WEEKLY COMMODITY OUTLOOK
MCX Gold futures were ended positively compared to previous week. It was ended at 26170.The Moving Average is below 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 support and rise. The support seen at 25607 and resistance is 27736.
MCX Silver futures were ended at 37809 The Moving Average is below the closing price. The RSI is in neutral zone. Averages in MACD are below the zero line and negative cross over .It may Further downside is expected. The support seen at 35847 and resistance at 39158
MCX Copper futures were traded at Range bound. The high trading range in this week is 387.The Moving Average is below the closing price. The RSI tested zone is Neutral. The averages in MACD are above the zero line and positive cross over.MCX Copper further upside is expected. The support is 357 and resistance 405.
MCX Nickel futures were traded at 877 in final trading day. The Moving Average is nearly below the closing price.The RSI is in neutral and market moving towards overbought zone.The MACD are below the zero line and negative cross over. The MCX Nickel futures further fall is exepected.The support seen at 847 and resistance 920.
MCX Crude oil Futures were traded at positively compared to previous week. It was ended at 2944. The Moving Average is below the Market closing price. RSI tested zone is neutral. The averages of MACD are below the Zero line and negative cross over. The MCX Crude oil may further upside is expected. The Ranges are upside 3533 and lower side 2720.
MCX Lead futures are traded 111.10 at last final trading day and it was ended negatively compared to previous week. The Moving Average is same as the closing price. The RSI tested zone was neutral. The averages in MACD are below the zero line and negative cross over. The MCX Lead Support seen at 106 and resistance is 114.10.
MCX Aluminium futures were ended at 111.50 in last final trading day and it was ended at nearly same as compared to previous week. The Moving Average indicator is below the closing price.The RSI tested is oversold zone and now it is neutral. The MACD is below the Zero line and negative cross over. The support is 109 and resistance 114 further upside is expected .
MCX Zinc futures were finally traded at 127.80.The Moving average indicator is below the closing price. The RSI tested zone is neutral. The averages in MACD are below the zero line and negative cross over. The MCX Zinc further upside is expected. The support seen at 124.90 and resistance 135.90
MCX Natural gas futures were traded at 175.50.Natural gas future were traded High on last trading day. The high price is 184. The Moving average indicator is nearly same as the closing price.The RSI tested zone is neutral and it moving towards oversold Zone.The averages in MACD are below the zero line.The MCX Natural gas further upside is expected.The support seen at 164 and resistance 196.
*chart source- www.investing.com