commodity forecast for 6 sep 2013

commodity forecast for 6 sep 2013

bullion commodity forecast

mcx gold oct expiry future last closed at 32211 with loss of 393 rupees.in intraday mcx gold future made high near 32800 while low was near 32k.total 800 rupee intraday range and closed with loss as rupee gains.here below 32500 may show deep correction upto 31400-31200 on downside.buying suggested above 32500 only for target 34k-35k.

mcx silver dec expiry future last closed at 54566 with loss of 424 rupees.in intraday mcx silver future made high near 55600 while low was near 54000.total 1600 rupee intraday volatility and closed in red on profit booking.here buy above 55k only for target 57-58k target below that correction may continue.

metal commodity forecast

mcx aluminium sep expiry future last closed at 118 with gains of 75 paise.in intraday mcx aluminium future made high near 118.65 while low was near 115.total 3 rupee + intraday rally from bottom and expect rally to continue upto 120-121.

mcx copper nov expiry future last closed at 483.15 with flat loss.in intraday mcx copper future made high near 487 while low was near 477.total 10 rupee intraday volatility and closed in red.here expect bounce back upto 490-495 on upside.

mcx lead sep expiry future last closed at 141.05 with flat loss.in intraday mcx lead future made high near 143 while low was near 139.total 4 rupee intraday range and closed in red.here expect some bounce back upto 143-144 levels.

mcx nickel sep expiry future last closed at 918.5 with gains of 8 rupees.in intraday mcx nickel future made high near 922 while low was near 899.total 23 rupee intraday range and closed with gains.here may extend gains upto 935-940 on upside on downside 9000 is support for now.

mcx zinc sep expiry future last closed at 123.45 with flat gains.here in intraday mcx zinc future made high near 124 while low was near 122.total 2 rupee range and closed with gains.here expect rally upto 125-126 on upside.

energy commodity forecast

mcx crude oil sep expiry future last closed at 7201 with gains of 74 rupees.in intraday mcx crude oil future made high near 7270 while low was near 7080.total almost 200 rupee intraday range and closed with gains.here expect rally to continue upto 7350-7400 levels on downside 7100 is now support on chart.

mcx natural gas sep expiry future last closed at 239.4 with loss of 5 rupees.in intraday mcx ng future made high near 248 while low was near 239.total 9 rupee intraday range and closed in red as profit booking hit.here below 238 may breaks down for target 230-242 so watch for it.

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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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