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WEEKLY COMMODITY REPORT
05-MAY TO 09-MAY-2014
BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(JUN) MCX 4 HOURLY CHART
TRADING STRATEGY:
In previous week prices could not able sustain on higher levels and in mid of the week prices
corrected towards the low of 28,420 levels. In the end of the week as expected prices bounced from
the support levels towards 28,889 levels and finally closed 0.12% lower at 28,871 levels. As per the
candlestick pattern prices has formed “Hammer candlestick pattern” which is the sign of optimism.
For the next week we expect gold prices to find support in the range of 28,250 – 28,200 levels.
Trading consistently below 28,200 levels would lead towards the strong support at 27,800 levels and
then finally towards the major support at 27,200 levels.
1 BUY GOLD ABOVE 28950 TG: 29100, 29300 SL: 28750
2 SELL GOLD BELOW 28350 TG: 28100, 27900 SL: 28550
WEEKLY PIVOTAL
S1 28521
S2 28170
CLOSE 28871
R1 29121
R2 29370
WEEKLY COMMODITY REPORT
05-MAY TO 09-MAY-2014
BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (JUL) MCX 4 HOURLY CHART
TRADING STRATEGY:
During this week prices corrected sharply towards the low of 41,200 levels. At end of the week as
expected prices bounced from the support levels towards 42,768 levels and finally closed 1.79% lower
at 42,540 levels. During this week prices have closed below previous week’s closing of 43,315 levels
and as per candlestick pattern it formed a “Bearish candlestick” which is the indication of bearish
activity. For the next week we expect silver prices to find support in the range of 41,200 – 41,000
levels. Trading consistently below 41,000 levels would lead towards the strong support at 40,000
levels and then finally towards the major support at 39,000 levels.
1 BUY SILVER ABOVE 42300 TG: 42600, 43000 SL: 41900
2 SELL SILVER BELOW 41400 TG: 41000, 40500 SL: 41800
WEEKLY PIVOTAL
S1 41342
S2 40143
CLOSE 42083
R1 43597
R2 44653
WEEKLY COMMODITY REPORT
05-MAY TO 09-MAY-2014
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (MAY) MCX 4 HOURLY CHART
TRADING STRATEGY:
As expected prices could not able to sustain on higher levels and corrected back towards 5,962
levels. During this week price are able to close below the previous week’s closing of 6,131 levels
and finally closed 1.97% lower on 6,010 levels. As per candlestick formation it formed a big
“Bearish candlestick” pattern which indicates pessimistic trend for coming trading days.
For the next week we expect Crude oil prices to find support in the range of 5,920 – 5,900 levels.
Trading consistently below 5,900 levels would lead towards the strong support at 5,780 levels.
1 SELL CRUDE OIL BELOW 5950 TG: 5850, 5750 SL: 6050
2 BUY CRUDE OIL ABOVE 6100 TG: 6200, 6300 SL: 6000
WEEKLY PIVOTAL
S1 5920
S2 5830
CLOSE 6010
R1 6142
R2 6274
WEEKLY COMMODITY REPORT
05-MAY TO 09-MAY-2014
ENERGY WEEKLY TECHNICAL LEVELS
NATURAL GAS (MAY) MCX 4 HOURLY CHART
TRADING STRATEGY:
During last week as expected prices could not able to sustain on the higher levels and
corrected back towards the weekly low of 282.10 levels. In the week prices are able to close
below the previous week’s closing of 285.10 levels and finally closed 0.98% lower on 282.30
levels and formed “Inverted Hammer candlestick” pattern which indicates the bearish trend.
1 SELL NATURAL GAS BELOW 279.00 TG: 272, 265 SL: 285
2 BUY NATURAL GAS ABOVE 293.00 TG: 299, 305 SL: 286
WEEKLY PIVOTAL
S1 278.43
S2 274.57
CLOSE 282.3
R1 289.83
R2 297.37
WEEKLY COMMODITY REPORT
05-MAY TO 09-MAY-2014
BASE METALS WEEKLY TECHNICAL LEVELS
COPPER (JUN) MCX 4 HOURLY CHART
TRADING STRATEGY:
During last week prices corrected sharply towards the low of 405.55 levels and at the end of the
week prices bounced back from near to the support of 405 levels and finally closed 1.90% lower
on 411.55 levels. During this week prices have closed below previous week’s closing of 419.50
levels and as per candlestick it formed a “Bearish candlestick” pattern which indicates
bearishness.
