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Weekly Commodity Report 01 to 05 Sep_2014 By Epic Research PVT.LTd Indore.pdf


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01-05 SEP-2014
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
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
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
01-05 SEP-2014

                                 BASE METALS WEEKLY TECHNICAL LEVELS
                                             COPPER (NOV) MCX DAILY CHART

                                                                                                 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

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