Wednesday, 27 February 2013

MCX Market View on 27.02.2013



MCX Gold
International Gold trading nearly 5 dollars lower than yesterday MCX closing price.Gold traded higher due to Uncertainty of Italian Election and U S Federal Chairman Bernanke's praise of Quantitative easing benefits.Quantitative easing  mean U S Bonds buying/monetary easing,it makes  Gold glitter.Today also Bernanke Testifies there at 8.30pm Indian time.

Yesterday(26.02.2013) MCX Gold Closing price 30092.Today Economic Survey is there,likely volatility in rupee is there.So,it adversely affects Gold.

MCX Gold Technical levels

MCX Gold Upper side breakout point             :30155(Buy Comes above that point)

MCX Gold Technical Resistance levels           :30192,30228,30276

MCX Gold Down side breakout point             :29960(Sell Comes below that point)

MCX Gold Technical Support levels                :29912,29896,29854

 Yesterday(25.02.2013)MCX Gold Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
GOLD
5-Apr-13
29667
30139
29616
30092
GOLD
5-Jun-13
30160
30630
30041
30593
GOLD MINI
5-Apr-13
29637
30143
29622
30091
GOLD MINI
4-May-13
29920
30425
29920
30373

MCX Silver

Silver trading 5 cents lower than yesterday MCX closing price.Silver is not rising like Gold,it gained little only.

Yesterday(26.02.2013) MCX Silver Closing price 55934.
MCX Silver Technical levels

MCX Silver Upper side breakout point          :56100(Buy Comes above that point)

MCX Silver Technical Resistance levels        : 56210,56330,56452

MCX Silver Down side breakout point          :55730(Sell Comes below that point)

MCX Silver Technical Support levels            :55622,55560,55432

Yesterday(26.02.2013) MCX Silver Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
54002
54739
53401
54582
SILVER
4-May-13
55396
56098
54840
55934
SILVER MINI
28-Feb-13
53920
54750
53411
54593
SILVER MINI
30-Apr-13
55480
56120
54885
55973
SILVER MICRO
28-Feb-13
54000
54740
53410
54595
SILVER MICRO
30-Apr-13
55358
56118
54879
55976

MCX Crude Oil

Crude Oil trading 60 cents higher than yesterday MCX Closing level.Crude Oil Looks positive on International Daily Chart.But Fundamentals not favor for Crude oil,Stocks has been more.Iranian situation is the only positive news for Crude oil.

Yesterday(26.02.2013) MCX Crude oil Closing price 5028.Crude Oil Looks weak trend  as per MCX Daily Chart.

MCX Crude Oil Technical levels

MCX Crude oil Upper side breakout point          :5056(Buy Comes above that point)

MCX Crude oil  Technical Resistance levels        : 5067,5077,5086

MCX Crude oil  Down side breakout point          :5012(Sell Comes below  that point)

MCX Crude oil  Technical Support levels             :4998,4987,4979

Yesterday(26.02.2013)MCX Crude oil Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
CRUDE OIL
19-Mar-13
5046
5065
5002
5028
CRUDE OIL
19-Apr-13
5081
5112
5045
5074


MCX Natural Gas

Natural Gas trading 3 cents higher from yesterday MCX Closing level.Natural Gas looks weak trend only as per Daily chart.

Yesterday(26.02.2013) MCX Natural Gas Closing price 187.9.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      :189.50(Buy Comes above that point)

MCX Natural Gas Technical Resistance levels     : 190.30,191,192.20

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(26.02.2013) MCX Natural Gas Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
NATURAL GAS
25-Mar-13
188.4
191.7
187
187.9
NATURAL GAS
25-Apr-13
192.4
195.5
190.8
191.7

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Posted by Vruksha Financial Planners at 09:18
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