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7/30/2019 Commodities Weekly outlook 14/1/13 to 18/1/13
http://slidepdf.com/reader/full/commodities-weekly-outlook-14113-to-18113 1/5
Com m odit ies W ee kly Technical Repo rt 14 .01 .2013 to 18 .01 .2013
www.angelcommodit ies .com
Content W eekly Techn ical Levels
St ra tegy/Recommendat ions
ngel Com m odities Broking Pvt. Ltd.
egistered Off ice: G-1, Ackrut i Trade Centre , Rd. No. 7 , M IDC, Andher i (E), M um bai - 400 093.
orporate Off ice: 6 th Floor , Ackrut i Star , M IDC, Andher i (E) , M um bai - 400 093. Te l : (022) 2921 2000
CX M emb er ID: 12685 / FMC Regn No: M CX / TCM / CORP / 0037 NCDEX : M ember ID 00220 / FM C Regn No: NCDEX / TCM / CORP / 0302
sclaimer: The informat ion and opin ions contained in t he document have been compi led f ro m sources bel ieved to b e re l iable. The company do es not warrant i ts accuracy, completen ess and
orrectness. The docume nt is not , and should not be construed as an of fer to sel l or sol ici tat ion t o buy any comm odi t ies. This document m ay not be repr oduced, d ist r ibu ted or pu bl ished, in
hole or in part , by any rec ip ient hereof for any purpose wi thout pr ior permiss ion f rom “Angel Commodi t ies Brok ing (P) Ltd”. Your feedback is apprec iated on
Prepared by
Sam son Pasam – Sr. Techni cal Analyst
[email protected] (040) 30912222 Extn. 146
7/30/2019 Commodities Weekly outlook 14/1/13 to 18/1/13
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Com m odit ies W ee kly Technical Repo rt 14 .01 .2013 to 18 .01 .2013
www.angelcommodit ies .com
M CX GOLD FEBRUARY (CM P – 30 ,789 / $ 1662 .60 )
M CX Gold February as seen in t he w eek ly char t ab ove has opened a t 30 ,694 leve ls in it ia l ly m ade a h igh of 31 ,058 leve ls a
h en fel l sharply low er to w ards 30,700 levels. Late r prices recovered t ow ards 30,795 levels and finally closed low er from t
re viou s w eek s closing leve ls.
or the next week we expect gold prices to find Support at 30,640 – 30,600 levels. Trading consistently below 30,590 leve
would extend the current fa l l in i t ia l ly towards the s trong support a t 30 ,490 leve ls and then f ina l ly towards the maj
upp ort at 3 0,150 levels.
Resistan ce is observed in the ra nge of 30,99 0-31,0 20 levels. Trading consisten tly above 3 1,020 leve ls w ould lead t ow ar
h e stron g resistan ce at 31 ,210 levels, and t hen finally tow ards the M ajor resistan ce at 31 ,540 levels.
M CX / Spot Gold Trading leve ls for the w eek
re n d : Do w n
1 -3 0 ,6 4 0 / $ 1 6 4 4 R1 -3 0 ,9 9 0 / $ 1 6 8 0
2 -3 0 ,4 8 0 / $ 1 6 2 5 R2 -3 1 ,2 1 0 / $ 1 6 9 8
Recom m endat ion: Se l l M CX Gold February betw een 30 ,900-30 ,930 , SL-31 ,061 , Target -30 ,645 / 30 ,500
7/30/2019 Commodities Weekly outlook 14/1/13 to 18/1/13
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Com m odit ies W ee kly Technical Repo rt 14 .01 .2013 to 18 .01 .2013
www.angelcommodit ies .com
M CX SILVER M ARCH (CM P – 58 ,187 / $ 30 .45)
M CX Si lver M arch as seen in t he w eek ly char t ab ove has opened a t 58 ,200 leve ls in it ia l ly m oved sharp ly low er , but fou
ood support at 57,705 levels. Later prices ral l ied sharply towards 58,730 levels, but could not sustain the gains fel l ba
ow er tow ards 57850 an d finally closed higher from th e previous we eks closing levels.
or the next week we expect Silver prices to find support in the range of 57,680-57,650 levels. Trading consistently belo
7,640 levels would extend the previous weeks fal l init ia l ly towards the strong support at 57,180 levels and then fina
ow ards the m ajor support a t 56 ,200 leve ls.
