Tuesday, 5 March 2013

MCX Market view for 05.03.2013



MCX Gold
International Gold trading nearly 5 dollars Higher than Yesterday  MCX closing price.Gold Trading higher due to investors expectation of major central banks to continue to loose monetary policy at meetings this week, supporting bullion's appeal as a hedge against inflation.
Yesterday Gold fell because of Gold Exchange Traded Funds exits dragged the price down.Gold holds the support at 1564 in International market.Once Gold trades above 1582,some bounce may possible.

 Yesterday(04.03.2013) MCX Gold Closing price 29668.MCX Gold Looks weak in trend.
MCX Gold Technical levels

MCX Gold Upper side breakout point             :29745(Buy Comes above this point)

MCX Gold Technical Resistance levels           :29792,29857,29891

MCX Gold Down side breakout point             :29558(Sell Comes below this point)

MCX Gold Technical Support levels                :29514,59491,29464

Friday(04.03.2013)MCX Gold Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
GOLD
5-Apr-13
29770
29770
29606
29668
GOLD
5-Jun-13
30269
30295
30146
30211
GOLD MINI
5-Mar-13
29441
29519
29353
29407
GOLD MINI
5-Apr-13
29730
29770
29615
29680


MCX Silver

Silver trading 15 cents Higher than Yesterday MCX closing price.Silver may turn buying trend,once it break 28.65 in International market.

Friday(04.03.2013) MCX Silver Closing price 54820.MCX Silver Looks weak in trend as per daily chart.
MCX Silver Technical levels

MCX Silver Upper side breakout point          :55210(Buy Comes above this point)

MCX Silver Technical Resistance levels        :55332,55534,55724

MCX Silver Down side breakout point          :54540(Sell Comes below this point)

MCX Silver Technical Support levels            :54424,54372,54286

Friday(04.03.2013) MCX Silver Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
SILVER
5-Mar-13
54240
54240
53587
53801
SILVER
4-May-13
55008
55189
54600
54820
SILVER MINI
30-Apr-13
54950
55142
54652
54852
SILVER MINI
29-Jun-13
56055
56425
55950
56126
SILVER MICRO
30-Apr-13
54950
55145
54652
54855
SILVER MICRO
29-Jun-13
56230
56400
55926
56133

MCX Crude Oil

Crude Oil trading 60 cents Higher than yesterday MCX Closing level.Crude Oil looks weak in trend,but likely to change in Buying trend.

Friday(04.03.2013) MCX Crude oil Closing price 4951.Crude Oil Looks weak trend  as per MCX Daily Chart.

MCX Crude Oil Technical levels

MCX Crude oil Upper side breakout point          :4979(Buy Comes above this point)

MCX Crude oil  Technical Resistance levels        : 4993,5002,5011

MCX Crude oil  Down side breakout point          :4935(Sell Comes below  this point)

MCX Crude oil  Technical Support levels             :4923,4914,4905

Friday(04.03.2013)MCX Crude oil Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
CRUDE OIL
19-Mar-13
5010
5010
4943
4951
CRUDE OIL
19-Apr-13
5062
5062
4990
5001


MCX Natural Gas

Natural Gas trading 10 cents higher than yesterday MCX Closing level.Chart looks positive.

Friday(04.03.2013) MCX Natural Gas Closing price 195.60.

MCX Natural Gas Technical levels

MCX Natural Gas Upper side breakout point      :196.40(Buy Comes above that point)

MCX Natural Gas Technical Resistance levels     : 197.10,198.30,199.20

MCX Natural Gas Down side breakout point      :193.50(Sell Comes below that point)

MCX Natural Gas Technical Support levels         :192.80,192.10,191

Friday(04.03.2013)MCX Natural Gas Bhav Copy for Data Reference
Commodity
Contract
Open
High
Low
Close
NATURALGAS
25-Mar-13
191.3
195.9
188.4
195.6
NATURALGAS
25-Apr-13
194.6
199.3
192.2
199

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Posted by Vruksha Financial Planners at 09:38
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