1. 29 JULY – 03 AUG 2013
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
The trend in gold futures for August delivery on India's Multi Commodity Exchange
(MCX) looks sideways to bearish for the day and intra-day traders are advised to take
short position. On Comex, gold prices are seen trading negative. MCX Gold futures for
August delivery was seen trading down by 0.07% at Rs. 27386 per 10 grams as of
05.25 PM on Friday.
A decline in US Dollar, rise in jobless claims were seen supporting gold prices in the
global market to certain extent. The yellow metal may close on a positive note on
Friday. Holdings at SPDR Gold Trust, declined 0.3 percent to 927.36 tons on Thursday,
the lowest in four years.
At Shanghai Gold Exchange, physical gold deliveries have grossed 1,198.4 tons so far
this year. The exchange delivered 1,140 tons in 2012, as per exchange data.Gold
demand in China may touch a record 1,000 tons this year, according to the data
released by the World Gold Council on Thursday.Gold futures for August delivery on
Globex platform of Comex was seen trading down by 0.37% at $1323.55 per troy
ounce as of 05.42 PM IST on Friday.
Global supply of crude oil is constantly rising year on year. From around 84.34 million
barrels per day in 2009, global oil supply is expected to average around 89.88 by the
end of 2013, rising by almost 73,000 bpd compared to 2012. Crude oil supply rose by
2.1% in the year 2012 as compared to 2011. The sharp increase in production
numbers was mainly achieved by the US which was the main contributor as the
domestic production in the nation reached record highs. Continued production
growth from US tight oil formations and Canadian oil sands have helped the US to
reduce its reliance on oil imports. The US is also expected to cut down on imports of
crude oil to virtually zero if the pace of shale oil and gas production growth keeps
rising and the demand for crude oil continues to slide further in the nation.
On the other hand, global demand is not pretty good. The US, which used to be the
top consumer of crude oil, has cut down its oil imports significantly in the recent past.
The enduring economic worries in Europe and China’s slowing economic conditions
are taking a toll on the demand for crude oil. The pace of China’s oil demand growth
appears to be slowing as its economy is struggling with slower growth across sectors.
Crude Oil prices
set to collapse
despite recent
rally.
MCX Copper
negative, traders
may short near
415; Comex
Copper negative.
The trend in copper futures for August delivery on India's Multi Commodity Exchange
(MCX) is negative and traders are advised to take short position for the day. Copper
futures on Globex platform of Comex is also seen trading negative on Friday.
Copper prices in the global market continued their negative trend on weak global
fundamentals. As of now, major economic/manufacturing data releases from around
the globe were shown mixed trend and have failed to lift the base metal prices.
Copper futures for September delivery on Globex platform of Comex was seen trading
down by 0.88% at $3.158 per pound as of 02.26 PM IST on Friday.
China the world's largest copper consumer has ordered more than 1,400 companies
including aluminium and copper, to cut their output capacity this year, as per media
reports. In China, 0rders to remove copper from LME accredited warehouses, declined
to 316,625 tons on Thursday the lowest since June 21. The orders to remove the base
metal from the LME warehouses in Asia declined to 194,925 tons, the lowest since
June 24.The consumer price index for Japan in June 2013 was 99.8, the same level as
the previous month, and up 0.2% over the year, as per government data.
MCX Gold
sideways to
bearish; Comex
Gold negative.

3. E C O N O M I C C A L E N D E R
DATE & TIME DESCRIPTION FORECAST PREVIOUS
Jul 29, 7:30pm Pending Home Sales m/m -1.1% 6.7%
Jul 30, 6:30pm S&P/CS Composite-20 HPI y/y 12.4% 12.1%
7:30pm CB Consumer Confidence 81.1 81.4
Jul 31, 5:45pm ADP Non-Farm Employment Change 179K 188K
6:00pm Advance GDP q/q 1.1% 1.8%
6:00pm Advance GDP Price Index q/q 1.1% 1.2%
6:00pm Employment Cost Index q/q 0.4% 0.3%
7:15pm Chicago PMI 53.7 51.6
8:00pm Crude Oil Inventories 1.1% 3.7%
11:30pm FOMC Statement -2.8M
11:30pm Federal Funds Rate
Aug 01, 5:00pm Challenger Job Cuts y/y <0.25% <0.25%
6:00pm Unemployment Claims 4.8%
6:30pm Final Manufacturing PMI 346K 343K
7:30pm ISM Manufacturing PMI 53.1 53.2
7:30pm Construction Spending m/m 52.1 50.9
7:30pm ISM Manufacturing Prices 0.4% 0.5%
8:00pm Natural Gas Storage 53.0 52.5
All Day Total Vehicle Sales 41B
Aug 02, 6:00pm Non-Farm Employment Change 15.8M 16.0M
6:00pm Unemployment Rate 180K 195K
6:00pm Average Hourly Earnings m/m 7.5% 7.6%
6:00pm Core PCE Price Index m/m 0.2% 0.4%
6:00pm Personal Spending m/m 0.1% 0.1%
6:00pm Personal Income m/m 0.5% 0.3%
7:30pm Factory Orders m/m 0.5% 0.5%
9:45pm FOMC Member Bullard Speaks 2.3% 2.1%

4. S1 S2 S3 R1 R2 R3
26925 26410 25820 27720 28300 28800
S1 S2 S3 R1 R2 R3
40440 39500 38500 41550 42450 43400
T E C H N I C A L V I E W
MCX GOLD showed bullish movements
and took resistance of upper band of
channel pattern. Now, 27850 will act as
strong resistance for it above this it
may test next resistance of 28300. On
lower side if breakout of channel
pattern happens below 27000 then it
may drag towards next support level of
26250.
S T R A T E G Y
Better strategy in MCX GOLD is to buy
above 27850 for the target of 28250-
28500 with stop loss of 27150.
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 weekly charts made
higher highs but unable to sustain on
higher levels and retrace towards its
support. Now, 40400 is immediate
support below this 39900 is seen as vital
support for it. If it able to give closing
below this then it will be in weak zone
and may drag towards 38500. On higher
side 42500 is act as resistance above
which 44000 is next resistance for it.
S T R A T E G Y
Better strategy in MCX SILVER at this
point of time is to sell below 40400 for
targets of 39500-39000, with stop loss of
41600.

5. C R U D E O I L
C O P P E R
S1 S2 S3 R1 R2 R3
6155 5940 5710 6325 6535 6700
S1 S2 S3 R1 R2 R3
404.35 392.40 379.25 413.40 423.35 432.50
T E C H N I C A L V I E W
MCX Copper last week broke trendline
on daily charts and closed below it,
showed weakness in it. Now, if it
maintain below 404 then confirmation
of trendline breakout may drag it
towards next support level of 395.
Closing above 412 may take it towards
upper trend line on daily charts i.e.
around 420 above this 427 is
important resistance for it.
S T R A T E G Y
Better strategy in MCX CRUDEOIL is to sell
below 6150 for the targets of 6050-6000
with stop loss of 6310.
PIVOT TABLE
T E C H N I C A L V I E W
Crude oil last week showed some
correction and find support around
38.2% retracement. Now, if it able to
break 6150 then it may drag towards
50% retracement i.e. 6050. On other
hand some strength may take it
towards 23.6% retracement i.e. 6300
closing above which may lead it
towards next resistance of 6500.
S T R A T E G Y
Better strategy in MCX COPPER will be sell
below 405, with stop loss of 416 for the
targets of 394.
PIVOT TABLE

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