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Daily commodity-report 12 aug


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Daily commodity-report 12 aug

  1. 1. MCX COMMODITY WEEKLY REPORT EPIC Research Report This Report contains all the study and strategy required by trader to trade on MCX commodities. Refer to the chart attracted in the Report to take proper Trading Decision. Research Analyst: Prateek Gupta Date: 12-August-2013
  2. 2. MCX Daily Newsletter (12-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 WEEKLY COMMODITY WRAP…..!!!!! Base metals LME base metals have stabilized, underpinned by reports of better trade numbers from China and improving economic activity in Europe. China’s exports grew 5.1% during July, recovering from June's 3.1% fall. Imports also showed a 10.9% jump. In Europe, Recessionary conditions seem to be mitigating, whereby Italy’s Q2 GDP contracted by meager 0.2% as compared with a decline of 0.6% during the prior period. Meanwhile, Germany’s factory orders during June grew at the highest rate since the past eight Months. The country’s Germany’s industrial production during June also rose 2.4% from May. On production front, Aluminum Producers have been facing margins pressure for a quite long Time on account of low metal prices. The global markets have been inundated with expanding surplus and rampant cutbacks during the next few months will not be a surprise. Base metals are expected to trade firm during next week, as macroeconomic developments from Europe and China has exhibited some positive signals. Reports of Chinese government planning to rationalize production should also provide an element of support. The regime has ordered various metal smelters to close outdated capacity by the end of September and dismantle them by the end of this year. Precious metals Precious metals reversed course, with gold prices once again receding below the psychological level of US$1,300/oz. Silver prices have also failed to sustain around US$20/oz. Positive macroeconomic numbers from US and Europe has prompted selling in the precious metals counter. In addition, escalating expectations of US Federal Reserve tapering the bond buying programme has weighed on the pack. In this respect, Fed Bank of Dallas President Richard Fisher stated that investors should not bank on the Fed to persist with its US$85bn monthly bond purchases for an indefinite period. In the latest, Charles Evans, president of the Chicago Fed has conveyed that US economic backdrop is improving, which should allow the Federal Reserve to scale down the pace of its asset purchases before this year end. Gold prices should remain confined within the price range of US$1,260-1,340/oz. Range bound trade will remain intact During the course of next few weeks until the market focus Shifts back to Federal Reserve meeting in September.
  3. 3. MCX Daily Newsletter (12-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 WEEKLY ECONOMIC CALENDAR
  4. 4. MCX Daily Newsletter (12-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 MCX BULLIONS DAILY TECHNICAL LEVELS GOLD MCX HOURLY CANDLESTICK CHART TRADING STRATEGY: GOLD MCX is trading sideways and intermediate trend is up. Trading between range 28800-27200. USDINR is also trading near to all time highs so keep a close watch on currency movements before taking any long or short Position. Immedaite Resistance @28040 and Support @27200 1. Sell GOLD MCX Below 27150 TGT 27050/26950 SL 27250 2. Buy GOLD MCX Above 28100 TGT 28200/28300 SL 28000
  5. 5. MCX Daily Newsletter (12-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 MCX BULLIONS DAILY TECHNICAL LEVELS SILVER MCX HOURLY CANDLESTICK CHART TRADING STRATEGY: SILVER MCX is trading near to trend line resistance levels and any breakout would be a good buying opportunity. Keep A close watch on USDINR movements while initiating any fresh position. Immediate Resistance @43050 and Support @42300 1. Sell SILVER MCX BeLow 41900 TGT 41500/41000 SL 42300 2. Buy SILVER MCX above 43200 TGT 43500/44000 SL 42700
  6. 6. MCX Daily Newsletter (12-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 MCX BASE METALS DAILY TECHNICAL LEVELS COPPER MCX HOURLY CANDLESTICK CHART TRADING STRATEGY: COPPER MCX is seen a bull run in international markets and is trading in uptrend. Can head towards higher levels Next week. Any correction would be buying opportunity. Immediate Resistance @449.50 and Support @436 1. Sell COPPER MCX Below 431.50 TGT 427.50/422.50 SL 435.50 2. Buy COPPER MCX Above 445 TGT 449/454 SL 440
  7. 7. MCX Daily Newsletter (12-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 MCX ENERGY DAILY TECHNICAL LEVELS CRUDEOIL MCX HOURLY CANDLESTICK CHART TRADING STRATEGY: CRUDEOIL MCX has faced some correction last week trading near to support levels and if sustians above support levels it may be best buying opportunity this week. Immediate Resistance @6415 And Support @6190 1. Buy CRUDEOIL MCX above 6450 TGT 6600/6650 SL 6500 2. Sell CRUDEOIL MCX below 6170 TGT 6100/6000 SL 6270
  8. 8. MCX Daily Newsletter (12-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 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. CONTACT US: WWW.EPICRESEARCH.CO Epic Research Private Limited Corporate Office 411 Milinda Manor (Suites 409 - 417) 2 RNT MargOpp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 / 2427 / 2230 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639