mcx commodity forecast for 25 November 2013

mcx commodity forecast for 25 November 2013

bullion commodity technical report

mcx gold future last closed at 29848 with loss.in intraday mcx gold future made high at 30320 while low was at 29812.total 500 rupee intraday range and closed with loss.here below 30200 keep short view for target 29600-29200.

mcx silver future last closed at 44547 with loss.in intraday mcx silver future made high at 45240 while low was at 44455.total 800 rupee intraday range and closed with loss.here on downside expect 43000 as target.

metal commodity technical report

mcx aluminium future last closed at 109.2 with loss.in intraday mcx aluminium future made high at 110.6 while low was at 109.15.total 1.5 rupee intraday range and closed with loss.here 108 will be ultimate target for this downside rally.

mcx copper future last closed at 444.05 with loss.in intraday mcx copper future made high at 446.35 while low was near 442.total 4.5 rupee intraday range and closed with loss.here below 448 expect downside to continue.

mcx lead future last closed at 130.95 with loss.in intraday mcx lead future made high at 132.25 while low was at 130.65.total almost 2 rupee intraday range and closed with loss.here expect downside upto 128.

mcx nickel future last closed at 844.7 with loss.in intraday mcx nickel future made high at 852 while low was near 842.9.total 10 rupee intraday range and closed with loss.here 840 is strong support below that expect sharp fall.

mcx zinc future last closed at 117.95 with loss.in intraday mcx zinc future made high at 118.75 while low was at 117.5.total 1+ rupee intraday range and closed with loss.here below 120 expect deep correction.

energy commodity technical report

mcx crude oil future last closed at 5992 with loss.in intraday mcx crude oil future made high at 6058 while low was at 5955.total 100 rupee intraday range and closed with loss.here expect downside upto 5800.

mcx natural gas future last closed at 235.9 with gains.in intraday mcx ng future made high at 237.4 while low was at 231.8.total 6 rupee intraday range and closed with gains.here below 240 expect a correction upto 232-228.

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