.
. For Unlimited Free Live Market Rates download sQuareindia #Android App    #iPhone App

 WhatNext ???



-MAY 21st, 2016

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

"Gold prices could fall to $1241 to $1227 and Silver upto $16.22 to $15.86" -PrataP Kolagatla, Chairman, sQuareindia Group

Gold : 22 responded this week, 7 see prices up, while 10 see prices down, and 5 see prices unchanged. especially Trading range will be between $1,227-$1,290 levels.

S1:1245.45 R2:1233  R3:1218.45
R1:1259.50 S2 :1268 S3:1282.50

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $15.87.-$17.26 levels.


S1:16.25 S2 :16.01 S3:15.87
R1:16.80 R2:17.24 R3:17.56

Crude : 5 of 10 analysts, forecast Crude Oil will fall in next week. 2 respondents predicted that futures will be little changed and 3 said the contract will rise.

S1:47.50 S2:45.61 S3:43.93
R1:49.92 R2:51.03 R3:52.97
 

Copper : 6 of  10 analysts, investors and traders surveyed, said the metal will fall next week. while 3 see prices rise, and 1 see prices unchanged. Copper may trade in next week up to 292.70-339.50 levels.

MCX Gold JUN : Now support for the Gold is seen at 29450 and below could see a test of 29125-28713 Resistance is now likely to be seen at 29889 a move above could see prices testing 30124-30496.

S1:29450 S2 :29125 S3:28713
R1:29889 R2:30124 R3:30496

MCX Silver JUL : Now support for the silver is seen at 39232 and below could see a test of 38749-37350 Resistance is now likely to be seen at 40468 a move above could see prices testing 40957-41945.

S1:39232 S2:38749 S3:37350
R1:40468 R2:40957 R3:41945

MCX Crude Oil JUN : Now support for the Crude is seen at 3210 and below could see a test of 3005. Resistance is now likely to be seen at 3355, a move above could see prices testing 3480-3573.

S1:3210 S2:3114 S3:3005
R1:3355 R2:3480 R3:3573

MCX Copper MAY : Now support for Copper is seen at 304.50 and below could see a test of 297.55-291.70. Resistance is now likely to be seen at 314.85, a move above could see prices testing 319.40-326.55

S1:304.50 S2:297.55 S3:291.70
R1:314.85 R2:319.40 R3:326.55

MCX Zinc MAY : Now support for the Zinc is seen at 124.55 and below could see a test of 122.10-118.25. Resistance is now likely to be seen at 128.50, a move above could see prices testing 131.95-135.70

S1:124.55 S2:122.10 S3: 118.25
R1:128.50 R2:131.95 R3:135.70

MCX Lead MAY  : Now support for the Lead is seen at 110.65 and below could see a test of 107.80-105.25. Resistance is now likely to be seen at 114.55, a move above could see prices testing 116.70-120.80

S1:110.65 S2:107.80 S3:105.25
R1:114.55 R2:116.70 R3:120.80

MCX Nickel MAY : Now support for the Nickel is seen at 560.65 and below could see a test of 554.80-547.25 Resistance is now likely to be seen at 579.20, a move above could see prices testing 589.95-605.80

S1:560.65 S2:554.80  S3:547.25
R1:579.20 R2:589.95 R3:605.20

MCX NG MAY : 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 25th:
      Crude Oil Inventories:
     
Previous: 1.3M Forecast: 1.5M

      MAY 26th:
      Core Durable Goods Orders m/m:
     
Previous: -0.2%  Forecast:3 0.4%
      Actual > Forecast = Good for Dollar

      MAY 26th:
      Unemployment Claims:
     
Previous: 278K Forecast: 275K
      Actual < Forecast = Good for Dollar

      MAY 27th:
      Prelim GDP q/q:

      Previous: 0.5%  Forecast: 0.8%
      Actual > Forecast = Good for Dollar




 

 
  Innovations Free Services Premium Services Stay Connected Customer Support Corporate
             
  Patents MissCall Alerts Ultimate Pack Facebook Call  |  Mail   |  Fax About
  ISO Certification SMS Alerts Premium Twitter Relationship Managers Patents
    Twitter Alerts Professional Plus Google Complaints & Grievance ISO Certification
    VoiceVedha (IVRS) Professional Linkedin Media Relations Careers
    Tele-Conference Bullion | Energy | Base Blog Refund Policy Corporate Office
    Mobile Site Analysis Pack Wordpress    
      Choice Alerts    
      MissCall Alerts      
      Bullion Market Alerts    
           
             

© 2003 - 2016  sQuareindia Advisory Pvt. Ltd., All Rights Reserved.