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 WhatNext ???



-OCT 18th, 2014

Jyothi Rao Anadula
Senior Research Analyst
sQuareindia Advisory Pvt. Ltd.

"Gold prices will trade down to $1223 to $1206 and Silver upto $16.83 to $16.45." -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 23 responded this week, 8 see prices up, while 10 see prices down, and 5 see prices unchanged. especially Trading range will be between $1,223-$1,265 levels.

S1:1232.50 S2 :1225 S3:1206.75
R1:1245.45 R2:1251 R3:1265.50

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $16.12-$.18.83 levels.


S1:17.07 S2 :16.75 S3:16.12
R1:17.68 R2:18.05 R3:18.83

Crude : 15 of 25 analysts, forecast Crude Oil will rise in next week. 3 respondents predicted that futures will be little changed and 7 said the contract will fall.

S1:82.35   S2:81.90  S3:81.32
R1:83.43   R2:83.94  R3:84.28

Copper : 11 of 15 analysts, investors and traders surveyed, said the metal will fall next week. while 1 see prices rise, and 3 see prices unchanged. Copper may trade in next week up to 387.70-428.50 levels.

MCX Gold DEC : Now support for the Gold is seen at 26150 and below could see a test of 26980-26715 Resistance is now likely to be seen at 26350 a move above could see prices testing 26500-27856.

S1:27150 S2 :26980 S3:26715
R1:27350 R2:27500 R3:27856

MCX Silver DEC : Now support for the silver is seen at 37900 and below could see a test of 36957-36002 Resistance is now likely to be seen at 39250 a move above could see prices testing 40158-41990.

S1:37900 S2:36957 S3:36002
R1:39250 R2:40158 R3:41990

MCX Crude Oil OCT : Now support for the Crude is seen at 5023 and below could see a test of 4846. Resistance is now likely to be seen at 5145, a move above could see prices testing 5230-5303.

S1:5023 S2:4950 S3:4846
R1:5145 R2:5230 R3:5303

MCX Copper NOV : Now support for Copper is seen at 405.50 and below could see a test of 402.55-391.70. Resistance is now likely to be seen at 415.85, a move above could see prices testing 420.40-429.55

S1:405.50 S2:402.55 S3:391.70
R1:415.85 R2:420.40 R3:429.55

MCX Zinc OCT : Now support for the Zinc is seen at 136.55 and below could see a test of 134.10-132.25. Resistance is now likely to be seen at 140.50, a move above could see prices testing 142.95-144.80

S1:136.55 S2:134.10  S3:132.25
R1:140.50 R2:142.95 R3:144.80

MCX Lead OCT : Now support for the Lead is seen at 123.65 and below could see a test of 121.80-119.25. Resistance is now likely to be seen at 126.20, a move above could see prices testing 128.95-130.80

S1:123.65 S2:121.80  S3:119.25
R1:126.20 R2:128.95 R3:130.80

MCX Nickel OCT : Now support for the Nickel is seen at 943.65 and below could see a test of 920.80-900.25 Resistance is now likely to be seen at 980.20, a move above could see prices testing 1000.95-1030.80

S1:943.65    S2:920.80    S3:900.25
R1:980.20   R2:1000.95  R3:1030.80

MCX NG OCT : Now support for the Natural Gas is seen at 228.65 and below could see a test of 222.80-213.25. Resistance is now likely to be seen at 240.20, a move above could see prices testing 247.95-258.80

S1:228.65 S2:222.80  S3:213.25
R1:240.20 R2:247.95 R3:258.80

 
      OCT 22nd:
      Core CPI m/m:
     
Previous: 0.0% Forecast: 0.2%
     
Actual > Forecast = Good for Dollar
      OCT 22nd:
      Crude Oil Inventories:
     
Previous: 8.9M Forecast: 3.5M
      OCT 23rd:
      Unemployment Claims:
     
Previous: 264K Forecast: 269K
      Actual < Forecast = Good for Dollar
      OCT 23rd:
      New Home Sales:
     
Previous: 504K Forecast: 473K
      Actual > Forecast = Good for Dollar



 

 
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