commodity future analysis 15th oct 2013
mcx bullion commodity forecast
mcx gold future last closed at 28793 with gains of 428 rupees.in intraday mcx gold future made high at 29100 while low was near 28300.total almost 800 rupee intraday range and closed with gains.here above 28800 expect upside upto 29500-30k in intraday.
mcx silver future last closed at 47380 with gains of 489 rupee.in intraday mcx silver future made high at 47986 while low was at 46654.total 1300 rupee intraday range and closed with gains.here above 47k keep long view for intraday for target 48k and above.
mcx metal commodity forecast
mcx aluminium future last closed at 113.4 with gains of 10 paise.in intraday mcx aluminium future made high at 113.9 while low was at 112.55.total 1.5 rupee intraday range and closed flat.for intraday stay long with stoploss 112.5 for target 114-115.
mcx copper future last closed at 452.3 with gains of 6.5 rupee.in intraday mcx copper future made high at 453 while low was at 444.total 7 rupee intraday range and closed with gains.for intraday stay long with stoploss 448 and expect 460+.
mcx lead future last closed at 130.55 with gains of 2.65 rupee.in intraday mcx lead future made high at 130.75 while low was 127.4.total 3.3 rupee intraday range and closed with gains.here expect 131-132 levels on upside.
mcx nickel future last closed at 861.5 with gains of 10.6 rupee.in intraday mcx nickel future made high at 866 while low was at 846.total 20 rupee intraday range and closed with gains.here stay long with stoploss 850 for target 880-890.
mcx zinc future last closed at 117.4 with gains of 1.8 rupee.in intraday mcx zinc future made high at 117.65 while low was at 115.4.total 2.2 rupee intraday range and closed with gains.here expect 119-120 as upside targets with stoploss 116.
mcx energy commodity forecast
mcx crude oil future last closed at 6284 with gains of 77 rupee.in intraday mcx crude oil future made high at 6342 while low was 6206.total 140 rupee intraday range and closed with gains.here below 6400 keep sell on rise view for downside target 6200-6100.
mcx natural gas future last closed at 235.4 with gains of 4.4 rupees.in intraday mcx natural gas future made high at 236.5 while low was a 231.8.total 5 rupee intraday range and closed with gains.expect 238-244 on upside and now 232 is trailing stoploss.