Mustard seed ends lower on increased arrivals

Mustard Seed prices closed lower by 1.24 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for August 2015 contract closed at Rs. 4,052 per quintal, down by 1.24 per cent, after opening at Rs. 4,099 against the previous closing price of Rs. 4,103. It touched the intra-day low of Rs. 4,042.Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity.EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2%). India produces 5.5 million MT to7 million MT annually.

And we Saw That Mustard Seed prices closed lower by 0.65 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for August 2015 contract closed at Rs. 4,098 per quintal, down by 0.65 per cent, after opening at Rs. 4,122 against the previous closing price of Rs. 4,125. It touched the intra-day low of Rs. 4,070. Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity. EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million MT annually.

 

Read More on This Topic -  Free Commodity Tips

Continue reading →

DAILY COMMODITY REPORT FOR 16/SEPT/2013

Precious Metals

SILVER  GOLD

                                       D A I L Y  B U Z Z

Continuing its slide, silver prices fell by 0.56 per cent to trade at Rs 51,401 per kg in futures trade today as participants engaged in reducing their positions amid a weakening trend in the global markets.

At the Multi Commodity Exchange, silver for delivery in far-month March traded Rs 286, or 0.56 per cent, lower at Rs 51,401 per kg in a business turnover of 19 lots. 

In a similar fashion, the white metal for delivery in December fell by Rs 265, or 0.49 per cent, to Rs 50,230 per kg in 1,248 lots.

Market analysts said offloading of positions by speculators following a weak trend overseas, before the US Federal Reserve meets to consider tapering its monthly asset purchases, put pressure on silver futures prices here. 

Meanwhile, silver fell by 0.18 per cent to 21.70 dollar an ounce in Singapore today.

Base Metals & Energy

COPPER  CRUDE OIL

                                        D A I L Y  B U Z Z

Buoyed by increased domestic demand, copper prices rose 0.33 per cent to Rs 460.75 per kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 1.50, or 0.33 per cent, to Rs 460.75 per kg in business turnover of 3,742 lots.

The metal for delivery in far-month February edged up by Rs 1.15, or 0.25 per cent, to Rs 469.70 per kg in 97 lots.

Globally, copper for delivery in three months on the London Metal Exchange rose 0.3 per cent to $ 7,078.50 a metric tonne.

Market analysts said apart from increased demand at domestic spot markets from consuming industries, a firming overseas trend, mainly influenced copper prices at futures trade here.

Agro Outlook

DHANIYA CHANA

                                      D A I L Y  B U Z Z

Turmeric futures rose on Friday on bargain-buying, supported by hopes of a pickup in local demand in the festive season, while export demand also aided sentiment.

The most-actively traded turmeric contract for October delivery was up 1.68 per cent at Rs 4,966 per 100 kg on the National Commodity and Derivatives Exchange (NCDEX) at 1017 GMT. It fell 7.6 per cent between Sept. 3 and Sept. 12.

"Some bargain buying is seen after the recent fall in prices. Local demand may pick up ahead of festivals," said Sudha Acharya, an analyst at Kotak Commodities. At Nizamabad, a key market in

Andhra Pradesh, spot turmeric edged up 26 rupees to Rs 4,968 per 100 kg.

Acharya expects the October contract to rise to Rs 5,040 in the near term. Jeera, or cumin seed, futures rose due to overseas demand while a pickup in the local demand also supported the upside.

However, higher spot supplies and prospects of better sowing capped the gains. Traders expect

jeera sowing to be better this season because of ample rains that have increased moisture in the soil.

Jeera is a winter crop sown from October. Farmers mainly depend on rains to moisten the land for sowing.

Continue reading →

REVIA MCX: SELL CRUDE OIL BELOW 7257 TGTS 7237/7207/7167 SL 7280

REVIA MCX: CRUDE OIL HIT 1ST TARGET 7237 LOW OF 7238 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

Precious Metals
SILVER     GOLD
                                                            D A I L Y B U Z Z

Gold fell on Thursday after a five-day rally that pushed it to its highest since mid-May, as concerns abated that U.S.-led forces would soon launch a military strike on Syria, while investors awaited U.S. data for clues on the Federal Reserve's next move.

The United States and its allies have been discussing possible military action against Syria in response to last week's deadly chemical attack, stoking safe-haven buying in gold. 

Spot gold dropped 0.7 percent to $1,408.21 an ounce by 0919 GMT. It had gained nearly $70 an ounce in the five sessions to Wednesday to a 3-1/2 month high of $1,433.31. 

The dollar rose 0.5 percent, while European shares recovered from a three-day selloff.

Brent crude prices fell below $116 a barrel after climbing to a six-month high on Wednesday. Gold, usually regarded as an inflation hedge, has benefited from soaring crude oil over the past few sessions, as this is one of the main components of the CPI headline inflation. Markets will be focusing on U.S. initial jobless claims figures and the revision to growth figures from the second quarter. Gold prices have risen nearly 8 percent this month, their biggest monthly climb since January 2012, after mixed U.S. economic numbers raised doubts that the Federal Reserve could be set to imminently curb its bullion-friendly $85 billion monthly bond-buying programme.

