Monday, 4 March 2013

MCX Market view for 04.03.2013



MCX Gold
International Gold trading nearly 3 dollars Higher than Friday MCX closing price.Hedge funds and money managers increased their net long gold futures and options positions in the week to February 26 from a more than four-year low hit a week earlier, Commodity Futures Trading Commission data showed on Friday.

President Barack Obama formally ordered broad cuts in U.S. government spending on Friday night,But vigorous manufacturing data, together with strong auto sales and a rise in consumer sentiment in February, suggested a pickup in economic growth, offsetting concerns about the impact of the spending cuts.
Friday(01.03.2013) MCX Gold Closing price 29717.MCX Gold Looks weak in trend.Indian Rupee also plays role in Gold gains.

MCX Gold Technical levels

MCX Gold Upper side breakout point             :29770(Buy Comes above that point)

MCX Gold Technical Resistance levels           :29814,29857,29879

MCX Gold Down side breakout point             :29680(Sell Comes below that point)

MCX Gold Technical Support levels                :29637,29624,29593

Friday(01.03.2013)MCX Gold Bhav Copy for Data Reference
Commodity  Contract Open High Low Close
GOLD 5-Apr-13 29607 29855 29455 29717
GOLD 5-Jun-13 30132 30370 29990 30256
GOLD MINI 5-Mar-13 29261 29571 29203 29425
GOLD MINI 5-Apr-13 29600 29866 29475 29727

MCX Silver

Silver trading 4 cents Higher than Friday MCX closing price.Silver may turn buying trend,once it hold support 27.90.

Friday(01.03.2013) MCX Silver Closing price 54946.MCX Silver Looks positive as per daily chart.MCX Silver opens above 54960,it looking for Buying trend.
MCX Silver Technical levels

MCX Silver Upper side breakout point          :55070(Buy Comes above that point)

MCX Silver Technical Resistance levels        : 55182,55332,55545

MCX Silver Down side breakout point          :54715(Sell Comes below that point)

MCX Silver Technical Support levels            :54608,54564,54446

Friday(01.03.2013) MCX Silver Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
53490
54087
52621
53711
SILVER
4-May-13
54700
55276
53802
54946
SILVER MINI
30-Apr-13
54670
55327
53849
54981
SILVER MINI
29-Jun-13
56050
56601
55151
56274
SILVER MICRO
30-Apr-13
54670
55314
53851
54990
SILVER MICRO
29-Jun-13
55930
56600
55167
56268

 MCX Crude Oil

Crude Oil trading 40 cents lower than yesterday MCX Closing level.Crude Oil looks weak in trend.

Friday(01.03.2013) MCX Crude oil Closing price 5010.Crude Oil Looks weak trend  as per MCX Daily Chart.

MCX Crude Oil Technical levels

MCX Crude oil Upper side breakout point          :5037(Buy Comes above that point)

MCX Crude oil  Technical Resistance levels        : 5051,5064,5076

MCX Crude oil  Down side breakout point          :4985(Sell Comes below  that point)

MCX Crude oil  Technical Support levels             :4972,4961,4952

Friday(01.03.2013)MCX Crude oil Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
CRUDEOIL
19-Mar-13
5071
5071
4996
5010
CRUDEOIL
19-Apr-13
5110
5110
5045
5058


MCX Natural Gas

Natural Gas trading 50 cents lower than Friday MCX Closing level.

Friday(01.03.2013) MCX Natural Gas Closing price 192.2.MCX Natural Gas Chart looks weak in trend if Market opens below 190.80.

MCX Natural Gas Technical levels

MCX Natural Gas Upper side breakout point      :192.50(Buy Comes above that point)

MCX Natural Gas Technical Resistance levels     : 193.10,194.20,195.40

MCX Natural Gas Down side breakout point      :190.70(Sell Comes below that point)

MCX Natural Gas Technical Support levels         :189.90,188.80,187.90

Friday(01.03.2013)MCX Natural Gas Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
NATURALGAS
25-Mar-13
191.4
194.5
190.8
192.2
NATURALGAS
25-Apr-13
195.5
198
194.5
195.9
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Posted by Vruksha Financial Planners at 10:02
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