Epic research weekly commodity report 19 jan 2015
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The weekly commodity report for January 19-23, 2015, provides technical trading strategies for gold, silver, crude oil, and copper, highlighting resistance and support levels. Gold is expected to break its resistance at $1286, while silver shows an uptrend with support at $17.05. Crude oil struggled with resistance between 3175-3388 but has trading suggestions for buying above 3050 and selling below 2900.
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Epic research weekly commodity report 19 jan 2015
- 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(FEB) MCX DAILY CHART WEEKLY PIVOTAL S1 26976 S2 26299 CLOSE 27654 R1 28060 R2 28467 WEEKLY COMMODITY REPORT 19-23-JAN-2015 TRADING STRATEGY: During this week prices rose sharply upwards the contract gold futures for (Feb)delivery traded at resistance for Spot gold is at $ 1286 and bias remains weak as long as held below the same. . For the next week we expect gold prices to break the Resistance and close above this level than it Feb test new level of 27790.Support is now tacking around this rang in the range of $1255 levels. Trading consistently below 27500 levels would lead towards the strong support at 27300 levels. BUY GOLD (FEB) ABOVE 27650 TGTS 27800/27980 SL BELOW 27480 SELL GOLD (FEB) BELOW 27150 TGTS 26950/26800 SL ABOVE 27360
- 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (MAR) MCX DAILY CHART WEEKLY PIVOTAL S1 37478 S2 35896 CLOSE 39061 R1 40011 R2 40962 TRADING STRATEGY MCX Silver (Mar)as seen in the weekly chart above has opened the week at 37074 levels and prices made a high of 39380 levels. major movement in silver MCX last week. short term is up trend, MCX silver low @ 36847silver weekly support are now placed at $ 17.05,17.45 will act as strong resistances weekly upside to positive move be seen BUY SILVER (MAR) ABOVE 39100 TGTS 39600/40100 SL BELOW 38600 SELL SILVER (MAR) BELOW 38300 TGTS 37700/37000 SL ABOVE 38900 WEEKLY COMMODITY REPORT 19-23-JAN-2015
- 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (FEB) MCX DAILY CHART TRADING STRATEGY: MCX Crude oil February as seen in the weekly chart above has opened the week at 2971 levels and as expected during this week price could not able to breach the resistance zone of 3175-3388 levels and corrected towards the low of 2757 levels. BUY CRUDEOIL (FEB) ABOVE 3050 TGT 3250/3370 SL BELOW 2900 SELL CRUDEOIL (FEB) BELOW 2900 TGT 2790/2680 SL ABOVE 3010 WEEKLY PIVOTAL S1 2812 S2 2603 CLOSE 3021 R1 3175 R2 3329 WEEKLY COMMODITY REPORT 19-23-JAN-2015
- 5. COPPER (FEB) MCX DAILY CHART WEEKLY PIVOTAL S1 339.08 S2 319.22 CLOSE 358.95 R1 380.63 R2 402.32 WEEKLY COMMODITY REPORT 05-09-JAN-2015 TRADING STRATEGY: MCX COPPER traded with positive bias in the previous session, but failed to breach above recommended resistance of Rs.365,378 and closed at Rs.358 Supports are placed at Rs.352,345 whereas resistance is pegged at Rs.365. Sustainable breach above resistance will confirm positive move and could target Rs.370-385. Buying near supports is advisable. BUY COPPER (FEB) ABOVE 360 TGT 367/375 SL BELOW 353 SELL COPPER (FEB) BELOW 348 TGT 342/336 SL ABOVE 352 BASE METALS WEEKLY TECHNICAL LEVELS
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