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-JUL 19th, 2014

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

"This Week Gold will rise to $1325-$1337 and Silver upto 21.72-22.35" -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 25 responded this week, 11 see prices up, while 9 see prices down, and 5 see prices unchanged. especially Trading range will be between $1,285-$1,337 levels.

S1:1302.50 S2 :1295 S3:1285.75
R1:1316.45 R2:1324 R3:1337.50

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $19.24-$.22.08 levels.


S1:20.50 S2 :20.36 S3:19.72
R1:21.15 R2:21.40 R3:22.08

Crude : 9 of 14 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.

S1:101.75   S2 :101.30  S3:100.45
R1:102.34   R2:102.86   R3:103.39

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 419.70-447.50 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 44100 and below could see a test of 43057-42242 Resistance is now likely to be seen at 45650 a move above could see prices testing 46358-47790.

S1:44100 S2:43057 S3:42242
R1:45650 R2:46358 R3:47790

MCX Crude Oil JUL : Now support for the Crude is seen at 6150 and below could see a test of 6005. Resistance is now likely to be seen at 6239, a move above could see prices testing 6298-6373.

S1:6150 S2:6090 S3:6005
R1:6239 R2:6298 R3:6373

MCX Copper AUG : Now support for Copper is seen at 422.50 and below could see a test of 418.55-407.70. Resistance is now likely to be seen at 433.85, a move above could see prices testing 440.40-451.55

S1:422.50 S2:418.55 S3:407.70
R1:433.85 R2:440.40 R3:451.55

MCX Zinc JUL : Now support for the Zinc is seen at 136.55 and below could see a test of 134.10-131.25. Resistance is now likely to be seen at 139.50, a move above could see prices testing 141.95-144.80

S1:136.55 S2:134.10  S3:131.25
R1:139.50 R2:141.95 R3:144.80

MCX Lead JUL : Now support for the Lead is seen at 129.65 and below could see a test of 127.80-125.25. Resistance is now likely to be seen at 134.20, a move above could see prices testing 135.95-137.80

S1:129.65 S2:127.80  S3:125.25
R1:134.20 R2:135.95 R3:137.80

MCX Nickel JUL : Now support for the Nickel is seen at 1100.65 and below could see a test of 1075.80-1023.25 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  S3:1023.25
R1:1156.20  R2:1193.95  R3:1225.80

MCX NG JUL : Now support for the Natural Gas is seen at 334.65 and below could see a test of 327.80-218.25. Resistance is now likely to be seen at 242.20, a move above could see prices testing 249.95-255.80

S1:234.65 S2:227.80  S3:218.25
R1:242.20 R2:249.95 R3:255.80

 
      JUL 22nd:
      Existing Home Sales:
     
Previous: 4.89M Forecast: 4.98M
     
Actual > Forecast = Good for Dollar
      JUL 23rd:
      Crude Oil Inventories:
     
Previous: -7.5M Forecast: 2.5M
      JUL 24th:
      Unemployment Claims:
     
Previous: 302K Forecast: 310K
      Actual < Forecast = Good for Dollar
      JUL 24th:
      New Home Sales:
     
Previous: 504K Forecast: 485K
      Actual > Forecast = Good for Dollar
      JUL 24th:
      Natural Gas Storage:
     
Previous: 107B Forecast: 100B
      JUL 25th:
      Core Durable Goods Orders m/m:
     
Previous: 0.0% Forecast: 0.6%
      Actual > Forecast = Good for Dollar



 

 
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