Commodity Weekly Report 4-8 April

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COMMODITY WEEKLY REPORT

4-8 APRIL 2016

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BULLIONS WEEKLY TECHNICAL LEVELS

FUNDAMENTAL VIEW:-

Gold lower posts as cau on ahead of jobs data :-The yellow metal fell during evening trade in the domes c market on

Friday as investors and speculators took a cau ous approach ahead of March jobs data from the US which may dictatethe ming of the US Federal Reserve’s next interest rate hike. The US economy may have added 205,000 jobs in March,

down from 242,000 in February, analysts es mated. A strong payrolls report may suggest a con nued recovery in the

US labour market, keeping the door open for a rate hike in the next few months.

TECHNICAL VIEW:-

For the next week, Gold APRIL contract may break support of 28500 levels. And strong support in range of 28252 to

27910 levels. Resistances are in the range of 28850 -28900 levels. Above 28900 the next resistance is at 29100 levels .

TRADING STRATEGY:-

BUY GOLD ON DIPS 27800 -27850 TGT 28540,29050 SL BELOW 27450 SELL GOLD ON RISE 28540-28500 TGT 28100,27850 SL ABOVE 28880

WEEKLY SUPPORT AND RESISTANCE :-

SYMBOL R3 R2 R1 PV S1 S2 S3 GOLD 30000 29130 28570 28270 27700 27400 26550

GOLD(APRIL) MCX ON DAILY CHART

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Date: 4-8 APR 2016



BULLIONS WEEKLY TECHNICAL LEVELS

FUNDAMENTAL VIEW:-

Silver posts mild losses on cau on ahead of jobs data : -Silver futures were trading lower during noon trade in the

domes c market on Friday as investors and speculators took a cau ous approach ahead of March jobs data from the

US which may dictate the ming of the US Federal Reserve’s next interest rate hike. The US economy may have added

205,000 jobs in March, down from 242,000 in February, analysts es mated. A rise in jobless claims last week to the

highest level in two months signaled a cooling US labour market recovery, further bolstering the case for the Fed to

refrain from rate ghtening at its upcoming policy meet this month.

TECHNICAL VIEW:-

MCX SILVER may trade in range of 34900 -36950 level in this week . It may hold strong support t at the level of

34900 .Than it may see one bounce back up to 36900 and 37500 level.

TRADING STRATEGY:-

BUY SILVER ON DIPS 34850 AROUND TGT 35570,37050 SL BELOW 34370

SELL SILVER ON RISE 36270-36300 TGT 35670,34850 SL ABOVE 37050


SILVER(MAY) MCX ON DAILY CHART


Date: 4-8 APR 2016

SYMBOL R3 R2 R1 PV S1 S2 S3

SILVER 39020 37540 36700 36050 35200 34570 33100



ENERGY WEEKLY TECHNICAL LEVELS

FUNDAMENTAL VIEW:

Bears grip Oil on output freeze doubts: - Crude oil futures plunged during evening trade in the domes c market on

Friday as investors and speculators shunned the energy commodity on growing uncertainty over a poten al output

freeze by major oil producers which will meet at Doha on April 17, leaving the risk of the market remaining oversup-

plied for quite some me. Saudi Arabia has said that it will only freeze produc on if Iran and other producers do so,while Iran which recently returned to the fold a er a li -o of interna onal sanc ons is aiming to boost produc on to

pre sanc on levels.

TECHNICAL VIEW:-

Crude Oil APRIL contract strong support at 2400 levels .if it may break below this levels than next support will be at

2200 levels. Resistances are at 2710 levels & above it at 2800 levels .

TRADING STRATEGY:-

BUY CRUDE OIL ON DIPS 2400 -2420 TGT 2570,2700 SL BELOW 2300

SELL CRUDE OIL ON RISE 2600 AROUND TGT 2450,2300 SL ABOVE 2730

WEEKLY SUPPORT AND RESISTANCE


CRUDE OIL 3010 2775 2615 2535 2375 2295 2055

CRUDE OIL(APRIL) MCX ON DAILY CHART


Date: 4-8 APR 2016



ENERGY WEEKLY TECHNICAL LEVELS

FUNDAMENTAL VIEW:-

Natural Gas futures script handsome rebound: - U.S. natNatural Gas advanced during noon trade in the domes c mar-

ket on Friday as the sharp losses in the energy commodity on Thursday when prices tanked over 2 per cent o ered a

good bargain buying opportunity in the fuel, to investors and speculators, at exis ng levels. The EIA reported that US

gas supplies fell by 25 billion cubic feet last week, which was in line with expecta ons and the ve -year average, and

be ering the 10 billion cubic feet decline a year ago.

