Premarket mcx commodities technical report and tips
Free mcx tips for bullion
mcx gold feb future today closed at 31339 with gains.after gap down opening near 311150 and turned back as rupee lost strength and comex gold remains flat.today gold closed near high and if rupee weakness continues then we may see 31450 to 31550 on charts.intraday trend now up.
mcx silver march expiry future today closed at 61505.today silver future with gap down opening hit low near 61200 and had high near 61800.on chart still bearish and still hoping for 59800 to 59000 level on chart.
Free mcx tips for base metals
mcx aluminium dec expiry future today closed at 114.55 with loss.after gap up opening we seen highs near 115.45 and sharp selling after that made low of 113.8.on chart trend is near to break down and expect lower level as we given already.
mcx copper feb future closed at 446.85 flat.today gap opening all metals and then profit booking all over seen same.here below 450 look bearish and expecting fall here upto 440-434 now.buying side recommended above 450 only!!very choppy and range bound for now.
mcx lead dec future closed at 125.75 with huge gains.after gap up opening lead fall down and which we taken advantage and made some profit for clients.but as we given in weekly analysis here 103-135 looks possible targets and now trail stoploss at 122.
mcx nickel dec expiry future closed at 966 with loss.here today shown highs near 976 and lows near 964 and closed near lows.watch 959 if breaks trend will start on downside and cycle of lower tops and bottom starts.
mcx zinc future closed at 113.1with gains.here also gap up opening and high near 113.4 while profit booking wave and hit low of 112.15.on chart trend bullish and above 111.7 stay long of target of 115+.
in metals lead and zinc may out perform and nickel,aluminium and copper seems to be stay range bound to corrective.
Free mcx tips for energy
mcx crude oil dec future closed at 4787 with gains.here today oil future achieved given target of 4795 in free trial call.on chart trend building on long side and now here follow buy on dips strategy for targets of 4800 to 4900+.above 4740 swing target comes at 4980+
mcx natural gas dec future today closed at 185.1 with gains.after touching low of 179 which was major support now natural gas prices triggered short covering but technically that was only bounce back.here will still bearish and expect 170-165 level again.trend will change above 189 on closing basis for intraday.while for short term 193 is major resistance and trend changer level.