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 WhatNext ???



-Apr 12th, 2014

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

"Gold prices could rise to $1332 to $1346 and Silver upto $20.56 to $21.09" -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 22 responded this week, 14 see prices up, while 4 see prices down, and 4 see prices unchanged. especially Trading range will be between $1,265-$1,357 levels.

S1:1295.50 S2 :1282 S3:1265.75
R1:1312.45 R2:1326 R3:1357.85

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $18.15-$.21.79 levels.


S1:19.36 S2 :18.98 S3:18.15
R1:20.08 R2:20.87 R3:21.76

Crude : 10 of 15 analysts, forecast Crude Oil will rise in next week. 3 respondents predicted that futures will be little changed and 2 said the contract will fall.

S1:100.75 S2 :100.20 S3:99.15
R1:101.38 R2:101.94 R3:102.55

Copper : 10 of 15 analysts, investors and traders surveyed, said the metal will fall next week. while 3 see prices down, and 3 see prices unchanged. Copper may trade in next week up to 377.70-432.50 levels.

MCX Gold JUN : Now support for the Gold is seen at 28050 and below could see a test of 27835-27425 Resistance is now likely to be seen at 28436 a move above could see prices testing 28650-29030.

S1:28050 S2 :27835 S3:27425
R1:28436 R2:28650 R3:29030

MCX Silver MAY : Now support for the silver is seen at 41600 and below could see a test of 40257-38942 Resistance is now likely to be seen at 43450 a move above could see prices testing 44658-46835.

S1:41600 S2:40257 S3:38942
R1:43450 R2:44658 R3:46835

MCX Crude Oil APR : Now support for the Crude is seen at 6055 and below could see a test of 5862. Resistance is now likely to be seen at 6188, a move above could see prices testing 6235-6305.

S1:6050 S2:5970 S3:5862
R1:6188 R2:6235 R3:6305

MCX Copper APR : Now support for Copper is seen at 398.50 and below could see a test of 390.55-378.70. Resistance is now likely to be seen at 409.85, a move above could see prices testing 415.40-427.55

S1:398.50 S2:390.55 S3:378.70
R1:409.85 R2:415.40 R3:427.55

MCX Zinc APR : Now support for the Zinc is seen at 118.55 and below could see a test of 117.10-112.25. Resistance is now likely to be seen at 122.50, a move above could see prices testing 124.95-128.80

S1:118.55 S2:117.10  S3:112.25
R1:122.50 R2:124.95 R3:128.80

MCX Lead APR : Now support for the Lead is seen at 121.65 and below could see a test of 118.80-113.25. Resistance is now likely to be seen at 125.20, a move above could see prices testing 127.95-130.80

S1:121.65 S2:118.80  S3:113.25
R1:125.20 R2:127.95 R3:130.80

MCX Nickel APR : Now support for the Nickel is seen at 950.65 and below could see a test of 932.80-905.25. Resistance is now likely to be seen at 998.20, a move above could see prices testing 1028.95-1045.80

S1:950.65 S2:932.80   S3:905.25
R1:998.20 R2:1028.95 R3:1045.80

MCX NG APR : Now support for the Natural Gas is seen at 358.65 and below could see a test of 343.80-225.25. Resistance is now likely to be seen at 275.20, a move above could see prices testing 286.95-302.80

S1:258.65 S2:243.80  S3:225.25
R1:275.20 R2:286.95 R3:302.80

 
      APR 14th:
      Core Retail Sales m/m:
     
Previous: 0.5% Forecast: 0.7%
      Actual > Forecast = Good for Dollar
      APR 14th:
      Retail Sales m/ms:
     
Previous: 0.8% Forecast: 1.1%
      Actual > Forecast = Good for Dollar
      APR 15th:
      Core CPI m/m:
     
Previous: 0.1% Forecast: 0.2%
      Actual > Forecast = Good for Dollar
      APR 15th:
      Fed Chair Yellen Speaks:
     
Previous: 326K Forecast: 314K
      More hawkish than expected = Good for Dollar
      APR 16th:
      Building Permits:
     
Previous: 1.01M Forecast: 1.00M
      Actual > Forecast = Good for Dollar
      APR 16th:
      Crude Oil Inventories:
  
    Previous: 4.0M Forecast: 1.3M


 

 
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