Premarket mcx commodities technical report and tips
Free mcx tips for bullion
mcx gold feb future today closed at 31200 with losses.today mcx gold feb future hit high near 31450 and low near 31140.as we given yesterday gold is sell mode and our given intraday target achieved.but now time to accumulate and expect reversal from here.this is buying opportunity with strict stoploss on downside.accumulate in mini and micro contracts to encash volatility.
mcx silver march future today closed at 62208 with loss.for tomorrow 62650 is new entry level for targets of 61800 to 61000.if closed above 62800 then exit shorts and enter long for again 63-64k levels.technical bounce back is due here so traders must watch for that.
Free mcx tips for base metals
mcx aluminium dec future closed at 114 flat.today we seen lows near 113.25.on chart looks like topped out.below 115 hold shorts for downside targets of 112.5 to 110.
mcx copper future today closed at 446.65 with gains here copper taken support at 444 and inching up.fresh buying done above 447.5 only till one can hold shorts.441 is downside target on correction.
mcx lead dec future closed at 121.8 with loss.as we given already here down trend started and so we seen today low of 121.below 122.2 stay short and expect 121-120 again.
mcx nickel dec future today closed at 957.5 with loss.trend is up but showing signs of correction.on downside expect correction upto 948.below 948 nest level will be 937.968 is top and remain strong resistance for short term.
mcx zinc dec future today closed at 110.05 with loss.here trend is down and below 109 we may see sharp sell off rally upto 106.o upside 110.9 and 111.5 remain strong supply zones.
Free mcx tips for energy
mcx crude oil dec future today closed at 4820 with loss.here as we given earlier also accumulate shorts with strict stoploss.we will see 4700-4600 in next 1-2 weeks time frame.here big shorts are getting accumulated and nymex crude also at downside breakout point.
mcx natural gas dec future today closed at 202.today we seen low near 192 and high at 202.this is natural gas prices volatility.on both side our paid call minted money for subscribers!!now above 204 will trend reversal on upside and expect 210-214 again.buying done above 204 only on closing basis.