Commodities Weekly Technical Report

10.06.2013 to 14.06.2013

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

10.06.2013 to 14.06.2013

MCX GOLD AUGUST (CMP 27,574 / $ 1384.10)

MCX Gold August as seen in the weekly chart above has opened at 27,028 levels initially made a low of 26,951 and then moved sharply higher but found very good resistance at the strong resistance levels at 28,099 levels. Later prices corrected sharply towards 27,420 levels and finally closed higher from the previous weeks closing levels. For the next week we expect gold prices to find Support in the range of 26,980 26,940 levels. Trading consistently below 26,900 levels would lead towards the strong support at 26,400 levels and then finally towards the major support at 25,770 levels. Multiple closing below 25,700 levels would indicate that a major top has been posted and thereby major decline can be expected initially towards 23,400 levels and then finally towards 22,100 levels. Resistance is now observed in the range of 28,120-28,170 levels. Trading consistently above 28,190 levels would lead towards the strong resistance at 28,660 levels, and then finally towards the Major resistance at 29,300 levels.

MCX / Spot Gold Trading levels for the week Trend: Sideways S1-26,980/ $ 1366 S2-26,400 / $ 1348 R1-28,130 / $ 1398 R2-28,660 / $ 1420

Recommendation: Sell MCX Gold August between 27,800-27,850, SL-28,175, Target -27,100.

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Commodities Weekly Technical Report

10.06.2013 to 14.06.2013

MCX SILVER JULY (CMP 42,975 / $ 21.73)

MCX Silver July as seen in the weekly chart above has opened at 43,636 levels initially moved sharply higher, but found good resistance at 44,744 levels. Later prices corrected sharply towards 42,840 levels and finally closed sharply lower from the previous weeks closing levels. For the next week we expect Silver prices to find support in the range of 42,300-42,250 levels. Trading consistently below 42,230 levels would lead towards the strong support at 41,630 levels and then finally towards the major support at 40,750 levels. Resistance is now observed in the range of 43,500-43,560 levels. Trading consistently above 43,600 levels would lead towards the strong resistance at 44,200 levels, and then finally towards the major Resistance at 45,400 levels.

MCX / Spot Silver Trading levels for the week

Trend: Down S1-42,280 / $ 21.20 S2-41,630 / $ 20.62 R1-43,500 / $ 22.07 R2-44,200 / $ 22.63

Recommendation: Sell MCX Silver July between 43,500-43,550, SL-44,251, Target -42,300/41,700

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Commodities Weekly Technical Report

10.06.2013 to 14.06.2013

MCX COPPER JUNE (CMP 414/ $7234)

MCX Copper June as seen in the weekly chart above has opened on its low at 412 levels initially moved sharply higher breaking both the resistances, but finally found good resistance at 426.85 levels. Later prices fell sharply towards 413.45 levels and finally closed higher from the previous weeks closing levels. For the next week we expect Copper prices to find support in the range of 409-408 levels. Trading consistently below 408 levels would lead towards the strong support at 403 levels and then finally towards the major support at 392 levels. Multiple closing below 391 levels would indicate that a short term top has been posted and thereby new leg down can be expected initially towards 378 levels and then finally towards 366 levels. Resistance is now observed in the range of 418-420 levels. Trading consistently above 421 levels would lead towards the strong resistance at 426 levels and then finally towards the major resistance at 432 levels. MCX / LME Copper Trading levels for the week Trend: Down S1 409/ $7135 S2 403/ $7035 R1 417.80/$7320 R2 424.50/$7420

Recommendation: Sell MCX Copper June between 417-419, SL-424.10, Target -409

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Commodities Weekly Technical Report

10.06.2013 to 14.06.2013

MCX CRUDE JUNE (CMP 5526 / $ 96.26)

MCX Crude June as seen in the weekly chart above has opened at 5202 levels initially made a low of 5190 and then moved sharply higher breaking both the resistances made a high of 5534 levels and finally closed sharply higher from the previous weeks closing levels. For the next week we expect Crude prices to find support at 5420-5400 levels. Trading consistently below 5390 levels would lead towards the strong support at 5300 levels and then finally towards the major support at 5072 levels. Resistance is now observed in the range of 5625-5650 levels. Trading consistently above 5660 levels would lead towards the strong resistance at 5760 levels, and then finally towards the Major resistance at 5830 levels. MCX / NYMEX Crude Oil Trading levels for the week Trend: Up S1- 5420 / $ 94.65 S2-5300 / $ 92.80 R1-5630 / $ 98.05 R2-5760 / $ 99.85

Recommendation: Buy MCX Crude June between 5465-5455, SL-5390, Target -5625.

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