commodity forecast for 3 oct 2013
bullion commodity forecast
mcx gold future in last trading session closed at 29650 with loss of 775 rupees.in intraday mcx gold future made high near 30400 while low was near 29300.total 1100 rupee intraday range and closed with deep loss.here for tomorrow stay short below 29800 for target 29200-28900 in intraday.
mcx silver future last trading session closed at 48038 with loss of 1110 rupees.in intraday mcx silver future made high near 49325 while low was near 46866.total 2500 rupee intraday range and closed with loss.here below 48k expect downside upto 46k and then 42k in short term.
metal commodity forecast
mcx aluminium future last closed at 113.05 with loss of 1.55 rupees.in intraday mcx aluminium future made high near 114 while low was near 112.total almost 2 rupee intraday range and closed in red on profit booking.here watch 112.5 as major support.
mcx copper future last closed at 459.4 with loss of 7 rupees.in intraday mcx copper future made high near 465 while low was near 456.total 9 rupee intraday range and closed in red on profit booking.here below 460 keep selling view for target 448-440 on downside.
mcx lead future last closed at 129.05 with loss of almost 3 rupee.in intraday mcx lead future made high near 131 while low was near 128.total 3 rupee intraday range and closed in red.here below 130 expect 126-125 as downside targets.
mcx nickel future last closed at 868 with loss of 9 rupees.in intraday mcx nickel future made high near 878 while low was near 865.total 13 rupee intraday range and closed with loss.here below 875 keep downside target at 840 and below.
mcx zinc future last closed at 116.9 with almost 3 rupee loss.in intraday mcx zinc future made high at 120 while low was near 116.total 4 rupee intraday range and closed in red.here below 117.5 keep selling view for target 114-111 on downside.
energy commodity forecast
mcx crude oil future last closed at 6405 with loss of 35 rupees.in intraday mcx crude oil future made high near 6450 while low was near 6350.total almost 100 rupee intraday and closed with some recovery.here below 6480 keep sell on rise view for target 6300-6200 on downside.
mcx natural gas future last closed at 229 with gains of 5 rupees.in intraday mcx ng future made high near 230 while low was near 222.total 8 rupee intraday range and closed with gains.here above 224 keep long view for target 236-242 in short terms.