MCX Commodity Tips - NCDEX Agri Commodity Market Data

MCX Gold and Silver are trading at negative prices. MCX Gold is trading near at Rs. 28,600 and MCX Silver is trading in the range of Rs. 55,100-55,500. MCX Gold can trade in range of 28,700-28,900 in near term. All base metals are trading at negative prices today. MCX Copper can trade in range of 405-412 in domestic market. We expect that all base metals are trading at lower levels in today's trading session. Yesterday MCX Crude Oil touch its highest level. It touch the levels above Rs. 5300. Today its again trading above Rs. 5300 but trading at lower prices.

NCDEX Agri Commodity Market Updates:
Cardamom futures may find some support at lower levels owing to temporary crunch in supply. Turmeric futures may trade sideways tracking a steady tone in spot markets. Pepper futures may hold above 34,500, blessed by weaker rupee, opening doors for higher exports. Soybean futures may hold gains tracking firm international prices & dwindling stocks at the spot markets.

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MCX Market Data - Commodity Market News Today

MCX Gold and Silver live Prices and Tips:
MCX Gold price down on Monday, pushing the price down by as much as 3% on the day, its largest one-day fall in three months. MCX Gold and Silver are trading at higher levels today. MCX Gold price again touch the level of Rs. 29,000.

MCX Base Metals Tips and Copper Updates:
All base metals are trading on positive prices today. MCX Copper hit a near two-week low on Monday. MCX Copper price touch the levels of Rs. 415 in this month. MCX Copper and other base metals are trading at higher levels in today's trading session.

MCX Crude Updates:
Crude oil futures may trade sideways and expected to remain above 5,100 levels. MCX Crude Oil December is currently trading at Rs. 5222, it is trading up by Rs. 19 for the day. MCX Crudeoil price touch the levels of Rs. 5300 in this month.

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Weekly MCX Commodity Market Report

MCX GOLD
For the next week traders can use sell on higher level strategy if MCX Gold below 29000 it can test the level of 28800/28600/28450. Trade by keeping the strict stop losses.
Major support in MCX Gold is 28600and 28000.
Major resistance in MCX Gold is 29500 and 30100.

MCX SILVER
MCX Silver 59000 and 62000 will act as major resistance and 54000 and 51500 will act as major supports. For the next week traders can use sell on higher level strategy if MCX Silver sustains below 56000 then it can test the level of 55100/54300/53500, trade by keeping the proper stop losses.

MCX COPPER
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. MCX, Copper sustains above 414 then it can test the level of 419/424/429 if it does not break the level of 404 on the downside. For the upcoming week MCX Copper major resistance would be 425 and 435 and supports would be found at 390and 378.

MCX CRUDE
NYMEX Crude is in consolidation phase. For the coming week MCX Crude Oil major resistance is found at 5260 and 5400 and major supports will be 4900 and 4700. For the next week traders can use sell on higher level strategy, if MCX Crude sustains below 5110 then below 5070 it can test the level of 5005/4950/4880 in this week. Trade by keeping the proper stop loss.

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MCX Gold, Silver, Copper, Crude Updates and Trading Tips

Yesterday MCX Gold, Silver, Copper, Crude and other base metals were closed at negative price. Today both precious metals MCX Gold and Silver are trading at positive price. All base metals are trading at higher levels today. MCX Crude and Naturalgas are trading at lower price today. MCX Gold is trading above Rs. 29,100 and MCX Silver is trading above Rs. 56,700. We assume that all are trading same for the day. MCX Copper again touch the high level of Rs. 415 and low level of Rs. 405.

MCX Crude and Copper Updates:
Crude oil prices were mixed in Asia on Friday after the European Central Bank (ECB) announced it would cut its main interest rate. We expect gold and silver prices to trade higher in today trading session. Base metals are also expected to trade with a positive bias today. We expect Crude oil prices to trade with a negative bias.

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