Weekly commodity-report by epic research 17 dec 2012

9
WEEKLY COMMODITY REPORT 17 TH DECEMBER 2012 WWW.EPICRESEARCH.CO 9752199966

description

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.

Transcript of Weekly commodity-report by epic research 17 dec 2012

Page 1: Weekly commodity-report by epic research 17 dec 2012

WEEKLY COMMODITY REPORT 17TH DECEMBER 2012

WWW.EPICRESEARCH.CO 9752199966

Page 2: Weekly commodity-report by epic research 17 dec 2012

WWW.EPICRESEARCH.CO 9752199966

HEADLINES

Moody’s global base-metals outlook remains

negative

Moody’s Investors Service believes that demand and

price expectations for the global base-metals industry –

mainly aluminum, copper, nickel and zinc — will

remain ―muted‖ over the next 12 to 18 months, and said

in a report that its outlook for the industry is still

negative. Freeport-McMoRanCopper mine in Peru

Recession in Europe, sluggish economic growth and

anxiety about the fiscal cliff in the U.S., and slower

growth in China all weigh on the industry as we head

into the new year,‖ said Carol Cowan, Moody’s vice

president and author of the report, ―Base Metals

Industry Faces Challenging Road in 2013. China is a

key driver of metal consumption and its appetite for

metals remains the wild card in the direction of metal

prices in 2013.‖

Crude Oil Settles Higher On Economic Data,

Gains 0.9% For Week.

U.S. crude oil settled higher Friday, on some upbeat

macroeconomic data out of China and the U.S., with

supply concerns after the conflict in Syria further

escalated.

TRADING TIP:

Buy Silver Mar

Above 61350

TGTS-61600/61900

SL-61100

Sell Copper Feb

Below 445.40

TGTS-442/437

SL- 448.40

Page 3: Weekly commodity-report by epic research 17 dec 2012

MCX WEEKLY GOLD CHART

WWW.EPICRESEARCH.CO 9752199966

ANALYSIS

OPEN: 31348

HIGH: 31559

LOW: 31091

CLOSE: 31208

GOLD LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

Page 4: Weekly commodity-report by epic research 17 dec 2012

MCX WEEKLY SILVER CHART

ANALYSIS

OPEN: 62658

HIGH: 63440

LOW: 61223

CLOSE: 61347

SILVER LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

Page 5: Weekly commodity-report by epic research 17 dec 2012

MCX WEEKLY COPPER CHART

ANALYSIS

OPEN: 444.80

HIGH: 450.45

LOW: 443.10

CLOSE: 445.30

COPPER LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

WWW.EPICRESEARCH.CO 9993959693 WWW.EPICRESEARCH.CO 9752199966

Page 6: Weekly commodity-report by epic research 17 dec 2012

MCX WEEKLY CRUDE OIL CHART

ANALYSIS

OPEN: 4702

HIGH: 4748

LOW: 4652

CLOSE: 4728

CRUDE OIL LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

www.epicresearch.co 9752199966

Page 7: Weekly commodity-report by epic research 17 dec 2012

COMEX WEEKLY SILVER CHART

ANALYSIS

OPEN: 33.04

HIGH: 33.77

LOW: 32.16

CLOSE: 32.17

COMEX SILVER LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

www.epicresearch.co 9752199966

Page 8: Weekly commodity-report by epic research 17 dec 2012

COMEX WEEKLY GOLD CHART

ANALYSIS

OPEN: 1704.25

HIGH: 1723.20

LOW: 1689.23

CLOSE: 1694.25

COMEX GOLD LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

www.epicresearch.co 9752199966

Page 9: Weekly commodity-report by epic research 17 dec 2012

Disclaimer

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.