MCX Commodity Market Updates & Tips Today 26 March 2013

Precious metals prices are trading a tad lower on MCX today. We do not expect any major fall in prices of bullions on account of accommodative monetary policy by the Fed and higher reserves by Russia. Buying at dips is recommended for the day.

Industrial/Base metals prices are trading lower on international bourses today. In the evening session we have the new home sales data to be released by the US. Any negative data reported is likely to further weigh on the prices of metals. Selling on rise is recommended for the day.

Crude oil prices are trading higher on international bourses today. We expect oil prices to give up its gains on account of higher inventory expectations at major US ports. Selling on rise is expected for the day.

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NCDEX Agri Commodity Market Updates

Pepper futures may remain sideways. Jeera futures may trade with bearish bias. Cardamom futures may remain downside owing to ongoing harvesting season. Guar complex may continue to travel in bearish zone on account of profit booking from higher levels. Bearish crude oil prices may also bring the counter downside. Chana futures expected to remain sideways.

Domestic oilseeds may remain downside owing to weak global cues and heavy downfall in crude oil prices. Soybean futures trading down by nearly 1%, may add bearish sentiments to the domestic prices. CPO futures trading half a percent downside may pull down prices on the national bourse. Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to continue the bearish momentum into this week amid a gloomy global economic scenario.

FREE NCDEX Agri commodity market news, ncdex commodity trading tips, free ncdex tips on mobile by SMS.............

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Weekly MCX Commodity Market Report July 04 to 09 July 2011

COMEX Gold is in a consolidation phase. Last week COMEX Gold was sustaining at lower levels and closed below its 6 week low. In the coming week 1460 $ will act as a major support in COMEX Gold.

• For the next week traders can use buy on lower level strategy.
• Major support in MCX Gold is 21500 and 21100.
• Major resistance in MCX Gold is 22200 and 22500.

COMEX Silver is technically weak on charts. Last week COMEX Silver was sustaining at lower levels and closed near to its week low. For the upcoming week 3230$ and 3020$ are the crucial supports and 3800$ and 4000$ are crucial resistance in COMEX Silver. 

• For the next week traders can use sell on higher level strategy.
• In MCX Silver 54000 and 57000 will act as major resistance and 49000 and 47000 will act as major supports.

NYMEX Crude is in upward phase. Last week Crude oil was sustaining at higher level for most part of the week. For the coming week 88$ and 84.85$ will act as major supports and 98$ and 104.50$ a barrel will be a major resistance in NYMEX Crude. 

• In MCX Crude Oil major resistance is found at 4400 and 4650 and major supports will be 4050 and 3950.
• In MCX if Crude sustains above 4140 then above 4300 it can touch the level of 4350. Trade by keeping the proper stop loss.

Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. Last week COMEX Copper was sustaining at higher level and closed near to its week high. If next week COMEX Copper does not sustains above the level of 430 then below the level of 425 Copper can test the level of 420. 

• In MCX Copper sustains below 425 then below 421 it can test the level of 416 if it does not break the level of 432 on the upside.
• For MCX Copper major resistance would be 430 and 440 and supports would be found at 410 and 400.

Natural Gas is in a consolidation phase and traders should use the strategy of buying on lower levels. Last week Natural Gas was consolidating for most part of the week but on the last two days it came up. If next week Natural Gas sustains above the level of 4.200 $ then above the level of 4.400$ Natural Gas can test the level of 4.490 $ and below 4.150 $ Natural Gas can slightly go down and test the level of 4.050 $.

• MCX Natural Gas major resistance would be 201 and 207, supports would be found at 188 and 182.
• In MCX, if Natural Gas sustains above 194 in the coming week then it can test the level of 200, if it does not break the level of 188 on the downside.

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Weekly MCX Commodity Market Report

All bullion contracts showed down trend. 

Gold August 11 contract was down 0.42% to Rs 22,480 per 10 grams. 

Silver July 11 contract was down by 4.50% to Rs 53,320 per kg.

All metals contracts showed down trend. 

Copper June 11 contract was up by 0.65% to Rs 408.25 per kg, 

Zinc August 11 contract was down by 3.49% to Rs 100.40 per kg, 

Nickel June 11 contract was down by 5.44% to Rs 979.30 per kg.

All energy contracts showed down trend. 

