MCX Commodity Tips and Updates Today

Precious metals prices are trading a tad higher on COMEX today. We expect a further rise in the prices of precious metals on account of weak economic data from the US which raises hopes of the continuation of the existing loose monetary policy of the Federal Reserve. Buying at dips is recommended for the day.

Industrial metals prices are trading lower on international bourses today. We expect a further decline in the prices of industrial metals on account of a weaker than expected manufacturing data from US and China. Selling on rise is recommended for the day.

Crude oil prices are trading lower on NYMEX today. We expect a further decline in the prices of oil on account of an expectation of higher stocks at major ports. Selling on rise is recommended for the day.

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MCX Commodity Market Report Today 01 April 2013

Bullion: Gold futures were down on local bourses tracking the COMEX contracts which came under pressure after investors booked profits ahead of the long Easter weekend. Marginal gains in the rupee against the dollar also put pressure on local gold prices.

Metals: Base metals futures on MCX were trading lower tracking benchmark contracts on the London Metal Exchange, where prices declined on Eurozone economic concerns and profit booking ahead of the long weekend. Appreciation 

in rupee against the dollar also weighed on MCX base metal futures. A firm rupee makes import of dollar-denominated commodities cheaper.

Energy: Domestic crude oil futures were trading slightly higher due to bargain buying, but the upside was capped following a fall in benchmark contracts on the New York Mercantile Exchange and firm rupee against the dollar. NYMEX, crude oil futures declined today on Eurozone economic concerns and following a sharp rise in the US crude oil stocks.

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MCX Commodity Market News Updates Today 28 March 2013

Bullion: Gold futures were trading up on the local bourses tracking the COMEX futures that came under pressure after investors booked profits ahead of the Easter holidays this week. In the short term, the gold price is likely to be driven largely by news of developments in Cyprus. Silver futures were down on local exchanges due to weakness in COMEX futures. On COMEX, silver futures fell tracking the weakness in base metals. 

Metals: Base metals on MCX were trading lower tracking the same movement in the LME. Base metals are mostly lower on the London Metal Exchange Wednesday, drifting in thin trade as euro-zone jitters continue to depress investor sentiment.

Energy: Domestic crude oil futures were trading higher tracking gains in benchmark contracts on the New York Mercantile Exchange. The U.S. Energy Information Administration said commercial crude-oil stockpiles rose by 3.3 million barrels last week, surprising analysts that had expected a more modest 700,000-barrel increase and sending total stocks to a nine-month high of 385.9 million barrels. 

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Commodity Market Updates Today

MCX Commodity Market Updates:

Gold may trade with positive bias but caution is advised at current levels because some profit booking at current levels cannot be denied. Silver may also open on flat note and can trade in range of 59,000-60,500 in MCX. Base metals may also trade choppy on mixed sentiments. Copper edged up in early trading on Wednesday. Copper may trade in range of 390-410 in near term. Range bound movement can be seen in Crude oil counter as investors should eye the EIA weekly inventory report today. Crude oil has stiff resistance at 4,000 levels in MCX.

NCDEX Agri Commodity Market Updates:
Pepper futures may trade higher owing to tight supply on global market. Turmeric futures may remain sideways. Jeera futures may remain sideways taking support above 15,380 levels. Cardamom futures (Sept) may continue to face resistance at 830 levels owing to on-going harvesting season.

Other commodities: Chana futures may remain sideways owing to sluggishness prevailing at the spot markets. Sugar futures may remain sideways. Guar complex may remain downside due to diversion of area under production. Crude palm oil (CPO) futures on Bursa Malaysia Derivatives (BMD) shaved off initial gains made during the day. Soybean futures may face resistance at 2480 levels.

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MCX Commodity Market Updates Today | MCX Gold Tips

Gold may continue its historic bull run as its prices are making new high each day. Today both bullions metals Gold & Silver trading in higher prices. MCX Gold prices can trade in the range of Rs. 26,000-26,500 and MCX Silver prices can trade in range of Rs. 58,500-60,000 on domestic bourses.

Volatility in the base metals will persist on mixed sentiments. MCX Copper may trade in range of 385-395 on domestic bourses while MCX Nickel may also trade in range of 945-980 in near term.

