Daily commodity-report 16 -08-2013

MCX COMMODITY DAILY REPORT

EPIC Research Report

This Report contains all the study and strategy required by trader to

trade on MCX commodities. Refer to the chart attracted in the Report

to take proper Trading Decision.

Research Analyst: Prateek Gupta

Date: 16-August-2013

MCX Daily Newsletter (16-August-2013)

WWW.EPICRESEARCH.CO CALL: +917316642300

COMMODITY WRAP…..!!!!!

Base metals LME base metals have stabilized, underpinned by reports of better trade numbers from China and improving economic activity in Europe. China’s exports grew 5.1% during July, recovering from June's 3.1% fall. Imports also showed a 10.9% jump. In Europe, Recessionary conditions seem to be mitigating, whereby Italy’s Q2 GDP contracted by meager 0.2% as compared with a decline of 0.6% during the prior period. Meanwhile, Germany’s factory orders during June grew at the highest rate since the past eight Months. The country’s Germany’s industrial production during June also rose 2.4% from May. On production front, Aluminum Producers have been facing margins pressure for a quite long Time on account of low metal prices. The global markets have been inundated with expanding surplus and rampant cutbacks during the next few months will not be a surprise. Base metals are expected to trade firm during next week, as macroeconomic developments from Europe and China has exhibited some positive signals. Reports of Chinese government planning to rationalize production should also provide an element of support. The regime has ordered various metal smelters to close outdated capacity by the end of September and dismantle

them by the end of this year.

Precious metals Precious metals reversed course, with gold prices once again receding below the psychological level of US$1,300/oz. Silver prices have also failed to sustain around US$20/oz. Positive macroeconomic numbers from US and Europe has prompted selling in the precious metals counter. In addition, escalating expectations of US Federal Reserve tapering the bond buying programme has weighed on the pack. In this respect, Fed Bank of Dallas President Richard Fisher stated that investors should not bank on the Fed to persist with its US$85bn monthly bond purchases for an indefinite period. In the latest, Charles Evans, president of the Chicago Fed has conveyed that US economic backdrop is improving, which should allow the Federal Reserve to scale down the pace of its asset purchases before this year end. Gold prices should remain confined within the price range of US$1,260-1,340/oz. Range bound trade will remain intact During the course of next few weeks until the market focus

Shifts back to Federal Reserve meeting in September.



WEEKLY ECONOMIC CALENDAR



MCX BULLIONS DAILY TECHNICAL LEVELS

GOLD MCX HOURLY CANDLESTICK CHART

TRADING STRATEGY: GOLD MCX is trading sideways and intermediate trend is up. Trading between range 28800-27200. USDINR is also USDINR trading near to all time highs so keep a close watch on currency movements before taking any long or short Position. Immedaite Resistance @29000 and Support @27700

1. Sell GOLD MCX Below 27650 TGT 27550/27450 SL 27750 2. Buy GOLD MCX Above 28920 TGT 29000/29100 SL 28820



MCX BULLIONS DAILY TECHNICAL LEVELS

SILVER MCX HOURLY CANDLESTICK CHART

TRADING STRATEGY: SILVER MCX is trading nearresistance levels in international markets and any breakout would be a good buying opportunity. Keep A close watch on USDINR movements while initiating any fresh position. Immediate Resistance @46700 and Support @45800

1. Sell SILVER MCX BeLow 45800 TGT 45500/45200 SL 46100 2. Buy SILVER MCX above 46700 TGT 47000/47300 SL 46400



MCX BASE METALS DAILY TECHNICAL LEVELS

COPPER MCX HOURLY CANDLESTICK CHART

TRADING STRATEGY: COPPER MCX is seen a bull run in international markets and is trading in uptrend. Can head towards higher levels. Any correction would be buying opportunity. Immediate Resistance @451 and Support @446

1. Sell COPPER MCX Below 445 TGT 442/438 SL 448 2. Buy COPPER MCX Above 451 TGT 454/459 SL 448



MCX ENERGY DAILY TECHNICAL LEVELS

CRUDEOIL MCX HOURLY CANDLESTICK CHART

TRADING STRATEGY: CRUDEOIL MCX has faced some correction last week trading near to support levels and if sustians above support levels it may be best buying opportunity. Immediate Resistance @6415 And Support @6190

1. Buy CRUDEOIL MCX above 6580 TGT 6620/6700 SL 6500 2. Sell CRUDEOIL MCX below 6450 TGT 6350/6250 SL 6500



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Daily commodity-report 16 -08-2013

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