Crude oil June 11 contract was down 6.31% to Rs 4,260 a barrel,

Natural gas June 11 contract was down by 4.83% to Rs 198.80 per MMBTU.

All agri contracts showed mixed trend. 

Cardamom August 11 contract was up by 1.37% to Rs 857.40 per kg, 

Refsoyoil July 11 contract was down by 2.98% to Rs 630.45 per 10 kgs, 

Menthaoil June 11 contract was down by 4.43% to Rs 839.70 per kg.

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Weekly commodity market report and trading tips

All bullion contracts showed mixed trend. 

Gold August 11 contract was up 0.08% to Rs 22,585.00 per 10 grams. 

Silver July 11 contract was up by 2.22% to Rs 55,835 per kg.

All metals contracts showed mixed trend. 

Aluminium July 11 contract was up by 0.85% to Rs 117.35 per kg, 

zinc August  11 contract was up by 2.20% to Rs 104.25 per kg,

copper August 11 contract was down by 0.23% to Rs 410.60 per kg.

All energy contracts showed mixed trend. 

Crude oil June 11 contract was up 1.04% to Rs 4,546 per barrel,

natural gas June 11 contract was down by 2.83% to Rs 208.80 per MMBTU.

All agri contracts showed mixed trend. 

Menthaoil June 11 contract was up by 0.83% to Rs 876.60 per kg, 

cardamom June 11 contract was up by 6.30% to Rs 770.10 per kg,

refsoyoil July 11 contract was down by 1.00% to Rs 650.80 per 10 kgs.

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MCX Commodity Market Weekly Report 06 - 11 June 2011

Major support in MCX Gold is 22400 and 22200

Major resistance in MCX Gold is 22850 and 2305

MCX Silver 61000 and 64000 will act as major resistance and 52000 and 50000 will act as major supports.

MCX Crude Oil major resistance is found at 4650 and 4780 and major supports will be 4360 and 4150.

MCX Crude oil above 4625 can touch the level of 4705 if it sustains above 4360. Trade by keeping the proper stop loss.

MCX Copper above 420 Copper can test the level of 426 if it does not break the level of 405 on the downside.

MCX Copper major resistance would be 425 and 437 and supports would be found at 400 and 380.

In MCX, if Natural Gas sustains below 210 in the coming week then it can test the level of 203, if it does not break the level of 222 on the upside.

For MCX Natural Gas major resistance would be 225 and 235, supports would be found at 200 and 190.

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Weekly commodity market report and trading tips

All bullion contracts showed up trend. 

Gold June 11 contract was up by 2.25% to Rs 22,370 per 10 grams. 

Silver July 11 contract was up by 6.45% to Rs 56,550 per kg.

All metals contracts showed mixed trend. 

Lead May 11 contract was up by 3.02% to Rs 112.25 per kg, 

aluminium May 11 contract was up by 3.34% to Rs 115.95 per kg,

copper June 11 contract was up by 1.93% to Rs 410.55 per kg, 

zinc May 11 contract was up by 5.56% to Rs 101.35 per kg, 

nickel July 11 contract was down by 2.78% to Rs 1,050.40 per kg.

All energy contracts showed up trend. 

Natural gas June 11 contract was up by 4.32% to Rs 196.20 per MMBTU,

crude oil July 11 contract was up 1.65% to Rs 4,610 per barrel.

All agri contracts showed mixed trend.  

refsoyoil July 11 contract was up by 1.63% to Rs 650.45 per 10 kgs, 

menthaoil May 11 contract was down by 9.66% to Rs 850 per kg,

cardamom June 11 contract was down by 7.09% to Rs 840.20 per kg.

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MCX Bullion and Crude Oil Report Today | MCX Call Intraday

The impact of weakness in the stock market is looking at the price of crude oil. Currently 0.5 per cent with the decline of crude oil remains below $ 97.
NYMEX $ 97 a barrel on Monday, crude oil closed at the level. Weakness in U.S. markets and fears of rising crude oil stocks slipped.

The prices of gold and silver look is coming. Currently, 1,490 gold dollars and silver are trading below $ 34. Because of the strengthening dollar on Monday to come up pressure on gold and silver show. COMEX the gold dollar level to close at 1493. Meanwhile, silver slipped 1 per cent on the dollar reached 34.5.

Oil prices dropped Monday, a good sign for drivers who are finally seeing a little relief at the gas pump.

