Weekly commodity-report 19 aug 2013
- 1. MCX COMMODITY WEEKLY 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: 19-August-2013
- 2. MCX Daily Newsletter (19-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 WEEKLY COMMODITY WRAP…..!!!!! Base metals LME base metals exhibited resilient impressive upside, as Macroeconomic developments from Europe and China Proved positive. China’s industrial production and retail sales witnessed impressive growth during July. In Europe, the region’s GDP was up by 0.3% in the second quarter, whereby the region’s greatest recession has eventually ended. Q2 GDP rise is followed by six quarters of consecutive declines. Improvement in economic activity is attributed to strong growth of 0.7% in Germany and 0.5% rise in France. Portugal grew by a 1.1% and recessionary conditions in Italy and Spain have moderated. On supply front, production cutbacks in Aluminum sector has become rampant with Alcoa announcing that it will be temporarily cutting production at a smelter in Brazil, while permanently shutting down part of its operations in Massena, New York. In Chile, workers have initiated a strike at Escondida copper mine, demanding improved working conditions and a bonus. We remain friendly towards base metals during the course of next few weeks as improving economic landscape on both the sides of the Atlantic should provide encouragement to the bulls. Precious metals Precious metals have witnessed a strong spell of buying this Week, with gold prices trading above the crucial resistance of US$1,365/oz and silver prices well above US$23/oz. Weakness in The greenback has provided lot of cushion to the precious pack. US dollar index is on the verge of scaling back below 81 levels. In Addition, speculation is rife that large funds categorically from the Middle East may have initiated out fresh long positions. Turbulent Situation in Egypt corroborates this perception. On demand side, China consumed 706.36 tons of gold in the first six months of 2013, up by enormous 54% on yoy basis. Meanwhile, World Gold Council reported that global demand hit a four-year low in the second quarter, in spite of a jump in jewellery buying. In India, prices remain elevated as the government has raised import duty on refined gold bars to 10%, up from 8% previously. Import duty on silver is hiked to 10%. This is the third duty increase in eight months.
- 3. MCX Daily Newsletter (19-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 WEEKLY ECONOMIC CALENDAR
- 4. MCX Daily Newsletter (19-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 MCX BULLIONS DAILY TECHNICAL LEVELS GOLD MCX HOURLY CANDLESTICK CHART TRADING STRATEGY: GOLD MCX has a bull run last week due to USD/INR and Import duty also has been increased. International markets are also in uptrend. Hence triple factors has taken GOLD MCX to higher levels. Keep A close watch on Currency Market movements. Immedaite Resistance @31185 and Support @30400 1. Sell GOLD MCX below 30300 TGT 30100/29900 SL 30500 2. Buy GOLD MCX Above 31200 TGT 31300/31500 SL 31000 SILVER MCX HOURLY CANDLESTICK CHART TRADING STRATEGY: SILVER MCX has also has strong bull Run last week due to USD/INR and Import duty also has been increased. International markets are also in uptrend. Hence triple factors has taken GOLD MCX to higher levels. Keep A close watch on Currency Market movements. Immedaite Resistance @52300 and Support @48350 1. BUY SILVER MCX around 48350 TGT 48900/49500 SL 47900 2. SELL SILVER MCX Below 47900 TGT 47500/47000 SL 48200
- 5. MCX Daily Newsletter (19-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 MCX BASE METALS DAILY TECHNICAL LEVELS COPPER MCX HOURLY CANDLESTICK CHART TRADING STRATEGY: COPPER is trading at all time highs in Indian Commodity markets. As Rupee V/s Dollar has reached 62.00 levels. Hence Taken whole base metal Pack to Higher levels. Any correction in Currency would lead to divergence of MCX commodities with International Markets Immediate Resistance @465 and Support @454 1. Sell COPPER MCX Below 452 TGT 445/440 SL 459 2. Buy COPPER MCX Above 468 TGT 475/482 SL 460 MCX BASE METALS DAILY TECHNICAL LEVELS CRUDEOIL MCX HOURLY CANDLESTICK CHART TRADING STRATEGY: CRUDEOIL MCX is in strong up trend in both International and Indian Markets. Any correction will be buying opportunity till any signs of reversal is seen. CRUDEOIL all time highs are 147$ in international Markets and has potential to touch higher highs. Immediate Resistance @--------- And Support @6500 1. Buy CRUDEOIL MCX above 6800 TGT 6850/6900 SL 6750 2. Sell CRUDEOIL MCX below 6520 TGT 6420/6320 SL 6620
- 6. MCX Daily Newsletter (19-August-2013) WWW.EPICRESEARCH.CO CALL: +917316642300 DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. CONTACT US: WWW.EPICRESEARCH.CO Epic Research Private Limited Corporate Office 411 Milinda Manor (Suites 409 - 417) 2 RNT MargOpp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 / 2427 / 2230 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639