commodity forecast for 25 july 2013 report
bullion commodity forecast
mcx gold aug expiry future last closed at 27243 with loss of 331 rupees.in intraday mcx gold future made high at 27700 while low as near 27200.total 500 rupee intraday range and closed with loss on double rupee and comex gold fall blow.here below 27500 hold sell on rise view for target 27000 –26800 on downside.
mcx silver sep expiry future last closed at 41435 with loss of 419 rupees.in intraday mcx silver future made high at 42100 while low was near 41300.total 800 rupee intraday range and closed with loss.here for intraday sell near 41800 with stoploss for target 40800 to 40k on downside.
metal commodity forecast
mcx aluminium jul expiry future last closed at 107.3 with loss of 10 paise.in intraday mcx aluminium future made high at 107 while low as near 106.total 1 rupee range and closed with loss.here for tomorrow below 108 hold short view for target on downside at 105.
mcx copper aug expiry future last closed at 419.6 with loss of 2 rupees.in intraday mcx copper future made high at 423 while low was at 417.total 6 rupee intraday range and closed with loss.here watch 418 if fall below that sell down for target 408 on downside.
mcx lead jul expiry future last closed at 122 with 15 paise loss.in intraday mcx lead future made high near 122 while low was near 121.total 1 rupee narrow range and lead future consolidating for long time here.for tomorrow hold sell view for targets on downside at 120-118.
mcx nickel jul expiry future last closed at 845 with gains of 8 rupee+.in intraday mcx nickel future made high near 848 while low was near 830.total 18 rupee move and closed with gains.for tomorrow buy near 835 with stoploss for target 850 and above.
mcx zinc jul expiry future last closed at 110 with loss of 35 paise.in intraday mcx zinc future made high near 111 while low was 109.total 2 rupee intraday range and closed with loss.for tomorrow sell near 110.5 with stoploss for target 108 on downside.
energy commodity forecast
mcx crude oil aug expiry future last closed at 6270 with loss of 123 rupees.in intraday mcx crude oil future made high near 6400 while low was near 6240.total 160 rupee intraday range and closed with heavy loss.here sell with stoploss above 6400 and expect target of 6100 to 6050 in medium terms.
mcx natural gas jul expiry future last closed at 220 with loss of 3 rupee.in intraday mcx natural gas future made high at 223 while low was near 218.total 5 rupee range and closed with loss.here sell near 224 with stoploss and keep target at 212-210 in medium terms.