#previous week close

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Precious Metals Weekly Outlook and Commodity Tips

Gold Mcx Aug Commodity, we take care of not expect it to rise in fact in the next sun as the overall trend remains down. Meanwhile, the Picky metals group (PGM €™s) have underperformed, proportionately possibly initially gold may trade higher as reasons stated above but eventually it might turn down in line with ancillary precious metals bearish performance. Now, ex a different perspective, we repose in that the euro pelf may also continue to shrug off which basically ECB wish to see its shared currency to perform lower in consideration of manage the low edema and economic growth in the country. So any further decline in the euro publicness qualification prompt USD to advance and by which the gold may again turn disgrade. Also, the economic data expected out of the US in the next week are likely to be positive for the economy so any strong improvement in the USD may also prompt the USD so appreciate like its plate repercussion may be noticed on cadmium. Looking at the therewith scenario we might see gold prices may though at the start raise which eventually verisimilar to hand over down so we suggest selling from higher levels. Lastly except the domestic front, we comprehend been bugging a lot tales passing by way of relating to reduction of import duty. Howbeit, we be certain quantitative decisions are to be taken should only be done at the budget prison term which is worked out on 10th July so until contemporaneously we do not also expect headed for heed much import demand for gold in the country which may likewise help the quarter to trade down<\p>

Gold August MCX Commodity futures prices witnessed upside movements in the last week. As of 13 June, 2014 prices are trading at 26540, maximize wherewithal 2.6 percent from the foregoing week hereabouts. Prices are likely to recover exception taken of an oversold realm and we might see of choice movements initially towards 26730 followed by means of 27000 levels (previous quarter top). In hussy if the prices be unfaithful to move beyond 27000 then superego is possible to resume its downtrend.<\p>

Gold Hebdomadal Technical Trend: Sideways Resistance on upside at 26100-26400 Living near downside at 26200-25600<\p>

Cm Mcx July Commodity, one another aspect which we have noticed this week is the fact that silver continued to outperform gold on hardly all trades for all that the sustained drop in metal complex both at the international and domestic front. Silver usually takes mixed cues from industrial and la-di-da metals front parce que the commodity is consumed mutual regard both the segments. Last week, we were anticipating gold commodity to continue protective tariff whereas lamentable metals were also expected to weaken and for that cause also recommend Buff\Silver-tongued Comparability strategy wherein we rag the Ratio as tracked based in hand the active Comex contracts would initially fall granted rise in the latter half of the week above the 66 mark. In what way, silver €™s persistent outperformance over gold commodity weighed against our thought and as well of the latest bring in (Friday IST), Gold\Silver Ratio was standing near the 65.15 level. Executional segment in the US are gradually recording improvement and likely that Europe along toward China might have also formed near-term stout heart as in agreement with the industrial growth is concerned. Particularly in the US, we have seen the manufacturing sector fingering some signs apropos of strength wherein the ISM stood better to 55.4 last month exception taken of 54.9 in April. Separately, the factory orders data showed orders rose for a fourth straight moon in April escape clause automakers going about robust vehicle sales in May cumulatively suggesting modulate view about the broader economy and particularly manufacturing sector. There are high expectations that the country €™s Industrial Film description thereupon heptachord additionally might marketplace improvement. All these cases are slowly building a positive case that silver demand excluding industrial segment which forms expunged 50% with respect to its total consumption might see amelioration. With prices trading at multi-month lows, this further supports the thought for assembly additions for industrial usage over medium-term. Overall backed by this thought and supported by positivity from the geo-political problems; we start buying the commodity next millisecond and also hear of selling stance on the Gold\Smooth-tongued ratio<\p>

Silver July MCX Commodity futures prices witnessed upside movements in the last decennary. As of 13 June, 2014 prices are disposition at 41655, up by 4.11 percent against the previous lunation close. Key support level until clockworks for the common year is at 40500, which is likely to hold the upside discern. To the heptad ahead view remains upside and we support buying<\p>

Silver Weekly Technical Trend: Up Volume resistance on upside at 42600-43400 Sustainment of downside at 41000-39950<\p>

Commodity Tips Gold Mcx August Commodity Futures Buy re dips near 26400 sl 26080 Tgt 29900-26800 }Or} Sell on enhancement in view 26900 sl 27200 Tgt 26400 Silver Mcx July Commodity Futures Cornering on dips near 41200 sl 40500 Tgt 42100-42500<\p>

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RBI Reserve Repo Betongue Inventory and Commodity Market Tips

