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  1. 1. Weekly Commodity Report (19-24Mar)Commodity Updates  Gold spurts on import duty hike, global sentiment  COMEX Gold softer on sloppy technical’s  Chinese copper imports to drop substantially in March and April  Nickel supply to be much less than forecasted in 2012: Soc Gen  US copper imports tumble 34% in January, aluminum up 43%  China crude oil imports hit record high in FebruarySilver futures down on weak global cues amidst wide trade deficit  India Budget 2012-13: Gold jewellery to cost more, silver prices may fall
  2. 2. www.epicresearch.co+919993959693 Technical Charts Mcx GoldMCX GOLD after a sharp volatile movement after the custom duty was hiked on Friday but remainedsideways for the whole week with a negative bias. In comex it is sustaining below major support of 200 DMAand is expecting to become weak further.RESISTANCE: 28050, 28275, 28500SUPPORT: 27730, 27580, 27310TREND: SIDEWAYSSTRATEGY: SELL ON HIGHS www.epicresearch.co +919993959693
  3. 3. www.epicresearch.co+919993959693 Mcx Silver MCX SILVER after retracing from a major trend line on its Daily chart near 57500 managed to sustain below that level and become weak for the upcoming trading sessions. RESISTANCE: 57600, 58150, 58900 SUPPORT : 56600, 56250, 55800 TREND : SIDEWAYS STRATEGY : SELL ON HIGHS www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co+919993959693 Mcx Copper MCX COPPER remained sideways for the whole weak with an upward bias. It may face a stiff resistance near 440 levels and a short term reversal is expected from this level. A weekly close above 440 may take it towards 452-455 levels. RESISTANCE: 428.80, 432.40,436 SUPPORT : 434.50, 438.20,442 TREND : SIDEWAYS STRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  5. 5. www.epicresearch.co+919993959693 Mcx Crude oil MCX CRUDEOIL being bullish remained in the sideways range, but some volatility was seen in the evening sessions as the Greece bailout package issue is being very crucial. RESISTANCE: 5410, 5480, 5600 SUPPORT : 5280, 5230, 5180 TREND : BILLISH STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
  6. 6. www.epicresearch.co+919993959693 Disclaimer 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. www.epicresearch.co +919993959693