Commodity forecast 21 February 2014

MCX Commodity futures, gold,silver,copper,lead,crude oil, natural gas etc. closing prices, daily range, premarket analysis and forecast for 21 February 2014.

Commodity forecast 21 February 2014

MCX GOLD April expiry future last closed at 29,882 with loss. In intraday mcx gold future’s high was at 29,980 while low was at 29,780. Total 200-rupee intraday range and closed with loss. Traders above 29,800 must keep long view while daily closing below 29,800 will be shorting opportunity for target 29,200 on downside.

MCX SILVER March expiry future last closed at 47,475 with loss. In intraday mcx silver future’s high was at 47,670 while low was at 47,151. Total almost 500-rupee intraday range and closed with loss. Watch 47k support if close below it then expect targets up to 45k to 43k. However, sustain then it will be buying opportunity.

 

MCX ALUMINIUM Feb. expiry future last closed at 107.7 with loss. In intraday mcx aluminium, future hit high at 108 while low was at 107. Total 1-rupee intraday range and closed with loss. Below 109, keep short view here.

MCX COPPER Feb. expiry future last closed at 449.85 with loss. In intraday mcx, copper future made high at 451 while low was at 447. Total 4-rupee intraday range and closed with loss. Expect correction up to 442-440.

MCX LEAD Feb. expiry future last closed at 132.2 with loss. In intraday mcx lead future’s high was at 133 while low was at 132. Total 1-rupee intraday range and closed loss. Watch 131-132 as strong support zone any closing below means targets up to 128-126.

MCX NICKEL Feb. expiry future last closed at 891 with loss. In intraday mcx nickel future’s high was at 900 while low was at 890. Total 10-rupee intraday range and closed with loss. Below 910, keep sell on rise view.

MCX ZINC Feb. expiry future last closed at 127.45 with loss. In intraday mcx zinc, future hit high at 128 while low was at 126. Total 2-rupee intraday range and closed with loss. Below 129, keep sell on rise view here.

 

MCX CRUDEOIL March expiry future last closed at 6417 with gain. In intraday mcx crude oil, future hit high at 6440 while low was at 6390. Total almost 50 rupee intraday and closed with gain. Stay long for target 6550 with strict stop loss.

MCX NATURALGAS Feb. expiry future last closed at 388 with gain. In intraday mcx natural gas, future made high at 396 while low was at 366. Total 30-rupee intraday range and closed with gain. Above 370, keep long view for target 410-415.

You May Like This :

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.

COPYRIGHT © 2017. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.