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Commodity outlook for 2 December 2013

Commodity outlook for 2 December 2013

MCX GOLD Dec. expiry future last closed at 30256 with gain . In Intraday gold future hit high at 30330 while low was at 30015 . Total almost 300 rupee intraday range and closed with gains. Below 30800 keep sell on rise view only Rupee factor may change the trend.

MCX SILVER Dec. expiry future last closed at 44274 with gain. In intraday silver future hit high at 44649 while low was at 43986 . Total almost 650 rupees intraday range and closed in green . below 45,200 expect downside rally.

MCX ALUMINIUM Dec. expiry future last closed at 108.35 flat. In intraday aluminium future made high at 109.25 and low was at 107.95. Total 1+ rupee intraday range and closed flat. For monday watch 108 as strong support on chart.

MCX COPPER Feb. expiry future last closed at 450.85 with gain. In intraday copper future made high at 452.95  and low was at 447.85 . Total 5 rupee intraday range and closed in green . For monday trader watch 448 as strong support on downside.

MCX LEAD Dec. expiry future last closed at 129.65 with gain. In intraday lead future made high at 130.6 and low was at 128.7. Total 2 rupee intraday range and closed in green . Here expect higher levels upto 134 .

MCX NICKEL Dec. expiry future last closed at 848.4 with 6 rupee gains . In intraday nickel future made high at 855.4 and low was at 837.3 . Total 18 rupee intraday range and closed in green. for intraday 840 will remain as strong support.

MCX ZINC Nov. expiry future last closed at 117.1 with gain. In intraday zinc future hit high at 117.65 and low was at 115.95. Total 1.5 rupee plus intraday range and closed in green . Above 115 keep long view for zinc future.

MCX CRUDEOIL Dec. expiry future last closed at 5839 with gain. In intraday crude oil future made high at 5885 and low was at 5761. Total 125 rupee intraday range and closed in green . below 5900 keep sell on rise view .

MCX NATURALGAS Dec. expiry future last closed at 246.7 with loss. In intraday natural gas future made high at 248 and low was at 243.2 . Total 5 rupee intraday range and closed with loss. above 240 keep buy on dips view and expect targets upto 255 .

Updated: February 21, 2014 — 9:40 PM

The Author

Pramod Baviskar

Professional Financial Market Trader and Adviser Working since 2007 Developer of Trade-master™,Future-master™,Option-master™ and Now Signal-Pro™(Professional Trading system for Amibroker software) Working and Developing Auto-trading robots for various Financial Market. Follow Me on : Facebook-Twitter-Google-YouTube-Pinterest

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