Weekly Outlook for Precious Metals, Energy and Metals (28/08/2017 to 01/09/2017)

WEEKLY
PRECIOUS
(28/0
© EquityPandit Financial Services Pvt. Ltd. |
Jagrut Shah
Sr. Research Analyst
EquityPandit Financial Services Pvt. Ltd.
305, Trinity Business Centre, L. P. Savani Road,
Surat - 395009
Gujarat
An ISO 9001:2008 Certified Company
DATE: 25/08/2017
EEKLY OUTLOOK FOR
RECIOUS METAL, ENERGY AND
METALS
/08/2017 - 01/09/2017)
© EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com
EquityPandit Financial Services Pvt. Ltd.
305, Trinity Business Centre, L. P. Savani Road,
An ISO 9001:2008 Certified Company
www.equitypandit.com
UTLOOK FOR
NERGY AND
| info@equitypandit.com
Darpan Shah
Head - Research

GOLDPAGE 2
GOLD (29167) closed the week on absolutely flat note.
As we have mentioned last week, that support for the commodity lies in the zone of 28900 to
29000 where Fibonacci level is lying. If the commodity manages to close below these levels
then the commodity can drift to the levels of 28500 to 28600 where medium and long term
moving averages are lying. During the week the commodity manages to hit a low of 28777
and close the week around the levels of 29167
Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying.
If the commodity manages to close below these levels then the commodity can drift to the
levels of 28500 to 28600 where medium and long term moving averages are lying.
Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has
formed a double top pattern and Fibonacci level is lying. If the commodity manages to close
above these levels then the commodity can witness a major break-out and the commodity
can move to the levels of 30200 to 30300 where Fibonacci level is lying.
Broad range for the commodity in the coming week can be seen between 28500 - 28600 on
downside & 29600 - 29700 on upside.

SILVER (39012) closed the week on negative note losing around 0.10%.
As we have mentioned last week, that minor resistance for the commodity lies in the zone of
39300 to 39500. Resistance for the commodity lies in the zone of 40000 to 40200 where 200
daily moving averages are lying. If the commodity manages to close above these levels then
the commodity can move to the levels of 40600 to 40700 where Fibonacci level is lying.
During the week the commodity manages to hit a high of 39288 and close the week around
the levels of 39012.
Support for the commodity lies in the zone of 38800 to 38900 from where the commodity
broke out of double top pattern. If the commodity manages to close below these levels then
the commodity can drift to the levels of 38100 to 38200 where short term moving averages
are lying.
Minor resistance for the commodity lies in the zone of 39300 to 39500. Resistance for the
commodity lies in the zone of 40000 to 40200 where 200 daily moving averages are lying. If
the commodity manages to close above these levels then the commodity can move to the
levels of 40600 to 40700 where Fibonacci level is lying.
SILVER

COPPER (427.55) closed the week on positive note gaining around 3.00%.
As we have mentioned last week, that resistance for the commodity lies in the zone of 422 to
425 where long term Fibonacci levels are lying. If the commodity manages to close above
these levels then the commodity can move to the levels of 428 to 430. During the week the
commodity manages to hit a high of 431 and close the week around the levels of 428.
Support for the commodity lies in the zone of 422 to 425 where long term Fibonacci levels
are lying. If the commodity manages to close below these levels then the commodity can drift
to the levels of 412 to 415 where high for the November-2016 and February-2017 is lying.
Resistance for the commodity lies in the zone of 428 to 430. If the commodity manages to
close above these levels then the commodity can move to the levels of 439 to 441.
COPPER

ZINC (195.50) closed the week on a negative note losing around 2.60%.
206 where trend-line joining highs of 208 and 204 are lying. If the commodity manages to
close above these levels then the commodity will broke out of multiple years of consolidation
and correction. During the week the commodity manages to hit a high of 203 and close the
week around the levels of 195.50
Minor support for the commodity lies in the zone of 195 to 197. Support for the commodity
lies in the zone of 189 to 191 from where the commodity broke out after consolidation. If the
commodity manages to close below these levels then the commodity can drift to the levels of
around 185 to 187 from where the commodity broke out of July-2017 highs and declining
trend-line support is lying.
Resistance for the commodity lies in the zone of 204 to 206 where trend-line joining highs of
208 and 204 are lying. If the commodity manages to close above these levels then the
commodity will broke out of multiple years of consolidation and correction.
ZINC

