Commodities Weekly Technical Report

15.04.2013 to 19.04.2013

Content
Weekly Technical Levels Strategy/Recommendations

Prepared by
Samson Pasam Sr. Technical Analyst Samsonp@angelbroking.com (040) 30932632

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

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Commodities Weekly Technical Report

15.04.2013 to 19.04.2013

MCX GOLD JUNE (CMP 27,884 / $ 1480.30)

MCX Gold June as seen in the weekly chart above has opened at 29,701 levels, initially made a high of 29,751 and then fell sharply lower, breaking all the key supports towards 27,680 levels and finally closed sharply lower from the previous weeks closing levels. For the next week we expect gold prices to find very strong Support in the range of 27,140 27,040 levels. Multiple closing below 27,040 levels would open the door for an extended decline initially towards 26,450 levels, and then finally towards the major support at 25,950 levels. Resistance is now observed in the range of 28,440-28,500 levels. Trading consistently above 28,500 levels would lead towards the strong resistance at 29,190 levels, and then finally towards the Major resistance at 30,500 levels.

MCX / Spot Gold Trading levels for the week Trend: Down S1-27,140/ $ 1443 S2-26,450 / $ 1406 R1-28,440 / $ 1517 R2-29,190 / $ 1553

Recommendation: Sell MCX Gold June between 28,400-28,450, SL-29,025, Target -27,250.

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Commodities Weekly Technical Report

15.04.2013 to 19.04.2013

MCX SILVER MAY (CMP 48,845 / $ 25.85)

MCX Silver May as seen in the weekly chart above has opened at 51,520 levels initially moved sharply higher, but found good resistance at 52,447 levels. Later prices fell sharply breaking all the key supports towards 48,550 levels and finally closed sharply lower from the previous weeks closing levels. For the next week we expect Silver prices to find support in the range of 47,450-47,350 levels. Trading consistently below 47,300 levels would lead towards the strong support at 46,200 levels and then finally towards the major support at 45,560 levels. Resistance is now observed in the range of 49,900-49,970 levels. Trading consistently above 50,000 levels would lead towards the strong resistance at 51,330 levels, and then finally towards the major Resistance at 53,830 levels.

MCX / Spot Silver Trading levels for the week

Trend: Down S1-47,450 / $ 25.04 S2-46,200 / $ 24.25 R1-49,940 / $ 26.55 R2-51,330 / $ 27.36

Recommendation: Sell MCX Silver May Between 49,700-49,750, SL-50,501, Target -47,500/46,400 OR Buy MCX Silver May between 46,200-46,100, SL-45,400, Target -49,000

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Commodities Weekly Technical Report

15.04.2013 to 19.04.2013

MCX COPPER APRIL (CMP - 404/ $7428)

MCX Copper April as seen in the weekly chart above has opened at 408.25 levels initially moved sharply higher, but found good resistance at 415.50 levels. Later prices fell sharply towards 402 levels and finally closed sharply lower from the previous weeks closing levels. For the next week we expect Copper prices to find support in the range of 399-397 levels. Trading consistently below 396 levels would lead towards the strong support at 393 levels and then finally towards the major support at 387 levels. Resistance is now observed in the range of 412-413 levels. Trading consistently above 414 levels would lead towards the strong resistance at 420.50 levels and then finally towards the major resistance at 432 levels. MCX / LME Copper Trading levels for the week Trend: Down S1 399/ $7320 S2 393 / $7215 R1 412.30/$7591 R2 420.70/$7753

Recommendation: Sell MCX Copper April between 408-410, SL-416.20, Target -399 OR Buy MCX Copper April between 399-397, SL-392, Target -408

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Commodities Weekly Technical Report

15.04.2013 to 19.04.2013

MCX CRUDE APRIL (CMP 4973 / $ 90.66)

MCX Crude April as seen in the weekly chart above has opened at 5110 levels initially moved higher, but found very good resistance at 5149 levels. Later prices fell sharply towards 4941 levels and finally closed sharply lower from the previous weeks closing levels. For the next week we expect Crude prices to find support at 4895-4880 levels. Trading consistently below 4880 levels would lead towards the strong support at 4813 levels and then finally towards the major support at 4758 levels. Resistance is now observed in the range of 5020-5035 levels. Trading consistently above 5040 levels would lead towards the strong resistance at 5103 levels, and then finally towards the Major resistance at 5230 levels. MCX / NYMEX Crude Oil Trading levels for the week Trend: Down S1- 4893 / $ 89.10 S2-4813 / $ 87.35 R1-5103 / $ 91.95 R2-5230 / $ 93.60

Recommendation: Sell MCX Crude April between 5090-5100, SL-5161, Target -4895. OR Buy MCX Crude April between 4820-4810, SL-4750, Target -4980

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Commodities Weekly Technical Report

15.04.2013 to 19.04.2013

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