Nickel Hit By China SlowDown

Nickel Tips - Nickel futures were trading lower during noon trade in the domestic market on Friday as investors and speculators exited positions in the industrial metal as weak physical demand in the domestic spot market, and fears over a worsening economic slowdown in China, the world’s biggest metals consumer, weighed on sentiment.

A leading index for China grew at a slower pace in October, signaling a deepening slowdown in the world’s biggest economy, which is set to grow at the weakest pace in 25 years in 2015. The China Leading Index climbed 0.6 per cent in October from September when it advanced 1.6 per cent.

At the MCX, Nickel futures for November 2015 contract were trading at Rs. 590 per 1 kg, down by 0.44 per cent, after opening at Rs. 588.5, against the previous closing price of Rs. 592.6. It touched an intraday low of 587.

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MCX & NCDEX Agri Commodity Market Updayes

Gold prices may open on firm note tracking firm opening in international markets. Spot gold rose 0.7% on Monday, extending the previous session`s 1.2% rise. Base metals may remain under selling pressure and can trade lower. Copper may trade in range of 410-419 on domestic bourses. Crude oil prices can also dip lower. Crude oil prices can again test 4,100 in domestic market.

Industrial Metals continued to witness mixed movement last week even as Copper, Lead and Zinc  ended on a lower note while Aluminium and Nickel managed to close in positive territory.

Copper prices hit highs of $8880 a  ton at LME but pared all its gains to end the session $125 or  1.42% lower at $8696 a ton. 
Base Metals may witness very volatile movement this week. 

NYMEX crude falls more than $1 Monday amid choppiness in equity markets and stronger US dollar. 
NYMEX crude rose 0.8% last week marking its fourth weekly gain. 
NYMEX natural gas fell 2.7% last week erasing all the gains noted a week ago. 
Natural gas fell last week amid mixed weather forecasts and bigger than expected rise in stocks.  

NCDEX Agri Commodity Market Updates:-

Pepper futures may trade firm holding the gains. Cardamom is likely to remain sideways on the back of higher arrivals and weak demand. Turmeric futures may continue to remain sideways on slack demand and higher availability. Jeera futures may remain sideways. Mentha oil futures may hold gains taking support above 1,240 levels. Chana futures making a life time high may remain upside. Soybean futures may continue to track the bearish price movements of U.S soybean prices.

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MCX Commodity Market (Bullions, Metals, Crude) Updates Today

Today, Gold is trading higher, supported by reports that China is considering buying Italian bonds, providing a glimmer of hope to the perennial Europe`s debt-crisis.

Silver prices drifted 3.4% lower, depressed by the weaker tone in the yellow metal. COMEX October Silver registered a high of USD 41.6/ounce and a low of USD 39.8/ounce. On the domestic front, MCX December Silver settled lower by 2.1% at Rs 63,786/kg. Silver prices managed a high of Rs 65,358/kg and a low of Rs. 63,555/kg. MCX December Silver is trading 1.2% higher today at Rs 64,533/kg.

MCX Copper may note some gains tracking international markets, however the upside remains capped. Support for November copper is seen at Rs.412 while resistance is seen at Rs.424.

Crude oil pared earlier losses and managed to settle higher, as a rebound in Euro and the end of the trading session helped in the recovery of energy prices. Crude oil prices are expected to trade weak on account of gloomy global economic backdrop.

Gold for Dec delivery added  $16.40, to $1,829.70 an ounce on the Comex. MCX Gold October is currently  trading at Rs. 27893, it is up by Rs. 100 for the day. Silver spot market is currently  trading at $40.81. MCX Silver Dec contract is currently trading at Rs. 64398, it is  marginally up by Rs. 621 for the day. Crude Oil for October delivery rose 76 cents today and is trading at  $88.95 a barrel. MCX Crude Oil Sep contract is currently trading at Rs. 4187, it is  up by Rs. 27 for the day. All Base Metals in MCX are trading marginally negative today.

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MCX & NCDEX Commodity Market Updates

GOLD FALLS $200 FROM RECORD HIGH.
OIL TRADES NEAR ONE-WEEK HIGH IN LONDON ON FED SPECULATION, U.S. SUPPLIES.
COPPER UNDERPINNED BY CHINA, FED MEETING EYED.
DOMESTIC OIL AND OILSEED TRADE BEARISH.

