Weekly commodity-report by epic reseach 2 september 2013


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Weekly commodity-report by epic reseach 2 september 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 attacted in the Report to take proper Trading Decision. Date: 02-September-2013
  2. 2. MCX Daily Newsletter (02-September-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, Markets urvey 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 (02-September-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 WEEKLY ECONOMIC CALENDAR
  4. 4. MCX Daily Newsletter (02-September-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 WEEKLY MCX COMMODITIES PIVOT LEVELS SCRIPTS Previous Week High Previous Week LOW Previous Week Close Weekly S2 Weekly S1 Weekly PIVOT Weekly R1 Weekly R2 GOLD OCT 35074 31686 32989 29861.67 31425.33 33249.67 34813.33 36637.67 SILVER DEC 59942 53111 53212 48590.67 50901.33 55421.67 57732.33 62252.67 CRUDE OIL SEPT 7784 6830 7246 6332.67 6789.33 7286.67 7743.33 8240.67 COPPER NOV 512.65 467.7 486.95 444.15 465.55 489.10 510.50 534.05 NICKEL SEPT 1004.8 912.8 928.2 856.60 892.40 948.60 984.40 1040.60 NATURAL GAS SEPT 254 223.6 239.5 208.63 224.07 239.03 254.47 269.43 ALUMINIUM SEPT 130 117.15 122.1 110.23 116.17 123.08 129.02 135.93 ZINC SEPT 136.9 123.55 128.25 116.22 122.23 129.57 135.58 142.92 LEAD SEPT 155.4 140.25 145.15 131.78 138.47 146.93 153.62 162.08
  5. 5. MCX Daily Newsletter (02-September-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 MCX BULLIONS DAILY TECHNICAL LEVELS GOLD MCX DAILY CANDLESTICK CHART TRADING STRATEGY: GOLD MCX as predicted last week touched 35000 levels. For thic week we may see support around 32400 levels and may see turn around from those levels. Alternatively we may see selling below 31900 levels. GOLD COMEX if Sustains avove 1425$ may enter Bullish Zone. And USDINR May see Support Around 65$. Immedaite Resistance @33830 and Support @32480 1. Buy GOLD MCX above 33850 TGT 34000/34300 SL 31500 2. Sell GOLD MCX below 32300 TGT 32000/31700 SL 32700
  6. 6. MCX Daily Newsletter (02-September-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 SILVER MCX DAILY CANDLESTICK CHART TRADING STRATEGY: SILVER MCX is trading very volatile. We have already seen Selling from Higher levels from around 59000 levels. Now We may See Some Consolidation this week. Hence Sell on Rise around higher Resistance levels @57775 are suggested. And buying may be seen at lower support levels @53100. Immedaite Resistance @55400 and Support @53100 1. BUY SILVER MCX above 55500 TGT 56000/56500 SL 55000 2. SELL SILVER MCX Below 53000 TGT 52500/52000 SL 54000
  7. 7. MCX Daily Newsletter (02-September-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