The weekly commodity report from May 4th to May 8th, 2015, provides technical levels and trading strategies for gold, silver, crude oil, and copper contracts. Gold is expected to find support around 26500, while silver may remain volatile with support near 36500. Crude oil shows bullish sentiment with resistance at 3810, and copper remains strong influenced by Chinese economic stimulus, with support around 410.

1. WEEKLY COMMODITY REPORT
04TH MAY TO 08TH MAY 2015

2. BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(JUNE) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 26324
S2 26013
PP 26802
R1 27113
R2 27591
TRADING STRATEGY:
MCX Gold JUNE contract during this week as expected not able to breach the resistance of 27250
to 27300 levels & corrected sharply to 26490 level. It had made a fresh low of 26490 level. Gold
June contract, had got pressure of U.S. Employment which came positive indicated for Increase
in Interest rate from U.S.
For the next week we expect Gold June contract prices to find support in range of 26500 levels.
Below 26500 levels, the next support is at 26100 & strong support at 25850 levels.
Resistances are in the range of 26850 to 26900 levels. Above 27000 the next resistance is at
27050 to 27120 levels & strong resistance are at 27300 to 27400 levels.
WEEKLY RECOMENDATIONS:-
SELL GOLD (JUNE) BELOW 26500 TG 26100 / 25850 SL ABOVE 27050
BUY GOLD (JUNE) ABOVE 26850 T0 26800 TG 27250 / 27500 SL BELOW 26300
WEEKLY COMMODITY REPORT
04TH MAY TO 08TH MAY 2015

3. BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (JULY) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 36388
S2 35557
PP 37389
R1 38220
R2 39221
WEEKLY COMMODITY REPORT
04TH MAY TO 08TH MAY 2015
TRADING STRATEGY
MCX Silver July Contract, as seen in the weekly chart taking resistance of trend line. Also, Silver
is getting impact of both Gold & Copper which are moving in a opposite trend. Due to this, Silver
May contract is expected to remain volatile.
For the coming week, we expect Silver July contract to find support near 36500 to 36350 levels.
Below 36350, strong support is at 36100 & 36000 levels & below it at 35750 levels.
Resistances are expected at 37750 to 37800 levels. Above 37800 levels the next resistance is at
38200 to 38250 and 38500 levels.
WEEKLY RECOMENDATIONS:-
SELL SILVER (JULY) BELOW 36500 TO 36600 TG 35750/ 35100 SL ABOVE 37450
BUY SILVER (JULY) ABOVE 37500 TO 37450 TG 38500/ 39000 SL BELOW 36600

4. TRADING STRATEGY:
MCX Crude oil May contract has shown a good bounce-off from lower support of 3590 levels .
Overall the market sentiment had gained momentum both technically & fundamentally. Crude oil
May contract as expected during this week price breached the resistance zone of 3720-3725 levels
and recovered to 3800 levels.
Crude Oil May contract having support at 3720 to 3700 levels below it at 3660 to 3650 levels &
strong supports at 3600 & 3570 levels.
Resistances are at 3810 levels & above it at 3875 levels & strong resistance at 3930 & 4025 levels.
WEEKLY RECOMENDATIONS:-
SELL CRUDE OIL (MAY) BELOW 3700 TG 3600 / 3570 SL ABOVE 3780
BUY CRUDE OIL (MAY) ABOVE 3780 TO 3770 TG 3870/ 3920 SL BELOW 3690
WEEKLY COMMODITY REPORT
05-09-JAN-2015
WEEKLY COMMODITY REPORT
04TH MAY TO 08TH MAY 2015
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (MAY) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 3627
S2 3500
PP 3717
R1 3844
R2 3934

5. COPPER (JUNE) MCX WEEKLY CHART
BASE METALS WEEKLY TECHNICAL LEVELS
WEEKLY PIVOTAL
S1 394
S2 372
PP `405
R1 428
R2 439
TRADING STRATEGY:
MCX COPPER June contract remain bullish in the week under the influence of fundamental
factors around the world especially China where the HSBC reading came less than 12 years
data, & so the Chinese Govt. decided to further give stimulus package for boosting the economy.
Now, Copper April contract is looking strong on weekly chart & expected to move upward further
to 398 to 402 levels.
For the next week, Copper June contract supports are at 411to 410 levels. Below 410, at 407-405
levels & strong support at 401 levels.
Resistance are at 421 to 424 levels. Above it at 428 - 430 levels & Strong resistance is at 437 &
439 levels.
WEEKLY RECOMENDATIONS:-
SELL COPPER JUNE BELOW 410 TG 402 / 397 SL ABOVE 418
BUY COPPER JUNE ABOVE 413 TG 425 / 430 SL BELOW 403

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