TradeNivesh Commodity weekly report 4-April- 2016

COMMODITY WEEKLY REPORT

4-8 APRIL 2016

10/1, 1st Floor, Bharat Bhavan,Near Rani Sati Gate, Yashant Niwas Road

Indore-452001 (M.P.) India Mobile :+91-9039261444

E-mail: [email protected] Telephone :+91-731-698.3000

mailto:[email protected]

BULLIONS WEEKLY TECHNICAL LEVELS

FUNDAMENTAL VIEW:-

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

Friday as investors and speculators took a cautious approach ahead of March jobs data from the US which may dictate

the timing 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 estimated. A strong payrolls report may suggest a continued 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

Visit web: www.tradenivesh.com Call Us On : + 91-9039261444

Date: 4-8 APR 2016

BULLIONS WEEKLY TECHNICAL LEVELS

FUNDAMENTAL VIEW:-

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

domestic market on Friday as investors and speculators took a cautious approach ahead of March jobs data from the

US which may dictate the timing 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 estimated. 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 tightening 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


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 domestic market on

Friday as investors and speculators shunned the energy commodity on growing uncertainty over a potential 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 time. Saudi Arabia has said that it will only freeze production if Iran and other producers do so,

while Iran which recently returned to the fold after a lift-off of international sanctions is aiming to boost production to

pre sanction 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 domestic mar-

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

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

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

bettering 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


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 domestic market during noon trade on Thurs-

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

copper in the domestic spot market. Further, the maiden expansion in manufacturing activity in China, the world’s

biggest metals consuming nation, since July in March, lifted the demand outlook for the metal. The official 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 lifts Zinc :-Zinc futures rose in the domestic market during noon trade on Friday as investors

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

tic spot market. Further, business activity in Chicago rebounded into positive terrain in March, signaling a pickup in the

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

tivity 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 BREK

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

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



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 information 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 financial advice. Each recipi-

ent of this document should make such investigations as they deem necessary to arrive at an independent evaluation

of an investment in the securities 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 derivative analysis center on studying charts of a stock's price movement, outstanding

positions and trading volume. The information in this document has been printed on the basis of publicly available

information, 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-

mation contained in this report. Trade Nivesh has not independently verified all the information contained within this

document. Accordingly, we cannot testify, nor make any representation 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 information 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 information.


Date: 4-8 APR 2016

TradeNivesh Commodity weekly report 4-April- 2016

Economy & Finance

Transcript of TradeNivesh Commodity weekly report 4-April- 2016