WEEKLY COMMODITY REPORT14-JULY TO 18-JULY-2014

BULLIONS WEEKLY TECHNICAL LEVELS GOLD(AUG) MCX DAILY CHART

WEEKLY PIVOTAL

S1 27628

S2 26900

CLOSE 28356

R1 28836

R2 29316

WEEKLY COMMODITY REPORT14-JULY TO 18-JULY-2014

TRADING STRATEGY:

During this week prices rose sharply towards the contract high of 28589 levels and finally closed +799higher 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 thanit may test new level of 29000 . Support is now observed in the range of 27950-27750 levels. Trading consistently below 27950 levelswould lead towards the strong support at 27450 levels.

BUY GOLD (AUG) ABOVE 28526 TGTS 28850/29000 SL BELOW 28200SELL GOLD (AUG) BELOW 28200 TGTS 27930/27804 SL ABOVE 28415

BULLIONS WEEKLY TECHNICAL LEVELS

SILVER (JUL) MCX DAILY CHART

WEEKLY PIVOTAL

S1 44962

S2 43857

CLOSE 46068

R1 46786

R2 47505

TRADING STRATEGYMajor 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 45840SELL SILVER (SEP) BELOW 45600 TGTS 44965/44400 SL 46100

WEEKLY COMMODITY REPORT14-JULY TO 18-JULY-2014

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 6066SELL CRUDEOIL (JULY) BELOW 6030 TGT 5900/5840 SL ABOVE 6131

WEEKLY PIVOTAL

S1 5999

S2 5928

CLOSE 6070

R1 6197

R2 6324

WEEKLY COMMODITY REPORT14-JULY TO 18-JULY-2014

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 425SELL 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 REPORT14-JULY TO 18-JULY-2014

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