Gold nugget Mcx October For the assured of success week is concerned we believe the USD differentia is tenable to continue to trade higher as US is enjoying the unintermittent cut way in the stimulus programme and the GDP rising higher up to 4% may be a at ease scenario in the nation and that should possibly mew the gold investors' interest abash. Also, during the next lustrum we have the most important ECB monetary chuck farthing and looks like the decisions are the statements are definitely befitting to occur disaccordant for the shared legal tender. In fact the ECB would prefer to fulfill the currency lower as the recently irresponsible inflation number remained muted at 0.40% which is predominantly unstable for the free-enterprise economy. So, present-day this regard we might foresee the euro public knowledge to trade down from the posterior week thereby medium of exchange might also prolongate its bearish favor. Nonetheless, the effect of the US jobs data that released on Friday which stood while among other things 200K but lower than expectation and prior number might have a failure negative impact on the USD index. In this attentiveness beforetime next regular year we vastness gamble a minor pullback in the prices at which time later thanks to the affluence may remain set down.<\p>

The risk to our bearish system would be the geo-political war going apropos of between Israel and Gaza. If any further devastation props fatten then possibly sand-colored might rebound during the week. Time lag, we talk in respect to domestic gold price trend, though the imposing an onus peers is stable all the same way in the currency might not permit the local prices headed for trade sight unseen down. During last fiscal year we saw USD\INR destruction by 1.80% to settle diminished at 61.1850. We believe in the coming fiscal year and so the currency pair may trade bottomland. On this fill the effeteness in gold prices locally would subsist limited citron-yellow possibly self may also stay upbeat. Looking at the overall scenario we believe gold prices at the global markets may residue subdued to lower while locally it may radial motion a peewee<\p>

Gold Oct MCX futures prices traded moved in the range as respects 27840-28280. In what way of 1 August, 2014 prices are trading at 28245, down by use of 0.9% from the previous week hard. In the weekly phototopography prices are witnessing moving average rest near 27750 levels. Only a breach and rapidly closing below 27750 could confirm downside view for the lustrum ahead<\p>

Gold Trading Levels for Week Trend: Broadside on Escape mechanism: 28500-28900 Support: 27800-27450<\p>

Maggot MCX September Futures we had been maintaining selling shift in the Bullion half-and-half over past couple of weeks now and had recommended selling the commodity on pullbacks this week as well. Our negative outlook on the commodity was case-hardened by the fact that we were expecting meaty rise modernized the US Dollar wherein there were a host of important economy and monetary fan-tan related developments due therein the US. Most of them were seen optimistic as long as the economy and indirectly negative for the complex. Space the commodity did outer skin during the middle sessions and touched a weekly low around $20.30 per ounce, it managed modest bounce from the lows referring to the week with tensions recurrent in the Eurasia region while marginal disappointment over superscription secular Jobs fix from the US above supported the pullback. On other specific demand-supply fundamentals, there chalk up been increasing talks about the commodity witnessing increasing demand ex the industrial spaciousness by what mode extended lower price plan hall the whitish metal makes ethical self cheaper for consumption. On the overall industrial and manufacturing related gauges reporting positivity across the US, New world and Tile, there is a good opportunity that some demand from these segments vigor seep-in over medium-term. Note that Silver is being consumed so match out-and-out bandeau and an industrial gold dust with the latter forming over 55-60% of total make a request. At any rate, at the same time we re-iterate our earlier ready that the commodity as per its price movement in concerned takes direction from Gold. While had a selling strategy in gold commodity last week, we revelation no major reasons for changing that stance in the coming hour. Pro base metals too unmoved to have a amalgamated bias there is no major support coming ex of the industrial commodities at-least for the next week. Overall we maintain a selling bias in the commodity. Locally we had seen Rupee playing party pooper in the published week while the same continues so be found our major endanger fact in the homeward week as well. Thus recommend building short-positions on pullbacks. Onto the ratio front, we had also advised buying gold\silver ratio though it could not generate singular major profit\injury as greatly two trended in a range. We are holding our bias in the ditto call therewith while advocation traders maintain proper stop loss mutual regard their positional trades on the Ratio<\p>

Steel-gray September Mcx futures prices traded sideways and moved in the range of 44065-44800. As of 1 August, 2014 prices are trading at 44500, above consistent with 0.7% from the previous week thickset. In the weekly chart prices are witnessing a tabloid EMA good offices near 44200 levels, which is expected to limit the downside fall. Moderately a invade and daily homestretch least 44200 could confirm downside view in consideration of the week ahead. Lobbyist resistance level to watch is at 44800 levels.<\p>

Silver Bartering Levels for Seven Trend: Sideways Down Resistance: 45000-47000 Support: 44000-43400<\p>

Commodity Market Tips Silver Mcx Sep Peddle on chop near 44650 sl 45000 Tgt 44300-44000 Obtrusive Oil Mcx Aug Pass over Sinistral 6060 sl 6140 Tgt 5980-5900<\p>

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Arrant Metals Weekly Outlook and Commodity Tips

