commodity forecast for 19 sep 2013
bullion commodity forecast
mcx gold future last closed at 30036 with gains of 1%.in intraday mcx gold future made low near 29300 while high was near 30100.total 800 rupee intraday range and closed with gains.here for now keep long view with stoploss 29800 for target 30500-31000.
mcx silver future last closed at 49710 with gains of 309 rupees.in intraday mcx silver future made high near 49900 while low was near 48500.total 1400 rupee intraday range.here above 48k keep long view for target 52k-53k.
metal commodity forecast
mcx aluminium future last closed at 111.45 with gains of 1.45 rupees.in intraday mcx aluminium future made high near 112 while low was near 110.total 2 rupee intraday range and closed with gains.here now keep long view for target 114-115 on upside.
mcx copper future last closed at 468 with gains of 12 rupees.in intraday mcx copper future made high near 470 while low was near 455.total 15 rupee intraday rally and closed with gains.here above 468 keep long view for target 490-500 on upside.
mcx lead future last closed at 132.05 with gains of 3.55 rupees.in intraday mcx lead future made high near 133 while low was near 128.total 5 rupee intraday range and closed with gains.here keep long view for target 135.5-139 on upside.
mcx nickel future last closed at 885.1 with gains of 14 rupees.in intraday mcx nickel future made high near 893 while low was near 878.total 15 rupee intraday range and given reversal.here now traders can expect 920-950 levels as target 880 remain as support.
mcx zinc future last closed at 117.9 with gains of 1.75 rupees.in intraday mcx zinc future made high near 118 while low was near 115.total 3 rupee intraday range and closed with gains.here above 117 keep long view for target 121-122.
energy commodity forecast
mcx crude oil future last closed at 6817 with gains of 151 rupees.in intraday mcx crude oil future made high near 6875 while low was near 6666.total almost 200 rupee+ range and closed with heavy gains as short covering triggers.here keep target at 7000+ with stoploss.
mcx natural gas future last closed at 236 flat negative.in intraday mcx natural gas future made high near 238 while low was near 233.total 5 rupee intraday range and closed with gains.here below 240 stay short for target 230-225 in intraday.