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WEEKLY COMMODITY REPORT
19TH SEPT TO 23RD SEPT 2016
BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(OCT) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 30668
S2 30523
PP 30937
R1 31082
R2 31351
TRADING STRATEGY:
MCX Gold OCT contract, showed downside movement in this week due to possibility of interest
rate hike in sept buy U.S. Federal reserve. In Comex, gold closed below $1320 and we expect
gold price in comex will go down to $1300-$1280 in the near term. Major support at $1300-$1280
and strong resistance at $1350.
For the next week,Gold OCT contract has support of 30790 levels. And strong support in range of
30670 to 30560 levels.
Resistances are in the range of 30935 to 31020 levels. Above 31180 the next resistance is at
31300 and 31500 levels.
WEEKLY RECOMENDATIONS:-
SELL GOLD OCT BELOW 30800 TG 30650/ 30500 SL ABOVE 31010
BUY GOLD OCT ABOVE 31020 TG 31180/31300 SL BELOW 30850
WEEKLY COMMODITY REPORT
22nd JUNE TO 27th JUNE 2015
BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (DEC) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 44850
S2 44425
PP 45475
R1 45900
R2 46523
TRADING STRATEGY
MCX Silver DEC Contract, showed downside movement this week due to possibility of interest
rate hike in sept buy U.S. Federal reserve .In Comex silver has a resistance of $19 and strong
support at $18.50. In MCX Silver has a support around 44800 and resistance around 46000
levels.
For the coming week, we expect Silver DEC contract go down to 44800-44200 levels. Resistance
are expected at 45740 to 45900 levels. Support at 45050 levels the next support is at 44800-
44300.
WEEKLY RECOMENDATIONS:-
SELL SILVER DEC BELOW 45050 TG 44800/ 44500 SL ABOVE 45430
BUY SILVER SEPT ABOVE 45530 TG 45700/46000 SL BELOW 45200
TRADING STRATEGY:
MCX Crude Oil SEPT contract showed a downside movement in this week due to sell-off in U.S.
equity market and positive dollar index which drag crude oil prices towards downward. In NYMEX
Crude Oil has resistance of $44.30 and strong support of $42.Oil rig count has up up this week by
2 to 416 from 414 showed by Baker Hughes report .
Crude Oil SEPT contract having support at 2850 levels Below it at 2820 levels & strong supports at
2700 & 2630 levels.
Resistances are at 2925-2967 levels & above it at 3005 to 3070 levels & strong resistance at 3110
& 3200levels.
WEEKLY RECOMENDATIONS:-
BUY CRUDE OIL SEPT ABOVE 2925 TGT 3000/3050 SL BELOW 2850
SELL CRUDE OIL SEPT BELOW 2850 TGT 2810/2750 SL ABOVE 2905
WEEKLY COMMODITY REPORT
05-09-JAN-2015
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (SEPT) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 2802
S2 2719
PP 2956
R1 3039
R2 3193
COPPER (NOV) MCX WEEKLY CHART
BASE METALS WEEKLY TECHNICAL LEVELS
WEEKLY PIVOTAL
S1 314.7
S2 305.3
PP 319.75
R1 329.1
R2 334.2
TRADING STRATEGY:
MCX COPPER NOV contract showed upside movement this week,able to close above previous
week high, we saw copper price recover from support levels around 310.There is a support level
around 317 and resistance around 326 levels.
For the next week, Copper NOV contract supports are at 321.70 levels. Below it, at 317-314.40
levels & strong support at 310 levels.
Strong Resistance are at 324.50-326 level. Above it at 330-341 levels.
