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.
Showing posts with label mcx ncdex commodity trading tips. Show all posts
Showing posts with label mcx ncdex commodity trading tips. Show all posts
Thursday, March 29, 2012
Thursday, November 10, 2011
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.
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.
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Wednesday, September 21, 2011
MCX Gold, Silver, Base Metals, Crude Oil News Today
Today both MCX Bullions Metals MCX Gold and Silver trading on higher prices. MCX Gold is trading around Rs. 28,500 and MCX Silver is trading around Rs. 64,800. If we talk about the Base Metals MCX Copper and Aluminium trade on higher prices and other metals like MCX Nickel, Lead, Zinc prices flat for the day. In Energy MCX Crude Oil trading on higher prices for the day.
Precious metals/Bullions (MCX Gold and Silver) are trading on higher prices today.
Base metals are also trading on higher prices in International bourses today.
Crude oil is trading marginally higher on NYMEX today.
Precious metals/Bullions (MCX Gold and Silver) are trading on higher prices today.
Base metals are also trading on higher prices in International bourses today.
Crude oil is trading marginally higher on NYMEX today.
Saturday, September 10, 2011
Support & Resistance levels of MCX Commodity Market for Monday
GOLD FUTURES RALLY AS WORLD ECONOMY, DEBT CONCERNS SPUR DEMAND FOR A HAVEN.
CRUDE OIL DROPS MOST IN A WEEK AS EURO TUMBLES ON EUROPEAN DEBT CRISIS.
COPPER TUMBLES MOST IN A MONTH AS OBAMA, BERNANKE FAIL TO BOOST CONFIDENCE.
INDIAN CHANA EDGES HIGHER ON LIMITED STOCK.
MCX GOLD (OCT)
TREND: Consolidate
R2: 28750
R1: 28450
S1: 27900
S2: 26650
STRATEGY: Buy on dips
MCX SILVER (DEC)
TREND: Consolidate
R2: 68500
R1: 66800
S1: 64400
S2: 62500
STRATEGY: Buy on dips
MCX COPPER (NOV)
TREND: Consolidate
R2: 427
R1: 421
S1: 409
S2: 404
STRATEGY: Buy on dips
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4210
R1: 4140
S1: 4000
S2: 3935
STRATEGY: Buy on dips
CRUDE OIL DROPS MOST IN A WEEK AS EURO TUMBLES ON EUROPEAN DEBT CRISIS.
COPPER TUMBLES MOST IN A MONTH AS OBAMA, BERNANKE FAIL TO BOOST CONFIDENCE.
INDIAN CHANA EDGES HIGHER ON LIMITED STOCK.
MCX GOLD (OCT)
TREND: Consolidate
R2: 28750
R1: 28450
S1: 27900
S2: 26650
STRATEGY: Buy on dips
MCX SILVER (DEC)
TREND: Consolidate
R2: 68500
R1: 66800
S1: 64400
S2: 62500
STRATEGY: Buy on dips
MCX COPPER (NOV)
TREND: Consolidate
R2: 427
R1: 421
S1: 409
S2: 404
STRATEGY: Buy on dips
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4210
R1: 4140
S1: 4000
S2: 3935
STRATEGY: Buy on dips
Friday, September 9, 2011
MCX & NCDEX Commodity Market Updates Today
Spot Gold is currently trading at $1862. MCX Gold October is currently trading at Rs. 28255, it is up by Rs. 453 for the day. Silver spot market is currently trading at $42.63. MCX Silver Dec contract is currently trading at Rs. 66111, it is marginally up by Rs. 514 for the day. Crude Oil for October delivery lost 29 cents, to end at $89.05 a barrel on the New York Mercantile Exchange. MCX Crude Oil Sep contract is currently trading at Rs. 4137 for the day. All Base Metals in MCX are trading flat for the day.
MCX Copper may note some decline tracking international markets, however the downside remains capped. Support for November copper is seen at Rs.418 while Resistance is seen at Rs.429.
MCX Aluminum may note some decline tracking copper prices. Support for Aluminum September contract is seen at Rs.110 while resistance of Rs.113.5.
