the range of 28000 – 28,300 levels. Trading consistently above 28,600 levels would lead towards the strong resistance at 29100 levels, and then finally towards the major resistance at 29,500 levels. BUY GOLD (AUG) ABOVE 27800 TGTS 28000/28250 SL BELOW 27600 SELL GOLD (AUG) BELOW 27600 TGTS 27400/27150 SL ABOVE 27850 WEEKLY PIVOTAL S1 27528 S2 27498 CLOSE 27672 R1 27779 R2 27886 WEEKLY COMMODITY REPORT 30-JUNE TO 04-JULY-2014
  3. 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (JUL) MCX DAILY CHART WEEKLY PIVOTAL S1 44354 S2 44180 CLOSE 44529 R1 44771 R2 45014 TRADING STRATEGY As expected during this week prices could able sustain on higher levels and in end of the week prices rose towards the new contract high of 44970 levels and finally closed -091 % 44529 at 44570 levels. In the week prices have made the new contract high of 44970 levels and formed “Doji candlestick pattern” which is the indication of indesicive. For the next week we expect silver prices to find resistance in the range of 44,950 levels. Trading consistently below 441000 levels would lead towards the strong support at 43600 levels. Resistance is now observed in the range of 45000 levels. BUY SILVER (JUL) ABOVE 44600 TGTS 44950/45450 SL 44100 SELL SILVER (JUL) BELOW 44100 TGTS 43700/43350 SL 44600 WEEKLY COMMODITY REPORT 30-JUNE TO 04-JULY-2014
  4. 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (JUL) MCX DAILY CHART TRADING STRATEGY: Crude oil price remain trapped within the sideways range represented by 6345 support and 6500 resistance, waiting for the price to break any of these levels to clearly locate its direction. For that, the sideways expectations remains valid through the upcoming period, and to recognize the expected targets Expected trading range for today is between 6345 support and 6500 resistance. Expected trend for week: down trend BUY CRUDEOIL (JUN) ABOVE 6420 TGT 6530/6600 SL BELOW 6310 SELL CRUDEOIL (JUN) BELOW 6300 TGT 6210/6090 SL ABOVE 6420 WEEKLY PIVOTAL S1 6339.33 S2 6315 CLOSE 6364 R1 6399 R2 6435 WEEKLY COMMODITY REPORT 30-JUNE TO 04-JULY-2014
  5. 5. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (JUN) MCX DAILY CHART TRADING STRATEGY: There is no major movement in copper and closed +0.57% at 417.85 on Friday. From starting the week copper price up its 415.45 levels. As per daily chart, MCX Copper price moved in sideways trend between 422-405 levels. Recently price has return from upper line and made “Black marubozu pattern” RSI is also giving sell signal, We expect price may test 410 -405 levels and below this level may go more down up to 402-395 levels. Alternative any break and close above Rs 423 could change our bias BUY COPPER (JUN) ABOVE 421 TGT 428/438 SL BELOW 412 SELL COPPER (JUN) BELOW 412 TGT 405/395 SL ABOVE 420 WEEKLY PIVOTAL S1 416.35 S2 414.85 CLOSE 417.85 R1 421 R2 423 WEEKLY COMMODITY REPORT 30-JUNE TO 04-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

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