Commodity forecast for 13 March 2014

Mcx commodity forecast, outlooks, premarket, intraday levels, technical analysis, chart analysis, price trends for 13 March 2014.

Commodity forecast for 13 March 2014

MCX GOLD April expiry future last closed at 30,454 with gain. In intraday mcx gold future’s high was at 30,550 while low was at 30,280. Total 250-rupee intraday range and closed with gain. As expected heading towards 30800.

MCX SILVER May expiry future last closed at 46,663 with gain. In intraday mcx silver future’s high was at 47,000 while low was at 45,900. Total almost 1100-rupee intraday range and closed with gain. Above 45,200, keep long view for upside targets.

 

MCX ALUMINIUM March expiry future last closed at 106.1 with gain. In intraday mcx aluminium, future hit high at 106 while low was at 105. Total 1-rupee intraday range and closed with gain. Below 108, keep sell on rise view.

MCX COPPER April expiry future last closed at 402.8 with gain. In intraday mcx, copper future made high at 406 while low was at 397. Total 9-rupee intraday range and closed with flat gain. Expect bounce back up to 410.

MCX LEAD March expiry future last closed at 124 with loss. In intraday mcx lead future’s high was at 125.5 while low was at 122.5. Total 3-rupee intraday range and closed loss. Expect bounce back up to 127.

MCX NICKEL March expiry future last closed at 956 with gain. In intraday mcx nickel future’s high was at 964 while low was at 939. Total 25-rupee intraday range and closed with gain. Next target will be 995.

MCX ZINC March expiry future last closed at 121.6 with loss. In intraday mcx zinc, future hit high at 123 while low was at 121. Total 2-rupee intraday range and closed with loss. Zinc may give technical bounce back up to 124.

 

MCX CRUDEOIL March expiry future last closed at 5987 with loss. In intraday mcx crude oil, future hit high at 6120 while low was at 5965. Total almost 150 rupee intraday and closed with loss. Now watch 5950 as major support.

MCX NATURALGAS March expiry future last closed at 277.4 with loss. In intraday mcx natural gas, future made high at 284 while low was at 272. Total 12-rupee intraday range and closed with loss. On downside, may show lower levels of 265-260.

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