MCX Live Tips and Commodity Updates Today

MCX Gold Tips

For this week we expect gold prices to find Support at 29970-29930 levels and further below strong support is seen at 29700-29650 levels and below that 29555-29254. Resistance is now seen at 30400-30430 levels and then strong resistance is seen at 30690-30720 levels. Trading consistently above 30730 levels would trigger a sharp rally initially towards 31030 then 31400 and then finally towards the Major resistance at 31800 levels.

MCX Copper Tips

For this week we expect Copper prices to find support at 414-413 levels. Trading consistently below 413 would lead towards the strong support at 408-400 levels. Resistance is now observed in the range of 422.40-423.70 levels. Trading consistently above 424 levels would extend the current up move initially towards 429 then 440 and then finally towards the major resistance at 449 levels. 

MCX Crude Tips

For this week we expect Crude prices to find support at 4665-4645 levels. Trading consistently below 4645 levels would trigger correction initially towards 4616 levels, then 4560, and then finally towards the major support at 4517 levels. Resistance is now observed at 4810-4830 levels. Trading consistently above 4830 levels would trigger a sharp rally initially towards 4911 levels, then 4954 and then finally towards the Major resistance at 5096 levels.

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MCX Updates: Gold Silver Tips For Today

MCX Gold Tips

Gold prices in India are expected to trade with a positive bias during this week. Sentiments in the global markets could turn choppy and lead to weakness in the Indian Rupee, thus supporting gold prices in the domestic markets. Consolidation inside 29200-28700 have been progressing for the last few days. However, prevailing chart formation seems positive and prices could possibly break the upside and test the target of 29200 initially followed by 29400 levels. An unexpected drift lower below 28650 would be an early signal of bearish sign.

MCX Silver Tips

The Rupee could weaken during the week on account of weak global and domestic economic fundamentals. A weaker Rupee is expected to support upside in silver prices in India, although prices in the international markets are expected to trade lower. Consolidation resistance of 54800 has been pierced and for the day, we expect prices to move further towards 55400 or even more. At the same time, close below 54000 could negate the view and take prices lower.

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MCX Tips and Updates For Today

MCX Crude Oil Updates

On the domestic bourses, prices gained by 0.4 percent on account of depreciation in Indian Rupee and closed at Rs.5,056/bbl after touching a low of Rs.4,992/bbl in last week. From an intra-day perspective, we expect crude oil prices to trade positively on account of ease in concerns of over Greece exiting the Euro Zone.

MCX Copper Updates

In MCX Copper, prices increased by 0.6 percent on the back of appreciation in Indian Rupee and closed at Rs.423.5/kg on Friday after touching a low of Rs.421/kg in last week. We expect base metal prices on the LME to trade with a positive bias on the back of weakness in the dollar index. Copper closed slightly higher, as prices clawed back from a 4-1/2-month lows, as uncertainty over Europe's economy and the potential exit of Greece from the euro hammered the single currency.

Free Commodity Tips

• MCX Gold (Jun) Sell Below 28900, Targets: 28830-28750, with a Stoploss of 28940.
• MCX Copper (Jun) Buy Above 424, Targets: 426.5-429 with a stoploss of 422.
• MCX Aluminum (May) Buy Above 110, Targets: 111-112 with a stoploss of 109.3
• MCX Crude oil (Jun) Sell Below 5070, Targets: 5045-5090 with a Stoploss of 5090.
• MCX Nickel (May) Buy Above 936, Targets: 950-960 with a stoploss of 934.

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MCX Gold Tips and Silver Trand For Today

MCX Gold Tips

Gold can trade in range of 28,300-29,400 in MCX while COMEX gold can trade in range of USD 1,520-1,630 in near term. MCX Gold June as seen in the weekly chart above has initially moved sharply higher. For this week we expect gold prices to find Support at 28860-28820 levels and further below strong support is seen at 28725-28700 levels.

Trading consistently below 28,700 levels would trigger sharp correction initially towards 28620 then 28525 and then finally towards the major support at 28281 levels. Resistance is now seen at 29160-29190 levels. Trading consistently above 29200 levels would renew the previous rally initially towards 29490 and then finally towards 29730 levels.

