Thursday, 31 January 2013

MCX Market View for 31-jan-2013


MCX Gold

International Gold traded nearly Yesterday MCX closing price.  Gold traded nearly highest in a week, supported by expectations the U.S. dollar could lose its footing after the Federal Reserve decided to keep buying bonds.Fed s Bond Buying makes Gold to glitter more.


TOCOM's Gold December contract has climbed more than 6 percent this year on a weakening yen after Prime Minister Shinzo Abe called on Japan's central bank to ease policy more aggressively.


Yesterday(30.01.2013) MCX April contract Gold Closing price 30862.MCX Gold facing strong resistance at 30936.

MCX Gold Resistance  30936,31039,31123
MCX Gold Support       30705,30651,30470

  Yesterday(30.01.2013) MCX Gold Bhav Copy for Data Reference

Commodity
Contract
Open
High
Low
Close
GOLD
5-Feb-13
30275
30297
30006
30217
GOLD
5-Apr-13
30815
30927
30621
30862
GOLDM
5-Feb-13
30245
30299
30015
30226
GOLDM
5-Mar-13
30580
30650
30402
30602

MCX Silver

Silver also traded nearly 20 cents higher from Yesterday MCX closing price.MCX Silver taking support from 58250.Once MCX Silver breaks level of 59470,strong pull back may expected in Silver.

Yesterday(30.01.2013) MCX Silver Closing price 59061

MCX Silver Resistance   59470,59701,59865

MCX Silver Support        58938,58680,58340

Yesterday(30.01.2013) MCX Silver Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
58030
59139
57712
59061
SILVER
4-May-13
59420
60485
59101
60429
SILVERM
28-Feb-13
58018
59150
57731
59077
SILVERM
30-Apr-13
59370
60644
59133
60471
SILVERMIC
28-Feb-13
57980
59150
57740
59076
SILVERMIC
30-Apr-13
59375
60490
59141
60435

MCX Crude Oil

Crude Oil traded 25 cents higher from Yesterday MCX Closing level.

Yesterday(30.01.2013) MCX Crude oil Closing price 5210

MCX Crude oil Resistances    5236,5248,5276
MCX Crude oil Supports         5205,5191,5179

Yesterday(30.01.2013) MCX Crude oil Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
CRUDEOIL
19-Feb-13
5226
5239
5192
5210
CRUDEOIL
19-Mar-13
5277
5283
5236
5254

MCX Copper

Copper trading one dollar lower than yesterday MCX closing price.The rally in the copper price this month is driven by the expectation of a better global economy this year, not by a substantial improvement on the physical market.

Yesterday(30.01.2013) MCX Copper Closing price 442.1

Yesterday(30.01.2013) MCX Copper Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
COPPER
28-Feb-13
438.1
442.4
438.1
442.1
COPPER
30-Apr-13
443.5
447.1
443.3
446.9


                                                                                                                                                                                                                      
MCX Copper Resistances     443.90,446.00,447.80
MCX Copper Supports          441.70,438.00,436.30

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