MCX Gold, Silver, Base Metals, Crude Oil Updates Today

Gold prices slashed by more than 1% on Thursday as sentiments  relating to debt crisis recovered somewhat. On Friday, COMEX Gold futures are again witnessing sharp fall of $ 10 and are  trading at $ 1771 per ounce. Indian Gold prices also tumbled to Rs 27470 per 10  grams, down from Rs 28154 per 10 grams on Wednesday.

Gold futures fell to its lowest since late August on Thursday, as efforts by global central banks and top European powers to end the region's debt crisis prompted investors to dump safe havens.

Copper prices rebounded from one-month low to end in green on Thursday boosted by a weaker dollar after reports of fresh liquidity injections by central banks in the fourth quarter cropped up. Crude oil prices gained on Thursday on getting news of assurance by the major central banks to bolster funding for European banks.

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MCX Commodity Market Updates & Report Today

Gold prices face stiff resistance near USD 1,780 in COMEX and it can dip towards USD 1,720-1,700 in near term. Silver can trade in range of 56,500-58,500 in MCX. Base metals may remain on positive note tracking firm international markets. Crude oil may open gap up in MCX tracking positive international markets. MCX Gold October contract is currently trading at Rs. 25742, it is up by Rs. 11 for the day. All Base Metals in MCX are trading on a positive note for the day. MCX Crude Oil Aug is trading at Rs. 3690, it is up by  Rs. 27 for the day.

• NYMEX crude trades higher Wednesday after 2.5% slide yesterday.

• Higher equity markets and API report support crude oil price. 
• NYMEX natural gas trades little changed after 1.5% gain yesterday. 
• Dip buying and recovery in crude oil supports natural gas price.

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MCX Commodity Market Updates | MCX Trading Tips

MCX Gold prices record highs, currently MCX Gold trading above Rs. 24000. Yesterday MCX Silver prices touch record high after that it goes downward. Today MCX Silver trading near about Rs. 58000. Crude oil prices plunged on Thursday, sliding over 5 percent, their lowest level since February on worries about slowing economies in debt-laden Europe and the United States.

MCX Copper may trade with a negative bias tracking international exchanges.

MCX Zinc may trade with a negative bias tracking weakness in copper prices.
MCX Nickel may trade with a negative bias tracking international exchanges.
MCX Lead may trade with a negative bias tracking weakness in copper prices. 
MCX Aluminum may trade with a negative bias tracking weakness in copper prices. 

Free Commodity market updates, MCX trading tips, MCX Gold & Silver live prices, mcx gold tips, silver tips, free commodity trading tips on mobile by SMS, NCDEX tips, NCDEX Agri commodity trading tips

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MCX Bullions, base Metals, Crude Oil News & Tips Today

MCX Gold futures trading downside on Thursday. Gold for Aug contract is trading flat for the day at $1,615.00 on the Comex division of the New York Mercantile Exchange during Asian trading hours. MCX Gold is currently trading at Rs. 23095, it is trading flat for the day. MCX Crude Oil futures trading declines on Thursday. MCX Crude Oil Aug is currently trading at Rs. 4302, it is trading down by Rs. 39 for the day. All Base Metals in MCX are  trading on a flat note for the day.

MCX Copper: Support for August copper is seen at Rs 430 while resistance is seen at Rs 439.

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MCX Commodity Market Report | Gold & Silver Tips

MCX Bullions may open on positive note today after long gains on yesterday. MCX Gold can trade in range of Rs. 23,100-23,250 while MCX Silver can trade in range of Rs. 59,000-61,000 in near term. Base metals may remain on volatile note as the uncertainty regarding the US debt crises continue to keep upside capped. Copper Prices down on Wednesday. MCX Copper may trade in range of Rs. 430-438 in near term. Crude oil may dip lower on profit booking. Crude  oil is trading near $100 a barrel.

Precious metals are trading marginally higher on COMEX today.
Base metals are trading marginally lower on International bourses today.
Crude oil is trading marginally lower on NYMEX today.

FREE MCX trading Tips, MCX Gold Tips, Silver Tips, NCDEX Agri Tips, Commodity Tips on Mobile by SMS

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Today Support & Resistance levels of MCX Commodity Market

MCX SILVER (SEP)
TREND: Consolidate
R2: 62800
R1: 61200
S1: 58250
S2: 56800
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Consolidate
R2: 445
R1: 438
S1: 427
S2: 422
STRATEGY: Buy on dips

MCX CRUDE OIL (AUG)
TREND: Consolidate
R2: 4560
R1: 4480
S1: 4360
S2: 4320
STRATEGY: Buy on dips

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Commodity Market news Today

US gold futures for August delivery settled up 80 cents at USD 1,590.10 an ounce, after trading between USD 1,576 and USD 1,592.80. Trading volume reached 120,000 lots, sharply lower than turnover in the previous two sessions.

