Weekly commodity-report 26-aug-2013


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Weekly commodity-report 26-aug-2013

  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. Date: 26-August-2013
  2. 2. MCX Daily Newsletter (26-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 WEEKLY COMMODITY WRAP…..!!!!! Base metals Recent macroeconomic numbers from China and Europe has proved supportive for the base metals pack, whereby we have witnessed an improvement in Chinese industrial production and mitigation of recessionary conditions in Europe. In China, HSBC flash PMI reading of manufacturing activity hit a four month high in July and in the process crawled into the expansion territory. Improvement in the manufacturing activity has justified Chinese government efforts to revive the economy through stimulus measures, including new investments in power grids and spending on urban infrastructure and railways. In Europe, Market survey conveyed that business in the region improved during August, aided by a rebound in German activity. After every healthy recovery, markets have an inclination to Witness profit taking at higher levels and the same holds True for non-ferrous metals. Although the landscape in US And improving conditions in China and Europe should be Considered bullish, growing perception of Federal Reserve Tapering the stimulus may exert downward pressure on the Entire commodity pack. Precious metals Gold prices have retreated from the high of US$1,385/oz, as US FOMC minutes gave an impression that the central bank will Indeed start tapering the bond buying program later this year and may also conclude the purchase program around the middle of 2014 if economic conditions warrant. US treasury bonds are under severe pressure, with the ten and thirty year yields around 3% and 4% respectively. Greenback managed resurgence against a number of currencies, with US dollar index reclaiming 81.5 levels. In physical markets, US Mint reported that demand for gold coins plunged in recent weeks. Total sales of American Eagle gold bullion coins during the first two weeks of August stood at 3,000 ounces, well below the 39,000 ounces during August 2012. Recent FOMC policy minutes have inculcated a belief among The market participants that tapering is inevitable, however The timing of the tightening may vary. Uncertainty may Prevail but market consensus conveys that apex bank will Moderately scale back during September. Fed has to start Somewhere and September policy meeting is deemed to be the period whereby the tapering process can eventually Start. In event of such a scenario, greenback will witness Resurgence and effectuate a slide in precious metals. Gold Prices will remain range bound during the next few weeks Until we get more clarity from the September Fed meeting.
  3. 3. MCX Daily Newsletter (26-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 WEEKLY ECONOMIC CALENDAR
  4. 4. MCX Daily Newsletter (26-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 MCX BULLIONS DAILY TECHNICAL LEVELS GOLD MCX DAILY CANDLESTICK CHART TRADING STRATEGY: GOLD MCX is in bull run and due to triple effect of USDINR, International Market and increase in Import Duty has taken Gold near to all time High levels. Now if USDINR Sustains at these levels and International Market Gets Strong and head towards higher levels. Then Probability of GOLD to touch 33000-35000 are likely. Immedaite Resistance @32050 and Support @31550 1. Sell GOLD MCX below 31400 TGT 31300/31100 SL 31500 2. Buy GOLD MCX Above 32100 TGT 32300/32500 SL 32000
  5. 5. MCX Daily Newsletter (26-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 SILVER MCX DAILY CANDLESTICK CHART TRADING STRATEGY: SILVER MCX is in bull run and due to triple effect of USDINR, International Market and increase in Import Duty has taken SILVER to higher levels. Now if USDINR Sustains at these levels and International Market Gets Strong and head towards higher levels. Then Probability of SILVER MCX to touch 57000 levels are likely. Immedaite Resistance @55250 and Support @50370 1. BUY SILVER MCX above 54100 TGT 54400/54800 SL 53800 2. SELL SILVER MCX Below 51500 TGT 51200/51000 SL 52000
  6. 6. MCX Daily Newsletter (26-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