commodity forecast for 19 july 2013
bullion commodity forecast
mcx gold aug expiry future last closed at 26,665 with gains of 318 rupees.in intraday mcx gold future made high near 26700 while low was near 26400.total 300 rupee intraday range and closed with gains after panic selling.here watch for breakout above 26900!!may show 27500 to 28k in very short time above this major supply zone of 26900!!
mcx silver sep expiry future last closed at 40515 with gains of 361 rupees.in intraday mcx silver future made high at 40600 while low was near 40k.total 600 rupee range and closed with marginal gains.here below 40800-41k still hold short view for target on downside!!buy if close above 41k and hold.
metal commodity forecast
mcx aluminium jul expiry future last closed at 105.95 with gains of 55 paise.in intraday mcx aluminium future made high at 106 while low was near 105.total 1 rupee short range and closed with gains.for tomorrow sell near 108 with stoploss for target 105 and below.
mcx copper aug expiry future last closed at 415.65 with gains of 3 rupee+.in intraday mcx copper future made high near 416 while low was near 411.total 5 rupee intraday range and closed with gains.for tomorrow watch 418 level and if opens above it then buy for target 424+ below it still hold shoring view.
mcx lead jul expiry future last closed at 121.7 with gains of 1.5 rupees.in intraday mcx lead future made high near 122 while low was near 119.total almost 3 rupee intraday range and closed with gains.for tomorrow sell near 122-123 with stoploss for target 118 and below in short term.
mcx nickel jul expiry future last closed at 836.5 with gains of 9 rupees+.in intraday mcx nickel future made high near 837 while low was at 822.total 15 rupee range and trending higher strong.for tomorrow buy near 828 with stoploss for target 845-850 in intraday.
mcx zinc jul expiry future last closed at 109.7 with gains of 65 paise.in intraday mcx zinc future made high at 110 while low was near 108.total almost 2 rupee range and closed with gains.here buy above 110.5 only for target 112+.
energy commodity forecast
mcx crude oil aug expiry future last closed at 6475 with gains of 170 rupees.in intraday mcx crude oil future made high near 6482 while low was near 6320.total 160 rupee+ intraday rally and crude at new high.here watch 6500 if close above it may show panic short covering rally upto 6800+.
mcx natural gas jul expiry future last closed at 228.6 with gains of 12 rupee+.in intraday mcx natural gas future made high at 229 while low was near 216.total 13 rupee move and fresh bullish breakout here.for tomorrow buy near 224 with stoploss and keep target at 236+.