Commodity forecast 11 November 2013
bullion commodity technical report
mcx gold future last closed at 29705 with loss.in intraday made high at 30070 while low was at 29674.total 400 rupee intraday range and closed in red.here expect downside upto 29500-29400.keep sell on rise view.
mcx silver future last closed at 48144 with loss.in intraday mcx silver future made high at 48914 while low was at 48004.total 900 rupee intraday range and closed with loss.here also expect downside upto 47k.rupee remain key factor here.
metal commodity technical report
mcx aluminium future last closed at 113.6 with gains.in intraday mcx aluminium future made high at 113.8 while low was at 111.65.total 2.5 rupee intraday range and closed with gains.here expect upside target upto 115.
mcx copper future last closed at 457 with gains.in intraday mcx copper future made high at 458.35 while low was at 450.total almost 9 rupee intraday range and closed with gains.here next target will be 464.
mcx lead future last closed at 135.4 with gains .in intraday mcx lead future made high at 135.7 while low was at 133.45.total 2 rupee+ intraday range and closed with gains.here next target zone will be 138.
mcx nickel future last closed at 882.8 with gains.in intraday mcx nickel future made high at 888 while low was near 876.total 12 rupee intraday range and closed with flat gains.here above 880 keep long view.
mcx zinc future last closed at 119.9 with gains.in intraday mcx nickel future made high at 120.1 while low was at 117.85.total 2 rupee+ intraday range and closed with gains.here expect higher levels upto 122.
energy commodity technical report
mcx crude oil future last closed at 5993 with gains.in intraday mcx crude oil future made high at 6028 while low was at 5917.total 110 rupee intraday range and closed with gains.here expect bounce back upto 6100+.
mcx natural gas future last closed at 227.1 with gains.in intraday mcx ng future made high near 228 while low was near 221.total 7 rupee intraday rally and recovered from bottom.here expect 232 as next target.