Base metal: Aluminium futures hike as demand picks up

Aluminium futures were trading high during the morning trade in the domestic market on Thursday as participants build up new bets in the industrial metal amid hike in physical demand for aluminium at the domestic spot market.

At the MCX, aluminium futures for Nov 2016 contract is trading at Rs 122.40 per kg, up by 0.33 per cent, after opening at Rs 122.40, against a last close of Rs 122. It touched the intra-day higher of Rs 122.45.

Continue reading →

Base Metals & Energy Updates For 25 May 2015

Mcx commodity tips: Copper prices plunged in the domestic market on Friday as a stronger dollar took the sheen off the industrial metal by curbing demand for copper as an alternative asset. Stronger greenback makes copper more expensive for those holding other currencies, thus hitting demand. Further, a drop in German business confidence in the month of May 2015 signaled a faltering recovery in Europe’s biggest economy, darkening the demand outlook for industrial metals. The gauge measuring German business sentiment fell for the first time in seven months, dropping to 108.5 in May from 108.6 in April, the Ifo Institute reported. Copper may extend a drop today as investors fret over a 2015 US interest rate hike after Fed Chair Janet Yellen termed a 2015 rate hike as “appropriate”. At the MCX, Copper futures for June 2015 contract closed at Rs 396.50 per 10 gram, down by 1.58 per cent after opening at Rs 402.60, against the last closing price of Rs 402.85. It touched the intra-day low of Rs 394.65 till the ending.

Zinc futures plunged more than 1 per cent in the domestic market on Friday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Investors cast aside data which showed a pickup in growth in the world’s second biggest economy, boding well for the demand outlook for zinc. The China leading index climbed 1.1 % in April from March, when it rose 0.5% the Conference Board said. However, the report warned that “despite April’s gain in the Leading Economic Index for China, its 6-month increase rate continues to slow. At the MCX, Zinc futures for May 2015 contract closed at Rs 138 per 1 kg, down by 1.22 per cent after opening at Rs 140.10, against the last closing price of Rs 139.70. It touched the intra-day low-lying of Rs 137.30 till the ending.

Continue reading →

REVIA DAILY MCX COMMODITY UPDATE FOR 09 DEC 2013

Precious Metals

SILVER  GOLD

                                                     D A I L Y B U Z Z

Gold prices fell by Rs 465 to Rs 30,785 per ten gram in the national capital today on reduced offtake by stockists at existing higher levels amid a weak global trend. 

Silver remained under selling pressure for the fourth straight day and lost Rs 200 to Rs 43,600 per kg, after losing Rs 1,275 in the previous three sessions. 

Traders said reduced offtake by stockists and retailers at existing higher levels amid a weak global trend as US economic data reinforced concern that the .

Gold in New York, which normally sets price trend on the domestic front, fell by 1.46 per cent to USD 1,225.10 an ounce and silver by 1.42 per cent to USD 19.44 an ounce last night. 

On the domestic front, gold of 99.9 and 99.5 per cent purity tumbled by Rs 465 each to Rs 30,785 and Rs 30,585 per ten gram, respectively. It had shot up by Rs 450 yesterday. Sovereign held steady at Rs 25,200 per piece of eight gram in scattered deals. 

Base Metals & Energy

COPPER CRUDE OIL

                                                  D A I L Y B U Z Z

Tracking a weak global trend, copper prices fell by 0.18 per cent to Rs 446.30 per kg in futures trade today as speculators offloaded positions. 

At the Multi Commodity Exchange, copper for delivery in February next year fell 80 paise, or 0.18 per cent, to Rs 446.30 per kg in business turnover of 642 lots. 

Similarly, the metal for delivery in April 2014 contracts traded lower by 65 paise, or 0.14 per cent, to Rs 452.50 per kg in 15 lots. 

Analysts attributed the fall in copper futures to weak global cues as investors weighed signs of improvement in the US economy against concern the Federal Reserve may start trimming its stimulus sooner than estimated. 

Agro Outlook

CHANA DHANIYA

                                                 D A I L Y B U Z Z

Chana prices rose by 0.14 per cent to Rs 2,911 per quintal in futures trade today as speculators created fresh positions, supported by an improvement in spot market demand due to ongoing marriage season. 

However, adequate stocks availability in the physical market and expectations of better output this season on favourable weather conditions, restricted the gains. 

At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 4, or 0.14 per cent t.

Similarly, the commodity for delivery in January edged up by Rs 4, or 0.13 per cent to Rs 3,036 per quintal in 69,690 lots. 

Analysts said fresh positions created by speculators after an improvement in spot market in view of marriage season mainly helped chana prices to trade higher at futures trade. 

Continue reading →

Daily Market Update on Precious Metals, Base Metals & Energy, Agro FOR 21 NOV 2013

SILVER      GOLD

                                                        D A I L Y B U Z Z

Gold edged lower on Wednesday, failing to capitalise on dovish Federal Reserve's comments as investors awaited the release of the minutes of the U.S. central bank's policy meeting later in the session for clues on when it will trim its stimulus.

