Commodity forecast 14 February 2014

Commodity forecast 14 February 2014

MCX GOLD April expiry future last closed at 29,180 with gain. In intraday mcx gold future’s high was at 29,218 while low was at 29,065. Total 150-rupee intraday range and closed with gain. For intraday, mcx gold remain buy and outlook is bullish.

MCX SILVER March expiry future last closed at 44,910 with gain. In intraday mcx silver future’s high was at 45,000 while low was at 44,618. Total almost 400-rupee intraday range and closed with gain. For intraday, mcx silver is buy strong bullish outlook.

MCX ALUMINIUM Feb. expiry future last closed at 106.45 with gain. In intraday mcx aluminium, future hit high at 106.6 while low was at 105. Total 1.5-rupee intraday range and closed with gain. For intraday, mcx aluminium future is buy with stop loss below 105.

MCX COPPER Feb. expiry future last closed at 446.35 with gain. In intraday mcx, copper future made high at 447 while low was at 443. Total 4-rupee intraday range and closed with gain. For intraday mcx, copper future is buy with stop loss below 440.

MCX LEAD Feb. expiry future last closed at 131.55 with gain. In intraday mcx lead future’s high was at 132 while low was at 130.7. Total 1-rupee intraday range and closed gain. For intraday mcx, lead future is buy near 130.

MCX NICKEL Feb. expiry future last closed at 882.7 with loss. In intraday mcx nickel future’s high was at 897 while low was at 878. Total 20-rupee intraday range and closed with loss. For intraday mcx nickel, future is buy with strict stop loss at 860.

MCX ZINC Feb. expiry future last closed at 126.25 with gain. In intraday mcx zinc, future hit high at 126 while low was at 125. Total 1-rupee intraday range and closed with gain. For intraday mcx zinc, future is buy near 125.

MCX CRUDEOIL Feb. expiry future last closed at 6253 with gain. In intraday mcx crude oil, future hit high at 6255 while low was at 6193. Total almost 65 rupee intraday and closed with gain. For intraday mcx crude oil, future is heading towards 6400.

MCX NATURALGAS Feb. expiry future last closed at 318.7 with gain. In intraday mcx natural gas, future made high at 319 while low was at 303. Total 16-rupee intraday range and closed with gain. For intraday mcx NG, future is heading towards 340-350 levels again.

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