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 WhatNext ???



-Nov 23rd, 2014

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

"Gold will fall upto $1175-$1138 and Silver upto $15.63-$14.87 " -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 23 responded this week, 14 see prices up, while 6 see prices down, and 3 see prices unchanged. especially Trading range will be between $1,238-$1,158 levels.

S1:1193.50 S2 :1180 S3:1158.75
R1:1212.45 R2:1224 R3:1238.50

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $15.63-$.14.87 levels.


S1:15.80 S2 :15.25 S3:14.95
R1:16.68 R2:17.05 R3:17.83

Crude : 17 of 20 analysts, forecast Crude Oil will rise in next week. 2 respondents predicted that futures will be little changed and 1 said the contract will fall.

S1:76.35   S2:75.80  S3:75.28
R1:76.98   R2:77.24  R3:77.85

Copper : 12 of 15 analysts, investors and traders surveyed, said the metal will fall next week. while 1 see prices rise, and 2 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 26200 and below could see a test of 26080-25715 Resistance is now likely to be seen at 26495 a move above could see prices testing 26600-26856.

S1:26200 S2 :26080 S3:25715
R1:26495 R2:26600 R3:26856

MCX Silver DEC : Now support for the silver is seen at 35100 and below could see a test of 33957-32402 Resistance is now likely to be seen at 36550 a move above could see prices testing 37158-38990.

S1:35100 S2:33957 S3:32404
R1:36550 R2:37158 R3:38990

MCX Crude Oil NOV : Now support for the Crude is seen at 4600 and below could see a test of 4412. Resistance is now likely to be seen at 4735, a move above could see prices testing 4803-4986.

S1:4600 S2:4520 S3:4412
R1:4735 R2:4803 R3:4986

MCX Copper NOV : Now support for Copper is seen at 409.50 and below could see a test of 403.55-391.70. Resistance is now likely to be seen at 418.85, a move above could see prices testing 424.40-436.55

S1:409.50 S2:403.55 S3:391.70
R1:418.85 R2:424.40 R3:436.55

MCX Zinc NOV : Now support for the Zinc is seen at 139.55 and below could see a test of 137.10-134.25. Resistance is now likely to be seen at 142.50, a move above could see prices testing 144.95-147.80

S1:139.55 S2:137.10  S3:134.25
R1:142.50 R2:144.95 R3:147.80

MCX Lead NOV : Now support for the Lead is seen at 123.65 and below could see a test of 121.80-118.25. Resistance is now likely to be seen at 127.20, a move above could see prices testing 129.95-131.80

S1:123.65 S2:121.80  S3:118.25
R1:127.20 R2:129.95 R3:131.80

MCX Nickel NOV : Now support for the Nickel is seen at 980.65 and below could see a test of 920.80-880.25 Resistance is now likely to be seen at 1032.20, a move above could see prices testing 1067.95-1120.80

S1:980.65    S2:920.80    S3:880.25
R1:1032.20  R2:1067.95  R3:1120.80

MCX NG NOV : Now support for the Natural Gas is seen at 259.65 and below could see a test of 247.80-230.25. Resistance is now likely to be seen at 273.20, a move above could see prices testing 285.95-292.80

S1:259.65 S2:247.80  S3:230.25
R1:273.20 R2:285.95 R3:292.80

 
      NOV 25th:
      CB Consumer Confidence:
     
Previous: 94.5 Forecast: 95.9
     
Actual > Forecast = Good for Dollar
      NOV 26th:
      Core Durable Goods Orders m/m:
     
Previous: -0.1% Forecast: 0.5%
      Actual > Forecast = Good for Dollar
      NOV 26th:
      New Home Sales:
     
Previous: 467K Forecast: 471K
      Actual > Forecast = Good for Dollar
      NOV 26th:
      Unemployment Claims:
     
Previous: 291K Forecast: 287K
      Actual < Forecast = Good for Dollar



 

 
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