MCX Zinc may note some decline tracking copper prices. Support for MCX Zinc September contract is seen at Rs.102 while Resistance is seen at Rs.105.
MCX Nickel may note some decline tracking international markets, the downside however remains capped. Support for MCX Nickel September contract is seen at Rs.980 while resistance is seen at Rs.1,025.
MCX Lead may note some decline tracking copper prices. Support for MCX Lead September contract is seen at Rs.112 while Resistance is seen at Rs.117.
MCX Copper may note some decline tracking international markets, however the downside remains capped. Support for November copper is seen at Rs.418 while Resistance is seen at Rs.429.
MCX Aluminum may note some decline tracking copper prices. Support for Aluminum September contract is seen at Rs.110 while resistance of Rs.113.5.
MCX Zinc may note some decline tracking copper prices. Support for MCX Zinc September contract is seen at Rs.102 while Resistance is seen at Rs.105.
MCX Nickel may note some decline tracking international markets, the downside however remains capped. Support for MCX Nickel September contract is seen at Rs.980 while resistance is seen at Rs.1,025.
MCX Lead may note some decline tracking copper prices. Support for MCX Lead September contract is seen at Rs.112 while Resistance is seen at Rs.117.
Thursday, September 8, 2011
MCX Commodity Market Updates & News Today
COMEX Gold futures witnessed heavy profit booking, as stronger tone in global equities led to diversification of funds from the precious metals complex. COMEX Silver futures witnessed moderate liquidation, settling 0.6% lower at USD 41.6/ounce. COMEX October Silver registered a high of USD 42.3/ounce and a low of USD 40.4/ounce. MCX December Silver ended 0.4% lower yesterday at Rs 64,366/kg. Volatility was characterized as usual with a high of Rs65,088/kg and a low of Rs,62,763/kg. MCX December Silver is trading 0.25% higher today at Rs 64,528/kg.
Spot Gold is currently trading at $1830. MCX Gold October settled low yesterday at Rs. 27182, it was down by Rs. 787 for the day. Silver spot market is currently trading at $41.52. MCX Silver Dec contract settled yesterday at Rs. 64366, it was marginally down by Rs. 239 for the day. Crude for October delivery added $3.32, to $89.34 a barrel on the NYMEX. MCX Crude Oil Sep contract settled at Rs. 4125, it rose by 4.94% for the day. All Base Metals in MCX are likely to open flat for the day.
MCX Copper may note some decline tracking international markets, however the downside remains capped. Support for November copper is seen at Rs.417 while resistance is seen at Rs.426. MCX Aluminum may note some decline tracking copper prices. Support for Aluminum September contract is seen at Rs.109 while resistance of Rs.112.5. MCX Zinc may note some decline tracking copper prices. Support for MCX Zinc September contract is seen at Rs.101.5 while resistance is seen at Rs.104.5. MCX Nickel may note some decline tracking international markets, the downside however remains capped. Support for MCX Nickel September contract is seen at Rs.980 while Resistance is seen at Rs.1,025. MCX Lead may note some decline tracking copper prices. Support for MCX Lead September contract is seen at Rs.111 while Resistance is seen at Rs.114.
Spot Gold is currently trading at $1830. MCX Gold October settled low yesterday at Rs. 27182, it was down by Rs. 787 for the day. Silver spot market is currently trading at $41.52. MCX Silver Dec contract settled yesterday at Rs. 64366, it was marginally down by Rs. 239 for the day. Crude for October delivery added $3.32, to $89.34 a barrel on the NYMEX. MCX Crude Oil Sep contract settled at Rs. 4125, it rose by 4.94% for the day. All Base Metals in MCX are likely to open flat for the day.
MCX Copper may note some decline tracking international markets, however the downside remains capped. Support for November copper is seen at Rs.417 while resistance is seen at Rs.426. MCX Aluminum may note some decline tracking copper prices. Support for Aluminum September contract is seen at Rs.109 while resistance of Rs.112.5. MCX Zinc may note some decline tracking copper prices. Support for MCX Zinc September contract is seen at Rs.101.5 while resistance is seen at Rs.104.5. MCX Nickel may note some decline tracking international markets, the downside however remains capped. Support for MCX Nickel September contract is seen at Rs.980 while Resistance is seen at Rs.1,025. MCX Lead may note some decline tracking copper prices. Support for MCX Lead September contract is seen at Rs.111 while Resistance is seen at Rs.114.
