The weekly commodity report summarizes trends in gold, silver, crude oil, and copper for the period from October 24th to 28th 2016. It provides technical analysis including support and resistance levels. For gold, downside movement is expected in the coming month with support at 28500-28700 levels. Silver is expected to trade down to 40800-40500 levels. Crude oil showed upside movement due to inventory shortages and may rise to 3550/3620 with support at 3370. Copper is expected to fall to 306-308 with support at 306.

1. WEEKLY COMMODITY REPORT
24TH OCT TO 28TH OCT 2016

2. BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(DEC) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 29676
S2 29407
PP 29870
R1 30139
R2 30333
TRADING STRATEGY:
MCX Gold DEC contract, showed upside movement this week due to selling pressure in equity
market. In Comex, gold again trading this week below $1280, next resistance at $1300. Major
support at $1240-$1200 and strong resistance at $1300.we see gold price will go down to 28500-
28700 in coming month.
For the next week,Gold DEC contract has support of 29300 levels. And strong support in range of
28900 to 28500 levels.
Resistances are in the range of 30050 to 30300 levels. Above 30600 the next resistance is at
31000 and 31300 levels.
WEEKLY RECOMENDATIONS:-
SELL GOLD DEC BELOW 29800 TG 29600/ 29400 SL ABOVE 30005
BUY GOLD DEC ABOVE 30100 TG 30300/30500 SL BELOW 29930
WEEKLY COMMODITY REPORT
22nd JUNE TO 27th JUNE 2015

3. BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (DEC) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 41564
S2 41170
PP 42020
R1 42414
R2 42870
TRADING STRATEGY
MCX Silver DEC Contract, showed range-bound movement in this week due to selling pressure
in copper.In Comex silver has a resistance of $18 and strong support at $16.70. In MCX Silver
has a support around 40800 and resistance around 42500 levels.
For the coming week, we expect Silver DEC contract go down to 40800-40500 levels. Resistance
are expected at 41960 to 42300 levels.
WEEKLY RECOMENDATIONS:-
SELL SILVER DEC BELOW 41600 TG 41200/ 40900 SL ABOVE 42020
BUY SILVER DEC ABOVE 42500 TG 42900/43300 SL BELOW 42100

4. TRADING STRATEGY:
MCX Crude Oil NOV contract showed a upside movement this week due to shortage of inventory
reported by EIA. In NYMEX Crude Oil has resistance of $51 and strong support of $49.Oil rig count
has up up this week by 11 to 443 from 432 showed by Baker Hughes report .
Crude Oil NOV contract having support at 3370 levels Below it at 3320 levels & strong supports at
3290 & 3230 levels.
Resistances are at 3420 levels & above it at 3450 to 3500 levels & strong resistance at 3580
levels.
WEEKLY RECOMENDATIONS:-
BUY CRUDE OIL NOV ABOVE 3450 TGT 3550/3620 SL BELOW 3370
SELL CRUDE OIL OCT BELOW 3350 TGT 3300/3240 SL ABOVE 3420
WEEKLY COMMODITY REPORT
05-09-JAN-2015
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (NOV) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 3317
S2 3233
PP 3391
R1 3475
R2 3549

5. COPPER (NOV) MCX WEEKLY CHART
BASE METALS WEEKLY TECHNICAL LEVELS
WEEKLY PIVOTAL
S1 308.7
S2 306.45
PP 312.15
R1 314.4
R2 317.85
TRADING STRATEGY:
MCX COPPER NOV contract showed downside movement this week,due to weak china data, we
see copper prices will go down to 306-33 in coming week.There is a small support level around
309 and resistance around 314.50 levels.
For the next week, Copper NOV contract supports are at 306 levels. Below it, at 305-300 levels &
strong support at 295 levels.
Strong Resistance are at 315-318 level. Above it at 322-328 levels.
WEEKLY RECOMENDATIONS:-
SELL COPPER NOV BELOW 309 TG 304.50/300 SL ABOVE 314.50
BUY COPPER NOV ABOVE 320 TG 326/332 SL BELOW 314

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