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Date Created: 12/18/15
Weekly Commodity Report (26-31Mar) Commodity Updates China economic growth to fuel gold demand, push prices higher Gold: India government cuts import tariff value by 7.5% Copper production deficit at 358,000 tonnes in 2011: ICSG Tight copper supplies pushing up premiums in Europe Crude oil: SPR release may fail to solve US gasoline shortage Silver futures down on weak global cuesin July due to increased domestic usage Crude oil to jump 30% on Iran supply shortage: IMF www.epicresearch.co+919993959693 Technical Charts Mcx Gold MCX GOLD went into a deep consolidation mode in the range of 27800 to 28000. On comex it is still trading below its 200 DMA but due to rupee depreciation it is trading on higher levels in MCX. RESISTANCE: 28270, 28510, 28830 SUPPORT: 27950, 27750, 27470 TREND: SIDEWAYS STRATEGY: BUY ON DIPS www.epicresearch.co +919993959693 www.epicresearch.co+919993959693 Mcx Silver MCX SILVER remained volatile for the whole week with a downward bias. On daily chart if it is able to break a trend line than we say see the levels of 59500 in the short term. RESISTANCE: 57300, 57750, 58150 SUPPORT : 56300, 55550, 55000 TREND : DOWN STRATEGY : SELL ON HIGHS www.epicresearch.co +919993959693 www.epicresearch.co+919993959693 Mcx Copper MCX COPPER remained sideways for the whole weak with an upward bias. It may face a stiff resistance near 440 levels and a short term reversal is expected from this level. A weekly close above 440 may take it towards 452-455 levels. RESISTANCE: 435.80, 438.20,442 SUPPORT : 428, 425,421 TREND : SIDEWAYS STRATEGY: BUY ON DIPS www.epicresearch.co +919993959693 www.epicresearch.co+919993959693 Mcx Crude oil MCX CRUDEOIL being bullish remained in the sidewaysrange, but some volatility was seen. However the trend is expected to be bullish further as supply concerns may push prices towards a new high. RESISTANCE: 5528, 5580, 5650 SUPPORT : 5400, 5340, 5270 TREND : BILLISH STRATEGY : BUY ON DIPS www.epicresearch.co +919993959693 www.epicresearch.co+919993959693 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. 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. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading ofthe information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is receiveddirectly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919993959693
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