Commodity report 31 October
bullion commodity technical report
mcx gold future last closed at 30231 with gains of 85 rupees.in intraday mcx gold future made high at 30450 while low was at 29976.total almost 500 rupee intraday range and closed with gains.here watch for breakout above 30400.
mcx silver future last closed at 50131 with gains of 686 rupee gains.in intraday mcx silver future made high at 50391 while low was 49334.total 1000 rupee intraday range and closed with gains.here expect 50800-51500 as next target levels.
metal commodity technical report
mcx aluminium future last closed at 113.2 with gains of 40 paise.in intraday mcx aluminium future made high at 113.75 while low was at 113.narrow range of 75 paise and closed with gains.here keep target at 115+.
mcx copper future last closed at 450.45 with gains of 3 rupees.in intraday mcx copper future made high at 452.2 while low was near 449.total 3.2 rupee intraday range and closed with gains.here keep target at 454-458.
mcx lead future last closed at 134.2 with gains of 45 paise.in intraday mcx lead future made high at 134.7 while low was at 133.85.total 85 paise intraday range and closed with gains.here expect 135.5 and then 138 as upside target levels.
mcx nickel future last closed at 896.1 with gains of 4 rupees.in intraday mcx nickel future made high at 901 while low was at 891.total 10 rupee intraday range and closed with gains.here above 880 keep buy on dips view.
mcx zinc future last closed at 118.85 with gains of 30 paise.in intraday mcx zinc future made high at 119.35 while low was at 118.65.total 70 paise intraday range and closed with gains.here expect target at 120-121.
energy commodity technical report
mcx crude oil future last closed at 5942 with loss of 115 rupees.in intraday mcx crude oil future made high at 6051 while low was at 5941.total 110 rupee intraday range and closed with heavy losses.here 5900 is strong support and watch for that.
mcx natural gas future last closed at 223.2 with loss of 1 rupee.in intraday mcx ng future made high at 225.9 while low was at 222.2.total 4 rupee intraday range and closed with loss.here below 228 keep short view.