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.

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Weekly MCX Commodity Market Updates and News

GOLD
For the next week traders can use sell on higher level strategy if MCX Gold below 28400 it can test the level of 28200/28010/27800. Trade by keeping the strict stop losses.

Major support in MCX Gold is 28000and 27100.

SILVER
MCX Silver, 62000 and 65000 will act as major resistance and 52000 and 48000 will act as major supports. For the next week traders can use sell on higher level strategy if MCX Silver sustains below54500 then it can test the level of 53000/52000/51000, Trade by keeping the proper stop losses.

CRUDE
For the coming week MCX Crude Oil major resistance is found at 5200 and 5400 and major supports will be 4600 and 4350. For the next week traders can use sell on higher level strategy, if MCX if Crude sustains below 4940 then below 4890 it can test the level of 4830/4770/4720 in this week. Trade by keeping the proper stop loss.

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 395 then it can test the level of 399/404/409 if it does not break the level of 385 on the downside. For the upcoming week MCX Copper major resistance would be 415 and 425 and supports would be found at 375and 355.

NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. For next week MCX Natural Gas sustains below 170 in the coming week then it can test the level of 167/162/158, if it does not break the level of 178 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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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 Bullion Market Tips and Market Analysis Report

A sharp fall in gold prices is good news for gems and jewellery exporters who will be able to source yellow metal at lower rates and compete better in the global market.
After seeing the steepest ever fall of Rs 1,540 per ten gram in a single intra-day market, gold lost Rs 600 on Monday on cues from the global market where investors are busy shuffling their investment portfolios.
Gold closed the day at Rs 26,740 per 10 grams in the Delhi market.
The exporters feel that they would stand to gain if gold prices continue to decline, along with a fall in rupee against dollar. The Indian currency is near Rs 50-to-a-dollar mark, weakening by about nine% within this month. A weak local currency results in higher net realisation for foreign exchange earned by exporters.

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MCX Energy and Commodity market Analysis report Today

Oil prices rallied from steep early lows as European equities and the euro bounced on a better-than-expected German sentiment survey and speculation of more support from the European Central Bank.
Euro zone officials played down reports of emerging plans to halve Greece's debts and recapitalize European banks to cope with the fallout, stressing that no such scheme is yet on the table.
Crude prices briefly turned lower after a report that new single-family home sales in the United States fell in August to a six-month low pressured the euro, supported the dollar, and curbed Wall Street's rise.

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MCX Gold, Silver, Copper, Crude, Natural gas Report & News Today

Bullions: Gold prices may open on firm note tracking bounce back in international markets. MCX Gold is just 2.5% away from its previous record high of Rs 28744 while COMEX Gold is 5% down from its record high.

Ferrous and non ferrous metals: Base metals may remain under selling pressure and can trade lower.  Copper price may test the key support of 400 on domestic bourses. Copper prices slid to a 9-1/2-month low on Monday. Nickel may trade in range of 1,000-1,010 on domestic bourses.

Energy: Crude oil prices can also dip lower. Crude oil can test 4,100-4,050 on domestic bourses. Natural gas may trade in range of 180-190 in near term.

MCX Gold  October is currently trading at Rs. 27674, it is trading flat for the day. MCX Silver Dec contract is currently  trading at Rs. 63667, it is marginally up by Rs. 374 for the day. MCX Crude is  currently trading at Rs. 4153, it is up by Rs. 28 for the day. All Base Metals in MCX are trading on a flat note for the day.

Precious metals are trading marginally higher on COMEX today.

Industrial/Base metals are trading higher on International bourses today.
Crude oil is trading marginally higher on NYMEX today.

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