free commodity tips for 19 December 2014
Mcx gold future last closed at 26801 with loss. In intraday gold hit high at 27263 while low was at 26732. Total 500-rupee intraday range and closed with loss. Here 26800 is strong support and 27100 is strong resistance. Expect breakdown on strong rupee.
Mcx silver future last closed at 36546 with loss of 185 rupees. In intraday mcx, silver future made high at 37250 while low was at 36449. Total 750-rupee intraday range and closed with loss. Here expect downside up to 35,500.
Mcx aluminium future is last closed at 119.2 with loss. In intraday aluminium future hit high around 121 while low was below 118.7. For intraday shat short with stop loss 120.5.
Mcx copper future last closed at 402.3 with loss. In intraday copper future made high at 407 while low was at 401. Total 6-rupee range and closed with loss. For the day 408 is strong resistance and on downside, 398 and 394 are support zones. Expect support testing in upcoming trading sessions.
Mcx lead future last closed at 116.5 with loss. In intraday mcx, lead future made high around 119 while low was near 116. Total 3-rupee range and closed with loss. Here stay short with stop loss above 117.5 for the day.
Mcx nickel future last closed at 983 with loss. Nickel future in intraday-recorded high around 992 while low was around 961. Total 31-rupee intraday range and closed with loss. Here 980 is strong support and above it keeps long view for short terms.
Mcx zinc future last closed at 133.7 with loss. In intraday zinc, future made high around 135 while low was near 133. Total almost 2-rupee range and closed with loss. Here 135 is strong resistance for now.
Mcx crude oil future last closed at 3585 with loss. In intraday crude future made high around 3764 while low was at 3522. Total 150-rupee intraday range was seen and closed with loss. Here below 3600 expect deep downside up to 3400 to 3200 in medium to long-term view.
Mcx natural gas future last closed at 230.7 with loss. In intraday ng future hit high around 240 while low was around 230. Total 10-rupee intraday range was seen and downtrend continues. Here 218-219 is previous bottom support and possible short-term target.