Commodities Weekly Technical Report

12.05.2014 to 16.05.2014
www.angelcommodities.com


Content
Weekly Technical Levels
Strategy/Recommendations


























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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. Thi s document may not be reproduced, distributed or published, in
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Prepared by
Anuj Gupta A.V.P - Technical Research
Anuj.gupta@angelborking.com
(011) 33101954




Commodities Weekly Technical Report


12.05.2014 to 16.05.2014
www.angelcommodities.com
MCX GOLD JUNE (CMP 28,525 / $ 1,289)


MCX Gold June as seen in the weekly chart above has opened the week at 28,920 levels and during this week prices made
a high of 29,039 levels. During this week prices could not able sustain on higher levels and in mid of the week prices
corrected towards the low of 28,452 levels and finally closed 1.20 % lower at 28,525 levels. As per the candlestick pattern
prices has formed Bearish candlestick pattern which is the sign of pessimism. Broadly from last couple of weeks prices
have formed a sideways trend which is also expecting to be continue in the coming trading sessions.

For the next week we expect gold prices to find support in the range of 28,250 28,200 levels. Trading consistently below
28,200 levels would lead towards the strong support at 27,800 levels and then finally towards the major support at 27,200
levels.

Resistance is now observed in the range of 29,200-29,300 levels. Trading consistently above 29,300 levels would lead
towards the strong resistance at 29,700 levels, and then finally towards the major resistance at 30,200 levels.

MCX / Spot Gold Trading levels for the week

Trend: Sideways

S1 28,200 / $ 1,270 R1 - 29,300 / $ 1,320

S2 - 27,800 / $ 1,250 R2 - 29,700 / $ 1,340





Commodities Weekly Technical Report


12.05.2014 to 16.05.2014
www.angelcommodities.com
MCX SILVER JULY (CMP 41,453 / $ 19.12)



MCX Silver July as seen in the weekly chart above has opened the week with gap down opening at 42,444 levels and during
this period prices made a high of 42,945 levels. During this week prices could not able sustain on higher levels and in mid of
the week prices corrected towards the low of 41,318 levels and finally closed 2.56 % lower at 41,453 levels. During this
week prices have closed below previous weeks closing of 42,540 levels and as per candlestick pattern it formed a Bearish
candlestick which is the indication of bearish activity.

For the next week we expect silver prices to find support in the range of 41,200 41,000 levels. Trading consistently below
41,000 levels would lead towards the strong support at 40,000 levels and then finally towards the major support at 39,000
levels.

Resistance is now observed in the range of 42,800 43,000 levels. Trading consistently above 43,000 levels would lead
towards the strong resistance at 44,200 levels, and then finally towards the major resistance at 45,000 levels.

MCX / Spot Silver Trading levels for the week

Trend: Down

S1 - 41,000 / $ 18.80 R1 - 43,000 / $ 19.80

S2 - 40,000 / $ 18.30 R2 - 44,200 / $ 20.30

Weekly Recommendation: Sell MCX Silver July between 42,100 42,300, SL- 43,000, Target 41,000 / 40,500



Commodities Weekly Technical Report


12.05.2014 to 16.05.2014
www.angelcommodities.com
MCX COPPER JUNE (CMP 411.70 / $ 6,770)



MCX Copper June as seen in the weekly chart above has opened at 410.70 levels and during this week prices made a high of
412.65 levels. As expected during this week prices corrected sharply towards the low of 404.40 levels and in the end of the
week prices have bounced back from near to the support of 404 levels towards 412.45 levels and finally closed 0.04% higher
at 411.70 levels. During this week prices have closed above previous weeks closing of 411.55 levels and as per candlestick it
formed a Hammer pattern which indicates positivity.

For the next week we expect Copper prices to find support in the range of 405 404 levels. Trading consistently below 404
levels would lead towards the strong support at 398 levels and then finally towards the major support at 392 levels.

Resistance is now observed in the range of 418 - 420 levels. Trading consistently above 420 levels would lead towards the
strong resistance at 427 levels, and then finally towards the major resistance at 434 levels.

MCX / LME Copper Trading levels for the week

Trend: Up

S1 404 / $ 6,730 R1 418 / $ 6,960

S2 398 / $ 6,630 R2 427 / $ 7,120

Weekly Recommendation: Buy MCX Copper June between 404 405, SL- 398, Target 418 / 420



Commodities Weekly Technical Report


12.05.2014 to 16.05.2014
www.angelcommodities.com
MCX CRUDE MAY (CMP 5,993 / $ 100.03)



MCX Crude oil May as seen in the weekly chart above has opened the week at 5,991 levels and during this week price made
a low of 5,965 levels. During this week prices bounced from the weekly lower levels towards the weekly high of 6,069
levels. At the end of the week as expected prices could not able to sustain on higher levels and corrected back towards
5,988 levels. During this week price are able to close below the previous weeks closing of 6,010 levels and finally closed
0.28% lower on 5,993 levels.

For the next week we expect Crude oil prices to find support in the range of 5,920 5,900 levels. Trading consistently below
5,900 levels would lead towards the strong support at 5,780 levels.

Resistance is now observed in the range of 6,050-6,100 levels. Trading consistently above 6,100 levels would lead the rally
towards the strong resistance at 6,200 levels, and then finally towards the major resistance at 6,300 levels.

MCX / NYMEX Crude Oil Trading levels for the week

Trend: Down

S1 5,900 / $ 98.40 R1 6,100 / $ 100.80

S2 5,780 / $ 96.50 R2 6,200/ $ 103.40

Weekly Recommendation: Sell MCX Crude Oil May between 6,070 6,100, SL - 6,200, Target 5,900 / 5,850.


Commodities Weekly Technical Report


12.05.2014 to 16.05.2014
www.angelcommodities.com
MCX NATURAL GAS MAY (CMP 270.30 / $ 4.53)



MCX Natural Gas May as seen in the weekly chart above has opened the week at 282 levels during this period prices has
made a high of 290.50 levels. During this week as expected prices could not able to sustain on the higher levels and
corrected back towards the weekly low of 270 levels. In the week prices are able to close below the previous weeks closing
of 282.30 levels and finally closed 4.25% lower on 270.30 levels and formed Big Bearish candlestick pattern which
indicates the bearish trend.

For the next week we expect Natural Gas prices to find support in the range of 265 - 263 levels. Trading consistently below
263 levels would lead towards the strong support at 256 levels.

Resistance is now observed in the range of 278 - 280 levels. Trading consistently above 288 levels would lead towards the
strong resistance at 295 levels, and then finally towards the major resistance at 305 levels.

MCX / NYMEX Natural Gas Trading levels for the week

Trend: Down

S1 - 263 / $ 4.40 R1 - 278 / $ 4.70

S2 - 258 / $ 4.30 R2 - 288 / $ 5.00

Weekly Recommendation: Sell MCX Natural Gas May between 278 - 280, SL - 288, Target 263 / 258.