MCX Commodity Tips ~ Gold, Silver, Copper, Crude Oil Updates Today 10 April 2013

Gold eased at the domestic bullion market today on further selling from stockists and investors and subdued retail buying, mainly influenced by bearish global trend. Silver ended stable amidst thin activity. Standard gold of 99.5 per cent purity fell by Rs 100 to finish at Rs 29,300 per 10 grams from Monday's closing level of Rs 29,400. 

Pure gold of 99.9 per cent purity also slid by a similar margin to conclude at Rs 29,450 per 10 grams from Rs 29,550. Silver ready (.999 fineness) quoted steady at its previous level of Rs 52,500 per kilo. At the global front, gold declined on strong dollar as well as continued outflows from exchangetraded funds (ETF) put pressure on the metal. 

In New York, gold for June delivery slipped USD 3.40 to USD 1,572.50 an ounce on the Comex division of the NYMEX late yesterday. Silver for May contract went down 8 cents to USD 27.14 an ounce.

Brent crude futures rose above $105 per barrel on Tuesday after data showed China's inflation in March was slower than expected, giving its central bank room to keep monetary policy easy and supportive of oil demand in the world's second-biggest consumer. 

Oil prices were also underpinned by worries over increasing tension in North Korea and a stalemate in talks between Iran and Western nations. Front-month Brent futures rose 55 cents to $105.21 per barrel by 0445 GMT, after moving in a $2-range and finishing 0.5 percent higher in a choppy session on Monday. 

U.S. crude futures rose 31 cents to $93.67 per barrel. Brent may trade between $103 and $110 per barrel in coming weeks, LeBrun added. 

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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. 

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MCX Commodity Updates ~ Gold, Silver, Copper, Crude Oil Tips Today 02 April 2013

Gold prices recovered by Rs 130 to Rs 30,200 per ten grams in the national capital today on fresh buying by stockists. However, silver held steady at Rs 53,500 per kg on lack of buying support from industrial units and coin makers. On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 130 each to Rs 30,200 and Rs 30,000 per ten grams, respectively, while sovereign held steady at Rs 25,250 per piece of eight gram. On the other hand, silver ready held steady at Rs 53,500 per kg while weekly-based delivery lost Rs 150 at Rs 53,750 per kg on lack of speculators buying support.

Base metal prices fell up to Rs 5 per kg on the local non-ferrous metals market today on stockists selling in tandem with a weak Asian trend. Meanwhile, copper for delivery in July fell 2 per cent to close at USD 8,656 a tonne, the lowest level since July 25 on the Shanghai Futures Exchange. In the national capital, copper and nickel (4x4) fell Rs 5 each to Rs 432 and Rs 1,052-1,055 per kg, respectively. Zinc ingot, lead ingot and lead imported were also traded lower by Rs 2 each to Rs 123-129, Rs 142 and Rs 140 per kg, respectively.

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Weekly MCX Commodity Market Updates & Tips

Gold (April): Gold is expected to move in the range of 29000-29800 during the week ahead.

Silver (May): Silver is expected to move in the range of 51000-54500 during the week ahead. 

Crude Oil (Apr.): Crude is expected to move in the range of Rs 5300-5500 during the week ahead. 

Natural Gas (Apr): Natural Gas is expected to move in the range of 215-228 during the week ahead.

Copper (April): Copper is expected to move in the range of 400-420 during the week ahead.

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MCX Silver Tips, Copper Updates, Gold Tips, Crude Updates 23 May 2012

Gold along with silver may continue to remain on volatile path with some profit booking can be seen at higher levels. Gold can trade in range of Rs. 28,900-29,200 and silver can trade in range of Rs. 53,700-55,000 in near term. Base metals counter can open with negative note tracking weak overseas cues. Copper may trade in range of Rs. 425-435 while Lead may trade in range of Rs. 107-109 and zinc in range of Rs. 104-107 in near term. Crude oil can also trade in range of Rs. 5,080-5,180 with positive bias.

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Copper Updates, NCDEX, MCX Silver Tips, Gold Updates 22 May 2012

Today gold is trading above Rs. 29,000 and silver is trading at higher levels. All base metals are trading at mixed price today. Copper is trading in the range of Rs. 425-430 in todays' trading session. In energy, naturalgas is trading at negative price. Crude oil is trading at positive price today, it may trade in the range of Rs. 5100-5200.

NCDEX Agri Commodity Updates Today:
Outlook for Soybean is up for the day. CPO is expected to trade up for the day. Outlook for Chana is sideways to up for the day. Outlook for Jeera is up for the day. Pepper futures to trade higher for the day.

