Commodity outlook 12 November 2013
bullion commodity technical report
mcx gold future last closed at 30108 with gains of 403 rupees.in intraday mcx gold future made high at 30499 while low was at 29727.total almost 800 rupee intraday range and closed with gains.here below 30800 keep sell on rise view for downside targets.
mcx silver future last closed at 48362 with gains of 218 rupees.in intraday mcx silver future made high at 48573 while low was at 48137.total 500 rupee intraday range and closed with gains.here below 48800 keep sell on rise view for downside targets.
metal commodity technical report
mcx aluminium future last closed at 113.15 with loss of 45 paise.in intraday mcx aluminium future made high at 113.85 while low was near 113.total 85 paise intraday range and closed in red.here keep long view for big upside targets.
mcx copper future last closed at 458.9 with gains of 1.9 rupees.in intraday mcx copper future made high at 460.15 while low was at 456.6.total 4 rupee intraday range and closed with gains.here expect 468 on upside.
mcx lead future last closed at 134.8 with gains of 60 paise.in intraday mcx lead future made high at 135.65 while low was at 134.4.total 1.15 rupee intraday range and closed with loss.here expect 137-138 levels on upside.
mcx nickel future last closed at 878.1 with loss of 4.7 rupees.in intraday mcx nickel future made high at 890 while low was at 876.total 14 rupee intraday range and closed with loss.here watch 880 as breakout level.
mcx zinc future last closed at 119.6 with loss of 30 paise.in intraday mcx zinc future made high at 120.15 while low was at 119.05.total 1.1 rupee intraday range and closed with loss.still expect 122+ levels on upside.
energy commodity technical report
mcx crude oil future last closed at 6047 with gains of 54 rupees.in intraday mcx crude oil future made high at 6073 while low was at 5993.total 80 rupee intraday range and closed with gains.here expect upside upto 6100 levels.
mcx natural gas future last closed at 227 with loss of 10 paise.in intraday mcx ng future made high at 229.5 while low was at 226.3.total 3 rupee intraday range and closed with loss.here expect higher levels upto 232-235.