Commodity outlook 13 November 2013
bullion commodity technical report
mcx gold future last closed at 30387 with gains of 244 rupees.in intraday mcx gold future made high at 30445 while low was at 30021.total 400 rupee intraday range and closed with gains.here below 30800 keep sell on rise view.
mcx silver future last closed at 47773 with loss of 600 rupees.in intraday mcx silver future made high at 48489 while low was at 47659.total 800+ rupee intraday range and closed with loss.here keep target at 47-46k.
metal commodity technical report
mcx aluminium future last closed at 113.7 with gains of 50 paise.in intraday mcx aluminium future made high at 113.75 while low was at 112.8.total 1 rupee intraday range and closed with gains.here expect higher levels upto 115+.
mcx copper future last closed at 459.1 with 10 paise gains.in intraday mcx copper future made high at 459.25 while low was at 456.7.total 3 rupee intraday range and closed with gains.here expect high levels upto 468.
mcx lead future last closed at 134.75 flat.in intraday mcx lead future made high at 134.85 while low was at 133.7.total 1.15 rupee intraday range and closed flat.here traders must keep target around 138.
mcx nickel future last closed at 877.1 with loss of 1.2 rupee.in intraday mcx nickel future made high at 881.5 while low was at 872.2.total 9 rupee intraday range and closed with loss.here buy above 880 levels only.
mcx zinc future last closed at 119.8 with gains of 15 paise.in intraday mcx zinc future made high at 119.85 while low was at 118.95.total 90 paise intraday range and closed with gains.here expect 122 as next target.
energy commodity technical report
mcx crude oil future last closed at 6034 with loss of 10 rupees.in intraday mcx crude oil future made high at 6094 while low was at 6031.total 65 rupee intraday range and closed with loss.here expect much downside in upcoming sessions.
mcx natural gas future last closed at 234.6 with gains of 7.5 rupees.in intraday mcx ng future made high at 235 while low was at 227.4.total 8 rupee intraday range and closed with gains.here expect 242 level as next target.