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1. 27 APRIL – 01 MAY 2015
W E E K L Y
R
E
P
O
R
T
Blow by Blow
On
Bullions,
Base metals,
Energy…
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2. MAJOR EVENTS
Gold stayed weak triggered by positive equities ahead of the release of the US durable
good orders data later today. Gold jumped impressively yesterday nightas global
crude oil prices soared to their highest levels in nearly four months.However, the
broad sentiments in gold have been hurt after the commodity failed to break above
its 100 day Exponential Moving Average (EMA). Positive European stocks and mild
correction in crude oil is keeping a tab on the metal today.
COMEX Gold June contract isquoting at $1,190.80 per ounce, down $3.50 per ounce
on the day. Silver Maydelivery is quoting at $15.805, down 2.4 cents per ounce.
Investors lookfor developments in Greece. Greek bond prices fell, asinvestors waited
to what euro zone finance ministers meeting in Riga, Latvia, have to say about the
country's debt troubles. Greece and its creditors have been unable to reach a deal on
the economic reformsneeded for Athens to receive the next tranche of bailout funds.
Euro is almost in steady tone supportedby strong German IFO numbers in general.
Euro quotes at $1.0814, a tad down0.09% over last day close and the US dollar index
is at 98.49, up 0.06%.
China imported 1.98 million mt of natural gas via pipeline in March, 41.3% higher
than the same month last year, detailed data from the General Administration of
Customs showed Thursday.
The customs department reports natural gas trade data in metric tons, similar to LNG
imports. March's pipeline imports equate to about 2.73 Bcm. The increase was
largely due to a 26.3% increase in inflows from Turkmenistan to 1.57 million mt.
China National Petroleum Corp. is responsible for importing gas from Turkmenistan's
state-owned Turkmengas under a long-term deal expected to hit 65 Bcm/year by
2020.
CNPC also imports gas from Myanmar into China's southern Yunnan province and
surrounding areas. Total volumes from Myanmar in March were up 49.4% to 205,054
mt, the data showed. China's imports of gas from Kazakhstan, where private
company Xinjiang Guanghui imports some of its Kazakh equity production, fell 15.8%
year on year to 18,600 mt last month.
China Natural Gas
Pipeline Imports
Rise 41.3 Percent
In March.
Domestic Copper
Gains On Account
of Bottom Fishing.
Copper rises sharply on the back of bottom fishing at the last session. MCX Copper saw
strong recovery at the last session of the week. This was due to the fact that the prices
had already faced correction that brought some trading and speculative demand back
in the contract. The rise can also be linked to the fall in US Dollar against major
currencies that has given the momentum back to metals. MCX Copper April expiry was
last trading at Rs 382.85 per kg, up 1.60%. The prices tested a high of Rs 383.70 per kg
and a low of Rs 376.30 per kg. The dollar was broadly lower against a basket of other
major currencies on Friday, as the previous session's downbeat U.S. data continued to
weigh and as markets awaited an upcoming report on U.S. durable goods orders later
in the day.
The dollar remained under pressure after the U.S. Department of Labor reported on
Thursday that the number of individuals filing for initial jobless benefits increased
unexpectedly by 1,000 to 295,000 last week from the previous week's total of 294,000.
Data also showed that U.S. new home sales dropped 11.4% last month to 481,000
units, compared to expectations for a 5.3% fall to 513,000 units.
Gold Down On
Strong Equities,
Eyed Durable
Goods Orders.

3. E C O N O M I C C A L E N D E R
DATE & TIME DESCRIPTION FORECAST PREVIOUS
Apr 27 7:15pm Flash Services PMI 59.1 59.2
Apr 28 6:30pm S&P/CS Composite-20 HPI y/y 4.7% 4.6%
7:30pm CB Consumer Confidence 102.6 101.3
7:30pm Richmond Manufacturing Index -2 -8
Apr 29 6:00pm Advance GDP q/q 1.0% 2.2%
6:00pm Advance GDP Price Index q/q 0.5% 0.1%
7:30pm Pending Home Sales m/m 1.1% 3.1%
8:00pm Crude Oil Inventories 5.3M
11:30pm FOMC Statement
11:30pm Federal Funds Rate <0.25% <0.25%
Apr 30 6:00pm Unemployment Claims 297K 294K
6:00pm Core PCE Price Index m/m 0.2% 0.1%
6:00pm Employment Cost Index q/q 0.6% 0.6%
6:00pm Personal Spending m/m 0.6% 0.1%
6:00pm Personal Income m/m 0.2% 0.4%
7:15pm Chicago PMI 50.1 46.3
8:00pm Natural Gas Storage 90B
May 1 7:15pm Final Manufacturing PMI 54.2 54.2
7:30pm ISM Manufacturing PMI 52.1 51.5
7:30pm Revised UoM Consumer Sentiment 96.1 95.9
7:30pm Construction Spending m/m 0.5% -0.1%
7:30pm ISM Manufacturing Prices 42.3 39.0
7:30pm Revised UoM Inflation Expectations 2.5%
All Day Total Vehicle Sales 16.9M 17.2M

4. S1 S2 S3 R1 R2 R3
26385 25940 25500 27100 27500 27865
S1 S2 S3 R1 R2 R3
35450 34385 33490 36880 37850 39100
T E C H N I C A L V I E W
MCX GOLD showed sideways
movement, and took the support of
26600 but not able to closed below its
important support level of 26500.
Now, if it is able to maintain above
27100 then next major resistance level
is seen in the range of 27650-28000.
On other hand sustaining below 26380
bearish movement may drag it towards
the support level of 26000-25750.
S T R A T E G Y
Better strategy in MCX GOLD is to sell
below 26500 for the targets of 26000-
25500 with stop loss of 27250.
PIVOT TABLE
G O L D
PIVOT TABLE
S I L V E R
T E C H N I C A L V I E W
MCX SILVER on daily charts showed
sideways to bearish movement last
week, took the support near 36000
and closed below it. Now, if it sustain
below 36000 then next support is seen
in the range of 35000-34500. On higher
side maintaining above 37500 will
again pull it towards the resistance
level of 39100.
S T R A T E G Y
Better strategy in MCX SILVER at this
point of time is to sell below 35400 for
the target of 34000, with stop loss of
37300.

5. C R U D E O I L
C O P P E R
S1 S2 S3 R1 R2 R3
3520 3370 3225 3720 3835 3960
S1 S2 S3 R1 R2 R3
378.20 368.80 357.30 389.80 400 410.70
T E C H N I C A L V I E W
MCX Copper last week showed choppy
movement and closed below its
important resistance level of 390.
Now, if it maintains on higher level
then next important resistance is seen
around 400. On the other hand if it
sustain below the support level of 375
then it will drag towards the next
support range of 368-360.
S T R A T E G Y
Better strategy in MCX CRUDEOIL is to
buy on dips for the targets of 3850-3950,
with stop loss of 3400.
PIVOT TABLE
T E C H N I C A L V I E W
MCX Crude oil last week in a
consolidated phase, and faces the
important resistance of 3750. Now, if it
maintains above 3750 in coming
sessions then next important
resistance level is seen around 3950.
On the other hand 3500 will act as
important support level below which
again it will drag towards the support
level of 3350.
S T R A T E G Y
Better strategy in MCX COPPER is to buy
above 390, with stop loss of 380 for the
targets of 400-405.
PIVOT TABLE

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