Weekly commodity-report by epic research 27-02-2012


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Weekly commodity-report by epic research 27-02-2012

  1. 1. Weekly Commodity Report (27 Feb-3mar)Commodity Updates  India gold imports to fall 20% in 2012  Crude oil surge continues, WTI crude set to cross $110 mark  Iraq oil production to rise 28% in 2012  India gold imports to drop by 35% in 2012/13: Govt panel  Copper sees the biggest shortage in 2 years: ICSG  Tight fundamentals will push up aluminum prices: Barclays  Us nat gas drops to $2.55/MMBtu on weak fundamentalsSilver futures down on weak global cues  Base Metals Advance as Finance Ministers Reach Agreement on Greek Bailout
  2. 2. www.epicresearch.co+919993959693 Technical Charts Mcx GoldMCX GOLD has given a strong breakout on its daily chart triangle pattern and showed a good rally. On thelast trading session of the week it showed some correction from higher levels, but expected to remainbullish.RESISTANCE: 28770, 28900, 30000SUPPORT: 28560, 28430, 28300TREND: BULLISHSTRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  3. 3. www.epicresearch.co+919993959693 Mcx Silver MCX SILVER is consolidating on weekly charts below its important resistance level of 57000-58000. On weekly basis if managed to close above 58400 than its ultimate target will be 62000-63000. RESISTANCE: 58900, 60700, 61500 SUPPORT : 57750, 57000, 56300 TREND : BULLISH STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co+919993959693 Mcx Copper MCX COPPER after making recent high of 434.65 crashed from that level n remained bearish for the whole week. On weekly charts it has given breakout of channel pattern so further downside expected RESISTANCE: 419.60, 421.20, 424.20 SUPPORT : 412.50, 409.50,405 TREND : SIDEWAYS STRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  5. 5. www.epicresearch.co+919993959693 Mcx Crude oil MCX CRUDEOIL remained bullish for the whole week ahead of uncertainties of crude oil supply, and Iran has also put ban on 6 euro zone nations. On nymex also it is well sustaining near $110/barrel which shows further upside movements. RESISTANCE: 5500, 5620, 5740 SUPPORT : 5360, 5275, 5180 TREND : BEARISH STRATEGY : SELL ON HIGHS 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