Commodity forecast 4 November
bullion commodity technical report
mcx gold future on muhurat trading closed at 29871 with gains.in intraday mcx gold future made high at 29930 while low was at 29845.total 85 rupee intraday range and closed with gains.here below 30200 keep sell on rise view for deep downside targets at 29k and below.
mcx silver future on last trading session closed at 48732 with gains.in intraday mcx silver future made high at 48825 while low as at 48698.total 125 rupee intraday range and closed with gains.here expect downside targets of 48-47k.
metal commodity technical report
mcx aluminum future last closed at 113.7 with flat gains.in intraday mcx aluminium future made high at 113.8 while low was at 113.6.20 paise intraday range and closed flat.here above 112.5 keep long view.
mcx copper future last closed at 455.3 with loss.in intraday mcx copper future made high at 456.85 while low was at 455.05.total 2 rupee intraday range and closed in red.here above 448 keep buy on dips view.
mcx lead future last closed at 135.9 with loss.in intraday mcx lead future made high at 136.25 while low was at 135.7.total 35 paise intraday range and closed with loss.here still expect 138+ levels as targets.
mcx nickel future last closed at 907.1 with loss.in intraday mcx nickel future made high at 910.6 while low was at 905.1.total 5 rupee intraday range and closed with loss.here upside target now at 925.
mcx zinc future last closed at 119.65 with loss.in intraday mcx zinc future made high at 120 while low was at 119.6.total 40 paise intraday range and closed with loss.here expect upside target of 122+.
energy commodity technical report
mcx crude oil future last closed at 5907 with loss.in intraday mcx crude oil future made high at 5920 while low was at 5901.total 19 rupee intraday range and closed with loss.here still expect higher levels on sharp short covering rally.
mcx natural gas future last closed at 220.2 with loss.in intraday mcx ng future made high at 220.8 while low was at 220.total 80 paise intraday range and closed with loss.here expect downside levels of 216-214.