MCX Silver Tips

White metal silver can trade in range of 52500-56000. MCX Silver July as seen in the weekly chart above has opened at 54525 levels initially made a high of 55,119 levels and then fell sharply lower, but found good support at 53320 levels.

Trading consistently below 54,200 levels would lead towards the Strong Support at 53,500 levels. Daily closing below 53,500 levels would indicate that a short term top has been posted and thereby would open the door for a new leg down initially towards 52,500 and then finally towards 51,100 levels. Resistance is now observed at 55,290-55,400 levels. Trading consistently above 55,400 levels would renew the uptrend and can lead initially towards 56,100 levels and then finally towards 57,600 levels.

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MCX Commodity Tips and Trend News For Today

Gold futures prices continued to seek support after plunging below $1550 and at present are quoting up by 0.75% at the early Globex. The besieged Euro hovered just above the level seen last since July 2010 took the yellow metal and stocks along for the ride. Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange traded fund, rose to 1,268.15 tonnes by May 23, up by 2.72 tonnes from the previous business day. With expectations of Greece’s exit from the Euro Zone building up, market sentiments remain tuned towards a further bearish scenario. It is only due to Rupee depreciation that we have not seen sharp losses in the domestic markets.

Silver futures prices are quoting well above yesterday’s closing at the Globex with some sort of positivity on re-establishment of two rescue funds namely Euro plus Pact and a European semester. But the summit provided no clear resolution to the wrecked Spanish and Greek condition. Hence, market anxiety still remains for a potential Greek exit and a further weak Euro. On the domestic front, prices declined by 1.1 percent as depreciation in Indian Rupee cushioned further fall in prices and closed at Rs.53,818/kg on Wednesday.

Free Commodity Tips For Today

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss
Gold (Jun)	Buy	Above 28860	29050	29051	28820
Silver (Jul)	Sell	Around 54200	53900	53600	54270
Copper (Jun)	Sell	Below 426	423	420	428
Aluminum (May)	Buy	110.8-111	112	--	110.6
Lead (May)	Buy	Around 107.5	108.5	109.5	106.9
Nickel (May)	Buy	936-940	950	--	933
Zinc (May)	Buy	104.5-104.8	105.8	107	104.2
Crude oil (May)	Sell	5130-5140	5090	5050	5155
Natural gas (May)	Buy	Above 155	158	161	152.8

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MCX Gold Silver Tips and Updates For Today: 21st May

MCX Gold Tips

MCX Gold june is looking good for this week's trading. Weekly charts suggest that it can touch the 30000 levels very soon. In its last trading session it had got a gain of 0.20% and closed just below the strong resistance level of 29000. In last week MCX Gold June as seen in the weekly chart above has opened at 28,362 levels and then sharply corrected up-to 27,855 levels, but was not able to breach the support level of 27,600 levels and prices rallied sharply from support level to 28,999 levels. Now it is looking bullish for this week with the support levels of 28550/28200 and a resistance levels of 29150/29500.

MCX Silver Tips

MCX Silver is also recover a little from its past downfall. It covered a gain of 0.19%. MCX Silver July as seen in the weekly chart above has opened at 54,039 levels and then sharply corrected up-to 51,201 levels, but was not able to breach the support level of 51,000 and finally closed around 55,600 levels.

Now it has a criticle support of 53200/52000 and strong resistance of 56000/57200. Technically it is looking bullish for this week. We suggest to make a buy position in mcx silver at lower price.

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MCX Gold Silver Updates and Tips For Today: 16th May '12

MCX Gold

Strength in the US dollar index also exerted further downside pressure on the yellow metal prices. On the MCX, Gold June contract witnessed a fall of around 0.4 percent and touched an intra-day low of Rs. 27992/10 gms on Tuesday. Now, mcx gold technicle chart suggest that prices are trading near the crucial support of 27900. Stochastic is in a sell mode. We expect prices to correct up to levels of 27750 if the prices trades below 27900.

MCX Silver Trend

In LME Silver hit an intra-day low of $27.56/oz and ended its trading session at $27.70/oz on Tuesday. MCX Silver July contract declined by 1.3 percent and touched an intra-day low of Rs. 52820/kg yesterday. MCX Silver Technicle charts suggest suggest that prices have breached the crucial support of 53500. RSI is in a sell mode. We expect prices to correct up to levels of 51800.

