Weekly comex report

24th to 28th August, 2015

GOLD

RECOMMENDATION: SELL

Overview: Gold price continue to fluctuate around $1060.00 level, we will expect continue the bearish trend in upcoming trend. Expected trading range for next week is between $1134 support and $1170 resistance. On the upside, the resistance level is at $1170, if market breaks this resistance level upside breakout is expected with a potential target of $1200.

Indicators: We will suggest bearish trend for this week supported by SMA 51.

Trading Strategy: For this week market is in bearish or sideways trend one can go for sell position below the resistance level at $1170.

CRUDE OIL

RECOMMENDATION: SELL

Overview: Crude oil price continue to fluctuate around $40 level, we will expect continue the bearish trend in upcoming trend. Expected trading range for next week is between $37.00 support and $42.00 resistance. On the downside, the support level is at $37.00, if market breaks this support level downside breakout is expected with a potential target of $32.50.

Indicators: We will suggest bearish trend for this supported by SMA100.

Trading Strategy: For next week market is in bearish or sideways trend one can go for sell position below the resistance level at $42.00

WEEKLY TECHNICAL LEVELS SCRIPT GOLD SILVER CRUDE COPPER NG

R2

R1

S1

S2

1205.03

1182.77

1123.37

1086.23

16.248

15.747

14.712

14.178

44.68

42.45

38.93

37.64

346.7

342.30

329.85

321.8

2.834

2.761

2.643

2.598

MAJOR ECONOMIC DATA Date Aug, 24th Aug, 25th

Time

Currency

Economic Data

Forecast

Previous

3:55pm

USD

FOMC Member Lockhart Speaks

-0.50%

1.00%

3:00pm

USD USD

CB Consumer Confidence New Home Sales

92.8 512K

90.9 482K

Aug, 26th

1:30pm

0.60% 3.40%

Aug, 27th

Core Durable Goods Orders m/m Durable Goods Orders m/m FOMC Member Dudley Speaks Crude Oil Inventories Prelim GDP q/q

0.30% -0.50%

3:00pm 3:30pm 1:30pm

USD USD USD USD USD

3.20%

2.6M 2.30%

3:00pm

USD USD

Unemployment Claims Pending Home Sales m/m

275K 1.30%

277K -1.80%

3:00pm

USD USD USD USD

Goods Trade Balance Core PCE Price Index m/m Personal Spending m/m Revised UoM Consumer Sentiment

0.10% 0.40% 93.2

-62.3B 0.10% 0.20% 92.9

Aug, 28th

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