Premarket mcx commodities technical report and tips
Free mcx tips for bullion
mcx gold future today closed at 30833 with gains.today we seen lows near 30700 while high was nearly 30900.as we given in weekly analysis our contra call played it role and now watch tomorrow for 31,000 and 31,300 as targets.on chart 30750 is small support and stoploss for intraday traders.
mcx silver march expiry future closed at 57761 with gains.today in silver future we seen lows near 57600 while highs was 58000.here on chart consolidation is going on and that look like market holding every supply and developing base for upcoming rally.below 57000 may turn negative for long term.
Free mcx tips for base metals
mcx aluminium jan expiry future closed at 113 flat positive.today we seen highs near 113.7 on spikes up while low was 112.5.tomorrow above this 112.5 traders may take long chances but it will be contra play.trend and momentum on intraday chart still bearish and below 113.6 expecting 111-110.
mcx copper feb expiry future closed at 443.5 with gains.in last minute spike and closing at day high suggest breakout and now 448-450 are intraday targets tomorrow with stoploss below 442.
mcx lead jan expiry future closed at 127.25 with gains.here in intraday heavy volatility and large upside down moves must triggered day traders stoplosses but trend and momentum still bullish and hold long view for target of 132 with stoploss 125.for intraday 127.8 and then 128.5 will be targets.
mcx nickel jan expiry future closed at 946.8 with loss.here trend and momentum is bearish and this underperformance now look may continue till major supports.for tomorrow below 950 may show us 940-930 levels.
mcx zinc jan future closed at 112.95 with gains.today we seen lows near 112.4 while highs was 113.5.trend and momentum building on long side s above today low stay long for 113.5 to 114.on intraday chart looks range bound.
if rupee remains weak then we may see news highs in all metals in 2013.
Free mcx tips for energy
mcx crudeoil jan expiry future closed at 5018 with gains.mcx crude oil future after flat opening hit lows near 4965 while closed at day high on fiscal cliff speculation.for tomorrow above 4990 support stay long for targets for 5045 to 5080.trend is bullish and momentum is building on long side as given reversal from support.Iran tension may put speculative positions here.
mcx natural gas jan expiry future today closed at 185.6 with huge losses.here after negative opening remain under pressure and closed at day low.here trend and momentum both weak and volatility remain concern.on downside 178-170-165 still look achievable while 189 is intraday resistance.
