VIEWS: 13 PAGES: 6 CATEGORY: Financial Models POSTED ON: 8/31/2014
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WEEKLY COMMODITY REPORT 01-05 SEP-2014 WEEKLY COMMODITY REPORT 01-05 SEP-2014 BULLIONS WEEKLY TECHNICAL LEVELS GOLD(OCT) MCX DAILY CHART TRADING STRATEGY: WEEKLY PIVOTAL During this week prices rose sharply upwards the contract gold futures for Oct delivery traded at resistance for Spot gold is at $1314 and bias remains weak as long as held S1 27748 below the same. . S2 27500 For the next week we expect gold prices to break the Resistance and close above this level than it Oct test new level of 28400 .Support is now tacking around this rang in the CLOSE 27996 range of $1271 levels. Trading consistently below 27800 levels would lead towards the R1 28211 strong support at 27800 levels. R2 28426 BUY GOLD (OCT) ABOVE 28000 TGTS 28200/28391 SL BELOW 27850 SELL GOLD (OCT) BELOW 27800 TGTS 27510/27340 SL ABOVE 27946 WEEKLY COMMODITY REPORT 01-05 SEP-2014 BULLIONS WEEKLY TECHNICAL LEVELS SILVER (SEP) MCX DAILY CHART TRADING STRATEGY WEEKLY PIVOTAL No major movement in silver mcx last week. short term is up ,mcx silver high @ 42930 silver weekly support are now placed at $ 19.28 ,22.05 will act as strong resistances S1 41727 weekly sideways to positive move could be seen S2 41199 BUY SILVER (SEP) ABOVE 42300TGTS 43000/43600 SL 41700 CLOSE 42255 SELL SILVER (SEP) BELOW 41700 TGTS 41200/40700 SL 42400 R1 42856 R2 43457 WEEKLY COMMODITY REPORT 01-05 SEP-2014 ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (SEP) MCX DAILY CHART TRADING STRATEGY: WEEKLY PIVOTAL Some upside could be in Crude oil on back of short covering, but short term bias S1 5718 remains weak as long as 5950 is held on upside. Weekly support is at 5656 and sustained break below could target 5750. Selling on rise is advisable, but our view S2 5606 could negate if it breaches above 5750. CLOSE 5831 BUY CRUDEOIL (SEP) ABOVE 5850 TGT 5970/6090 SL BELOW 5750 R1 5890 SELL CRUDEOIL (SEP) BELOW 5650 TGT 5515/5400 SL ABOVE 5780 R2 5950 WEEKLY COMMODITY REPORT 01-05 SEP-2014 BASE METALS WEEKLY TECHNICAL LEVELS COPPER (NOV) MCX DAILY CHART TRADING STRATEGY: WEEKLY PIVOTAL MCX COPPER traded with positive bias in the previous session, but failed to breach above recommended resistance of Rs.432-435 and closed at Rs.429. Supports are S1 419.62 placed at Rs.422-420 whereas resistance is pegged at Rs.432. Sustainable breach S2 410.23 above resistance will confirm positive move and could target Rs.442-444. Buying near supports is advisable. CLOSE 429 R1 434.92 BUY COPPER (NOV) ABOVE 433 TGT 436/444 SL BELOW 427 SELL COPPER (NOV) BELOW 425 TGT 420/414 SL ABOVE 431 R2 440.83 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.
"Weekly Commodity Report 01 to 05 Sep_2014 By Epic Research PVT.LTd Indore.pdf"