Tuesday, 15 September 2015

Best and Free Mcx and Commodity Tips Provider

MCX Sep Crude oil has given a breakdown from the “running triangle” chart pattern on intraday charts and ended down by 2.50% on d-o-d basis. This signifies for a continuation of bearish trend in coming sessions towards 2863 & 2807 levels. Hence, any pullback will be restrict at triangle support turned as a resistance now at 2945 levels and bring some selling pressure from the same.

Finally MCX Sep Zinc has provided a breakdown from the consolidation phase support at 118.40 levels and managed to settle well below the same. This indicates that the bearish trend is intact and is likely to drag the prices further down towards 115.30 & 114.10 levels.

NCDEX Chana Oct expiry contract has continued maintain its negative bias in the past session and ended down by 4% on daily charts. Currently prices are facing an immediate support at 4330 levels and on sustainable break below the same will extend the fall towards 4873 levels, where as an resistance resides at 4400 levels.

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