Weekly Newsletter MCX 04/05/2015
www.capitalheight.com
info@capitalheight.com Phone- (0731)6615050
Weekly MCX News Letter Contents Upcoming events Market Wrap Gold Silver Copper Crude Oil Technical Analysis Gold Silver Copper Crude Oil
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
UPCOMING EVENTS Date
Cur.
Event
Forecast
Previous
4-May-15
EUR
German Manufacturing PMI (Apr)
51.9
51.9
USD
Factory Orders (MoM) (Mar)
2.00%
0.20%
USD
Trade Balance (Mar)
-40.30B
-35.40B
USD
Markit Composite PMI (Apr)
-
57.4
USD
Services PMI (Apr)
-
57.8
USD
ISM Non-Manufacturing PMI (Apr)
56.5
56.5
USD
ADP Nonfarm Employment Change (Apr)
198K
189K
USD
Nonfarm Productivity (QoQ) (Q1)
-2.00%
-2.20%
USD
Crude Oil Inventories
-
1.910M
USD
Initial Jobless Claims
-
262K
USD
Natural Gas Storage
-
81B
USD
Average Hourly Earnings (MoM) (Apr)
0.20%
0.30%
USD
Nonfarm Payrolls (Apr)
213K
126K
USD
Participation Rate (Apr)
-
62.70%
USD
Private Nonfarm Payrolls (Apr)
215K
129K
USD
Unemployment Rate (Apr)
5.40%
5.50%
5-May-15
6-May-15
7-May-15
8-May-15
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
MARKET WRAP Gold Weekly Market on dual node. No matters, we booked profit above 26980 to 27200. Last week as we clearly mentioned price divergence with MACD & Stochastic on daily charts which increases the selling pressure at higher levels. What Next??? Last week Gold closed at 26636 below 21 & 55 Daily EMA which is at 26764 & 26654 respectively which represent negative mood. On weekly charts Gold is sustained & closed below the Bollinger middle band with resistance at 27300 which could lead a down to test the lower band. In upcoming week Gold has immediate resistance at 27300 & immediate support at 26450.If Gold sustains above level of 27300 then it could bounce till 27450-27600 or else below 26450 it may test the levels of 26250-26050.Close below 26000 will free fall till 25750-25480. Either side breakout with volume will lead to market. Sustainability of levels is very important. So have patience & trade on proper levels with SL. Do have an eagle on USD/INR.
WEEKLY PIVOT COMMODITY GOLD
R3 27905
R2 R1 27600 27115
P 26800
S1 26320
S2 26010
S3 26535
OUTLOOK Trend: - Consolidate. Strategy: - Sell on high. www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
Silver Weekly Hope you locked huge money above weekly resistance of 36350 till 37500 and above. What next??? Last week silver (JULY) closed at 37219 below 21 & 55 Daily EMA which is at 37233 & 37368 respectively. On Weekly charts look negative supported by MACD. In upcoming week silver has support at 36300 and short term symmetrical triangle (red dotted lines) support at 36000.If it brake the support zone and sustains below 36300 then could test the levels of 36000.Sustain below 36000 it will confirm the breakout of symmetrical triangle and could expected a free fall towards 35400-34200 and more. On the other hand if it manages to sustain above Resistance of 37610 could bounce till 37900-38400. Any sharp rise towards its resistance is a good sell opportunity for positional trade. Strength on upside is limited so have patience & trade on proper levels with SL.
WEEKLY PIVOT COMMODITY
R3
SILVER
40185
R2
R1
39290 38255
P 37355
S1
S2
36320 35425
S3 34390
OUTLOOK Trend: - Bearish. Strategy: - Sell on high.
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
Copper Weekly Locked profit or not?? As expected sharp north movement above 387 to 405 and above. As we clearly mentioned the expectation to test upper Bollinger band. What next??? Last week Copper (JUNE) closed at 416.35 above 21 period & 55 periods of Daily EMA which is at 385.70 & 379.25 respectively which suggest a positive move. Weekly charts represent a strong bullish move followed by the MACD. It closes far-far away from 61.8% of retracement level of past bearish trend which is at 399. Our expectation increases to retrace up to 100% 440 in coming weeks. In next week copper has Resistance at 418 and Support at 410. If copper able to sustain above the level of 418 then it could test 422-428-435 major resistance faced at 440 on the other hand if sustain below its support 410 then could test the levels of 405-399. Major support below 399. USD/INR will play a key role to lead the market. Have patience & trade on proper levels with SL.
WEEKLY PIVOT COMMODITY COPPER
R3 461
R2 439
R1 428
P 406
S1 394
S2 372
S3 360
OUTLOOK Trend: - Bullish. Strategy: -Buy on Dips.
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)6615050
Crude Oil Weekly Crude Oil has staged its strongest recovery this month since a selloff that began in June last year. U.S. crude futures are poised to end April up nearly 23 % almost. What Next??? Last week Crude Oil closed at 3754 above 21 Daily EMA & 55 Daily EMA which is at 3505 & 3350 respectively which reflects the strong positive run. On weekly charts it close above the neck line (green dotted horizontal line) of double bottom short of pattern and close to Bollinger upper band which may lead a bull rally above 3900 in coming days. Crude Oil has immediate resistance at 3880 while support at 3620. Sustain above its resistance could test the levels of 3935-3985-4050-4120 while trade below its support may test 35803500-3420-3370 levels. Have patience & trade on proper levels with SL.
WEEKLY PIVOT COMMODITY CRUDE OIL
R3 4083
R2 3945
R1 3849
P 3711
S1 3615
S2 3477
S3 3381
OUTLOOK Trend: -Consolidate. Strategy: - Buy On dips.
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