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

Related Links :

• MCX Live Rates

• MCX Gold & Silver Lifetime High Low

• MCX Commodities Intraday Technical levels for 25.02.2013

• MCX Intra day Calculator/Commodity/Nifty Calculator
• MCX Copper,Lead,Zinc,Nickel,Aluminium Lifetime high &low
• MCX Commodities Monthly Pivot Supports and Resistances for Feb'1'2013

• MCX Weekly View for Feb'25'Mar'02''2013.

• MCX Commodities Intraday Trading Support,Resistance Levels for 25.02.2013