Wednesday, September 7, 2011
MCX Commodity (GOLD, COPPER, CRUDE) Report & Tips Today
MCX Gold October is currently trading at Rs. 27450, it is down by Rs. 525 for the day. Silver spot market is currently trading at $41.30, it is down by 57 cents for the day. MCX Silver Dec contract is currently trading at Rs. 63955, it is up by Rs. 645 for the day. MCX Crude Oil Sep contract is currently trading at Rs. 4000, it rose by 1.86% for the day. All Base Metals in MCX are trading on a positive note for the day.
Precious metals are trading lower on COMEX today.
Base metals are trading higher on International bourses today.
Crude oil is trading marginally lower on NYMEX today.
• NYMEX crude trades above $86/bbl Wednesday after 0.5% slide yesterday.
• Strength in equity markets support crude oil prices.
Precious metals are trading lower on COMEX today.
Base metals are trading higher on International bourses today.
Crude oil is trading marginally lower on NYMEX today.
• NYMEX crude trades above $86/bbl Wednesday after 0.5% slide yesterday.
• Strength in equity markets support crude oil prices.
• NYMEX gas trades weaker after 1.7% gain in the previous session.
• Mixed weather forecast is weighing on natural gas prices.
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• Mixed weather forecast is weighing on natural gas prices.
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Support & Resistance Levels of MCX Commodity Market Today
GOLD FALLS FROM RECORD AFTER SWISS PEG FRANC.
CRUDE OIL EXTENDS DROP ON SIGNS OF SLOWING U.S. ECONOMY, RISING STOCKPILES.
COPPER IN LONDON DROPS FOR A FOURTH DAY ON CONCERN GLOBAL GROWTH TO SLOW.
DOMESTIC OIL AND OILSEED TRADE BEARISH.
MCX GOLD (OCT)
TREND: Bullish
R2: 28750
R1: 28400
S1: 27300
S2: 26975
STRATEGY: Buy on dips
MCX COPPER (NOV)
TREND: Consolidate
R2: 428
R1: 422
S1: 410
S2: 404
STRATEGY: Sell on higher levels
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4080
R1: 4020
S1: 3890
S2: 3810
STRATEGY: Buy on dips
CRUDE OIL EXTENDS DROP ON SIGNS OF SLOWING U.S. ECONOMY, RISING STOCKPILES.
COPPER IN LONDON DROPS FOR A FOURTH DAY ON CONCERN GLOBAL GROWTH TO SLOW.
DOMESTIC OIL AND OILSEED TRADE BEARISH.
MCX GOLD (OCT)
TREND: Bullish
R2: 28750
R1: 28400
S1: 27300
S2: 26975
STRATEGY: Buy on dips
MCX COPPER (NOV)
TREND: Consolidate
R2: 428
R1: 422
S1: 410
S2: 404
STRATEGY: Sell on higher levels
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4080
R1: 4020
S1: 3890
S2: 3810
STRATEGY: Buy on dips
Tuesday, September 6, 2011
MCX Gold, Silver, Base Metals, Crude Oil Updates Today
COMEX Gold and Silver futures were not traded yesterday on account of Labor Day holiday in US. However, Spot Gold has breached key levels of USD 1,900/ounce today, supported by lingering Euro zone debt worries. Copper prices moved lower, impacted by poor economic numbers on the European front and lingering debt woes. Crude oil futures registered further losses, exerted lower by gloomy economic scenario in US.
MCX December Silver is trading 0.62% higher today at Rs 66,840 /kg, registering intraday high of Rs 66,865/kg and low of Rs 66,472/kg. MCX September Silver futures expired yesterday at Rs 64,407/kg.
