Weekly commodity outlook 29.06.2015

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WEEKLY COMMODITY OUTLOOK

Transcript of Weekly commodity outlook 29.06.2015

WEEKLY COMMODITY OUTLOOK

MCX Gold futures were ended negatively compared to previous week. It was ended at 26532.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 Gold further may test low side is expected. The support seen at 23890

and resistance is 28580.

MCX Silver futures were ended at 35971.It was ended at negatively. The Moving Average is above the

closing price. The RSI tested zone is moving towards to overbought zone. Averages in MACD are below the

zero line and negative cross over .It may Further downside is expected. The support seen at 34620 and

resistance at 38550.

MCX Copper futures were traded at negatively on last trading day is 371.35. The Moving Average is Nearly

below the closing price. The RSI tested is neutral zone. The MACD are below the zero line and negative

crossover. Copper further upside is expected .The support is 362 & resistance 380

.

MCX Nickel futures were traded at 789.60 on final trading day.The nickel futures were traded negatively

compared to previous week.The Moving Average is above the closing price.The RSI is in neutral zone.The

MACD are below the zero line and negative cross over. The MCX Nickel futures further upside is

exepected.The support seen at 770 and resistance 830.

MCX Crude oil Future was traded at 3815. The crude oil was ended at positively compared to previous week. The Moving average is above the closing price. The RSI tested zone is Neutral. The MACD are above the zero line and Positive cross over. The MCX Crude oil further upside is expected. The support 3620 and resistance 3980.

MCX Lead future was traded at negatively compared to previous week. The lead finally traded at 112.30. The Moving

average is above the closing price. The RSI tested zone moving towards to overbought zone. The MACD is below the zero

line and negative cross over. The MCX lead further downside is expected. The support is 105 and resistance is 125.

MCX Aluminium futures were ended at 106.10 in last trading day and it was ended at negatively compared to prevoius

week. The moving average is above the closing price. RSI tested zone is over bought zone. The MACD is below the zero

line and negative cross over. Aluminium future further downside is expected. The support is 101 and resistance is 112.80.

MCX Zinc Future were traded at 128.60. Zinc Future was ended at negatively compared to previous week. The Moving

average indicator is above the closing price. The RSI is moving towards to overbought zone. The MACD are below the zero

line and negative cross over. The MCX Zinc further downside is expected. The support seen at 125 and resistance 140.

MCX Natural gas Future were traded at 178.10. Natural gas Future were ended at positively compared to previous week.

The Moving average is above the closing price. The RSI tested zone is Neutral. The MACD are above the zero line and

Positive cross over. The MCX natural gas further downside is expected. The support 165 and resistance 184.80.

*chart source- www.bazaartrend.com