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 WhatNext ???



-MAY 23rd, 2015

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

"Gold prices could rise to $1217 to $1235 and Silver upto $17.46 to $18.13" -PrataP Kumar Kolagatla, Chairman, sQuareindia Group

Gold : 25 responded this week, 10 see prices up, while 8 see prices down, and 3 see prices unchanged. especially Trading range will be between $1,175-$1,257 levels.

S1:1200.50 S2 :1193 S3:1175.50
R1:1217.45 R2:1226 R3:1235.45

Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $16.67-$.18.65 levels.


S1:16.75 S2 :16.37 S3:15.88
R1:17.35 R2:17.68 R3:18.05

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.

S1:59.45 S2:58.78 S3:58.03
R1:60.37 R2:60.73 R3:61.57
 

Copper : 10 of 23 analysts, investors and traders surveyed, said the metal will fall next week. while 8 see prices rise, and 5 see prices unchanged. Copper may trade in next week up to 375.70-425.50 levels.

MCX Gold JUN : Now support for the Gold is seen at 26950 and below could see a test of 26789-26543 Resistance is now likely to be seen at 27187 a move above could see prices testing 27314-27556.

S1:26950 S2 :26789 S3:26543
R1:27187 R2:27314 R3:27556

MCX Silver JUL : Now support for the silver is seen at 38432 and below could see a test of 37549-35250 Resistance is now likely to be seen at 39768 a move above could see prices testing 40457-41945.

S1:38432 S2:37549 S3:35250
R1:39768 R2:40457 R3:41945

MCX Crude Oil JUN : Now support for the Crude is seen at 3746 and below could see a test of 3522. Resistance is now likely to be seen at 3938, a move above could see prices testing 4110-4333.

S1:3746 S2:3634 S3:3522
R1:3938 R2:4110 R3:4333

MCX Copper JUN : Now support for Copper is seen at 389.50 and below could see a test of 375.55-360.70. Resistance is now likely to be seen at 403.85, a move above could see prices testing 412.40-429.55

S1:389.50 S2:375.55 S3:360.70
R1:403.85 R2:412.40 R3:429.55

MCX Zinc MAY : 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 143.95-147.80

S1:135.55 S2:132.10 S3:127.25
R1:140.50 R2:143.95 R3:147.80

MCX Lead MAY : Now support for the Lead is seen at 120.65 and below could see a test of 117.80-112.25. Resistance is now likely to be seen at 126.20, a move above could see prices testing 128.95-135.80

S1:120.65 S2:117.80 S3:112.25
R1:126.20 R2:128.95 R3:135.80

MCX Nickel MAY : Now support for the Nickel is seen at 770.65 and below could see a test of 733.80-654.25 Resistance is now likely to be seen at 872.20, a move above could see prices testing 935.95-1019.80

S1:770.65 S2:733.80  S3:654.25
R1:872.20 R2:935.95 R3:1019.80

MCX NG MAY : Now support for the Natural Gas is seen at 180.65 and below could see a test of 173.80-162.25. Resistance is now likely to be seen at 189.70, a move above could see prices testing 196.95-207.80

S1:180.65 S2:173.80 S3:162.25
R1:189.70 R2:196.95 R3:207.80

 
      MAY 26th:
      CB Consumer Confidence:
     
Previous: 95.2 Forecast: 95.3
      Actual > Forecast = Good for Dollar

      MAY 28th:
      Unemployment Claims:

      Previous: 274K Forecast: 272K
      Actual < Forecast = Good for Dollar

      MAY 28th:
      Crude Oil Inventories:
     
Previous: -2.7M Forecast: -0.5M

      MAY 29th:
      Prelim GDP q/q:
     
Previous: 0.2% Forecast: -0.9%
      Actual > Forecast = Good for Dollar




 

 
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