Commodities Weekly Outlook 10.12.2012 to 14.12.2012

7/30/2019 Commodities Weekly Outlook 10.12.2012 to 14.12.2012

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Commodities Weekly Technical Report 10.12.2012 to 14.12.2012

www.angelcommodities.com

Content Weekly Technical Levels

Strategy/Recommendations

ngel Commodities Broking Pvt. Ltd.

egistered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093.

orporate 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

isclaimer: 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

orrectness. 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

hole or in part, by any recipient hereof for any purpose without prior permission from “Angel Commodities Broking (P) Ltd”. Your feedback is appreciated on

[email protected]

Prepared by

Samson Pasam – Sr. Technical Analyst

[email protected] (040) 30912222 Extn. 146

mailto:[email protected]










MCX GOLD FEBRUARY (CMP – 31,318 / $ 1704.05)

MCX Gold February as seen in the weekly chart above has opened at 31,560 levels initially moved higher, but found ve

ood resistance at 31,790 levels. Later prices fell sharply towards 30,916 levels and finally closed lower from the previo

weeks closing levels.

or the next week we expect gold prices to find Support at 31,211 – 31,175 levels. Trading consistently below 31,160 leve

would extend the current fall initially towards the strong support at 30,890 and then finally towards the major support

0,546 levels.

Resistance is observed in the range of 31,520-31,540 levels. Trading consistently above 31,550 levels would lead towar

he strong resistance at 31,746 levels, and then finally towards the Major resistance at 32,215 levels.

MCX / Spot Gold Trading levels for the week (10.12.2012 to 14.12.2012)

Trend: Sideways

1-31,211 / $ 1698 R1-31,540 / $ 1723

2-30,890 / $ 1684 R2-32,215 / $ 1742

Recommendation: Buy MCX Gold February between 31,220-31,180, SL-30,880, Target -31,740/32,000





MCX SILVER MARCH (CMP – 62,560 / $ 33.04)

MCX Silver March as seen in the weekly chart above has opened at 63,450 levels initially moved sharply higher and

xpected found resistance at 64,148 levels. Later prices fell sharply towards 61,601 levels, and finally closed lower from t

previous weeks closing levels.

or the next week we expect Silver prices to find support in the range of 62,240-62,200 levels. Trading consistently belo

2,200 levels would extend the current fall initially towards the strong support at 61,390 levels and then finally towards t

major support at 60,222 levels.

Resistance is now observed in the range of 62,900-62,990 levels. Trading consistently above 63,000 levels would lea

owards the strong resistance at 63,940 levels, and then finally towards the major Resistance at 65,318 levels.

MCX / Spot Silver Trading levels for the week (10.12.12 to 14.12.12)

Trend: Sideways

1-62,220 / $ 32.86 R1-62,980 / $ 33.40

2-61,390 / $ 32.40 R2-63,940 / $ 33.86

Recommendation: Buy MCX Silver March between 62,250-62,200, SL-61,600, Target -63,300.





MCX COPPER FEBRUARY (CMP - 444.05/$8038)

MCX Copper February as seen in the weekly chart above has opened at 441.70 levels initially moved higher, but found go

upport at 447.70 levels. Later prices fell sharply towards 439.95 levels and finally closed higher from the previous wee

losing levels.

or the next week we expect Copper prices to find support in the range of 440-439 levels and then strong support is seen

436-435 levels. Trading consistently below 435 levels would trigger sharp correction initially towards 431.70, and th

inally towards the major support at 428.20 levels.

trong Resistance is now observed in the range of 447-449 levels. Trading consistently above 450 levels would extend t

urrent rally initially towards 455 levels and then finally towards the major resistance at 460 levels.

MCX/LME Copper Trading levels for the week (10.12.2012 to 14.12.2012)

Trend: Sideways

1 – 440/7970 R1 – 444/8101

2 – 436/7900 R2 – 450/8165

Recommendation: Buy MCX Copper February between 440-439, SL-434, Target -449/454




l di i

MCX CRUDE DECEMBER (CMP – 4692 / $ 86.02)

MCX Crude December as seen in the weekly chart above has opened at 4854 levels initially moved higher, but found go

esistance at 4942 levels. Later prices fell sharply breaking both the supports towards 4673 levels and finally closed sharp

ower from the previous weeks closing levels.

or the next week we expect Crude prices to find initial support at 4660-4650 levels. Trading consistently below 4640 lev

would continue the current fall initially towards the strong support at 4596 levels and then finally towards the maj

upport at 4495 levels.

Resistance is now observed in the range of 4760-4780 levels. Trading consistently above 4792 levels would lead towards t

trong resistance at 4864 levels, and then finally towards the Major resistance at 5037 levels.

MCX / NYMEX Crude Oil Trading levels for the week (10.12.2012 to 14.12.2012)

Trend: Down

1- 4652 / $ 84.35 R1-4765/ $ 87.35

2-4595/ $ 82.70 R2-4864 / $ 89.10

Recommendation: Sell MCX Crude December between 4750-4770, SL-4831, Target -4618/4570.

OR

Buy MCX Crude December between 4580-4570, SL-4500, Target -4700

Commodities Weekly Outlook 10.12.2012 to 14.12.2012

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Transcript of Commodities Weekly Outlook 10.12.2012 to 14.12.2012