MCX Commodity Market Updates Today | MCX Gold & Silver Tips

Gold prices furthered their record breaking momentum on Friday by catapulting to fresh record crest for the fourth time this week, as marketmen continued to take refuge under the safe haven amid escalating fears of a double dip recession coupled with growing uncertainties looming over the Euro-zone debt crisis.

A session after the free fall, Copper prices recovered some lost ground on last trading session of the week after investors resorted to some short covering on expectations that top consumer China may take advantage of the prevailing lower prices and rebuild stockpiles amid speculations of supply constraints.

Crude prices on Nymex fell on Friday in choppy trading, in morning trading, prices hit the day's highs, helped by a decline in the dollar and a rebound on Wall Street however equities turned lower later, weighing on the prices. Though, Brent rose, managing a small weekly gain as the dollar fell to a record low against the yen.

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Today Support & Resistance levels of MCX Commodity Market

GOLD STEADIES NEAR LIFETIME HIGH, ECON WORRIES LINGER.
CRUDE OIL RISES FROM 10-MONTH LOW ON FED STATEMENT.
COPPER RISE ON STRONG CHINESE COPPER IMPORTS.
INDIAN SPICES COMPLEX TRADE UP.

MCX GOLD (OCT)
TREND: Bullish     
R2: 26670
R1: 26470
S1: 26030
S2: 25870
STRATEGY: Buy on dips

MCX ZINC (AUG)
TREND: Bearish
R2: 101.50
R1: 97.90
S1: 93.50
S2: 91.70
STRATEGY: Sell on Higher levels

MCX NATURAL GAS (AUG)
TREND: Bearish
R2: 191 
R1: 187
S1: 174
S2: 168
STRATEGY: Sell on Higher levels

Support & Resistance levels of MCX Silver, MCX Aluminium, Lead, Nickel, Copper, Crude Oil, Natural Gas

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Free Support & Resistance levels of MCX Commodity Market Today

GOLD AT RECORD $1,778; BIGGEST 3-DAY RALLY SINCE 2008.
CRUDE OIL DROPS BELOW $80 FOR FIRST TIME SINCE OCTOBER IN EXTENDED DECLINE.
COPPER ERASES EARLY FALL AFTER CHINA DATA.
DOMESTIC OIL AND OILSEED TRADE BEARISH.

MCX GOLD (OCT)
TREND: Bullish      
R2: 26400
R1: 26100
S1: 25550
S2: 25250
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Bearish
R2: 408
R1: 402
S1: 394
S2: 389
STRATEGY: Sell on Higher levels

MCX CRUDE OIL (AUG)
TREND: Bearish
R2: 3800  
R1: 3730
S1: 3600
S2: 3540
STRATEGY: Sell on Higher levels

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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 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 (Bullions, Metals, Crude) Updates

Bullions may continue yesterday gains tracking firm international markets. Gold surged to a fresh record high on Wednesday. Base metals may open on sideways with negative note. LME copper fell on Wednesday. Crude oil can also open in red tracking weak opening in international markets.

Gold spot added $40, to $1,659 an ounce on the Comex yesterday. It is currently trading at $1654. MCX Gold October contract settled at Rs. 23806, it registered a gain of Rs. 299 for the day. All Base Metals in MCX are likely to open on a weak note today. Crude-oil futures on Tuesday settled at their worst level in five weeks after U.S. stocks sold off, raising concerns about the demand for oil. Crude  oil for Sep delivery declined $1.10, to end at $93.79 a barrel on the NYMEX.

Commodity trading tips, MCX updates, MCX Gold & Silver Live Prices, NCDEX Agri commodity tips

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MCX Commodity Market Updates and Tips Today

In Bullions MCX Gold and Silver are trading flat for the day. They can move upward in coming days as our research analyst said. MCX Gold October contract can dip lower towards 23,350 while silver Sep contract can test 57,000 in near term. If we talk about the Base Metals, all base metals are trading positive for the day. Crude oil may open on positive note tracking firm opening in international markets. MCX Crude oil may bounce back to 4350 in domestic bourses.

MCX Gold is currently trading at Rs. 23355, it is trading down by Rs. 164 for the day. MCX Crude Oil Aug is currently trading at  Rs. 4307, it is trading up by Rs. 70 for the day. All Base Metals in MCX are trading marginally positive for the day. 

• NYMEX crude oil gains almost $2 Monday on optimism about US debt deal. 
• NYMEX natural gas fell 5.8% marking its second weekly decline.
• Base metals continued to trade mix amid mixed global cues. 
• Copper prices hit three month high of $9895 at LME to end the session 1.6% higher at $9830 a ton. 
• Aluminium and Nickel prices too rose seeking support from higher copper prices. 
• Lead and Zinc ended on lower note with Lead prices noting decline of 2.86%.  

FREE MCX Tips, Commodity Trading tips, MCX Gold & Silver Live Prices, NCDEX Agri Commodity updates............

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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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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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Support and Resistance Levels of MCX Commodity Today

MCX SILVER (SEP)
TREND: Consolidate
R2: 61250
R1: 60125
S1: 57820
S2: 56570
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Consolidate
R2: 448
R1: 442
S1: 431
S2: 425
STRATEGY: Buy on dips

MCX CRUDE OIL (AUG)
TREND: Consolidate
R2: 4480
R1: 4435
S1: 4325
S2: 4270
STRATEGY: Buy on dips

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MCX Commodity Trading Strategies for Today 19 July

GOLD RISES ABOVE $1,600/OZ AS DEBT FEARS SIMMER.
CRUDE OIL FALLS $2 ON U.S., EUROPE DEBTS FEARS.
COPPER FALLS; CHINA DEMAND, DEBT CRISES WEIGH.
SPICES COMPLEX MOSTLY POSTS GAINS TOWARDS END.

