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 WhatNext ???



-Apr 18th, 2015

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

"Gold prices could rise to $1215 to $1232 and Silver upto $16.67 to $17.26" -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 22 responded this week, 11 see prices up, while 9 see prices down, and 2 see prices unchanged. especially Trading range will be between $1,162-$1,238 levels.

S1:1194.50 S2 :1186 S3:1162.50
R1:1211.45 R2:1223 R3:1238.45

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $15.18-$.17.63 levels.


S1:16.02 S2 :15.67 S3:15.18
R1:16.50 R2:16.89 R3:17.63

Crude : 8 of 20 analysts, forecast Crude Oil will fall in next week. 2 respondents predicted that futures will be little changed and 10 said the contract will fall.

S1:55.55 S2:54.88 S3:53.93
R1:52.97 R2:53.33 R3:53.97
 

Copper : 12 of 25 analysts, investors and traders surveyed, said the metal will fall next week. while 11 see prices rise, and 2 see prices unchanged. Copper may trade in next week up to 358.70-412.50 levels.

MCX Gold JUN : Now support for the Gold is seen at 26605 and below could see a test of 26489-26143 Resistance is now likely to be seen at 26987 a move above could see prices testing 27114-27356.

S1:26605 S2 :26489 S3:26143
R1:26987 R2:27114 R3:27356

MCX Silver MAY : Now support for the silver is seen at 35732 and below could see a test of 34949-33750 Resistance is now likely to be seen at 37068 a move above could see prices testing 38257-39945.

S1:35732 S2:34949 S3:33750
R1:37068 R2:38257 R3:39945

MCX Crude Oil MAY : Now support for the Crude is seen at 3346 and below could see a test of 3122. Resistance is now likely to be seen at 3638, a move above could see prices testing 3710-3933.

S1:3346 S2:3271 S3:3122
R1:3638 R2:3710 R3:3933

MCX Copper JUN : Now support for Copper is seen at 374.50 and below could see a test of 366.55-343.70. Resistance is now likely to be seen at 395.85, a move above could see prices testing 404.40-415.55

S1:374.50 S2:366.55 S3:343.70
R1:395.85 R2:404.40 R3:415.55

MCX Zinc APR : Now support for the Zinc is seen at 135.55 and below could see a test of 132.10-127.25. Resistance is now likely to be seen at 140.50, a move above could see prices testing 143.95-146.80

S1:135.55 S2:132.10 S3:127.25
R1:140.50 R2:143.95 R3:146.80

MCX Lead APR : Now support for the Lead is seen at 124.65 and below could see a test of 121.80-116.25. Resistance is now likely to be seen at 129.20, a move above could see prices testing 132.95-136.80

S1:124.65 S2:121.80 S3:116.25
R1:129.20 R2:132.95 R3:136.80

MCX Nickel APR : Now support for the Nickel is seen at 758.65 and below could see a test of 733.80-704.25 Resistance is now likely to be seen at 812.20, a move above could see prices testing 835.95-859.80

S1:758.65 S2:733.80 S3:704.25
R1:812.20 R2:835.95 R3:859.80

MCX NG APR : Now support for the Natural Gas is seen at 155.65 and below could see a test of 148.80-136.25. Resistance is now likely to be seen at 174.70, a move above could see prices testing 182.95-201.80

S1:155.65 S2:148.80 S3:136.25
R1:174.70 R2:182.95 R3:201.80

 
      APR 22nd:
      Crude Oil Inventories:
     
Previous: 1.3M Forecast: -0.7M
      APR 23rd:
      Unemployment Claims:
     
Previous: 294K Forecast: 290K
      Actual < Forecast = Good for Dollar
      APR 23rd:
      New Home Sales:
     
Previous: 539K Forecast: 514K
      Actual > Forecast = Good for Dollar
      APR 24th:
      Core Durable Goods Orders m/m:
     
Previous: -0.6% Forecast: 0.2%
      Actual > Forecast = Good for Dollar



 

 
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