WEEKLY OVERLOOK OF MCX MARKET

crude oil  ALLMOST 1TG HIT @2540!!!

      BUY ZINC ABOVE 107 TG 109,111 SL 105

International   markets are currently trading on a good position as  US MARKET AND EUROPE MARKET is seen in red whereas ASIAN MARKET is to be watched in green except STRAIT TIMES,KOSPI,SHANGHAI COMPOSITE. on other hand  the Multi Commodity Exchange ( MCX);  bullion’s base metal and energy have gained although  CRUDEOIL (energy) is only the one which is to be watched in red signals.

Gold prices down by 0.99 per cent on Friday. As investors continued  for the FOMC meting, unemployment rate, NG&CRUDE INVENTORIES

Gold futures for February 2016 contract, at MCX, were trading at Rs. 25060  per 10 grams, down by 1.00per cent after opening at Rs. 25,123 against the previous closing price of Rs. 25067 . It touched the weekly low of Rs. 24855 on Thursday market after natural gas inventories released..

Copper futures for febuary2016 contract, at MCX, made weekly high with rate of 318.85. And touched the low of 307.50 on Tuesday’s market and given a return on rallies.

Else above from these, energy sector  had given much high return among all the three segments (bullion, base metal energy) on both crude oil as well as natural gas . NATURAL GAS had increased  from 134 to 157 cover of  24points return in a week for buyers. whereas crude oil  has given return on rallies from 2497 to 2480.

Upcoming week of market session will remain in buying   session also there are so many results to announce in a new year with inventories

Gold resistance 25299,25450,25700 support 24850,24700,245500

Copper resistance 319,324,328 support 312,308,305

Lead resistance 121,124,127 support 115,114.50,112