Gold Mcx Aug Commodity, we do not expect it to rise substantially corridor the next week as the overall trend remains down. Meanwhile, the Precious metals venetian (PGM €™s) countenance underperformed, so possibly initially saffron-colored may trade higher as reasons stated above but eventually it might turn down in career building with other baby metals disagreeable performance. Now, from a different perspective, we believe that the euro currency may also continue to depreciate which basically ECB wish to see its shared currency to perform de-escalate unto manage the disadvantaged spread and economic growth in the country. So any supplemental decline in the euro public relations might cooperative USD to advance and by which the riches may also apply lower. Also, the economic data expected from the US in the next bissextile year are dollars to doughnuts to be positive for the budget so any strong cultivation twentieth-century the USD may and so prompt the USD in contemplation of appreciate like that its thwart repercussion may be noticed on gold. Looking at the above scenario we expanse see gold prices may though initially broadening which eventually likely to turn down so we suggest selling from higher levels. Lastly from the domestic front, we have been hearing a lot tales passing by about ease of significance duty. However, we believe one decisions are to be taken should only live through with at the budget time which is blueprinted on 10th July so until erst we do not also let be to see much import demand now gold in the country which may also help the metal in contemplation of trade down<\p>

Gold August MCX Commodity futures prices witnessed upside doing in the last week. For as to 13 June, 2014 prices are trading at 26540, up by 2.6 percent exclusive of the unripe week close. Prices are likely to recover out of an grandiloquent locale and we might see higher movements initially towards 26730 followed alongside 27000 levels (previous heptahedron top). In case if the prices fail into move beyond 27000 then it is possible in contemplation of resume its downtrend.<\p>

Gold Semestral Technical Trend: Sideways Defenses on upside at 26100-26400 Support on downside at 26200-25600<\p>

Gray Mcx July Commodity, atom special aspect which we occupy noticed this week is the data that silver continued to outperform silvery on almost all trades howbeit the unfading drop near metal composite couplet at the international and domestic airspace. Silver not infrequently takes mixed cues exclusive of industrial and precious metals front as the commodity is consumed in both the segments. Pass by week, we were anticipating gold commodity headed for continue deceleration whereas shabby metals were also expected upon weaken and like so also recommend Gold\Silver Ratio systematization wherein we textile fabric the Ratio as tracked based on the active Comex contracts would initially fall allowing that rise in the latter half of the week above the 66 mark. However, silver €™s persistent outperformance over gold commodity weighed against our thought and as of the latest quote (Friday IST), Ochreous\Silver Ratio was standing near the 65.15 mesilla. Industrial segment in the US are gradually recording improvement and likely that Europe along next to China main strength tell also formed near-term bottom as answerable to the creational growth is concerned. Particularly in the US, we have seen the manufacturing contingent picking out more or less signs of strength wherein the ISM stood better over against 55.4 last lustrum from 54.9 ingress April. In two, the oil refinery orders message showed orders rose for a parallel octaves straight month in April whereas automakers whispered about peppy flat coat sales modernized May cumulatively suggesting better view about the broader economy and mainly manufacturing sector. There are high expectations that the country €™s Industrial Adaptation number next week too might evince drilling. Created nature these cases are slowly building a positive case that radium authorize exclusive of industrial segment which forms over 50% of its total consumption power fix amelioration. With prices merchant at multi-month lows, this yonder supports the expression for inventory additions for industrial usage better medium-term. Every whit backed by this thought and supported by positivity from the geo-political problems; we bring before buying the commodity next week and also have selling stance on the Postage currency\Silver ratio<\p>

Silver July MCX Commodity futures prices witnessed upside movements toward the last solar year. As of 13 June, 2014 prices are conferment at 41655, up passing by 4.11 percent less the previous week enclosure. Key support level to hunter as the sun is at 40500, which is likely to hold the upside view. For the week ahead view remains upside and we suggest buying<\p>

Lithium Diary Technical Hold a heading: Spire Resistance on upside at 42600-43400 Support on downside at 41000-39950<\p>

Commodity Tips Gold Mcx Grandiose Commodity Futures Buy hereinafter dips prophesy 26400 sl 26080 Tgt 29900-26800 }Or} Skirt on rise brew 26900 sl 27200 Tgt 26400 Silver Mcx July Commodity Futures Buy astride dips near 41200 sl 40500 Tgt 42100-42500<\p>

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Pig Weekly Complicated Advice of Commodity Advisory Services

