Friday 25 January 2013

MCX market view on 25/01/2013


MCX Gold

International Gold traded 2 dollars lower from Yesterday s MCX closing price.The world’s biggest gold-backed exchange-traded fund,SPDR Gold Trust Holdings had dropped 19 tons so far this year to 1,331.706 tons on Jan 24.Russia’s central bank said it will continue to buy gold as it seeks to diversify its foreign reserves,its only Supportive news for gold.

Yesterday MCX Gold Closing price 30448.

MCX gold breaks the 200 days moving average at 30520.MCX gold gave  close lower  than strong support 30482.Home sales comes in evening ,as it comes positively as per forecast,more fall may expect in MCX gold.MCX gold may possible to break two months low of 30370.

MCX Gold Resistance  30482,30587,30668
MCX Gold Support       30370,30294,30105

Yesterday MCX Gold Bhav Copy for Data Reference


Commodity
Contract
Open
High
Low
Close
GOLD
5-Feb-13
30673
30698
30425
30448
GOLD
5-Apr-13
31234
31284
31004
31026
GOLDM
5-Feb-13
30670
30693
30451
30470
GOLDM
5-Mar-13
31000
31040
30786
30800

MCX Silver


Yesterday MCX Silver Closing price 58953

Silver also traded nearly Yesterday MCX closing price.MCX Silver 200 days Moving average at 58850.

MCX Silver Resistance   59470,59665,59880
MCX Silver Support        58758,59465,58237

 Yesterday MCX Silver Bhav Copy for Data Reference

Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
59780
59780
58881
58953
SILVER
4-May-13
60850
60942
60230
60324
SILVERM
30-Apr-13
61100
61100
60272
60348
SILVERM
30-Apr-13
61100
61100
60272
60348
SILVERMIC
28-Feb-13
59850
59850
58907
58978
SILVERMIC
30-Apr-13
61103
61103
60281
60358

MCX Crude Oil

Yesterday MCX Crude oil Closing price 5178

Crude Oil traded 13 cents higher from Yesterday MCX Closing level. MCX Crude oil struggle to break resistance of 5202.


MCX Crude oil Resistances  5188,5204,5214

MCX Crude oil Supports       5167,51
45,5129

Yesterday MCX Crude oil Bhav Copy for Data Reference

Commodity
Contract
Open
High
Low
Close
CRUDEOIL
19-Feb-13
5171
5194
5132
5178
CRUDEOIL
19-Mar-13
5212
5238
5176
5223

MCX Copper

Yesterday MCX Copper Closing price 437.75

Copper also trading 2 dollars higher from yesterday MCX Closing price.But 

MCX copper gave close below strong support at 438.


Yesterday MCX Copper Bhav Copy for Data Reference

Commodity
Contract
Open
High
Low
Close
COPPER
28-Feb-13
438.3
439.3
436.5
437.75
COPPERM
28-Feb-13
438.25
439.3
436.55
437.7


                                                                                                                                                                                                                                      
MCX Copper Resistances     440.9,441.7,443.3


MCX Copper Supports          436.3,434.6,433.10

Tomorrow MCX Market will be holiday for Republic day

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