Premarket mcx commodities technical report and tips
Free mcx tips for bullion
mcx gold feb expiry future today closed at 30792 with loss.today gold future with gap up opening hit highs near 31000 but that was high point and then after whole day remain under pressure.today gold future hit low of 30770 and closed near it.for tomorrow below 30855 stay short for targets of 30700 to 30550.strong rupee and tumbling comex gold prices remain pressure factors here.
mcx silver march expiry future today closed at 58010 with loss.today after gap up opening silver future hit high near 58550 and then after profit booking made pressure whole day and given low near 57800.for tomorrow below 58200 stay short for targets of 57800 to 57400.
Free mcx tips for base metals
mcx aluminium jan expiry future closed at 113.1 with gains.today aluminium future after flat opening given dip upto 112 and then short covering set rally upto 114.6 high.for tomorrow watch 112.9 and above this stay long for 114-114.5 again.
mcx copper feb expiry future closed at 447 with loss.today copper hit highs near 451 and lows near 447 and closed near low suggest breakdown.now below 450 stay short for target of 445-442.in medium term 435 can be expected if trade below 450 for long time.
mcx lead jan expiry future closed at 127.05 with gains.today lead future hit highs near 128.5 while day low point was 126.7.for tomorrow below 127.2 momentum and trend looks bearish so watch for that if trade above 127.2 then expect 130+ again!!
mcx nickel jan expiry future today closed at 963 with gains.today nickel future hit low near 951 with opening while high was near 965.total 14 rupee move with strong bullish momentum.here above 957 maintain long view for big upside targets.
mcx zinc jan expiry future today closed at 110.05 with loss.today after positive opening we seen highs near 111.75 but later half profit booking takes zinc prices to day lows.for tomorrow below 112.1 maintain short view and expect 109-108 on downside.
Free mcx tips for energy
mcx crude oil jan expiry future today closed at 5106 with loss.today after gap down opening crude given swing upto 5132 while day low was near 5092.for tomorrow 5080 is last support if opens or slips below that then expect 5050 to 4980 in next 1-2 sessions.
mcx natural gas jan expiry future today closed at 170.8 with huge losses.as expected achieved our 170 target and now watch for 165 which is last support if slips below this then in longer term 110 or even below 100 levels possible again.for intraday 173 is now strong resistance and below that 165 to163 expected targets.natural gas price now testing longer term averages if breaks them on monthly closing basis then lottery rally on downside!!