Commodities Weekly outlook 19-05-14 to 23-05-14

Gold : 25 responded this week, 6 see prices up, while 8 see prices down, and 11 see prices unchanged. especially Trading range will be between $1,255-$1,308 levels. S1:1286.50 S2 :1275 S3:1268.75 R1:1298.45 R2:1306 R3:1318.50	Silver : Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $18.48-$.21.79 levels. S1:19.02 S2 :18.62 S3:18.48 R1:20.08 R2:20.87 R3:21.76	Crude : 9 of 20 analysts, forecast Crude Oil will rise in next week. 2 respondents predicted that futures will be little changed and 9 said the contract will fall. S1:101.65   S2 :100.20  S3:99.30 R1:102.58   R2:102.90   R3:103.70	Copper : 7 of 14 analysts, investors and traders surveyed, said the metal will fall next week. while 5 see prices down, and 2 see prices unchanged. Copper may trade in next week up to 384.70-434.50 levels.
MCX Gold JUN : Now support for the Gold is seen at 27900 and below could see a test of 28770-27425 Resistance is now likely to be seen at 28236 a move above could see prices testing 28400-29732. S1:27900 S2 :27770 S3:27425 R1:28236 R2:28400 R3:29732	MCX Silver JUL : Now support for the silver is seen at 40150 and below could see a test of 39357-37942 Resistance is now likely to be seen at 41950 a move above could see prices testing 42958-44000. S1:40150 S2:39357 S3:37942 R1:41950 R2:42958 R3:44000	MCX Crude Oil MAY : Now support for the Crude is seen at 5905 and below could see a test of 5720. Resistance is now likely to be seen at 6068, a move above could see prices testing 6155-6285. S1:5905 S2:5845 S3:5720 R1:6068 R2:6155 R3:6285	MCX Copper JUN : Now support for Copper is seen at 405.50 and below could see a test of 398.55-386.70. Resistance is now likely to be seen at 417.85, a move above could see prices testing 423.40-432.55 S1:405.50 S2:398.55 S3:386.70 R1:417.85 R2:423.40 R3:432.55
MCX Zinc MAY : Now support for the Zinc is seen at 120.55 and below could see a test of 118.10-115.25. Resistance is now likely to be seen at 124.50, a move above could see prices testing 128.95-131.80 S1:119.55 S2:117.10  S3:114.25 R1:123.50 R2:127.95 R3:130.80	MCX Lead MAY : Now support for the Lead is seen at 122.65 and below could see a test of 120.80-117.25. Resistance is now likely to be seen at 126.20, a move above could see prices testing 128.95-132.80 S1:122.65 S2:120.80  S3:117.25 R1:126.20 R2:128.95 R3:132.80	MCX Nickel MAY : Now support for the Nickel is seen at 1080.65 and below could see a test of 1035.80-965.25. Resistance is now likely to be seen at 1130.20, a move above could see prices testing 1169.95-1235.80 S1:1150.65  S2:1085.80  S3:1100.25 R1:1260.20  R2:1309.95  R3:1395.80	MCX NG MAY : Now support for the Natural Gas is seen at 353.65 and below could see a test of 345.80-231.25. Resistance is now likely to be seen at 268.20, a move above could see prices testing 276.95-292.80 S1:253.65 S2:245.80  S3:231.25 R1:268.20 R2:276.95 R3:292.80