Base Metals & Energy

C O P P E R    C R U D E O I L

                                                       D A I L Y B U Z Z

Lead futures today rose by 1.57 per cent to Rs 148.95 per kg as speculators created positions,  triggered by rising demand at domestic spot markets. 

At the Multi Commodity Exchange, lead for delivery in August traded Rs 2.30, or 1.57 per cent, higher at Rs 148.95 per kg, with a turnover of 2,261 lots. 

The metal for delivery in September also rose by Rs 1.55, or 1.40 per cent, to trade at Rs 148.80 per kg, in a business turnover of 924 lots.

Nickel prices moved up by 1.51 per cent to Rs 955.40 per kg in futures market today as speculators 

enlarged their positions on rising spot demand and a firming trend in the global market.

At the Multi Commodity Exchange, nickel for delivery in August gained Rs 14.20, or 1.51 per cent, to Rs 

955.40 per kg in business turnover of 1,935 lots. 

Similarly, the metal for delivery in September rose by Rs 12.70, or 1.34 per cent, to Rs 964 per kg in 517 lots.

Agro Outlook

CHANA    DHANIYA

                                                 D A I L Y B U Z Z
Turmeric prices fell further by 0.75 per cent to Rs 5,024 per quintal in futures trade today after  participants trimmed positions amid higher stocks but export demand limited the fall. 

At the National Commodity and Derivatives Exchange, turmeric for delivery in September declined by Rs 38, or 0.75 per cent, to Rs 5,024 per quintal in an open interest of 15,405 lots.

Similarly, the spice for delivery in October edged lower by Rs 34, or 0.66 per cent, to Rs 5,112 per 
quintal in 10,780 lots.

Jeera prices fell by another 0.16 per cent to Rs 13,747.50 per quintal in futures market today as 
speculators indulged in reducing exposures amid expectations of higher sowing in producing region. 

However, some export demand limited the downside. At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 22.50, or 0.16 per cent to Rs 13,747.50 per quintal with an open interest of 5,394 lots.

In a similar fashion, the spice for delivery in September lost Rs 20, or 0.15 per cent, to Rs 13,595 

per quintal with an open interest of 8,667 lots. It had lost 0.05 per cent in yesterday's session.

Continue reading →

MCX Commodity Tips ~ Gold, Silver, Copper, Crude Oil Updates Today 08 April 2013

Gold edged higher on Friday, as the dollar cut earlier gains against the euro and the yen and European shares dropped as investors anticipated potentially weak U.S. non-farm payrolls data. 

The metal matched a similar pattern in other commodities, such as copper, further recouping heavy losses seen in the previous session, as investors refrained from taking large bets. 

An improving growth trend in the United States has been a key driver for investors taking on more risk this year, but weaker-than-expected data this week on manufacturing activity and private sector hiring has suggested the momentum might be flagging. 

Select base metal prices dropped further at the non-ferrous metal market here today on consistent stockist selling amidst weak demand from industrial users on back of lower London 

Metal Exchange (LME) cues. Meanwhile, zinc and lead prices edged-up on better offtake from consumer industries. 

Copper cable scrap and copper wire bar both declined by Rs 3 per kg each to Rs 474 and Rs 502 from Rs 477 and Rs 505. 

Continue reading →

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. 

Continue reading →

MCX Gold, Silver, Copper, Crude Updates and Tips Today

Yesterday was the Diwali day for trader who trading in MCX Commodity Market. Yesterday all products in MCX Commodity Market were closed at positive price. MCX Gold and Copper touch its highest level. MCX Gold touch the levels of Rs. 29,200 and MCX Copper touch the levels of Rs. 410. Today all are trading at negative price. MCX GOld, Copper, Crude and other base metals are trading at lower levels today. MCX Gold is again touch the levels of Rs. 29,000, MCX Silver is trading at higher prices. It may touch the levels of Rs. 55,800. MCX Gold, Silver, Copper and Crude were closed at positive price but today all are open at negative prices. We assume that all are trading same for the day.

MCX Copper may  note some decline tracking international exchanges. Support for December copper is seen at Rs.402 while resistance is seen at Rs.417. All base metals are trading on a negative note today.

Continue reading →

MCX and NCDEX Commodity Market Updates

Yesterday again all products in MCX Commodity Market closed at negative prices. Today MCX Gold, Silver, Copper, Crude and other base metals are trading at negative prices. Only MCX naturalgas is trading at higher prices. MCX Silver open at high price at Rs. 55,000 but currently trading at negative price. MCX Copper, Aluminium, Zinc, Nickel, Lead Prices may note some decline tracking in domestic as well as international market. Support for November copper is seen at Rs.372 while resistance is seen at Rs.385. According to our Research Analysis report all are trading at lower prices for the day.

NCDEX Agri Commodity Updates:
Pepper futures may trade higher. Jeera futures may trade sideways & remain below 14,000 levels. Cardamom prices continued the downward journey and closed at negative price. Guar Seed: After taking a dip near 4400 prices resumed its broad bullishness in the last session.

