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WEEKLY COMMODITY REPORT
21-APR TO 25-APR-2014
BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(JUN) MCX 4 HOURLY CHART
TRADING STRATEGY:
A bearish trend seen in both MCX and COMEX market due to positive economic data shown USA last
week. MCX Gold fall from resistance level of 29000 although it recover after taking support at 28200
level. On Friday both MCX and COMEX market war close due to Good Friday. For the next week we
expect price can recover up to 28800 level, but a firm recovery will be only above 29100 level.
1. BUY GOLD(JUN) MCX ABOVE 28700 TGT 28820/29000 SL BELOW 28500
2. SELL GOLD (JUN) MCX BELOW 28200 TGT 28080/27880 SL ABOVE 28400
WEEKLY PIVOTAL
S1 27141
S2 27778
CLOSE 28505
R1 28927
R2 29350
WEEKLY COMMODITY REPORT
21-APR TO 25-APR-2014
MCX Gold closed at 28756 on Friday. As we can see from chart price has recovered after taking support at 27770 level. Strong
buying sentiments in domestic and COMEX market supporting the gold price. We expect price may go more upside.BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (MAY) MCX 4 HOURLY CHART
TRADING STRATEGY:
After sharp fall from 43000 level, MCX Silver made low of 41526. Although it recover from that level
and closed at 42377. USA and Chinies manufacturing data comes positive last week, which is good
for silver in future. We expect silver price will trade in positive note in coming weeks.
1. BUY SILVER MCX (MAY) ABOVE 43500 TGT 43850/44350 SL 43100
2. SELL SILVER MCX (MAY) BELOW 41800 TGT 41450/41000 SL 42200
WEEKLY PIVOTAL
S1 41480
S2 40584
CLOSE 42377
R1 43319
R2 44262
WEEKLY COMMODITY REPORT
21-APR TO 25-APR-2014
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (APR) MCX 4 HOURLY CHART
TRADING STRATEGY:
U.S. government report on Wednesday showed a weekly jump in crude inventories that was over
four times more than the market expected, but oil futures still closed higher as concerns over
clashes between pro-Russia militants and Ukrainian forces continued to feed worries over global
oil supplies.
1. BUY CRUDE OIL MCX ABOVE 6350 TGT 6430/6550 SL 6220
2. SELL CRUDE OIL MCX BELOW 6150 TGT 6070/5970 SL 6280
WEEKLY PIVOTAL
S1 6220
S2 6154
CLOSE 6287
R1 6346
R2 6406
WEEKLY COMMODITY REPORT
21-APR TO 25-APR-2014
ENERGY WEEKLY TECHNICAL LEVELS
NATURAL GAS (APR) MCX 4 HOURLY CHART
TRADING STRATEGY:
MCX Natural Gas closed at 285.5 last week. Price has recovered from bottom, but still in
pressure. 295 giving strong resistance to the price. Weekly NG inventory stands at 24B compared
to expected 34B. We expect price may trad in range of 270-295 in coming weeks.
1. BUY NATURAL GAS MCX ABOVE 295 TGT 303/315 SL 285
2. SELL NATURAL GAS MCX BELOW 270 TGT 262/250 SL 280
WEEKLY PIVOTAL
S1 275.57
S2 265.63
CLOSE 285.5
R1 290.97
R2 296.43
WEEKLY COMMODITY REPORT
21-APR TO 25-APR-2014
BASE METALS WEEKLY TECHNICAL LEVELS
COPPER (APR) MCX 4 HOURLY CHART
TRADING STRATEGY:
A sideways trend seen in MCX Copper last week, It made high of 409.7and fall sharply up to
396.50, but recover from that level due to positive chines GPD data. Price has taken support at
395 level now we expect price may go up to 412 level to test resistance and if it success to break
that level we will see copper in 425 level soon.
1. BUY COPPER MCX ABOVE 412 TGT 417/427 SL 402
2. SELL COPPER MCX BELOW 395 TGT 390/380 SL 405
WEEKLY PIVOTAL
S1 399.2
S2 391
CLOSE 407.4
R1 412.6
R2 417.8
WEEKLY COMMODITY REPORT
21-APR TO 25-APR-2014
BASE METALS WEEKLY TECHNICAL LEVELS
LEAD (APR) MCX 4 HOURLY CHART
TRADING STRATEGY:
MCX lead recover after falling sharply and closed at 128.8 last week. We expect price is in now
bullish trend and it can go more upside up to 132-134 level soon.