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Weekly MCX Gold, Silver, Crude oil Report 14 May - 19 May 2012

Gold is looking technically weak on charts. Last week Gold was trading in a bearish trend for most part of the week. In this week 27,900 will act as a major support in Gold and 29,100 will act as a major resistance. For this week traders can use sell on higher level strategy if Gold sustains below 28,300 then below 28,200 it can test the level of 28,050/ 27,910.

Silver is technically weak on charts. Last week Silver was trading on lower side for most part of the weak. For this week 53,000 and 51,450 are the major supports whereas 55,300 and 56700 are major resistance in MCX Silver. For this week traders can use sell on higher level strategy. If Silver sustains below the level of 53,400 then below 53,000 Silver can test the level of 52,520/ 52,000.

Crude is in a consolidation around lower levels. Last week Crude Oil was trading in a range of 5,260 to 5,120. For this week 5,000 and 4,840 will act as major supports and 5,270 and 5,490 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 5,130 then below 5,100 it can test the level of 5,060/ 5,000.

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MCX Gold & Silver Tips, NCDEX Live Tips, Copper & Crude Updates

Today MCX gold and silver are trading at negative prices. Gold is trading in the range of Rs. 28,300-28,500 and silver may touch the levels of Rs. 54,000 in upcoming trading session. All base metals are trading at negative note today. Copper is trading in the range of Rs. 432-438. Crude oil and natural gas are also trading at lower levels today. Crude oil is trading in the range of Rs. 5100-5200.

NCDEX Agri Commodity Market Updates Today:
Pepper futures prices are projected to extend the positive trend on lower level buying due to shifting of positions in far months. Turmeric prices are expected to continue the positive trend backed by prevailing bullish sentiments. Jeera futures prices are projected to continue the corrections on profit booking during early trading hours. Cardamom prices are expected to continue the positive trend on back of rising demand from local buyers and exporters.

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MCX, NCDEX, Gold & Silver Tips, Copper & Crude Updates 10 may 2012

Today gold, silver, copper, crude oil and all other products in MCX commodity market are trading at negative price. Gold is trading in the range of Rs. 28,300-28,600 and silver is trading in the range of Rs. 54,000-55,000. Copper is trading below Rs. 440 after touch its highest levels of Rs. 448. Crude oil is also trading at lower levels. It is trading in the range of Rs. 5100-5200 in today's trading session. We expect that prices to trade lower for the day.

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MCX NCDEX Tips, Copper Updates, Gold Updates Today 09 May 2012

Gold along with silver can trade sideways. Stronger rupee can keep the prices under pressure. Both gold and silver are trading at negative price today. Base metals counter can trade sideways with negative bias. Copper may trade in range of 430-436 while Lead may trade in range of 111-113 and zinc in range of 105-107 in near term. Crude oil can trade with mixed bias in range of Rs. 5,150-5,250 in domestic market.

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NCDEX Live Updates ~ NCDEX Agri Commodity Tips Today

Turmeric futures (June) is expected to trade higher supported by improved demand from local buyers amid a decline in daily supplies. Pepper futures (May) is likely to remain in bearish zone & trade below 37,600 levels. Jeera futures may trade higher due to a pick up in overseas demand on the back of competitive prices. Soybean futures may trade sideways with a bearish bias on extended profit-taking. Chana futures may trade higher on declining arrivals and strong consumer demand at the spot markets.

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MCX Commodity Tips, Silver Tips, Copper Updates Today 03 May 2012

MCX Silver Tips, Gold Updates:
Gold along with silver can trade choppy on mixed fundamentals. Gold can trade in range of 29,000-29,350 and Silver July contract can trade in range of 56,000-57,500 in near term.

MCX Base Metals Tips, Copper Updates:
Base metals counter can trade with mixed bias with mild profit booking can be seen at current levels. Copper may trade in range of 440-450 while Lead may trade in range of 112.50-113.50 and zinc in range of 106.50-108.50 in near term.

Crude Updates Today:
Crude oil can trade on flat note tracking mixed overseas cues. It can trade in range of 5,550-5,650 in MCX.

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MCX Gold and Silver Tips, NCDEX Tips, Copper & Crude Updates 02 May 2012

Gold along with silver can trade sideways with mixed bias as Gold can trade in range of 29,000-29,500 and Silver July contract can trade in range of 56,500-58,000 in near term. Base metals counter can trade with mixed bias and as some profit booking can be seen after recent rise. Copper may trade in range of 445-455 while Lead may trade in range of 113-115 and zinc in range of 107.5-109 in near term. Crude oil can trade with positive bias in range of 5,550-5,650 in MCX.

NCDEX Agri Commodity Market Updates Today:
Cardamom futures are expected to trade sideways. Pepper futures may trade bearish due to lack of demand at the spot markets. Turmeric prices are expected to trade on negative note. Turmeric futures (May) is expected to break 3,500 levels. Jeera futures prices are projected to continue the positive trend.