Continue reading →

Commodity Market Updates Today

MCX Commodity Market GOLD, SILVER, COPPER, CRUDE Updates:

Gold prices moved higher, paring earlier losses. Silver prices moved 2.4% higher, inline with the gains in the yellow metal.  MCX December Silver settled higher by 2.8% at Rs65,568/kg. Silver prices managed a high of Rs 65,690/kg and a low of Rs 63,998/kg. MCX December Silver is trading marginally lower by 0.17% today at Rs 65,459/kg.

Copper prices remained supported by prevailing supply threat in Indonesia,  where the labourers at Freeport McMoRan Copper & Gold mine are set to strike from September 15 to October 15 unless the firm meets their demands for a pay rise. Crude oil prices moved higher, underpinned by anticipation of a drawdown in US oil stockpiles.

NCDEX Commodity Market PEPPER, CHANA Updates:

Pepper futures may trade higher. Spot prices on matching demand and supply stayed steady at Rs 30,700 (ungarbled) and Rs 31,700 (MG 1) a quintal. Turmeric futures may remain downside. Spot turmeric dropped by Rs 100 a quintal further on Tuesday following poor demand. Chana futures may trade with a positive bias. Soybean futures may trade with weaker bias tracking lower quoting international prices.

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 →

NCDEX Agri Commodity Market (Pepper, Guar, Chana) Updates

Bearish tone continues to prevail at pepper futures as traders continue to book profit at higher levels after the rates shot up on firm International markets amidst pick up in export demand. However, the traders are expecting the exports and domestic demand to remain good and to pick up further in the Festive season.

Guar Seed futures are trading lower, suffering some profit booking after a good upmove in last session. Lower export demand from the US and other countries was weighing down the prices. However, reports of heavy rains in the growing areas of Rajasthan kept apprehensions of fall in productivity for the standing crop.

Chana futures have gained some strength on reports of lower global production for pulses. Major producers for pulses namely Myanmar, Australia and Canada are likely to report a fall in pulses production due to adverse weather conditions. Back home, the festive demand too continued to support the rates at the lower levels.

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 Updates and Trading Tips Today

GOLD EASES AS INVESTORS SELL TO PLUG OTHER LOSSES.

COPPER DIPS AS ECONOMIC, DEBT CRISIS FEARS MOUNT.
DOMESTIC OIL AND OILSEED QUOTE STEADY.
CRUDE OIL DROPS ON CONCERN DEBT CRISIS TO LIMIT GROWTH, FUEL NEED.

free mcx trading tips, mcx tips, mcx gold tips, mcx silver tips, mcx commodity trading tips, free mcx tips, mcx ncdex commodity trading tips, live gold prices, live silver prices, free commodity tips, commodities tips on mobile, commodity prices, commodity trading tips, ncdex tips, ncdex commodity tips, commodity market tips, commodity tips on mobile, support and resistance of mcx commodity, commodity tips free, gold tips, silver tips

Continue reading →

MCX Commodity Tips- Gold, Silver, Copper and Crude Updates Today

Gold prices can open on negative path tracking weak international cues as the rise in green back and expectation of some stimulus from the fed in upcoming meeting is prompting investors to book profit at higher levels. Gold can trade in range of 27,600-28,500 in near term. Base metals may remain in tight range amid mixed fundamentals. Crude oil prices can slide further tracking weak overseas cues.

Gold prices have receded further on Monday despite the plunge in equities and the risk aversion sentiments. Copper prices have fallen on Monday after witnessing a good move in last session. Crude prices have declined further as the dollar strengthened against Euro after the latest jitters in the euro-zone. 

Precious metals are trading lower 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 Trading Strategies for Today

GOLD DROPS 2PC AS STOCKS RALLY; DEBT CRISIS LENDS SUPPORT.
CRUDE OIL GAINS ON FORECAST STOCKPILE DROP AS CYCLONE BUILDS IN GULF OF MEXICO.
COPPER FIRMS ON SUPPLY FEARS.
DOMESTIC OIL AND OILSEED TRADE STEADY.

free mcx trading tips, mcx tips, mcx gold tips, mcx silver tips, mcx commodity trading tips, free mcx tips, mcx ncdex commodity trading tips, live gold prices, live silver prices, free commodity tips, commodities tips on mobile, commodity prices, commodity trading tips, ncdex tips, ncdex commodity tips, commodity market tips, commodity tips on mobile, support and resistance of mcx commodity, commodity tips free, gold tips, silver tips

Continue reading →

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.

Continue reading →

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

Continue reading →

FREE MCX TIPS & TREND TODAY

Historic run in gold prices may persist as it touched the landmark of USD 1,900 in COMEX. MCX Gold can trade in range of 27,600-28,500 while MCX Silver can trade in range of 64,000-68,000. Spot gold soared to an all-time high above USD 1,910 on Tuesday. 

Base metals may also trade sideways with negative bias. Copper futures fell to their lowest levels in more than one week as worries about a slowdown in the US. Copper may again test the support of 390 while lead may tumble further lower towards 102-103 in MCX. 

Crude oil may remain in green territory tracking positive international markets. Oil traded near a three-day high in New York. Crude oil may test USD 86 in NYMEX and 3,900 in MCX.

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 →