Weekly commodity-report 6 may

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MCX Weekly Newsletter (06 May 2013 to 11 May 2013) 1 | Page WWW.EPICRESEARCH.CO CALL: +919752199966 MCX Commodity Weekly Report!!! 06 th May-2013 to 11 th May-2013

Transcript of Weekly commodity-report 6 may

Page 1: Weekly commodity-report 6 may

MCX Weekly Newsletter (06 May 2013 to 11 May 2013)

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MCX Commodity Weekly Report!!!

06thMay-2013 to 11thMay-2013

Page 2: Weekly commodity-report 6 may

MCX Weekly Newsletter (06 May 2013 to 11 May 2013)

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WEEK’S IMPORTANT ECONOMIC EVENTS

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MCX Weekly Newsletter (06 May 2013 to 11 May 2013)

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MCX BULLIONS TECHNICAL LEVELS

GOLD MCX WEEKLY CHART& LEVELS WEEKLY CHART – MCX GOLD

JUSTIFICATION

SUPPORT: Immediate Strong Support @26060 and Strong Support @25215 RESISTANCE: Immediate Resistance @ 27455 and Next Major Resistances @27900 Trading Strategy: GOLD MCX has bounced backed after a huge correction and another correction looks overdue. Hence Sell GOLD MCX on Rise around Resistance levels @26450-27500 with SL @27900 for Target @26050 and @25300

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MCX BULLIONS TECHNICAL LEVELS

SILVER MCX WEEKLY CHATS & LEVELS WEEKLY CHART – MCX SILVER

JUSTIFICATION

SUPPORT: Immediate weekly Support 42315 RESISTANCE: Immediate weekly Resistance @45810 and Next Major Resistance @48350 Trading Strategy: Silver MCX has also bounced after correction and may face a sell off from higher levels around @45800. If SILVER MCX trades near to 45800, one should initiate a short position with Small Stop loss @ 46300 and Target @43500 and @42300

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MCX ENERGY TECHNICAL LEVELS

CRUDEOIL MCX WEEKLY CHATS & LEVELS WEEKLY CHART – MCX CRUDEOIL

JUSTIFICATION

SUPPORT: Next Major Support @4950 RESISTANCE: Immediate Resistance @5270 Trading Strategy: Crude Oil MCX is trading in a range between 4700 to 5500. Hence Sell on Rise and Buy on dips will be better strategy to trade on crude MCX. On the upside crude Faces Resistance @5210 - @5275 - @5425. Strong Support lies @4950.

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MCX Weekly Newsletter (06 May 2013 to 11 May 2013)

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MCX ENERGY TECHNICAL LEVELS

NATURAL GAS MCX WEEKLY CHATS & LEVELS WEEKLY CHART – MCX NATURAL GAS

JUSTIFICATION

SUPPORT: Immediate Support @217.50 and Next Major Support @210 & @195 RESISTANCE: Major Resistance @238.50 Trading Strategy: Natural Gas MCX immediate support @217.50 and if trades below 217 can head towards lower levels @210 and 190. Positional Traders can initiate short Position below 210 for the target @195 and SL @218

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MCX METALS TECHNICAL LEVELS

NICKEL MCX WEEKLY CHATS & LEVELS WEEKLY CHART – MCX NICKEL

JUSTIFICATION

SUPPORT: Immediate Support @795 and Next Major Support @730 RESISTANCE: Immediate Major Resistance @845 Trading Strategy: NICKEL MCX has immediate resistance @845 and may see sell off from 845 levels. Hence lies selling opportunity from higher levels @845-840 for target @800 and @730 keep Stop loss @870

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MCX METALS TECHNICAL LEVELS

COPPER MCX WEEKLY CHATS & LEVELS WEEKLY CHART – MCX COPPER

JUSTIFICATION

SUPPORT: Immediate Support @376 and @365 RESISTANCE: Immediate Resistance @397 and Next Strong Resistance @412.5 Trading Strategy: COPPER MCX bounced from lower levels sharply and if trades above 397 may head towards 412. And If fails to break 397 on closing basis may again head towards support Levels @376 and @365.

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MCX BASE METALS TECHNICAL LEVELS

LEAD COMEX WEEKLY CHATS & LEVELS WEEKLY CHART – MCX LEAD

JUSTIFICATION

SUPPORT: Immediate Strong Support @106.50 and Next Major Support @99 RESISTANCE: Resistance @114.30 Trading Strategy: LEAD COMEX is trading near to strong support levels @106.50 and if Closes below 106.50 may sell huge correction till 99. And if trades above 110.50 may head towards Resistance level @114.30 Hence buy above 110.50 for TGT 114.30 with stop loss @108.50

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MCX BASE METALS TECHNICAL LEVELS

ZINC COMEX WEEKLY CHATS & LEVELS WEEKLY CHART – MCX ZINC

JUSTIFICATION

SUPPORT: Major Support @97.35 and @96.60 RESISTANCE: Immediate Resistance @102.50 and @103.50

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MCX BASE METALS TECHNICAL LEVELS

ALUMINIUM COMEX WEEKLY CHATS & LEVELS WEEKLY CHART – MCX ALUMINIUM

JUSTIFICATION

SUPPORT: Immediate Strong Support @96.70 RESISTANCE: Immediate Resistance @102

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