Benchmark oil for June delivery fell USD 2.28 to settle at USD 97.37 a barrel on the New York Stock Exchange. In London, Brent crude for June delivery lost USD 2.44 to settle at USD 110.84 on the ICE Futures exchange.

In other Nymex trading in June contracts, heating oil fell 6.78 cents to settle at USD 2.8744 per gallon, gasoline futures dropped 14.33 cents to USD 2.9311 a gallon and natural gas rose 6.8 cents to settle at USD 4.379 per 1,000 cubic feet.

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Weekly commodity market technical report and trading tips (16 May - 20 May 2011)

MCX GOLD
R3               R2              R1              PP            S1             S2              S3
23124.33     22554.33    22258.67    21984.33   21688.67     21414.33      20844.33

Trend:- Consolidate  
Strategy:- Buy on dips

MCX SILVER
R3                R2             R1             PP           S1             S2               S3
74931.67    64706.67   59212.33      54481.67    48987.33     44256.67     34031.67

Trend:- Consolidate
Strategy:- Buy on dips

MCX CRUDE OIL
R3                R2             R1             PP             S1             S2              S3
5240.33      4858.33       4660.67       4476.33      4278.67       4094.33       3712.33

Trend:- Consolidate
Strategy:- Buy on dips

MCX NATURAL GAS
R3                R2             R1              PP           S1             S2              S3
205.73        197.93        194.67        190.13       186.87         182.33           174.53

Trend:- Consolidate
Strategy:- Sell on high

MCX COPPER
R3              R2            R1               PP           S1             S2              S3 
441.87      420.37        410.93        398.87       389.43        418.97          355.87

Trend:- Consolidate
Strategy:- Sell on high

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Weekly commodity market report and trading tips

All bullion contracts showed mixed trend.
Gold June 11 contract was up by 1.47% to Rs 22,050 per 10 grams,
GoldMini June 11 contract was up by 1.44% to Rs 22,060 per 10 grams.
Silver July 11 contract was down by 2.30% to Rs 54,018 per kg,
SilverMini June 11 contract was down by 2.30% to Rs 54,028 per kg.

All metals contracts showed mixed trend.
Zinc June 11 contract was up by 2.23% to Rs 98.25 per kg,
lead July 11 contract was down by 2.28% to Rs 102.35 per kg,
aluminium July 11 contract was down by 1.90% to Rs 118.35 per kg,
nickel July 11 contract was down by 0.72% to Rs 1,124.30 per kg,
copper June 11 contract was down by 0.70% to Rs 399.65 per kg.

All energy contracts showed down trend.
Natural gas July 11 contract was down by 3.37% to Rs 197.30 per MMBTU,
crude oil June 11 contract was down by 2.48% to Rs 4,523 per barrel.

All agri contracts showed mixed trend.
refsoyoil May 11 contract was up by 0.71% to Rs 617.20 per 10 kgs,
menthaoil May 11 contract was down by 5.66% to Rs 932.30 per kg,
cardamom May 11 contract was down by 5.27% to Rs 901.40 per kg.

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MCX Basemetals Trading tips | Crude oil report

Base Metals Updates

Base Metals huge ups - and downs is visible. After the initial strength Metals is dowing, including copper. 1.5 per cent fall in nickel. due to rising inflation pressure is visible in China .

 MCX Bullion updates

Silver and gold in today's rapidly returned. COMEX across the gold and silver of $ 1520 has reached out to $ 39. Silver in the domestic market is trading close to Rs 60,000. Greece debt problems and increasing crude oil prices due to the trend of investors to precious metals is increasing again.

 Crude Oil report

 Political struggles in the Middle Eastern and North African countries have eaten into crude oil production and have resulted in a fall in Organization of Petroleum Exporting Countries (OPEC) crude oil output to 28.84 million barrels per day from the previous 29.17 million b/d during the month of April, showed a survey by Platte.
 

