Base Metal: Copper futures in reverse gear in noon

In the domestic market on Thursday Copper futures were little changed during the afternoon trade as participants trimmed their positions in the industrial metal amid drop in physical demand for copper in the domestic spot market.

Moreover, the prices for copper declined in the domestic markets due to a fall in demand for metal at the futures trade.

At the MCX, for Nov. 2016 contract copper futures is trading at Rs 328.15 per kg, downward by 0.06 %, after opening at Rs 328.20, against a previous close of Rs 328.35. It touched the intra-day lower of Rs 327.85. 

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The INR(rupee) depreciated by 14 paise 3 Feb, 2016

Domestic currency : The local currency went down 14 paise to 67.98 per dollar in the previous session of trading on sustained dollar requirement from banks & importers. Read Share tips

Most other Asian markets cracked in trade as mcx crude oil resumed its selloff. Japan's Nikkei traded low by 3 per-cent while South Korean Kospi went down 1.11 per-cent. Hong Kong's Hang Seng index went down 2.8 per-cent. Mainland CHina's CSI 300 index edged lower 0.96 per-cent.

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Copper updates & free stock tips for traders

Today, prices of Copper went high by 1.05 per-cent after the number of unemployed people in Germany fell more than estimated in Jan month, while the unemployment rate striked an all-time low indicating improving labor market in the region which increased the requirement outlook for the metal.Feb 2016 contract for copper futures were trading near Rs.313.40 per 1 kg, up by 1.05 per-cent, after unlocking at Rs. 309.50 as compared to previous ended price of Rs. 310.15.

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Mcx copper tips : Sensex slides over 400 pts 20 Jan

Today's market update : Sensex plunged more than 400 pts in morning trade Click for Mcx copper tips to touch its fresh 52-week low of 24,101.50, led by losses in ICICI BankBSE -2.88 %, HDFC Bank, RIL, HDFC, L&T and M&M.

The Nifty-50 slided over 100 pts to touch its fresh 52-week low of 7309, weighed down by losses in realty, power, metal, oil & gas, capital goods, & stocks of banking sector.

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Copper Tips and Updates for 7 July 2015

Copper Tips : Kicking off the week on a bearish note, Copper futures plunged more than 3 per cent in the domestic market on Monday as investors and speculators exited positions in the industrial metal amidst speculation that the fallout of the Greek contagion may hurt global business and investor sentiment, weakening growth in the world economy, adversely impacting copper demand. Majority of Greeks over the weekend voted against further austerity measures demanded by Greece’s creditors, which have ravaged the country’s cash-strapped economy, paving the way for the Mediterranean nation’s exit from the euro with Greece highly unlikely to secure any further European funding. Moreover, the recent stock market crash in China, the world’s biggest metals consumer, has cast a cloud over the country’s growth outlook, taking further toll on copper prices. China’s stocks regained on Monday after regulators suspended initial public offerings while the country’s brokerages vowed to purchase shares, the central bank promised to provide more liquidity for margin trading and mutual funds pledged to increase investment in their stock funds in measures aimed at restoring confidence in the country’s equities and halting the biggest three-week slide in stocks since 1992. Copper may rebound today as a pickup in US services growth signaled strength in the world’s biggest economy, lifting demand prospects for industrial metals. At the MCX, Copper futures for August 2015 contract closed at Rs 357.30 per 1 kg, down by 3.43 per cent after opening at Rs 368, against the last closing price of Rs 370. It touched the intra-day low-lying of Rs 355.90.

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DAILY REPORT ON COMMODITY MARKET 13 FEB 2015

Precious Metals

D A I L Y B U Z Z

GOLD

Gold prices fell by 0.09 per cent on Thursday at the domestic markets with events surrounding Greece in sharper focus and the implications for euro zone stability. However, losses were curbed in the midst of speculation of further monetary easing from the People's Bank of China after Tuesday's lower-than-expected inflation data.Gold futures for April 2015 contract, at MCX, were trading at Rs. 26,641 per 10 grams, down by 0.09 per cent after opening at Rs. 26,609 against the previous closing price of Rs. 26,665. It touched the intra-day low of Rs. 26,550 till the trading. (At 11.51 AM).

