Commodity forecast 27 March 2014

Mcx commodity forecast, outlooks, premarket, intraday levels, technical analysis, chart analysis, price trends for 27 March 2014.

Commodity forecast 27 March 2014

MCX GOLD April expiry future last closed at 28,589 with loss. In intraday mcx gold future’s high was at 29,050 while low was at 28,380. Total 650-rupee intraday range and closed with loss. Below 28,500, expect deep downside up to 27k.

MCX SILVER May expiry future last closed at 43,040 with loss. In intraday mcx silver future’s high was at 43,750 while low was at 42,870. Total almost 900-rupee intraday range and closed with loss. Below 43k, expect deep downside for prices up to 41k to 40k.

 

MCX ALUMINIUM March expiry future last closed at 101.9 with loss. In intraday mcx aluminium, future hit high at 104 while low was at 101.7. Total 2-rupee intraday range and closed with loss. Aluminium prices are as expected heading for 101-100 rupee target.

MCX COPPER April expiry future last closed at 397 with loss. In intraday mcx, copper future made high at 404 while low was at 395. Total 9-rupee intraday range and closed with loss. Copper future is also heading for 390-380 level.

MCX LEAD March expiry future last closed at 122.9 with loss. In intraday mcx lead future’s high was at 125 while low was at 121. Total 4-rupee intraday range and closed loss. Below 123, keep sell on rise view.

MCX NICKEL March expiry future last closed at 953.8 with loss. In intraday mcx nickel future’s high was at 975 while low was at 945. Total 30-rupee intraday range and closed with loss. Above 940, keep buy on dips view.

MCX ZINC March expiry future last closed at 118.1 with loss. In intraday mcx zinc, future hit high at 120.5 while low was at 117.65. Total 3-rupee intraday range and closed with loss. Below 120 zones, keep sell on rise view.

 

MCX CRUDEOIL April expiry future last closed at 6042 with gain. In intraday mcx crude oil, future hit high at 6052 while low was at 5996. Total almost 60 rupee intraday and closed with gain. Crude future below 6100 remains bearish for downside targets.

MCX NATURALGAS April expiry future last closed at 266.3 with loss. In intraday mcx natural gas, future made high at 268 while low was at 263. Total 5-rupee intraday range and closed with loss. Major Support is at 258-260 zones.

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Pramod Baviskar

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