commodity forecast for 19 june 2013
bullion commodity forecast
mcx gold aug expiry future last closed at 27960 with gains of 91 rupees.in intraday mcx gold future made high near 28100 while low was near 27900.total 200 rupee intraday range and gains as rupee tumbled.here rupee and comex gold moves remain complex pairing but above 28k hold long view for short to medium terms.
mcx silver jul expiry future last closed at 44024 with gains of 457 rupee.in intraday mcx silver future made low near 43600 while high was near 44200.total 800 rupee range and gains as rupee tumbled.here above 43800 old long view for intraday and expect 44500 to 45k as target levels.
metal commodity forecast
mcx aluminium jun expiry future last closed at 106.45 with gains of 1 rupee.in intraday mcx aluminium future made high near 107 while low was near 105.around 2 rupee move and bounce back.for tomorrow buy near support 105.5 with stoploss and expect 107-108 levels in intraday.
mcx copper jun expiry future last closed at 410 with almost 1 rupee gains.in intraday mcx copper future made low near 408 while high was near 413.total 5 rupee range and holding support.here buy near support 408 with stoploss and expect 414 to 416 levels in intraday.
mcx lead jun expiry future last closed at 123.75 with gains of almost 2 rupees.in intraday mcx lead future made high near 124 while low was near 122.total 2 rupee move and reversal?here buy near support 122.5 with stoploss and expect 124-125 levels as targets in intraday.
mcx nickel jun expiry future last closed at 832 with gains of 9 rupees.in intraday mcx nickel future made low near 821 while high was near 835.total 14 rupee intraday range and reversal signs on chart?here buy near support 828 with stoploss and expect 840-850 levels as targets in intraday.
mcx zinc jun expiry future last closed at 107.85 with gains of almost 2 rupee.in intraday mcx zinc future made high near 108 while low was near 107.total 1 rupee range and reversal signs?for tomorrow buy near support 107 with stoploss and expect 109-109.5 in intraday.
energy commodity forecast
mcx crude oil jul expiry future last closed at 5818 with gains of 106 rupees.in intraday mcx crude oil future made high near 5825 while low was near 5722.total 100+ rupee intraday range and trading at fresh highs as rupee at bottom.here buy near support 5750 with stoploss and expect 5900 and above as targets.
mcx natural gas jun expiry future last closed at 228.7 with gains of almost 4 rupees.in intraday mcx crude oil future made high near 233 while low was near 226.total 7 rupee range and trending strong as expected.buy near support 226 with stoploss and expect 234-238 in intraday targets.