Epic Research Weekly Commodity Market News Of 08th to 12th December 2014

INDORE, India - Dec. 8, 2014 - PRLog -- GOLD MCX TECHNICAL VIEW

MCX Gold February as seen in the weekly chart above has opened the week at 26075

levels and made a low of 25526 levels. During this week price could not able to breach the

support zone of 26000-25800 levels and bounced sharply towards the high of 27030

levels. At the end of the week price corrected towards the up side and Technically, as per

the candlestick pattern prices have formed “Bullish candlestick pattern” indicating

optimism for the coming trading sessions.

BUY GOLD (FEB) ABOVE 26650 TGTS 26850/27100 SL BELOW 26450

SELL GOLD (FEB)ON RISE 26300TGTS 26150/26000 SL ABOVE 26450

SILVER MCX TECHNICAL VIEW

MCX Silver march as seen in the weekly chart above has opened at 34498 levels and

made a high of 37846 levels. During the week prices could not able to breach the

resistance zone of 37600-38300 levels and corrected sharply towards the low of 33832

levels.

BUY SILVER (MAR) ABOVE 37500 TGTS 38000/38700 SL BELOW 36900

SELL SILVER (MAR) BELOW 36300 TGTS 35800/35100 SL ABOVE 36900

COPPER MCX DAILY CHART

MCX Copper February as seen in the weekly chart above has opened at 396.10 levels

and in the starting of the week price have made a high of 407 levels but could not able to

sustain on resistance zone of 412-415 and corrected sharply towards the weekly low of

390.40 levels.

BUY COPPER (FEB) ABOVE 407.50 TGT 413.50/421 SL BELOW 401

SELL COPPER (FEB) BELOW 400 TGT 395/388 SL ABOVE 407

CRUDEOIL MCX TECHNICAL VIEW

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

4185 levels and as expected during this week price could not able to breach the

resistance zone of 4150-4280 levels and corrected towards the low of 3982 levels.

For the next week we expect crude oil prices to find support in the range of 3900-3720

levels.

BUY CRUDEOIL (DEC) ABOVE 4250 TGT 4400/4600 SL BELOW 4050

SELL CRUDEOIL (DEC) ON RISE 4200TGT 4050/3850 SL ABOVE 4400

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