MCX India Commodity Outlook & Intraday Trading Tips – 21 May’2013

GOLD MCX JUN:

Gold trading projected high range for the day is 26206-26689

Gold trading projected low range for the day is 25990-25507

Major Resistance on upside at 26483-26894-27305

Trend Deciding Level at 25928

Major Support on downside at 25117-24962-24551

SILVER MCX JUL:

Silver trading projected high range for the day is 43757-45529

Silver trading projected low range for the day is 43059-41287

Major Resistance on upside at 44759-46299-47839

Trend Deciding Level at 42754

Major Support on downside at 41214-39209-37669

CRUDE MCX JUNE:

Crude trading projected high range for the day is 5361-5413

Crude trading projected low range for the day is 5332-5280

Major Resistance on upside at 5392-5434-5475

Trend Deciding Level at 5330

Major Support on downside at 5289-5228-5186

COPPER MCX JUNE:

Copper trading projected high range for the day is 410-416

Copper trading projected low range for the day is 407-402

Major Resistance on upside at 414-418-422

Trend Deciding Level at 407

Major Support on downside at 403-396-392

NICKEL MCX MAY:

Nickel trading projected high range for the day is 830-840

Nickel trading projected low range for the day is 823-813

Major Resistance on upside at 836-844-852

Trend Deciding Level at 824

Major Support on downside at 816-803-795

LEAD MCX MAY:

Lead trading projected high range for the day is 113-114

Lead trading projected low range for the day is 111-110

Major Resistance on upside at 114-115-116

Trend Deciding Level at 111.19

Major Support on downside at 111-109-108

ZINC MCX MAY

Zinc trading projected high range for the day is 102-103

Zinc trading projected low range for the day is 101-100

Major Resistance on upside at 102-103-104

Trend Deciding Level at 101

Major Support on downside at 100-99-98

NATURAL GAS MCX MAY:

Natural Gas trading projected high range for the day is 228-230

Natural Gas trading projected low range for the day is 229-228

Major Resistance on upside at 229-231-233

Trend Deciding Level at 227.20

Major Support on downside at 226-224-222

MENTHA OIL MCX MAY:

Mentha Oil trading projected high range for the day is 963-979

Mentha Oil trading projected low range for the day is 946-930

Major Resistance on upside at 974-985-996

Trend Deciding Level at 951.50

Major Support on downside at 941-919-908

TODAY INTRADAY CALLS TO WATCH:

CRUDE OIL MCX JUNE SELL BELOW 5347 SL 5378 TGT 5317-5298

COPPER MCX JUNE SELL BELOW 408 SL 411.50 TGT 404.50-402.50

TODAY MAJOR ECONOMIC RELEASES:-

DATE

TIME

REGION

EVENT

PERIOD

SURVEY

PRIOR

21-05-2013

11:30

GE

Producer Prices (MoM)

Apr

-0.10%

-0.20%

21-05-2013

14:00

UK

CPI (MoM)

Apr

0.40%

0.30%