WEEKLY COMMODITY REPORT BY EPIC RESEARCH-23 JULY 2012

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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-23 JULY 2012

  1. 1. WEEKLY COMMODITY REPORT 23RD JULY 2012WWW.EPICRESEARCH.CO 9993959693
  2. 2.  HEADLINES  Gold eases below $1,580 an ounce as euro, stocks weaken: Gold eased on Friday as a softer tone to the euro and stock markets indicated caution among investors, but remained set for its first weekly gain in four as they weighed up the likelihood of fresh measures to stimulate the US economy.  Brent dips toward $107, steep 4-week rally spurs selling:  Brent crude slipped 55 cents to $107.25 a barrel by 0751 GMT. The contract settled up $2.64 on Thursday and touched an intraday top of $108.18, the highest since May 22. US September crude fell 55 cents to $92.11. The August contract ended up $2.79 and touched a high of $92.94 in the previous session, also the highest since May 22.  Silver futures up on global trend: Silver prices shot up by Rs 141 to Rs 54,546 per kg in futures trading today after participants enlarged their positions, taking positive cues from global market. At the Multi Commodity Exchange, silver for delivery in December shot up by Rs 141, or 0.26 per cent, to Rs 54,546 per kg in business turnover of 11 lots.WWW.EPICRESEARCH.CO 9993959693
  3. 3. MCX WEEKLY GOLD CHARTANALYSISOPEN: 29230HIGH: 29370LOW: 29133CLOSE: 29282 GOLD LOOKS BEARISH TREND: BEARISH STRATEGY: SELL ON RISE. WWW.EPICRESEARCH.CO 9993959693
  4. 4. MCX WEEKLY SILVER CHARTANALYSISOPEN: 52721HIGH: 53098LOW: 52305CLOSE: 52818 SILVER LOOKS BEARISH TREND: BEARISH STRATEGY: SELL ON RISE
  5. 5.  MCX WEEKLY COPPER CHARTANALYSISOPEN: 425.70HIGH: 431.70LOW: 419.75CLOSE: 422.15 COPPER LOOKS RANGE BOUND TREND: RANGEBOUND STRATEGY: SELL ON RISE, BUY ON DIPS WWW.EPICRESEARCH.CO WWW.EPICRESEARCH.CO 9993959693 9993959693
  6. 6.  MCX WEEKLY CRUDE OIL CHARTANALYSISOPEN: 4787HIGH: 5150LOW: 4760CLOSE: 5083 CRUDE OIL LOOKS BULLISH TREND: BULLISH STRATEGY: BUY ON DIPSwww.epicresearch.co 9993959693
  7. 7. DisclaimerThe 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 tochoose the product/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information containedherein is based on analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The reportdoes not provide individually tailor-made investment advice. Epic research recommends that investorsindependently evaluate particular investments and strategies, and encourages investors to seek the advice ofa financial adviser. Epic research shall not be responsible for any transaction conducted based on theinformation 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 informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related toepic research might be holding positions in the stocks recommended. It is understood that anyone who isbrowsing through the site has done so at his free will and does not read any views expressed asa recommendation for which either the site or its owners or anyone can be held responsible for . Anysurfing 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 lossincurred whatsoever for any financial profits or loss which may arise from the recommendations aboveepic research does not purport to be an invitation or an offer to buy or sell any financial instrument. OurClients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS orReport or Any Information Provided by us to/with anyone which is received directly or indirectly by them. Iffound so then Serious Legal Actions can be taken.

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