Resistance is now observed in the range of 58,700-58,780 levels. Trading consistently above 58,800 levels would lea
o w ards the strong resistan ce at 59 ,450 levels, and t hen fina lly tow ards th e m ajor Resistan ce at 60 ,670 levels.
M CX / Spot Si lver Trading leve ls for the w eek
rend: Sideways
1 -5 7 ,6 8 0 / $ 2 9 .8 6 R1 -5 8 ,7 1 0 / $ 3 0 .9 9
2 -5 7 ,1 8 0 / $ 2 9 .2 7 R2 -5 9 ,4 7 0 / $ 3 1 .5 3
Re co m me n d a t ion : N e u t r a l
7/30/2019 Commodities Weekly outlook 14/1/13 to 18/1/13
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Com m odit ies W ee kly Technical Repo rt 14 .01 .2013 to 18 .01 .2013
www.angelcommodit ies .com
M CX COPPER FEBRUARY (CM P - 445.5 5)
M CX Copp er Februa ry as seen in th e w eekly chart abo ve has open ed at 45 0.80 levels init ia l ly ma de a high of 452.80 leve
nd t hen fe l l sharply low er tow ards 445 levels and f inally closed sharply low er from the p revious w eeks closing levels.
or the next week we expect Copper prices to find support in the range of 442.70-440 levels. Trading consistently belo
39 .80 leve ls would tr igger sharp correct ion in i t ia l ly towards 437 .45 , and then f ina l ly towards the major support a t 4
evels.
Resistan ce is now observed in the ran ge of 447.50 -449 leve ls. Trading consisten tly above 44 9.50 levels w ould lead t ow ar
h e stron g resistan ce at 4 51.3 0 levels and t hen f inally to w ards the m ajor resistan ce at 4 56 levels.
M CX Copper Trading leve ls for the w eek
re n d : Do w n
1 – 442 .70 R1 – 447 .70
2 – 439 .90 R2 – 451 .30
Recom m endat ion: Se l l M CX Copper February betw een 447-448 , SL-451 .60 , Target -442 / 440
7/30/2019 Commodities Weekly outlook 14/1/13 to 18/1/13
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Com m odit ies W ee kly Technical Repo rt 14 .01 .2013 to 18 .01 .2013
l d i t i
M CX CRUDE JANU ARY (CM P – 5135 / $ 93 .73)
M CX Crude January as seen in the w eek ly char t above has opened a t 5120 leve ls in i t ia lly mo ved low er , but f ound go
esistan ce a t 5092 levels. Late r prices ral l ied sharply t ow ards 5175 levels, bu t could no t sustain the gains fel l back sharp
o w ards 5085 levels and f inally closed m arginally higher from th e previou s w eeks closing levels.
or the next w eek w e expect Crude p rices to find support at 5087 -5080 leve ls. Trading consisten tly below 5080 leve ls w ou
rigger correction initia l ly towards the strong support at 5041 levels and then finally towards the major support at 49
evels.
Resistan ce is now observed in the range of 51 78-51 88 leve ls. Trading consisten tly above 5 190 levels wou ld lead tow ards t
tron g resistan ce at 5224 levels, and t hen f inally tow ards th e M ajor resistan ce at 5 300 leve ls.
M CX / NYM EX Crude Oi l Trading leve ls for the w eek
rend: Sideways
1 - 5 0 8 5 / $ 9 2 .5 0 R1 -5 1 7 8 / $ 9 4 .8 0
2 -5 0 4 1 / $ 9 1 .3 0 R2 -5 2 3 0 / $ 9 5 .9 0
Recom m endat ion: Buy M CX Crude January betw een 5095-5085 , SL-5030 , Target -5178 / 5220 .