Crude oil may tad further lower and witness profit booking but will be in range of 3,650-3,750 in MCX. MCX benchmark oil futures may start today session below Rs 3700 levels with  support around Rs. 3640-50 levels.

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MCX Commodity Market Updates & Report Today

Gold prices face stiff resistance near USD 1,780 in COMEX and it can dip towards USD 1,720-1,700 in near term. Silver can trade in range of 56,500-58,500 in MCX. Base metals may remain on positive note tracking firm international markets. Crude oil may open gap up in MCX tracking positive international markets. MCX Gold October contract is currently trading at Rs. 25742, it is up by Rs. 11 for the day. All Base Metals in MCX are trading on a positive note for the day. MCX Crude Oil Aug is trading at Rs. 3690, it is up by  Rs. 27 for the day.

• NYMEX crude trades higher Wednesday after 2.5% slide yesterday.

• Higher equity markets and API report support crude oil price. 
• NYMEX natural gas trades little changed after 1.5% gain yesterday. 
• Dip buying and recovery in crude oil supports natural gas price.

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MCX Commodity Market Updates Today

MCX Bullions Metals may trade with strong bias. MCX Gold can test Rs. 25500 while MCX Silver again test Rs. 61,000-62,000  in near term. MCX Gold October contract is currently trading at Rs. 25000, it is up by Rs. 356 for the day. All Base Metals in MCX are trading on a positive note for the day. Base metals may also plunge lower tracking weak opening in international markets. Copper may further dip lower towards 395-390 in MCX. Crude oil may remain on weaker note in MCX and can test Rs. 3700 in near term.  MCX Crude Oil Aug contract is currently trading at  Rs. 3813, it is trading down by Rs. 30.

• NYMEX crude plunged more than $3 Monday after 9.2% last week. 
• Crude oil speculators cut net long position for the first time in five weeks. 
• NYMEX natural gas fell 4.9% marking its third weekly decline.
• Natural gas speculators raised net short position for the first time in three weeks. 

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MCX Commodity Market Updates | MCX Trading Tips

MCX Gold prices record highs, currently MCX Gold trading above Rs. 24000. Yesterday MCX Silver prices touch record high after that it goes downward. Today MCX Silver trading near about Rs. 58000. Crude oil prices plunged on Thursday, sliding over 5 percent, their lowest level since February on worries about slowing economies in debt-laden Europe and the United States.

MCX Copper may trade with a negative bias tracking international exchanges.

MCX Zinc may trade with a negative bias tracking weakness in copper prices.
MCX Nickel may trade with a negative bias tracking international exchanges.
MCX Lead may trade with a negative bias tracking weakness in copper prices. 
MCX Aluminum may trade with a negative bias tracking weakness in copper prices. 

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MCX Commodity Market updates today

Bullions may continue yesterday gains tracking firm international markets. MCX Gold & Silver are trading on higher prices. MCX Gold is trading above Rs. 24000 and MCX Silver is trading above Rs. 61000. Base metals may open in red tracking weak opening in SHFE. MCX Copper may find some support at 420-425 while MCX nickel may find support at 1,040. Crude oil can witness some recovery after the recent sell off. Crude Oil rose from a five-week low in New York. Natural gas will eye the weekly inventory report as its prices can get support at 180 in MCX.

MCX Gold October contract is currently trading at Rs. 24145, it is up by Rs. 90 for the day. MCX Silver Sep contract is trading at Rs. 61645, it is up by Rs. 433 for the day. All Base Metals in MCX are trading flat for the day.  MCX Crude Oil Aug contract is currently trading at Rs. 4093, it is trading flat for the day.

• Precious metals are trading mixed on COMEX today.
• Base metals are trading higher on International bourses today.
• Crude oil is trading lower on NYMEX today. 

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MCX Commodity Market Updates

MCX Commodity Updates:-

MCX Gold prices once again went down due to the rise in dollar on Thursday, as investors chose to take some profits off the table after the bullion's sharp run up in the recent past. Crude oil prices closed slightly higher on Thursday after the crude oil prices are heading towards their weekly decline.

