commodity forecasts for 29 may 2013
free mcx gold silver tips
mcx gold june expiry future last closed at 26417 with loss.today shown high volatile moves and made high at 26826 while intraday low was at 26202.total 600+ rupee intraday movement and bullish trend for gold.for tomorrow above 26400 hold long view and expect 26700-26800 as upside intraday targets.
mcx silver jul expiry future last closed at 43219 with almost 1% drop.in intraday mcx silver future made high near 43900 while low was near 42900.1000 rupees intraday volatility in future and now closed in bearish territory.below 43400 hold sell view for target 42900 and then 42500 on downside.
free mcx aluminium-copper-lead-nickel-zinc tips
mcx aluminium may expiry future last closed at 101.9 with gains.in intraday mcx aluminium future made low at 100.8 while high was 184.108.40.206 rupee intraday move and bullish trend for now.here above 101.6 hold long view and expect 102.5 to 103 levels as intraday targets.
mcx copper jun expiry future last closed at 411.7 with gains over 1%.in intraday mcx copper future made high near 414 while low was near 404.total 10 rupee move and bullish trend on intraday chart.above 410 hold long view for target 416-418 in intraday.
mcx lead may expiry future last closed at 18.8 with gains of almost 3%.in intraday mcx lead future made high at 119 while low was near 114.total 5 rupee move and sharp breakout here.for tomorrow above 117.3 levels hold long view and expect targets near 120-121 in intraday.
mcx nickel may expiry future last closed at 831.2 with gains over 1%.in intraday mcx nickel future made high at 833 while low was near 817.total 16 rupee intraday move and uptrend on chart.here above 826 level hold long view and expect 840-850 levels as intraday targets.
mcx zinc may expiry future last closed at 103.05 with gains.in intraday mcx zinc future made high near 103.4 while low was 101.45.total 2 rupee move and strong trend reversal on chart with volume.here above 102 levels for now hold long view and expect 104 and then 105.5 as upside intraday targets.
free mcx crude oil-natural gas tips
mcx crude oil june expiry future last closed at 5358 with gains over 2%+.in intraday mcx crude oil future made high at 5378 while low was 5223.total 150+ rupee intraday move and strong demand in market.here major support on chart now at 5310 so above it hold buy on correction view for targets 5400-5450.
mcx natural gas june expiry future last closed at 237.4 with gains.in intraday mcx ng future made high at 241.5 while low was near 234.total 7+ rupee intraday move and profit booking in natural gas future.here below 235 hold correction view and on downside may show 232 to 228 levels.