commodity forecast for 26 jun 2013
bullion commodity forecast
mcx gold aug expiry future last closed at 26539 with loss of 186 rupees.in intraday mcx gold future made high near 26800 while low was near 26500.total 300 rupee intraday range and profit booking continues from investors.here expect 26200 to 26k levels in intraday for today.on upside 26800-26900 remain major supply zone.
mcx silver jul expiry future last closed at 40620 with loss of 214 rupees.in intraday mcx silver future made high near 41100 while low was near 40300.total 800 rupee intraday range and continues downtrend.here for today below 41200 hold short on rise view for target 40k and then 39k.
metal commodity forecast
mcx aluminium jun expiry future last closed at 103.75 flat.in intraday mcx aluminium future made high near 105 while low was near 103.total 2 rupee intraday range and holding 103 support?for today sell below 103 for target 101-100 on downside.
mcx copper jun expiry future last closed at 403.3 with gains of 2.5 rupees.in intraday mcx copper future made low at 393 while high was near 407.total 14 rupee intraday range and technical bounce backs from support.here below 408 hold shorting view for same 398 and 394 target again.
mcx lead jun expiry future last closed at 122.15 with gains of 2.4 rupees.in intraday mcx lead future made high near 123 while low was near 118.total almost 5 rupee range and short covering seen here.here below 122.5 hold selling view for intraday targets of 120-119.
mcx nickel jun expiry future last closed at 826.2 with almost 10 rupees gains.here in intraday mcx nickel future made low near 805 while high was near 835.total 30 rupee intraday range and look like taken support.for tomorrow below 828 hold selling view for target 810 and below in intraday.
mcx zinc jun expiry future last closed at 108.3 with almost 1 rupee gain.in intraday mcx zinc future made high near 109 while low was near 106.total 3 rupee intraday range and taken support at 106.here below 110.5 remain sell on rise and on downside 106 and 014 remain as targets.
energy commodity forecast
mcx crude oil jul expiry future last closed at 5696 with loss of 6 rupees.in intraday mcx crude oil future made high near 5747 while low was near 5666.total almost 80 rupees intraday range and some correction after rally.here trend and momentum is bullish and above support of 5650 hold long view for targets 5800-5900.
mcx natural gas jul expiry future last closed at 221.8 with loss of 5 rupees.in intraday mcx natural gas future made high near 226 while low was near 221 and closed at it.total 5 rupee range and profit booking continues.here 218 is strong support if breaks then may show 200 level.if holds again 236 to 240 levels on upside so watch for that.