NCDEX Commodity Updates:-

In NCDEX Agri commodity Pepper futures have made a good bounce back on Friday after being pounded in last couple of sessions. Reports of strong export demand and tight supply in the domestic market has supported the prices today.
Guar Seed futures have declined sharply on NCDEX.

Today’s Picks :-
SELL GUARGUM 
BUY CPO ON DIPS 
SELL GUARSEED

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MCX Bullions, base Metals, Crude Oil News & Tips Today

MCX Gold futures trading downside on Thursday. Gold for Aug contract is trading flat for the day at $1,615.00 on the Comex division of the New York Mercantile Exchange during Asian trading hours. MCX Gold is currently trading at Rs. 23095, it is trading flat for the day. MCX Crude Oil futures trading declines on Thursday. MCX Crude Oil Aug is currently trading at Rs. 4302, it is trading down by Rs. 39 for the day. All Base Metals in MCX are  trading on a flat note for the day.

MCX Copper: Support for August copper is seen at Rs 430 while resistance is seen at Rs 439.

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MCX Commodity Market Report | Gold & Silver Tips

MCX Bullions may open on positive note today after long gains on yesterday. MCX Gold can trade in range of Rs. 23,100-23,250 while MCX Silver can trade in range of Rs. 59,000-61,000 in near term. Base metals may remain on volatile note as the uncertainty regarding the US debt crises continue to keep upside capped. Copper Prices down on Wednesday. MCX Copper may trade in range of Rs. 430-438 in near term. Crude oil may dip lower on profit booking. Crude  oil is trading near $100 a barrel.

Precious metals are trading marginally higher on COMEX today.
Base metals are trading marginally lower on International bourses today.
Crude oil is trading marginally lower on NYMEX today.

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MCX Gold & Silver Tips & other Commodity news today

MCX Gold & Silver futures may remain sideways. Gold prices held record high on Tuesday. MCX silver prices remain very up and down in intraday bases. That's why traders are adopting a wait-and-watch policy before investing in silver. Base metals prices opening higher on today. MCX Copper prices are very affected by risks in global copper supply. Fall in demand from consuming industries in the spot market may put some pressure on Zinc futures prices. Crude oil prices may remain sideways. US crude futures fell below USD 99 a barrel on Tuesday. Natural gas futures may remain downside. High natural-gas production is still limiting the upside for futures in the international market.

MCX Copper August  

Support: Rs 428 

Resistance: Rs 440

MCX Aluminium July 

Support: Rs 114 

Resistance: Rs 117

MCX Zinc July

Support: Rs 108 

Resistance: Rs 112

MCX Nickel July

Support: Rs 1,045 

Resistance: Rs 1,085

MCX Lead July

Support: Rs 118

Resistance: Rs 122

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Today Support & Resistance levels of MCX Commodity Market

MCX SILVER (SEP)
TREND: Consolidate
R2: 62800
R1: 61200
S1: 58250
S2: 56800
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Consolidate
R2: 445
R1: 438
S1: 427
S2: 422
STRATEGY: Buy on dips

MCX CRUDE OIL (AUG)
TREND: Consolidate
R2: 4560
R1: 4480
S1: 4360
S2: 4320
STRATEGY: Buy on dips

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MCX Bullions, base Metals, Crude Oil News Today

Bullions may open slightly on positive today. MCX Gold & Silver prices higher on today. MCX Gold can trade in wide range of Rs. 23,000-23,300 while MCX Silver can trade in range of Rs. 58,000-62,000 in near term.

All Base metals may trading for profit booking. MCX Copper may find support at Rs. 425 while MCX  Nickel may test the support of Rs. 1,040.

Crude oil may dip lower on profit booking. Crude oil can test the key support of Rs. 4,250-4,300 on domestic bourses.

• NYMEX crude oil rose 2.7% last week marking its fourth weekly gain.

• Crude oil speculators raised net long position for the third consecutive week. 
• NYMEX natural gas fell 3.2% last week marking its second weekly decline in three weeks. 
• Natural gas fell last week amid expectations that cooling demand may ebb over coming days.

