Commodities Weekly Technical Report

25.02.2013 to 01.03.2013

www.angelcommodities.com

Content

Weekly Technical Levels

Strategy/Recommendations

Angel Commodities Broking Pvt. Ltd.

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Prepared by

Samson Pasam – Sr. Technical Analyst

Samsonp@angelbroking.com

(040) 30932632

Commodities Weekly Technical Report

25.02.2013 to 01.03.2013

www.angelcommodities.com

MCX GOLD APRIL (CMP – 29,610 / $ 1580.40)

MCX Gold April as seen in the weekly chart above has opened at 30,215 levels initially made a high of 30275 and then fell

sharply lower, but finally found good support at 29,263 levels. Later prices recovered towards 29,800 levels and finally

closed sharply lower from the previous weeks closing levels.

For the next week we expect gold prices to find Support at 29,170 – 29,130 levels. Trading consistently below 29,120 levels

would lead towards the strong support at 28,755 levels, then 28,600 and then finally towards the major support at 28,396

levels.

Resistance is now observed in the range of 29,780-29,820 levels. Trading consistently above 29,830 levels would lead

towards the strong resistance at 30,162 levels, and then finally towards the Major resistance at 30,724 levels.

MCX / Spot Gold Trading levels for the week

Trend: Down

S1-29,150/ $ 1550 R1-29,750 / $ 1590

S2-28,755 / $ 1520 R2-30,162 / $ 1615

Recommendation: Sell MCX Gold April between 29,790-29,830, SL-30,171, Target -29,170.

Commodities Weekly Technical Report

25.02.2013 to 01.03.2013

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MCX SILVER MARCH (CMP – 53,706 / $ 28.70)

MCX Silver March as seen in the weekly chart above has opened lower at 56,215 levels initially made a high of 56,420 and

then fell sharply lower, but finally found support at 53,077 levels. Later prices recovered towards 54,200 levels and finally

closed lower from the previous weeks closing levels.

For the next week we expect Silver prices to find support in the range of 52,400-52,340 levels. Trading consistently below

52,320 levels would lead towards the strong support at 51,201 levels and then finally towards the major support at 49,750

levels.

Resistance is now observed in the range of 54,400-54,470 levels. Trading consistently above 54,500 levels would lead

towards the strong resistance at 55,700 levels, and then finally towards the major Resistance at 57,700 levels.

MCX / Spot Silver Trading levels for the week

Trend: Down

S1-52,370 / $ 27.91 R1-54,450 / $ 29.04

S2-51,201 / $ 27.13 R2-55,750 / $ 29.82

Recommendation: Sell MCX Silver March Between 54,350-54,400, SL-55,601, Target -52,400

Commodities Weekly Technical Report

25.02.2013 to 01.03.2013

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MCX COPPER FEBRUARY (CMP - 423.70)

MCX Copper February as seen in the weekly chart above has opened on its high at 448.05 levels and then fell sharply lower,

breaking both the support levels, even breaking the monthly first support at 431.50, but finally stopped at the monthly

second Support levels at 423 levels. Later prices recovered marginally towards 424 levels and finally closed sharply lower

from the previous weeks closing levels.

For the next week we expect Copper prices to find initial support in the range of 421.80-421 levels. Trading consistently

below 421 levels would lead towards the strong support at 415 levels. Multiple closing below 415 levels would open the

door for a major decline initially towards 406.50 levels and then finally towards the major support at 397 levels.

Resistance is now observed in the range of 431.50-433.50 levels. Trading consistently above 434 levels would lead towards

the strong resistance at 440 levels and then finally towards the major resistance at 450.60 levels.

MCX Copper Trading levels for the week

Trend: Down

S1 – 415.50 R1 – 431.60

S2 – 406.50 R2 – 440.40

Recommendation: Sell MCX Copper February between 431-433, SL-439.10, Target -416

OR

Buy MCX Copper February between 416-415, SL-405, Target -431

Commodities Weekly Technical Report

25.02.2013 to 01.03.2013

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MCX CRUDE MARCH (CMP – 5073 / $ 93.35)

MCX Crude March as seen in the weekly chart above has opened at 5251 levels initially moved higher, but found very good

resistance at 5289 levels. Later prices fell sharply towards 5041 levels and finally closed sharply lower from the previous

weeks closing levels.

For the next week we expect Crude prices to find support at 4990-4970 levels. Trading consistently below 4969 levels would

lead towards the strong support at 4886 levels and then finally towards the major support at 4836 levels.

Resistance is now observed in the range of 5130-5150 levels. Trading consistently above 5151 levels would lead towards the

strong resistance at 5227 levels, and then finally towards the Major resistance at 5382 levels.

MCX / NYMEX Crude Oil Trading levels for the week

Trend: Down

S1- 4980 / $ 91.40 R1-5134 / $ 94.45

S2-4886 / $ 89.40 R2-5227 / $ 96.45

Recommendation: Sell MCX Crude March between 5130-5150, SL-5232, Target -4990.

OR

Buy MCX Crude March between 4990-4980, SL-4900, Target -5130

Commodities Weekly Technical Report

25.02.2013 to 01.03.2013

www.angelcommodities.com