Friday 9 November 2012

MCX Commodities Technical Levels for Nov '9



                                      Gold  Dec Contract

Gold traded nearly $8 dollar higher from yesterday MCX closing.

Closing price        31340


Technical indicators


Simple Moving Average 

5 days    31042.2      20 days   31039.9

50 days  31283.3      200 days  29881.39

Bollinger band
 Upper band      31523.77

Middle band     31039.9

Lower band     30556.03


   Silver Dec Contract


Silver traded nearly 20 cents higher from yesterday MCX closing.

Closing price    59881


Technical indicators


Simple Moving Average 

5 days    59043.2       20 days    59442.35

50 days  61402.28     200 days   56624.26

Bollinger band

Upper band      60975.68

Middle band     59442.35

Lower band      57909.02


Copper Nov Contract

Copper traded nearly $2 dollar higher than yesterday MCX closing.

Closing price       416.85


Technical indicators


Simple Moving Average 

5 days    418.33        20 days    425.19

50 days   436.05       200 days   427.44

Bollinger band

Upper band      440.62

Middle band     425.19

Lower band      409.75


Crude Nov Contract

Crude traded nearly 55 cents lower than yesterday MCX closing.

Closing price  4626


Technical indicators


Simple Moving Average 

5 days    4667.4         20 days    4714.5

50 days  4859.82       200 days   5037.05

Bollinger band

Upper band       4918.45

Middle band      4714.5

Lower band       4510.55

Note:As per yesterday Gold has reached $10 dollar from 1725.Gold high today in International is 1735.55.Gold now traded at 1734.50.



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