Commodities Weekly Technical Report

14.01.2013 to 18.01.2013

Content
Weekly Technical Levels Strategy/Recommendations

Prepared by
Samson Pasam Sr. Technical Analyst Samsonp@angelbroking.com (040) 30912222 Extn. 146

Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from Angel Commodities Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

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Commodities Weekly Technical Report

14.01.2013 to 18.01.2013

MCX GOLD FEBRUARY (CMP 30,789 / $ 1662.60)

MCX Gold February as seen in the weekly chart above has opened at 30,694 levels initially made a high of 31,058 levels and then fell sharply lower towards 30,700 levels. Later prices recovered towards 30,795 levels and finally closed lower from the previous weeks closing levels. For the next week we expect gold prices to find Support at 30,640 30,600 levels. Trading consistently below 30,590 levels would extend the current fall initially towards the strong support at 30,490 levels and then finally towards the major support at 30,150 levels. Resistance is observed in the range of 30,990-31,020 levels. Trading consistently above 31,020 levels would lead towards the strong resistance at 31,210 levels, and then finally towards the Major resistance at 31,540 levels. MCX / Spot Gold Trading levels for the week Trend: Down S1-30,640 / $ 1644 S2-30,480 / $ 1625 R1-30,990 / $ 1680 R2-31,210 / $ 1698

Recommendation: Sell MCX Gold February between 30,900-30,930, SL-31,061, Target -30,645/30,500

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Commodities Weekly Technical Report

14.01.2013 to 18.01.2013

MCX SILVER MARCH (CMP 58,187 / $ 30.45)

MCX Silver March as seen in the weekly chart above has opened at 58,200 levels initially moved sharply lower, but found good support at 57,705 levels. Later prices rallied sharply towards 58,730 levels, but could not sustain the gains fell back lower towards 57850 and finally closed higher from the previous weeks closing levels. For the next week we expect Silver prices to find support in the range of 57,680-57,650 levels. Trading consistently below 57,640 levels would extend the previous weeks fall initially towards the strong support at 57,180 levels and then finally towards the major support at 56,200 levels. Resistance is now observed in the range of 58,700-58,780 levels. Trading consistently above 58,800 levels would lead towards the strong resistance at 59,450 levels, and then finally towards the major Resistance at 60,670 levels. MCX / Spot Silver Trading levels for the week Trend: Sideways S1-57,680 / $ 29.86 S2-57,180 / $ 29.27 R1-58,710 / $ 30.99 R2-59,470 / $ 31.53

Recommendation: Neutral

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Commodities Weekly Technical Report

14.01.2013 to 18.01.2013

MCX COPPER FEBRUARY (CMP - 445.55)

MCX Copper February as seen in the weekly chart above has opened at 450.80 levels initially made a high of 452.80 levels and then fell sharply lower towards 445 levels and finally closed sharply lower from the previous weeks closing levels. For the next week we expect Copper prices to find support in the range of 442.70-440 levels. Trading consistently below 439.80 levels would trigger sharp correction initially towards 437.45, and then finally towards the major support at 435 levels. Resistance is now observed in the range of 447.50-449 levels. Trading consistently above 449.50 levels would lead towards the strong resistance at 451.30 levels and then finally towards the major resistance at 456 levels. MCX Copper Trading levels for the week Trend: Down S1 442.70 S2 439.90 R1 447.70 R2 451.30

Recommendation: Sell MCX Copper February between 447-448, SL-451.60, Target -442/440

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Commodities Weekly Technical Report

14.01.2013 to 18.01.2013

MCX CRUDE JANUARY (CMP 5135 / $ 93.73)

MCX Crude January as seen in the weekly chart above has opened at 5120 levels initially moved lower, but found good resistance at 5092 levels. Later prices rallied sharply towards 5175 levels, but could not sustain the gains fell back sharply towards 5085 levels and finally closed marginally higher from the previous weeks closing levels. For the next week we expect Crude prices to find support at 5087-5080 levels. Trading consistently below 5080 levels would trigger correction initially towards the strong support at 5041 levels and then finally towards the major support at 4915 levels. Resistance is now observed in the range of 5178-5188 levels. Trading consistently above 5190 levels would lead towards the strong resistance at 5224 levels, and then finally towards the Major resistance at 5300 levels. MCX / NYMEX Crude Oil Trading levels for the week Trend: Sideways S1- 5085 / $ 92.50 S2-5041/ $ 91.30 R1-5178/ $ 94.80 R2-5230 / $ 95.90

Recommendation: Buy MCX Crude January between 5095-5085, SL-5030, Target -5178/5220.

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