free mcx tips for today technical’s report
mcx bullion outlook
mcx gold future last closing was 29445 with gains.yesterday mcx gold future made low near 29350 while high was near 29550.on intraday chart trend and momentum strong bullish and above 29380 support strategy remain buy on dips for intraday and expect 29550 to 29800 as intraday upside targets.those having longs must trail stoploss at 29380.
mcx silver future last closing was 54968 with gains.yesterday mcx silver future made lows near 54600 while high was near 55200.still trading in very narrow range but trend and momentum turned on bulls side.for tomorrow 54750 is support and above this follow buy on dips and expect 55200 to 55500 as target levels.
mcx base metals outlook
mcx aluminium future closed at 106.2 with gains.mcx aluminium yesterdays high was 106.2 and closed at it while low was near 104.on chart now in uptrend and for intraday above 105.5 follow buy on dips strategy and expect 107 and then 108.5 as upside targets.on intraday chart trend and momentum both still strong bullish.
mcx copper future closed at 428.3 with gains.mcx copper last high was 430 while low was 424.on intraday chart trend and momentum bullish for intraday and above 426 support traders can hold longs for target of 434 to 438.
mcx lead future closed at 120.5 with gains.mcx lead future last high was near 120.5 and low was near 118.5 and closed near highs.for today 119.7 is intraday support and above this follow buy on dips strategy and expect 122 to 122.5 as upside targets.
mcx nickel future today closed at 923.4 with gains.mcx nickel future last low was near 915 while high was near 925.here long term trend changing while for intraday supports are way down.above 914 follow buy on dips strategy and expect 935 to 941 as revised upside targets.momentum is bullish but indicators now near overbought zone so keep that in mind while buying current levels.
mcx energy outlook
mcx crude oil April future last closed at 5084 with gains.mcx crude oil future last high was near 5010 while low was neat 5040.on intraday chart strategy remain buy on correction only near 5060-5070 zone with stoploss below support of 5045 and expect 5125 to 5155 as intraday target levels.
mcx natural gas future last closed at 197.5 with loss.mcx natural gas last session high was near 200 while low was near 196.for tomorrow watch 196 below that expect correction turn in downtrend for intraday and may show 192-190 levels on sharp correction.above 196 will be fresh buying opportunity and revised upside targets expected at 202-205.intraday indicators are also near supports.