Monday, 25 March 2013

MCX Weekly View for March''25-30''2013




MCX Gold
Gold gained last week due to Cyprus crisis news.Gold may trade higher due to the continuation of U S Federal Reserve Ultra-loose Monetary Policy,European financial risk and a slowness of  U.S. economy recovery.

MCX Gold Closing price 29676.MCX Gold Likely to trade in the range of 30290-28734 this week.Once MCX Gold settles above 29890 & Trades above it Likely gain more. 

MCX Gold Weekly Technical Levels

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

MCX Gold Weekly Technical Resistance Levels    :29885,30002,30140

MCX Gold Down side breakout point                   :29435(Sell Comes below this Point)

MCX Gold Weekly Technical Support Levels          :29344,29265,29124

MCX Gold  Technical Range/Levels for Mar''25-30'' Projection    :30140-29124

MCX Gold Fibonacci Trading Range for  Mar''25-30'' Projection   :30011-29317

MCX Silver

MCX Silver Closing Price 54125.MCX Silver Looks weak as per MCX daily & weekly Chart.
MCX Silver Weekly Technical Levels

MCX Silver Upper side breakout point                 : 54580(Buy Comes above this point)

MCX Silver Weekly Technical Resistance Levels    :54840,55050,55340

MCX Silver Down side breakout point                  :53930(Sell Comes below this Point)

MCX Silver Weekly Technical Support Levels        :53720,53569,53130

MCX Silver Technical Range/Levels for  Mar''25-30'' Projection    :55340-53130

MCX Silver Fibonacci Trading Range Mar''25-30'' Projection      :55406-53665


MCX Crude Oil

MCX Crude Oil Closing Price 5089.MCX Crude Oil Looks positive for buying trend 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  :5147,5176,5222

MCX Crude Oil Down side breakout point                : 5056(Sell Comes below this Point)

MCX Crude Oil Weekly Technical Support Levels         :5018,4987,4969

MCX Crude Oil Trading Range for Mar''25-30'' Projection     :5222-4969

MCX Crude Oil  Fibonacci Trading Range  Mar''25-30''  Projection :5204-4986

MCX Natural Gas

MCX Natural Gas Closing Price 213.80.Natural Gas positive on weekly chart,but weak on Daily Chart.
MCX Natural Gas Weekly Technical Levels

 MCX Natural Gas  Weekly Upper side breakout point    :214.90(Buy Comes above this point)

MCX Natural Gas Weekly Technical Resistance Levels :217.30,219.20,222.60


MCX Natural Gas Weekly Down side breakout point : 210.50(Sell Comes below this Point)

MCX Natural Gas Weekly Technical Support Levels    :207.80,205.60,202.70

MCX Natural Gas Trading Range for  Mar''25-30''Projection  :222.60-

MCX Natural Gas Fibonacci Trading Range   Mar''25-30'' Projection :185.70-167.90

MCX Commodity Last week(Feb'18-Feb'22'2013) Bhav CopyData for reference
Commodity
Open
High
Low
Close
Gold
29440
29889
29440
29676
Silver
54250
55100
53972
54125
Crudeoil
5106
5166
5025
5089
Natural Gas
209.70
218.9
209.7
213.8



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