Commodities Weekly Technical Report

31.12.2012 to 04.01.2013

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

31.12.2012 to 04.01.2013

MCX GOLD FEBRUARY (CMP 30,680 / $ 1655.60)

MCX Gold February as seen in the weekly chart above has opened at 30,865 levels initially moved higher, but found very good resistance at 30,925 levels. Later prices fell sharply towards 30,618 levels and finally closed lower from the previous weeks closing levels. For the next week we expect gold prices to find Support at 30,460 30,430 levels. Trading consistently below 30,420 levels would extend the current fall initially towards the strong support at 30,150 levels and then finally towards the major support at 29,775 levels. Resistance is observed in the range of 30,860-30,900 levels. Trading consistently above 30,910 levels would lead towards the strong resistance at 31,048 levels, and then finally towards the Major resistance at 31,510 levels. MCX / Spot Gold Trading levels for the week (31.12.2012 to 04.01.2013) Trend: Down S1-30,460 / $ 1638 S2-30,150 / $ 1606 R1-30,860 / $ 1666 R2-31,048 / $ 1675

Recommendation: Sell MCX Gold February between 30,860-30,900, SL-31,075, Target -30,560/30,460

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Commodities Weekly Technical Report

31.12.2012 to 04.01.2013

MCX SILVER MARCH (CMP 57,660 / $ 29.99)

MCX Silver March as seen in the weekly chart above has opened at 58,149 levels initially moved sharply lower, but found good support at 57,227 levels. Later prices rallied sharply towards 58,444 levels, and finally closed lower from the previous weeks closing levels. For the next week we expect Silver prices to find support in the range of 57,100-57,050 levels. Trading consistently below 57,040 levels would extend the current fall initially towards the strong support at 56,550 levels and then finally towards the major support at 55,540 levels. Resistance is now observed in the range of 58,100-58,200 levels. Trading consistently above 58,200 levels would lead towards the strong resistance at 58,990 levels, and then finally towards the major Resistance at 59,480 levels. MCX / Spot Silver Trading levels for the week (31.12.12 to 04.01.13) Trend: Down S1-57,100 / $ 29.61 S2-56,550 / $ 29.21 R1-58,100 / $ 30.36 R2-58,990 / $ 30.87

Recommendation: Sell MCX Silver March between 57,900-58,000, SL-58,501, Target -57,100/56,650.

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Commodities Weekly Technical Report

31.12.2012 to 04.01.2013

MCX COPPER FEBRUARY (CMP - 439.05/$7893)

MCX Copper February as seen in the weekly chart above has opened at 438.85 levels initially moved lower, but found good support at 435.10 levels. Later prices rallied sharply towards 441.90 levels and finally closed marginally higher from the previous weeks closing levels. For the next week we expect Copper prices to find support in the range of 435.50-434.40 levels and then strong support is seen at 431.30-430 levels. Trading consistently below 430 levels would trigger sharp correction initially towards 426, and then finally towards the major support at 422 levels. Strong Resistance is now observed in the range of 441-442 levels. Trading consistently above 442.50 levels would lead towards the strong resistance at 445.60 levels and then finally towards the major resistance at 449 levels. MCX/LME Copper Trading levels for the week (31.12.2012 to 04.01.2013) Trend: Sideways S1 435.40/7810 S2 430.30/7730 R1 441.20/7966 R2 445.60/8040

Recommendation: Sell MCX Copper February between 441-442, SL-443.60, Target -436/432

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Commodities Weekly Technical Report

31.12.2012 to 04.01.2013

MCX CRUDE JANUARY (CMP 4992 / $ 90.71)

MCX Crude January as seen in the weekly chart above has opened at 4917 levels initially moved lower, but found good resistance at 4877 levels. Later prices rallied sharply towards 5040 levels and finally closed higher from the previous weeks closing levels. For the next week we expect Crude prices to find support at 4972-4962 levels. Trading consistently below 4960 levels would trigger correction initially towards the strong support at 4885 levels and then finally towards the major support at 4815 levels. Resistance is now observed in the range of 5065-5075 levels. Trading consistently above 5076 levels would lead towards the strong resistance at 5144 levels, and then finally towards the Major resistance at 5200 levels. MCX / NYMEX Crude Oil Trading levels for the week (31.12.2012 to 04.01.2013) Trend: Up S1- 4965 / $ 90.10 S2-4885/ $ 88.70 R1-5072/ $ 92.10 R2-5144 / $ 93.40

Recommendation: Buy MCX Crude January between 4975-4965, SL-4900, Target -5069/5130.

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