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.

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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.

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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.

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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.

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