Commodity Budget 2017 week outlook for 30 Jan to 3 Feb

mcx gold Budget 2017 week outlook for 30 Jan to 3 Feb

Mcx gold hit 28150-28850 targets now correcting

Mcx gold this week closed with loss at 28284. Mcx gold future achieved my both revised January bullish targets of 28150 and 28850. Now correcting and heading towards support zones of 28150 and 27500. From long term view, mcx gold below 28350 remain weak and sell for target 24200. mcx silver Budget 2017 week outlook for 30 Jan to 3 Feb

Mcx silver hit 41300 target next is 43500

Mcx silver this week closed with gain at 41465. Mcx silver future buy call 38800 to 41300 hit my given target and now trading above it. Above 41300 next target will be 43500. Above 40400, mcx silver long term remain bullish for target 47600. mcx aluminium Budget 2017 week outlook for 30 Jan to 3 Feb

Mcx aluminium hit all tgt now time for deep correction

Mcx aluminium this week closed with loss at 124.05. Mcx aluminium hit bullish and supper bullish positional target of month of January. They were 118-121-123 and 126. Now started correction and will head towards 123-121 and 118 levels. From long term view, aluminium its 2017 first target of 126 rupee and now correcting towards support of 112 rupee. mcx copper Budget 2017 week outlook for 30 Jan to 3 Feb

Mcx copper hit 402 tgt next tgt is at 428

Mcx copper this week closed with gain at 404. Mcx copper achieved positional target of 402 and now trading above it. We already saw high up to 410 rupee. Above 402 mcx copper remain buy for next positional bullish target of 428 rupees. If fails expect downside up to 383 on sharp selloff. From long term view, mcx copper is bullish and heading towards 433 target. mcx lead Budget 2017 week outlook for 30 Jan to 3 Feb

Mcx lead hit high 163+ now looks weak

Mcx lead future this week closed with loss at 155.45. We saw mcx lead rallied from 134 to my target 155 and then hit high up to 163.5 and failed to sustain on news flow. Now looking weak and below 155 expect strong selloff for targets 144 and 125 rupees. mcx nickel Budget 2017 week outlook for 30 Jan to 3 Feb

Mcx nickel hit 642 next support tgt 599

Mcx nickel future this week closed with loss at 652. Mcx nickel on recovery rally hit 722 target but failed to cross that which resulted in sell off. On downside achieved 642 rupee target and now below it expect next support as well as target at 599 rupee. From long term view, mcx nickel below 675 remain bearish and target will be 530 rupee. mcx zinc Budget 2017 week outlook for 30 Jan to 3 Feb

Mcx zinc hit 189 now correcting

Mcx zinc future this week closed with loss at 187.5. Mcx zinc rallied from166 and hit targets 177 and 189. Now correcting towards support zones. Below 189 remain weak for target 177 and below. From long term view, above 158 remain buy on dips for target 219. mcx crude oil Budget 2017 week outlook for 30 Jan to 3 Feb

Mcx crude oil above 3570 remain buy

Mcx crude oil this week closed with loss at 3608. Oil future is stuck in range but outlook still bullish. On downside 3570 is major support and above it crude oil will remain bullish and buy for target 3790. From long term view, crude oil is heading towards 4300 target. mcx natural gas Budget 2017 week outlook for 30 Jan to 3 Feb

Mcx natural gas above 227 might recover up to 245+

Mcx natural gas future this week closed with gain. Mcx natural gas is in downtrend and we already saw it achieved tgt 227 and given swing low of 212. Now recovering and above 227 expect recovery rally to continue for target 245+. From long term view, above 208 remain buy and accumulate for target 307.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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