1. BUY COPPER MCX ABOVE 425 TGT 433/443 SL 415
2. SELL COPPER MCX BELOW 405 TGT 397/387 SL 415
WEEKLY PIVOTAL
S1 404
S2 396.45
CLOSE 411.55
R1 420.65
R2 429.75
WEEKLY COMMODITY REPORT
05-MAY TO 09-MAY-2014
BASE METALS WEEKLY TECHNICAL LEVELS
LEAD (MAY) MCX 4 HOURLY CHART
TRADING STRATEGY:
1. BUY LEA(MAY) MCX ABOVE 128 TGT 129.5/131.5 SL 126
2. SELL LEAD(MAY) MCX BELOW 125 TGT 123.5/121.5 SL 127.50
WEEKLY PIVOTAL
S1 123.53
S2 121.07
CLOSE 126
R1 129.83
R2 133.67
WEEKLY COMMODITY REPORT
05-MAY TO 09-MAY-2014
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Weekly commodity market report 05 may -2014 by epic research

  • 2. BULLIONS WEEKLY TECHNICAL LEVELS GOLD(JUN) MCX 4 HOURLY CHART TRADING STRATEGY: In previous week prices could not able sustain on higher levels and in mid of the week prices corrected towards the low of 28,420 levels. In the end of the week as expected prices bounced from the support levels towards 28,889 levels and finally closed 0.12% lower at 28,871 levels. As per the candlestick pattern prices has formed “Hammer candlestick pattern” which is the sign of optimism. For the next week we expect gold prices to find support in the range of 28,250 – 28,200 levels. Trading consistently below 28,200 levels would lead towards the strong support at 27,800 levels and then finally towards the major support at 27,200 levels. 1 BUY GOLD ABOVE 28950 TG: 29100, 29300 SL: 28750 2 SELL GOLD BELOW 28350 TG: 28100, 27900 SL: 28550 WEEKLY PIVOTAL S1 28521 S2 28170 CLOSE 28871 R1 29121 R2 29370 WEEKLY COMMODITY REPORT 05-MAY TO 09-MAY-2014
  • 3. BULLIONS WEEKLY TECHNICAL LEVELS SILVER (JUL) MCX 4 HOURLY CHART TRADING STRATEGY: During this week prices corrected sharply towards the low of 41,200 levels. At end of the week as expected prices bounced from the support levels towards 42,768 levels and finally closed 1.79% lower at 42,540 levels. During this week prices have closed below previous week’s closing of 43,315 levels and as per candlestick pattern it formed a “Bearish candlestick” which is the indication of bearish activity. For the next week we expect silver prices to find support in the range of 41,200 – 41,000 levels. Trading consistently below 41,000 levels would lead towards the strong support at 40,000 levels and then finally towards the major support at 39,000 levels. 1 BUY SILVER ABOVE 42300 TG: 42600, 43000 SL: 41900 2 SELL SILVER BELOW 41400 TG: 41000, 40500 SL: 41800 WEEKLY PIVOTAL S1 41342 S2 40143 CLOSE 42083 R1 43597 R2 44653 WEEKLY COMMODITY REPORT 05-MAY TO 09-MAY-2014
  • 4. ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: As expected prices could not able to sustain on higher levels and corrected back towards 5,962 levels. During this week price are able to close below the previous week’s closing of 6,131 levels and finally closed 1.97% lower on 6,010 levels. As per candlestick formation it formed a big “Bearish candlestick” pattern which indicates pessimistic trend for coming trading days. For the next week we expect Crude oil prices to find support in the range of 5,920 – 5,900 levels. Trading consistently below 5,900 levels would lead towards the strong support at 5,780 levels. 1 SELL CRUDE OIL BELOW 5950 TG: 5850, 5750 SL: 6050 2 BUY CRUDE OIL ABOVE 6100 TG: 6200, 6300 SL: 6000 WEEKLY PIVOTAL S1 5920 S2 5830 CLOSE 6010 R1 6142 R2 6274 WEEKLY COMMODITY REPORT 05-MAY TO 09-MAY-2014
  • 5. ENERGY WEEKLY TECHNICAL LEVELS NATURAL GAS (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: During last week as expected prices could not able to sustain on the higher levels and corrected back towards the weekly low of 282.10 levels. In the week prices are able to close below the previous week’s closing of 285.10 levels and finally closed 0.98% lower on 282.30 levels and formed “Inverted Hammer candlestick” pattern which indicates the bearish trend. 1 SELL NATURAL GAS BELOW 279.00 TG: 272, 265 SL: 285 2 BUY NATURAL GAS ABOVE 293.00 TG: 299, 305 SL: 286 WEEKLY PIVOTAL S1 278.43 S2 274.57 CLOSE 282.3 R1 289.83 R2 297.37 WEEKLY COMMODITY REPORT 05-MAY TO 09-MAY-2014
  • 6. BASE METALS WEEKLY TECHNICAL LEVELS COPPER (JUN) MCX 4 HOURLY CHART TRADING STRATEGY: During last week prices corrected sharply towards the low of 405.55 levels and at the end of the week prices bounced back from near to the support of 405 levels and finally closed 1.90% lower on 411.55 levels. During this week prices have closed below previous week’s closing of 419.50 levels and as per candlestick it formed a “Bearish candlestick” pattern which indicates bearishness. 1. BUY COPPER MCX ABOVE 425 TGT 433/443 SL 415 2. SELL COPPER MCX BELOW 405 TGT 397/387 SL 415 WEEKLY PIVOTAL S1 404 S2 396.45 CLOSE 411.55 R1 420.65 R2 429.75 WEEKLY COMMODITY REPORT 05-MAY TO 09-MAY-2014
  • 7. BASE METALS WEEKLY TECHNICAL LEVELS LEAD (MAY) MCX 4 HOURLY CHART TRADING STRATEGY: 1. BUY LEA(MAY) MCX ABOVE 128 TGT 129.5/131.5 SL 126 2. SELL LEAD(MAY) MCX BELOW 125 TGT 123.5/121.5 SL 127.50 WEEKLY PIVOTAL S1 123.53 S2 121.07 CLOSE 126 R1 129.83 R2 133.67 WEEKLY COMMODITY REPORT 05-MAY TO 09-MAY-2014
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