Commodities Weekly Technical Report

15.07.2013 to 19.07.2013

Content
Weekly Technical Levels Strategy/Recommendations

Prepared by
Samson Pasam Sr. Technical Analyst Samsonp@angelbroking.com (040) 30932632

Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from Angel Commodities Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

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Commodities Weekly Technical Report

15.07.2013 to 19.07.2013

MCX GOLD AUGUST (CMP 26,743 / $ 1284.20)

MCX Gold August as seen in the weekly chart above has opened at 25,988 levels initially moved lower, but found very good support at 25,887 levels. Later prices rallied sharply towards 26,858 levels and finally closed higher from the previous weeks closing levels. For the next week we expect gold prices to find Support at 26,500 26,430 levels. Trading consistently below 26,400 levels would lead towards the strong support at 26,130 levels, and then finally towards the major support at 25,525 levels. Resistance is now observed in the range of 27,090-27,130 levels. Trading consistently above 27,140 levels would lead towards the strong resistance at 27,462 levels, and then finally towards the Major resistance at 28,140 levels.

MCX / Spot Gold Trading levels for the week Trend: Up S1-26,490/ $ 1266 S2-26,130 / $ 1233 R1-27,105 / $ 1317 R2-27,462 / $ 1349

Recommendation: Buy MCX Gold August between 26,500-26,450, SL-26,100, Target -27,100/27,400.

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Commodities Weekly Technical Report

15.07.2013 to 19.07.2013

MCX SILVER SEPTEMBER (CMP 41,480 / $ 19.86)

MCX Silver September as seen in the weekly chart above has opened at 40,249 levels initially moved lower, but found very good support at 39,930 levels. Later prices rallied sharply towards 41,948 levels and finally closed higher from the previous weeks closing levels. For the next week we expect Silver prices to find support in the range of 41,120-41,050 levels. Trading consistently below 41,000 levels would lead towards the strong support at 40,250 levels and then finally towards the major support at 39,100 levels. Resistance is now observed in the range of 42,280-42,350 levels. Trading consistently above 42,400 levels would lead towards the strong resistance at 43,200 levels, and then finally towards the major Resistance at 44,130 levels.

MCX / Spot Silver Trading levels for the week Trend: Up S1-41,110 / $ 19.60 S2-40,290 / $ 18.90 R1-42,300 / $ 20.53 R2-43,200 / $ 21.22

Recommendation: Buy MCX Silver September between 41,150-41,050, SL-40,300, Target -42,300/43,100

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Commodities Weekly Technical Report

15.07.2013 to 19.07.2013

MCX COPPER AUGUST (CMP - 420.05/$6953)

MCX Copper August as seen in the weekly chart above has opened at 418.60 levels initially moved sharply lower, but found good support at 405 levels. Later prices rallied sharply towards 425.25 levels and finally closed marginally higher from the previous weeks closing levels. For the next week we expect Copper prices to find support in the range of 415.50-414 levels. Trading consistently below 413 levels would lead towards the strong support at 408.50 levels and then finally towards the major support at 396.50 levels. Resistance is now observed in the range of 427-428 levels. Trading consistently above 429 levels would lead towards the strong resistance at 432 levels and then finally towards the major resistance at 438 levels. MCX / LME Copper Trading levels for the week Trend: Sideways S1 415.35 / 6890 S2 421.45 / 6730 R1 428.50 / 7111 R2 437 / 7270

Recommendation: Buy MCX Copper August between 416-415, SL-412, Target -427

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Commodities Weekly Technical Report

15.07.2013 to 19.07.2013

MCX CRUDE JULY (CMP 6357 / $ 106.25)

MCX Crude July as seen in the weekly chart above has opened at 6389 levels initially moved sharply lower, but found very good support at 6156 levels. Later prices rallied sharply towards 6419 levels and finally closed marginally lower from the previous weeks closing levels. For the next week we expect Crude prices to find support at 6310-6280 levels. Trading consistently below 6270 levels would lead towards the strong support at 6202 levels and then finally towards the major support at 6047 levels. Resistance is now observed in the range of 6465-6485 levels. Trading consistently above 6490 levels would lead towards the strong resistance at 6570 levels, and then finally towards the Major resistance at 6632 levels. MCX / NYMEX Crude Oil Trading levels for the week Trend: Up S1- 6310 / $ 105.20 S2-6202 / $ 103.10 R1-6465 / $ 108.45 R2-6570 / $ 110.60

Recommendation: Buy MCX Crude July between 6310-6280, SL-6240, Target -6460.

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Commodities Weekly Technical Report

15.07.2013 to 19.07.2013

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