SILVER 

Silver prices fell Rs. 253 to Rs. 37,465 per kg at the futures trade today as speculators reduced positions amid overnight weakness in global markets.On the Multi Commodity Exchange, silver for delivery in May lost Rs. 253 or 0.67 per cent to Rs. 37,465 per kg with a turnover of 68 lots.Similarly, silver for delivery in March dropped by Rs. 237 or 0.63 per cent to Rs. 37,170 per kg in a business turnover of 1,208 lots.Marketmen said a weak trend in global markets, as strengthening dollar and prospects for higher US interest rates have curbed the precious metal’s appeal as a protection of wealth, put pressure on silver futures here.Meanwhile, silver dropped 0.71 per cent to $16.79 an ounce in New York in yesterday’s trade.

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DAILY BASE METALS & ENERGY REPORT 22 DEC 2014

Base Metals & Energy

D A I L Y B U Z Z

COPPER

Copper futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal after data showed a drop in the number of unemployment claims to the lowest level in six weeks, signaling an improving US labour market, lifting the demand outlook for copper.Jobless claims fell 6,000 to 289,000 in the week ended December 13. The gauge measuring US services stood at 53.6 in December, with a reading above 50 signaling expansion. US leading index rose 0.6 per cent in November 2014 over the previous month, when it climbed at the same pace.At the MCX, copper futures for February 2015 contract is trading at Rs. 404.20 per 1 kg, up by 0.56 per cent, after opening at Rs. 402.50, against the previous closing price of Rs. 410.95. It touched an intra-day high of Rs. 404.80. (At 11:49 AM).

CRUDEOIL

Crude oil futures slumped in the domestic market on Friday as investors and speculators exited positions in the energy commodity amid deepening concerns over a supply glut as Saudi Arabia, the biggest crude exporter and producer in the OPEC signaled that it will keep output steady despite a freefall in prices.Saudi Arabia’s Oil Minister Ali-Al-Naimi said that, for the OPEC and Saudi Arabia it would be “difficult, if not impossible” to give up market share by cutting supply, even as US crude production surges to the highest level in three decades.At the MCX, Crude Oil futures, for the January 2015 contract, is trading at Rs 3,508 per barrel, down by 1.65 per cent, after opening at Rs 3,545, against a previous close of Rs 3,567. It touched an intra-day low of Rs 3,476. (At 11:42 AM).

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TODAY COPPER & CRUDE OIL REPORT 09 DEC 2014

Base Metals & Energy

D A I L Y B U Z Z

COPPER

Copper futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal as an surprise dip in China’s imports last month raised hopes of further stimulus measures to spur growth in the world’s biggest metals consumer, lifting the demand outlook for the base metal. China’s inbound shipments fell 6.7 per cent, year on year in November 2014 while exports rose a less than estimated 4.7 per cent as China reported a trade surplus of USD 54.47 billion. At the MCX, Copper futures for February 2015 contract is trading at Rs. 405.15 per 1 kg, up by 0.43 per cent, after opening at Rs. 403.55, against the previous closing price of Rs. 403.40. It touched an intra-day low of Rs 405.20. (At 11:13 AM)

CRUDE OIL

Crude oil futures fell deeper into bear terrain on Monday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market amid speculation that US oil producers will respond to OPEC’s fight to maintain market share as American oil explorers increased the number of operating rigs last week, signaling no sign of a drilling slowdown. A stronger dollar curbed the demand for oil as an alternative investment. Further, Japan’s recession deepened as the economy shrank an annualized 1.6 per cent in the July-September 2014 period, compared to a previously reported 1.3 per cent decline. At the MCX, Crude Oil futures, for the December 2014 contract, is trading at Rs 4,046 per barrel, down by 1.8 per cent, after opening at Rs 4,115, against a previous close of Rs 4,120. It touched an intra-day low of Rs 4,035. (At 11:00 AM).

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DAILY COMMODITY COPPER , NICKEL TIPS & CORIANDER, CARDAMOM UPDATES 22 JAN 2014

Base Metals & Energy
COPPER   NICKEL
                                                               D A I L Y B U Z Z
COPPER
Copper prices fell by 0.31 per cent to Rs 455.05 per kg in futures trade today as speculators reduced
holdings due to sluggish demand from consuming industries in the spot market.

At the Multi Commodity Exchange, copper for delivery in February declined by Rs 1.40, or 0.31 per cent, to Rs 455.05 per kg in business turnover of 3,178 lots.

Similarly, the metal for delivery in April shed Rs 1.30, or 0.28 per cent, to Rs 460 per kg in 86 lots.

NICKEL
Nickel prices moved down by 0.53 per cent to Rs 890.30 per kg in futures market today on profitbooking by speculators driven by a decline in demand in the spot market.

