Weekly commodity report 26 may 2014 by epic research

WEEKLY COMMODITY REPORT 26-MAY TO 30-MAY-2014

WEEKLY COMMODITY REPORT 26-MAY TO 30-MAY-2014

BULLIONS WEEKLY TECHNICAL LEVELS GOLD(JUN) MCX 4 HOURLY CHART

TRADING STRATEGY: During this week Gold prices made a high of 28,299 levels. But this week prices were not able to sustain on higher levels and prices fell sharply making this contract new low of 27,100 levels and finally closed 2.63 % lower at 27,349 levels which is trading near 10 month low. In this week prices have breached this contract lows and trading below it which is the indication of southward trend for coming trading sessions.

For the next week we expect gold prices to find support in the range of 27,100 – 27,000 levels and Resistance is now observed in the range of 27,700-27,800 levels

1 2

BUY GOLD ABOVE 27700 TG: 27850, 28050 SL: 27500 SELL GOLD BELOW 27100 TG: 26950, 26750 SL: 27300

WEEKLY PIVOTAL S1

26866

S2

26384

CLOSE

27349

R1

28065

R2

28782

WEEKLY COMMODITY REPORT 26-MAY TO 30-MAY-2014

BULLIONS WEEKLY TECHNICAL LEVELS SILVER (JUL) MCX 4 HOURLY CHART

TRADING STRATEGY: As expected during this week Silver prices were not able to sustain on higher levels and at end of the week prices corrected towards the low of 40,575 levels and finally closed 0.24 % lower at 40,797 levels. In the week prices have made the new contract low of 40,575 levels and formed “Bearish candlestick” which is the indication of bearish trend.

For the next week we expect silver prices to find support in the range of 40,200 – 40,000 levels and Resistance is now observed in the range of 41,400 – 41,500 levels.

1 2

BUY SILVER ABOVE 41500 TG: 41900, 42400 SL: 41000 SELL SILVER BELOW 40500 TG: 40100, 39600 SL: 41000

WEEKLY PIVOTAL S1

40430

S2

40063

CLOSE

40797

R1

41309

R2

41821

WEEKLY COMMODITY REPORT 26-MAY TO 30-MAY-2014

ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (JUN) MCX 4 HOURLY CHART

TRADING STRATEGY: During this week Crude bounced sharply higher towards the weekly high of 6,139 levels. In this week price are able to close higher from the previous week’s closing of 5,987 levels and finally closed 2.22% higher at 6120 levels which is trading at two weeks high.

For the next week we expect Crude oil prices to find support in the range of 6030 – 6040 levels and Resistance is now observed in the range of 6,170-6,180 levels.

1 2

BUY CRUDE OIL JUN ABOVE 6140 TG 6220, 6320 SL BELOW 6000 SELL CRUDE OIL JUN BELOW 5930 TG 5850, 5750 SL ABOVE 6050

WEEKLY PIVOTAL S1

6009

S2

5898

CLOSE

6120

R1

6185

R2

6250

WEEKLY COMMODITY REPORT 26-MAY TO 30-MAY-2014

ENERGY WEEKLY TECHNICAL LEVELS NATURAL GAS (MAY) MCX 4 HOURLY CHART

TRADING STRATEGY: Last week as expected prices were not able to sustain on the higher levels and corrected towards this contract’s new low of 255.40 levels and finally closed at 1.22% lower at 258.10 levels. On weekly basis again we saw that prices has formed “Bearish candlestick” which indicates the bearish trend.

For the next week we expect Natural Gas prices to find support in the range of 256 - 255 levels and Resistance is now observed in the range of 268 - 270 levels.

1 2

BUY NATURAL GAS ABOVE 270 TG 278, 288 SL 260 SELL NATURAL GAS BELOW 252 TG 246, 236 SL 262

WEEKLY PIVOTAL S1

251

S2

245

CLOSE

257

R1

266.1

R2

275.2

WEEKLY COMMODITY REPORT 26-MAY TO 30-MAY-2014

BASE METALS WEEKLY TECHNICAL LEVELS NICKEL (MAY) MCX 4 HOURLY CHART

TRADING STRATEGY: During this week MCX nickel price seems less volatile. Price is still in Up-trend due to less supply concern. Indonation Govt has given some positive signal to increase supply, but still have some doubts.

For the comming weeks we expect price can take resistance at 1185 level while support at 1124.

1. BUY NICKEL MCX ABOVE 1185 TGT 1205,1245 SL 1130 2. SELL NICKEL MCX BELOW 1124 TGT 1104,1164 SL 1160

WEEKLY PIVOTAL S1

1121.67

S2

1093.33

CLOSE

1141.6

R1

1175.87

R2

1210.13

WEEKLY COMMODITY REPORT 26-MAY TO 30-MAY-2014

BASE METALS WEEKLY TECHNICAL LEVELS LEAD (MAY) MCX 4 HOURLY CHART

TRADING STRATEGY: MCX Lead May as seen in the chart above has opened at 124.40 levels and during this period prices made a high of 126 levels. As expected during this week prices could not able sustain on higher levels and corrected towards the low of 122.35 levels but recoverd soo and finally closed at 124.10 levels. For coming weeks price will be in sideways.

1. BUY LEAD(MAY) MCX ABOVE 125.50 TGT 127/129 SL 123 2. SELL LEAD(MAY) MCX BELOW 123 TGT 121.5/119.5 SL 125.5

WEEKLY PIVOTAL S1

122.3

S2

119.4

CLOSE

124.1

R1

125.95

R2

131.2

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.