MCX Gold October is currently trading at Rs. 28610, it is up by Rs. 125 for the day. Silver spot market is currently trading at $43.16. MCX Silver Dec contract is currently trading at Rs. 66765, it is up by Rs. 370 for the day. MCX Crude Oil Sep contract is currently trading at Rs. 3861, it fell by 3.25% yesterday. All Base Metals in MCX are trading on a negative note for the day.
MCX December Silver is trading 0.62% higher today at Rs 66,840 /kg, registering intraday high of Rs 66,865/kg and low of Rs 66,472/kg. MCX September Silver futures expired yesterday at Rs 64,407/kg.
MCX Gold October is currently trading at Rs. 28610, it is up by Rs. 125 for the day. Silver spot market is currently trading at $43.16. MCX Silver Dec contract is currently trading at Rs. 66765, it is up by Rs. 370 for the day. MCX Crude Oil Sep contract is currently trading at Rs. 3861, it fell by 3.25% yesterday. All Base Metals in MCX are trading on a negative note for the day.
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Monday, September 5, 2011
MCX Commodity Market Updates Today
Gold prices extended the gains last week, as concerns over the outlook for global growth and rising fears that the US economy is losing more momentum. Gold prices are most likely to continue their bullish trend over the coming period.
COMEX Silver gained 3.7%, breaching the key levels of USD 43/ounce, witnessing a high of USD 43.5/ounce. The white metal was significantly influenced by the firm tone in the precious metals complex. MCX December Silver is trading 0.58% higher today at Rs 66,286 /kg, registering intraday high of Rs 66,350/kg and low of Rs 66,050/kg. MCX September silver prices ended higher on Friday, settling at Rs 64,282/kg.
Base metals was a volatile session last week amid mixed global cues. Copper prices rose on Tuesday and Wednesday hitting highs of $9304 at LME but pared almost all its gains on Thursday and Friday to end the session $1 higher at $9076 a ton. Aluminium and Nickel too ended in positive territory while Lead and Zinc noted decline.
• NYMEX crude plunges more than $1 Monday after 1.3% gain last week.
COMEX Silver gained 3.7%, breaching the key levels of USD 43/ounce, witnessing a high of USD 43.5/ounce. The white metal was significantly influenced by the firm tone in the precious metals complex. MCX December Silver is trading 0.58% higher today at Rs 66,286 /kg, registering intraday high of Rs 66,350/kg and low of Rs 66,050/kg. MCX September silver prices ended higher on Friday, settling at Rs 64,282/kg.
Base metals was a volatile session last week amid mixed global cues. Copper prices rose on Tuesday and Wednesday hitting highs of $9304 at LME but pared almost all its gains on Thursday and Friday to end the session $1 higher at $9076 a ton. Aluminium and Nickel too ended in positive territory while Lead and Zinc noted decline.
• NYMEX crude plunges more than $1 Monday after 1.3% gain last week.
• NYMEX crude rose 1.3% last week marking its second weekly gain.
• NYMEX natural gas fell 1.5% last week marking its third weekly decline.
• Natural gas speculators cut net short position for the first time in five weeks.
• NYMEX natural gas fell 1.5% last week marking its third weekly decline.
• Natural gas speculators cut net short position for the first time in five weeks.
Saturday, September 3, 2011
MCX Commodity Market Updates for Monday
GOLD RETREATS FROM UPWARD RALLY ON PROFIT BOOKING.
CRUDE OIL FALLS ON WEAK JOB DATA HINTING RECESSION.
COPPER DROPS ON STAGNANT EMPLOYMENT DATA.
DOMESTIC OIL AND OILSEED TRADE LOW.
MCX SILVER (Dec)
TREND: Consolidate
R2: 67800
R1: 66960
S1: 64400
S2: 63500
STRATEGY: Buy on dips
MCX COPPER (NOV)
TREND: Consolidate
R2: 431
R1: 425
S1: 415
S2: 410
STRATEGY: Sell on higher levels
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4080
R1: 4030
S1: 3925
S2: 3880
STRATEGY: Buy on dips
CRUDE OIL FALLS ON WEAK JOB DATA HINTING RECESSION.
