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MTECHTIPS: MCX INTRDAY TRADING ANALYSIS FOR GOLD 10-09-2012 Mcx gold oct future on Saturdays half session closed at 31966 with loss of 0.27%.mcx gold almost hit 32,000 life time high level.2 weeks back buy suggested at 30,200 for target 30,800 and 31,660 and both targets achieved. on daily weekly level is now at 31,660 below that monthly level at 31,000 while last 3 month level is 30,300. this rally started at 29,400 and high made 32,000.total 2600 points rally if here correction happen which will be 1/3 to 2/3 then targets comes at 31,100 then 30,300.traders in gold now play only for intraday while positional traders stay short in gold guinea and goldmine side.

MTECHTIPS: MCX INTRDAY TRADING ANALYSIS FOR SILVER 10-09-2012

Mcx silver dec 2012 expiry future closed at 63875 with loss of 0.29%.this week silver futures rallied almost 6.5% from low to highs. since last 2 weeks we suggested all targets achieved by silver future. for next week ,silver future has major supply points or resistances at 65,500 and then zone of 67,50068000.silver future still have potential to touch 68,000 as weekly and monthly level shows. mcx silver future weekly level now at 62,400 below that 58,500 is monthly level and then 56,000 is final short term support of 3 month level.

MTECHTIPS: MCX INTRDAY TRADING ANALYSIS FOR CRUDE 10-09-2012

Mcx crude oil sep future closed at 5379 on Saturday half trading session. on daily above weekly level which reflect strong bullish momentum and demand of this commodity. in next week crude oil prices may rally like silver as qe3 speculation is rising. 5340 is crude oil weekly level support below that month average comes at 5280 and below that 3 month level of 5110. mcx crude oil indicators given bullish reversal sign!! for next week traders should watch upside resistances of 5425-5550 and 5640 while on downside above averages will act as supports.

MTECHTIPS: MCX INTRDAY TRADING ANALYSIS FOR COPPER 10-09-2012

Mcx copper future of nov expiry closed at 447.25 with gains of 0.10%.this week copper futures rallied 5%+ from low to highs!! closed way above weekly level of 440 which suggest rising demand pressure from market. as Chinese stock market recovered from historic lows, copper also came above major resistance zone 444.now next major supply zone is 464 which was historic record high level of copper future. on daily chart trend and momentum is strong bullish like silver future. weekly level is at 440 below that 429 is monthly and 424 is 3 month level level and they are now support zones for this rally. on upside 450 and 454 and then 464 are resistance zone from short traders point of views. fundamental related news from china and short covering rally in Chinese market may boost underperforming copper prices.

MTECHTIPS: MCX INTRDAY TRADING ANALYSIS FOR ZINC 10-09-2012 Mcx zinc sep expiry future closed at 108.1 . on daily chart trend is still down as closed below 3 month level of 112.0 on downside 104.0 is major short term support where monthly and weekly level are coming. mcx zinc indicators looks bullish . for next week mcx zinc technical resistance levels are 109.0 and 111.5 while on downside 105 and 102 are technical supports. our view on zinc for short term is negative.

MTECHTIPS: MCX INTRDAY TRADING ANALYSIS FOR LEAD 10-09-2012 Mcx lead sep expiry future last closing price was 116.2. after hitting highs near 110 lead future started to consolidate and correct. mcx lead future closed just below weekly level but still way above monthly and 3 month level so trend is up and momentum is also on buying side but indicators are now started to comes down from overbought area. in next week lead prices may correct upto 115 to 116! for next week mcx lead sep future resistance levels are 118 and 119.95 while on downside supports are 113 and 111.2.

MTECHTIPS: MCX INTRDAY TRADING ANALYSIS FOR NICKEL 10-09-2012 Mcx nickel sep expiry future closed at 910 with gains of +0.08% on Saturdays half trading session.as compared to base metals nickel still underperforming on supply in market. on daily level 910-922 is range where market supply comes in huge strength. so nickel below this supply zone remain flat to negative. on daily level and trend is up but momentum still flat to negative. 905 is weekly level below that 898 is 3month level and 895 is monthly level and all these now support for next week. on upside 920 and 940 are resistances on daily level.

MTECHTIPS: MCX INTRDAY TRADING ANALYSIS FOR NGAS 10-09-2012

Mcx natural gas sep expiry future closed at 147.9 on Saturday half trading session. natural gas price came above 3 month level which signals demands on lower levels. for next week above 153 natural gas will remain bullish. for next week, traders should expect resistances at 153 and 158 while on downside 140-136 are multiple average support zone and then 145 and 140 are technical support zone.