Thursday, 7 February 2013

MCX Market View on 07.02.2013


MCX Gold

International Gold trading one dollar higher than yesterday MCX closing price.Gold struggle to settle above 200 days moving average at 1680 in Daily Chart.once it give close above that market may give some bounce from there.

Today Evening ECB & BOE Rate plays major role in Gold market direction.Market may volatile today due to ECB rate decision.

Yesterday(06.02.2013) MCX Gold Closing price 30711.MCX Gold Support at 30660.MCX Gold chart wise positive for price move higher.

MCX Gold Resistance   30867,30934,31040
MCX Gold Support        30660,30470,30310

  Yesterday(06.02.2013) MCX Gold Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
GOLD
5-Apr-13
30598
30767
30565
30711
GOLD
5-Jun-13
31055
31200
31010
31152
GOLDM
5-Mar-13
30351
30495
30313
30448
GOLDM
5-Apr-13
30595
30787
30588
30726

MCX Silver

Silver trading nearly same price of yesterday  MCX closing price.

Yesterday(06.02.2013) MCX Silver Closing price 58376.
MCX Silver Resistance   58660,58860,59165
MCX Silver Support       58190,58030,57880

Yesterday(06.02.2013) MCX Silver Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
58275
58478
58076
58376
SILVER
4-May-13
59607
59850
59467
59752
SILVERM
28-Feb-13
58302
58490
58100
58389
SILVERM
30-Apr-13
59690
59876
59500
59763
SILVERMIC
28-Feb-13
58330
58490
58102
58389
SILVERMIC
30-Apr-13
59610
59872
59507
59764

MCX Crude Oil

Crude Oil trading 15 cents higher from Yesterday MCX Closing level.Crude may fall more if its break the support level 96 in international market.Crude Oil Positive in daily charts.

Yesterday(06.02.2013) MCX Crude oil Closing price 5139.MCX Crude Trading range from 5248 to 5122 for the past one month.yesterday it broke 5122 level & fell down.
MCX Crude oil Resistances    5156,5176,5191
MCX Crude oil Supports         5124,5114,5105,

Yesterday(06.02.2013) MCX Crude oil Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
CRUDEOIL
19-Feb-13
5140
5155
5070
5139
CRUDEOIL
19-Mar-13
5183
5200
5117
5184

MCX Copper

Copper trading 50 cents higher than of yesterday MCX closing price.

Yesterday(06.02.2013) MCX Copper Closing price 439.65.As per Yesterday report copper turned weak & settled lower.MCX Copper Daily & weekly charts are weak.Once MCX Copper fall more if its breaks level of 436.60.

Yesterday(06.02.2013) MCX Copper Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
COPPER
28-Feb-13
442.35
443.35
439.3
439.65
COPPERM
28-Feb-13
442.6
443.35
439.35
439.65

MCX Copper Resistances   441.60,443.60,445.70                                                                                                                                                                                                              
MCX Copper Supports        438.80,436.40,434.70


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