commodity forecast for 25 sep 2013 report
bullion commodity forecast
mcx gold future 29851 with loss of 23 rupees.in intraday mcx gold future made high near 29900 while low was near 29500.here below 29900 keep bearish view but if sustain above it then only think of buying for intraday.on upside 30400 will be first target.
mcx silver future last closed at 49188 with loss of 205 rupees.in intraday mcx silver future made high at 49500 while low was 48400.total 1100 rupee intraday range and closed in red.here 48k is last support on downside.below that 46k and then 42k will be downside targets.
metal commodity forecast
mcx aluminium future last closed at 110.65 with loss of 1 rupee.in intraday mcx aluminium future made high near 112 while low was near 110.total 2 rupee intraday range and closed in red on account of profit booking.here 110 is support to watch.
mcx copper future last closed at 459 with loss of 5 rupees.in intraday mcx copper future made high at 462 while low was at 456.total 8 rupee intraday range and closed in red.here on downside 448 is last support.
mcx lead future last closed at 128.55 with loss of 1.1 rupee.in intraday mcx lead future made high at 130 while low was near 128.total 2 rupee intraday range and closed at in red on account of profit booking.here 128 is support below that expect 4-6 rupee downfall.
mcx nickel future last closed at 862 with 11 rupee loss.in intraday mcx nickel future made high near 873 while low was near 858.total 15 rupee intraday range and closed in red.here watch 860 below that expect target 840 and below.
mcx zinc future last closed at 116.05 with loss of 80 paise.in intraday mcx zinc future made high at 117 while low was near 115.total 2 rupee intraday range and closed in red.here below 115 expect downfall upto 112.
energy commodity forecast
mcx crude oil future last closed at 6518 with loss of 17 rupees.in intraday mcx crude oil future made high at 6568 while low was near 6476.total 90 rupee intraday range and closed in red.here below 6625 keep sell on rise view for target 6400-6300 on downside.
mcx natural gas future last closed at 227 with loss of 6 rupees.in intraday mcx ng future made high at 235 while low was near 226.total 9 rupee intraday range and closed in red.here on downside expect 218-210 are target levels while on upside 230 is strong resistance.