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  • Metal and Energy Tech Report May 06

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    Angel Broking
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    This daily technical report provides the morning technical levels and recommendations for metals and energy commodities. For gold and crude oil, it recommends intraday buying strategies. For gold, it suggests buying the June MCX contract between 26800-26850 with a stop loss of 26700 and targets of 27020 and 27100. For crude oil, it recommends buying the May MCX contract between 510-5110 with a stop loss of 5070 and targets of 5180 and 5200.

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    6th May, 2013

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    This daily technical report provides the morning technical levels and recommendations for metals and energy commodities. For gold and crude oil, it recommends intraday buying strategies. For gold, it suggests buying the June MCX contract between 26800-26850 with a stop loss of 26700 and targets of 27020 and 27100. For crude oil, it recommends buying the May MCX contract between 510-5110 with a stop loss of 5070 and targets of 5180 and 5200.

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    8 views2 pages

    Metal and Energy Tech Report May 06

    Uploaded by

    Angel Broking
    This daily technical report provides the morning technical levels and recommendations for metals and energy commodities. For gold and crude oil, it recommends intraday buying strategies. For gold, it suggests buying the June MCX contract between 26800-26850 with a stop loss of 26700 and targets of 27020 and 27100. For crude oil, it recommends buying the May MCX contract between 510-5110 with a stop loss of 5070 and targets of 5180 and 5200.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    Commodities Daily Technical Report

    yt
    Monday | May 06, 2013

    Content
    Morning Technical Levels Strategy/Recommendations

    Anuj Gupta Sr. Technical Analyst Anuj.gupta@angelbroking.com (022) 29212000 Extn. 6137

    Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

    Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from Angel Commodities Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

    www.angelcommodities.com

    Commodities Daily Technical Report


    yt
    Monday | May 06, 2013

    Morning Technical Levels for Metals and Energy


    Commodity Bullions
    Gold Spot Gold Silver Spot Silver Base Metals LME Copper Copper Zinc Lead Aluminium Nickel Energy Crude Oil Crude Oil Brent Crude Oil Brent Crude Oil Natural Gas MCX NYMEX MCX NYMEX MCX May June May June May UP UP UP UP Sideways 5070 95.10 5550 103.60 213 5110 95.90 5590 104.40 216 5143 96.50 5624 104.98 218.7 5180 97.20 5660 105.70 221 5220 97.90 5700 106.40 224 MCX MCX MCX MCX MCX June May May May May Up Up Up Up Up 386 98.80 107.50 98.50 794 390 99.80 108.50 99.50 804 394.55 100.75 109.55 100.55 814.70 399 101.50 110.50 101.50 824 403 102.50 111.50 102.50 832 MCX July

    Exchange
    MCX

    Contract
    June

    Trend
    Sideways Up Sideways Up

    S2
    26700 1462 44400 23.80

    S1
    26850 1470 44800 24.00

    LTP
    26962 1476 45177 24.23

    R1
    27100 1484 45400 24.35

    R2
    27250 1492 45900 24.60

    Recommendations
    Gold MCX June Contract Crude Oil MCX May Contract

    Intraday Strategy: Buy MCX June Gold between 26800 - 26850, SL26700, Target 27020 / 27100

    Intraday Strategy: Buy MCX May Crude Oil between 510 5110, SL 5070, Target 5180 / 5200

    www.angelcommodities.com

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