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MCX Commodity Market DATA For Today: 15th May

Gold erased all its gains for the year so far, as concern that Europe’s debt crisis is deepening strengthened the dollar and reduced gold’s safe-haven appeal as an alternative asset. Copper crumbled to a 4-month low, supported by selling in all commodities on fears of a slowdown in global economic growth amid the political impasse in Greece and signs of a struggling Chinese economy. Crude oil declined to a 5-month low, as Greece's inability to form a new government raised fears it might exit the euro zone while worries about China's economic slowdown weighed on the sentiments, sparking a broad sell-off in commodities.

Commodity Highlights

• Gold below 4 – month low as dollar rises, stocks slide.
• Brent crude drops towards $ 110 as greece cloude demand.
• Copper hits near 1-month low on china woes.
• Soyabean futures hit 4pc lower circuit as funds liquidate long positions.

Here are some important DATA for Commodities-

 

Time	Currency	Economic Data	Forecast	Previous
18:00:00	USD	Core CPI m/m	0.2%	0.2%
18:00:00	USD	Core Retail Sales m/m	0.3%	0.8%
18:00:00	USD	Retail Sales m/m	0.2%	0.8%
18:00:00	USD	CPI m/m	0.1%	0.3%
18:00:00	USD	Empire State Manufacturing Index	9.3	6.6
18:30:00	USD	TIC Long-Term Purchases	19.4B	10.1B
19:00:00	USD	FOMC Member Duke Speaks
19:30:00	USD	Business Inventories m/m	0.5%	0.6%
19:30:00	USD	NAHB Housing Market Index	26	25

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MCX Commodity Tips: Gold Silver Trend Today: 14th May

MCX Gold Tips

MCX June gold prices opened the week at Rs 29,167/10 grams and fell sharply but found good support at Rs 28,281/10 grams and finally closed at Rs 28,365/10 grams (May 12, Saturday) as compared with previous week’s close of Rs 29,109/10 grams. Currently Gold is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. We expect gold to trade lower on the back of weak market sentiments due to deepening worries over Euro Zone debt crisis coupled with a stronger dollar.

Trading Call: Sell MCX June Gold between 28650-28700, SL-28910, Target -28000/27700

MCX Silver Tips

MCX July Silver prices opened the week at Rs 56,511/kg and fell sharply but found good support at Rs 53,561/kg and finally closed at Rs 54,130/kg (May 12, Saturday) with a huge loss of Rs 2446/kg as compared with previous week’s close of Rs 56,576/Kg. Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend. We expect silver to trade lower on the back of weak market sentiments due to deepening worries over Euro Zone debt crisis coupled with a stronger dollar.

Trading Call: Sell MCX Silver July between 55200-55300, SL-56000, Target -52700/52000.

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MCX Live Tips For Gold Silver and Crude: 11th May

Impact of the sharp fall in gold and silver in international market has also convayed in domestic market also. MCX gold is trading slightly lower at Rs 28400. Silver fell by 0.5 per cent and the price has come close to Rs 54200. However in LME, gold and silver continues falling. Comaks about 0.50 per cent with the gold is down by 0.50% in COMEX is trading at $1587, while silver was down 1%. Gold in the domestic market on Thursday with nearly 1% to Rs 28433, while silver dropped 1.10%.

In Current market scnerio we suggest to make a short position in gold and silver.

Here are intraday trading suggestion for Gold, Silver and Crude-

MCX Silver (July futures): Sell - 53800, stoploss of Rs - 54320 and the target - 52900

MCX gold (June futures): Sell - 28300, stoploss of Rs - 28430 and the target - 28050

MCX Crude Oil (May futures): Sell - 5160, stoploss of Rs - 5220 and the target - 5000

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MCX Commodity Data For Today: 11th May

Today morning Nickel and Aluminum is trading slightly positive by 0.13 to 0.3 percent while other metals have retreated at LME electronic platform. The Asian equities are trading mixed while the equities might pair in slightly after better banking and economic outlook. However, the Chinese inflation release early morning came out inline with expectation and may indicate some easing in near term restricting downside of metals pack. Brazilian miner Vale, the second largest producer of Nickel declared force majeure at its New Caledonia Goro HPAL Nickel operation due to acid leakage and may support price gain of the metal for the day. From the economic data front, Chinese Industrial production may increase slightly after in-line PMI release while the retail sales may decline slightly after lower imports and may restrict fall of metals during the Asian session.

