Sunday, 24 February 2013

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



MCX Gold
MCX Gold made a loss of Two Percent,nearly 673 points in last week.In International market Gold Holding Support at 1552.Once it break 1546 will be next Strong support.

Gold Fell Due to U S Fed's Monetary Policy tightening News,SPDR Gold Trust Holding Reduction,Hedge Fund s Liquidation are the last week major news highly impacted Gold Price.Gold Price recovered from lows due to negative U S manufacturing data makes U S Dollar weakening.

MCX Gold Closing price 29487.MCX Gold Likely to trade in the range of 30290-28734 this week.MCX Gold Weekly Chart looks weak,Daily Chart little positive.But Indian Rupee(USDINR)Strengthens makes Gold trade lower.

Budget is coming on Thursday(28.02.2013),During Budget times,MCX Gold trading on heavy volatile.Last Year also Gold Gave Huge Spike during Budget.

MCX Gold Weekly Technical Levels

MCX Gold Upper side breakout point                 : 29790(Buy Comes above this point)

MCX Gold Weekly Technical Resistance Levels    :29892,30140,30290

MCX Gold Down side breakout point                   :29240(Sell Comes below this Point)

MCX Gold Weekly Technical Support Levels          :29124,28969,28734

MCX Gold  Technical Range/Levels for Feb'25-Mar'02 Projection    :30290-28734

MCX Gold Fibonacci Trading Range for Feb'25-Mar'02  Projection   :30550-28987

MCX Silver

MCX Silver Closing Price 53304.MCX Silver made loss of nearly 5 % (4.96) last week.MCX Silver Looks weak In MCX weekly Chart.

MCX Silver Weekly Technical Levels

MCX Silver Upper side breakout point                 : 53750(Buy Comes above this point)

MCX Silver Weekly Technical Resistance Levels    :53970,54370,54860

MCX Silver Down side breakout point                  :52940(Sell Comes below this Point)

MCX Silver Weekly Technical Support Levels        :52720,52569,52130

MCX Silver Technical Range/Levels for Feb'25-Mar'02 Projection    :54860-52130

MCX Silver Fibonacci Trading Range Feb'25-Mar'02 Projection      :57322-52169


MCX Crude Oil

MCX Crude Oil Closing Price 5069.MCX Crude Oil Looks weak in MCX weekly chart.

MCX Crude Oil Weekly Technical Levels

MCX Crude Oil  Upper side breakout point               :5106(Buy Comes above this point)


MCX Crude Oil Weekly Technical Resistance Levels  :5134,5176,5224

MCX Crude Oil Down side breakout point                : 5034(Sell Comes below this Point)

MCX Crude Oil Weekly Technical Support Levels         :5005,4969,4937

MCX Crude Oil Trading Range for Feb'25-Mar'02 Projection     :5224-4937

MCX Crude Oil  Fibonacci Trading Range Feb'25-Mar'02 Projection :5356-4973

MCX Natural Gas

MCX Natural Gas Closing Price 177.7.Natural Gas positive on weekly chart,but weak on Daily Chart.In International Natural gas opens above 3.270,looks positive.
Natural Gas holds Support at 170.90.
MCX Natural Gas Weekly Technical Levels

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

MCX Natural Gas Weekly Technical Resistance Levels :180.80,184.60,186.30


MCX Natural Gas Weekly Down side breakout point : 174.30(Sell Comes below this Point)

MCX Natural Gas Weekly Technical Support Levels    :171.30,168.70,166.30

MCX Natural Gas Trading Range for Feb'25-Mar'02 Projection  :186.30-166.30

MCX Natural Gas Fibonacci Trading Range Feb'25-Mar'02 Projection :185.70-167.90

MCX Commodity Last week(Feb'18-Feb'22'2013) Bhav CopyData for reference
Commodity
Open
High
Low
Close
Gold
30215
30275
29263
29487
Silver
56215
56415
53077
53304
Crudeoil
5251
5289
5041
5069
Natural Gas
171.5
182.6
171.1
177.7



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