Thursday, 28 February 2013

MCX Market View on 28.02.2013



MCX Gold

International Gold trading nearly 3 dollars higher than yesterday MCX closing price. Gold fell yesterday hit by disappointment over a lack of new Federal Reserve stimulus and deflation worries over across-the-board deep U.S.spending cuts.U S equities Gain also make Gold lost as Safe heaven appeal.

Yesterday(27.02.2013) MCX Gold Closing price 29743.Today Budget is there,Heavy Volatile be there in MCX Gold.Spike may also possible.Gold Gains may be limited by Indian Rupee(USDINR).

MCX Gold Technical levels

MCX Gold Upper side breakout point             :29790(Buy Comes above that point)

MCX Gold Technical Resistance levels           :29834,29857,29879

MCX Gold Down side breakout point             :29680(Sell Comes below that point)


MCX Gold Technical Support levels                :29637,29624,29593

 Yesterday(27.02.2013)MCX Gold Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
GOLD
5-Apr-13
30030
30030
29716
29743
GOLD
5-Jun-13
30445
30498
30260
30281
GOLD MINI
5-Mar-13
29721
29721
29411
29443
GOLD MINI
5-Apr-13
30052
30052
29711
29740

MCX Silver

Silver trading 5 cents Higher than yesterday MCX closing price.Silver Looks weak in trend.

Yesterday(27.02.2013) MCX Silver Closing price 55156.MCX Silver Looks weak.

MCX Silver Technical levels

MCX Silver Upper side breakout point          :55480(Buy Comes above that point)

MCX Silver Technical Resistance levels        : 
55610,55730,55840

MCX Silver Down side breakout point          :54940
(Sell Comes below that point)

MCX Silver Technical Support levels            :54784,54698,54571

Yesterday(27.02.2013) MCX Silver Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
54500
54500
53680
53786
SILVER
4-May-13
55760
55761
55050
55156
SILVER MINI
28-Feb-13
54500
54500
53705
53800
SILVER MINI
30-Apr-13
55850
55850
55110
55202
SILVER MICRO
28-Feb-13
54500
54500
53711
53802
SILVER MICRO
30-Apr-13
55890
55946
55125
55208

MCX Crude Oil

Crude Oil trading 20 cents higher than yesterday MCX Closing level.Crude Oil Looks positive on International Daily Chart.If Crude Oil trades above 93.25,it may take higher,Crude holds support at 92.50 in international market.

Yesterday(27.02.2013) MCX Crude oil Closing price 5007.Crude Oil Looks weak trend  as per MCX Daily Chart.

MCX Crude Oil Technical levels

MCX Crude oil Upper side breakout point          :5019(Buy Comes above that point)

MCX Crude oil  Technical Resistance levels        : 5034,5047,5067

MCX Crude oil  Down side breakout point          :4990(Sell Comes below  that point)


MCX Crude oil  Technical Support levels             :4979,4967,4959

Yesterday(27.02.2013)MCX Crude oil Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
CRUDE OIL
19-Mar-13
5019
5035
4986
5007
CRUDE OIL
19-Apr-13
5067
5081
5034
5053


MCX Natural Gas

Natural Gas trading 8 cents lower from yesterday MCX Closing level.Natural Gas looks weak trend only as per Daily chart.

Yesterday(27.02.2013) MCX Natural Gas Closing price 190.20.MCX Natural Gas Chart looks weak trend in MCX Chart also.If Natural Gas opens below 187.80,selling trend may possible.

MCX Natural Gas Technical levels

MCX Natural Gas Upper side breakout point      :191.30(Buy Comes above that point)

MCX Natural Gas Technical Resistance levels     : 192.20,193.10,194.20

MCX Natural Gas Down side breakout point      :186.80(Sell Comes below that point)


MCX Natural Gas Technical Support levels         :185.90,184.60,183.40

Yesterday(27.02.2013) MCX Natural Gas Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
NATURAL GAS
25-Mar-13
188.1
192.2
185.9
190.2
NATURAL GAS
25-Apr-13
191.7
195.7
189.8
194

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