WEEKLY COMMODITY REPORT 31-MAR TO 04-APR-2014
WEEKLY COMMODITY REPORT 31-MAR TO 04-APR-2014
BULLIONS WEEKLY TECHNICAL LEVELS GOLD(JUN) MCX 4 HOURLY CHART
TRADING STRATEGY: MCX Gold(JUN) has opened the week at 29,088 levels and during this week and move above slightly made weekly high of 29141and price corrected sharply 3.83% lower from these levels and made low of 28024 levels and finally closed at 28120 levels. Price is trading FAR below MA 50 and 100, RSI is in oversold range. For the next week we expect gold prices to find support around 27800 level. But as comex gold has broken 1300 level, and still in bearish zone, MCX gold may go more downward.
1. BUY GOLD(JUN) MCX ABOVE 28500 TGT 28620/28770 SL BELOW 28300 2. SELL GOLD (JUN) MCX BELOW 28000 TGT 27880/27730 SL ABOVE 28200
WEEKLY PIVOTAL S1
27718
S2
27312
CLOSE
28120
R1
28235
R2
29546
WEEKLY COMMODITY REPORT 31-MAR TO 04-APR-2014
BULLIONS WEEKLY TECHNICAL LEVELS SILVER (MAY) MCX 4 HOURLY CHART
TRADING STRATEGY: MCX Silver has opened the week at 44,510 levels and during this week price corrected 4.71% sharply lower, and finally closed lower at 42,759 levels. Strong bearish trend seen last week in both MCX and Comex silver. We expect price may find support around 41800 level,and can go up to 43800 level.
1. BUY SILVER MCX (MAY) ABOVE 43500 TGT 43850/44350 SL 43100 2. SELL SILVER MCX (MAY) BELOW 42250 TGT 41900/41400 SL 42650
WEEKLY PIVOTAL S1
41943
S2
41128
CLOSE
43227
R1
44042
R2
45326
WEEKLY COMMODITY REPORT 31-MAR TO 04-APR-2014
ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (APR) MCX 4 HOURLY CHART
TRADING STRATEGY: Crude Oil suggest that prices have breached the crucial resistance of 6100 level. RSI is in a buy mode. We expect prices to go up to levels of 6200. 1. BUY CRUDE OIL MCX ABOVE 6180 TGT 6260/6380 SL 6030 2. Sell CRUDE OIL MCX BELOW 5980 TGT 5900/5800 SL 6150
WEEKLY PIVOTAL S1
6023
S2
5923
CLOSE
6115
R1
6177
R2
6240
WEEKLY COMMODITY REPORT 31-MAR TO 04-APR-2014
ENERGY WEEKLY TECHNICAL LEVELS NATURAL GAS (APR) MCX 4 HOURLY CHART
TRADING STRATEGY: Prices has return from crucial support level 265. Stochastic is in a buy mode. We expect prices to go up to levels of 280 and if success to brake 281 level than may find resistance at 295 level. 1. BUY NATURAL GAS MCX ABOVE 281 TGT 289/300 SL 271 2. SELL NATURAL GAS MCX BELOW 258 TGT 250/240 SL 368
WEEKLY PIVOTAL S1
262.03
S2
253.57
CLOSE
270.5
R1
277.23
R2
283.97
WEEKLY COMMODITY REPORT 31-MAR TO 04-APR-2014
BASE METALS WEEKLY TECHNICAL LEVELS COPPER (APR) MCX 4 HOURLY CHART
TRADING STRATEGY: Copper prices have reversed after taking support of 397 level. RSI is in a buy mode. We expect prices to go up to levels of 408-412 levels. 1. BUY COPPER MCX ABOVE 410 TGT 415/425 SL 402 2. SELL COPPER MCX BELOW 395 TGT 390/380 SL 405
WEEKLY PIVOTAL S1
398.33
S2
392.07
CLOSE
401.77
R1
408.03
R2
411.47
WEEKLY COMMODITY REPORT 31-MAR TO 04-APR-2014
BASE METALS WEEKLY TECHNICAL LEVELS LEAD (APR) MCX 4 HOURLY CHART
TRADING STRATEGY: MCX Lead have reversed after taking support of 121 level. lead is in recovery mode and RSI is in a buy mode. We expect prices to go up to levels of 126 and can go further more to 129 levels. 1. BUY LEAD(APR) MCX ABOVE 126 TGT 127.5/130 SL 123.5 2. SELL LEAD(APR) MCX BELOW 123.5 TGT 122/120 SL 126
WEEKLY PIVOTAL S1
122.48
S2
120.92
CLOSE
124.05
R1
126.18
R2
128.32
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