COPPER DROPS ON STAGNANT EMPLOYMENT DATA.
DOMESTIC OIL AND OILSEED TRADE LOW.
MCX SILVER (Dec)
TREND: Consolidate
R2: 67800
R1: 66960
S1: 64400
S2: 63500
STRATEGY: Buy on dips
MCX COPPER (NOV)
TREND: Consolidate
R2: 431
R1: 425
S1: 415
S2: 410
STRATEGY: Sell on higher levels
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4080
R1: 4030
S1: 3925
S2: 3880
STRATEGY: Buy on dips
Friday, September 2, 2011
MCX Commodity Market Updates Today | MCX Gold Tips
Gold for Dec delivery declined $2.60, to $1,829.10 an ounce on the Comex. Spot Gold is currently trading at $1828. MCX Gold October contract settled yesterday at Rs. 27215, it was up by Rs. 31. Silver spot market is currently trading at $41.64. It is up by 17 cents for the day. MCX Silver Dec contract settled yesterday at Rs. 64145.
All Base Metals in MCX are trading on a negative note for the day. Crude for October delivery fell 32 cents, to $88.61 a barrel on the Nymex. MCX Crude Oil Sep contract is currently trading at Rs. 4075, it is down by Rs. 18 for the day.
All Base Metals in MCX are trading on a negative note for the day. Crude for October delivery fell 32 cents, to $88.61 a barrel on the Nymex. MCX Crude Oil Sep contract is currently trading at Rs. 4075, it is down by Rs. 18 for the day.
- Weakness in equity markets is weighing on crude oil prices.
- NYMEX gas trades weaker Friday after 0.1% slide yesterday.
- Gold trades higher on safe-haven demand.
- Base metal and crude trade lower on rising rise aversion.
- NYMEX crude trades in a narrow range over $88/bbl ahead of US jobs data.
Support & Resistance Levels of MCX Commodity Market Today
GOLD RECOVERS FROM LOWS AS STOCKS RETREAT; FED EYED.
CRUDE OIL DECLINES IN LONDON ON SIGNS OF SLOWING ECONOMIC RECOVERY IN U.S.
COPPER FALLS ON CHINA EXPORTS, EUROPE FACTORY DATA.
MCX SILVER (Dec)
TREND: Consolidate
R2: 66800
R1: 65900
S1: 63100
S2: 61950
STRATEGY: Buy on dips
MCX COPPER (NOV)
TREND: Consolidate
R2: 434
R1: 428
S1: 416
S2: 412
STRATEGY: Buy on dips
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4175
R1: 4130
S1: 4040
S2: 3980
STRATEGY: Buy on dips
CRUDE OIL DECLINES IN LONDON ON SIGNS OF SLOWING ECONOMIC RECOVERY IN U.S.
COPPER FALLS ON CHINA EXPORTS, EUROPE FACTORY DATA.
MCX SILVER (Dec)
TREND: Consolidate
R2: 66800
R1: 65900
S1: 63100
S2: 61950
STRATEGY: Buy on dips
MCX COPPER (NOV)
TREND: Consolidate
R2: 434
R1: 428
S1: 416
S2: 412
STRATEGY: Buy on dips
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4175
R1: 4130
S1: 4040
S2: 3980
STRATEGY: Buy on dips
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Thursday, September 1, 2011
Support and Resistance levels of MCX Commodity Market Today
GOLD DIPS, BUT SUPPORTED BY FED OUTLOOK.
CRUDE OIL FALLS FROM TWO-WEEK HIGH IN NEW YORK ON U.S. SUPPLY FORECASTS.
COPPER CLIMBS FOR SIXTH DAY IN LONDON TRADING ON OPTIMISM FOR MORE DEMAND.
MCX SILVER (DEC)
TREND: Consolidate
R2: 66800
R1: 65900
S1: 63100
S2: 61950
STRATEGY: Buy on dips
MCX GOLD (AUG)
TREND: Consolidate
R2: 27700
R1: 27480
S1: 26970
S2: 26630
STRATEGY: Buy on dips
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4175
R1: 4120
S1: 4020
S2: 3970
STRATEGY: Buy on dips
CRUDE OIL FALLS FROM TWO-WEEK HIGH IN NEW YORK ON U.S. SUPPLY FORECASTS.
