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Crude Oil Price, Crude Tips, MCX Crude Tips, Crude Updates, Crude Oil Trading, mcx india, ncdex live
Today all commodities are trading with the red points, all commodities are down today. May be the reason is down trend of stock market. Today Nifty has falled more than 34 points. Crude oil is also get some effect of it, Now it is trading at 5325 with the loss of 17 points. It is looking consolidate today. It may trade with a lower trend in this week.
We Suggest that don't make any fresh position in crude oil.
Today Crude Oil closed in a positive phase. MCX crude oil trading in a consolidation phase with a slightly positive base and getting towards 5050/5080. But it is not sure that it will relly to these levels. For sure tips and sure profit please fill the free trial form here>>>
After a good build-up of yesterday MCX crude is now looking solid today also, reason may be the oil ministry has approved sale of a 10 percent stake in state-run explorer Oil India. But New York oil prices fell today after hitting fresh five-month high levels following a deal that reverses the build-up of crude stockpiles in the United States. According to our report Crude has sufficient reason to go downside today.
According to our research report Support for MCX Crude Dec. contract is seen at Rs.4945 while Resistance is seen at Rs.5125.
After declaration of the cut in petrol prices by state-run oil companies will have negligible or marginal impact on the country's economy, but it will not help to recover from the industry our experts observe. Bringing down fuel prices is always a good decision but this time it don't have the long term policy. It is just the rupee is depreciating against the dollar. However, Indian Oil Corp (IOC), the largest of the three state-run oil marketing companies, stated that a fall in global crude prices and the rupee remaining stable at 49.30 to a US dollar were the reasons for the cut in petrol prices in domestic market.
MCX GOLD TREND- The downside in gold is more protected because that is well supported at the moment. The broader market clings to any sort of good news and to anything that is mildly positive. So according to our commodity report: It says MCX gold has some positive points to get its higher position. So you can trade in Gold as much posible you can.
MCX CRUDE UPDATES- Our report said that: Serious action is needed now, in crude oil prices are still quite strong, given the environment. The focus is still the debt crisis in the euro zone: the headwinds from there abate somewhat with the new government in Greece and the pending Berlusconi resignation. It is a good hint for Crude trading to get profit from it.
Gold settled lower after rising more than 1 percent in the previous session, but prices held near their highest in six weeks due to Indian festival session and may be the uncertainty surrounding the euro zone debt crisis and the prospect of a Greek exit from the euro. Spot Gold is currently trading at $1760. MCX Gold Dec is currently at Rs.27950, it is trading down. Comex Silver is currently trading at $34.50 whereas MCX Silver Dec is currently trading at Rs.56706, it is trading down.
Oil traded near a three-month high in New York as signs that Europe will reach an agreement with Greece on its debt reduced concern that faltering global economic growth will limit fuel demand. WTI Crude Oil is currently trading at $93.85 per barrel. MCX Crude Oil November is currently trading at Rs.4617, it is trading up by Rs.8 for the day.
MCX Gold Trading Strategies-
The support for Gold remains at 27223/26921 it has resistance at 27691/27857 level. Gold prices firmed on renewed safe-haven demand as fears about Greece's debt crisis returned after its government shocked the markets with a call for a referendum on a European Union aid deal.
MCX Silver Trading Strategies-
The support for Silver remains at 53813/52312 while it has resistance at 568771/58440 level. Silver firmed on renewed safe-haven demand as fears about Greece's debt crisis returned after its government shocked the markets with a call for a referendum on a European Union aid deal.
MCX Crude Trading Strategies-
The support for Crude remains at 4427/4362 while it has resistance at 4552/4612 level. Oil fell in New York for a fourth day, the longest losing streak in three months, on concern a Greek referendum on Europe’s rescue plan will worsen the region’s debt crisis and curb economic growth.
All commodity are looking good today except Natural gas. Gold and silver are the best investment till diwali. Copper and crude are also good bet in current circumstances. So make fresh buy position in Gold.
Crude Oil Report for Today-
MCX Crude oil is also gain today. Today it rose by more than 1% and srt on above 4300. although euro zone did't show any improvement and we aspect that Libia show some improvement in oil production at the end of the month.