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MCX Commodity Market Updates Today 01 May 2012

Today MCX Gold, Silver, Copper, Crude oil and other metsla are trading at positive prices. Gold is trading above Rs. 29,200. It may touch the levels of Rs. 29,500 in upcoming trading session. MCX Silver is trading in the range of Rs. 55,400-55,600. Copper is trading above Rs. 445, it may touch the levels of Rs. 450 in upcoming trading session. Crude oil is trading in the range of Rs. 5500-5560.

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Weekly MCX Commodity Market Report 30 April - 05 May 2012

MCX Gold (June):
For this week traders can use buy on lower level strategy if MCX Gold above 29200 it can test the level of 29350/29500/29650. Trade by keeping the strict stop losses.
Major support in MCX Gold is 27200 and 26400.
Major resistance in MCX Gold is 29600 and 30400.

MCX Silver (July):
For this week traders can use buy on lower level strategy if MCX, Silver sustains above 57200 then it can test the level of 58500/59100/59450, Trade by keeping the proper stop losses. In MCX Silver 58500 and 60500 will act as major resistance and 54400 and 52500 will act as major supports.

MCX Copper (May):
For this week traders can go for buy on lower level strategy in Copper. In MCX, Copper sustains above 436 then it can test the level of 451/458 if it does not break the level of 431 on the downside. For this week MCX Copper major resistance would be 455 and 470 and supports would be found at 425 and 410.

MCX Crude Oil (June):
For this week traders can use buy on lower strategy, if MCX Crude sustains above 5450 then above 5530 it can test the level of 5580/5630 in this week. Trade by keeping the proper stop loss. MCX Crude is in consolidation phase. For this week MCX Crude Oil major resistance is found at 5650 and 5770 and major supports will be 5250 and 5050.

MCX Natural Gas (June):
For this week MCX Natural Gas major resistance would be 125 and 134, supports would be found at 95 and 80.

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MCX Gold & Silver Tips, Copper & Crude Updates Today

MCX Gold and Silver both are trading at higher prices today. Today Silver is trading above Rs. 55,500 and Gold price may touch the levels of Rs. 29,000 in upcoming trading session. All base metals are trading on a positive note today. Copper is trading above Rs. 430. Its is trading in the range of Rs. 428-436. Crude oil is trading in the range of Rs. 5480-5530.

Intraday Trading Strategy:
MCX Gold June contract may trade in Rs 28,800-29,000.
MCX Silver May contract may trade in Rs 55,500-55,800 range.

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Copper Updates, MCX Gold & Silver Tips, Commodity Updates 25 April 2012

Precious metals are trading flat on MCX today. Gold is trading in the range of Rs. 27,750-28,820 and Silver is trading above Rs. 55,700 in today's trading session. We expect prices to trade lower for the day. All base metals are trading on a flat note today. Support for April copper is seen at Rs.421 while resistance is seen at Rs.432. We expect prices to trade range bound for the day. Crude oil is trading flat on MCX today. Crude oil price may touch the levels of Rs. 5500 in upcoming trading session. We expect prices to trade range bound for the day.

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MCX NCDEX Tips ~ Commodity Market Updates Today 20 April 2012

MCX Gold and Silver are trading at flat prices today. All base metals are trading on a positive note today. MCX Copper may trade in a narrow range tracking range bound movement in international exchanges; Support for April copper is seen at Rs.415 while resistance is seen at Rs.426. Crude oil is trading above Rs. 5400. We expect that it may trade at higher price today.

Intraday Trading Strategy:
MCX Gold June contract may trade in Rs 28,900-28,350.
MCX Silver May contract may trade in Rs 57,500-55,500 range.

MCX Tips on Mobile CLICK HERE MCX Updates

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MCX Gold and Silver Tips, Copper Updates, Gold Updates Today 18 April 2012

Gold futures along with silver can open in positive territory tracking firm opening in international markets. Gold can trade in range of Rs. 28,350-28,650 and silver can also trade in range of Rs. 55,500-56,500 in near term. Base metals counter can trade sideways with positive bias with some short covering seen at current levels. Copper may trade in range of Rs. 413-417 while Lead may trade in range of Rs. 106-108 and zinc in range of Rs. 102-104.40 in near term. Crude oil can also trade on firm path continuing yesterday gains and can test 5,400 in MCX.

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Copper Updates, MCX Gold and Silver Tips Today 17 April 2012

Today MCX Gold, Silver, Copper, Crude oil all are trading at mixed prices. Gold prices fell in quiet trade on Monday. Silver traded flat, with data showing stocks in U.S. exchange warehouses rose sharply due to lackluster industrial demand and rising mine output. All base metals are trading on a flat note today. MCX Copper may note some decline tracking international exchanges, however the downside remains capped. Crude oil is trading in the range of Rs. 5300-5400 in today's trading session.

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