Monday, 25 February 2013

MCX Market View on 25.02.2013



MCX Gold


International Gold trading nearly 4 dollars Higher than friday MCX closing price.The U.S. Commodity Futures Trading Commission(CFTC) Report showed that Money managers and other large speculators reduced their net-long position in gold futures and options by 40 percent in the week ended Feb. 19. The biggest drop since July 31, 2007.
Italian Elections & Chinese Manufacturing data make Gold trade higher from last week Lows.
Friday(22.02.2013) MCX Gold Closing price 29487.Indian Rupee(USDINR) may Limit Gold gains.

MCX Gold Technical levels

MCX Gold Upper side breakout point             :29750(Buy Comes above that point)

MCX Gold Technical Resistance levels           :29787,29834,29857

MCX Gold Down side breakout point             :29460(Sell Comes below that point)


MCX Gold Technical Support levels                :29434,29398,29324

  Friday(22.02.2013) MCX Gold Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
GOLD
5-Apr-13
29716
29800
29433
29487
GOLD
5-Jun-13
30238
30321
29961
30047
GOLD MINI
5-Mar-13
29379
29479
29100
29157
GOLD MINI
5-Apr-13
29704
29800
29445
29497


MCX Silver

Silver trading 5 cents higher than Friday MCX closing price.

Friday(22.02.2013) MCX Silver Closing price 53304.MCX Silver resistance at 537.Once it break & trades above MCX Silver likely to touch 54940 levels.



MCX Silver Technical levels

MCX Silver Upper side breakout point          :53740(Buy Comes above that point)

MCX Silver Technical Resistance levels        : 
53870,53940,54030

MCX Silver Down side breakout point          :
53240(Sell Comes below that point)

MCX Silver Technical Support levels            :
53120,52960,52898

Friday(22.02.2013) MCX Silver Bhav Copy for Data Reference

Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
54167
54219
53156
53304
SILVER
4-May-13
55555
55621
54600
54722
SILVERMINI
28-Feb-13
54198
54260
53175
53322
SILVERMINI
30-Apr-13
55590
55655
54650
54773
SILVERMICRO
28-Feb-13
54200
54244
53178
53315
SILVERMICRO
30-Apr-13
55527
55677
54664
54784

MCX Crude Oil

Crude Oil trading 30 cents  Lower than Friday MCX Closing level.

Friday(22.02.2013) MCX Crude oil Closing price 5069.Crude Oil Looks weak.

MCX Crude Oil Technical levels

MCX Crude oil Upper side breakout point          :5092(Buy Comes above that point)

MCX Crude oil  Technical Resistance levels        : 5103,5118,5127

MCX Crude oil  Down side breakout point          :5051(Sell Comes below  that point)


MCX Crude oil  Technical Support levels             :5037,5028,5012

Friday(22.02.2013) MCX Crude oil Bhav Copy for Data Reference

Commodity
Contract
Open
High
Low
Close
CRUDEOIL
19-Mar-13
5097
5097
5041
5069
CRUDEOIL
19-Apr-13
5140
5150
5087
5113

MCX Natural Gas

Natural Gas trading 10 cents higher from Friday MCX Closing level.

Friday(22.02.2013) MCX Natural Gas Closing price 177.7.MCX Natural gas open above 178.5,looks positive

MCX Natural Gas Technical levels

MCX Natural Gas Upper side breakout point      :178.80(Buy Comes above that point)

MCX Natural Gas Technical Resistance levels     : 179.50,180.4,181.10

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

Friday(22.02.2013) MCX Natural Gas Bhav Copy for Data Reference

Commodity
Contract
Open
High
Low
Close
NATURALGAS
25-Feb-13
178.4
178.4
175.8
177.7
NATURALGAS
25-Mar-13
182
182.3
180
182

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