Premarket mcx commodities technical report and tips
Free mcx tips for bullion
mcx gold feb future trading at 30800 with loss.here as we suggested seen sharp downside from 31500 to now 30800 which is 700 or almost 2% drop.and this might continue tomorrow also with target price 30500.if prices drop below 30500 in 2012 may that is heavy correction coming for domestic and as well as comes gold.our given target of 1670 achieved now looking for 1645.below 1645 targets are 1580-1540.last hour action once again given fresh signal!!strong rupee may push gold prices more on downside?
mcx silver march future closed at 59616 with deep losses.here also our given and our system generated sell call near achievement of its 10% downside target!!watch for 59000 and slips below then most possibility of 57000??as both bullion oversold small bounces and expected and must be used for fresh selling.
Free mcx tips for base metals
mcx aluminium dec expiry future today closed at 112.8 with huge losses.here also as we suggested earlier aluminium prices topped out at 115 and here we may see correction upto supports of 108-109 so stay short for that.stoploss must be above 115.5.
mcx copper feb future today closed at 439.85 with losses.here expect correction to continue upto support levels of 434-436.here if for tomorrow 442-444 is new short accumulation zone with same downside target while stoploss must be above 448.5.
mcx lead dec expiry future today closed at 126.95 and with gains.here trend and momentum is strong and every rise rally is picking up due to much more shorts stilled very badly trapped here and we expect 132-135 in next week for now if maintain above 125.today closing also triggered fresh buy signal here!!
mcx nickel dec expiry future today closed at 969 with loss.here we seen lows near 955 which was support and from that point sharp short covering to cut some of intraday losses.here above 955 hold longs or buy neat 950-955 for targets 985+ with stoploss below 942.below 940 again expect 915 to 880 levels.
mcx zinc dec expiry future today closed at 112.35 with loss.here gap down opening and correction on profit booking made weakness and low near 112.if slips below 112 then going for deeper correction.
Free mcx tips for energy
mcx crude oil jan expiry future closed at day high at 4950 with huge gains.after gap down opening we seen sharp buying from investors but technically crude oil at upper range now and from here upside limited and lower side correction is expected.bad news and market weakness may hit here for deeper correction.4980 and above must use as contra short call.
mcx natural gas dec expiry future today closed at 183 with loss.and as given yesterday that was false breakout or trap for buyers which ultimately trapped long and now here we still expect 170-165 level till it does not cross 192+ zone.below 180 fall become intense!!