In a speech that echoed comments by his nominated successor, Janet Yellen, Bernanke said that while the economy had made significant progress, it was still far from where officials wanted it to be.

Spot gold fell 0.3 percent to $1,270.96 an ounce by 1058 GMT. The short-term upside was capped at 10-day moving average of $1,290, while a break below $1,260 would trigger losses to $1,220, VTB Capital said in a note.

U.S. gold futures for December delivery fell 0.3 percent to $1,270.10 an ounce.

The dollar was marginally lower against a basket of currencies ahead of the minutes for the October 29-30 Fed meeting, due for release at 1900 GMT. Investors were looking for detail of Fed discussions on the timing of any tapering.

COPPER    CRUDE OIL

                                                         D A I L Y B U Z Z

MCX crude oil is expected to witness further recovery during intra-day trade. US Energy Information Administration (EIA) is scheduled to release its weekly crude oil inventory data at 21.00 IST on Wednesday. Also a list of data releases are scheduled for the day and traders may get further details for their trading.

India crude oil prices edged higher due to short covering and was seen trading up on Wednesday amid a slight recovery in global crude oil futures. NYMEX crude oil for January delivery was seen trading at $93.89 per barrel as of 15.35 IST.

Crude oil futures on India's Multi Commodity Exchange (MCX) for December delivery was seen trading with a gain of 0.47% at Rs.5928 per barrel as of 15.37 IST on Wednesday.

MCX crude oil is expected to witness further recovery during intra-day trade. Resistance for the commodity is seen at 5960 and trading above the same may push the prices further till 6000. Support for the commodity is seen at 5900 and 4875 levels, according to Melbin Noble, Research Analyst at Commodity Online.

CHANA      DHANIYA

                                                      D A I L Y B U Z Z

In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and Cotton.

Mixed trends were visible in agri-commodities markets with turmeric futures in India's National Commodity and Derivatives Exchange (NCDEX) gain sharply this week on estimates of lower producers while Chana fell 2.36% to Rs 3149 s market sentiments turned bearish on inferior quality of the commodity in Rajasthan and Maharashtra markets.

In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and COtton.

Continue reading →

RESEARCH VIA-IF U WANT TO EARN ABOVE 1 LAC PER DAY IN ONE LOT BY TRADING ON OUR CALLS IN MCX

IF U WANT TO EARN ABOVE 1 LAC PER DAY IN ONE LOT BY TRADING ON OUR CALLS IN MCX REGISTER U R MOB. NUMBER ON OUR WEBSITE. http://www.researchvia.com/free-trials/ Hot Line 99 777 8500

http://www.researchvia.com   Call us 0731-4046989, 9977785000.

Continue reading →

TODAY COMMODITY MARKET UPDATES FOR 15/04/2013

Gold: Crashing down
Weekly close: $1,478.35

Gold is forming a wave extension on the downside. It has been falling since the last few months but the angle of decline was not a sharp one. However, as the yellow metal has broken the support zone consisting of multiple intermediate bottoms, it has gathered huge momentum on the way down. Thus, a reversal for the bearish view can now be trailed above that, ie at $1,527. The initial target on the downside remains at the lower end of the medium-term falling channel, ie $1,405. If the bears manage to breach that trendline, then they can target the long-term rising trendline, ie $1,340.


Trend :     Trend Reversal     Supports            Resistances      Target
Down :      $1,527.0                  $1,450/1,400      $1,500/1,521       $1,405/$1,340

Silver: Smashed down
Weekly close: $25.850

For several weeks, silver was trading in a narrow range and had formed a bearish triangular pattern. Silver broke down from the bearish triangle and has resumed with the overall downtrend. On the downside, the white metal has cracked through multiple previous lows and has even extended below the short-term equality target. The subsequent targets on the downside are the lower end of the short-term falling channel ($23.25) and the medium-term equality target ($21.00). The reversal can be tightened to $26.20.


Trend :     Trend Reversal     Supports                    Resistances      Target
Down :      $26.20                     $24.00/22.50              $25.00/26.04       $23.25/$21.00

Copper (Comex): Standing on a diving board
Weekly close: $3.3500

Copper formed a large triangle where the last leg made a throw over of the pattern. The triangle has been formed in the right shoulder of a larger Head & Shoulders pattern. Thus, the red metal seems to be in for a significant decline. The weekly momentum indicator is in a bearish mode.
Copper has broken the lower end of the triangular pattern and has reached the neckline. From a medium-term perspective, copper can target the previous low of $2.994 and the equality target, ie $2.58. On the flip side, the swing high of $3.576 will act as a strong resistance.

Trend :     Trend Reversal      Supports                      Resistances                 Target

Down :        $3.576                       $3.23/3.00                     $3.45/3.55                      $2.994/$2.58

Crude oil: Flowing southward
Weekly close: $91.29

Crude oil has been oscillating about its crucial weekly moving averages. The oscillations have taken place in between two converging trendlines. In terms of the price pattern, the oil has formed a large distribution triangle. From the upper end of the pattern, the oil has started next leg down. Last week’s high of $94.83 will act as a strong hurdle on the upside. The weekly momentum indicator has given a fresh sell signal. Overall, the oil is expected to fall towards $84.00-$77.28.