Spot silver gained 2.2% to USD 39.02 an ounce, near a two-month high of USD 39.34 set on Thursday. Gold should rise to record highs above USD 1,700 an ounce in the next few months, based on technical charts. One analyst said that in theory, it could reach a shocking USD 5,000 an ounce should equity markets correct sharply.

Crude oil is up nearly 2 percent. Crude oil is trading at 97.5 dollars per barrel. Crude oil closed above $ 97 on Friday was Naimaks. there is strength in gold prices. 1592 dollars with gold trading at $ 3 is the fastest. Closed Friday at $ 1590. silver has traded over $ 39 with an edge. Friday Comaks 1 per cent silver closed at $ 39 was faster.

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Today MCX Commodity Market News and Trading Strategies

Bullions may witness some profit booking tracking weak opening in international markets. Gold can trade in range of Rs. 22,800-23,100 while silver can trade in range of Rs. 56,000-58,000 in MCX.  Gold hovered below its record high on Friday. 

Base metals can trade in red tracking weak opening in international markets. Today industrial production and consumer confidence data will give further direction to the base metals pack. Copper may trade in range of Rs. 428-430 while Lead can trade in range of Rs. 117-120 in near term.

Crude oil may trade sideways with negative bias. Crude oil may remain in range of 4,100-4,300 on domestic bourses. 

Spot gold was hovering below the record high levels as Fed ruled out additional stimulus measures. Spot gold had hit a all time of 1594.16 the previous day. Crude oil slipped earlier today after Standard and Poor put US’ credit ratings under review. 

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FREE MCX Commodity Market News Today

Bullions may open on positive note continuing yesterday gains but investors should be very cautious as prices have run up very quickly in short span of time. Comex gold futures prices soared to a fresh all-time record high of USD 1,588.90, basis August futures, in active trading Wednesday. 

• Base metals may open on flat note tracking mixed overseas cues. 
• Copper ended flat on Wednesday. 
• Copper may trade in range of Rs. 430-435. 
• Lead can tumble lower towards 118 on domestic bourses.
• Crude oil can also trade on negative path as its prices can trade in range of Rs. 4,300-4,425 on domestic bourses.

MCX Gold August contract is currently trading at Rs. 22943, it rose by Rs.  23 in today's trade. 

MCX Silver July contract is trading at Rs. 57487, it is trading up by Rs. 676 for  the day.
MCX Crude Oil July contract is trading at Rs. 4370, it is trading flat for the day. 

All Base Metals in MCX are trading flat for the day.

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Support & Resistance Levels of MCX Commodity Market Today

GOLD IN EUROS HITS RECORD AS DEBT CRISIS SPREADS.
CRUDE OIL SLIDES, DENTED BY EURO ZONE FEARS.
COPPER FALLS AS DLR RISES, EURO DEBT WORRIES SPREAD.
SPICES COMPLEX END MIXED, CORIANDER POSTS UP TO 4PC GAINS.

MCX GOLD (AUG)
TREND: Consolidate
RESISTANCE 2: 23200
RESISTANCE 1: 22950
SUPPORT 1: 22500
SUPPORT 2: 22200
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Consolidate
RESISTANCE 2: 445
RESISTANCE 1: 439
SUPPORT 1: 427
SUPPORT 2: 421
STRATEGY: Buy on dips

MCX CRUDE OIL (JUL)
TREND: Consolidate
RESISTANCE 2: 4450
RESISTANCE 1: 4390
SUPPORT 1: 4250
SUPPORT 2: 4180
STRATEGY: Buy on dips

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MCX Commodity Market News & Report Today

Gold traded on an absolutely flat note on Monday as investors remained cautious ahead of a slew of US economic data. Copper prices extended the down trend on Monday, a session after drifting 0.8%. Crude oil prices receded for a second straight session on Monday as investors squared off positions on concerns over fuel demand prospects after getting weak global economic reports from the world's top two energy consumers.

• NYMEX crude rose 1.3% last week marking its second weekly gain.
• Crude oil edged up on upbeat price forecast.
• EIA notes 0.889 mn bbl drop in US crude oil stocks; gasoline stocks fell  by 0.191 mn bbl while distillate stocks fell 0.634 mn bbl.  
• Crude oil speculators raised net long position for the first time in ten weeks. 
• NYMEX natural gas fell 2.5% last week marking its third weekly drop in four weeks. 
• Natural gas fell last week as bigger than expected increase in US stocks outweighed warm weather forecasts. 
• Natural gas speculators trimmed net short position for the first time in four weeks.

Spot gold prices were little changed at $1,544.10 an ounce on the Comex division of the New York Mercantile Exchange.

Copper for three-month delivery on the LME shed 0.2% to $9,646 a tonne.