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MCX crude is looking week at this time where all commodities are also down. May be this will reason for downtrend for crude. Today Equity and commodity markets witnessed a major sell-off. But also witnessed some buying interest in last few weeks as nations across the continent stepped up efforts to support their respective economies. So here is so much volatility in these few sessions.
Trend- Technically Crude oil is looking bearish, So it will good to make short position in Crude for short term.
We suggest that sell crude to get the target of 4200 for short term.
Crude : Oil dropped for a second day in New York after signs of weakening gasoline demand in the U.S. and slowing Chinese exports stoked speculation that demand may falter in the world’s largest consumers of crude. Futures slipped as much as 1.1 percent after American Petroleum Institute data showed U.S.gasoline demand fell the most in more than five years. In China, exports climbed the least since February last month as imports slowed, data from the customs bureau showed today. Brent oil in London was at the highest premium to New York crude in five weeks. MCX Crude Oct is trading at `4164, it is trading down by `41.
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Commodities like gold and crude oil are looking good at this time after European Central Bank has announced measures to boost liquidity to euro zone lenders and the Bank of England has executed monetary easing measures, however silver is very volatile today, while copper is looking solid today.
Technically Gold and crude oil is looking good today so we suggest that make a freash position in Gold and Crude.
We suggest that Buy Crude oil on deeps for the target of 4150 having a stoploss of 3980 for short term.
Today bullions are in a good position after a down previous session of last saturday. Bullions are now recovered from that. MCX Gold is on 26488.00 having the gain of over 434.00 points, and Silver is also up on 51972.00 with 791.00 up. Technically all commodities are looking week but bullions are looking to lead the comodity today. The Bullions may go more upside.
We recommend that: Buy Gold (oct) for its current price for target 27000, with a stoploss of 25900.
COMMODITY NEWS HIGHLIGHT
GOLD POSTS BIG Q3 GAIN DESPITE SHARP MONTHLY DROP.
U.S. CRUDE IN BIGGEST QUARTERLY FALL SINCE 2008.
COPPER ENDS DOWN, LOGS WORST QUARTER IN 3 YEARS.
GUARSEED AND GUARSEED CLOCK 4PC LOWER CIRCUIT.
NCDEX Table for Commodities
COMMODITY
| EXCHANGE
| CLOSING PRICE
| % CHANGE
|
JEERA
| NCDEX
| 14556
| -0.82
|
PEPPER
| NCDEX
| 35210
| -0.51
|
TURMERIC
| NCDEX
| 4660
| 4.02
|
GUARSEED
| NCDEX
| 4253
| -4
|
GUARGUM
| NCDEX
| 13301
| -4
|
CHANA
| NCDEX
| 3124
| -4
|
SOYBEAN
| NCDEX
| 2105
| 0.72
|
SOY OIL REFINED
| NCDEX
| 600
| -2.3
|
MUSTARD SEED
| NCDEX
| 2735
| -1.37
|
COTTONSEED OILCAKE
| NCDEX
| 1105
| -0.09
|
GUR
| NCDEX
| 960
| -0.21
|
POTATO
| NCDEX
| 582.4
| -0.12
|
MENTHA OIL
| MCX
| 1353.1
| -3.12
|
CARDAMOM
| MCX
| 714.2
| 0.28
|
Today all commodities are looking good in that mcx copper is also bullish today. Today it is up by the 0.07%. Technically it is looking to recover from its previous trend. It is looking positive. Make a fresh position from here in copper.
We recommend that:
Buy MCX Copper above 356.50, Target: 363 with the stoploss of 352 for short term trading.
Today again all commodities are down, In bullion gold is down by 0.25%, wheres Silver is down by more then 1.50%. MCX crude oil is down by 0.75%.. Natural Gas is down by 0.53%. It is a good position to make new position. Buy Commodities on dips to get more profit.
We recommend that:
Buy MCX Gold on dips to get the target of 26450 with a stoploss of 25600 for the short term.
Crude is looking positive today but in Evening market it is going down side. Now it is 3900 level. It is looking more bearish so short crude in Intraday basis.
We recommend that:
Crude: Sell MCX Crude at current level,
Target: 3850, Stoploss: 3950.
