1 Feb 2013

MCX Bhav Copy/Historical data for Reference

The principles of technical analysis are derived from hundreds of years of financial markets data.

Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.

Market price Action due to History repeats itself that is Future price is the repetition of past prices.

So,knowing Past trading data s helpful tool for predicting Future price movement.Its applicable for MCX Commodity Trading too. Historical High s and lows are the Support & Resistances for the Future.MCX Bhav copy very useful for finding Support & Resistances.

MCX Gold: 

November '2012 MCX Gold             High    32464  
November '2012 MCX Gold             Low     30366

December '2012 MCX Gold             High    31559  
December '2012 MCX Gold             Low    30370

January '2013    MCX Gold              High    31191 
January '2013    MCX Gold              Low     29794

MCX Silver

November '2012 MCX  Silver           High    64142 
November '2012 MCX  Silver           Low     57400

December '2012 MCX  Silver            High    63440 
December '2012 MCX  Silver            Low     57223

January '2013    MCX  Silver             High    59974
January '2013    MCX  Silver             Low     56805

MCX Crude Oil 
 

November '2012 MCX  Crude Oil       High    4941
November '2012 MCX  Crude Oil       Low     4593

December '2012 MCX  Crude Oil        High    5040
December '2012 MCX  Crude Oil        Low     4652

January '2013    MCX  Crude Oil         High   5248
January '2013    MCX  Crude Oil         Low    5020

MCX Copper 
 

November '2012 MCX  Copper        High    436.35
November '2012 MCX  Copper       Low      412.65

December '2012 MCX  Copper         High    450.45
December '2012 MCX  Copper         Low     432.15

January '2013    MCX  Copper          High   454.65
January '2013    MCX  Copper           Low    434.50

MCX Trading Tips 

 As conclude from the MCX Bhav Copy,  
  • MCX Gold & Silver are in downtrend,Every month High & Low  s are reducing.
  • In MCX Gold another thing to note is it made low 30370(December)30366 (November),so Strong Support at 30360.Once it break Fallen in Big level.
  • MCX Crude Oil and Copper are in Uptrend,Highs and low s are increasing.

These data s are too helpful for Buy on Dips/Bottom Fishing trading techniques/Strategy to finding bottoms/fixing stop loss.

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