DAILY COMMODITY AGRI UPDATES 05 AUG 2014

Agro Outlook
D A I L Y B U Z Z
CHANA 
Chana prices fell 0.69 per cent to Rs 2,871 per quintal in futures trade today as speculators trimmed positions amidst increased supplies from producing regions in the spot market against weak demand.

At the National Commodity and Derivative Exchange, chana for delivery in September moved down by Rs 20, or 0.69 per cent, to Rs 2,871 per quintal with an open interest of 1,15,010 lots.

Similarly, the commodity for delivery in August traded lower by Rs 18, or 0.64 per cent, to Rs 2,787 per quintal in 92,020 lots.

TURMERIC 
Turmeric prices shot up by 2.29 per cent to Rs 6,780 per quintal in futures trading today as speculators indulged in creating fresh positions amid rising demand in the spot market.

Besides, tight stocks position in the physical market following fall in supplies from producing regions also supported the upside in turmeric prices.

At the National Commodity and Derivatives Exchange, turmeric for delivery in September spurted by Rs 152, or 2.29 per cent, to Rs 6,780 per quintal with an open interest of 6,560 lots.

Similarly, the spice for delivery in August gained Rs 128, or 1.99 per cent, to Rs 6,548 per quintal in 11,265 lots. 

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Weekly MCX Silver Tips, Copper Updates, Crude oil Tips, Gold Updates

Gold prices rose more than 1% on last day of the week. In this week 29,400 will act as a major resistance and 27,800 will act as a major support in MCX Gold . For this week traders can use buy on lower level strategy if Gold sustains above 28,800 then above 29,000 it can test the level of 29,400/ 29,600.

Silver is also looking technically strong on charts. Last week Silver was trading in a bearish trend for most part of the week but on the last two days of the week we saw good short-covering coming at lower level and it erased most of it previous losses. For this week 51,200 and 50,000 are the major supports whereas 55,000 and 56,800 are major resistance in MCX Silver. For this week traders can use buy on lower level strategy. If Silver sustains above the level of 54,000 then  above 54,500 Silver can test the level of 55,200/ 56,000.

For this week Copper is expected to trade on higher levels. For this week 431-440 will act as major resistance level and 417-413 will act as major supports level for MCX Copper.

Technically, Crude Oil was consolidating at lower levels, trading in a range of 5,150 to 5,000 for entire week. For this week 5,000 and 4,800 will act as major supports and 5,120 and 5,250 will act as major resistance in MCX Crude Oil. For this week traders can use sell on higher level strategy, if MCX Crude sustains below the level of 5,000 then below 4,950 it can test the level of 4,870/ 4,800.

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MCX Gold and Silver Tips, Copper Updates Today 19 April 2012

Gold futures may trade sideways with downside remaining capped. Gold prices are expected to trade within a range from 28600 to 28400. Silver prices are expected to trade within a broad range from 56600 to 55300. MCX Copper futures may trade range bound wit upside being capped. Support for April copper is seen at Rs.414 while resistance is seen at Rs.422. Crude oil futures may trade sideways with a bearish bias. MCX Crude oil may trade in the range of Rs. 5380-5440 in today's trading session.

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NCDEX ~ Agri Commodity Market Updates Today 30 March 2012

Pepper futures are expected to trade lower on weak export demand. Pepper April futures prices are expected to extend the volatile movement on back of prevailing uncertainty about the trend. Turmeric futures may extend its weak trend as arrivals may rise in major spot markets in the upcoming days. Cardamom futures prices are expected to trade slightly lower initially during the day. Outlook for Jeera is down for the day. Jeera April futures prices are expected to trade slightly positive on extended recovery during early trading hours. Guar Complex is expected to trade lower for the day.

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MCX Commodity Tips, Gold Updates, Silver Updates, MCX Updates Today

In precious metals Gold and Silver are trading flat on MCX commodity market today. Gold is trading above Rs. 28,100 and Silver is trading near at Rs. 57,000. We expect prices to trade range bound for the day. All base metals are trading on a flat note today. Support for April copper is seen at Rs.426 while resistance is seen at Rs.438. We expect prices to trade lower for the day on account of signs of slowing growth in top consumer China. Crude oil is trading lower on MCX today. It is trading in the range of Rs. 5270-5310 in today's trading session. We expect prices to trade lower for the day.

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MCX Commodity Tips ~ Intraday market updates today 27 feb 2012

Bullion counter is expected to remain sideways with some profit booking seen at higher levels. Gold prices can trade in range of 28,500-28,900 while silver in range of 58,000-59,000. In base metals Copper may trade in range of 415-420 while lead may remain in range of 105.50-107.50 and nickel in range of 970-990. Crude oil can also witness some profit booking at higher levels. Crude oil can trade in range of 5,350-5,450. Natural gas can also trade in range of 130-135.