LEAD (147.30) closed the week on negative note losing around 2.00%.
155 where Fibonacci levels are lying. If the commodity manages to close above these levels
then the commodity can move to the levels of 159 to 161 where long term Fibonacci levels
are lying. During the week the commodity manages to hit a high of 154 and close the week
around the levels of 147.30
Support for the commodity lies in the zone of 146 to 148 where short term & 200 daily
moving averages and Fibonacci levels are lying. If the commodity manages to close below
these levels then the commodity can drift to the levels of 142 to 143 where medium term
moving averages and Fibonacci levels are lying.
Minor resistance for the commodity lies in the zone of 149 to 150. Resistance for the
commodity lies in the zone of 153 to 155 where Fibonacci levels are lying. If the commodity
manages to close above these levels then the commodity can move to the levels of 159 to 161
where long term Fibonacci levels are lying.
LEAD

NICKEL (729) closed the week on positive note gaining around 3.60%.
705 where Fibonacci level is lying. If the commodity manages to close above these levels
then the commodity can move to the levels of around 720 to 725 where Fibonacci level is
lying. During the week the commodity manages to hit a high of 755 and close the week
around the levels of 729.
Support for the commodity lies in the zone of 720 to 725 where Fibonacci level is lying. If the
commodity manages to close below these levels then the commodity can drift to the levels of
around 700 to 705 where Fibonacci level is lying..
Resistance for the commodity lies in the zone of 745 to 750 from where the commodity has
sold off in the month of Feb-2017. If the commodity manages to close above these levels then
the commodity can move to the levels of around 775 to 780 from where the commodity has
sold off in the month of Dec-2016.
NICKEL

1q
PAGE 8
ALUMINIUM (131.30) closed the week on positive note gaining around 0.20%.
131 where the commodity has formed multiple top in last 4 years. If the commodity manages
to close above these levels then the commodity can witness a major multi-year break out and
the commodity can move to the levels of 140 to 142. During the week the commodity
manages to hit a high of 135 and close the week around the levels of 131.30.
Support for the commodity lies in the zone of around 127 to 128 where break-out levels for
the commodity is lying. If the commodity manages to close below these levels then the
commodity can drift to the levels of 125 to 126 where Fibonacci levels are lying.
Resistance for the commodity lies in the zone of 130 to 131 where the commodity has
formed multiple top in last 4 years. If the commodity manages to close above these levels
then the commodity can witness a major multi-year break out and the commodity can move
to the levels of 140 to 142.
downside and 136 - 138 on upside.
ALUMINIUM

CRUDE OIL (3058) closed the week on negative note losing around 1.50%.
3100 where Fibonacci levels and medium term moving averages are lying. If the commodity
manages to close below these levels then the commodity can drift to the levels of 2980 to
3020 where short term moving averages are lying. During the week the commodity manages
to hit a low of 3013 and close the week around the levels of 3058.
Support for the commodity lies in the zone of 2980 to 3020 where short term moving
averages are lying. If the commodity manages to close below these levels then the
commodity can drift to the levels of 2880 to 2920 where Fibonacci levels are lying.
Resistance for the commodity lies in the zone of 3080 to 3120 where Fibonacci levels and
medium term moving averages are lying. If the commodity manages to close above these
levels then the commodity can move to the levels of 3200 to 3230 where Fibonacci levels are
lying.
CRUDE OIL

NATURAL GAS (185) closed the week on negative note losing around 0.50%.
185 where break out level for the commodity is lying. If the commodity manages to close
below these levels then the commodity can drift to the levels of 178 to 180 where the
commodity has formed a short term bottom. During the week the commodity manages to hit
a low of 184 and close the week around the levels of 185.
Support for the commodity lies in the zone of 183 to 185 where break out level for the
commodity is lying. If the commodity manages to close below these levels then the
commodity can drift to the levels of 178 to 180 where the commodity has formed a short
term bottom.
Resistance for the commodity lies in the zone of 188 to 190 where Fibonacci level and short
term moving averages are lying. If the commodity manages to close above these levels then
the commodity can move to the levels of 194 to 196 from where the commodity has broken
down.
NATURAL GAS

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