Commodity predictions for 2 may 2014

Commodity predictions for 3 may 2014

Commodity predictions for 2 may 2014

 

MCX GOLD June expiry future last closed at 28,607 with loss. In intraday mcx gold future’s high was at 28,825 while low was at 28,510. Total 300-rupee intraday range and closed with loss. Below 28,800 gold may slip up to 28,500 to 28,300.

MCX SILVER May expiry future last closed at 40,977 with loss. In intraday mcx silver future’s high was at 41,270 while low was at 40,514. Total almost 700-rupee intraday range and closed with loss. Watch 40k support if breaks expect target 38k and then 36k.

 

MCX ALUMINIUM May expiry future last closed at 106.5 with loss. In intraday mcx aluminium, future hit high at 107.05 while low was at 106. Total 1-rupee intraday range and closed with loss. Aluminium future below 108 remains sell on rise.

MCX COPPER Jun expiry future last closed at 407.35 with loss. In intraday mcx, copper future made high at 409 while low was at 405. Total 4-rupee intraday range and closed with loss. Below 410, keep sell on rise view.

MCX LEAD May expiry future last closed at 125.8 with loss. In intraday mcx lead future’s high was at 126.2 while low was at 125.25. Total 1-rupee intraday range and closed with loss. Below 127, keep sell on rise view for targets 123-122.

MCX NICKEL May expiry future last closed at 1108 with gain. In intraday mcx nickel future’s high was at 1108 while low was at 1092. Total 16-rupee intraday range and closed with gain. Showing reversal sign so above 1080 keep long view.

MCX ZINC May expiry future last closed at 122.45 with loss. In intraday mcx zinc, future hit high at 123 while low was at 121.85. Total 1-rupee intraday range and closed with loss. Zinc future below 123 remains sell.

 

 

MCX CRUDEOIL May expiry future last closed at 5993 with loss. In intraday mcx crude oil, future hit high at 6025 while low was at 5962. Total almost 90 rupee intraday and closed with loss. Traders below 6120 keep shorting view.

MCX NATURALGAS May expiry future last closed at 286.2 with loss. In intraday mcx natural gas, future made high at 291.9 while low was at 284. Total 7-rupee intraday range and closed with loss. Above 282, keep buy on dips view for targets 292-300 rupees.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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