1. BUY LEAD(APR) MCX ABOVE 130 TGT 131.5/133.5 SL 128
2. SELL LEAD(APR) MCX BELOW 127 TGT 125.5/123 SL 129
WEEKLY PIVOTAL
S1 126.43
S2 124.07
CLOSE 128.8
R1 130.13
R2 131.47
WEEKLY COMMODITY REPORT
21-APR TO 25-APR-2014
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Weekly commodity market report 21 april- 2014 by epic research

  • 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(JUN) MCX 4 HOURLY CHART TRADING STRATEGY: A bearish trend seen in both MCX and COMEX market due to positive economic data shown USA last week. MCX Gold fall from resistance level of 29000 although it recover after taking support at 28200 level. On Friday both MCX and COMEX market war close due to Good Friday. For the next week we expect price can recover up to 28800 level, but a firm recovery will be only above 29100 level. 1. BUY GOLD(JUN) MCX ABOVE 28700 TGT 28820/29000 SL BELOW 28500 2. SELL GOLD (JUN) MCX BELOW 28200 TGT 28080/27880 SL ABOVE 28400 WEEKLY PIVOTAL S1 27141 S2 27778 CLOSE 28505 R1 28927 R2 29350 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 3. MCX Gold closed at 28756 on Friday. As we can see from chart price has recovered after taking support at 27770 level. Strong buying sentiments in domestic and COMEX market supporting the gold price. We expect price may go more upside.BULLIONS WEEKLY TECHNICAL LEVELS SILVER (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: After sharp fall from 43000 level, MCX Silver made low of 41526. Although it recover from that level and closed at 42377. USA and Chinies manufacturing data comes positive last week, which is good for silver in future. We expect silver price will trade in positive note in coming weeks. 1. BUY SILVER MCX (MAY) ABOVE 43500 TGT 43850/44350 SL 43100 2. SELL SILVER MCX (MAY) BELOW 41800 TGT 41450/41000 SL 42200 WEEKLY PIVOTAL S1 41480 S2 40584 CLOSE 42377 R1 43319 R2 44262 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (APR) MCX 4 HOURLY CHART TRADING STRATEGY: U.S. government report on Wednesday showed a weekly jump in crude inventories that was over four times more than the market expected, but oil futures still closed higher as concerns over clashes between pro-Russia militants and Ukrainian forces continued to feed worries over global oil supplies. 1. BUY CRUDE OIL MCX ABOVE 6350 TGT 6430/6550 SL 6220 2. SELL CRUDE OIL MCX BELOW 6150 TGT 6070/5970 SL 6280 WEEKLY PIVOTAL S1 6220 S2 6154 CLOSE 6287 R1 6346 R2 6406 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 5. ENERGY WEEKLY TECHNICAL LEVELS NATURAL GAS (APR) MCX 4 HOURLY CHART TRADING STRATEGY: MCX Natural Gas closed at 285.5 last week. Price has recovered from bottom, but still in pressure. 295 giving strong resistance to the price. Weekly NG inventory stands at 24B compared to expected 34B. We expect price may trad in range of 270-295 in coming weeks. 1. BUY NATURAL GAS MCX ABOVE 295 TGT 303/315 SL 285 2. SELL NATURAL GAS MCX BELOW 270 TGT 262/250 SL 280 WEEKLY PIVOTAL S1 275.57 S2 265.63 CLOSE 285.5 R1 290.97 R2 296.43 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 6. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (APR) MCX 4 HOURLY CHART TRADING STRATEGY: A sideways trend seen in MCX Copper last week, It made high of 409.7and fall sharply up to 396.50, but recover from that level due to positive chines GPD data. Price has taken support at 395 level now we expect price may go up to 412 level to test resistance and if it success to break that level we will see copper in 425 level soon. 1. BUY COPPER MCX ABOVE 412 TGT 417/427 SL 402 2. SELL COPPER MCX BELOW 395 TGT 390/380 SL 405 WEEKLY PIVOTAL S1 399.2 S2 391 CLOSE 407.4 R1 412.6 R2 417.8 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
  • 7. BASE METALS WEEKLY TECHNICAL LEVELS LEAD (APR) MCX 4 HOURLY CHART TRADING STRATEGY: MCX lead recover after falling sharply and closed at 128.8 last week. We expect price is in now bullish trend and it can go more upside up to 132-134 level soon. 1. BUY LEAD(APR) MCX ABOVE 130 TGT 131.5/133.5 SL 128 2. SELL LEAD(APR) MCX BELOW 127 TGT 125.5/123 SL 129 WEEKLY PIVOTAL S1 126.43 S2 124.07 CLOSE 128.8 R1 130.13 R2 131.47 WEEKLY COMMODITY REPORT 21-APR TO 25-APR-2014
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