commodity forecast for 20 june 2013
bullion commodity forecast
mcx gold aug future last closed at 28028 with gains of 61 rupees.in intraday mcx gold future made high near 28100 while low was near 27800.total almost 300 rupee range and gold is in pause mode before fed decision.for tomorrow outlook remain bullish and expect 28200 to 28400 as targets on buying as well as weak rupee.
mcx silver jul expiry future last closed at 44020 with loss of 21 rupee.in intraday mcx silver future made high near 44100 while low was near 43600.total 500 rupee intraday range and some profit booking here.for tomorrow buy near support 43800 with stoploss and expect 44500-44800 as targets in intraday.
metal commodity forecast
mcx aluminium jun expiry future last closed at 105.65 with loss of 85 paise.in intraday mcx aluminium future made high near 107 while low was near 105.total 2 rupee range and profit booking here.for tomorrow sell below 105 with stoploss and expect 103 as target on downside.
mcx copper jun expiry future last closed at 408.65 with loss of 1.45 rupees.in intraday mcx copper future made high near 412 while low was near 406.total 6 rupee intraday range and profit booking ahead of fed decision.for tomorrow sell below 408 with stoploss and expect 400-398 as target zone.
mcx lead jun expiry future last closed at 121.3 with loss over 2 rupee.in intraday mcx lead future made high near 124 while low was near 121.total almost 4 rupee range and profit booking.here sell near 122.5 resistance with stoploss and expect 120-119 levels on downside.
mcx nickel jun expiry future last closed at 834.4 with gains of 2 rupees.in intraday mcx nickel future made high near 837 while low was near 824.total 13 rupee intraday range and some outperformance here.for tomorrow buy near support 828 with stoploss and expect 840-850 as target levels in intraday.
mcx zinc jun expiry future last closed at 107.7 with loss of 15 paise.in intraday mcx zinc future made high near 108 while low was near 107.total 1 rupee range and profit booking as metal pack going through same.here sell near 108 with stoploss and expect 105 to 103 as target levels.
energy commodity forecast
mcx crude oil jul expiry future last closed at 5814 with gains of 1 rupee.in intraday mcx crude oil future made high near 5860 while low was near 5880.total almost 80 rupee range and still holding uptrend.here buy near support 5760 with stoploss and expect 5850 to 5900 levels as targets.
mcx natural gas jun expiry future last closed at 233.7 with gains of 5 rupee+.in intraday mcx natural gas future made high near 234 while low was near 229.total 5 rupee range and continues strong rally.here buy near support 228 with stoploss and expect 238+ level as target on upside.