MCX Gold
MCX Gold made a loss of Two Percent,nearly 673 points in last week.In International market Gold Holding Support at 1552.Once it break 1546 will be next Strong support.
Gold Fell Due to U S Fed's Monetary Policy tightening News,SPDR Gold Trust Holding Reduction,Hedge Fund s Liquidation are the last week major news highly impacted Gold Price.Gold Price recovered from lows due to negative U S manufacturing data makes U S Dollar weakening.
Gold Fell Due to U S Fed's Monetary Policy tightening News,SPDR Gold Trust Holding Reduction,Hedge Fund s Liquidation are the last week major news highly impacted Gold Price.Gold Price recovered from lows due to negative U S manufacturing data makes U S Dollar weakening.
MCX Gold Closing price 29487.MCX Gold Likely to trade in the range of 30290-28734 this week.MCX Gold Weekly Chart looks weak,Daily Chart little positive.But Indian Rupee(USDINR)Strengthens makes Gold trade lower.
Budget is coming on Thursday(28.02.2013),During Budget times,MCX Gold trading on heavy volatile.Last Year also Gold Gave Huge Spike during Budget.
Budget is coming on Thursday(28.02.2013),During Budget times,MCX Gold trading on heavy volatile.Last Year also Gold Gave Huge Spike during Budget.
MCX Gold Weekly Technical Levels
MCX Gold Upper side breakout point : 29790(Buy Comes above this point)
MCX Gold Weekly Technical Resistance Levels :29892,30140,30290
MCX Gold Down side breakout point :29240(Sell Comes below this Point)
MCX Gold Upper side breakout point : 29790(Buy Comes above this point)
MCX Gold Weekly Technical Resistance Levels :29892,30140,30290
MCX Gold Down side breakout point :29240(Sell Comes below this Point)
MCX Gold Weekly Technical Support Levels :29124,28969,28734
MCX Gold Technical Range/Levels for Feb'25-Mar'02 Projection :30290-28734
MCX Gold Fibonacci Trading Range for Feb'25-Mar'02 Projection :30550-28987
MCX Silver Closing Price 53304.MCX Silver made loss of nearly 5 % (4.96) last week.MCX Silver Looks weak In MCX weekly Chart.
MCX Silver Upper side breakout point : 53750(Buy Comes above this point)
MCX Silver Weekly Technical Resistance Levels :53970,54370,54860
MCX Silver Down side breakout point :52940(Sell Comes below this Point)
MCX Silver Weekly Technical Support Levels :52720,52569,52130
MCX Silver Technical Range/Levels for Feb'25-Mar'02 Projection :54860-52130
MCX Silver Fibonacci Trading Range Feb'25-Mar'02 Projection :57322-52169
MCX Crude Oil
MCX Crude Oil Closing Price 5069.MCX Crude Oil Looks weak in MCX weekly chart.
MCX Crude Oil Upper side breakout point :5106(Buy Comes above this point)
MCX Crude Oil Weekly Technical Resistance Levels :5134,5176,5224
MCX Crude Oil Down side breakout point : 5034(Sell Comes below this Point)
MCX Crude Oil Weekly Technical Support Levels :5005,4969,4937
MCX Crude Oil Trading Range for Feb'25-Mar'02 Projection :5224-4937
MCX Crude Oil Fibonacci Trading Range Feb'25-Mar'02 Projection :5356-4973
MCX Natural Gas
MCX Natural Gas Closing Price 177.7.Natural Gas positive on weekly chart,but weak on Daily Chart.In International Natural gas opens above 3.270,looks positive.
Natural Gas holds Support at 170.90.
MCX Natural Gas Weekly Technical LevelsNatural Gas holds Support at 170.90.
MCX Natural Gas Weekly Upper side breakout point :179.10(Buy Comes above this point)
MCX Natural Gas Weekly Technical Resistance Levels :180.80,184.60,186.30
MCX Natural Gas Weekly Down side breakout point : 174.30(Sell Comes below this Point)
MCX Natural Gas Weekly Technical Support Levels :171.30,168.70,166.30
MCX Natural Gas Trading Range for Feb'25-Mar'02 Projection :186.30-166.30
MCX Natural Gas Fibonacci Trading Range Feb'25-Mar'02 Projection :185.70-167.90
MCX Commodity Last week(Feb'18-Feb'22'2013) Bhav CopyData for reference
Commodity
|
Open
|
High
|
Low
|
Close
|
Gold
|
30215
|
30275
|
29263
|
29487
|
Silver
|
56215
|
56415
|
53077
|
53304
|
Crudeoil
|
5251
|
5289
|
5041
|
5069
|
Natural Gas
|
171.5
|
182.6
|
171.1
|
177.7
|
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