MCX WEEKLY REPORT

FROM 20-MAY-2013 TO 24-MAY-2013

GOLD (05 JUNE) OUTLOOK

Last week gold traded in downtrend. And its looks weak again for upcoming week. If gold breaks 25000 support level, it will go to test 23000. Recommendation: Sell on higher levels.

WEEKLY TECHNICAL LEVELS

Contract GOLD JUNE Futures Support Resistance

25000

27350

SILVER (05 JULY) OUTLOOK

SILVER also traded in a range between 42281-45340 last weak. SILVER prices looks weak on daily charts. If SILVER breaks 42000 support level, we can see silver in downtrend to 41500. All levels are in daily closing basis.

WEEKLY TECHNICAL LEVELS

Contract SILVER JULY Futures Support Resistance

44000

46000

CRUDE OIL (19 JUNE) OUTLOOK

Crude oil have given breakout @ 5250, We expect CRUDE OIL prices will trade upcoming week in a uptrend. If it sustain above 5250. Recommendation: Buy above 5250 for the target 5330- 5400.

WEEKLY TECHNICAL LEVELS

Contract CRUDE OIL MAY Futures Support Resistance

5250

5400

COPPER (28 JUNE) OUTLOOK

Copper traded last week in a range between 390-410. We expect it again traded in a range upcoming week. Recommendation: Buy on lower level. All levels are on daily closing basis.

WEEKLY TECHNICAL LEVELS

Contract COPPER JUNE Futures Support Resistance

390

412