Weekly commodity report 11to15 aug 2014 by epic research pvt ltd indore

WEEKLY COMMODITY REPORT 11-15 AUG-2014

WEEKLY COMMODITY REPORT 11-15 AUG-2014

BULLIONS WEEKLY TECHNICAL LEVELS GOLD(AUG) MCX DAILY CHART

TRADING STRATEGY:

MCX Gold Oct as seen in the weekly chart above has opened the week at 28,165 levels and made a low of 28,010 levels. During this week price could not able to breach the support zone of 28,000 - 27,900 levels and bounced sharply towards the high of 29,085 levels. At the end of the week price corrected towards the down side and finally closed 1.35% higher at 28,604 levels. Technically, as per the candlestick pattern prices have formed “Bullish candlestick pattern” indicating optimism for the coming trading sessions.

For the next week we expect gold prices to find support in the range of 28,000,27,950 levels. Trading consistently below 27,950 levels would lead towards the strong support at 27,500 levels and then finally towards the major support at 26,800 levels.

BUY GOLD (OCT) ABOVE 29100 TGTS 29300/29600 SL BELOW 28900 SELL GOLD (OCT) BELOW 28600 TGTS 28400/28100 SL ABOVE 28800

WEEKLY PIVOTAL S1

28048

S2

27491

CLOSE

28566

R1

29123

R2

29641

WEEKLY COMMODITY REPORT 11-15 AUG-2014

BULLIONS WEEKLY TECHNICAL LEVELS SILVER (JUL) MCX DAILY CHART

TRADING STRATEGY

MCX Silver Sept as seen in the weekly chart above has opened at 44,427 levels and made a high of 44,640 levels. During the week prices could not able to breach the resistance zone of 44,600 – 44,700 levels and corrected sharply towards the low of 43,266 levels.

WEEKLY PIVOTAL

BUY SILVER (SEP) ABOVE 44300 TGTS 44700/45300 SL 43900 SELL SILVER (SEP) BELOW 43400 TGTS 43000/42400 SL 43800

S1

43017

S2

42455

CLOSE

43829

R1

44391

R2

45203

WEEKLY COMMODITY REPORT 11-15 AUG-2014

ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (JUL) MCX DAILY CHART

TRADING STRATEGY:

MCX Crude oil Aug as seen in the weekly chart above has opened the week at 5,987 levels and as expected during this week price could not able to breach the resistance zone of 6,060 – 6,080 levels and corrected towards the low of 5,934 levels. At the last trading session of the week prices bounced from the lower levels and finally closed 0.02% higher at 5,975 levels.

BUY CRUDEOIL (AUG) ABOVE 6070 TGT 6170/6320 SL BELOW 5920 SELL CRUDEOIL (AUG) BELOW 5930 TGT 5830/5680 SL ABOVE 6080

WEEKLY PIVOTAL S1

5918

S2

5860

CLOSE

5991

R1

6049

R2

6122

WEEKLY COMMODITY REPORT 11-15 AUG-2014

BASE METALS WEEKLY TECHNICAL LEVELS COPPER (JUN) MCX DAILY CHART

TRADING STRATEGY:

MCX Copper August as seen in the weekly chart above has opened at 434.70 levels and in the starting of the week price have made a high of 439.40 levels but could not able to sustain on resistance zone of 439 - 442 and corrected sharply towards the weekly low of 429.10 levels.

BUY COPPER (AUG) ABOVE 433 TGT 439/445 SL BELOW 427 SELL COPPER (AUG) BELOW 429 TGT 423/417 SL ABOVE 435

WEEKLY PIVOTAL S1

426.2

S2

422.5

CLOSE

432.8

R1

436.5

R2

443.1

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.

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 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.