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  • Metal and Energy Tech Report, Aug 22

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    The daily technical report provides the following morning technical levels for commodities: - Gold and silver are expected to move sideways, while base metals like copper, zinc and lead are expected to move up. - Crude oil on MCX and NYMEX is expected to move sideways, while natural gas on MCX is expected to move up. - Intraday buy recommendations are given for MCX Gold October contract between Rs. 31,220-31,200 and MCX Natural Gas August contract between Rs. 222.50-222.

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    22nd August, 2013

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    The daily technical report provides the following morning technical levels for commodities: - Gold and silver are expected to move sideways, while base metals like copper, zinc and lead are expected to move up. - Crude oil on MCX and NYMEX is expected to move sideways, while natural gas on MCX is expected to move up. - Intraday buy recommendations are given for MCX Gold October contract between Rs. 31,220-31,200 and MCX Natural Gas August contract between Rs. 222.50-222.

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    2 views2 pages

    Metal and Energy Tech Report, Aug 22

    Uploaded by

    Angel Broking
    The daily technical report provides the following morning technical levels for commodities: - Gold and silver are expected to move sideways, while base metals like copper, zinc and lead are expected to move up. - Crude oil on MCX and NYMEX is expected to move sideways, while natural gas on MCX is expected to move up. - Intraday buy recommendations are given for MCX Gold October contract between Rs. 31,220-31,200 and MCX Natural Gas August contract between Rs. 222.50-222.

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    Commodities Daily Technical Report

    Thursday | August 22 2013

    Content
    Morning Technical Levels Strategy/Recommendations

    Pasam Samson Sr. Technical Analyst samsonp@angelbroking.com (040) 30938632

    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

    www.angelcommodities.com

    Commodities Daily Technical Report


    Thursday | August 22 2013

    Morning Technical Levels for Metals and Energy


    Commodity Bullions
    Gold Spot Gold Silver Spot Silver Base Metals LME Copper Copper Zinc Lead Aluminium Nickel Energy Crude Crude Natural Gas Brent Crude MCX NYMEX MCX MCX Sep Oct Aug Sep Sideways Down Up Sideways 6,654 102.25 218.60 7011 6,694 103.10 222 7070 6,745 103.95 224.50 7131 6,817 104.90 228 7180 6,880 106 231.30 7230 LME MCX MCX MCX MCX MCX Aug Aug Aug Aug Aug Sideways Sideways Up Up Up Down 7175 465.40 123 141 118.30 912 7225 469.20 124.40 142.65 119.60 921 7271 471.90 125.25 143.40 120.45 929.50 7320 475.65 126.60 144.90 121.70 933 7370 479.40 128 146.50 123 942 MCX Sep

    Exchange
    MCX

    Contract
    Oct

    Trend
    Up Sideways Up Sideways

    S2
    30,864 1349 50,375 22.30

    S1
    31,204 1355 51,075 22.60

    LTP
    31,444 1365 51,446 22.87

    R1
    31,783 1374 52,145 23.20

    R2
    32,120 1385 52,845 23.50

    Recommendations
    Gold MCX October Contract Natural Gas MCX August Contract

    Intraday Strategy: Buy MCX Gold October between 31,220-31,200, SL-31,100, Target -31,620

    Intraday Strategy: Buy MCX Natural Gas August between 222.50222, SL-218, Target -228

    www.angelcommodities.com

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