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Today news of MCX Commodity Market

MCX Gold futures is trading higher on today. Both Precious Metals Gold & Silver are trading flat for the day. Yesterday both metals MCX Gold & Silver were declined. Yesterday Gold prices prolonged the down trend in the third straight session. If we talk about the base metals Copper prices slipped on yesterday. Crude Oil prices higher on today. Crude Oil prices rose in July month after reaching very low as compare to previous month.

In MCX Commodity Market all trading segments including Precious metals (Gold & Silver), Base Metals (Aluminium, Copper, lead, Nickel, Zinc) and Energy (Crude Oil, Natural Gas) are trading flat for the day.

• NYMEX natural gas trades mixed after 2.3% slide yesterday.
• NYMEX crude oil hold above $99/bbl Friday after 0.7% gain yesterday. 
• ICE Brent crude Sept contract ended at premium of $18.38/bbl on Thursday as  against $19.75/bbl a day earlier

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MCX Commodity Market News Today | Gold & Silver Tips

Gold prices gaining momentum on Wednesday. Bullions prices are higher on today, it may be goes upward in near term. MCX Gold prices can again test Rs. 23,200 and MCX Silver prices can test Rs. 60,000 in near term. Base metals may continue to trade in volatile note. Copper prices down in four sessions on Wednesday. Crude oil may trade on flat note. Crude oil can trade in range of Rs. 4,200-4,400 in near term.

MCX Gold settled at Rs. 23109, it was up by Rs. 69 for the day. 

MCX Silver Sep settled at Rs. 59179, it settled flat in yesterday's trade.
All Base Metals in MCX are  expect to open on a weak note today.
MCX Crude Oil July settled yesterday at Rs. 4372, it was down by Rs. 40 for the day.

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Bullions and Base Metals Commodity Market News

Gold futures may remain sideways. Gold prices were little changed on Wednesday, after notching up record highs in four of the last five sessions. Silver futures may remain range bound and trade with a negative bias owing to heavy fall in international prices. Base metals pack may remain range bound owing to sideways movements on SHFE. Crude oil futures may remain firm tracking firm international markets. 

Precious metals are trading lower on COMEX today. 

Base metals are trading lower on International bourses today. 
Crude oil is trading higher on NYMEX today.

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Hot News of MCX Commodity Market | MCX Trading Tips

Bullions trading is advised as some profit booking cannot be denied at present levels. Gold prices can test Rs. 23,400 while silver prices can test Rs. 61,000 in MCX in near term.

Base metals may remain sideways with positive path tracking positive opening in SHFE. Euro zone debt worries continue to pressurize the Copper prices. Aluminum prices are showing some support at current levels. 

Crude oil may trade on flat note tracking mixed overseas cues. Crude oil can trade in range of Rs. 4,200-4,300 in near term.

Gold prices rose further by 0.12% to Rs. 23,258 per 10 grams, in futures trade on Tuesday. The yellow metal for October delivery moved up by 30 rupees, or 0.10%, to Rs. 23,548 per 10 grams, with a turnover of 6 lots. 

• MCX Gold is currently trading up by Rs. 49 for the day at Rs. 23276. 
• MCX Silver Sep is trading at Rs. 60375, it is trading up by Rs. 502 for the day.
• MCX Crude Oil July is trading at Rs. 4345, it is trading up by 1% for the day.
• All Base Metals in MCX are trading positive for the day.

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MCX Commodity Market News for Today

Bullions may remain on firm note continuing last week gains and yellow may continue to register fresh life time highs in near term. Gold prices can test Rs. 23,300 while silver can test Rs. 60,000 in MCX soon. Spot gold touched a record high on Monday. Base metals may trade sideways with positive bias. London copper edged up on Monday. Crude oil may trade on flat note tracking mixed overseas cues. Crude may trade in range of Rs. 4,300-4,400 in MCX .

Precious metals are trading higher on NYMEX today. 

Base metals are trading marginally higher on International bourses today.  

Crude oil is trading higher on NYMEX today.

Crude Oil for August delivery eased $0.24 or 0.24% to $97 a barrel on the New York Mercantile Exchange. In London, Brent crude for August delivery eased $30 to end at $116.96 a barrel on the ICE.

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