Trend :     Trend Reversal      Supports                      Resistances                 Target
Down :      $94.83                      $86.20/80.00                $92.55/94.00                  $84/$77.28

Continue reading →

MCX Gold, Silver, Base Metals, Crude Oil Updates Today

Gold prices slashed by more than 1% on Thursday as sentiments  relating to debt crisis recovered somewhat. On Friday, COMEX Gold futures are again witnessing sharp fall of $ 10 and are  trading at $ 1771 per ounce. Indian Gold prices also tumbled to Rs 27470 per 10  grams, down from Rs 28154 per 10 grams on Wednesday.

Gold futures fell to its lowest since late August on Thursday, as efforts by global central banks and top European powers to end the region's debt crisis prompted investors to dump safe havens.

Copper prices rebounded from one-month low to end in green on Thursday boosted by a weaker dollar after reports of fresh liquidity injections by central banks in the fourth quarter cropped up. Crude oil prices gained on Thursday on getting news of assurance by the major central banks to bolster funding for European banks.

Continue reading →

Support & Resistance Levels of MCX Commodity Market Today

GOLD FALLS FROM RECORD AFTER SWISS PEG FRANC.
CRUDE OIL EXTENDS DROP ON SIGNS OF SLOWING U.S. ECONOMY, RISING STOCKPILES.
COPPER IN LONDON DROPS FOR A FOURTH DAY ON CONCERN GLOBAL GROWTH TO SLOW.
DOMESTIC OIL AND OILSEED TRADE BEARISH.

MCX GOLD (OCT)
TREND: Bullish
R2: 28750
R1: 28400
S1: 27300
S2: 26975
STRATEGY: Buy on dips

MCX COPPER (NOV)
TREND: Consolidate
R2: 428
R1: 422
S1: 410
S2: 404
STRATEGY: Sell on higher levels

MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4080
R1: 4020
S1: 3890
S2: 3810
STRATEGY: Buy on dips

Continue reading →

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.

Free mcx trading tips, mcx gold tips, mcx silver tips, mcx ncdex commodity trading tips,  free commodity tips, commodities tips, commodity prices, ncdex tips, ncdex commodity tips, commodity market tips, commodity tips on mobile, gold prices, silver prices

Continue reading →

Support & Resistance Levels of MCX Commodity Market

GOLD STEADY ON PERSISTENT EURO ZONE FEAR.
CRUDE OIL CLIMBS IN NEW YORK AS U.S. FUEL SUPPLY DROP SIGNALS INCREASED DEMAND.
COPPER GAINS AS STOCKPILES DECLINE ON CHINA BUYING.
INDIAN PEPPER TRADED UP; INDAIN TURMERIC AND JEERA TRADE DOWN.

MCX GOLD (OCT)
TREND: Bullish     
R2: 26900
R1: 26650
S1: 26130
S2: 25850
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Bearish
R2: 415
R1: 409
S1: 398
S2: 392
STRATEGY: Sell on Higher levels

MCX CRUDE OIL (AUG)
TREND: Bearish
R2: 4080 
R1: 4035
S1: 3910
S2: 3850
STRATEGY: Sell on Higher levels

Continue reading →

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

Continue reading →

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

Continue reading →

MCX Commodity (BULLIONS, METALS, CRUDE) Updates Today

Bullions may trade with strong bias. MCX Gold can test Rs. 26,000 while MCX silver again test Rs. 61,500 in near term. Base metals may also plunge lower tracking weak opening in international markets. Copper may further dip lower towards 380 in MCX. Lead and zinc can test 90 in MCX in near term. Crude oil may remain on weaker note tracking negative opening in international markets and it can test 3,600 in MCX soon.

Precious metals are trading higher on COMEX today. 

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

Free mcx trading tips, mcx gold tips, mcx silver tips, mcx ncdex commodity trading tips, free commodity tips, commodities tips, commodity prices, ncdex tips, ncdex commodity tips, commodity market tips, commodity tips on mobile, gold prices, silver prices

Continue reading →

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. 

Free mcx trading tips, mcx gold tips, mcx silver tips, mcx ncdex commodity trading tips, free commodity tips, commodities tips, commodity prices, ncdex tips, ncdex commodity tips, commodity market tips, commodity tips on mobile, gold prices, silver prices

Continue reading →

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. 

FREE MCX trading tips, commodity updates, MCX Gold & Silver prices, commodity market news, NCDEX Agri commodity tips, free mcx tips

Continue reading →

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

Continue reading →

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............

Continue reading →

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.

Continue reading →

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.

FREE MCX trading Tips, MCX Gold Tips, Silver Tips, NCDEX Agri Tips, Commodity Tips on Mobile by SMS

Continue reading →

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

Continue reading →