5 November commodity forecast
bullion commodity technical report
mcx gold future last closed at 29843 with loss of 28 rupees.in intraday made high at 29938 while low was at 29791.total 150 rupee intraday range and closed with loss.here below 30200 keep selling view.
mcx silver future last closed at 48280 with loss of 452 rupees.in intraday mcx silver future made high at 48688 while low was at 48280.total 400 rupee intraday range and closed with loss.here keep target at 48-47k.
metal commodity technical report
mcx aluminium future last closed at 111.95 with loss of 1.75 rupees.in intraday mcx aluminium future made high at 113 while low was at 111.8.total 1.2 rupee intraday range and closed in red.now expect 111-110 as downside targets.
mcx copper future last closed at 447.7 with loss of 7.6 rupees.in intraday mcx copper future made high at 454.25 while low was at 447.45.total 7 rupee intraday range and closed with loss.here expect downside upto 434 for now.
mcx lead future last closed at 134.1 with loss of 1.8 rupees.in intraday mcx lead future made high at 135.6 while low was at 133.6.here 2 rupee intraday range and closed in red.now expect downside upto 131 in near terms.
mcx nickel future last closed at 891.7 with loss of 15.4 rupees.in intraday mcx nickel future made high at 902.4 while low was near 890.total 12 rupee intraday range and closed with loss.here below 910 keep sell on rise view.
mcx zinc future last closed at 118.65 with loss of 1 rupee.in intraday mcx zinc future made high at 119.5 while low was at 118.6. total 1 rupee intraday range and closed with loss.here expect downside upto 115.
energy commodity technical report
mcx crude oil future last closed at 5894 with loss of 13 rupees.in intraday mcx crude oil future made high at 5927 while low was at 5872.total 50 rupee intraday range and closed in red.here expect deep downside upto 5700-5600 levels in upcoming sessions.
mcx natural gas future last closed at 214.4 with loss of 5.8 rupees.in intraday mcx natural gas future made high at 219.8 while low was at 213.2.total 6 rupee intraday range and closed with sharp loss.here below 218 next target will be 208-205.