The MCX Daily Report for April 16, 2013 provides technical analysis and levels for various commodities trading on the MCX exchange. Gold and silver are expected to find support around Rs. 25,420 and Rs. 43,520 respectively, while facing resistance at Rs. 26,520 and Rs. 46,000. Crude oil support is at Rs. 4,790 and resistance at Rs. 4,930. Copper support is at Rs. 386 with resistance at Rs. 396 and 400. Lead is supported at Rs. 107.70 and facing resistance at Rs. 111.10. Traders are advised to sell on rallies or breaks below support levels.

1. MCX Daily Report (16 April 2013)
MCX Commodity Daily Report!!!
16th April 2013, Tuesday
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2. MCX Daily Report (16 April 2013)
MCX BULLIONS TECHNICAL LEVELS
GOLD MCX DAILY CHART & LEVELS
DAILY CHART – MCX GOLD
JUSTIFICATION
SUPPORT: Immediate Strong Support @25420 and Next Strong Support @23375
RESISTANCE: Immediate Resistance @26520
Comments:
GOLD MCX has cracked in previous trading day i.e. on Monday and there seem to be no strong support around
25420 levels. The Next support on the downside is @233375. Stay Caution and sell on Rise around 26520 and also
below 25400 Sell Gold MCX.
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3. MCX Daily Report (16 April 2013)
MCX BULLIONS TECHNICAL LEVELS
SILVER MCX DAILY CHART & LEVELS
DAILY CHART – MCX SILVER
JUSTIFICATION
SUPPORT: Immediate Support @43520 and Next Strong Support @41450
RESISTANCE: Immediate Resistance @46000 and Next Strong Resistance @48600
Comments:
Silver MCX has immediate trend line support around 51400 and if SILVER MCX trades below 51400 one can initiate
short position for Target 50500. Also Strong Support lies at 50500 Positional Traders initiate long position around
50500. On upside strong Resistance lies @52400-52500
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4. MCX Daily Report (16 April 2013)
MCX ENERGY TECHNICAL LEVELS
CRUDEOIL MCX DAILY CHART & LEVELS
DAILY CHARTS – MCX CRUDEOIL
JUSTIFICATION
SUPPORT: Immediate Support @4790 and Strong Support @4600
RESISTANCE: Strong Daily Resistance @4930
Comments:
Crude Oil MCX is has also broken all critical Support Levels and seem to be touching lower levels. Sell on Any Rise or
Rally and also sell below 4970 for the Target @4600. As huge Sell off has already happen and now making any fresh
position will be risky.
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5. MCX Daily Report (16 April 2013)
MCX METALS TECHNICAL LEVELS
COPPER MCX DAILY CHART & LEVELS
DAILY CHART – MCX COPPER
JUSTIFICATION
SUPPORT: Immediate Support @386 and Next Major Support @375
RESISTANCE: Immediate Resistance @396 and 400
Comments:
COPPER MCX if breaks levels of 386 and sustains below it. May head towards lower levels @375. Any Bounce
towards Resistance @396 and @400 will be Selling opportunity. Positional Traders can Initiate Short Position With
Stop loss @412
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6. MCX Daily Report (16 April 2013)
MCX BASE METALS TECHNICAL LEVELS
LEAD MCX DAILY CHART & LEVELS
DAILY CHART – MCX LEAD
JUSTIFICATION
SUPPORT: Immediate Strong Supports @107.70
RESISTANCE: Immediate Resistance @111.10
Comments:
LEAD MCX can bounce as base metal looks stronger compared with precious metals but Market as a whole is trading
in downwards trend and any bounce towards 111.10 will be selling opportunity. Panic Selling Expected.
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7. MCX Daily Report (16 April 2013)
TODAYS ECONOMIC DATA
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8. MCX Daily Report (16 April 2013)
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9. MCX Daily Report (16 April 2013)
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