free mcx tips technical’s report
mcx bullion outlook
mcx gold future today closed at 29320 with loss.today with sharp and huge gap up opening mcx gold made high near 29450 while low was 29300 and closed near it.on chart mcx gold future intraday trend and momentum both bearish and below 29350 expect 29270 and then 29150 as intraday targets as well as supports.
mcx silver future today closed at 54603 with loss.today mcx silver future made highs near 55000 while low was near 54400.on intraday chart still going though consolation but overall trend and momentum remain bear side. below 54800 one can stay short and expect 54200 to 53800 as targets as well as intraday supports.
mcx base metals outlook
mcx aluminium future today closed at 104.9 with heavy losses.here we seen low near 104 while high was near 106.after sharp fall some recovery but below 105.3 traders can hold shorts and expect 104-103 levels in intraday.above 105.3 upside resistances are 105.8 and 106.5.
mcx copper future today closed at 425.55 with flat loss.today mcx copper future with gap up opening hit highs near 427 but sharp selling rally in base metals hit copper and made low near 421.on chart trend and momentum seems to bullish and above 424 stay long.on upside 430-434 will be intraday targets.
mcx lead future today closed at 119.15 with loss.today mcx lead future made high near 120.5 while low was near 118.heavy volatility and panic profit booking.for tomorrow below 119.5 hold shorts and expect 117-118 as targets as well as supports.
mcx nickel future today closed at 916 with gains.today mcx nickel future made low near 902 while high was near 917 and closed near it.on intraday chart trend looks strong bullish and strategy remain buy near supports 910-914.on upside expect 923 to 935 as revised upside targets.
mcx zinc future today closed at 106 with loss.today mcx zinc future made high near 107.5 while low was 104.5.heavy volatility and panic profit booking.for tomorrow below 106.5 hold shorts and expect 105-104 as downside targets as well as supports.look like zinc heading towards 100-101 levels which is fair value.
mcx energy outlook
mcx crude oil apr future today closed at 5033 with loss.today mcx crude oil future made highs near 5060 while low was near 5010.still range bound and showing volatile intraday moves.for tomorrow below 5040 stay short and expect 5010 to 4980 as intraday targets.on upside above 5040 change trade on long side and expect 5080 and 5150 as upside revised targets.
mcx natural gas future today closed at 198.1 with gains.today mcx natural gas future made high near 199 while low was near 196.on intraday chart going through consolidation phase and above 197 hold long view and expect 202-205 as intraday targets.