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 WhatNext ???



-Sep 13th, 2014

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

"Gold prices could fall upto $1213 to $1192 and Silver upto $17.33 to $16.50" -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 24 responded this week, 5 see prices up, while 18 see prices down, and 1 see prices unchanged. especially Trading range will be between $1,238-$1,302 levels.

S1:1220.50 S2 :1208 S3:1196.75
R1:1235.45 R2:1247 R3:1269.50

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $17.23-$.20.63 levels.


S1:18.05 S2 :17.65 S3:17.23
R1:19.25 R2:19.98 R3:20.63

Crude : 15 of 20 analysts, forecast Crude Oil will rise in next week. 3 respondents predicted that futures will be little changed and 2 said the contract will fall.

S1:91.73   S2:91.28  S3:90.65
R1:92.75   R2:93.26  R3:94.08

Copper : 9 of 20 analysts, investors and traders surveyed, said the metal will fall next week. while 8 see prices rise, and 3 see prices unchanged. Copper may trade in next week up to 402.70-442.50 levels.

MCX Gold OCT : Now support for the Gold is seen at 26700 and below could see a test of 26556-26225 Resistance is now likely to be seen at 27058 a move above could see prices testing 27202-27556.

S1:26700 S2 :26556 S3:26225
R1:27058 R2:27202 R3:27556

MCX Silver DEC : Now support for the silver is seen at 40500 and below could see a test of 39757-38442 Resistance is now likely to be seen at 41850 a move above could see prices testing 42058-43990.

S1:40500 S2:39757 S3:38442
R1:41850 R2:42058 R3:43990

MCX Crude Oil SEP : Now support for the Crude is seen at 5613 and below could see a test of 5446. Resistance is now likely to be seen at 5730, a move above could see prices testing 5795-5890.

S1:5613 S2:5532 S3:5446
R1:5730 R2:5795 R3:5890

MCX Copper NOV : Now support for Copper is seen at 420.50 and below could see a test of 417.55-408.70. Resistance is now likely to be seen at 433.85, a move above could see prices testing 439.40-447.55

S1:420.50 S2:417.55 S3:408.70
R1:433.85 R2:439.40 R3:447.55

MCX Zinc SEP : Now support for the Zinc is seen at 136.55 and below could see a test of 131.10-136.25. Resistance is now likely to be seen at 141.50, a move above could see prices testing 143.95-146.80

S1:136.55 S2:134.10  S3:131.25
R1:141.50 R2:143.95 R3:146.80

MCX Lead SEP : Now support for the Lead is seen at 127.65 and below could see a test of 125.80-121.25. Resistance is now likely to be seen at 132.20, a move above could see prices testing 134.95-137.80

S1:127.65 S2:125.80  S3:121.25
R1:132.20 R2:134.95 R3:137.80

MCX Nickel SEP : Now support for the Nickel is seen at 1100.65 and below could see a test of 1075.80-1008.25 Resistance is now likely to be seen at 1156.20, a move above could see prices testing 1193.95-1225.80

S1:1100.65  S2:1075.80  S3:1008.25
R1:1156.20  R2:1193.95  R3:1225.80

MCX NG SEP : Now support for the Natural Gas is seen at 331.65 and below could see a test of 325.80-218.25. Resistance is now likely to be seen at 239.20, a move above could see prices testing 244.95-257.80

S1:231.65 S2:225.80  S3:218.25
R1:239.20 R2:244.95 R3:257.80

 
      SEP 16th:
      PPI m/m:
     
Previous: 0.1% Forecast: 0.1%
      Actual > Forecast = Good for Dollar
      SEP 17th:
      Core CPI m/m:
     
Previous: 0.1% Forecast: 0.2%
      Actual > Forecast = Good for Dollar

      SEP 17th:
      Federal Funds Rate:
     
Previous: <0.25% Forecast: <0.25%

      SEP 18th:
      Building Permits:
     
Previous: 1.06M Forecast: 1.04M
      Actual > Forecast = Good for Dollar
      SEP 18th:
      Unemployment Claims:
     
Previous: 315K Forecast: 312K
      Actual < Forecast = Good for Dollar
      SEP 18th:
      Philly Fed Manufacturing Index:
     
Previous: 28.0 Forecast: 22.80
      Actual > Forecast = Good for Dollar



 

 
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