MCX SILVER (SEP)
TREND: Consolidate
RESISTANCE 2: 61700
RESISTANCE 1: 60700
SUPPORT 1: 58450
SUPPORT 2: 57500
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Consolidate
RESISTANCE 2: 455
RESISTANCE 1: 442
SUPPORT 1: 427
SUPPORT 2: 421
STRATEGY: Buy on dips

MCX CRUDE OIL (AUG)
TREND: Consolidate
RESISTANCE 2: 4362
RESISTANCE 1: 4347
SUPPORT 1: 4225
SUPPORT 2: 4170
STRATEGY: Buy on dips

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Today MCX Commodity Market News and Trading Strategies

Bullions may witness some profit booking tracking weak opening in international markets. Gold can trade in range of Rs. 22,800-23,100 while silver can trade in range of Rs. 56,000-58,000 in MCX.  Gold hovered below its record high on Friday. 

Base metals can trade in red tracking weak opening in international markets. Today industrial production and consumer confidence data will give further direction to the base metals pack. Copper may trade in range of Rs. 428-430 while Lead can trade in range of Rs. 117-120 in near term.

Crude oil may trade sideways with negative bias. Crude oil may remain in range of 4,100-4,300 on domestic bourses. 

Spot gold was hovering below the record high levels as Fed ruled out additional stimulus measures. Spot gold had hit a all time of 1594.16 the previous day. Crude oil slipped earlier today after Standard and Poor put US’ credit ratings under review. 

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FREE MCX Commodity Market News Today

Bullions may open on positive note continuing yesterday gains but investors should be very cautious as prices have run up very quickly in short span of time. Comex gold futures prices soared to a fresh all-time record high of USD 1,588.90, basis August futures, in active trading Wednesday. 

• Base metals may open on flat note tracking mixed overseas cues. 
• Copper ended flat on Wednesday. 
• Copper may trade in range of Rs. 430-435. 
• Lead can tumble lower towards 118 on domestic bourses.
• Crude oil can also trade on negative path as its prices can trade in range of Rs. 4,300-4,425 on domestic bourses.

MCX Gold August contract is currently trading at Rs. 22943, it rose by Rs.  23 in today's trade. 

MCX Silver July contract is trading at Rs. 57487, it is trading up by Rs. 676 for  the day.
MCX Crude Oil July contract is trading at Rs. 4370, it is trading flat for the day. 

All Base Metals in MCX are trading flat for the day.

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Today MCX Commodity Market News (GOLD, COPPER, CRUDE OIL)

Gold prices climbed higher on Friday, as investors took shelter under the safe haven after a weaker than expected US employment data for June quashed hopes. The yellow metal prices rose for the fifth straight session. Copper prices weakened on Friday. Crude oil futures took a nasty blow and plunged sharply by around two and half a percent, their biggest on Friday. Crude oil prices for the week bounced back from four-month lows and settled with over a percent gains.

Bullions may open on flat note tracking mixed overseas cues.  

Base metals may open on flat note amid mixed movement in SHFE. 

In Domestic Market:-
Gold may trade in range of 22100-22300.
Silver may trade in range of 53,500-55,000. 
Copper may trade in range of 430-440.

Crude oil can trade in range of 4,300-4,400.

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FREE MCX Trading Tips and Commodity Market News

Bullions may open on firm note tracking positive international cues. Gold may trade in range of Rs. 22,200-22,400 and silver may trade in range of Rs. 53,500-55,000 in domestic market. Base metals may open on flat note amid mixed movement in SHFE. Copper edged down on Thursday. Copper may trade in range of Rs. 420-430. Energy prices may trade on firm path tracking firm international cues as it can test 4400 in domestic market.

• MCX Gold August contract is currently trading at Rs. 22244, it is trading marginally positive for the day. 
• MCX Silver Sep is currently trading at Rs. 54320, it is trading up by Rs. 235 for the day.
• MCX Crude Oil July contract is currently trading at Rs. 4331, it is marginally up by Rs. 31 for the day.
• Gold prices extended their rally mood for third consecutive session on Wednesday.
• Copper prices finally snapped the six session gaining streak as investors opted to book profits. 
• Crude prices settled marginally lower on Wednesday.

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MCX Commodity Market Trading Strategies Today

GOLD HITS 1-1/2 WEEK HIGH AFTER PORTUGAL RATING CUT.
COPPER EASES AS EUROPE DEBT WORRIES WEIGH.

CRUDE OIL PRESSURED BY EUROPE DEBT WORRIES.

DOMESTIC OIL SEED AND EDIBLE OIL END LOWER.

Base metals prices gave up all its gains in the second quarter of the calendar year after testing multi-month high levels seen in the previous quarter. Crude oil prices were an important factor leading high inflationary pressures in the emerging nations.

MCX GOLD (AUG)
TREND: Consolidate
RESISTANCE 2: 22750
RESISTANCE 1: 22480
SUPPORT 1: 21950
SUPPORT 2: 21730
STRATEGY: Buy on dips

MCX ZINC (JUL)
TREND: Consolidate
RESISTANCE 2: 110.60
RESISTANCE 1: 108.20
SUPPORT 1: 103.15
SUPPORT 2: 101.30
STRATEGY: Buy on dips

MCX CRUDE OIL (JUL)
TREND: Consolidate
RESISTANCE 2: 4450
RESISTANCE 1: 4370
SUPPORT 1: 4240
SUPPORT 2: 4170
STRATEGY: Buy on dips

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