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WEEKLY COMMODITY REPORT
16-JUNE TO 20-JUNE-2014
BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(AUG) MCX 4 HOURLY CHART
TRADING STRATEGY:
Despite the strong rally in the August MCX Gold market since June 3, trading the long side could get
a little tricky today since the market has reached its first objective. In addition, today is the eighth day
up from the bottom, putting the market in the window of time for a closing price reversal top.
During this week prices rose sharply towards the new contract high of 26660 levels and finally closed
+3.08% higher at 25863 levels. As per the candlestick pattern prices has formed “ Bullish Marubozu
candlestick pattern” which is the sign of Bullish market.
For the next week we expect gold prices to find support in the range of 25,700 – 25,600 levels.
Trading consistently below 25950 levels would lead towards the strong support at 25,000 levels and
then finally towards the major support at 24,500 levels.
Resistance is now observed in the range of 27,000 – 26,100 levels. Trading consistently above 26,500
levels would lead towards the strong resistance at 27100 levels, and then finally towards the major
resistance at 27,600 levels.
BUY GOLD (AUG) ABOVE 26800 TGTS 27000/27250 SL BELOW 26600
SELL GOLD (AUG) BELOW 26550 TGTS 226350/26100 SL ABOVE 26750
DAILY PIVOTAL
S1 26490
S2 26340
CLOSE 26627
R1 26750
R2 26850
WEEKLY COMMODITY REPORT
16-JUNE TO 20-JUNE-2014
BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (JUL) MCX 4 HOURLY CHART
DAILY PIVOTAL
S1 41500
S2 41230
CLOSE 41875
R1 42200
R2 42450
TRADING STRATEGY
MCX Silver rose during the course of the session on Friday, breaking above the level 41500. With the
Bullish Marubozu candlestick that we saw during the day, we believe that this market will continue to
go higher, probably aiming for the 42700 handle. With that, we think that a potential breakout could be
coming, but we don’t get overly bullish until we get above the 42000 level on a daily close, which
would show the momentum for the buyers picking up
As expected during this week prices could able sustain on higher levels and in end of the week prices
rose towards the new contract high of 41900 levels and finally closed +4.75 % higher at 39997 levels.
In the week prices have made the new contract high of 41900 levels and formed “Bullish candlestick
pattern” which is the indication of bullish trend.
For the next week we expect silver prices to find resistance in the range of 42700 – 43000 levels.
Trading consistently below 41400 levels would lead towards the strong support at 39500 levels.
Resistance is now observed in the range of 42,700 – 43,000 levels.
BUY SILVER (JUL) ABOVE 42000 TGTS 42350/42650 SL 41700
SELL SILVER (JUL) BELOW 41600 TGTS 41300/41000 SL 41900
WEEKLY COMMODITY REPORT
16-JUNE TO 20-JUNE-2014
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (JUN) MCX 4 HOURLY CHART
TRADING STRATEGY:
As you can see broke much higher during the course of the session on , breaking above the 6230
level, and above the top of the Bullish candlestick pattern that we had formed of the previous two
sessions. With this being the case, we feel that the market is ready to go much higher, and as this
market has freed itself from massive resistance, we feel that the market goes much higher given
enough time.
BUY CRUDEOIL (JUN) ABOVE 6420 TGT 6500/6620 SL BELOW 6325
SELL CRUDEOIL (JUN) BELOW 6300 TGT 6220/6150 SL ABOVE 6380
DAILY PIVOTAL
S1 6320
S2 6355
CLOSE 6399
R1 6440
R2 6480
WEEKLY COMMODITY REPORT
16-JUNE TO 20-JUNE-2014
WEEKLY COMMODITY REPORT
16-JUNE TO 20-JUNE-2014
BASE METALS WEEKLY TECHNICAL LEVELS
NICKEL (JUN) MCX 4 HOURLY CHART
TRADING STRATEGY:
There is no major movement in Nickel and closed -2.76% at 1080.40on Friday. From starting the
week nickel price down its lowest since mid-May as investors closed positions following a price
gain of almost 40 percent for the year so far. Still, the long-term bull trend in nickel remained
intact. According to INSG, the surplus in global nickel market dropped significantly during the
month of March this year. The global nickel market surplus totaled 3,600 tons in March this year.
This is 52.6% down when compared with the surplus data during March last year.
For the next week we expect Nickel prices to find support in the range of 1030 - 1000 levels while
Resistance is now observed in the range of 1170- 1185 levels.
BUY NICKEL (JUN) ABOVE 1100 TGT 1125/1150 SL 1075
SELL NICKEL (JUN) BELOW 1070 TGT 1045/ 1020s SL 1095
DAILY PIVOTAL
S1 1073
S2 1065
CLOSE 1080.4
R1 1090
R2 1096
WEEKLY COMMODITY REPORT
16-JUNE TO 20-JUNE-2014
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
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or indirectly by them. If found so then Serious Legal Actions can be taken.
