bullion metal and energy technical’s 8 oct 2013
bullion commodity forecast
mcx gold future last closed at 29463 with gains of 374 rupees.in intraday mcx gold future made high at 29579 while low was near 29211.total almost 400 rupee range and closed with gains.here below 29900 hold sell on rise view and expect target 29200-28800.
mcx silver future last closed at 49585 with gains of 1388 rupees.in intraday mcx silver future made high at 49800 while low was at 48350.total 1500 rupee intraday range and taken support of 48k.here above 48500 keep buy on dips view.
metal commodity forecast
mcx aluminium future last closed at 113 with gains of 1.15 rupee.in intraday mcx aluminium future made high at 113.15 while low was near 112.1.total 1.05 rupee intraday range and closed with gains.here above 112.5 keep long view for target 114-115 on upside.
mcx copper future last closed at 454.5 with gains of 50 paise.in intraday mcx copper future made high at 457.45 while low was near 451.15.total 6 rupee intraday range and closed flat.here above 448 keep long view for target 470-480 on upside.
mcx lead future last closed at 126.9 with gains of 90 paise.in intraday mcx lead future made high at 127.2 while low was near 126.1.total 1.2 rupee intraday range and closed with gains.here above 125 keep buy on dips view for target 129-130.
mcx nickel future last closed at 859.6 with gains of 10 paise.in intraday mcx nickel future made high at 870 while low was near 855.total 15 rupee intraday range and closed flat.here above 840 keep buy on dips view and expect target 880+.
mcx zinc future last closed at 114.9 with gains of 60 paise.in intraday mcx zinc future made high at 115.3 while low was near 114.2.total 1.1 rupee intraday range and closed with gains.here above 112.5 keep buy on dips view for target 115-117 on upside.
energy commodity forecast
mcx crude oil future last closed at 6370 with loss of 16 rupee.in intraday mcx crude oil future made high at 6420 while low was at 6312.total 100 rupee+ range and correction continues.here below 6500 keep downside targets at 6300 which almost achieved then 6200.
mcx natural gas future last closed at 225.9 with gains of almost 10 rupee.in intraday mcx natural gas future made high at 227 while low was near 217.total 10 rupee range and closed with gains.here above 218 keep buy on dips view for target 228-234.