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 WhatNext ???



-AUG 31st, 2015

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

"Gold prices could rise to $1152 to $1165 and Silver upto $14.91 to $15.56" -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 20 responded this week, 10 see prices up, while 8 see prices down, and 2 see prices unchanged. especially Trading range will be between $1,093-$1,172 levels.

S1:1125.50 S2 :1108 S3:1093.50
R1:1144.45 R2:1156 R3:1172.45

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $13.22.-$.15.65 levels.


S1:14.11 S2 :13.73 S3:13.22
R1:14.64 R2:14.93 R3:15.65

Crude : 6 of 12 analysts, forecast Crude Oil will fall in next week. 3 respondents predicted that futures will be little changed and 3 said the contract will rise.

S1:43.80 S2:42.28 S3:40.23
R1:45.22 R2:45.83 R3:46.47
 

Copper : 8 of  17 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 322.70-362.50 levels.

MCX Gold OCT : Now support for the Gold is seen at 26520 and below could see a test of 26335-26113 Resistance is now likely to be seen at 26789 a move above could see prices testing 27074-27496.

S1:26520 S2 :26335 S3:26113
R1:26789 R2:27074 R3:27496

MCX Silver SEP : Now support for the silver is seen at 33332 and below could see a test of 32049-31350 Resistance is now likely to be seen at 35368 a move above could see prices testing 36557-38045.

S1:33332 S2:32049 S3:31350
R1:35368 R2:36557 R3:38045

MCX Crude Oil SEP : Now support for the Crude is seen at 2908 and below could see a test of 2652. Resistance is now likely to be seen at 3085, a move above could see prices testing 3220-3473.

S1:2908 S2:2824 S3:2652
R1:3085 R2:3220 R3:3473

MCX Copper SEP : Now support for Copper is seen at 335.50 and below could see a test of 324.55-313.70. Resistance is now likely to be seen at 343.85, a move above could see prices testing 355.40-363.55

S1:335.50 S2:324.55 S3:313.70
R1:343.85 R2:355.40 R3:363.55

MCX Zinc SEP : Now support for the Zinc is seen at 115.55 and below could see a test of 112.10-107.25. Resistance is now likely to be seen at 120.50, a move above could see prices testing 122.95-127.80

S1:115.55 S2:112.10 S3:107.25
R1:120.50 R2:122.95 R3:127.80

MCX Lead SEP : Now support for the Lead is seen at 109.65 and below could see a test of 105.80-101.25. Resistance is now likely to be seen at 115.20, a move above could see prices testing 119.95-123.80

S1:109.65 S2:105.80 S3:101.25
R1:115.20 R2:119.95 R3:123.80

MCX Nickel SEP : Now support for the Nickel is seen at 642.65 and below could see a test of 623.80-600.25 Resistance is now likely to be seen at 689.20, a move above could see prices testing 716.95-779.80

S1:642.65 S2:623.80  S3:600.25
R1:689.20 R2:716.95 R3:779.80

MCX NG SEP : Now support for the Natural Gas is seen at 170.65 and below could see a test of 158.80-140.25. Resistance is now likely to be seen at 186.70, a move above could see prices testing 197.95-206.80

S1:170.65 S2:158.80 S3:140.25
R1:186.70 R2:197.95 R3:206.80

 

      SEP 1st:
      ISM Manufacturing PMI:
     
Previous: 52.7 Forecast: 52.6
     
Actual > Forecast = Good for Dollar

      SEP 2nd:
      ADP Non-Farm Employment Change:

      Previous: 185K Forecast: 205K
      Actual > Forecast = Good for Dollar

      SEP 2nd:
      Crude Oil Inventories:
     
Previous: -5.5M Forecast: -1.5M

      SEP 3rd:
      Unemployment Claims:
     
Previous: 271K Forecast: 273K
      Actual < Forecast = Good for Dollar




 

 
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