Weekly Newsletter MCX 16/03/2015
www.capitalheight.com
info@capitalheight.com Phone- (0731)6615050
Weekly MCX News Letter Contents Upcoming events Market Wrap Gold Silver Copper Natural gas Technical Analysis Gold Silver Copper Natural gas
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
UPCOMING EVENTS Date
Cur.
Event
16-Mar
USD
NY Empire State Manufacturing Index (Mar)
8
7.78
USD
Industrial Production (MoM) (Feb)
0.20%
0.20%
EUR
CPI (YoY) (Feb)
-0.30%
-0.30%
USD
Building Permits (Feb)
1.065M
1.060M
18-Mar
USD
Crude Oil Inventories
-
4.512M
19-Mar
USD
Current Account (Q4)
-103.6B
-100.3B
USD
Initial Jobless Claims
-
289K
USD
Philadelphia Fed Manufacturing Index (Mar)
7.4
5.2
USD
Natural Gas Storage
-
-198B
17-Mar
Forecast Previous
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
MARKET WRAP Gold Weekly Last week Gold closed at 25890 below 21 & 55 Daily EMA which is at 26785 & 27390 respectively. On weekly charts it closed below the support line of symmetrical triangle. In upcoming week Gold has immediate resistance at 26000-26100 & immediate support at 25500.If Gold sustains below level of 25500 then it may test the levels of 25300-25100-24820 or else above 26100 it could bounce till 26350-26500. Strength on upside is limited so any sharp rise could be good selling opportunity. Sell gold on rise at 26300-26200 for the target of 25750-25600 with the stoploss above 26700 on closing basis.
WEEKLY PIVOT COMMODITY GOLD
R3 26510
R2 R1 26320 25950
P 25750
S1 25370
S2 25180
S3 24800
OUTLOOK Trend: - Bearish Strategy: - Sell On High
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
Silver Weekly Last week Silver traded with bearish node & like to continue the same in upcoming sessions. Last week silver closed at 35553 below 21 & 55 Daily EMA which is at 37559 & 40379 respectively. On Weekly charts it formed a symmetrical triangle (Black lines ) & managed to traded below ascending broadening wedge ( Red dotted lines). In upcoming week Silver has Resistance at 35700-36150 & immediate & crucial support at 34800. If Silver sustain below 34800 then could test the levels of 34350.Multiple close below 34300 will see free fall till 33000 and more on the other hand if it manage to sustain above 36150 could bounce till 36500-36700. Fresh buying suggested only above 40000. MACD & Stochastic confirms
enough strength for down side movement. Sell silver on rise at 36150-36200 for the target of 34800-34300-33700 with the stop loss above 37300 on closing basis.
WEEKLY PIVOT COMMODITY
R3
R2
R1
P
S1
S2
S3
SILVER
37490
36840
36185
35535
34880
34235
33580
OUTLOOK Trend: - Bearish Strategy: - Sell On High www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
Copper Weekly Last week Copper closed at 375.15 below 21 & 55 Daily EMA which is at 380.76 & 401.39 respectively. Last week strong bull candle formed due to fresh buying on lower levels. In upcoming week Copper has Resistance at 377 & immediate support at 369. If Copper able to sustain above the level of 377 then it could test 379-385-389 & above where as closing below 363 could see sharp correction till 360-354-350. Buy Copper on dips at 365-362 for the expected targets of 375-380 stoploss below 350 on closing basis.
WEEKLY PIVOT COMMODITY COPPER
R3 390.50
R2 383
R1 379
P 371.65
S1 367.50
S2 360
S3 356.50
OUTLOOK Trend: -Consolidate Strategy: - Buy On Dips
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
Natural Gas Weekly Last week Natural Gas closed at 173.50 below 21 Daily EMA & 55 Daily EMA which is at 199 & 223.50 respectively. Foresightness in NG would be more specific on its daily charts ( as attached ) as compared to weekly charts. On daily charts it is forming a symmetrical triangle with strong support zone at 168 and signals for possible upcoming bearishness. In next week Natural Gas has its immediate resistance at 182 while support at 168. Sustain below its support level of 168 it could test the levels of 165-162-159 else above 182 it could bounce till 185189. Strength on upside is limited so any sharp rise could be good selling opportunity.
Sell NG on rise at 178-177 for the expected target of 171-165 with stoploss placed above 185.
WEEKLY PIVOT COMMODITY NATURAL GAS
R4 191
R3 185.50
R2 179.50
R1 174
P 168
S1 162.50
S2 156.50
OUTLOOK Trend: - Bearish Strategy: - Sell On High
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
Disclaimer 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. Money CapitalHeight Research Investment Advisors Pvt. Ltd. recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money CapitalHeight Research Investment Advisors Pvt. Ltd. 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 NCDEX. The commodity 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 Money CapitalHeight Research Investment Advisors Pvt. Ltd might be holding positions in the commodity 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 Commodity and equity 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. Money CapitalHeight Research Investment Advisors Pvt. Ltd 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.
www.capitalheight.com capitalheight.wordpress.com