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WEEKLY COMMODITY REPORT
18TH JAN TO 22ND JAN 2016
BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(FEB) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 25522
S2 25200
PP 25740
R1 26190
R2 26622
TRADING STRATEGY:
MCX Gold FEB contract,able to breach its previous week's high & traded in positive territory
,made weekly high of 26215.Gold closed downside this week around $1088. Minor Support is at
the bottom of $1071. The overall technical picture remains bearish but due to USDINR depreciate
to 67.64 levels. We expect gold might be touch to the level of $1130.There is support at $1044
and $1030/$1000. Below this level we see more pressure in gold below on closing basis.
For the next week we expect Gold FEB contract prices to move upward to 26300-26400.
Again,support in range of 25970 to 25740 levels. Below 25500 levels, the next support is at
25200-24800 & strong support at 24475 & 24300 levels.
Resistances are in the range of 26200 to 26310 levels. Above 26500 the next resistance is at
26700 levels & strong resistance are at 27050 levels.
WEEKLY RECOMENDATIONS:-
SELL GOLD FEBRUARY BELOW 25740 TG 25500 / 25300 SL ABOVE 26000
BUY GOLD FEBRUARY ABOVE 26200 TG 26400 /26500 SL BELOW 25970 WEEKLY COMMODITY REPORT
22nd JUNE TO 27th JUNE 2015
BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (MARCH) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 33115
S2 32800
PP 34250
R1 34589
R2 35400
TRADING STRATEGY
MCX Silver MARCH Contract, not able to breach its previous week's high and but traded in
positive territory closed at 34054 level. Overall trend of silver is in downtrend but the crucial
support level of silver at $13.65 and resistance level at $14.50.Silver prices not go so much high
as compared to gold due to downside pressure in copper prices.
For the coming week, we expect Silver MARCH contract to find support near 33550 to 33300
levels. Below 33000, strong support is at 32900 levels & below it at 32500 levels.
Resistances are expected at 34500 to 34600 levels. Above 35000 levels the next resistance is at
35400 & 35850 levels.
WEEKLY RECOMENDATIONS:-
SELL SILVER MARCH BELOW 34000 TG 33500/ 33000 SL ABOVE 34500
BUY SILVER MARCH ABOVE 34650 TG 35000/35300 SL BELOW 34170
TRADING STRATEGY:
MCX Crude Oil JAN contract shown a downside movement on last few session under the influence
of positive inventory of crude and also increase on gasoline,distillate which drag crude oil prices of
weekly low of 1987.Crude oil fell more than 5% on Friday slipping below $29 a barrel, as investors
braced for Iran's return to global energy markets ahead of the release of a report that could pave
the way for a group of Western powers to ease longstanding economic sanctions against the
Persian Gulf state.
Crude Oil JAN contract having support at 1980 to 1908 levels below it at 1850 levels & strong
supports at 1800 & 1700 levels.
Resistances are at 2080-2130 levels & above it at 2160 to 2208 levels & strong resistance at 2300
& 2413 levels.
WEEKLY RECOMENDATIONS:-
SELL CRUDE OIL JANUARY AROUND 2080 TG 1990/ 1930 SL ABOVE 2140
BUY CRUDE OIL JANUARY ABOVE 2180 TG 2220/ 2300 SL BELOW 2100
WEEKLY COMMODITY REPORT
05-09-JAN-2015
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (JAN) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 2020
S2 1908
PP 2080
R1 2160
R2 2208
COPPER (FEB) MCX WEEKLY CHART
BASE METALS WEEKLY TECHNICAL LEVELS
WEEKLY PIVOTAL
S1 290
S2 280
PP 300
R1 308
R2 313.5
TRADING STRATEGY:
MCX COPPER FEB contract shown downside movement this week due to sanghai market
continue in downside movement. There is a support level around 280 which is likely to touch.
Overall Copper long term trend is on downside in coming trading sessions. The trend of downside
going to change if any further stimulus given by china.
For the next week, Copper feb contract supports are at 290-280 levels. Below it, at 262 levels &
strong support at 250 levels.
Resistance are at 300-308 level. Above it at 313.50-316 levels & Strong resistance is at 321-325
levels.
WEEKLY RECOMENDATIONS:-
SELL COPPER FEB AROUND 299-300 TG 290/ 280 SL ABOVE 308
BUY COPPER FEB ABOVE 310 TG 316/320 SL BELOW 302
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
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Investment in equity & bullion market has its own risks.
