Thursday, 24 January 2013

MCX Market View on 24/01/2013


MCX Gold:

International Gold traded 4 dollars lower from Yesterday s MCX closing price.Gold fell after China’s HSBC manufacturing survey  growing at the fastest pace in two years and the International Monetary Fund said global growth will accelerate this year, curbing haven demand.The IMF said yesterday, the world economy will expand 3.5 percent this year from 3.2 percent in 2012,  in an update of its World Economic Outlook.

Growth Forecast 

According to  Bloomberg  median estimate, China’s growth may accelerate to 8 percent in the first quarter and 8.2 percent in the second quarter.According to estimates,the U.S., the world’s biggest economy, may expand 1.5 percent this quarter and 2.1 percent in the next three-month period, All these Positive economic outlook news dropped gold prices from yesterday.


yesterday MCX Gold Closing price 30691


Today MCX gold trend is Sell side only. Gold 200 days Moving Average is 30520.Probably MCX gold may take support at this point.

MCX Gold Resistance  30756,30898,30936
MCX Gold Support       30664,30585,30480

Yesterday MCX Gold Bhav Copy for Data Reference


Commodity
Contract
Open
High
Low
Close
GOLD
5-Feb-13
30815
30847
30653
30691
GOLD
5-Apr-13
31411
31434
31240
31275
GOLDM
5-Feb-13
30775
30829
30655
30682
GOLDM
5-Mar-13
31111
31155
30990
31017



MCX Silver


yesterday MCX Silver Closing price 59865

Silver also traded 30 cents lower from Yesterday MCX closing levels. 

MCX Silver Resistance   59980,60060,60240
MCX Silver Support        59740,59470,58940

Yesterday MCX Silver Bhav Copy for Data Reference

Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
59680
59974
59525
59865
SILVER
4-May-13
61036
61301
60862
61221
SILVERM
28-Feb-13
59690
59984
59561
59873
SILVERM
30-Apr-13
60940
61298
60906
61209
SILVERMIC
28-Feb-13
59650
59970
59556
59876
SILVERMIC
30-Apr-13
60967
61290
60911
61199
MCX Crude Oil

Yesterday MCX Crude oil Closing price 5179

Crude Oil traded 50 cents lower from Yesterday MCX Closing level. 


MCX Crude oil Resistances  5188,5204,5214

MCX Crude oil Supports       5167,5148,5124


Yesterday MCX Crude oil Bhav Copy for Data Reference


Commodity
Contract
Open
High
Low
Close
CRUDEOIL
19-Feb-13
5206
5212
5170
5179
CRUDEOIL
19-Mar-13
5243
5254
5213
5222

MCX Copper

Yesterday MCX Copper Closing price 438.55

Copper also trading lower from yesterday MCX Closing price.


Yesterday MCX Copper Bhav Copy for Data Reference
                                                       
Commodity
Contract
Open
High
Low
Close
COPPER
28-Feb-13
440.1
441.05
437.7
438.55
COPPERM
28-Feb-13
440.4
441
437.7
438.55
                                                                                                                                                                                                                                     
MCX Copper Resistances     440.9,441.7,443.3

MCX Copper Supports          437.6,436.3,434.6



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1 comment:

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