Premarket mcx commodities technical report and tips
Free mcx tips for bullion
mcx gold feb future today closed at 30756 with some gains.today we seen highs around 30800 but gold not sustaining higher levels.on intraday chart trend and momentum is bullish but we not seen any strength in price.for tomorrow above 30700 stay long for targets of 30950 to 31100.bottom of 30600 is most important levels to watch.
mcx silver march future today closed at 59585 with gains.silver future every day showing resilience to selling and after every dip rally to upper levels.for tomorrow outlook and trend is positive and expect breakout above 59900 only.59200 is intraday support level.
Free mcx tips for base metals
mcx aluminium jan future closed at 109.5 with gains.after sharp fall we seen lows near 108 but today after long consolidation aluminium Finally given reversal and fresh long side breakout.on upside targets are 109.8-111.4 and then 113.35.
mcx copper feb expiry future today closed at 440 with gains.today after gap up opening mcx copper holds gains and given consolidation while in last we seen sharp up move and closed with gains and breakout.now above 438 stay long and expect 444 to 446.
mcx lead jan expiry future closed at 125.1 with gains.mcx lead given breakout at 124.5 and now hold it and for next 2-3 session expect sharp upside rally upto 127-129 if holds 124 on closing basis.
mcx nickel jan expiry future closed at 935.5 flat.today we seen lows near 930 while high was 939.for tomorrow trend and momentum both down and buying suggested above 940 only.
mcx zinc feb expiry future today closed at 110.8 with huge gains.today after consolidation neat support 109.7 we seen sharp buying spurt and closed at day high.for tomorrow follow up buying and 111.5 to 112 as target level with stoploss below 109.7.
Free mcx tips for energy
mcx crude oil feb expiry future closed at 5201 with gains.here also after initial drop we seen lows near 5145 but that was trap and prices continues to moving above.here watch for 5230 if breaks tomorrow then rally may pick momentum and 5350 to 5400 level expected in this week.5160 is breakup level.
mcx natural gas jan expiry future closed at 192.4 with loss.today we seen gap up opening and highs near 195.5 while intraday low was 188.65.for tomorrow below 193 expect downtrend will continue and may show 186 to 182 on lower side.if breaks 193 and sustain then only buy for 198-205 levels.
