Commodities Weekly Technical Report

30.07.2013 to 03.08.2013

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 witho ut prior permission from Angel Commodities Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

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Commodities Weekly Technical Report

30.07.2013 to 03.08.2013

MCX GOLD OCTOBER (CMP 27,500 / $ 1333.20)

MCX Gold October as seen in the weekly chart above has opened on its low at 26,986 levels initially moved sharply higher, but found very good resistance at 27,777 levels. Later prices fell sharply towards 26,995 levels and finally closed higher from the previous weeks closing levels. For the next week we expect gold prices to find Support at 27,420 27,380 levels. Trading consistently below 27,370 levels would lead towards the strong support at 27,065 levels, and then finally towards the major support at 26,630 levels. Resistance is now observed in the range of 27,860-27,900 levels. Trading consistently above 27,920 levels would lead towards the strong resistance at 28,212 levels, and then finally towards the Major resistance at 28,471 levels.

MCX / Spot Gold Trading levels for the week Trend: Up S1-27,420/ $ 1325 S2-27,065 / $ 1303 R1-27,860 / $ 1356 R2-28,212 / $ 1378

Recommendation: Buy MCX Gold October between 27,420-27,380, SL-27,100, Target -27,850/28,200.

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Commodities Weekly Technical Report

30.07.2013 to 03.08.2013

MCX SILVER SEPTEMBER (CMP 41,050 / $ 19.95)

MCX Silver September as seen in the weekly chart above has opened the week on its low at 40,449 levels initially moved sharply higher, but found very good resistance at 42,444 levels. Later prices corrected almost towards the weeks low at 40502 levels and finally closed higher from the previous weeks closing levels. For the next week we expect Silver prices to find support in the range of 40,700-40,650 levels. Trading consistently below 40,600 levels would lead towards the strong support at 40,180 levels and then finally towards the major support at 39,320 levels. Resistance is now observed in the range of 41,750-41,850 levels. Trading consistently above 41,970 levels would lead towards the strong resistance at 42,780 levels, and then finally towards the major Resistance at 43,340 levels. MCX / Spot Silver Trading levels for the week

Trend: Sideways S1-40,700 / $ 19.72 S2-40,180 / $ 19.45 R1-41,750 / $ 20.28 R2-42,780 / $ 21.08

Recommendation: Buy MCX Silver March Between 40,700-40,650, SL-40,100, Target -41,700

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Commodities Weekly Technical Report

30.07.2013 to 03.08.2013

MCX COPPER AUGUST (CMP 408.35/ $6855)

MCX Copper August as seen in the weekly chart above has opened at 415.50 levels initially moved sharply higher and as expected found good resistance at 423.35 levels. Later prices fell sharply towards 407.10 levels and finally closed sharply lower from the previous weeks closing levels. For the next week we expect Copper prices to find Resistance in the range of 412-413 levels. Trading consistently above 414 levels would lead towards the strong resistance at 419 levels and then finally towards the major resistance at 429.50 levels. Support is now observed in the range of 403-402 levels. Trading consistently below 401 levels would lead towards the strong support at 396.60 levels and then finally towards the major support at 392.60 levels. MCX / LME Copper Trading levels for the week Trend: Down S1 402.50 / 6755 S2 396.60 / 6655 R1 412.90 / 6935 R2 418.90 / 7045

Recommendation: Sell MCX Copper August between 412-413, SL-419.50, Target -402.50/397

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Commodities Weekly Technical Report

30.07.2013 to 03.08.2013

MCX CRUDE AUGUST (CMP 6199 / $ 104.49)

MCX Crude August as seen in the weekly chart above has opened at 6425 levels initially moved higher, but found very good resistance at 6487 levels. Later prices fell sharply towards 6174 levels and finally closed sharply lower from the previous weeks closing levels. For the next week we expect Crude prices to find Resistance at 6280-6295 levels. Trading consistently above 6300 levels would lead towards the strong resistance at 6400 levels and then finally towards the major resistance at 6600 levels. Support is now observed in the range of 6090-6070 levels. Trading consistently below 6060 levels would lead towards the strong support at 5973 levels, and then finally towards the Major support at 5875 levels. MCX / NYMEX Crude Oil Trading levels for the week Trend: Down S1- 6086 / $ 102.75 S2-5973 / $ 100.95 R1-6285 / $ 105.65 R2-6400 / $ 107.45

Recommendation: Sell MCX Crude August between 6280-6300, SL-6402, Target -6090.

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