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Weekly commodity report 16 june-2014 by epic research

  • 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(AUG) MCX 4 HOURLY CHART TRADING STRATEGY: Despite the strong rally in the August MCX Gold market since June 3, trading the long side could get a little tricky today since the market has reached its first objective. In addition, today is the eighth day up from the bottom, putting the market in the window of time for a closing price reversal top. During this week prices rose sharply towards the new contract high of 26660 levels and finally closed +3.08% higher at 25863 levels. As per the candlestick pattern prices has formed “ Bullish Marubozu candlestick pattern” which is the sign of Bullish market. For the next week we expect gold prices to find support in the range of 25,700 – 25,600 levels. Trading consistently below 25950 levels would lead towards the strong support at 25,000 levels and then finally towards the major support at 24,500 levels. Resistance is now observed in the range of 27,000 – 26,100 levels. Trading consistently above 26,500 levels would lead towards the strong resistance at 27100 levels, and then finally towards the major resistance at 27,600 levels. BUY GOLD (AUG) ABOVE 26800 TGTS 27000/27250 SL BELOW 26600 SELL GOLD (AUG) BELOW 26550 TGTS 226350/26100 SL ABOVE 26750 DAILY PIVOTAL S1 26490 S2 26340 CLOSE 26627 R1 26750 R2 26850 WEEKLY COMMODITY REPORT 16-JUNE TO 20-JUNE-2014
  • 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (JUL) MCX 4 HOURLY CHART DAILY PIVOTAL S1 41500 S2 41230 CLOSE 41875 R1 42200 R2 42450 TRADING STRATEGY MCX Silver rose during the course of the session on Friday, breaking above the level 41500. With the Bullish Marubozu candlestick that we saw during the day, we believe that this market will continue to go higher, probably aiming for the 42700 handle. With that, we think that a potential breakout could be coming, but we don’t get overly bullish until we get above the 42000 level on a daily close, which would show the momentum for the buyers picking up As expected during this week prices could able sustain on higher levels and in end of the week prices rose towards the new contract high of 41900 levels and finally closed +4.75 % higher at 39997 levels. In the week prices have made the new contract high of 41900 levels and formed “Bullish candlestick pattern” which is the indication of bullish trend. For the next week we expect silver prices to find resistance in the range of 42700 – 43000 levels. Trading consistently below 41400 levels would lead towards the strong support at 39500 levels. Resistance is now observed in the range of 42,700 – 43,000 levels. BUY SILVER (JUL) ABOVE 42000 TGTS 42350/42650 SL 41700 SELL SILVER (JUL) BELOW 41600 TGTS 41300/41000 SL 41900 WEEKLY COMMODITY REPORT 16-JUNE TO 20-JUNE-2014
  • 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (JUN) MCX 4 HOURLY CHART TRADING STRATEGY: As you can see broke much higher during the course of the session on , breaking above the 6230 level, and above the top of the Bullish candlestick pattern that we had formed of the previous two sessions. With this being the case, we feel that the market is ready to go much higher, and as this market has freed itself from massive resistance, we feel that the market goes much higher given enough time. BUY CRUDEOIL (JUN) ABOVE 6420 TGT 6500/6620 SL BELOW 6325 SELL CRUDEOIL (JUN) BELOW 6300 TGT 6220/6150 SL ABOVE 6380 DAILY PIVOTAL S1 6320 S2 6355 CLOSE 6399 R1 6440 R2 6480 WEEKLY COMMODITY REPORT 16-JUNE TO 20-JUNE-2014 WEEKLY COMMODITY REPORT 16-JUNE TO 20-JUNE-2014
  • 5. BASE METALS WEEKLY TECHNICAL LEVELS NICKEL (JUN) MCX 4 HOURLY CHART TRADING STRATEGY: There is no major movement in Nickel and closed -2.76% at 1080.40on Friday. From starting the week nickel price down its lowest since mid-May as investors closed positions following a price gain of almost 40 percent for the year so far. Still, the long-term bull trend in nickel remained intact. According to INSG, the surplus in global nickel market dropped significantly during the month of March this year. The global nickel market surplus totaled 3,600 tons in March this year. This is 52.6% down when compared with the surplus data during March last year. For the next week we expect Nickel prices to find support in the range of 1030 - 1000 levels while Resistance is now observed in the range of 1170- 1185 levels. BUY NICKEL (JUN) ABOVE 1100 TGT 1125/1150 SL 1075 SELL NICKEL (JUN) BELOW 1070 TGT 1045/ 1020s SL 1095 DAILY PIVOTAL S1 1073 S2 1065 CLOSE 1080.4 R1 1090 R2 1096 WEEKLY COMMODITY REPORT 16-JUNE TO 20-JUNE-2014
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