WEEKLY COMMODITY REPORT 10-MAR TO 14-MAR-2014
WEEKLY COMMODITY REPORT 10-MAR TO 14-MAR-2014
BULLIONS WEEKLY TECHNICAL LEVELS GOLD(APR) MCX 4 HOURLY CHART
TRADING STRATEGY: A sharp fall seen in MCX Gold after the US nonfarm payroll data showed, the US created more jobs than expected. Although it manage to close above 30100 levels. tension between Ukraine and Rusia not over yet which is developing a positive factor for the bullions. Gold is taking support at 29900 level, while 30500 giving resistance to the price.
1. Buy GOLD MCX Above 30400 TGT 30520/30670 SL 30200 2. Sell GOLD MCX Below 29900 TGT 29780/29630 SL 30100
WEEKLY PIVOTAL S1
29800
S2
29470
CLOSE
30130
R1
30560
R2
30990
WEEKLY COMMODITY REPORT 10-MAR TO 14-MAR-2014
BULLIONS WEEKLY TECHNICAL LEVELS SILVER (MAY) MCX 4 HOURLY CHART
TRADING STRATEGY: Silver Price also falls after positive job claim data. we expect price may rise in coming weeks. 45800 giving price immediate support and 47500 giving resistance to the price.
1. Buy SILVER MCX (MAY) Above 47500 TGT 47850/48350 SL 47000 2. Sell SILVER MCX (MAY) Below 45700 TGT 45350/44850 SL 46200
WEEKLY PIVOTAL S1
45257
S2
44308
CLOSE
46205
R1
47732
R2
49258
WEEKLY COMMODITY REPORT 10-MAR TO 14-MAR-2014
ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (MAR) MCX 4 HOURLY CHART
TRADING STRATEGY: Crude Oil prices rose today over supply fears as diplomatic relations between Ukraine and Russia deteriorate. US jobs data printed on the positive note helping to support oil prices. As per chart, price return after taking support at 6110 level. 6340 giving immediate resistance to the price 1. Buy CRUDE OIL MCX Above 6370 TGT 6450/6600 SL 6250 2. Sell CRUDE OIL MCX Below 6090 TGT 6010/5900 SL 6220
WEEKLY PIVOTAL S1
6094
S2
5882
CLOSE
6305
R1
6533
R2
6760
WEEKLY COMMODITY REPORT 10-MAR TO 14-MAR-2014
ENERGY WEEKLY TECHNICAL LEVELS NATURAL GAS (MAR) MCX 4 HOURLY CHART
TRADING STRATEGY: As per above chart of Natural Gas, we can see the price has stuck in a range of 275-295, Price is still in a bullish trend as Natural Gas Storage stood at -152B against previous -95B. Buying in lower level seen in an entire week. We expect price may trade in rage for a couple of days. 1. Buy NATURAL GAS MCX Above 295 TGT 305/320 SL 280 2. Sell NATURAL GAS MCX Below 275 TGT 265/250 SL 391
WEEKLY PIVOTAL S1
275.03
S2
266.77
CLOSE
283.3
R1
293.23
R2
303.17
WEEKLY COMMODITY REPORT 10-MAR TO 14-MAR-2014
BASE METALS WEEKLY TECHNICAL LEVELS COPPER (APR) MCX 4 HOURLY CHART
TRADING STRATEGY: The red metal was sold in big volumes following news that China has witnessed its first ever corporate bond default. After its two-year corporate bonds matured on Friday afternoon. We expect price may recover up to 428-432.But we are still in sell side. 1. Buy COPPER MCX Above 440 TGT 445/455 SL 432 2. Sell COPPER MCX Below 415 TGT 410/400 SL 425
WEEKLY PIVOTAL S1
412.97
S2
266.77
CLOSE
421.4
R1
437.92
R2
454.43
WEEKLY COMMODITY REPORT 10-MAR TO 14-MAR-2014
BASE METALS WEEKLY TECHNICAL LEVELS LEAD (MAR) MCX 4 HOURLY CHART
TRADING STRATEGY: lead has broken its strong support of 129 and manage to close below this level on Friday. We expect price can make dip up to 125-126 levels, But profit booking in lower level may give some correction to price. 1. Buy LEAD MCX Above 130 TGT 131.5/134 SL 127.5 2. Sell LEAD MCX Below 126.5 TGT 125/122.5 SL 129
WEEKLY PIVOTAL S1
125.47
S2
123.18
CLOSE
127.75
R1
131.97
R2
136.18
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