Wednesday, 6 February 2013

MCX Market View for 06.02.2013


MCX Gold

International Gold trading one dollar higher than yesterday MCX closing price.Gold fell yesterday due to solid gains in U.S. equities and an improving economic outlook weighed on the metal's safe-haven appeal.

Gold rose rose yesterday morning because of data showed that Hong Kong's net gold flow to mainland China jumped 47 percent in 2012 to a record high.The Central Bank of Emerging economies Interest of gold buying Makes Gold to trade higher. 

Yesterday(05.02.2013) MCX April contract Gold Closing price 30599.MCX Gold Support at 30470.MCX Gold weak on technically.

Indian rupee against Dollar(USDINR) will play role to MCX Gold price trade lower.

MCX Gold Resistance  30640,30760,30898
MCX Gold Support       30470,30310,30230

  Yesterday(05.02.2013) MCX Gold Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
GOLD
5-Feb-13
30300
30376
30122
30211
GOLD
5-Apr-13
30731
30820
30551
30599
GOLDM
5-Feb-13
30320
30365
30100
30211
GOLDM
5-Mar-13
30456
30566
30321
30354

MCX Silver

Silver trading nearly 10 cents lower than of Friday MCX closing price.

Yesterday(05.02.2013) MCX Silver Closing price 58356.MCX Silver open below 58350,it may fall up to 58030.MCX Silver 200 days Moving Average at 58328.

MCX Silver Resistance   58660,58860,59165
MCX Silver Support       58190,58030,57880

Yesterday(05.02.2013) MCX Silver Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
58432
58790
58052
58356
SILVER
4-May-13
59864
60169
59451
59741
SILVERM
28-Feb-13
58400
58805
58086
58374
SILVERM
30-Apr-13
59850
60180
59500
59756
SILVERMIC
28-Feb-13
58490
58800
58095
58373
SILVERMIC
30-Apr-13
59852
60180
59501
59760

MCX Crude Oil

Crude Oil trading 30 cents lower from Yesterday MCX Closing level.

Yesterday(05.02.2013) MCX Crude oil Closing price 5142.Yesterday Crude Exactly take support for 5125 as per yesterday report.


MCX Crude oil Resistances    5167,5176,5191
MCX Crude oil Supports         5125,5114,5105,

Yesterday(05.02.2013) MCX Crude oil Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
CRUDEOIL
19-Feb-13
5140
5161
5125
5144
CRUDEOIL
19-Apr-13
5225
5249
5215
5233

MCX Copper

Copper trading nearly same price of yesterday MCX closing price.Copper rose to near a four-month high as signs of a recovery from China to the U.S., the world’s biggest consumers of the metal, strengthen the outlook for demand for industrial metals. 

Yesterday(05.02.2013) MCX Copper Closing price 442.55.As per MCX Chart,Copper look like weak.

Yesterday(05.02.2013) MCX Copper Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
COPPER
28-Feb-13
444.75
444.75
442
442.55
COPPERM
28-Feb-13
444.9
444.9
442.05
442.55

MCX Copper Resistances     443.60,445.70,448.40                                                                                                                                                                                                                
MCX Copper Supports          441.60,438.80,436.40


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