Friday, 1 March 2013

MCX Market view for 01.03.2013



MCX Gold
International Gold trading nearly 1 dollars lower than yesterday MCX closing price.  Gold fell  because of  gains in U.S. equities and economic optimism snapped safe-haven demand for the precious metal, which ended February with its fifth straight monthly drop, the longest string of monthly declines since 1996. Signs of an improving U.S. economy makes U S Equities to trade higher.

Yesterday(28.02.2013) MCX Gold Closing price 29570.MCX Gold Looks weak in trend.

MCX Gold Technical levels

MCX Gold Upper side breakout point             :29670(Buy Comes above that point)

MCX Gold Technical Resistance levels           :29723,29754,29834

MCX Gold Down side breakout point             :29480(Sell Comes below that point)

MCX Gold Technical Support levels                :29434,29398,29324

 Yesterday(28.02.2013)MCX Gold Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
GOLD
5-Apr-13
29703
29934
29513
29570
GOLD
5-Jun-13
30307
30467
30051
30113
GOLD MINI
5-Mar-13
29420
29597
29232
29328
GOLD MINI
5-Apr-13
29758
29945
29532
29590

MCX Silver

Silver trading 5 cents Higher than yesterday MCX closing price.Silver Looks weak in trend.28.30 Silver holding support in International Market.

Yesterday(28.02.2013) MCX Silver Closing price 54567.MCX Silver Looks weak once it opens below 54560.
MCX Silver Technical levels

MCX Silver Upper side breakout point          :54960(Buy Comes above that point)

MCX Silver Technical Resistance levels        : 55132,55246,55353

MCX Silver Down side breakout point          :54400(Sell Comes below that point)

MCX Silver Technical Support levels            :54287,54152,54042

Yesterday(28.02.2013) MCX Silver Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
53800
54199
53145
53267
SILVER
4-May-13
55043
55550
54420
54567
SILVER MINI
30-Apr-13
55150
55585
54501
54619
SILVER MINI
29-Jun-13
56550
56901
55920
56017
SILVER MICRO
30-Apr-13
55300
55590
54523
54625
SILVER MICRO
29-Jun-13
56624
56924
55925
56027

MCX Crude Oil

Crude Oil trading 1 dollar lower than yesterday MCX Closing level.Crude Oil looks weak in trend.

Yesterday(28.02.2013) MCX Crude oil Closing price 5076.Crude Oil Looks weak trend  as per MCX Daily Chart.

MCX Crude Oil Technical levels

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

MCX Crude oil  Technical Resistance levels        : 5103,5112,5124

MCX Crude oil  Down side breakout point          :5035(Sell Comes below  that point)

MCX Crude oil  Technical Support levels             :5022,5010,4997

Yesterday(28.02.2013)MCX Crude oil Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
CRUDE OIL
19-Mar-13
5012
5092
5000
5076
CRUDE OIL
19-Apr-13
5058
5136
5046
5120


MCX Natural Gas

Natural Gas trading same levels of yesterday MCX Closing level.Natural Gas looks buying trend as per Daily chart.

Yesterday(28.02.2013) MCX Natural Gas Closing price 191.1.MCX Natural Gas Chart looks buying trend in MCX Chart also.But Gains limited by Strong Indian Rupee(USDINR)

MCX Natural Gas Technical levels

MCX Natural Gas Upper side breakout point      :191.80(Buy Comes above that point)

MCX Natural Gas Technical Resistance levels     : 192.40,193.10,194.20

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(28.02.2013) MCX Natural Gas Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
NATURAL GAS
25-Mar-13
190.2
191.6
185.5
191.1
NATURAL GAS
25-Apr-13
193
195.1
189
194.7

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Posted by Vruksha Financial Planners at 09:56
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