Commodity forecast for 11 March 2014

Mcx commodity forecast, outlooks, premarket, intraday levels, technical analysis, chart analysis, price trends for 11 March 2014.Commodity forecast 6 March 2014MCX GOLD April expiry future last closed at 30,130 with flat. In intraday mcx gold future’s high was at 30,148 while low was at 29,956. Total 200-rupee intraday range and closed with gain. As expected holding 30k level so keep buy on dips view.MCX SILVER May expiry future last closed at 45,962 with loss. In intraday mcx silver future’s high was at 46,200 while low was at 45,570. Total almost 700-rupee intraday range and closed with loss. Watch 45k support zone for going long or short. MCX ALUMINIUM March expiry future last closed at 106.85 with gain. In intraday mcx aluminium, future hit high at 107 while low was at 105. Total 2-rupee intraday range and closed with gain. Below 108-109, zones keep short view here for downside targets.MCX COPPER April expiry future last closed at 413.9 with loss. In intraday mcx, copper future made high at 421 while low was at 410. Total 11-rupee intraday range and closed with loss. Watch 406-410 zone below it deep downside up to 380-370 is possible.MCX LEAD March expiry future last closed at 126.8 with loss. In intraday mcx lead future’s high was at 127 while low was at 124. Total 3-rupee intraday range and closed loss. Watch 124 as strong support.MCX NICKEL March expiry future last closed at 945 with gain. In intraday mcx nickel future’s high was at 947 while low was at 910. Total 37-rupee intraday range and closed with gain. Above 920, keep buy on dips view.MCX ZINC March expiry future last closed at 124.75 with loss. In intraday mcx zinc, future hit high at 126 while low was at 123. Total 3-rupee intraday range and closed with loss. Below 127, keep sell on rise view. MCX CRUDEOIL March expiry future last closed at 6188 with loss. In intraday mcx crude oil, future hit high at 6330 while low was at 6156. Total almost 180 rupee intraday and closed with loss. Above 6150, keep long view here.MCX NATURALGAS March expiry future last closed at 281 with loss. In intraday mcx natural gas, future made high at 290 while low was at 278. Total 12-rupee intraday range and closed with loss. On downside, watch 276-280 zones as strong support.

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Pramod Baviskar

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