Natural gas futures: Retain the shorts

[ad_1] Natural gas futures (April contract) on the Multi Commodity Exchange (MCX) fell off the resistance band of ₹158-160 last week. It closed at ₹141.2 on Tuesday. Thus, the contract has slipped below support at ₹142.Going ahead, we expect natural...

Aluminium Futures: Uptrend intact. Go long

[ad_1] Aluminium price has been volatile so far this week. The Aluminium futures (April) contract on the Multi Commodity Exchange (MCX) fell sharply from a high of ₹209.50 per kg to a low of ₹206.30 on Tuesday. From there, the...

Lead futures: Buy on a breakout

[ad_1] Lead futures (March contract) on the Multi Commodity Exchange (MCX), last week, found support at ₹177.50 and moved up. On Tuesday, it closed at ₹181.60. The contract is now facing a resistance between ₹182 and ₹182.50. The 50-day moving...

Aluminium futures could extend the upside

[ad_1] Aluminium futures on the Multi Commodity Exchange (MCX) bounced off ₹198 last week. On Monday, it closed at ₹202.05, which has also lifted the contract above the 20-day moving average (DMA). Thus, the bullish bias is retained by aluminium...