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 WhatNext ???



-APR 30th, 2016

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

"Gold prices could rise to $1302 to $1325 and Silver upto $18.25 to $18.64" -PrataP Kolagatla, Chairman, sQuareindia Group

Gold : 21 responded this week, 15 see prices up, while 5 see prices down, and 1 see prices unchanged. especially Trading range will be between $1,262-$1,325 levels.

S1:1287.50 S2 :1274 S3:1262.50
R1:1299.45 R2:1307 R3:1325.45

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $16.87.-$18.95 levels.


S1:17.55 S2 :17.30 S3:16.87
R1:18.26 R2:18.64 R3:18.95

Crude : 6 of 18 analysts, forecast Crude Oil will fall in next week. 4 respondents predicted that futures will be little changed and 8 said the contract will rise.

S1:44.20 S2:42.81 S3:39.53
R1:47.92 R2:49.03 R3:51.97
 

Copper : 8 of  15 analysts, investors and traders surveyed, said the metal will fall next week. while 5 see prices rise, and 2 see prices unchanged. Copper may trade in next week up to 317.70-359.50 levels.

MCX Gold JUN : Now support for the Gold is seen at 30130 and below could see a test of 29725-29013 Resistance is now likely to be seen at 30489 a move above could see prices testing 30624-31096.

S1:30130 S2 :29725 S3:29013
R1:30489 R2:30624 R3:31096

MCX Silver MAY : Now support for the silver is seen at 40332 and below could see a test of 39549-37350 Resistance is now likely to be seen at 41968 a move above could see prices testing 42457-44345.

S1:40332 S2:39549 S3:37350
R1:41968 R2:42457 R3:44345

MCX Crude Oil MAY : Now support for the Crude is seen at 2930 and below could see a test of 2705. Resistance is now likely to be seen at 3095, a move above could see prices testing 3180-3273.

S1:2930 S2:2854 S3:2705
R1:3095 R2:3180 R3:3273

MCX Copper APR : Now support for Copper is seen at 329.50 and below could see a test of 324.55-313.70. Resistance is now likely to be seen at 339.85, a move above could see prices testing 343.40-351.55

S1:329.50 S2:324.55 S3:313.70
R1:339.85 R2:343.40 R3:351.55

MCX Zinc APR : Now support for the Zinc is seen at 127.55 and below could see a test of 125.10-121.25. Resistance is now likely to be seen at 131.50, a move above could see prices testing 134.95-139.70

S1:127.55 S2:125.10 S3: 121.25
R1:131.50 R2:134.95 R3:139.70

MCX Lead APR  : Now support for the Lead is seen at 117.65 and below could see a test of 115.80-109.25. Resistance is now likely to be seen at 121.55, a move above could see prices testing 123.70-126.80

S1:117.65 S2:115.80 S3:109.25
R1:121.55 R2:123.70 R3:126.80

MCX Nickel APR : Now support for the Nickel is seen at 612.65 and below could see a test of 601.80-587.25 Resistance is now likely to be seen at 634.20, a move above could see prices testing 642.95-655.80

S1:612.65 S2:601.80  S3:587.25
R1:634.20 R2:642.95 R3:655.20

MCX NG APR : Now support for the Natural Gas is seen at 138.65 and below could see a test of 133.80-126.25. Resistance is now likely to be seen at 145.70, a move above could see prices testing 149.95-157.80

S1:138.65 S2:133.80 S3:126.25
R1:145.70 R2:149.95 R3:157.80

 

      MAY 5th:
      ISM Non-Manufacturing PMI:
     
Previous: 54.1  Forecast: 55.1
      Actual > Forecast = Good for Dollar

      MAY 6th:
      Crude Oil Inventories:
     
Previous: 3.1M  Forecast: -4.0M

      MAY 7th:
      Unemployment Claims:
     
Previous: 271K Forecast: 267K
      Actual < Forecast = Good for Dollar

      MAY 7th:
      Fed Chair Yellen Speaks:

      Previous: 7B  Forecast: 12B




 

 
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