MCX Gold may touch the levels of Rs. 29,000 and Silver may touch the levels of Rs. 60,000 in upcoming trading session. Copper has broken the uptrend line support and now 425 becomes its crucial resistance level. It has a good support of 404 level and final crucial support for it is 399 levels.

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NCDEX Tips ~ MCX Commodity Tips Today 24 feb 2012

Precious metals (Gold and Silver) are trading lower on MCX commodity market today. We expect prices to trade higher for the day on account a weaker dollar and worries over the euro zone crisis. All base metals are trading on a negative note today. We expect prices to trade lower for the day. Crude oil is trading higher on MCX today. We expect prices to trade higher for the day.

NCDEX Agri Commodity Market Tips Today:
Outlook for Soybean is seen up for the day. Guar Complex is expected to trade higher for the day. Outlook for Chana is up for the day. Outlook for Jeera is down for the day.

Pepper futures to trade lower for the day. Pepper prices traded higher and finally it closed the day at 33700. 
Resistances: 33500/34000/34500
Supports: 33000/32680/32500

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MCX Trading Tips - Gold, Silver, Copper Crude Tips Today

Precious/Bullion metals (Gold and Silver) are trading higher on MCX commodity market today. We expect prices to trade lower for the day on account of a strong dollar after mass downgrades of euro zone nations by Standard & Poor's on Friday.  All base metals are trading lower on International bourses today. We expect prices to trade lower for the day. Crude oil is trading higher on MCX commodity today. We expect prices to trade higher for the day.

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Today Commodity Market News and Trading Tips

Today is the new day in new year for trading. Gold, Silver, Copper, Crude all are trading at postibve price. Gold is trading above Rs. 27,000 and Silver is trading above Rs. 51,000. MCX Copper is trading in the range of Rs. 405-408 in today's trading session. Crude Oil is trading above Rs. 5300. Gold price may touch the levels of Rs. 28,000 and Silver Price may touch Rs. 53,000 in upcoming trading session. MCX Copper is also touch the high levels of Rs. 415 in upcoming trading session. All base metals are trading at higher levels today. We expect that all are trading at higher prices for the day.

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MCX Commodity Tips, NCDEX Agri Commodity Market Updates

Today again Gold, Silver, Copper, Crude in commodity market are trading at positive prices, other base metals are trading at negative prices. MCX Gold can test 28,000 while silver 54,000 in near term. Copper can trade in range of 390-405. Support for February copper is seen at Rs. 390 while resistance is seen at Rs. 402. MCX Crude can test 5,200 on domestic bourses. All base metals are trading on a positive note today.

Turmeric futures may trade sideways. Pepper futures to trade lower for the day. Pepper futures may trade sideways facing resistance near 36,000 levels. Pepper prices fell sharply yesterday and closed the day at 35315. Cardamom futures may trade bearish due to lack of fresh cues coming in from the spot markets. Guar Complex is expected to trade higher for the day. Gur prices traded higher after making a high of 1090 closed the day at 1083. Guar seed prices opened with upside gap and traded higher after making a low of 6500 closed the day at 6616. Outlook for Soybean is seen up for the day. CPO is expected to trade higher. Outlook for Chana is up for the day. Outlook for Jeera is sideways to down for the day.

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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 Data and Trading Tips

Gold
For the next week traders can use buy on lower level strategy if Gold above 27800 it can test the level of 28000/28200/28450. Trade by keeping the strict stop losses.
Major support in Gold is 25500 and 24000.
Major resistance in Gold is 28700 and 29500.

SILVER
For the next week traders can use buy on lower level strategy if Silver sustains above 54000 then it can test the level of 55100/55900/56700, Trade by keeping the proper stop losses. For the upcoming week Silver 57000 and 59000 will act as major resistance and 51500 and 49500 will act as major supports.

COPPER
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. For the upcoming week Copper major resistance would be 410 and 430 and supports would be found at 370 and 355.

CRUDE
For the next week traders can use sell on higher level strategy, if Crude sustains below 4900 then below 4850 it can test the level of 4790/4720 in this week. Trade by keeping the proper stop loss. For the coming week Crude Oil major resistance is found at 5260 and 5400 and major supports will be 4680 and 4500.

NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. For the upcoming week Natural Gas major resistance would be 195 and 205, supports would be found at 155 and 143.