At the Multi Commodity Exchange, nickel for delivery in January moved down by Rs 4.70, or 0.53 per cent, to Rs 890.30 per kg in a business turnover of 1,541 lots.

Similarly, the metal for delivery in February traded lower by Rs 4.20, or 0.47 per cent, to Rs 897 per kg in 104 lots.

Agro Outlook
CORIANDER  CARDAMOM
                                                            D A I L Y B U Z Z
CORIANDER
Coriander prices surged by 3.73 per cent to Rs 9,270 per quintal in futures trading today as speculators enlarged their positions on upsurge in spot market demand.

At the National Commodity and Derivative Exchange, coriander for delivery in April jumped by Rs 333, or 3.73 per cent, to Rs 9,270 per quintal with an open interest of 19,570 lots.

Similarly, the spice for delivery in February shot up by Rs 276, or 3.40 per cent, to Rs 8,388 per
quintal in 31,650 lots.

CARDAMOM
Cardamom remained higher for the second straight day and prices added 0.46 per cent to Rs 740.30 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on rising demand. Tight supplies in the physical market following less arrivals from producing belt also influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in March added Rs 3.40, or 0.46 per cent, to Rs 740.30 per kg in a business turnover of 50 lots. Likewise, the spice for delivery in February edged up by 90 paise, or 0.13 per cent, to Rs 709 per kg in 45 lots.

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MCX Copper Tips and Trend For Today

MCX Copper Trend

MCX Copper is trading well to get a buyinh position in it. It is trading at 429 levels now looking bullish for today's trading session. These are the enough reasons to make a strong bull trend in MCX copper. Strong resistance is waiting at 435 levels and support for copper is at 425 at the moment.

MCX Copper Tips

Copper is good at the moment. We suggest to hold mcx copper for 2 or 3 days to maximise your profit. For intraday purpose buy MCX Copper at lower levels as MCX Copper Tips. 

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MCX Copper Updates Tips and Trend For Today

MCX Copper Trend For Today

MCX copper is in consolidate to strong bullish trend. After getting 410 levels in this month now it is looking to recover from the early losses. Copper Trend suggest that it has a strong resistance at 426 and a crucial support at 414. On the LME copper has traded on a consolidate trend.

MCX Copper Updates

Current updates for Copper are to make a fresh position in MCX Copper to get high return for medium term.

MCX Copper Tips:

Copper is looking sideways so we suggest to make a buying position in copper after 421 to get the target of 426 or even more with a stop loss of 417. Get more tips in mcx copper please fill the free trial form.

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MCX & NCDEX Commodity Market News Today

MCX Commodity Market Updates:-

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. Today MCX Gold and MCX Crude Oil is trading at higher prices. MCX Silver and other Base Metals MCX Copper, Zinc, Lead are trading at lower prices.

• NYMEX crude trades near $85/bbl Tuesday after 2.9% gain yesterday.
• NYMEX gas trades higher Tuesday after 1.7% gain yesterday.
• LME Copper trades lower in early trades today after rallying yesterday.

NCDEX Agri Commodity Market Updates:-

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

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MCX Gold, Silver, Copper, Crude, Natural Gas Trading Tips Monday

MCX GOLD:-
For the next week MCX Gold above 26700 it can test the level of 26900/27100/27400. Trade by keeping the strict stop losses.

Major support in MCX Gold is 24900 and 24500.
Major resistance in MCX Gold is 28300 and 28800.

MCX SILVER:-
MCX Silver sustains above 53200 then it can test the level of 54200/55500/56800, Trade by keeping the proper stop losses. For the upcoming week MCX Silver, 62000 and 65000 will act as major resistance and 45000 and 42000 will act as major supports.

MCX COPPER:-
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. For next week MCX Copper sustains above 361 then it can test the level of 368/373/378 if it does not break the level of 350 on the downside. For the upcoming week MCX Copper major resistance would be 375 and 390 and supports would be found at 340 and 325.

MCX CRUDE OIL:-
NYMEX Crude is in consolidation phase. For the next week MCX Crude sustains below 4030 then below 4010 it can test the level of 3955/3905/3860 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 4130 and 4260 and major supports will be 3750 and 3550.

MCX NATURAL GAS:-
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. In MCX, if Natural Gas sustains below 170 in the coming week then it can test the level of 166/163/160, if it does not break the level of 177 on the upside. For MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.

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

GOLD PARES GAINS AFTER ECB HOLDS RATES.
CRUDE OIL DIPS AFTER ECB LEAVES RATES ON HOLD.
COPPER NEAR 1-WEEK HIGH, EUROPE STEPS REASSURE.

