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Weekly Commodity Report (30Apr-05May)



Commodity Updates

  ๏ƒ˜Russia and Mexico buys over 16 tonnes of
   Gold in March: IMF
  ๏ƒ˜Silver supply falls in 2011, net producer
   hedging tumbles 82%
  ๏ƒ˜Copper stocks-to-consumption ratio at 4 year
   lows, indicates huge upside potential
  ๏ƒ˜China Copper production set to decline,
   imports to remain strong
  ๏ƒ˜Japan Zinc demand growth to beat China in
   2012
Silver futures down on weak global cues
  ๏ƒ˜China's Iran oil imports drop 54% in March
  ๏ƒ˜BofAML cuts natural gas forecast to
   $2.40/MMBtu in 2012
www.epicresearch.co+919993959693



      Technical Charts
      Mcx Gold




MCX GOLD after giving a strong break out on its daily chart trend line, continued to move on higher levels
for the whole week. Immediate resistance is seen at 29230, once able to cross this level, than it may move
towards its life high.

RESISTANCE: 29220, 29320, 29440

SUPPORT: 28980, 28820, 28580

TREND: BULLISH

STRATEGY: BUY ON DIPS




                                                                              www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   Mcx Silver




 MCX SILVER remained volatile for the whole week. A stiff resistance is seen on daily chartโ€™s trend line
 and proper break out of this trend line will only take silver towards 57000 in the upcoming sessions.

 RESISTANCE: 56200, 56900, 57750

 SUPPORT     : 55300, 54420, 53200

 TREND       : SIDEWAYS

 STRATEGY : BUY ON DIPS




                                                                             www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   Mcx Copper




 MCX COPPER has gone into bullish territory last week after touching the levels of 410 it got reversed and now
 trading near 444 levels. It may test 460 levels soon.

  RESISTANCE: 428, 433,438

 SUPPORT     : 437, 434,430

 TREND      : SIDEWAYS

 STRATEGY: SELL ON HIGHS




                                                                                 www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   Mcx Crude oil




 MCX CRUDEOIL remained volatile for the whole week with upward bias. On weekly chart it is consolidating at
 top levels and a break out is expected in the upcoming sessions.

 RESISTANCE: 5580 5660, 5730

 SUPPORT    : 5475, 5440, 5390

 TREND       : BILLISH

 STRATEGY : BUY ON DIPS




                                                                               www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



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   accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits
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   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.

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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-30 APRIL 2012

  • 1. Weekly Commodity Report (30Apr-05May) Commodity Updates ๏ƒ˜Russia and Mexico buys over 16 tonnes of Gold in March: IMF ๏ƒ˜Silver supply falls in 2011, net producer hedging tumbles 82% ๏ƒ˜Copper stocks-to-consumption ratio at 4 year lows, indicates huge upside potential ๏ƒ˜China Copper production set to decline, imports to remain strong ๏ƒ˜Japan Zinc demand growth to beat China in 2012 Silver futures down on weak global cues ๏ƒ˜China's Iran oil imports drop 54% in March ๏ƒ˜BofAML cuts natural gas forecast to $2.40/MMBtu in 2012
  • 2. www.epicresearch.co+919993959693 Technical Charts Mcx Gold MCX GOLD after giving a strong break out on its daily chart trend line, continued to move on higher levels for the whole week. Immediate resistance is seen at 29230, once able to cross this level, than it may move towards its life high. RESISTANCE: 29220, 29320, 29440 SUPPORT: 28980, 28820, 28580 TREND: BULLISH STRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
  • 3. www.epicresearch.co+919993959693 Mcx Silver MCX SILVER remained volatile for the whole week. A stiff resistance is seen on daily chartโ€™s trend line and proper break out of this trend line will only take silver towards 57000 in the upcoming sessions. RESISTANCE: 56200, 56900, 57750 SUPPORT : 55300, 54420, 53200 TREND : SIDEWAYS STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
  • 4. www.epicresearch.co+919993959693 Mcx Copper MCX COPPER has gone into bullish territory last week after touching the levels of 410 it got reversed and now trading near 444 levels. It may test 460 levels soon. RESISTANCE: 428, 433,438 SUPPORT : 437, 434,430 TREND : SIDEWAYS STRATEGY: SELL ON HIGHS www.epicresearch.co +919993959693
  • 5. www.epicresearch.co+919993959693 Mcx Crude oil MCX CRUDEOIL remained volatile for the whole week with upward bias. On weekly chart it is consolidating at top levels and a break out is expected in the upcoming sessions. RESISTANCE: 5580 5660, 5730 SUPPORT : 5475, 5440, 5390 TREND : BILLISH STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693
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