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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 tips, Silver tips, crude updates, copper news Today

Today all the products in MCX Commodity Market are trading totally opposite as compare to yesterday. MCX Gold, Silver, Copper, Crude and all other Base Metals are trading at positive prices today. MCX Silver Prices increase more than 2% as compare to yesterday. We assume that prices of MCX Gold, Silver, All Base Metals, Crude are bullish or higher for the day.

NCDEX Agri Commodity Market News Today:

Pepper futures may remain below 35,000 levels. Jeera futures may trade bearish. Cardamom futures may trade bearish. Guar complex may trade with a weaker bias. Soybean futures may trade sideways.

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MCX Gold, Silver, Copper, Crude Report for next week

GOLD
For the next week traders can use sell on higher level strategy if MCX Gold below 27400 it can test the level of 27200/27000/26850. Trade by keeping the strict stop losses.

Major support in MCX Gold is 27100and 26500
Major resistance in MCX Gold is 28600 and 29100

SILVER
For the next week MCX Silver sustains above 57200 then it can test the level of 58500/59800, 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.

CRUDE
For the next week traders can use sell on higher level strategy, if MCX Crude sustains below 4600 then below 4545 it can test the level of 4470/4390/4340 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 4500 and 4680 and major supports will be 4200 and 4000.

COPPER
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. Next week MCX, Copper sustains below 382 then it can test the level of 377/372.5/366.6 if it does not break the level of 401 on the upside. For the upcoming week MCX Copper major resistance would be 415 and 425 and supports would be found at 375 and 355.

NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. MCX, if Natural Gas sustains below 185 in the coming week then it can test the level of 180/176/172, if it does not break the level of 194 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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Free MCX and NCDEX Commodity Market News Today

Today MCX Gold futures may trade with negative bias. MCX Silver is also trading at lower prices today. Base metals pack may trade sideways. In base metals MCX Copper is also trading at negative and all other base metals are trading at lower prices today. In Energy MCX Crude oil futures may trade sideways with a bearish bias tracking weak international prices. MCX Natural Gas is trading at higher prices today. MCX Natural gas may remain sideways holding the support of 186 levels.

MCX Gold Dec is currently at Rs. 27420, it is trading up by 77 points for the day. MCX Silver Dec is currently trading at Rs. 56660, it is up 233 points for the day. MCX Crude Oil November is currently trading at Rs. 4543, it is trading up by 27 for the day. All base metals are trading on a negative note today.

NCDEX Agri Commodity Market Report Today:-

Pepper futures to trade lower for the day. Pepper futures may trade sideways owing to mixed sentiments prevailing in the market. Cardamom futures may trade bearish as supply continues to outstrip demand. Guar Complex is expected to trade lower for the day. Guar complex may remain sideways owing to profit booking from higher levels. Outlook for Soybean is seen down for the day. Outlook for Chana is sideways to up for the day. Outlook for Jeera is sideways to down for the day. 

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MCX Gold, Crude oil, Copper Report Today

GOLD TUMBLES AS EURO ZONE DEBT WORRIES MOUNT.
CRUDE OIL DOWN ON EURO DEBT CRISIS.
COPPER HITS 2-WEEK LOW AS EU DEBT TALKS STAGNATE.
INDIAN SPICES UP ON FESTIVE DEMAND.

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MCX (Gold, Silver, Base Metals, Crude) Updates Today

Today all the products in MCX Commodity Market are trading at lower levels. MCX Gold and Silver are trading negative. All base metals are trading at lower prices. MCX Crude oil is also trading on negative price, only MCX natural gas is trading on positive price. Gold prices can open sideways with firm bias. Gold prices could rise this week. Base metals may trade sideways amid mixed overseas cues. MCX Crude oil may show lateral movement and can move in range of 4250-4300.

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

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Support & Resistance levels of MCX Commodity today

GOLD RAISES 2 PCT AFTER ECB LEAVES RATES UNCHANGED.
CRUDE OIL IN NEW YORK TRADES NEAR 5-WEEK HIGH BEFORE U.S. INVENTORY DATA.
COPPER EDGES DOWN, TRACKS FALL IN EQUITIES.
DOMESTIC OIL AND OILSEED TRADE HIGH ON SHORT COVERING.

MCX SILVER (DEC)
TREND: Consolidate
R2: 68500
R1: 67200
S1: 62530
S2: 60500
STRATEGY: Buy on dips

MCX COPPER (NOV)
TREND: Consolidate
R2: 435
R1: 429
S1: 418
S2: 412
STRATEGY: Buy on dips

MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4240
R1: 4190
S1: 4040
S2: 3980
STRATEGY: Buy on dips

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