Premarket mcx commodities technical report and tips
Free mcx tips for bullion
mcx gold dec future today closed at 31580 with 1% loss percentage wise.as rupee triggered buy we seen sharp fall in bullion prices.on intraday gold going though consolidation phase after sharp fall.now major mcx gold top is 32470.for tomorrow 32540 and 32450 are supports.indicators showing signs of buying so stay long for bounce back.
mcx silver dec future today after gap down opening hit low near 62400.in last closed at 63010 with flat losses.on hourly chart given buy signal at 62500 and still holding it.for tomorrow 63600 and 64200 are resistance levels.last bottom of 61980 remain major break level.stronger rupee may make pressure here.
Free mcx tips for base metals
mcx aluminium dec future closed at 112.55 with gains of almost 1.5%.on hourly chart seems to in bullish run but now indicators entered in overbought zone.from here upside is limited while downside looks wide open.rupee factors also may play role here in near future.for intraday 111.9 is major support.
mcx copper feb future today closed at 439.55 with gains.here today top of 441 is major breakout level while on downside 438 and 435 are support levels.closing below 435 may result on downtrend.
mcx lead dec future today closed at 121.55 with loss.on chart look like going through consolidation after big run.upper range is 123 while lower is 121.likely to break on downside.intraday shorts suggested below 120.8 only.
mcx nickel dec future today closed with loss of 1% at 939.5.on chart 951 is double top and nickel broker bottom of 942 so expect downside drift to continue on tomorrow.below 931 go short for big downside target.
mcx zinc dec future today closed at 110.75 with 0.5% gains.on chart zinc dec future made double top at 110.9 and below that stay short with stoploss and expect downside rally and correction targets.109.3 and 108.4 are intraday supports.
Free mcx tips for energy
mcx crude oil dec future closed at 4840 with half percent gains.on chart looks bearish as forming lower tops and bottom.stronger rupee will push prices on downside as trading with high premiums.below 4790 selling will become sharp.4750 and 4700 are intraday targets while reversal expected above 4870 only.
mcx natural gas dec future closed at 202.1 with almost 4% loss.here as we already given correction is reached its bottom.all intraday indicators are widely oversold and any time short covering going to trigger.so follow buy on dips strategy 207 and 213 are technical targets.below 198 become very bearish.