Commodity forecast 21 march 2014

Mcx commodity forecast, outlooks, premarket, intraday levels, technical analysis, chart analysis, price trends for 21 March 2014.

Commodity forecast 21 march 2014

MCX GOLD April expiry future last closed at 29,735 with loss. In intraday mcx gold future’s high was at 29,980 while low was at 29,721. Total 250-rupee intraday range and closed with loss. Below 29,800, expect deep downside up to 29,200.

MCX SILVER May expiry future last closed at 44,950 with loss. In intraday mcx silver future’s high was at 45,700 while low was at 44,700. Total almost 1000-rupee intraday range and closed with loss. Silver below 44,800 is heading towards 43k.

 

MCX ALUMINIUM March expiry future last closed at 102.7 with loss. In intraday mcx aluminium, future hit high at 104 while low was at 102. Total 2-rupee intraday range and closed with loss. Aluminium is heading for target 101.

MCX COPPER April expiry future last closed at 399.9 with loss. In intraday mcx, copper future made high at 406 while low was at 397. Total 9-rupee intraday range and closed with loss. Below 408, keep sell on rise view for copper future.

MCX LEAD March expiry future last closed at 125.45 with loss. In intraday mcx lead future’s high was at 127.1 while low was at 125.35. Total 2-rupee intraday range and closed loss. Below 128, keep sell on rise view for downside targets.

MCX NICKEL March expiry future last closed at 966.2 with loss. In intraday mcx nickel future’s high was at 993 while low was at 961. Total 32-rupee intraday range and closed with loss. Below 980, expect deep downside up to 920.

MCX ZINC March expiry future last closed at 119.05 with loss. In intraday mcx zinc, future hit high at 121 while low was at 119. Total 2-rupee intraday range and closed with loss. Traders must watch 117-118 support zones.

 

MCX CRUDEOIL April expiry future last closed at 6080 with gain. In intraday mcx crude oil, future hit high at 6131 while low was at 6040. Total almost 90 rupee intraday and closed with gain. Major support is at 5950 so watch for that.

MCX NATURALGAS March expiry future last closed at 267.1 with loss. In intraday mcx natural gas, future made high at 274 while low was at 266. Total 8-rupee intraday range and closed with loss. On downside, watch 265-260 is target zones for natural gas future.

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