Tuesday, September 18, 2018

mcx update


Natural Gas –Sept.  304.
 Unable to cross as mentioned in this column 205-206 level and finally closed below 200 mark. Now time to sell side, however strong support around 195 and major support 190 level watch out in near term.
Some Technical Indicators:

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range - MCX
207
199
199.70
203.22
202.46
198.50
197
189
52 Week Range - MCX
209.40
185.70

52 Week Range COMEX
3.61
2.53
2.766
2.809
2.808
2.844
2.863
2.835

Aluminum –Sept.  146.35
On a weekly chart top have been around 150-152 range and till not cross do not think any positive side, lower side support 144-140-138 watch out. Sell on rise strategy.
  
Some Technical Indicators :

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range - MCX
151.60
143.95
145
146.80
147
143.50
148.40
144
52 Week Range - MCX
175.25
136.50

52 Week Range COMEX
2715
1978
2036
2055
2060
2067
2158
2160

ZINC -  Sept.  168.70
We are bearish below 180 and more bearish once it was break 170 mark.  Over any rise to sell side.  Ready to big fall in coming days as in Comex near to 52 week low.   Big fall on card in coming days.

Some Technical Indicators :

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range - MCX
176
166
166.30
169.80
172.30
176.26
191.70
203.40
52 Week Range - MCX
198
164.60

52 Week Range COMEX
3595
2285
2309
2350
2388
2508
2775
3048

LEAD – Sept. 149.80
Higher level selling pressure continue with consider resistance 150-152 range and remain below sell side.
Some Technical Indicators:

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range - MCX
151.20
142
146.50
145.50
146.87
146.81
154.80
157.70
52 Week Range - MCX
170
137.25

52 Week Range COMEX
2685
1922
2037
2021
2046
2110
2255
2372

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