Benchmark crude for August delivery eased $0.47 to $95.73 a barrel in electronic trading on the New York Mercantile Exchange. In London, Brent crude for August delivery eased $0.63 or 0.5% to $117.70 a barrel on the ICE.

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Today MCX Commodity Market News (GOLD, COPPER, CRUDE OIL)

Gold prices climbed higher on Friday, as investors took shelter under the safe haven after a weaker than expected US employment data for June quashed hopes. The yellow metal prices rose for the fifth straight session. Copper prices weakened on Friday. Crude oil futures took a nasty blow and plunged sharply by around two and half a percent, their biggest on Friday. Crude oil prices for the week bounced back from four-month lows and settled with over a percent gains.

Bullions may open on flat note tracking mixed overseas cues.  

Base metals may open on flat note amid mixed movement in SHFE. 

In Domestic Market:-
Gold may trade in range of 22100-22300.
Silver may trade in range of 53,500-55,000. 
Copper may trade in range of 430-440.

Crude oil can trade in range of 4,300-4,400.

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MCX Commodity Market Report today | FREE MCX Trading Tips

Bullions may open on flat note tracking mixed overseas cues. Gold may trade in range of Rs. 22,100-22,300 and silver may trade in range of Rs. 53,500-55,000 in domestic market. Base metals may open on flat note amid mixed movement in SHFE. Copper may trade in range of Rs. 430-440 in domestic market. Energy prices may also trade sideways on mixed path ahead of key nonfarm payroll data scheduled today. Crude oil can trade in range of Rs. 4,300-4,400 in domestic market.       

Gold prices furthered the gaining momentum for the fourth successive session on Thursday. Copper prices spurted around two and half a percent on Thursday to attain their highest levels in nearly three months. Crude oil prices ended higher on Thursday on getting good economic reports of private sector hiring, jobless claims.

Crude oil is trading lower on NYMEX today. 

Precious metals are trading lower on COMEX today. 

Base metals are trading marginally higher on International bourses today. 

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FREE MCX Trading Tips and Commodity Market News

Bullions may open on firm note tracking positive international cues. Gold may trade in range of Rs. 22,200-22,400 and silver may trade in range of Rs. 53,500-55,000 in domestic market. Base metals may open on flat note amid mixed movement in SHFE. Copper edged down on Thursday. Copper may trade in range of Rs. 420-430. Energy prices may trade on firm path tracking firm international cues as it can test 4400 in domestic market.

• MCX Gold August contract is currently trading at Rs. 22244, it is trading marginally positive for the day. 
• MCX Silver Sep is currently trading at Rs. 54320, it is trading up by Rs. 235 for the day.
• MCX Crude Oil July contract is currently trading at Rs. 4331, it is marginally up by Rs. 31 for the day.
• Gold prices extended their rally mood for third consecutive session on Wednesday.
• Copper prices finally snapped the six session gaining streak as investors opted to book profits. 
• Crude prices settled marginally lower on Wednesday.

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MCX Commodity Market Trading Strategies Today

GOLD HITS 1-1/2 WEEK HIGH AFTER PORTUGAL RATING CUT.
COPPER EASES AS EUROPE DEBT WORRIES WEIGH.

CRUDE OIL PRESSURED BY EUROPE DEBT WORRIES.

DOMESTIC OIL SEED AND EDIBLE OIL END LOWER.

Base metals prices gave up all its gains in the second quarter of the calendar year after testing multi-month high levels seen in the previous quarter. Crude oil prices were an important factor leading high inflationary pressures in the emerging nations.

MCX GOLD (AUG)
TREND: Consolidate
RESISTANCE 2: 22750
RESISTANCE 1: 22480
SUPPORT 1: 21950
SUPPORT 2: 21730
STRATEGY: Buy on dips

MCX ZINC (JUL)
TREND: Consolidate
RESISTANCE 2: 110.60
RESISTANCE 1: 108.20
SUPPORT 1: 103.15
SUPPORT 2: 101.30
STRATEGY: Buy on dips

MCX CRUDE OIL (JUL)
TREND: Consolidate
RESISTANCE 2: 4450
RESISTANCE 1: 4370
SUPPORT 1: 4240
SUPPORT 2: 4170
STRATEGY: Buy on dips

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Today MCX Commodity Market Report (Bullions, Metals, Crude)

Bullions may open on firm note tracking positive international cues. Gold may trade in range of 21,800-22,100 and silver may trade in range of 52,500-53,500 in domestic market. Base metals may open on flat note amid mixed movement in SHFE. Copper may also trade in range of 426-430. Energy prices may trade in firm path tracking firm international cues as it can test 4,400 in domestic market. 

• Gold prices rallied by around two percent on Tuesday. 
• The yellow metal prices jumped despite the strength in American green back.
• Copper prices extended their uptrend for a sixth straight session on Tuesday as investors continued to pile up hefty positions in the base metal.  
• Crude oil prices rose more than 2 percent on Tuesday.