Support and Resistance levels of MCX Commodity Market:

MCX SILVER (SEP)
TREND: Bullish   
R2: 65200
R1: 63800
S1: 59900
S2: 58400
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Bearish
R2: 428
R1: 422
S1: 410
S2: 405
STRATEGY: Sell on Higher levels

MCX CRUDE OIL (SEP)
TREND: Bearish
R2: 4075
R1: 4020
S1: 3890
S2: 3810
STRATEGY: Sell on Higher levels

NCDEX Agri Commodity Market Updates:

Pepper futures may hold gains on buying support and bullish sentiments.
Turmeric futures may show some volatile movements.
Jeera futures may remain sideways.
Chana futures may continue to face resistance at 3,250 levels.

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Support & Resistance levels of MCX Commodity Market

GOLD RETREATS FROM RECORD HIGH ABOVE $1,900/OZ.
CRUDE OIL RISES A SECOND DAY ON U.S. FUEL DEMAND, LIBYA CRUDE PRODUCTION OUTLOOK.
COPPER CLIMBS ON SPECULATION FED WILL TAKE STEPS TO BOLSTER U.S. ECONOMY.
INDIAN SPICES COMPLEX TRADE UP.

MCX SILVER (SEP)
TREND: Bullish   
R2: 66800
R1: 65350
S1: 62450
S2: 60500
STRATEGY: Buy on dips

MCX ZINC (AUG)
TREND: Bearish
R2: 105.05
R1: 102.75
S1: 96.60
S2: 94.20
STRATEGY: Sell on Higher levels

MCX NATURAL GAS (AUG)
TREND: Bearish
R2: 192
R1: 187
S1: 176
S2: 171
STRATEGY: Sell on Higher levels

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MCX Commodity Market Updates and Trading Tips

Comex Gold (Oct)

Fundamental View: Gold prices moved higher registered new highs of USD 1,832/ounce.

Recommendation: Intraday Range between 1,836-1,890.

MCX Gold (Oct)

Recommendation: Intraday range can be 27,260 - 28,000.

Comex Silver (Sept)

Fundamental View: Silver prices rose further by 174 to Rs 60,642 per kg in futures trade today as market participants restocked the metal.

MCX Silver (Sept)

Recommendation: Buy at 61,750 target 62,400 stop loss 61,500. If silver is crossing the level of 62,500 then it will go up to 68,200.

MCX Copper (August)

Recommendation: Resistance at 404.70.Short at 402.50 target 397.50 stop loss 404.80. It is expected to go down till 377 within next two months.

Nymex Crude (Sept)

Fundamental View: US crude futures fell nearly 6% as a fresh batch of weak economic data from the United States hit investor confidence.

Recommendation: Short at 82.20 target 76.80 stop loss 84.50.

MCX Crude (August)

Recommendation: Short at 3,720 target 3,545 stop loss 3,790.

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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

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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 & NCDEX Commodity Market Updates

Precious metals are trading mixed in COMEX today. Base metals are trading higher on International bourses today. Crude oil is trading marginally higher on NYMEX today. Gold prices receded from historical record levels on Thursday. Copper prices staged a strong performance on Thursday. The crude oil prices surged once again on Thursday and prices moved higher by over 3 percent for the day.

CHANA NCDEX AUG CLOSE PRICE 2976- Chana has support at 2950 which if breached can be seen approaching 2925. Whereas resistance is at 3005-3028. Mixed trade with firm bias is expected today.

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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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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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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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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 (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.

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Support & Resistance levels of MCX Commodity Market Today

GOLD TOPS $1,700 FOR FIRST TIME ON U.S. RATING.
CRUDE TUMBLES TO ALMOST EIGHT-MONTH LOW AFTER S&P DOWNGRADES U.S. RATING.
COPPER FALLS, CAPS BIGGEST WEEKLY DROP SINCE JUNE 2010 ON GROWTH CONCERNS.
INDIAN SPICES COMPLEX TRADE LOW.

MCX GOLD (OCT)
TREND: Bullish       
R2: 25950
R1: 25700
S1: 24990
S2: 24650
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Bearish
R2: 409
R1: 403
S1: 389
S2: 384
STRATEGY: Sell on Higher levels

MCX CRUDE OIL (AUG)
TREND: Bearish
R2: 3890   
R1: 3820
S1: 3730
S2: 3680
STRATEGY: Sell on Higher levels

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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 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%.  

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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

Free mcx tips, mcx gold & silver tips, commodity trading tips,  ncdex trading tips, 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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