COPPER CLIMBS FOR SIXTH DAY IN LONDON TRADING ON OPTIMISM FOR MORE DEMAND.
MCX SILVER (DEC)
TREND: Consolidate
R2: 66800
R1: 65900
S1: 63100
S2: 61950
STRATEGY: Buy on dips
MCX GOLD (AUG)
TREND: Consolidate
R2: 27700
R1: 27480
S1: 26970
S2: 26630
STRATEGY: Buy on dips
MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4175
R1: 4120
S1: 4020
S2: 3970
STRATEGY: Buy on dips
Tuesday, August 30, 2011
MCX & NCDEX Commodity Market Updates Today
MCX Commodity Market Updates:-
Gold prices may trade with negative bias as the positive equity markets reduced the safe haven appeal of the yellow metal. Gold can test 27,000 in domestic market. Base metals may also trade on positive path tracking firm international markets. Copper may trade in range of 410-420 in near term. Crude oil may trade in range of 3,950-4,100 in near term.
NCDEX Agri Commodity Market Updates:-
NCDEX Agri Commodity Market Updates:-
Pepper futures may remain firm. The global price of black pepper on Monday shot up to an all-time high, as Vietnam quoted USD 7,050 per ton for the 500 Gl grade, up from its asking price of USD 5,600 per ton for the same grade just a month earlier. Cardamom futures may trade with a bearish bias.
Guar complex may trade higher as special Cash Margin of 5% imposed on the Long side on all running contracts of Guar gum has been withdrawn with effect from beginning of day, Monday, Aug. 29, 2011. Chana futures may trade sideways on account of profit booking from higher levels. Soybean futures may trade sideways. Refined soy oil futures may try to test the resistance of 655 levels owing to high demand during festive season and buoyant crude oil prices.
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Guar complex may trade higher as special Cash Margin of 5% imposed on the Long side on all running contracts of Guar gum has been withdrawn with effect from beginning of day, Monday, Aug. 29, 2011. Chana futures may trade sideways on account of profit booking from higher levels. Soybean futures may trade sideways. Refined soy oil futures may try to test the resistance of 655 levels owing to high demand during festive season and buoyant crude oil prices.
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Saturday, August 27, 2011
Weekly MCX Commodity Market Updates
MCX Gold October for the next week we expect gold prices to find initial support at 27150-27100 levels and further below strong support is observed at 26500 levels. Resistance is now observed at 28200-28250 levels.
Trading levels for the week (29.08.11 TO 02.09.11)
Trend: Bullish
S1: 27150 R1: 28800
S2: 26500 R2: 29930
Recommendation: Buy MCX Gold October in the range of 27200-27100 with strict stop-loss below 26400 Targeting initially 28150 and then 28700.
MCX Silver December for the next week we expect Silver prices to find initial support at 63800-63700 levels and further below strong support is observed at 61200-61100 levels. Resistance is now observed at 65900-66000 levels.
Trading levels for the week (29.08.11 TO 02.09.11)
Trend: Bullish
S1: 63700 R1: 68700
S2: 61100 R2: 72200
Recommendation: Buy MCX Silver December in the range of 63800-63700 with strict stop-loss below 61000 Targeting initially 68150
and then 68700.
MCX Copper November for the next week we expect Copper prices to find initial support at 416-414 levels and further below strong support is observed at 408-407 levels. Resistance is now observed at 430-431 levels and strong resistance is seen at 436-438 levels.
Trading levels for the week (29.08.11 To 02.09.11)
Trend: Bullish
S1: 416 R1: 430
S2: 407 R2: 438
Recommendation: Buy MCX Copper November in the range of 417-415 with strict stop-loss below 405 Targeting initially 430 and then 436.
MCX Crude September for the next week we expect Crude prices to find initial support at 3800-3790 levels and further below strong support is observed at 3650-3640 levels. Resistance is now observed at 4040-4060 levels.
