Commodities Weekly Technical Report

12.08.2013 to 16.08.2013

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

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Commodities Weekly Technical Report

12.08.2013 to 16.08.2013

MCX GOLD OCTOBER (CMP 27,925 / $ 1314)

MCX Gold October as seen in the weekly chart above has opened at 28,090 levels initially made a high of 28,175 levels and then fell sharply lower, breaking both the supports, but finally found very good support at 27,342 levels. Later prices recovered sharply towards 28,028 levels and finally closed lower from the previous weeks closing levels. For the next week we expect gold prices to find Support in the range of 27,820 27,780 levels. Trading consistently below 27,750 levels would lead towards the strong support at 27,440 levels and then finally towards the major support at 27,050 levels. Resistance is now observed in the range of 28,270-28,320 levels. Trading consistently above 28,350 levels would lead towards the strong resistance at 28,640 levels, and then finally towards the Major resistance at 29,230 levels.

MCX / Spot Gold Trading levels for the week Trend: Up S1-27,810/ $ 1303 S2-27,440 / $ 1284 R1-28,280 / $ 1333 R2-28,640 / $ 1351

Weekly Recommendation: Buy MCX Gold October between 27,840-27,800, SL-27,500, Target -28,270/28,600.

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Commodities Weekly Technical Report

12.08.2013 to 16.08.2013

MCX SILVER SEPTEMBER (CMP 42,698 / $ 20.53)

MCX Silver September as seen in the weekly chart above has opened at 42,061 levels initially moved sharply lower, but found very good support at 40,765. Later prices rallied sharply towards 42,780 levels and finally closed sharply higher from the previous weeks closing levels. For the next week we expect Silver prices to find support in the range of 42,100-42,040 levels. Trading consistently below 42,000 levels would lead towards the strong support at 41,380 levels and then finally towards the major support at 40,065 levels. Resistance is now observed in the range of 43,380-43,430 levels. Trading consistently above 43,450 levels would lead towards the strong resistance at 44,060 levels, and then finally towards the major Resistance at 45,230 levels.

MCX / Spot Silver Trading levels for the week

Trend: Up S1-42,100 / $ 20.08 S2-41,380 / $ 19.58 R1-43,400 / $ 21.04 R2-44,060 / $ 21.54

Weekly Recommendation: Buy MCX Silver September between 42,250-42,200, SL-41,500, Target -43,350/43,800.

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Commodities Weekly Technical Report

12.08.2013 to 16.08.2013

MCX COPPER AUGUST (CMP 441.90/ $7270)

MCX Copper August as seen in the weekly chart above has opened at 427.80 levels initially moved lower, but found very good support at 425 levels. Later prices rallied sharply towards 443.50 levels and finally closed sharply higher from the previous weeks closing levels. For the next week we expect Copper prices to find support in the range of 437-435 levels. Trading consistently below 434 levels would lead towards the strong support at 430 levels and then finally towards the major support at 418 levels. Resistance is now observed in the range of 448-450 levels. Trading consistently above 451 levels would lead towards the strong resistance at 455 levels and then finally towards the major resistance at 465 levels. MCX / LME Copper Trading levels for the week Trend: Up S1 436.80/ $7160 S2 430.20/ $7020 R1 448.60/ $7410 R2 455.10/ $7550

Weekly Recommendation: Buy MCX Copper August between 437-435, SL-430, Target -448.

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Commodities Weekly Technical Report

12.08.2013 to 16.08.2013

MCX CRUDE AUGUST (CMP 6416 / $ 106.03)

MCX Crude August as seen in the weekly chart above has opened at 6532 levels initially moved higher, but found very good resistance at 6623 levels. Later prices fell sharply breaking both the supports towards 6207 levels and finally closed lower from the previous week closing levels. For the next week we expect Crude prices to find support at 6370-6350 levels. Trading consistently below 6330 levels would lead towards the strong support at 6222 levels and then finally towards the major support at 6037 levels. Resistance is now observed in the range of 6550-6570 levels. Trading consistently above 6580 levels would lead towards the strong resistance at 6700 levels and then finally towards the Major resistance at 6900 levels. MCX / NYMEX Crude Oil Trading levels for the week Trend: Up S1- 6355/ $ 105.30 S2-6222 / $ 102.90 R1-6554 / $ 108.40 R2-6700 / $ 110.80

Weekly Recommendation: Buy MCX Crude August between 6365-6345, SL-6300, Target -6550.

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