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1. 01 SEP – 05 SEP 2014
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
MCX Gold futures witnessed good gains today as the global prices edged up amid continued bargain buying. Renewed worries on the Ukraine front helped boost thes entiments. Steady to weak trend in global equities followed by a slight weakness in the US dollar is helping gold come over its recent losses. Stocks in Europe dropped and safe haven buying picked up as Ukraine stated today thatRussian forces have seized the coastal town of Novoazovsk and several villages near theborder with Russia, part of a wider assault yet again. Ukrainian President Petro Poroshenko called for an emergency meeting of the United Nations Security Council and the European Council to respond to what he called the incursion of Russian forces. This pepped up gold, which has been trying hard to recover from its two month lows. Chinese demand worries had escalated selling pressure in gold over last few days. China's gold imports from Hong Kong in July fell by 42% from a month earlier, according tothe Hong Kong Census and Statistics Department today, media reports quoted. As per the latest Gold Demand Trends report released by World Gold Council, world gold demand for Q22014 was 964 tonnes, down 16% year on year from 1,148 tonnes, central bank purchases rose28 % year on year, to 118 tonnes from 92 tonnes.
West Texas Intermediate crude capped the first weekly gain in more than a month on speculation an improving U.S. economy will boost fuel demand. Prices rose for a fourth day after touching a seven-month low on Aug. 25. U.S. consumer confidence rose in August, the Thomson Reuters/University of Michigan final sentiment index showed today. The economy expanded more than previously forecast in the second quarter, the Commerce Department said yesterday. Brent gained on escalating tension between Ukraine and Russia.
“Economic numbers continue to point to a slowly improving economic picture, and it means better fuel demand,”.The market kind of overextended itself when it slid to the seven-month low. We do have new concern surrounding the fighting going on in Ukraine.” WTI for October delivery advanced $1.41, or 1.5 percent, to $95.96 a barrel on the New York Mercantile Exchange, the highest closing since Aug. 20. It was up 2.5 percent this week. The volume of all futures traded was about 5.9 percent above the 100-day average. Prices have declined 2.3 percent in August, a second consecutive monthly loss.
WTI Crude Oil Caps First Weekly Gain in Six on Economy.
Aluminum Sets Record Run of Monthly Gains as Supplies Shrink.
Aluminum posted its longest-ever run of monthly advances as faster U.S. expansion added to signs of rising metals demand amid shrinking inventories.The U.S. economy, the world’s largest, grew more than previously forecast in the second quarter, government data showed yesterday. Orders for durable goods jumped in July by the most on record as bookings surged for commercial aircraft, the Commerce Department said Aug. 26. A standard Boeing 747 jumbo jet contains about 75 metric tons of aluminum.
Prices have surged 16 percent this year as stockpiles tracked by the London Metal Exchange fell to a two-year low. Demand has climbed as carmakers including Ford Motor Co. use aluminum to replace heavier steel. U.S. automobile sales are near an eight-year high, according to Ward’s Automotive Group.“This move toward making cars more economic and light is maintaining healthy demand,” Supporting economic news this week is what attracted traders into aluminum. Aluminum for delivery in three months climbed 0.7 percent to settle at $2,096.50 a ton at 5:50 p.m. on the LME, after touching $2,119.50, the highest since February 2013. Prices capped a seventh straight monthly gain, the longest streak since records began in 1987.
Gold Rallies As Ukraine Worries Take Centre Stage Yet Again.

3. E C O N O M I C C A L E N D E R DATE & TIME DESCRIPTION FORECAST PREVIOUS
Sep 01 All Day
Bank Holiday
Sep 02 7:15pm
Final Manufacturing PMI
58.0
58.0
7:30pm
ISM Manufacturing PMI
57.0
57.1
7:30pm
Construction Spending m/m
0.9%
-1.8%
7:30pm
IBD/TIPP Economic Optimism
46.2
44.5
7:30pm
ISM Manufacturing Prices
59.0
59.5
Sep 03 7:30pm
Factory Orders m/m
10.9%
1.1%
All Day
Total Vehicle Sales
16.5M
16.5M
11:30pm
Beige Book
Sep 04 5:00pm
Challenger Job Cuts y/y
24.4%
5:45pm
ADP Non-Farm Employment Change
216K
218K
6:00pm
Trade Balance
-42.5B
-41.5B
6:00pm
Unemployment Claims
298K
298K
6:00pm
Revised Nonfarm Productivity q/q
2.5%
2.5%
6:00pm
Revised Unit Labor Costs q/q
0.6%
0.6%
7:15pm
Final Services PMI
58.5
58.5
7:30pm
ISM Non-Manufacturing PMI
57.3
58.7
8:00pm
Natural Gas Storage
75B
8:30pm
Crude Oil Inventories
-2.1M
10:00pm
FOMC Member Mester Speaks
Sep 05 4:30am
FOMC Member Powell Speaks
5:45am
FOMC Member Fisher Speaks
6:30am
FOMC Member Kocherlakota Speaks
6:00pm
Non-Farm Employment Change
222K
209K
6:00pm
Unemployment Rate
6.1%
6.2%
6:00pm
Average Hourly Earnings m/m
0.2%
0.0%
Sep 06 7:45pm
FOMC Member Plosser Speaks

4. S1 S2 S3 R1 R2 R3
27700 27380 27150 28285 28590 28895
S1 S2 S3 R1 R2 R3
42480 41660 40900 43730 44580 45410
T E C H N I C A L V I E W
MCX GOLD showed sideways
movement in whole week, and traded
around the trendline and near to its
important support of 27700. Now, if it
sustain below 38.2% retracement then
next support is seen in the range of
27380-26980. On other hand if it
traded above the 28300 then it may
lead towards the next resistance level
of 29000.
S T R A T E G Y
Better strategy in MCX GOLD is to sell
below 27700 for the targets of 27000
with stop loss of 28350.
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
continuous bearish movement and
traded in between of downward
channel pattern and also took support
around 61.8% retracement. Now, if this
downward movement remains active
then then next support is seen around
41000. On the other hand if it
maintains above 43000 then next
resistance level is seen around 44000.
S T R A T E G Y
Better strategy in MCX SILVER at this
point of time is to sell below 41400 for
the targets of 40500-39500, with stop
loss of 43500.

5. C R U D E O I L
C O P P E R
S1 S2 S3 R1 R2 R3
5750 5640 5500 5895 5980 6065
S1 S2 S3 R1 R2 R3
424.30 418.90 412.35 433.80 439.60 444.80
T E C H N I C A L V I E W
MCX Copper last week showed bearish
movement and took support of
trendline and also closed below 38.2%
retracement i.e. 430. Now if it sustains
below 427 then it may drag towards
strong support level at around 424. On
other hand if it maintains above 432-
433 then immidiate resistance is seen
in the range of 440-445.
S T R A T E G Y
Better strategy in MCX CRUDEOIL is to buy
on dips for the target of 5950-6000, with
stop loss of 5630.
PIVOT TABLE
T E C H N I C A L V I E W
MCX Crude oil last week showed
correction on higher side and bounce
back from its important support level
of 5640. Now, If this correction
continues then important resistance is
seen around 5935 above which trend
reversal may seen. On other hand if
downward movement continues then
next support is seen around 5750
below it 5640 is major support level.
S T R A T E G Y
Better strategy in MCX COPPER is to sell
below 424, with stop loss of 435 for the
target of 415.
PIVOT TABLE

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