Commodity tips & updates for 16 Dec, 2015

Prices of Chana ended lower by 0.08 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. 

At NCDEX, chana futures for Dec 2015 contract closed at Rs. 5,078 per quintal, down by 0.08 per-cent, after starting at Rs. 5,095 as compared to the previous closing price of Rs. 5,082. It attained the intra-day low of Rs. 5,035.

 

Ncdex : Maize prices closed down by 1 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher world wide supplies and weak offtakes from the native buyers.

At the NCDEX, maize futures for Dec 2015 contract closed at Rs. 1,481 per quintal, down by 1 per-cent, after unlocking at Rs. 1,475 against the previous closing price of Rs. 1,496. It attained the intra-day low of Rs. 1,475.

Sentiment weakened further as a result of a decline in the requirement for the commodity segment from bio-fuel making industries tracking the weak world markets. 

Click For Free trial

http://www.researchvia.com/free-trials/

Continue reading →

Natural Gas futures Climbed in the Domestic Market on Monday

 

Natural Gas futures climbed in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking gains in the overseas market as forecasts for cold temperatures across key gas consuming regions of the US bolstered the demand outlook for the heating fuel in the world’s biggest economy.

Latest weather forecasting models called for below-normal-temperatures throughout the East Coast from October 17 to October 21.

About 49 per cent of US households use natural gas for heating purposes.

At the MCX, Natural Gas futures for October 2015 contract closed at Rs 164.7 per mmBtu, up by 0.98 per cent, after opening at Rs 164, against the previous closing price of Rs 163.1. It touched an intra-day high of Rs 165.7.

Read more - Free commodity tips

Continue reading →

Commodity Tips and Updates for 13 July 2015

Commodity Tips : Jeera prices closed higher by 0.22 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At NCDEX, jeera futures for July 2015 contract closed at Rs. 16,205 per quintal, up by 0.22 per cent, after opening at Rs. 16,210 against the previous closing price of Rs. 16,170. It touched the intra-day high of Rs. 16,380.

Maize prices ended lower by 0.49 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At NCDEX, maize futures for July 2015 contract closed at Rs. 1,218 per quintal, down by 0.49 per cent, after opening at Rs. 1,225 against the previous closing price of Rs. 1,224. It touched the intra-day low of Rs. 1,210.

Continue reading →

MCX Tips: Gold Silver Updates Today

MCX Gold

Gold futures prices are showing quite rigidness, staying within a stiff range amid an upheaval of Greece remaining within the Euro. Despite yesterday’s G-20 meet confronts with a relaxed terms on Greece’s bailout, the metal could have had hardly any gain while the Euro rallied. With the broad tend looking positive, intraday weakness could only be seen if prices stay below 30370 region towards 30200/130 levels or even lower. However, a vertical rise through 30370 region could activate fresh rally towards 30500/30700.

Buy is suggested in MCX Gold Aug around 30200, Target of 30280-30360 with a stoploss of 30145.

MCX Silver

Silver futures prices have changed a little at early Globex with slight support from the Asian equities. Market may remain quite volatile today evening ahead of the FOMC meeting. In MCX broad trading range is seen inside 55350-54000 levels, either side breakout would be required to suggest fresh directional moves. Direct rise above 55350 will be an early signal of short covering rally towards 56100/57000.

We suggest a buy in MCX Silver Jul around 54350, Target: 54700-55100 with a stoploss of 54230.

Continue reading →

MCX Live: Gold Silver Tips For Today

MCX Gold Tips

Gold is set to advance for a fifth day in the longest winning streak since April on speculation that the U.S. Federal Reserve will take additional steps to buoy the economy, potentially weakening the dollar. Gold suggest that prices are trading close to a crucial resistance of 30150. Stochastic is losing its strength. We expect prices to correct up to levels of 29700.

Trading Call: Sell around 30150 levels with a stop loss placed above 30300 levels for targets of 29700 levels.

MCX Silver Tips

The white metal touched an intra-day low of $28.71/oz and closed at $28.80/ on Wednesday. In the Indian markets, prices declined by 0.1 percent and closed at Rs.55,015/kg in yesterday’s trading session. MCX Silver suggest that prices have breached the crucial resistance of 55100. RSI is in a buy mode. We expect prices to go up to levels of 55700.

Trading Call: Buy around 55100 levels with a stop loss placed below 54800 levels for targets of 55700 levels.

Continue reading →

Crude Updates and MCX Tips For Today

Crude Updates

Sharp decline in crude oil. Down nearly 2 per cent to Rs 4,600 on MCX crude oil has come to. The effect of the decline in the international market has had on the domestic market. Decreases in interest rates in China, there are signs of a bad economic situation.

