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 WhatNext ???



-Jan 17th, 2014

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

"Gold prices could rise to $1295 to $1308 and Silver upto $17.98 to $18.55 " -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 20 responded this week, 12 see prices up, while 6 see prices down, and 2 see prices unchanged. especially Trading range will be between $1,232-$1,308 levels.

S1:1265.50 S2 :1250 S3:1232.50
R1:1289.45 R2:1298 R3:1308.50

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $16.45-$.18.80 levels.


S1:17.30 S2 :17.02 S3:16.45
R1:17.93 R2:18.25 R3:18.80

Crude : 10 of 15 analysts, forecast Crude Oil will fall in next week. 3 respondents predicted that futures will be little changed and 2 said the contract will fall.

S1:48.25   S2:47.97  S3:47.28
R1:49.65   R2:49.95  R3:50.54

Copper : 5 of 10 analysts, investors and traders surveyed, said the metal will fall next week. while 2 see prices rise, and 3 see prices unchanged. Copper may trade in next week up to 332.70-376.50 levels.

MCX Gold FEB : Now support for the Gold is seen at 27512 and below could see a test of 27386-27043 Resistance is now likely to be seen at 27785 a move above could see prices testing 27914-28156.

S1:27512 S2 :27386 S3:27043
R1:27785 R2:27914 R3:28156

MCX Silver MAR : Now support for the silver is seen at 38567 and below could see a test of 37849-36050 Resistance is now likely to be seen at 39768 a move above could see prices testing 40657-41945.

S1:38567 S2:37849 S3:36050
R1:39768 R2:40657 R3:41945

MCX Crude Oil JAN : Now support for the Crude is seen at 2920 and below could see a test of 2775. Resistance is now likely to be seen at 3043, a move above could see prices testing 3092-3185.

S1:2920 S2:2865 S3:2775
R1:3043 R2:3092 R3:3185

MCX Copper FEB : Now support for Copper is seen at 352.50 and below could see a test of 343.55-328.70. Resistance is now likely to be seen at 367.85, a move above could see prices testing 374.40-389.55

S1:352.50 S2:343.55 S3:328.70
R1:367.85 R2:374.40 R3:389.55

MCX Zinc JAN : Now support for the Zinc is seen at 126.55 and below could see a test of 124.10-120.25. Resistance is now likely to be seen at 131.50, a move above could see prices testing 133.95-136.80

S1:126.55 S2:124.10  S3:120.25
R1:131.50 R2:133.95 R3:136.80

MCX Lead JAN : Now support for the Lead is seen at 111.65 and below could see a test of 109.80-105.25. Resistance is now likely to be seen at 115.20, a move above could see prices testing 116.95-120.80

S1:111.65 S2:109.80  S3:105.25
R1:115.20 R2:116.95 R3:120.80

MCX Nickel JAN : Now support for the Nickel is seen at 898.65 and below could see a test of 883.80-843.25 Resistance is now likely to be seen at 926.20, a move above could see prices testing 947.95-975.80

S1:898.65  S2:883.80  S3:843.25
R1:926.20  R2:947.95  R3:975.80

MCX NG JAN : Now support for the Natural Gas is seen at 186.65 and below could see a test of 182.80-167.25. Resistance is now likely to be seen at 198.70, a move above could see prices testing 205.95-213.80

S1:186.65 S2:182.80  S3:167.25
R1:198.70 R2:205.95 R3:213.80

 
      JAN 21st:
      Building Permits:
     
Previous: 1.05M Forecast: 1.06M
      Actual > Forecast = Good for Dollar
      JAN 22nd:
      Unemployment Claims:
     
Previous: 316K Forecast: 301K
      Actual < Forecast = Good for Dollar
      JAN 22nd:
      Crude Oil Inventories:
     
Previous: 5.4M Forecast: 1.5M
      JAN 14th:
      PPI m/m:
     
Previous: -0.2% Forecast: -0.3%
     
Actual > Forecast = Good for Dollar



 

 
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