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Weekly MCX Commodity Market Report and Trends 09 may - 14 may 2011

GOLD MCX
 R3              R2              R1                PP              S1                S2                 S3
24507.67  23313.67    22598.33     22119.67    21404.33      20925.67    19731.67

SILVER MCX
 R3              R2               R1             PP              S1                S2                 S3
97592.67  78462.67    4935.67     59332.67   47565.33      40202.67     21072.67

ALUMINIUM MCX
 R3               R2               R1            PP              S1                S2                 S3
137.73      128.08         122.37      118.43        112.72          108.78           99.13

COPPER MCX 
 R3               R2               R1             PP              S1                S2                 S3
467.48       436.53         418.17      405.58        387.22         418.97          343.68

LEAD MCX
 R3               R2               R1             PP              S1                S2                 S3
135.33       120.68         112.72      106.03        98.07           91.38            76.73

NICKEL MCX
 R3               R2               R1             PP              S1                S2                 S3
1417.27    1277.77      1194.13     1138.27     1054.63        998.77          859.27

ZINC MCX
 R3               R2               R1             PP              S1                S2                 S3
117.33       107.08        101.92       96.83          91.67           86.58            76.33

CRUDE OIL MCX
R3               R2               R1              PP              S1                S2                 S3
6333.33     5455.33       4935.67    4577.33     4057.67       3699.33       2821.33

NATURAL GAS MCX
R3                R2               R1              PP              S1                S2                 S3
241.30       219.50          206.00      197.70       184.20         175.90          154.10

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MCX Trading Tips: Weekly Commodity Market Report

BULLIONS
Gold June 11 contract was up by 1.31% to Rs 21,760 per 10 grams,
GoldMini May 11 contract was up 1.35% to Rs 21,610 per 10 grams.
Silver May 11 contract was up by 6.73% to Rs 65,630 per kg,
SilverMini April 11 contract was up by 6.74% to Rs 65,645 per kg.

METALS 
copper April 11 contract was up by 0.62% to Rs 424.30 per kg,
aluminium June 11 contract was up by 2.66% to Rs 121.40 per kg,
alumini April 11 contract was up 2.65% to Rs 120.35 per kg,
nickel April 11 contract was up by 0.87% to Rs 1,170.84 per kg,
lead April 11 contract was down by 1.35% to Rs 116.80 per kg,
lead mini April 11 contract was down by 1.35% to Rs 116.70 per kg,
zinc April 11 contract was down by 2.80% to Rs 103.95 per kg,
zinc mini April 11 contract was down by 2.76% to Rs 103.90 per kg.

ENERGY
Natural gas April 11 contract was up by 1.43% to Rs 191.20 per MMBTU,
crude oil May11 contract was up by 1.81% to Rs 4,940 per barrel.

AGRI 
Menthaoil June 11 contract was up by 6.26% to Rs 940.20 per kg,
refsoyoil April 11 contract was down by 1.28% to Rs 608.85 per 10 kgs, cardamom May 11 contract was down by 4.35% to Rs 1,084.40 per kg.

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MCX Trading Tips>> Weekly Commodity Market Report

BULLIONS
Gold June 11 contract was up by 1.48% to Rs 21,490 per 10 grams,
GoldMini May 11 contract was up 1.46% to Rs 21,490 per 10 grams.
Silver May 11 contract was up by 6.16% to Rs 61,500 per kg,
SilverMini June 11 contract was up by 6.30% to Rs 62,390 per kg.

METALS
Lead April 11 contract was down by 5.45% to Rs 118.60 per kg,
Lead mini April 11 contract was down by 5.45% to Rs 118.60 per kg,
Copper April 11 contract was down by 2.35% to Rs 421.80 per kg,
Zinc June 11 contract was down by 2.07% to Rs 108.90 per kg,
Zinc mini April 11 contract was down by 1.43% to Rs 107.10 per kg,
Aluminium June 11 contract was down by 1.08% to Rs 118.80 per kg,
Alumini June 11 contract was down 1.08% to Rs 118.50 per kg,
Nickel April 11 contract was down by 3.08% to Rs 1,161.75 per kg.

ENERGY
Natural gas April 11 contract was up by 4.71% to Rs 189 per MMBTU,
Crude oil April 11 contract was down by 1.54% to Rs 4,805 per barrel.

AGRI
Mentha oil June 11 contract was up by 0.97% to Rs 885.30 per kg
Refsoyoil May 11 contract was down by 1.10% to Rs 622.10 per 10 kgs, Cardamom April 11 contract was down by 3.69% to Rs 1,090.30 per kg.

