MCX Daily Report (12 April 2013)

MCX Commodity Daily Report!!!

12th April 2013, Friday

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MCX Daily Report (12 April 2013)

MCX BULLIONS TECHNICAL LEVELS

GOLD MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX GOLD

JUSTIFICATION

SUPPORT: Immediate Strong Support @29050 AND 28750 RESISTANCE: Immediate Resistance @29300 AND 29880 Comments: GOLD MCX has support around 29050 and short position should be initiated if Gold MCX sustains below 29050 for Target 28750 with Stop loss 29250. On the upside Resistance Lies at 29300 and 29880. Also initiate short position around Resistance level around 29270-29300

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MCX Daily Report (12 April 2013)

MCX BULLIONS TECHNICAL LEVELS

SILVER MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX SILVER

JUSTIFICATION

SUPPORT: Strong Support @ 50600-50700 Immediate support @51400 RESISTANCE: Immediate Resistance @52400-52500 Comments: Silver MCX has immediate trend line support around 51400 and if SILVER MCX trades below 51400 one can initiate short position for Target 50500. Also Strong Support lies at 50500 Positional Traders initiate long position around 50500. On upside strong Resistance lies @52400-52500

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MCX Daily Report (12 April 2013)

MCX ENERGY TECHNICAL LEVELS

CRUDEOIL MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHARTS MCX CRUDEOIL

JUSTIFICATION

SUPPORT: Immediate Support @5055 and Strong Support @4930 RESISTANCE: Immediate Resistance @5145 and strong Resistance @5285 Comments: Crude Oil MCX is trading in a range between 5145 on upside and 5055 on the lower side. Break out of this range can take Crudeoil towards next support or resistance. Risky Traders can Trade between this range till break out.

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MCX Daily Report (12 April 2013)

MCX ENERGY TECHNICAL LEVELS

NATURAL GAS MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHARTS MCX NATURAL GAS

JUSTIFICATION

SUPPORT: Immediate Support @221.30 RESISTANCE: Immediate Resistance @227.50 Comments: Natural Gas MCX strong trend line support lies around 221.30 and Immediate Resistance lies @227.50 If Sustains above 227.50 may head towards Major Resistance level around 235-236.

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MCX Daily Report (12 April 2013)

MCX METALS TECHNICAL LEVELS

NICKEL MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX NICKEL

JUSTIFICATION

SUPPORT: Immediate Support @870 and Major Support @845 RESISTANCE: Immediate Resistance @895 & Major Resistance 935 Comments: NICKEL MCX is trading in a Range between870 and 895 and best strategy to trade NICKEL MCX can be to sell on rise around resistance levels and buy on dips around support levels. Break out of this range will need new strategy to trade on NICKEL MCX.

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MCX Daily Report (12 April 2013)

MCX METALS TECHNICAL LEVELS

COPPER MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX COPPER

JUSTIFICATION

SUPPORT: Immediate Support @408 and Next Strong Support @401 RESISTANCE: Immediate Resistance @415 and Next Resistance @420.30 Comments: COPPER MCX is trading in sideways and trading should be avoided. Trade should be initiate only if it approaches Important Levels that are marked on Chart above.

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MCX Daily Report (12 April 2013)

MCX BASE METALS TECHNICAL LEVELS

LEAD MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX LEAD

JUSTIFICATION

SUPPORT: Immediate Strong Supports @112.10 and 110.80 RESISTANCE: Immediate Resistance @113.70 and 114.50 Comments: LEAD MCX is trading in down trend and immediate strong support @110.80. If breaks 112.10 may head towards 110.80 and on upside immediate resistance @113.70

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MCX Daily Report (12 April 2013)

MCX BASE METALS TECHNICAL LEVELS

ZINC MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX ZINC

JUSTIFICATION

SUPPORT: Immediate Support @101.30 And Major Daily support @100.30 RESISTANCE: Resistance @104.30 Comments: ZINC MCX trading in a range between 104.30 on upside and 101.30 on lower side. Traders can Trade between this range with strategy to buy on dips around support levels and sell on rise around resistance levels.

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MCX Daily Report (12 April 2013)

MCX BASE METALS TECHNICAL LEVELS

ALUMINIUM MCX FOUR HOUR CHART & LEVELS

FOUR HOUR CHART MCX ALUMINIUM

JUSTIFICATION

SUPPORT: Immediate Strong Daily Support 100.50 RESISTANCE: Resistance @104.10 Comments: ALUMINIUM MCX like other base metals trading in a range and a lower side break down would lead further correction in Aluminum.

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MCX Daily Report (12 April 2013)

TODAYS ECONOMIC DATA

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MCX Daily Report (12 April 2013)

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