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 WhatNext ???



-JUL 4th, 2015

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

"Gold prices could rise to $1180 to $1198 and Silver upto $15.93 to $16.56" -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 23 responded this week, 10 see prices up, while 11 see prices down, and 2 see prices unchanged. especially Trading range will be between $1,132-$1,228 levels.

S1:1158.50 S2 :1147 S3:1132.50
R1:1179.45 R2:1188 R3:1218.45

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $14.38.-$.17.55 levels.


S1:15.42 S2 :15.07 S3:14.38
R1:15.95 R2:16.38 R3:17.15

Crude : 8 of 15 analysts, forecast Crude Oil will fall in next week. 3 respondents predicted that futures will be little changed and 4 said the contract will fall.

S1:55.25 S2:54.68 S3:53.83
R1:55.87 R2:59.53 R3:60.27
 

Copper : 9 of 19 analysts, investors and traders surveyed, said the metal will fall next week. while 5 see prices rise, and 5 see prices unchanged. Copper may trade in next week up to 345.70-395.50 levels.

MCX Gold AUG : Now support for the Gold is seen at 26230 and below could see a test of 26185-25843 Resistance is now likely to be seen at 26467 a move above could see prices testing 26574-26856.

S1:26230 S2 :26185 S3:25843
R1:26467 R2:26574 R3:26856

MCX Silver JUL : Now support for the silver is seen at 35032 and below could see a test of 34549-32250 Resistance is now likely to be seen at 36568 a move above could see prices testing 37457-39945.

S1:35032 S2:34549 S3:32250
R1:36568 R2:37457 R3:39545

MCX Crude Oil JUL : Now support for the Crude is seen at 3506 and below could see a test of 3332. Resistance is now likely to be seen at 3598, a move above could see prices testing 3670-3833.

S1:3506 S2:3434 S3:3332
R1:3598 R2:3670 R3:3833

MCX Copper JUN : Now support for Copper is seen at 365.50 and below could see a test of 356.55-338.70. Resistance is now likely to be seen at 378.85, a move above could see prices testing 387.40-402.55

S1:365.50 S2:356.55 S3:338.70
R1:378.85 R2:387.40 R3:402.55

MCX Zinc MAY : Now support for the Zinc is seen at 126.55 and below could see a test of 123.10-119.25. Resistance is now likely to be seen at 130.50, a move above could see prices testing 132.95-134.80

S1:126.55 S2:123.10 S3:119.25
R1:130.50 R2:132.95 R3:134.80

MCX Lead MAY : Now support for the Lead is seen at 110.65 and below could see a test of 108.80-104.25. Resistance is now likely to be seen at 114.20, a move above could see prices testing 116.95-120.80

S1:110.65 S2:108.80 S3:104.25
R1:114.20 R2:116.95 R3:120.80

MCX Nickel MAY : Now support for the Nickel is seen at 750.65 and below could see a test of 731.80-704.25 Resistance is now likely to be seen at 803.20, a move above could see prices testing 835.95-88.80

S1:750.65 S2:731.80  S3:704.25
R1:803.20 R2:835.95 R3:889.80

MCX NG MAY : Now support for the Natural Gas is seen at 172.65 and below could see a test of 165.80-152.25. Resistance is now likely to be seen at 183.70, a move above could see prices testing 187.95-196.80

S1:172.65 S2:165.80 S3:152.25
R1:183.70 R2:187.95 R3:196.80

 
      JUL 6th:
      ISM Non-Manufacturing PMI:
     
Previous: 55.7 Forecast: 56.7
      Actual > Forecast = Good for Dollar
      JUL 7th:
      Trade Balance:

      Previous: -40.9 Forecast: -42.8B
      Actual > Forecast = Good for Dollar
      JUL 8th:
      Crude Oil Inventories:
     
Previous: 2.4M Forecast: 2.5M

      JUL 9th:
      Unemployment Claims:
     
Previous: 281K Forecast: 277K
      Actual < Forecast = Good for Dollar




 

 
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