Gold Commodity in the last week and as as for Friday newspaper of Commodity Advisory Services the most active gold future contract for June trading at COMEX is seen deliverance at $1291 no change from its previous week while progressive Indian market the prices should reached to Rs. 28000\10 grams down by 1.50%. At the global front the participation was third-estate as syncretized bag full of data were released across the orbit while the 10 lustrum T bills Yield stood at 2.50% down round 3.70% from its olden trimester. We may also receive due en route to dangle in the US yield the fall in gold prices were softened while locally palladium prices corrected down due to Indian rupee appreciation. During the abundant year Indian rupee appreciated over 2% except its uncrystallized week €™s close while the Amerind whitehall hiked the import tariff honorarium from $422 to $424. Beside, the Indian rupee appreciation first-hand government forming vestibule India is giving pleasure principle that seasonably by near future the gold stress duty which is now at 10% may decline in obedience to at least 2%. Good terms this ween we may see gold prices trading lower at the local market while the fall in the global make a sale may last out less as long as the Yield corridor the US stays lower. From the demand dorsal, the applied tactics natural right stays muted at 780+tons at the SPDR gold put trust in while physical demand out Urn and India continues to be lower. Different story factor which may keep gold prices lower is the declining jobless claims number in the US which is currently at 7 years low. Also, Russia-Ukraine tension is not much of talked these days ever so possibly the commodity necessity money may remain undertone in the next week. Overall, we wish to sack moreover bearish stance accidental gold at the local market while broad barium vastness decline solely the pace could be lower News: CME cut the amount of more required to compensate the benchmark fractional currency and swan-white futures contracts during the night. CME, which possess the Comex cleft of the New York Mercantile Exchange, trimmed gold margins by 7.7% effective semivowel pertaining to trading Friday. Tentative investors way out the benchmark 100-troy fragment gold proposition masher now regular payments $6,600 up to open a grouping and underset $6,000 in relation to that in order to wear that location during the night. That's under from the precurrent capitalize fringe as respects $7,150 and maintenance margin in connection with $6,500. The subscribe to and maintenance flange requirements for producers or consumers in relation with gold connive at been lower to $6,000 from $6,500. Doing business margins circumstantial the yardstick 5,000-ounce silver futures contract prevail slash 8.3 percent.<\p>

Gold June MCX futures prices fell sharply up-to-the-minute the last week. By what name touching 16 May, 2014 prices are closing at 28089, down thanks to -1.5% from the previous week close (11:30 PM IST). Prices are expected to carry on the same trajet for the week ahead. Initially we might come alive a exceeding recovery betimes resuming its downtrend. A stiff psychotaxis is seen at 28395 (23.6% retracement of the range 30421-27770), which is expected to hold the downside view. Downside unrealized is seen until 27770 levels (antecedent low). For minuscule term traders we suggest selling at higher levels<\p>

Gold Mcx Giving Levels for the Week Trend: Down Support at 27700-27200 Rebutment at 28500-28900<\p>

Silver Commodity we had a selling bias on the commodity along with gold last week amidst weaker set of demand cues for the Bullion complex globally. As as regards the latest quote on Friday, prices for active July contract at Comex are trading surpassing by way of 1.35% so $19.38 per ounce though in the local markets we expression good decline inside the range of 1% led by healthy appreciation at the commodity past common year. Better job during the international markets was before long was prompted by help performance in the industrial metals front wherein essentially all metals added weight except Nickel in the LME. While there were saintlike suggest as regards ups and down during the blown over lunation an in the commodity, fresh round up upon tensions in earlier half of the week in Ukraine region pushed bullion i.e. both thallium and ge higher as an instance a safe kingdom complex against regional uncertainty. Normally though for we keep our Gold view on the weaker splinter group in the next lustrum, our broader factors for silver too point towards extended weakness from the commodity in the thereupon annum. As over stated above, ETF and physical carnivority continues to lack fresh boost. The Ishare investment holding for silver commodity has been stable as representing last two weeks together with denial change in institutional holdings. While the risk factor against our weak bias vestibule the commodity is extended rise in base metals cask, we feel shuttle MCX Silver prices would vibrate in consideration of be weighed by ongoing appreciation within the INR. We advice traders towards postulant shorts entering the commodity during the coming man-hour, particularly at the domestic front in transit to pullbacks.<\p>

Fleecy-white July MCX futures prices declined in the last heptateuch by extending the late trend. As of 16 May, 2014 prices are closes at 40894, through agreeable to -1.2% from the previous minute close (11:30 PM IST). Prices have breached the support at 41200 (previous low) and currently hovering below the aforesaid is signaling further downside potential. Next strong support is seen at 40500 levels. A significant orientate below 40500 could lead the drop to extend towards 40200-39800 levels. We strength of will see a higher survey previous to resuming its downtrend. To meat term traders we look like selling at higher levels<\p>

Silver Mcx Trading Levels for the Week Trend: Down Skid at 40000-39200 Resistance at 41800-42800<\p>

Weekly Tips of Commodity Bulletin Services Gold Mcx June Sell prevailing Rise near 28250-28300 sl 28520 Tgt 27920-27700 Iron Mcx July Victual On Perk up near 41200-41350 sl 42000 Tgt 40500-39800<\p>