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Epic research weekly commodity report_18_january_2016

  • 1. WEEKLY COMMODITY REPORT 18TH JAN TO 22ND JAN 2016
  • 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(FEB) MCX WEEKLY CHART WEEKLY PIVOTAL S1 25522 S2 25200 PP 25740 R1 26190 R2 26622 TRADING STRATEGY: MCX Gold FEB contract,able to breach its previous week's high & traded in positive territory ,made weekly high of 26215.Gold closed downside this week around $1088. Minor Support is at the bottom of $1071. The overall technical picture remains bearish but due to USDINR depreciate to 67.64 levels. We expect gold might be touch to the level of $1130.There is support at $1044 and $1030/$1000. Below this level we see more pressure in gold below on closing basis. For the next week we expect Gold FEB contract prices to move upward to 26300-26400. Again,support in range of 25970 to 25740 levels. Below 25500 levels, the next support is at 25200-24800 & strong support at 24475 & 24300 levels. Resistances are in the range of 26200 to 26310 levels. Above 26500 the next resistance is at 26700 levels & strong resistance are at 27050 levels. WEEKLY RECOMENDATIONS:- SELL GOLD FEBRUARY BELOW 25740 TG 25500 / 25300 SL ABOVE 26000 BUY GOLD FEBRUARY ABOVE 26200 TG 26400 /26500 SL BELOW 25970 WEEKLY COMMODITY REPORT 22nd JUNE TO 27th JUNE 2015
  • 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (MARCH) MCX WEEKLY CHART WEEKLY PIVOTAL S1 33115 S2 32800 PP 34250 R1 34589 R2 35400 TRADING STRATEGY MCX Silver MARCH Contract, not able to breach its previous week's high and but traded in positive territory closed at 34054 level. Overall trend of silver is in downtrend but the crucial support level of silver at $13.65 and resistance level at $14.50.Silver prices not go so much high as compared to gold due to downside pressure in copper prices. For the coming week, we expect Silver MARCH contract to find support near 33550 to 33300 levels. Below 33000, strong support is at 32900 levels & below it at 32500 levels. Resistances are expected at 34500 to 34600 levels. Above 35000 levels the next resistance is at 35400 & 35850 levels. WEEKLY RECOMENDATIONS:- SELL SILVER MARCH BELOW 34000 TG 33500/ 33000 SL ABOVE 34500 BUY SILVER MARCH ABOVE 34650 TG 35000/35300 SL BELOW 34170
  • 4. TRADING STRATEGY: MCX Crude Oil JAN contract shown a downside movement on last few session under the influence of positive inventory of crude and also increase on gasoline,distillate which drag crude oil prices of weekly low of 1987.Crude oil fell more than 5% on Friday slipping below $29 a barrel, as investors braced for Iran's return to global energy markets ahead of the release of a report that could pave the way for a group of Western powers to ease longstanding economic sanctions against the Persian Gulf state. Crude Oil JAN contract having support at 1980 to 1908 levels below it at 1850 levels & strong supports at 1800 & 1700 levels. Resistances are at 2080-2130 levels & above it at 2160 to 2208 levels & strong resistance at 2300 & 2413 levels. WEEKLY RECOMENDATIONS:- SELL CRUDE OIL JANUARY AROUND 2080 TG 1990/ 1930 SL ABOVE 2140 BUY CRUDE OIL JANUARY ABOVE 2180 TG 2220/ 2300 SL BELOW 2100 WEEKLY COMMODITY REPORT 05-09-JAN-2015 ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (JAN) MCX WEEKLY CHART WEEKLY PIVOTAL S1 2020 S2 1908 PP 2080 R1 2160 R2 2208
  • 5. COPPER (FEB) MCX WEEKLY CHART BASE METALS WEEKLY TECHNICAL LEVELS WEEKLY PIVOTAL S1 290 S2 280 PP 300 R1 308 R2 313.5 TRADING STRATEGY: MCX COPPER FEB contract shown downside movement this week due to sanghai market continue in downside movement. There is a support level around 280 which is likely to touch. Overall Copper long term trend is on downside in coming trading sessions. The trend of downside going to change if any further stimulus given by china. For the next week, Copper feb contract supports are at 290-280 levels. Below it, at 262 levels & strong support at 250 levels. Resistance are at 300-308 level. Above it at 313.50-316 levels & Strong resistance is at 321-325 levels. WEEKLY RECOMENDATIONS:- SELL COPPER FEB AROUND 299-300 TG 290/ 280 SL ABOVE 308 BUY COPPER FEB ABOVE 310 TG 316/320 SL BELOW 302
  • 6. 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. DISCLAIMER