Trading Strategies :-

1. MCX Gold August contract is currently trading at Rs. 22036, it is trading marginally positive for the day. 
2. MCX Silver Sep is currently trading at Rs. 53833, it is trading up by 1.33% for the day. 
3. MCX Crude Oil July contract is currently trading at Rs. 4236.

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Today Support & Resistance Levels of MCX Commodity

GOLD CLIMBS AS RISK AVERSION PICKS UP.
OIL ADVANCED, HALTING A TWO-DAY DROP IN LONDON, ON RISING OIL-DEMAND.
COPPER STEADIES AS RELIEF RALLY PETERS OUT.
SPICES COMPLEX TRADE MIXED.

MCX SILVER (SEP)
TREND: Consolidate
RESISTANCE 2: 55000
RESISTANCE 1: 54000
SUPPORT 1: 52200
SUPPORT 2: 49600
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Consolidate
RESISTANCE 2: 439
RESISTANCE 1: 434
SUPPORT 1: 422
SUPPORT 2: 416
STRATEGY: Buy on dips

MCX CRUDE OIL (JUL)
TREND: Consolidate
RESISTANCE 2: 4450
RESISTANCE 1: 4375
SUPPORT 1: 4260
SUPPORT 2: 4200
STRATEGY: Buy on dips

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Today MCX Commodity Market Report and Trends

Bullions may open on firm note tracking positive international cues. Gold may test Rs. 22,900 and silver Rs. 52,000 in domestic market. Spot gold held steady on Tuesday. Base metals may open on flat note amid mixed movement in SHFE. Copper rose on Monday as market sentiment brightened in the wake of solid US manufacturing data last week. Energy prices may also trade flat waiting for further economic data and European news. U.S. crude futures edged up on Tuesday to remain above USD 95 a barrel.

Gold futures moved higher on Tuesday after a warning by ratings agency Standard. Copper prices surged to its highest in more than two months on Monday. Crude prices moved higher on Monday, though the US markets were closed for the Independence Day public holiday.

• MCX Gold August contract is currently trading at Rs. 21755, it is trading flat for the day. 
• MCX Silver July is currently trading at Rs. 50280, it is down by Rs. 280 for the day.
  MCX Crude Oil July contract is currently trading at Rs. 4230. 
• All Base Metals in MCX have opened marginally negative in today's morning  session.
• Lead and Zinc are down by 0.5%. 
• Copper is trading flat for the day.

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MCX Commodity Market Trading Strategies for Today

Crude Oil prices were steady on Monday on firmer global share prices, but trade was muted by the United States Independence Day holiday despite  negotiations between the Libyan government and rebels and Greek debt concerns. Gold prices rose 0.5 percent in Europe on Monday as investors took advantage of the metal's dip to six-week lows last week to buy into the market, on expectations that the euro  will extend gains versus the dollar. Copper steadied on Monday as a stronger dollar counterbalanced an improvement in market sentiment. 

• GOLD REBOUNDS; SEEN TO FACE HEADWINDS IN SHORT-TERM.
• CRUDE OIL STEADIES ON ASIA EQUITY, GREEK DEBT CONCERNS WEIGH.
• COPPER UP ON U.S. MANUFACTURING DATA, RISK APPETITE IN CHINA.
• DOMESTIC OIL SEED AND EDIBLE OIL MOVE TRADE LOWER.

Crude oil steadies as US holiday curtails trade 
World stock hits 4-1/2 high 
The euro slipped from one month high against the dollar. 
Gold up 0.5 pct as weak dollar  
SPDR gold ETF reports 78,000/oz outflow  
Copper steady as sentiment improves 
Copper stocks fall to lowest in more than 2 months
Aluminium inventories fall to lowest 

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MCX Commodity Market Report Today | FREE MCX Tips

Bullion counter may open on positive note tracking firm prices in electronic markets. Gold can also witness short covering after last week meltdown as its prices can test 21800 while silver can also bounce back to 52,000 levels in MCX. Base metals may continue its upside momentum tracking firm prices in SHFE. Copper extended gains on Monday after data last week showed that U.S. manufacturing grew at a surprisingly strong pace in June. Crude oil may remain sideways and lack of movement can be seen as NYMEX will remain closed due to holiday in US. Domestic market prices will trade in range of 4,200-4,280. 

• Precious metals are trading marginally higher on COMEX today. 
• Base metals are trading marginally higher on International bourses today. 
• Crude oil is trading stable on NYMEX today.

Copper for three-month delivery on the LME advanced $31.25 or 0.3% to $9,430 a tonne.

Crude oil for August delivery added 40 cents, to $95.34 a barrel on the New York Mercantile Exchange. In London, Brent crude oil for August delivery rose $0.07 to $111.84 a barrel on the ICE.

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