TECHNICAL VIEW:-

NATURAL GAS MAY BE HOLD STRONG SUPPORT ON LEVEL OF 124-123 AROUND & SO IT MAY BE GO UP THIS

WEEK UP TO 138.

TRADING STRATEGY:-

BUY NGAS ON DIPS 123 TGT 130,140 SL BELOW 115

WEEKLY SUPPORT AND RESISTANCE

SYMBOL R3 R2 R1 PV S1 S2 S3 NATURALGAS 161.50 144.50 137 127 119.50 110 92

NATURAL GAS(APRIL) MCX ON DAILY CHART


Date: 4-8 APR 2016



BASE METALS WEEKLY TECHNICAL LEVELS

FUNDAMENTAL VIEW:-

China factory rebound buoys Copper : - Copper futures climbed in the domes c market during noon trade on Thurs-

day as investors and speculators booked fresh posi ons in the industrial metal amid a pickup in physical demand for

copper in the domes c spot market. Further, the maiden expansion in manufacturing ac vity in China, the world’s

biggest metals consuming na on, since July in March, li ed the demand outlook for the metal. The o cial China fac-tory gauge rose to 50.2 in March from 49 in February, above the neutral 50 -mark.

TECHNICAL VIEW:-

MCX Copper last week showed bearish movement and it may break the level of 307 than touch next level of 302 On

the other hand maintaining above327 again pull it towards major resistance level of 335

TRADING STRATEGY:-

BUY COPPER IN A RANGE OF 313-314 TGT 325,343 SL BELOW 302

SELL COPPER ON RISE BELOW 325-324 TGT 315,300 SL ABOVE 345



COPPER 355.50 339.50 329 323 312 307 290.50

COPPER(APRIL) MCX ON DAILY CHART


Date: 4-8 APR 2016



BASE METALS WEEKLY TECHNICAL LEVELS

FUNDAMENTAL VIEW:-

Firm physical demand li s Zinc : -Zinc futures rose in the domes c market during noon trade on Friday as investors

and speculators booked fresh posi ons in the industrial metal amid a pickup in physical demand for zinc in the domes-

c spot market. Further, business ac vity in Chicago rebounded into posi ve terrain in March, signaling a pickup in the

recovery in the world’s biggest economy, li ing the demand outlook for the metal. The gauge measuring business ac-

vity in the Chicago area rose to 53.6 in March from 47.6 in February, with a reading above 50 signaling expansion

TECHNICAL VIEW:-

ZINC (APR) HAVE GIVEN RESISTANCE LEVEL 123.50 AND CLOSED THIS LEVEL . IT MAY BE TRADE UPSIDE 126 . IF BR

THIS LEVEL THAN WE MAY SEE RESH STRONG BUY TREND ON DAILY & WEEKLY CHART. ACCORDING TO LEVEL IT

HOLD SUPPORT LEVEL .

TRADING STRATEGY:-

BUY ZINC (APRIL) 126-127 TGT 129,135 SL BELOW 124.50

SELL ON RISE BELOW 124- TGT 121,117 SL ABOVE 126


SYMBOL R3 R2 R1 PV S1 S2 S3 ALUMINIUM 110.50 106 104 101 99 96 91.50

ZINC(APRIL) MCX ON DAILY CHART


Date: 4-8 APR 2016



ECONOMY DATA NEXT WEEK


Date: 4-8 APR 2016



DISCLAIMER

This document is solely for the personal informa on of the recipient, and must not be singularly used as the basis of

any investment decision. Nothing in this document should be construed as investment or nancial advice. Each recipi-

ent of this document should make such inves ga ons as they deem necessary to arrive at an independent evalua on

of an investment in the securi es of the companies referred to in this document including the merits and risks in-

volved, and should consult their own advisors to determine the merits and risks of such an investment.

Reports based on technical and deriva ve analysis center on studying charts of a stock's price movement, outstanding

posi ons and trading volume. The informa on in this document has been printed on the basis of publicly available

informa on, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or

complete and it should not be relied on as such, as this document is for general guidance only. Trade Nivesh shall not

be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the infor-

ma on contained in this report. Trade Nivesh has not independently veri ed all the informa on contained within this

document. Accordingly, we cannot tes fy, nor make any representa on or warranty, express or implied, to the accu-

racy, contents or data contained within this document. While Trade Nivesh endeavors to update on a reasonable basis

the informa on discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from

doing so.

Investment in equity & Commodity market has its own risks. We Trade Nivesh shall not be liable or responsible for any

loss or damage that may arise from the use of this informa on.


Date: 4-8 APR 2016

Commodity Weekly Report 4-8 April

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