Friday 22 February 2013

MCX Market View on 22-Feb-2013

MCX Gold
International Gold trading nearly 4 dollars Higher than yesterday MCX closing price.Gold rose nearly 1 percent on yesterday due to Signs of an improving U.S. economy have diminished gold's traditional status as a safe haven against economic uncertainty.

Yesterday 's U S economic reports jobless Claims,factory activity and consumer prices pointed to a doubted recovery, supporting the argument that the Fed should continue its buying of $85 million in bonds per month to stimulate growth. 

Yesterday(21.02.2013) MCX Gold Closing price 29742.MCX Gold closed above Strong Support at 30710.MCX Gold Likely to trade Positive/Buying Side.As Per Fibonacci MCX Gold may retrace up to 29884.Indian Rupee(USDINR) may Limit MCX Gold gains.

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                :29647,29629,29594

  Yesterday(21.02.2013) MCX Gold Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
GOLD
5-Apr-13
29551
29779
29263
29742
GOLD
5-Jun-13
30016
30305
29801
30273
GOLD MINI
5-Mar-13
29205
29430
28862
29400
GOLD MINI
5-Apr-13
29550
29783
29264
29751

MCX Silver

Silver trading 16 cents higher than yesterday MCX closing price.

Yesterday(21.02.2013) MCX Silver Closing price 54112.MCX Silver resistance at 54585.Once it break & trades above MCX Silver likely to touch 54940 levels.
MCX Silver Technical levels

MCX Silver Upper side breakout point          :54370(Buy Comes above that point)

MCX Silver Technical Resistance levels        : 54540,54679,54854

MCX Silver Down side breakout point          :53940(Sell Comes below that point)

MCX Silver Technical Support levels            :53784,53697,53570

Yesterday(21.02.2013) MCX Silver Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
53671
54284
53077
54112
SILVER
4-May-13
54923
55700
54540
55492
SILVERMINI
28-Feb-13
53600
54299
53080
54127
SILVERMINI
30-Apr-13
55105
55730
54563
55517
SILVERMICRO
28-Feb-13
53730
54299
53067
54128
SILVERMICRO
30-Apr-13
55206
55790
54545
55527

MCX Crude Oil

Crude Oil trading 12 cents  Higher than Yesterday MCX Closing level.

Yesterday(21.02.2013) MCX Crude oil Closing price 5102.MCX Crude Oil likely retrace up to 5141 levels as per Fibonacci retracement levels. 

MCX Crude Oil Technical levels

MCX Crude oil Upper side breakout point          :5137(Buy Comes above that point)

MCX Crude oil  Technical Resistance levels        : 5149,5157,5163

MCX Crude oil  Down side breakout point          :5084(Sell Comes below  that point)

MCX Crude oil  Technical Support levels             :5071,5063,5052

Yesterday(21.02.2013) MCX Crude oil Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
CRUDEOIL
19-Mar-13
5161
5167
5085
5102
CRUDEOIL
19-Apr-13
5205
5212
5131
5148



MCX Natural Gas

Natural Gas trading 25 cents lower from Yesterday MCX Closing level.

Yesterday(21.02.2013) MCX Natural Gas Closing price 178.5.MCX Natural gas open below 178.50,it looks weak.

MCX Natural Gas Technical levels

MCX Natural Gas Upper side breakout point      :179.10(Buy Comes above that point)

MCX Natural Gas Technical Resistance levels     : 179.80,180.4,181.10

MCX Natural Gas Down side breakout point      :175.30(Sell Comes below that point)

MCX Natural Gas Technical Support levels         :174.70,173.90,172.80

Yesterday(21.02.2013) MCX Natural Gas Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
NATURALGAS
25-Feb-13
178
182.6
175.4
178.5
NATURALGAS
25-Mar-13
182.1
185.9
179.4
182.1

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Posted by Vruksha Financial Planners at 10:03
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