WEEKLY COMMODITY OUTLOOK

MCX Gold futures were ended at 26740 down from as 27039.The Moving Average is above the closing price. The RSI is in

neutral zone. The averages in MACD are above the zero line and negative cross over.MCX Gold further upside is expected.

The support seen at 26258 and resistance is 27496

MCX silver futures were ended at 36249 down from 37414.The Moving Average is above the closing price. The RSI is in

neutral zone. Averages in MACD are below the zero line and negative cross over. The MCX Silver may test resistance and

fall. The support seen at 35592 and resistance at 37934.

MCX Copper futures were ended at 398 down from 410.The Moving Average is above the closing price. The RSI is in

neutral zone. The averages in MACD are below the zero line and negative cross over.MCX Copper may test support and

rise. The support is 389.60 and resistance 410.80

MCX Nickel futures were ended at 944 down from as 969.The Moving Average is above the closing price.The RSI is in

neutral zone and negative cross over .The MACD are below the zero line and negative cross over. The MCX Nickel Further

fall is expected.The support seen at 898.80 and resistance 1043.60

MCX Crude oil Futures registered Four years low on Friday at 3323.The Moving Average indicates the market is weaken.

RSI is tested oversold Zone and now it recovered. The averages of MACD are below the Zero line and negative cross

over.The MCX Crude oil Retracement is expected. The support seen at 3074 and resistance is 3738.

MCX Lead futures are traded range bound in past two trading weeks. The Moving Average is indicating market may

strenthen.The RSI tested zone tested over sold range and now it recovered. The averages in MACD are below the zero line

and negative cross over. The MCX Lead Support seen at 111.80 and resistance is 126.30.

MCX Aluminium futures ended at 115 down from 117.The Moving Average indicator is above the previous closing price.The

RSI is in oversold range. The MACD is below the Zero line and positive cross over.The MCX Aluminium further fall is

expected . The support is 110.35 and resistance 123.90.

MCX Zinc futures are trading in range bound. The Moving Average is support the market to take off upside. The RSI

heading towards the overbought zone. The averages in MACD are now at zero level. The MCX Zinc may test resistance and

fall. The Support seen at 132.70 and resistance is 142.30

MCX Natural gas are tested 180 range and now recovered in previous week.The Moving average indicator shown market is

weak zone.The RSI tested zone is oversold zone and recovered.The averages in MACD are above the zero line and

negative cross over. The MCX Natural Gas further upside is expected.The support seen at 182.60 and resistance 220.30

*chart source- www.bazaartrend.com