commodity forecast 18 November 2013
bullion commodity technical report
mcx gold future on fridays ’s session closed at 30332 with gains.in intraday made low at 30235 while high was 30395.total 150 rupee intraday range and closed with gains.here below 30800 keep sell on rise view.
mcx silver future on last trading sessions closed at 46741 with loss.in intraday mcx silver future made high at 46944 while low was at 46665.total 300 rupee intraday range and closed with loss.here 46k-45k remain as downside targets.
metal commodity technical report
mcx aluminium future last closed at 110.55 with loss.in intraday mcx aluminium future made low at 110.25 while high was at 110.9.total 65 paise intraday range and closed with loss.here expect deep downside upto 109-108.
mcx copper future last closed at 441.05 with loss.in intraday mcx copper future made high at 442.15 while low was at 438.7.total 4 rupee intraday range and closed with loss.here expect 434 as downside target.
mcx lead future last closed at 131 with loss.in intraday mcx lead future in intraday made low at 130.6 while high was at 131.75.total 1+ rupee intraday range and closed with loss.here expect 128-127 as downside target zones.
mcx nickel future last closed at 868.3 with gains.in intraday mcx nickel future made high at 869.8 while low was at 861.7.total 8 rupee intraday range and closed with gains.here below 880 keep sell on rise view.
mcx zinc future last closed at 117.75 with loss.in intraday mcx zinc future made high at 118 while low was at 117.2.80 paise intraday range and closed with loss.here below 119 keep sell on rise view.
energy commodity technical report
mcx crude oil future last closed at 5903 with loss.in intraday mcx crude oil future made high at 5948 while low was at 5893.total 60 rupee intraday range and closed with loss.here below 6150 keep sell on rise view for big downside target.
mcx natural gas future last closed at 229.5 with loss.in intraday mcx natural gas future made high at 229.9 while low was at 226.3.total 4 rupee intraday range and closed with loss.here 224 will remain as support zone for short term traders.