Currently oil futures prices are hovering below $83.50/bbl with loss of more than 1 percent in electronic platform. Most of the Asian stocks have headed for a downside trend in lieu of Bernanke statement given on yesterday. Plunge in Global financial market is witnessed after hope of further monetary stimulus became vein as Fed denied for it. Thus, we may expect the impact is to remain for the day by over shadowing China’s interest rate cut for the first time in last four years.

Free Commodity Tips For Today

• MCX Crude oil (June futures): Sell 4624, stoploss of Rs 4675 and the target is 4540.
• MCX gold (August futures): Sell 29290, stoploss of Rs 29370 and the target is 29010.
• MCX Silver (July futures): Sell 53690, stoploss of Rs 54050 and the target is 53000.
• MCX Copper (June futures): Sell 408, stoploss of Rs 410.60 and target is 402.
• MCX Zinc (June futures): Sell 104.40, stoploss of Rs - and target 105.40 is 102.50
• MCX Lead (June futures): Sell 105, stoploss of Rs - 105.90 and the target is 103.
• MCX Aluminum (June futures): Sell 108.60, stoploss of Rs - 109.50 and the target is 106.60
• MCX Nickel (June futures): Sell 915, stoploss of Rs 930 and the Target is 895.

Continue reading →

MCX Copper Tips and Trend For Today

Copper Updates:

Today London Metal Exchange is closed due to diamond jubilee celebrations while at Comex electronic platform Copper is trading down by 1.2 percent. The Asian equities are also down by more than a percent owing to weak services PMI numbers from China and lower demand for vehicles and durables around the globe. Base metals at Shanghai are also trading down owing to weak domestic demand and deteriorating western development. In today’s session, metals may remain subdued, as the largest metals market would remain closed.

The red metal’s inventories on the LME warehouses increased around 4.4 percent to 230,875 tonnes on 1st June 2012 from the previous level of 223,500 tonnes on 25th May 2012. Weekly copper inventories at warehouses monitored by the Shanghai Futures Exchange decreased sharply by 6.6 percent to 147,044 tonnes last week.

The base metals pack is expected to trade on a range bound note today as the LME is closed today and tomorrow on account of Spring & Diamond Jubilee holiday. In the domestic markets, sharp downfall in prices will cushioned on account of depreciation in Indian Rupee.

Continue reading →

MCX Copper Updates (Tips and Trend) For Today

Copper News

Copper, was the worst performing commodity in the base metals pack yesterday as it declined around 1 percent on the LME. The metal came under pressure on the back of slow GDP growth in the US. Additionally, LME copper inventories rose by 1.6 percent and stood at 230,675 tonnes. A stronger dollar index too exerted downside pressure on the red metal. Copper traders are the most bearish since September and hedge funds are betting on price declines as concern that Europe’s debt crisis is deepening drove the metal to the lowest this year. The metal slid the most since September in May as concern about Greece’s future in the euro and spreading of the region’s crisis grew.

MCX Copper Trend

From an intra-day perspective we expect base metals to trade with a negative bias today on the back of rise in risk aversion in the global markets. Additionally, latest data from China showed a fall in the manufacturing PMI, indicating a slowdown in the Chinese economy which is the major consumer of base metals. This news will act as a bearish factor for base metals today.

Technically chart of Copper suggest that prices have breached the bottom to bottom rising trend line. RSI is in a sell mode. We expect prices to correct up to levels of 413.

Continue reading →

MCX NCDEX Tips, Copper Updates, Gold and Silver Tips 30 may 2012

Precious metals are trading lower on MCX today. We expect prices to trade lower for the day. All base metals are trading on a negative note today. We expect prices to trade lower for the day on account of increasing worries about the Spain's debt issue. Crude oil is trading flat on MCX today. We expect prices to trade lower for the day.

NCDEX Agri Commodity Market Updates Today:
Pepper futures prices are projected to trade on mixed to volatile note on back of prevailing speculative activities. Turmeric prices are expected to continue the recovery during early trading hours on extended short covering. Jeera futures prices are projected to trade on slightly positive note on lower level buying on back of declining arrival at spot market of Unjha. Cardamom prices are projected to continue the recovery during early trading hours.

Free Tips on Mobile CLICK HERE Copper Updates

Continue reading →

Weekly MCX Commodity Market Updates and Tips

Gold is looking technically strong on charts. Last week Gold was trading in consolidation for most part of the week. In this week 27,730 will act as a major support in Gold and 29,320 will act as a major resistance. For this week traders can use buy on lower levels strategy. If Gold sustains above 29,200 then above 29,320 it can test the level of 29,470/29,640.

Silver is consolidating on charts. Last week Silver was trading in a range for the entire weak. For this week 51,000 and 48,000 are the major supports whereas 56,000 and 58,750 are major resistance in MCX Silver. For this week traders can use buy on lower levels strategy. If Silver sustains above 55,650 then above 56,100 Silver can test the level of 56,750/57,250.

