commodity forecast for 27 aug 2013

commodity forecast for 27 aug 2013

 

bullion commodity forecast

mcx gold oct expiry future last closed at 31190 with gains of 154 rupees.in intraday mcx gold future made high near 32050 while low was near 31600.total 400 rupee intraday range and closed with gains.here trend and momentum is bullish and expect 32400 and 33k as target in short terms while 31400 remain as stoploss and support on downside.

mcx silver sep expiry future last closed at 53801 with gains of 328 rupees.in intraday mcx silver future made high near 54800 while low was near 53500.total almost 1300 rupee intraday range and closed with gains.here 54k is target and above it expect 56k and 58k as short to medium term targets.

metal commodity forecast

mcx aluminium aug expiry future last closed at 119.1 with loss of 25 paise.in intraday mcx aluminium future made high near 121 while low was near 117.total almost 4 rupee intraday range and closed flat.here above 118 hold long view for target 121-122.5 on upside.

mcx copper aug expiry future last closed at 474 with almost 1 rupee loss.in intraday mcx copper future made high near 480 while low was near 467.total 13 rupee intraday range and closed flat.here above 468 hold long view for target 480-484 on upside.

mcx lead aug expiry future last closed at 141.85 with loss of 45 paise.in intraday mcx lead future made high near 144 while low was near 140.almost 4 rupee intraday range and closed with flat loss.here also above 140.5 hold long view for target 143-144 on upside.

mcx nickel aug expiry future last closed at 930.5 with gains of 2 rupees.in intraday mcx nickel future made high near 943 while low was near 923.total 20 rupee move and closed flat positive.here above 910 hold buy on dips view for now for target 948-960 on upside.

mcx zinc aug expiry future last closed at 125.4 with gains of 15 paise.in intraday mcx zinc future made high near 127 while low was near 123.total almost 4 rupee range and closed with gains.here above 125 hold long view for target 127-128 in intraday.

energy commodity forecast

mcx crude oil sep expiry future last closed at 6873 with gains of 36 rupees.in intraday mcx crude oil future made high near 6910 while low was near 6830.total almost 80 rupee intraday range and closed with gains.here on middle east tension expect prices to soar at new high with sharp short covering rallies.7000-7200 is expected in short terms.

mcx natural gas sep expiry future last closed at 231.3 with gains of 3.3 rupees.in intraday mcx natural gas future made high near 233 while low was near 228.total 5 rupee intraday range and closed with gains.here above 228 hold long view for target 234-240 on upside.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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