Commodity forecast 25 march 2014

Mcx commodity forecast, outlooks, premarket, intraday levels, technical analysis, chart analysis, price trends for 25 March 2014.

Commodity forecast 25 march 2014

MCX GOLD April expiry future last closed at 29,142 with loss. In intraday mcx gold future’s high was at 29,700 while low was at 29,121. Total 600-rupee intraday range and closed with loss. For tomorrow, gold has support at 29,100 and resistance at 29,500.

MCX SILVER May expiry future last closed at 43,960 with loss. In intraday mcx silver future’s high was at 44,510 while low was at 43,900. Total almost 600-rupee intraday range and closed with loss. Below 44,500, expect 43k as target.

 

MCX ALUMINIUM March expiry future last closed at 103 with loss. In intraday mcx aluminium, future hit high at 103.35 while low was at 102.65. Total 1-rupee intraday range and closed with loss. Aluminium prices are heading towards bottom of 100-101.

MCX COPPER April expiry future last closed at 398.5 with loss. In intraday mcx, copper future made high at 402 while low was at 396. Total 6-rupee intraday range and closed with loss. Below 410, keep bearish view for target 390-380.

MCX LEAD March expiry future last closed at 123.8 with loss. In intraday mcx lead future’s high was at 125.6 while low was at 123.6. Total 2-rupee intraday range and closed loss. Below 123, we may expect 120-118 levels.

MCX NICKEL March expiry future last closed at 977 with loss. In intraday mcx nickel future’s high was at 985 while low was at 966. Total 19-rupee intraday range and closed with loss. Consolidation and correction may continue for upcoming sessions.

MCX ZINC March expiry future last closed at 117.6 with loss. In intraday mcx zinc, future hit high at 118.45 while low was at 117.45. Total 1-rupee intraday range and closed with loss. Below 118, expect downside targets of 115-114.

 

MCX CRUDEOIL April expiry future last closed at 6092 with loss. In intraday mcx crude oil, future hit high at 6124 while low was at 6043. Total almost 85 rupee intraday and closed with loss. Crude below 6150 remains sell.

MCX NATURALGAS March expiry future last closed at 259.7 with loss. In intraday mcx natural gas, future made high at 265 while low was at 259. Total 6-rupee intraday range and closed with loss. On downside, watch 255 is next support and now resistance is at 270.

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Pramod Baviskar

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