Crude is in a consolidation around lower levels. Last week Crude Oil was trading in a range of 5,000 to 5,200 for the entire week. For this week 4,880 and 4,700 will act as major supports and 5,170 and 5,270 will act as major resistance in Crude Oil. For this week traders can use sell on higher level strategy, if MCX Crude sustains below the level of 5,030 then below 5,000 it can test the level of 4,950 /4,900.

MCX Tips on Mobile CLICK HERE MCX Updates

Continue reading →

MCX Commodity Tips, NCDEX, Copper Updates, Gold and Silver Tips Today

Gold along with silver may bounce back from lower levels due to short covering. Gold can trade in range of Rs. 27,900-28,300 and silver can trade in range of Rs. 51,500-53,000 in near term. Base metals counter can trade in green zone as some lower level buying can be seen at current levels. Copper may trade in range of Rs. 417-427 while Lead may trade in range of Rs. 106-108 and zinc in range of Rs. 102.50-104 in near term. Crude oil can bounce back from lower levels tracking firm overseas cues. Crude can trade in range of Rs. 5,000-5,150.

NCDEX, Agri Commodity Tips, NCDEX Live Tips:
Pepper futures to trade higher for the day. Pepper futures (June) is likely to take support above 37,300 levels and trade sideways. Turmeric futures (June) is likely to trade with a positive bias tracking a bullish spot market. Jeera futures (June) is likely to trade range bound facing resistance near 14,100 levels. Cardamom futures are expected to extend its uptrend because of strong demand to meet the festive season.

Commodity Tips on Mobile CLICK HERE MCX Updates

Continue reading →

NCDEX ~ Agri Commodity Market Tips and Updates Today

Pepper futures to trade lower for the day. Pepper April futures prices are expected to extend the bearish trend on sluggish spot market activity. Turmeric prices are expected to extend the down trend amid rising arrivals at spot front. Outlook for Jeera is down for the day. Jeera April futures prices are expected to trade on lower note extending the losses. Cardamom futures prices are expected to trade slightly lower initially during the day. Guar Complex is expected to trade lower for the day. Outlook for Soybean is up for the day. Outlook for Chana is  sideways to up for the day.

Continue reading →

MCX Market Data - Copper Updates, Crude Updates, Bullion Tips

Today Gold, Silver, Copper, Crude and other base metals in Commodity market are trading at positive prices. MCX Gold is trading in the range of Rs. 27,600-27,900 and MCX Silver is trading in the range of Rs. 53,100-53,400. MCX Copper is trading above Rs. 390 and MCX Crude is trading above Rs. 5000. All base metals are trading on a flat note today. We assume that all are trading at higher levels in today's trading session.

Precious metals (Gold and Silver) are trading higher on commodity market today. We expect prices to trade higher for the following trading session. All base metals are trading higher on International bourses today. We expect prices to trade higher for the day due to the euro zone debt crisis.  Crude oil is trading higher today. We expect prices to trade higher for the following trading session.

Continue reading →

MCX Gold and Silver Tips - Copper Updates, Crude Updates

Today all products in MCX Commodity Market are trading at negative prices. MCX GOld, Silver, Copper, Crude and other base metals are trading at lower levels today. MCX Gold is trading below Rs. 29,000 and MCX Silver is trading near at Rs. 56,300. MCX Copper and Crude prices are also very down. MCX Copper is trading below Rs. 410. We assume that all are trading at lower levels in today's trading session.

Gold futures may trade in consolidation as international prices are trading in negative zone. Copper futures may trade sideways facing resistance near 415.70 levels. Crude oil futures may trade sideways.

Continue reading →

MCX Gold, Silver, Copper, Crude, NCDEX Agri Trading Tips Today

Today we can see many changes in the prices of MCX Gold, Silver, Copper and other base metals. Tomorrow MCX commodity market will not open due to the festival holiday. Today MCX Gold is trading at above Rs. 29,000 and MCX Silver is trading above Rs. 57,000. MCX Copper and Crude are trading at positive prices. MCX Copper is trading above at Rs. 410. We assume that MCX Copper and Crude are trading at higher prices today. MCX Gold and Silver are also trading at higher levels OR same for the day.

Precious/Bullion (Gold and Silver) metals are trading flat on MCX today. We expect prices to trade higher for today's trading session. All base metals are trading flat on International bourses today. Crude oil is trading higher on NYMEX and MCX today. We expect prices to trade higher for today trading
session.

