CRUDE OIL 04.06.2012 to 08.06.2012 (NEAL 9999974733)

MCX Crude June as seen in the weekly chart above has opened at 5057 levels and then moved sharply higher, but found


strong resistance at 5132 levels. Later prices fell sharply breaking all the support levels towards 4611 levels and finally

closed sharply lower from the previous weeks closing levels.

For the next week we expect Crude prices to find support at 4450-4430 levels. Trading consistently below 4430 levels would

further extend the current fall initially towards 4350 levels, and then finally towards the major support at 4270 levels.

Strong Resistance is now observed at 4770-4800 levels. Trading consistently above 4800 levels would trigger a sharp rally

initially towards 4880 levels, and then finally towards the major resistance at 4970 levels.

MCX / NYMEX Crude Oil Trading levels for the week (04.06.2012 to 08.06.2012)

Trend: Down

S1- 4450 / $ 79.60 R1-4790 / $ 85.90

S2-4270 / $ 76 R2-4970/ $ 89.60

Recommendation: Sell MCX Crude June between 4760-4780, SL-4870, Target -4540/4450.

OR

Buy MCX Crude June Between 4450-4430, SL-4330, Target -4740.

COPPER 04.06.2012 TO 08.06.2012

MCX Copper June as seen in the weekly chart above has initially moved sharply higher, but found very good resistance at


430.85 levels. Later prices fell sharply breaking both the support levels towards 406.85 levels and finally closed sharply

lower.

For the next week we expect Copper prices to find initial resistance at 413.50-415.50 levels. Trading consistently above 416

would trigger a minor rally initially towards 423 levels and then finally towards 427 levels.

Strong support is now observed in the range of 402.50-402 levels. Trading consistently below 402 levels would continue the

current fall initially towards 399.70 levels then 395.30 and then finally towards the major support at 391.30 levels.

MCX / LME Copper Trading levels for the week (04.06.2012 to 08.06.2012)

Trend: Sideways

S1 – 399.70 / $ 7170 R1 – 415.30 / $ 7470

S2 – 391.30/ $ 7005 R2 – 423.70 / $ 7635

Recommendation: Sell MCX Copper June between 413-415, SL-421, Target -405/402

OR Buy MCX Copper June between 403-402, SL-397, Target -413

SILVER Weekly Report 04.06.2012 to 08.06.2012

Commodities Weekly Technical Report


04.06.2012 to 08.06.2012
 
MCX Silver July as seen in the weekly chart above has opened at 54,533 levels, initially made a high of 54,885 levels and


then fell sharply lower, but found very good support at 52813 levels. Later prices rallied sharply towards 54,682 levels and

finally closed higher from the previous weeks closing levels.

For the next week we expect Silver prices to find support at 54,100-54,000 levels. Trading consistently below 54,000 levels

would lead towards the Strong Support at 53,300-53,200 levels. Multiple closing below 53,200 levels would indicate that a

short term top has been posted and thereby would open the door for a new leg down initially towards 52,300 and then

finally towards 51,300 levels.

Resistance is now observed at 55,300-55,400 levels. Trading consistently above 55,400 levels would further extend the

current rally initially towards 56,140 levels and then finally towards 57,800 levels.

MCX / Spot Silver Trading levels for the week (04.06.12 to 08.06.12)

Trend: Up

S1-54,100 / $ 28.14 R1-55,300 / $ 29.10

S2-53,200 / $ 27.45 R2-56,140 / $ 29.74

Recommendation: Buy MCX Silver July between 54100-54000, SL-53190, Target -55400/56050

GOLD Weekly Report 04.06.2012 to 08.06.2012

Commodities Weekly Report 04.06.2012 to 08.06.2012

MCX Gold August as seen in the weekly chart above has initially moved sharply lower, but found good support at 29020


levels. Later prices rallied sharply made a new record high of 30156 and finally closed sharply higher from the previous

weeks closing levels.

For the next week we expect gold prices to find Support at 29,680 – 28,620 levels and further below strong support is seen

at 29,200-29,150 levels. Trading consistently below 29,150 levels would trigger sharp correction initially towards 28570 and

then finally towards the major support at 28278 levels.

Resistance is now seen at 30520-30560 levels. Trading consistently above 30570 levels would further extend the current

rally initially towards 30690 and then finally towards 31060 levels.

MCX / Spot Gold Trading levels for the week (04.06.2012 to 08.06.2012)

Trend: Up

S1-29,680 / $ 1595 R1-30,520 / $ 1660

S2-29,200 / $ 1560 R2-31,060 / $ 1694

Recommendation: Buy MCX Gold August between 29,700-29650, SL-29300, Target -30500/31000.