Bullion Base Metals Energy forecast 24 October 2013
bullion commodity forecast
mcx gold future last closed at 30157 with gains of 36 points.in intraday mcx gold future made high at 30269 while low was at 30054.total 200 rupee intraday range and closed with gains.tomorrow keep long view and expect 30500-30800 as upside target for gold future.
mcx silver future last closed at 49735 with loss of 149 rupees.in intraday mcx silver future made high at 50199 while low was at 49656.total almost 600 rupee intraday range and closed in red on profit booking.for thursday traders keep target at 51500.
metal commodity forecast
mcx aluminium future last closed at 111 with loss of 1.4 rupee.in intraday mcx aluminium future made high at 113.4 while low was at 110.7.total 2 rupee intraday range and sell off.here expect 109 and below levels as target for tomorrow.
mcx copper future last closed at 446.9 with loss of 7.55 rupees.in intraday mcx copper future made high at 454.7 while low was at 446.7.total 8 rupee intraday range and breakdown for copper prices.here expect 440-434 levels as target for tomorrow.
mcx lead future last closed at 132.4 with loss of 1.25 rupees.in intraday mcx lead future made high at 134.35 while low was at 132.2.total 2+ rupee intraday range and closed with loss.here 131 is last support below that expect 128 and below levels as target.
mcx nickel future last closed at 891.5 with loss of 12.2 rupees.in intraday mcx nickel future made high at 910 while low was at 890.total 20 rupee intraday range and closed in red.here for tomorrow keep target at 880-860.
mcx zinc future last closed at 116.95 with loss of 1.5 rupees.in intraday mcx zinc future made high at 118.9 while low was at 116.85.total 2 rupee intraday range and closed with loss.here for tomorrow keep target at 115.
energy commodity forecast
mcx crude oil future last closed at 6020 with loss of 39 rupees.in intraday mcx crude oil future made high at 6068 while low was at 5957.total 110 rupee intraday range and achieved 6000 target.here below 6000 expect 5850 as next target.
mcx natural gas future last closed at 222.8 with gains of 2.6 rupees.in intraday mcx ng future made high at 224.3 while low as at 219.8.total 4 rupee intraday range and closed with gains on bounce back.here expect bounce back upto 226-228.