NCDEX Agri Commodity Market Updates and Trading Tips:
Pepper futures may trade in negative zone. Pepper futures to trade lower  for the day. Cardamom futures may remain sideways. Outlook for Chana is up for the day. Chana futures may trade sideways. Guar Complex is expected to trade sideways to lower for the day. Outlook for Soybean is seen down for the day. CPO is expected to trade lower. Outlook for Jeera is sideways to down for the day.  Turmeric futures may remain sideways.

Continue reading →

MCX Commodity Market Updates Today

Yesterday MCX GOld, Silver, Copper, Crude and other base metals were closed at negative prices. MCX Copper trading at above Rs. 400. Today all are trading at lower prices. MCX Silver price may touch the level of Rs. 55,000.

GOLD HITS 2-WEEK HIGHS AFTER CENTRAL BANKS ACT.
CRUDE OIL RISES TO TWO-WEEK HIGH AFTER CENTRAL BANKS BOOST LIQUIDITY.
COPPER FALLS AFTER CHINA, EURO ZONE FACTORY DATA.
DOMESTIC OIL AND OILSEED TRADE LOW.

Continue reading →

MCX Commodity Market News and Updates Today

Today again most of the products in MCX Commodity Market are trading negative. MCX Silver and Crudeoil are trading at higher prices today. MCX Gold, Naturalgas and all Base Metals are trading at lower prices today. We assume that all are trading same for the day. Today all Base Metals in MCX Commodity Market are trading negatively. Today in Bullion Metals MCX Gold and Silver prices are very up and down in trading session.

MCX Gold Dec is currently at Rs. 28920, it is trading up by Rs. 34 points for the day. MCX Silver Dec is currently trading at Rs. 57190, it is down by Rs. 500. MCX Crude Oil December is currently trading at Rs. 4943, it is trading up  by Rs. 13 for the day. All base metals are trading on a negative note today.

Pepper futures to trade lower for the day. Outlook for Soybean is seen up for the day. CPO is expected to trade higher. Guar Complex is expected to trade lower for the day. Outlook for Chana is up for the day. Outlook for Jeera is sideways to up for the day. 

Continue reading →

Weekly MCX Commodity Market Updates and News

GOLD
For the next week MCX Gold above 29080 it can test the level of 29280/29480/29680. Trade by keeping the strict stop losses. Major support in MCX Gold is 28000 and 27100.

SILVER
For the next week MCX Silver sustains above 58300 then it can test the level of 59200/60500, Trade by keeping the proper stop losses. For the upcoming week MCX Silver, 62000 and 65000 will act as major resistance and 52000 and 48000 will act as major supports.

COPPER
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. MCX Copper sustains above 385 then it can test the level of 390/395/399 if it does not break the level of 374 on the downside. For the upcoming week MCX Copper major resistance would be 415 and 425 and supports would be found at 375and 355.

CRUDE
NYMEX Crude is in consolidation phase. For the coming week MCX Crude Oil major resistance is found at 5100 and 5300 and major supports will be 4600 and 4350. For the next week MCX Crude sustains below 4870 then below 4740 it can test the level of 4680/4620/4560 in this week. Trade by keeping the proper stop loss.

NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. MCX Natural Gas sustains below 178 in the coming week then it can test the level of 173/169/165, if it does not break the level of 188 on the upside. For the upcoming week MCX Natural Gas major resistance would be 205 and 215, supports would be found at 165 and 155.

Continue reading →

MCX Commodity Market News Today

Today MCX Commodity Market is open at 5 o'clock due to the holiday. Now MCX Commodity Market is open in mixed trade. MCX Gold, Silver, Copper and other base metals are open negative and trading at lower prices today. MCX Crudeoil, Naturalgas, in base maetals MCX Nickel, Aluminium are open positive and trading at higher prices today. We assume that all are trading same for the day.

Yesterday Gold gained Rs 200, to hit an all-time high of Rs 29,140 a ten grams and Silver ready gained Rs 650, to Rs 58,000 a kilo.

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 Gold, Silver, Base Metals, Crude Oil News and Tips Today

Today all the products in MCX Commodity Market are mixed trading. Today MCX GOld, Crude Oil, Naturalgas are trading at higher prices and MCX Silver, Copper and other Base Metals are trading at lower prices. We assume that all are trading same for the day.

MCX Copper may note some decline tracking international markets. MCX Aluminium may note some gains tracking international markets. Support for Aluminum November contract is seen at Rs. 105 while resistance of Rs.108.5. MCX Zinc note some decline tracking international exchange. Support for MCX Zinc November contract is seen at Rs.96.5 while resistance is seen at Rs.99.5. MCX Nickel may note some decline tracking international markets. Support for MCX Nickel November contract is seen at Rs.915 while resistance is seen at Rs.940.

FREE mcx tips on mobile, free mcx, mcx silver, mcx commodity tips, mcx crude oil today, mcx report in silver, free commodity tips, gold mcx, mcx gold price, mcx market

Continue reading →