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MCX Commodity Market: Weekly Report of Bullions, Metals, Energy and Trading Tips

BULLIONS:

MCX Gold (June)

S3 - 20467   

S2 - 20633

S1 - 20787

R1 - 21107

R2 - 21273

R3 - 21427 

Recommendation: 

Buy MCX Gold at Rs. 20920, TP 21100, SL 20850

MCX Silver (May)

S3 - 53484   

S2 - 54059

S1 - 54994

R1 - 56504

R2 - 57079

R3 - 58014 

Recommendation:
Buy MCx Silver at Rs. 55550, TP 56250, SL 55100

METALS:

MCX Aluminium (Apr-11)

S3 -113.5      

S2 - 114.7

S1 - 115.9

Close - 117.0

R1 - 118.2

R2 - 119.4

R3 - 120.6

Recommendations: 
Buy MCX Aluminium at Rs. 115-116, TP 119/121, SL 113

MCX Copper (Apr-11)

S3 - 390.2    

S2 - 403.5

S1 - 411.8

Close - 420.0

R1 - 433.4

R2 - 446.7

R3 - 455.0

Recommendations:

Sell MCX Copper at Rs. 424-427, TP 416/411, SL 434

MCX Lead (Apr-11)

S3 -116.2      

S2 - 117.6

S1 - 120.2

Close - 122.8

R1 - 124.2

R2 - 125.6

R3 - 128.2

Recommendations:

Buy MCX Lead at Rs. 121-122, TP 124.5/128, SL 118

MCX Nickel (Apr-11)

S3 -1038.0  

S2 - 1087.7

S1 - 1120.7

Close - 1153.8 

R1 - 1203.4

R2 - 1253.1

R3 - 1286.1

Recommendations:

Sell MCX Nickel at Rs. 1170-75, TP 1140/1130, SL 1195

MCX Zinc (Apr-11)

S3 - 100.8   

S2 - 102.2

S1 - 104.3

Close - 106.5

R1 - 107.9

R2 - 109.3

R3 - 111.4

Recommendations:

Buy MCX Zinc at Rs. 104-105, TP 109/111, SL 102
 

ENERGY:

MCX Crude Oil (Apr)

S3 - 4491    

S2 - 4560

S1 - 4690

R1 - 4889

R2 - 4958

R3 - 5088

Recommendations:

Buy MCX Crude Oil at Rs. 4730-4760, TP 4830 then 4920, SL 4650

MCX natural Gas (Apr)

S3 - 170.2    

S2 - 179.7

S1 - 186.8

R1 - 203.4

R2 - 212.9

R3 - 220.0

Recommendations:

Sell MCX Natural Gas in the range Rs. 197-199 targeting Rs. 189 then Rs. 182 with stop loss above Rs. 206.

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MCX NCDEX Commodity Market Weekly Report and Trading Tips

BULLIONS:

Gold April 11 contract was down by 0.73% to Rs 20,693 per 10 grams, 

GoldMini April 11 contract was down 0.68% to Rs 20,697 per 10 grams 

Silver May 11 contract was up by 0.91% to Rs 55,970 per kg, 

SilverMini April 11 contract was up by 0.87% to Rs 55,967 per kg.

METALS:

Lead March 11 contract was up by 0.16% to Rs 121.45 per kg, 

lead mini May 11 contract was up by 0.12% to Rs 121.70 per kg, 

copper April 11 contract was down by 2.93% to Rs 425.30 per kg, 

zinc March 11 contract was down by 3.54% to Rs 103.50 per kg, 

zinc mini March 11 contract was down by 3.59% to Rs 103.50 per kg, 

nickel March 11 contract was down by 4.03% to Rs 1,164.40 per kg, 

aluminium March 11 contract was down by 0.43% to Rs 116.50 per kg, 

alumini March 11 contract was down 0.43% to Rs 116.05 per kg.

ENERGY:

Natural gas May 11 contract was up by 0.80% to Rs 202.30 per MMBTU, 

crude oil April 11 contract was up by 0.42% to Rs 4,744 per barrel.

AGRI COMMODITY:

flakementha April 11 contract was up by 0.44% to Rs 1,312.80 per kg, 

refsoyoil May 11 contract was up by 1.03% to Rs 608.70 per 10 kgs,

cardamom April 11 contract was down by 2.76% to Rs 1,083.30 per kg,
menthaoil March 11 contract was down by 5.97% to Rs 1,211.80 per kg.

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