Trading levels for the week (29.08.11 TO 02.09.11)
Trend: Bullish
S1: 3795 R1: 4040
S2: 3646 R2: 4170
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Friday, August 26, 2011
MCX Commodity Market Updates Today | MCX Gold & Silver Tips
Gold prices staged a recovery, with the yellow metal settling moderately higher. Silver futures witnessed impressive gains yesterday, previous session losses. MCX Silver is trading 0.58% lower today at Rs 61,590/kg, registering intraday high of Rs62,124/kg and low of Rs61,537/kg. MCX silver prices ended 3.5% higher yesterday. Copper futures moved higher, with gains witnessed across the base metals complex.
- MCX Gold October contract is currently trading at Rs. 26574, it is up by Rs. 187 for the day.
- MCX Silver Sep contract is currently trading at Rs. 61705, it is down by Rs. 282 for the day.
- MCX Crude Oil is currently trading at Rs. 3938, it is down by Rs. 12 for the day.
- All Base Metals in MCX are trading marginally negative today.
Thursday, August 25, 2011
MCX Commodity Market Updates Today | MCX Gold Tips
Gold and silver futures may remain downside owing to sharp drop in prices in the previous session of comex. Base metals may remain range bound and flatline, ahead of end-week Fed meeting. Copper futures may trade with a positive bias. Crude oil futures may remain sideways.
MCX Silver is trading 0.6% higher today at Rs 60,192/kilo, registering intraday high of Rs 60,880 and low of Rs 59,760. MCX silver prices ended 6% lower yesterday.
Precious metals are trading lower on COMEX today.
Base metals are higher on International bourses today.
Crude oil is trading higher on NYMEX today.
MCX Silver is trading 0.6% higher today at Rs 60,192/kilo, registering intraday high of Rs 60,880 and low of Rs 59,760. MCX silver prices ended 6% lower yesterday.
Precious metals are trading lower on COMEX today.
Base metals are higher on International bourses today.
Crude oil is trading higher on NYMEX today.
Wednesday, August 24, 2011
Commodity Market Updates Today
MCX Commodity Market News:
Gold dropped 3.6% on Tuesday from the record USD 1,918 to USD 1,826. Silver also fell more than 5% from USD 44 to USD 41.5 following the Gold steps. Gold prices may remain in red zone and it can test 27,300 in MCX. Base metals may also trade with positive bias tracking firm opening SHFE. Copper may trade in range of 398-407 while lead can trade in range of 105-108 in MCX. Crude oil may remain on flat note ahead of the key inventory report scheduled today.
Important support for Gold is USD 1,810 and 27,350 at MCX, while for silver USD 41.3 and Rs 62,800 are important supports. MCX Crude Oil has support at 3,830 and resistance at 3,950.
NCDEX Agri Commodity Market News:
Cardamom futures may remain downside.
Turmeric futures may trade bearish due to lack of fresh cues from the spot markets.
Pepper futures may hold gains as demand outstrips supply.
Jeera futures may remain range bound facing resistance near 16200 levels.
Chana futures (Sept) may remain sideways facing resistance near 3,250 levels. Mentha oil futures may remain sideways facing resistance near 1140 levels. Soybean futures may remain sideways holding support above 2300 levels. Refined soy oil futures may remain sideways holding support above 656 levels.
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Tuesday, August 23, 2011
FREE MCX TIPS & TREND TODAY
Historic run in gold prices may persist as it touched the landmark of USD 1,900 in COMEX. MCX Gold can trade in range of 27,600-28,500 while MCX Silver can trade in range of 64,000-68,000. Spot gold soared to an all-time high above USD 1,910 on Tuesday.
Base metals may also trade sideways with negative bias. Copper futures fell to their lowest levels in more than one week as worries about a slowdown in the US. Copper may again test the support of 390 while lead may tumble further lower towards 102-103 in MCX.
Crude oil may remain in green territory tracking positive international markets. Oil traded near a three-day high in New York. Crude oil may test USD 86 in NYMEX and 3,900 in MCX.
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