commodity forecast for 2 april 2013

commodity forecast for 2 april 2013

 

free mcx gold silver tips

mcx gold april future today closed at 29490 with gains.in intraday mcx gold future made low at 29360 while intraday high price was 29519.on chart trend is down but momentum is on recovery side.watch 29500 here if opens above it and hold then go long for intraday targets of 29650 to 29740.eod trend will change above 29800 only on closing basis.

mcx silver future today closed at 52690 with loss.in intraday mcx silver future made high near 53250 while low was near 52500.here below 54000 levels hold sell on rise view,for intraday we an expect 51800 to 50500 on downside today high of 53300 remain trailing stoploss for now.

free mcx aluminium-copper-lead-nickel-zinc tips

mcx aluminium april future today closed at 104 with gains.in intraday mcx aluminium future hit low of 103.1 while intraday high was 104.1.on chart trend si down and momentum is on short covering side.here below 104.6 hold short view and expect 103-102 levels again.above 104.6 on closing basis trend will change on intraday chart.

mcx copper april future closed at 407.85 with loss.in intraday mcx copper future made high at 410 while intraday low was near 405.trend and momentum still strong bearish and for tomorrow below 412 hold short view and expect 402 to 398 levels on downside targets in intraday.

mcx lead april future closed at 114.95 with gains.in intraday mcx lead future made low at 113.85 while high was 115.25 and closed near high.here above 113 major support hope for outperformance and rally upto 117-118.below 113 may show deep downside.

mcx nickel april future closed at 911 with loss.in intraday mcx nickel future made high at 914 while low was near 906.trend and momentum strong bearish and below 922 trend resistance hold sell on rise view and expect 898 to 880 as downside targets in intraday.

mcx zinc april future closed at 103.1 with gains.in intraday mcx zinc future made low at 102 while high was at 103.25 and closed near it on recovery rally.here trend and momentum both bearish and below 104 hold short view and expect 102-101 levels as downside targets.

free mcx crude oil-natural gas tips

mcx crude oil april future last closed at 5287 with heavy loss of 2%.in intraday mcx crude oil future made high at 5392 while low was at 5250.here trend and momentum still strong bullish and what we seen is profit booking and technical correction of rally.above 5280 on closing basis still expect 5350 to 5400 levels as targets.below 5250 may trigger deeper correction and opens 5050 to 4980 levels.

mcx natural gas april future last closed at 219.8 with loss.n intraday mcx natural gas future made high at 222 while low was 215.5.here above 215 hold long view and expect 226 to 228 as targets.below 215 correction will deepens and expect 205 to 198 levels.

The Author

Pramod Baviskar

Professional Financial Market Trader and Adviser Working since 2007 Developer of Trade-master™,Future-master™,Option-master™ and Signal-Pro™(Professional Trading system for Amibroker software) Working and Developing Auto-trading robots for various Financial Market. Follow Me on : Facebook-Twitter-Google-YouTube-Pinterest

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