commodity forecasts for 31 may 2013
free mcx gold silver tips
mcx gold jun expiry future last closed at 27184 with gains of almost 2%.in intraday mcx gold future made high at 27198 while low was 26555.total almost 700 rupee intraday volatility and strong bullish momentum as well as breakout+ short covering rally.weak rupee supporting and spurting gold prices here.for tomorrow buy near support 26950 with stoploss and expect 27300 to 27500 as intraday targets.above 28k gold trend will change on bull side.
mcx silver jul expiry future last closed at 44491 with gains of 1.79%.in intraday mcx silver future made high at 44925 while low was 43526.1500 points intraday rally from lows and heading towards resistance for breakout.here buy near 44200 with stoploss and expect 44900 to 45500 as intraday targets on upside.
free mcx aluminium-copper-lead-nickel-zinc tips
mcx aluminium jun expiry future last closed at 106.6 with gains over 2%.in intraday mcx aluminium future made high at 107 while low was 103.6.total 3+ rupee intraday move and strong breakout from short term view.for tomorrow buy near support 105.4 with stoploss and expect 106 to 107 levels as intraday targets.
mcx copper jun expiry future last closed at 414.7 with gains.in intraday mcx copper future made high at 416 while low was near 405.total 11 rupee intraday movement from bottom and bullish momentum.for tomorrow buy near support 412 with stoploss and expect 418 to 424 as intraday targets on upside.
mcx lead jun expiry future last closed at 112.85 with gains of 2%+.in intraday mcx lead future made high near 123 while low was near 119.total 4 rupee move and strong short covering momentum.here buy near support 121.3 with stoploss and expect 124-125 levels as intraday targets for lead future.
mcx nickel jun expiry future last closed at 840 with gains.in intraday mcx nickel future made high at 843 while low was near 830.total 13 rupee move and strong momentum on chart.here buy near support 838 with stoploss and in intraday expect 850-860 levels as targets for nickel future.
mcx zinc jun expiry future last closed at 107.25 with gains.in intraday mcx zinc future made high near 108 while low was near 104.total 4 rupee move and strong momentum on chart.for tomorrow buy near support 106.4 with stoploss and expect 108-109 levels as targets on upside.
free mcx crude oil-natural gas tips
mcx crude oil jun expiry future last closed at 5299 with gains.in intraday mcx crude oil future made high at 5320 while low was 5193.total 130 rupee intraday move and strong recovery from bottom.here for intraday buy near support 5260 and expect 5330-5355 levels as intraday targets on upside.
mcx natural gas jun expiry future last closed at 228 with loss.in intraday mcx natural gas future made high near 237 while low was near 228.here for tomorrow short near resistance 233 with stoploss and expect 224 to 221 levels as intraday targets.as in oversold state short side seems to be risky.