commodity forecast for 24 sep 2013
bullion commodity forecast
mcx gold future last closed at 29858 with 54 rupees.in intraday mcx gold future made high at 29918 while low was near 29540.total almost 400 rupee intraday range and closed in red.here below 29900 hold sell on rise view for target 29500-29k on downside.
mcx silver future last closed at 49328 with gains of 22 rupees.in intraday mcx silver future made high near 49400 while low was near 48400.total 1000 rupee intraday range and closed flat.here below 48.5k is last support on chart.
metal commodity forecast
mcx aluminium future last closed at 111.65 with gains of 1.2 rupees.in intraday mcx aluminium future made high near 112 while low was near 109.total almost 3 rupee intraday range and closed with gains.here expect 112 to 113 levels on upside while 109 is major support on chart.
mcx copper future last closed at 463.95 with loss of 2 rupees.in intraday mcx copper future made high near 465 while low was near 458.total 7 rupee intraday range and closed with loss.here above 448 keep buy on dips view for target 480-490 on upside.
mcx lead future last closed at 129.75 with gains.in intraday mcx lead future made high near 130 while low was near 128.total 2 rupee intraday range and closed with gains.here expect rally upto 132-135 on upside on downside 128 remain major support.
mcx nickel future last closed at 873 with loss of 3 rupees.in intraday mcx nickel future made high near 877 while low was near 863.total 14 rupee intraday range and closed negative.here above 860 expect 890-900 rupee as target.
mcx zinc future last closed at 116.8 with gains of 1.5 rupees.in intraday mcx zinc future made high near 117 while low was near 114.almost 3 rupee intraday range and closed with gains.here expect 120-122 levels as target on upside while 115 is major support.
energy commodity forecast
mcx crude oil future last closed at 6335 with loss of 102 rupees.in intraday mcx crude oil future made high near 6644 while low was near 6504.total almost 150 rupee intraday range and short selling continues.here on downside expect next target at 6300.
mcx natural gas future last closed at 226.7 with loss of 5 rupees.in intraday mcx ng future made high near 231 while low was near 225.total 6 rupee intraday range and closed with loss.here below 230 keep target at 220 and below.