Weekly commodity-report 14-18 july by epic research pvt.ltd indore
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The weekly commodity report from July 14 to July 18, 2014, provides technical analysis and trading strategies for gold, silver, crude oil, and copper, highlighting upward trends and key resistance levels. For gold, a potential buy point is above 28526, while silver shows promise above 46370. The report includes disclaimers about the reliability of the information and advises investors to make independent evaluations or seek professional financial advice.
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Weekly commodity-report 14-18 july by epic research pvt.ltd indore
- 1. WEEKLY COMMODITY REPORT 14-JULY TO 18-JULY-2014
- 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(AUG) MCX DAILY CHART WEEKLY PIVOTAL S1 27628 S2 26900 CLOSE 28356 R1 28836 R2 29316 WEEKLY COMMODITY REPORT 14-JULY TO 18-JULY-2014 TRADING STRATEGY: During this week prices rose sharply towards the contract high of 28589 levels and finally closed +799 higher at 27557 levels. As per the candlestick pattern prices has formed “ Bullish candlestick pattern” which is the sign of uptrend. For the next week we expect gold prices to break the resistance 28660. and close above this level than it may test new level of 29000 . Support is now observed in the range of 27950-27750 levels. Trading consistently below 27950 levels would lead towards the strong support at 27450 levels. BUY GOLD (AUG) ABOVE 28526 TGTS 28850/29000 SL BELOW 28200 SELL GOLD (AUG) BELOW 28200 TGTS 27930/27804 SL ABOVE 28415
- 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (JUL) MCX DAILY CHART WEEKLY PIVOTAL S1 44962 S2 43857 CLOSE 46068 R1 46786 R2 47505 TRADING STRATEGY Major movement in SILVER MCX last week . Short term trend is up, SILVER MCX CLOSED @46023. Silver Recover from bottom @ 44576, may go upside till 47100 .for keep a close eye on US deta, Volalitity may Rule the overall market due to USD/INR MOVEMENTS BUY SILVER (SEP) ABOVE 46370 TGTS 46945/47400 SL 45840 SELL SILVER (SEP) BELOW 45600 TGTS 44965/44400 SL 46100 WEEKLY COMMODITY REPORT 14-JULY TO 18-JULY-2014
- 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (JUL) MCX DAILY CHART TRADING STRATEGY: Crude oil traded at a one-month low amid signs Libyan oil exports will rebound. West Texas Intermediate also fell to the lowest in a month before oil inventory data. Crude futures dropped on Friday as investors continued to unwind positions that priced in conflict- related supply disruptions in Libya and Iraq that never materialized. BUY CRUDEOIL (JULY) ABOVE 6180 TGT 6260/6355 SL BELOW 6066 SELL CRUDEOIL (JULY) BELOW 6030 TGT 5900/5840 SL ABOVE 6131 WEEKLY PIVOTAL S1 5999 S2 5928 CLOSE 6070 R1 6197 R2 6324 WEEKLY COMMODITY REPORT 14-JULY TO 18-JULY-2014
- 5. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (JUN) MCX DAILY CHART TRADING STRATEGY: Copper futures swung between small gains and losses on Friday, after data showed that China’s exports rose less than expected in June. BUY COPPER (AUG) ABOVE 438 TGT 445/455 SL BELOW 425 SELL COPPER (AUG) BELOW 425 TGT 415/405 SL ABOVE 438 WEEKLY PIVOTAL S1 431.98 S2 427.42 CLOSE 436.55 R1 439.63 R2 442.72 WEEKLY COMMODITY REPORT 14-JULY TO 18-JULY-2014
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