Epic Research Weekly Commodity Market News Of 03rd to 07th November 2014

INDORE, India - Nov. 3, 2014 - PRLog -- GOLD MCX TECHNICAL VIEW

During this week prices rose sharply downwards the contract gold futures for (DEC)

delivery traded at resistance for Spot gold is at $1199 and bias remains weak as short as

held below the same. .

For the next week we expect gold prices to break the support and close below this

level than it Dec .test new level of 25500 .Support is now tacking around this rang in the

range of $1150 levels. Trading consistently below 26300 levels would lead towards the

strong resistance at 26500 levels.

SILVER MCX TECHNICAL VIEW

major movement in silver mcx last week. short term is down trend,mcx silver low @

35797 silver weekly support are now placed at $ 15.50,14.30 will act as strong

resistances weekly downside to positive move could be seen

BUY SILVER (DEC) ABOVE 36500 TGTS 37000/37400 SL BELOW 36000

SELL SILVER (DEC) SELL ON RISE 36200 TGTS 35700/35000 SL ABOVE 36500

COPPER MCX DAILY CHART

MCX COPPER traded with positive bias in the previous session, but failed to breach

above recommended resistance of Rs.423 and closed at Rs.414.7 Supports are

placed at Rs.410 whereas resistance is pegged at Rs.422-425. Sustainable breach

above resistance will confirm positive move and could target Rs.435,445. Buying near

supports is advisable.

BUY COPPER (NOV) ABOVE 422 TGT 428/435 SL BELOW 415

SELL COPPER (NOV) BELOW 416 TGT 410/404 SL ABOVE 422

CRUDEOIL MCX TECHNICAL VIEW

MCX Crude oil Oct as seen in the weekly chart above has opened the week at 4975

levels and as expected during this week price could not able to breach the resistance

zone of 5120-5180 levels and corrected towards the low of 4898 levels. Short term trend

is down

BUY CRUDEOIL (NOV) ABOVE 5120 TGT 5250/5390 SL BELOW 5000

SELL CRUDEOIL (NOV)ON RISE 5000 TGT 4880/4700 SL ABOVE 5120

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