WEEKLY RECOMENDATIONS:-
SELL COPPER NOV BELOW 321.50 TG 317.50/314 SL ABOVE 325
BUY COPPER NOV AROUND 326.50 TG 330.50/335 SL BELOW 321.70
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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
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Weekly commodity 19 th sept 2016 to 23rd sept 2016

  • 1. WEEKLY COMMODITY REPORT 19TH SEPT TO 23RD SEPT 2016
  • 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(OCT) MCX WEEKLY CHART WEEKLY PIVOTAL S1 30668 S2 30523 PP 30937 R1 31082 R2 31351 TRADING STRATEGY: MCX Gold OCT contract, showed downside movement in this week due to possibility of interest rate hike in sept buy U.S. Federal reserve. In Comex, gold closed below $1320 and we expect gold price in comex will go down to $1300-$1280 in the near term. Major support at $1300-$1280 and strong resistance at $1350. For the next week,Gold OCT contract has support of 30790 levels. And strong support in range of 30670 to 30560 levels. Resistances are in the range of 30935 to 31020 levels. Above 31180 the next resistance is at 31300 and 31500 levels. WEEKLY RECOMENDATIONS:- SELL GOLD OCT BELOW 30800 TG 30650/ 30500 SL ABOVE 31010 BUY GOLD OCT ABOVE 31020 TG 31180/31300 SL BELOW 30850 WEEKLY COMMODITY REPORT 22nd JUNE TO 27th JUNE 2015
  • 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (DEC) MCX WEEKLY CHART WEEKLY PIVOTAL S1 44850 S2 44425 PP 45475 R1 45900 R2 46523 TRADING STRATEGY MCX Silver DEC Contract, showed downside movement this week due to possibility of interest rate hike in sept buy U.S. Federal reserve .In Comex silver has a resistance of $19 and strong support at $18.50. In MCX Silver has a support around 44800 and resistance around 46000 levels. For the coming week, we expect Silver DEC contract go down to 44800-44200 levels. Resistance are expected at 45740 to 45900 levels. Support at 45050 levels the next support is at 44800- 44300. WEEKLY RECOMENDATIONS:- SELL SILVER DEC BELOW 45050 TG 44800/ 44500 SL ABOVE 45430 BUY SILVER SEPT ABOVE 45530 TG 45700/46000 SL BELOW 45200
  • 4. TRADING STRATEGY: MCX Crude Oil SEPT contract showed a downside movement in this week due to sell-off in U.S. equity market and positive dollar index which drag crude oil prices towards downward. In NYMEX Crude Oil has resistance of $44.30 and strong support of $42.Oil rig count has up up this week by 2 to 416 from 414 showed by Baker Hughes report . Crude Oil SEPT contract having support at 2850 levels Below it at 2820 levels & strong supports at 2700 & 2630 levels. Resistances are at 2925-2967 levels & above it at 3005 to 3070 levels & strong resistance at 3110 & 3200levels. WEEKLY RECOMENDATIONS:- BUY CRUDE OIL SEPT ABOVE 2925 TGT 3000/3050 SL BELOW 2850 SELL CRUDE OIL SEPT BELOW 2850 TGT 2810/2750 SL ABOVE 2905 WEEKLY COMMODITY REPORT 05-09-JAN-2015 ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (SEPT) MCX WEEKLY CHART WEEKLY PIVOTAL S1 2802 S2 2719 PP 2956 R1 3039 R2 3193
  • 5. COPPER (NOV) MCX WEEKLY CHART BASE METALS WEEKLY TECHNICAL LEVELS WEEKLY PIVOTAL S1 314.7 S2 305.3 PP 319.75 R1 329.1 R2 334.2 TRADING STRATEGY: MCX COPPER NOV contract showed upside movement this week,able to close above previous week high, we saw copper price recover from support levels around 310.There is a support level around 317 and resistance around 326 levels. For the next week, Copper NOV contract supports are at 321.70 levels. Below it, at 317-314.40 levels & strong support at 310 levels. Strong Resistance are at 324.50-326 level. Above it at 330-341 levels. WEEKLY RECOMENDATIONS:- SELL COPPER NOV BELOW 321.50 TG 317.50/314 SL ABOVE 325 BUY COPPER NOV AROUND 326.50 TG 330.50/335 SL BELOW 321.70
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