commodity forecast for 12 sep 2013

bullion commodity forecast

mcx gold oct expiry future last closed at 30698 with loss of 55 rupees.in intraday mcx gold future made high near 31k while low was near 30400.total 600 rupee intraday range and closed in red.here as rupee gains and profit booking continue on comex,gold prices sliding down towards supports.here watch 29800 support as final.below that downtrend will start.

mcx silver dec expiry future last closed at 52465 with gains of 44 rupees.in intraday mcx silver future made high near 52800 while low was near 51800.total 1000 rupee intraday range and closed with gains.here also same view like gold.50-51k is strong support below that downtrend will trigger.

metal commodity forecast

mcx aluminium sep expiry future last closed at 112.6 with loss of 55 paise.in intraday mcx aluminium future made high near 114 while low was near 112.total 2 rupee intraday range and closed with loss as rupee gains.here below 112.5 keep target at 110 and below.

mcx copper nov expiry future last closed at 464.95 with loss of 2.3 rupees.in intraday mcx copper future made high near 473 while low was near 463.total 10 rupee intraday range and closed with loss.here below 472 hold short view for target 455-448 on downside in intraday.

mcx lead sep expiry future last closed at 134.35 with loss of 1 rupee.in intraday mcx lead future made high near 137 while low was near 134.total 3 rupee intraday range and closed in red.here below 135 keep short view for target 132-130 on downside.

mcx nickel sep expiry future last closed at 874 with gains of 3 rupees.in intraday mcx nickel future made high near 885 while low was near 869.total 16 rupee intraday range and closed flat positive.here below 890 keep short view for target 850-840 on downside.

mcx zinc sep expiry future last closed at 117.6 with loss of 80 paise.in intraday mcx zinc future made high near 120 and low was near 117.total 3 rupee intraday range and closed with loss.here below 118 keep short view for target 115 and below.

energy commodity forecast

mcx crude oil sep expiry future last closed at 6870 with gains of 33 rupees.in intraday mcx crude oil future made high near 6910 while low was near 6796.total 110 rupee intraday range and closed with gains.here expect high volatility on account of news flow.but rupee put some pressure eon price.below 6900 keep short view for target 6700 and below.

mcx natural gas sep expiry future last closed at 229.9 with gains of 1.3 rupees.here in intraday mcx ng future made high near 232 while low was near 224.total 8 rupee intraday range and closed with gains.here below 234 keep target at 224-220.

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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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