MCX WEEKLY REPORT

FROM 01-JULY-2013 TO 05-JULY-2013

GOLD (05 AUGUST) OUTLOOK

Last week gold traded in downtrend. And its looks strong for upcoming week. If gold sustain above 25000 , it will go to test 26150 and 26500. Recommendation: Buy on dips levels.

WEEKLY TECHNICAL LEVELS

Contract GOLD AUG Futures Support Resistance

24800

26600

SILVER (05 SEP) OUTLOOK

SILVER also traded in down trend last week. SILVER prices looks strong on daily charts. If SILVER breaks 41400 level, we can see silver in uptrend towards 42000. All levels are in daily closing basis.

WEEKLY TECHNICAL LEVELS

Contract SILVER SEP Futures Support Resistance

39900

42500

CRUDE OIL (19 JULY) OUTLOOK

Crude oil traded last week in a uptrend, We expect CRUDE OIL prices will trade in upcoming week in a downtrend. Recommendation: Sell on higher level.

WEEKLY TECHNICAL LEVELS

Contract CRUDE OIL JULY Futures Support Resistance

5600

5850

COPPER (30 AUG) OUTLOOK

Copper traded last week in a range between 412-395. We expect it again traded in downtrend in upcoming week. Recommendation: Sell on higher level. All levels are on daily closing basis.

WEEKLY TECHNICAL LEVELS

Contract COPPER AUG Futures Support Resistance

395

412.5