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 WhatNext ???



-FEB 6th, 2016

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

"Gold prices could rise to $1185 to $1198 and Silver upto $15.47 to $15.96" -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 18 responded this week, 11 see prices up, while 7 see prices down, and 1 see prices unchanged. especially Trading range will be between $1,132-$1,203 levels.

S1:1165.50 S2 :1148 S3:1132.50
R1:1182.45 R2:1193 R3:1203.45

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $13.93.-$.16.35 levels.


S1:14.70 S2 :14.36 S3:13.93
R1:15.38 R2:15.84 R3:16.35

Crude : 5 of 15 analysts, forecast Crude Oil will fall in next week. 2 respondents predicted that futures will be little changed and 8 said the contract will rise.

S1:30.50 S2:29.01 S3:27.23
R1:32.62 R2:33.93 R3:35.97
 

Copper : 6 of  15 analysts, investors and traders surveyed, said the metal will fall next week. while 7 see prices rise, and 2 see prices unchanged. Copper may trade in next week up to 291.70-332.50 levels.

MCX Gold APR : Now support for the Gold is seen at 27260 and below could see a test of 26845-26313 Resistance is now likely to be seen at 27789 a move above could see prices testing 28024-28496.

S1:27260 S2 :26845 S3:26313
R1:27789 R2:28024 R3:28496

MCX Silver MAR : Now support for the silver is seen at 34532 and below could see a test of 33249-32050 Resistance is now likely to be seen at 36568 a move above could see prices testing 37857-39145.

S1:34532 S2:33249 S3:32050
R1:36568 R2:37857 R3:39145

MCX Crude Oil FEB : Now support for the Crude is seen at 2050 and below could see a test of 1835. Resistance is now likely to be seen at 2265, a move above could see prices testing 2360-2593.

S1:2050 S2:1954 S3:1835
R1:2265 R2:2360 R3:2593

MCX Copper FEB : Now support for Copper is seen at 310.50 and below could see a test of 302.55-291.70. Resistance is now likely to be seen at 320.85, a move above could see prices testing 328.40-339.55

S1:310.50 S2:302.55 S3:291.70
R1:320.85 R2:328.40 R3:339.55

MCX Zinc FEB : Now support for the Zinc is seen at 110.55 and below could see a test of 105.10.10-102.25. Resistance is now likely to be seen at 118.50, a move above could see prices testing 120.95-126.70

S1:110.55 S2:105.10 S3: 102.25
R1:118.50 R2:120.95 R3:126.70

MCX Lead FEB  : Now support for the Lead is seen at 117.65 and below could see a test of 114.80-109.25. Resistance is now likely to be seen at 123.55, a move above could see prices testing 126.70-129.80

S1:117.65 S2:114.80 S3:109.25
R1:123.55 R2:126.70 R3:129.80

MCX Nickel FEB : Now support for the Nickel is seen at 543.65 and below could see a test of 524.80-501.25 Resistance is now likely to be seen at 592.20, a move above could see prices testing 636.95-669.80

S1:543.65 S2:524.80  S3:501.25
R1:592.20 R2:636.95 R3:669.80

MCX NG FEB : Now support for the Natural Gas is seen at 135.65 and below could see a test of 129.80-122.25. Resistance is now likely to be seen at 143.70, a move above could see prices testing 148.95-153.80

S1:135.65 S2:129.80 S3:122.25
R1:143.70 R2:148.95 R3:153.80

 

      FEB 10th:
      Fed Chair Yellen Testifies:
     
More hawkish than expected = Good for Dollar

      FEB 10th:
      Crude Oil Inventories:
     
Previous: 7.8M  Forecast: 3.2M

      FEB 11th:
      Unemployment Claims:
     
Previous: 285K  Forecast: 287K
      Actual < Forecast = Good for Dollar

      FEB 12th:
      Core Retail Sales m/m:
     
Previous: -0.1%  Forecast: 0.0%
      Actual > Forecast = Good for Dollar

      FEB 12th:
      Retail Sales m/m:
     
Previous: -0.1%  Forecast: 0.0%
      Actual > Forecast = Good for Dollar

      FEB 12th:
      Prelim UoM Consumer Sentiment:
     
Previous: 92.0  Forecast: 92.60
      Actual > Forecast = Good for Dollar




 

 
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