free commodity tips for 20 aug 2013
bullion commodity forecast
mcx gold oct expiry future last closed at 31150 with gains of 310 rupees.in intraday mcx gold future made high near 31300 while low was near 30600.total almost 700 rupee intraday range and closed with gains.here trend and momentum strong bullish and target is at 31400 and then 32000 on upside.major support is 30400 and 30k on downside.
mcx silver sep expiry future last closed at 51200 with gains of 530 rupees.in intraday mcx silver future made high near 51500 while low was near 50200.total almost 1300 rupee intraday range and closed with gains.here above 50k keep target at 52500 and then 54000 on upside.below 50k expect correction and consolidation.
metal commodity forecast
mcx aluminium aug expiry future last closed at 119.6 with loss of 1 rupee.in intraday mcx aluminium future made high near 121 while low was near 119.total almost 2 rupee range and closed with loss.here below 121 expect correction upto 118-117 levels in intraday.
mcx copper aug expiry future last closed at 468 with gains of 1 rupee.here in intraday mcx copper future made high near 471 while low was near 461.total 10 rupee intraday range and closed with gains.here also expect some correction upto 460 levels.
mcx lead aug expiry future last closed at 143 with gains of 1.15 rupees.in intraday mcx lead future made high near 143 while low was near 139.total 4 rupee intraday range and closed with gains.here below 145 expect a correction rally upto 140-138 on downside.
mcx nickel aug expiry future last closed at 940.5 with almost 5 rupee gains.in intraday mcx nickel future made high near 948 while low was near 923.total 25 rupee intraday rally and closed with gains.here above 925 hold long view for target 960-980 on upside.
mcx zinc aug expiry future last closed at 124.85 with 5 paise gains.in intraday mcx zinc future made high near 126 while low was near 122.total 4 rupee intraday range and closed flat.here below 127 expect correction rally upto 120 levels.
energy commodity forecast
mcx crude oil sep expiry future last closed at 6827 with gains of 65 rupees.in intraday mcx crude oil future made high near 6870 while low was near 6700.total 170 rupee intraday range and closed with gains.here volatility remain high and expect target of 7000+ if hold 6750 support level.
mcx natural gas aug expiry future last closed at 220.9 with gains of 9 rupees.in intraday mcx ng future made high near 223 while low was near 213.total 10 rupee intraday range and closed with gains.here expect targets of 230 and above if hold support of 214.