commodity forecast for 11 sep 2013

bullion commodity forecast

mcx gold oct expiry future last closed at 30780 with loss of 760 rupees.in intraday mcx gold future made high near 31500 while low was near 30500.total 1000 rupee intraday range and closed in red with heavy profit booking.here on downside watch 29800 support if shoes reversal then must invest for upside target.

mcx silver dec expiry future last closed at 52336 with loss 1781 rupees.in intraday mcx silver future made high near 54k while low was near 51700.total 2300 rupee intraday range and closed in red with heavy profit booking.on downside below 52k hope for sharp correction upto 51k-50k.

metal commodity forecast

mcx aluminium sep expiry future last closed at 113.35 with loss of 1.2 rupees.in intraday mcx aluminium future made high near 115 while low was near 112.total almost 3 rupee range and profit booking continues.here on downside expect target at 112-110 while 115.5 is now strong resistance.

mcx copper nov expiry future last closed at 468 with loss of 6 rupees.in intraday mcx copper future made high near 474 while low was near 465.total 9 rupee intraday range and closed in red.here below 476 hold short view for target 455-442 on downside.

mcx lead sep expiry future last closed at 135.85 with loss of 2 rupees.in intraday mcx lead future made high near 138 while low was near 135.total 3 rupee range and closed in red on sharp profit booking.here below 138 hold short view for target 134-132 on downside.

mcx nickel sep expiry future last closed at 874 with loss of 22 rupees.in intraday mcx nickel future made high near 893 while low was near 868.total 24 rupee intraday range and closed in red on account of profit booking.here below 880 hold short view for target 860-850 on downside.

mcx zinc sep expiry future last closed at 118.5 with loss of 1.6 rupees.in intraday mcx zinc future made high near 120 while low was near 118.total 2 rupee intraday range and closed in red.here below 121 hold downside target at 115-113.

energy commodity forecast

mcx crude oil sep expiry future last closed at 6845 with loss of 211 rupees.in intraday mcx crude oil future made high near 7040 while low was near 6778.total almost 200 rupee+ range and closed in red as profit booking continues.here below 6900 expect targets near 67 to 66k in upcoming sessions.

mcx natural gas sep expiry future last closed at 228.8 with loss of 3 rupees.in intraday mcx ng future made high near 235 while low was near 226.total 9 rupee intraday range and closed in red.here below 232 hold short view for target 224-220 on downside.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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