6 November Commodity forecast
bullion commodity technical report
mcx gold future last closed at 29673 with loss of 148 rupees.in intraday mcx gold future made high at 29810 while low was at 29550.total 250 rupee intraday range and closed with loss.here expect targets near 29k.
mcx silver future last closed at 48136 with loss of 121 rupees.in intraday mcx silver future made high at 48249 while low was at 47732.total 500 rupee intraday range and falling down as expect.here keep target at 47-46k.
metal commodity technical report
mcx aluminium future last closed at 111.75 with loss of 15 paise.in intraday mcx aluminium future made low at 110.7 while high was at 112.3.total 1.5 rupee intraday range and closed with loss.here above 110 keep long view.
mcx copper future last closed at 449.5 with gains of 1.9 rupee.in intraday mcx copper future made high at 449.9 while low was near 445.total 5 rupee intraday range and closed with gains.here expect bounce back upto 454.
mcx lead future last closed at 134.65 with gains of 85 paise.in intraday mcx lead future made high at 134.75 while low was at 132.25.total 2.5 rupee intraday range and closed with gains.here expect some upside upto 135.5.
mcx nickel future last closed at 896.4 with gains of 5.1 rupees.in intraday mcx nickel made high near 899 while low was near 886.total 13 rupee intraday range and closed with gains.here expect some upside upto 910.
mcx zinc future last closed at 118.8 with gains of 10 paise.in intraday mcx zinc future made high at 119 while low was at 117.6.total 1.5 rupee intraday range and given recovery.here expect upside upto 120+.
energy commodity technical report
mcx crude oil future last closed at 5815 with loss of 80 rupees.in intraday mcx crude oil future made high at 5891 while low was at 5811.total 80 rupee intraday range and closed in red.here below 5800 expect deep downside upto 5700.
mcx natural gas future last closed at 216.8 with gains of 2.5 rupees.in intraday mcx ng future made high at 217.2 while low as near 210.total 7 rupee intraday range and closed with gains.here expect bounce back upto 222!