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WEEKLY COMMODITY REPORT
17TH APR TO 21ST APR 2017
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Date: 2017-04-15
13:40+05:30

BULLIONS WEEKLY TECHNICAL LEVELS
GOLD(JUNE) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 28876
S2 28342
PP 29154
R1 29688
R2 29966
TRADING STRATEGY:
MCX Gold APRIL contract, showed upside movement this week and made a weekly high of 29433
and low of 28621 due to rise in geo-political tension between north korea and usa. In Comex, gold
has strong resistance at $1290-1300 .This week gold closed above $1280,major support now at
$1260-$1246.
For the next week,Gold APRIL contract has support at 29150 levels. And strong support in range
of 29000 to 28800 levels.
Resistances are in the range of 29600 to 29900 levels. Above 29950 the next resistance is at
30200 and 30800 levels.
WEEKLY RECOMENDATIONS:-
SELL GOLD APRIL BELOW 28900 TG 28200 /28000 SL ABOVE 29120
BUY GOLD APRIL AROUND 29200 TG 29600 /30000 SL BELOW 28950
22nd JUNE TO 27th JUNE 2015

BULLIONS WEEKLY TECHNICAL LEVELS
SILVER (MAY) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 41487
S2 40402
PP 42090
R1 43175
R2 43778
TRADING STRATEGY
MCX Silver MAY Contract, showed upside movement this week due to rise in geo-political
tension between north korea and usa,made a weekly high of 42694 and made a weekly low of
41006.In Comex silver has a resistance of $18.60 and strong support at $17.50. In MCX Silver
has a support around 41900 and resistance around 42700 levels.
For the coming week, we expect Silver MAY contract go up to 43200-43800 levels. Resistance
are expected at 42700 to 43300 levels.
SELL SILVER MAY BELOW 41800 TG 41400/ 41100 SL ABOVE 42170
BUY SILVER MAY ABOVE 42700 TG 43150/43500 SL BELOW 42300

TRADING STRATEGY:
MCX Crude Oil APRIL contract trading in upside movement this week due to geo-political tension
between north korea and usa .In NYMEX Crude Oil has resistance of $54 and strong support of
$46.50.Oil rig count has up this week by 11 to 683 from 672 showed by Baker Hughes report .
Crude Oil APRIL contract having support at 3380 levels Below it at 3320 levels & strong supports
at 3200 & 3080 levels.
Resistances are at 3445 levels & above it at 3510 to 3550 levels & strong resistance at 3700
levels.
BUY CRUDE OIL APRIL ABOVE 3450 TGT 3510/3600 SL BELOW 3370
SELL CRUDE OIL APRIL BELOW 3350 TGT 3300/3250 SL ABOVE 3410
05-09-JAN-2015
ENERGY WEEKLY TECHNICAL LEVELS
CRUDE OIL (APRIL) MCX WEEKLY CHART
WEEKLY PIVOTAL
S1 3364
S2 3308
PP 3421
R1 3477
R2 3534

COPPER (APRIL) MCX WEEKLY CHART
BASE METALS WEEKLY TECHNICAL LEVELS
WEEKLY PIVOTAL
S1 360.85
S2 355.5
PP 368.4
R1 373.75
R2 381.3
TRADING STRATEGY:
MCX COPPER APRL contract showed downside movement this week and made a weekly low of
363, support around 355-345 levels . We expect in the short-term copper prices will go down to
350 levels.
For the next week, Copper April contract supports are at 362 levels. Resistance at 372 levels,and
strong Resistance are at 388 level. Above it at 395-415 levels.
SELL COPPER APR BELOW 362 TG 357/352 SL ABOVE 369.60
BUY COPPER APR ABOVE 373 TG 378/382 SL BELOW 3368

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Epic research weekly commodity report 17 th to 21st apr 2017

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