commodity forecast 15 November 2013
bullion commodity technical report
mcx gold future last closed at 30311 with gains of 254 rupees.in intraday mcx gold future made high at 30437 while low was at 30115.total 300 rupee intraday range and closed with gains as rupee tumbles.here below 30800 keep sell on rise view and still expect downside.
mcx silver future last closed at 46982 with gains of 305 rupees.in intraday mcx silver future made high at 47280 while low was at 46780.total 500 rupee intraday range and closed with gains.here below 48k stay short with stoploss.
metal commodity technical report
mcx aluminium future last closed at 111.1 with loss of 60 paise.in intraday mcx aluminum future made high at 111.8 while low was at 111.total 80 paise intraday range and closed with loss.here expect 110-109 on downside.
mcx copper future last closed at 442.3 with loss of 60 paise.in intraday mcx copper future made high at 445 while low was at 440.55.total 5 rupee intraday range and closed with loss.here expect lower levels upto 434.
mcx lead future last closed at 132.05 with loss of 40 paise.in intraday mcx lead future made high at 133.2 while low was at 131.6.total 1.6 rupee intraday range and closed with loss.here expect downside targets of 128 and below.
mcx nickel future last closed at 863.7 with loss of 6.3 rupees.in intraday mcx nickel future made high at 875.8 while low was at 862.5.total 13 rupee intraday range and closed with loss.here below 880 downside upto 840-830 is possible.
mcx zinc future last closed at 117.8 with loss of 25 paise.in intraday mcx zinc future made high at 118.55 while low was at 117.65.total 1 rupee intraday range and closed with loss.here expect downside targets upto 115.
energy commodity technical report
mcx crude oil future last closed at 5951 with loss of 32 rupees.in intraday mcx crude oil future made high at 5964 while low was at 5868.total 100 rupee intraday range and closed with loss.here expect downside upto 5850 till expiry.