Weekly commodity market report10 march 2014 by epic research

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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