Daily Commodity Report by www.epicresearch.co 04th July 2013

Wednesday, July 3, 2013 23:46

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GOLD MCX HOURLYCHART & LEVELS

TRADING STRATEGY:

GOLD MCX May trade sideways due to U.S. market close. Only USDINR (crrency) will effect the moment of GOLD MCX. So do not over trade.

Immedaite Resistance @26400 and Support @26100

1. Sell GOLD MCX Around 26350-26400 TGT 26200/25100 SL 26500

2. Buy GOLD MCX Arround 26070-26100 TGT 26200/26300 SL 25970

SILVER MCXHOURLY CHART 7 LEVELS

SILVER MCX May trade sideways due to U.S. market close. Only USDINR (crrency) will effect the moment of SILVER MCX. So do not over trade.

Immediate Resistance @41720 and Support @41075

1. Sell SILVER MCX BeLow 40400 TGT 40150/39950 SL 40600

2. Buy SILVER MCX Around 41100 TGT 41300/41600 SL 40900

CRUDEOIL MCX HOURLY CHART & LEVELS

CRUDEOIL MCX last week has a strong bull run and those who missed the rally now wait for a correction to enter.

Immediate Resistance @6135 And Support @6070

1. Buy CRUDEOIL MCX above @6145 TGT 6165/6200 SL 6120

2. Sell CRUDEOIL MCX below 6060 TGT 6030/5990 SL 5850

COPPER COMEX DAILY CANDLESTICK CHART

COPPER MCX is trading is up trend and any correction towards 415 is buying opportunity. Above 421 Copper MCX has enterd bullish zone.

Immediate Resistance @426 and Support @421

1. Buy COPPER MCX above 423 TGT 426/429 SL 419

2. Sell COPPER MCX below 420 TGT 417/414 SL 423

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