In MCX Bullions both metals MCX Gold and MCX Silver was closed at high prices. In Base Metals MCX Copper was also closed at higher prices. MCX Crude Oil was also closed at higher prices. We assume that today all commodity products all trading at higher prices. Today MCX Gold, MCX Silver, MCX Copper, Crude will trading at higher prices.

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MCX Gold Futures, Silver, Base Metals, Crude Trading Tips Today

Gold futures closed lower Tuesday. Spot Gold is currently trading at $1627, it is up by $2 for the day. MCX Gold Dec is trading at Rs. 26160, it rose by Rs. 150 for the day. Silver spot market is trading at $29.74, it is down by 43 cents. MCX Silver Dec contract is trading at Rs. 50229, it is trading flat for the day. Crude Oil is currently trading at $78.17 a barrel on the New York Mercantile Exchange. MCX Crude Oct is trading at Rs. 3855, it is trading up by Rs. 60 for the day. All base metals are trading in the positive territory today.

Precious metals are trading higher on COMEX today. We expect prices to trade higher for the day. Base metals are trading higher on International bourses today. We expect prices to trade higher for the day. Crude oil is trading higher on NYMEX today. We expect prices to trade higher.

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MCX Precious Metals, Base Metals, Crude oil Trading Tips

The Multi Commodity Exchange (MCX), COMDEX is trading down by 8.47 points, or 0.25%, at 3,348.29 after opening at 3,355.46. MCXMETAL is trading upward by 12.35 points, or 0.27%, at 4,511.66 after opening at 4,497.07. MCXENERGY is trading down by 30.44 points, or 1.10%, at 2,725.65 after opening at 2,725.17. MCXAGRI is trading down by 7.86 points, or 0.27%, at 2,936.50 after opening at 2,938.94.

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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MCX Bullions, base Metals, Crude Oil Updates Today

MCX Commodity Market Updates:-

MCX Gold prices may trade sideways with positive bias. MCX Gold and Silver both are trading at higher prices today. MCX Gold is trading above Rs. 52,000 and MCX Silver is trading above Rs. 26,000. Base metals may trade lower tracking weak opening in international markets. MCX Copper is trading at lower prices today. In Energy Crude oil prices may remain downbeat tracking weak opening in international markets. It is trading at lower prices today.

Base Metals may continue to trade with a weaker bias this week.
NYMEX crude fell 0.8% last week marking its second weekly decline. 
NYMEX natural gas fell 0.9% last week marking its third weekly decline. 

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MCX Gold, Silver, Copper, Crude, Natural Gas Trading Tips for next week

GOLD:
For the next week MCX Gold below 25400 it can test the level of 25100/24900/24600. Trade by keeping the strict stop losses.

Major support in MCX Gold is 24900 and 24500.
Major resistance in MCX Gold is 28300 and 28800.

SILVER:
MCX Silver sustains below 50000 then it can test the level of 48000/46000/44000, Trade by keeping the proper stop losses. For the upcoming week MCX Silver 62000 and 65000 will act as major resistance and 45000 and 42000 will act as major supports.

COPPER:
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. For next week MCX Copper sustains below 343 then it can test the level of 340/335/331 if it does not break the level of 350.20 on the upside. For MCX Copper major resistance would be 365 and 380 and supports would be found at 340 and 325.

CRUDE OIL:
For the coming week MCX Crude Oil major resistance is found at 4130 and 4260 and major supports will be 3750 and 3550. For the next week MCX Crude sustains below 3950 then below 3900 it can test the level of 3850/3790/3760 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 181 in the coming week then it can test the level of 176/173/170, if it does not break the level of 188 on the upside. For the upcoming week MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.

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MCX Commodity Market Analysis Report & Trading Tips

In MCX both Bullion Metals MCX Gold and MCX Silver prices again come down and trading at lower prices. MCX Gold prices may trade sideways with volatile bias as prices have again come down to support of 25,000-26,000. MCX Silver prices is also down and trading near at Rs. 50,000. All Base Metals Prices is also come down and trading at lower prices. MCX Copper is trading near at Rs. 345. In MCX Energy Products both Crude Oil and Natural Gas prices is also down and trading at lower prices. Due to the weak opening in international markets Crude Oil prices can trade on negative path.

• NYMEX crude sheds early losses to trade little changed near $81/bbl level. 
• NYMEX gas trades little changed after 1.8% slide yesterday. 

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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.

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