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-JUL 26th, 2014

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

"This Week Gold will fall upto $1293-$1277 and Silver upto $19.35-18.68" -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 22 responded this week, 4 see prices up, while 14 see prices down, and 4 see prices unchanged. especially Trading range will be between $1,277-$1,338 levels.

S1:1300.50 S2 :1293 S3:1277.75
R1:1315.45 R2:1323 R3:1338.50

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $19.32-$.21.98 levels.


S1:20.50 S2 :20.06 S3:19.32
R1:20.93 R2:21.23 R3:21.98

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

S1:101.50   S2 :101.18  S3:100.67
R1:101.95   R2:102.26   R3:102.88

Copper : 7 of 15 analysts, investors and traders surveyed, said the metal will fall next week. while 6 see prices down, and 2 see prices unchanged. Copper may trade in next week up to 422.70-452.50 levels.

MCX Gold AUG : Now support for the Gold is seen at 28830 and below could see a test of 27700-27225 Resistance is now likely to be seen at 28180 a move above could see prices testing 28330-28656.

S1:27830 S2 :27700 S3:27225
R1:28180 R2:28330 R3:28656

MCX Silver SEP : Now support for the silver is seen at 43600 and below could see a test of 42857-41042 Resistance is now likely to be seen at 45250 a move above could see prices testing 46058-47290.

S1:43600 S2:42857 S3:41042
R1:45250 R2:46058 R3:47290

MCX Crude Oil AUG : Now support for the Crude is seen at 6103 and below could see a test of 5925. Resistance is now likely to be seen at 6212, a move above could see prices testing 6278-6323.

S1:6103 S2:6020 S3:5925
R1:6212 R2:6278 R3:6323

MCX Copper AUG : Now support for Copper is seen at 425.50 and below could see a test of 420.55-413.70. Resistance is now likely to be seen at 437.85, a move above could see prices testing 443.40-456.55

S1:425.50 S2:420.55 S3:413.70
R1:437.85 R2:443.40 R3:456.55

MCX Zinc JUL : Now support for the Zinc is seen at 142.55 and below could see a test of 139.10-133.25. Resistance is now likely to be seen at 146.50, a move above could see prices testing 148.95-152.80

S1:142.55 S2:139.10  S3:133.25
R1:146.50 R2:148.95 R3:152.80

MCX Lead JUL : Now support for the Lead is seen at 133.65 and below could see a test of 131.80-126.25. Resistance is now likely to be seen at 137.20, a move above could see prices testing 134.95-129.80

S1:133.65 S2:131.80  S3:126.25
R1:137.20 R2:134.95 R3:129.80

MCX Nickel JUL : Now support for the Nickel is seen at 1120.65 and below could see a test of 1095.80-1048.25 Resistance is now likely to be seen at 1156.20, a move above could see prices testing 1193.95-1225.80

S1:1120.65  S2:1095.80  S3:1048.25
R1:1156.20  R2:1193.95  R3:1225.80

MCX NG JUL : Now support for the Natural Gas is seen at 323.65 and below could see a test of 317.80-208.25. Resistance is now likely to be seen at 232.20, a move above could see prices testing 238.95-249.80

S1:223.65 S2:217.80  S3:208.25
R1:232.20 R2:238.95 R3:249.80

 
      JUL 28th:
      Pending Home Sales m/m:
     
Previous: 6.1% Forecast: -0.2%
     
Actual > Forecast = Good for Dollar
      JUL 29th:
      CB Consumer Confidence:
     
Previous: 85.2 Forecast: 85.5
      Actual > Forecast = Good for Dollar
      JUL 30th:
      ADP Non-Farm Employment Change:
     
Previous: 281K Forecast: 234K
      Actual > Forecast = Good for Dollar
      JUL 30th:
      Advance GDP q/q:
     
Previous: -2.9% Forecast: 3.1%
      Actual > Forecast = Good for Dollar
      JUL 30th:
      Federal Funds Rate:
     
Previous: 0.25% Forecast: 0.25%
      Actual > Forecast = Good for Dollar
      JUL 31st:
      Unemployment Claims:
     
Previous: 384K Forecast: 306K
      Actual > Forecast = Good for Dollar
      AUG 1st:
      ANon-Farm Employment Change:
     
Previous: 288K Forecast: 230K
      Actual > Forecast = Good for Dollar
      AUG 1st:
      ISM Manufacturing PMI:
     
Previous: 55.3 Forecast: 56.1
      Actual > Forecast = Good for Dollar



 

 
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