Commodity Highlights -

• Gold struggles as investors fret over greek chaos, spanish banks.
• Oil eases further on weak chinese data.
• Copper off 3- week lows ; euro zone woes cap gains.
• Domestic oil and oilseed trade up on short covering.

 

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 11TH MAY 2012	6:00pm	USD	PPI m/m	0.0%	0.0%
	6:00pm	USD	Core PPI m/m	0.2%	0.3%
	7:25pm	USD	Prelim UoM Consumer Sentiment	76.4	76.4
	7:25pm	USD	Prelim UoM Inflation Expectations		3.2%

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MCX Commodity Tips- Gold and Silver Updates For Today

MCX Gold

MCX Gold is looking bullish in long, medium and short term. In its last trading it has closed its trading in a bull phase. Currently Gold is in uptrend and the trend is supported with good volume The open interest is not increasing with trend. The Gold is now trading in overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level For short term Gold is in SELL position. It has a critical support at 28243-28098 and a strong resistance at 28962-29120.

MCX Silver

MCX Silver July contract is trading in a bearish mode for medium and long term. Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend. But it a good time to buy silver on an intraday basis to gain huge profit. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position. It has a strong resistance at 55494-55760 and a immediate support at 54055.

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MCX NCDEX Commodity Market DATA For Today: 8th May '12

Commodity Highlights

• Gold slips as europe elections hurt the euro, stocks.
• Shanghai copper drops after french , greek polls.
• Oil falls below $98; global demand weighs.
• Domestic oil and oilseed trade low on global cues.

Commodity Market DATA

COMMODITY	EXCHANGE	CLOSING PRICE	% CHANGE
JEERA	NCDEX	13435	1.36
PEPPER	NCDEX	37350	-0.28
TURMERIC	NCDEX	3700	2.15
CHANA	NCDEX	4318	2.44
SOYABEAN	NCDEX	3590	-2.11
SOYA OIL REFINED	NCDEX	758.9	-0.51
MUSTARDSEED	NCDEX	4059	0.84
COTTONSEED OILCAKE	NCDEX	1323	0.23
GUR	NCDEX	1203.5	0.21
POTATO	NCDEX	1034	-2.14
KAPAS	NCDEX	1082	-2.52
WHEAT	NCDEX	1179	-0.76
MENTHA OIL	MCX	1470	-2.62
CARDAMOM	MCX	1208.4	2.94

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MCX Silver Tips and Gold Trend For Today: 2nd May '12

MCX Gold Trend

MCX Gold prices have been rising steadily since last 3‐weeks, also prices have breached out from a consolidation phase/ triangle pattern on the higher side (as marked on the chart above). MCX Gold suggest that prices are trading near a crucial resistance of 29200. Stochastic is in a sell mode. We expect prices to correct up to levels of 29000.

For the near‐term, we have a bullish view on gold prices for medium term and advise to buy again on dips for targets of 29430 to 30500, with Stop below 28500.

MCX Silver Trend

As per the weekly chart of Silver, the prices trend still remains sideways with a slightly upward bias. Also prices are trading in between 2‐upward slopping trend lines and are currently in their corrective phase with strong support at 52,500. MCX Silver suggest that prices are trading near a crucial resistance of 57200. RSI is in a sell mode. We expect prices to correct up to levels of 56500.

For Intraday Trader it will be best to sell mcx silver on higher levels.

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Live MCX Gold Silver Tips and Trend For Today: 30th April '12

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MCX Gold

Gold traders are more bullish after central banks expanded their bullion reserves and hedge funds increased bets on a rally for the first time in three weeks. Gold rose for a fourth consecutive session on Friday and posted its biggest weekly gain since late February, as disappointing U.S. growth and European debt jitters boosted investment demand for the precious metal. MCX Gold is trading at 29141 lookinf bullish above 29200. It can test the level of 29350/29500/29650. Trade by keeping the strict stop losses.

MCX Silver

In COMEX Silver ended the week down 1 percent after sliding below $30 an ounce for the first time since mid-January on Wednesday. Prices fell in six of the previous eight weeks. Technically MCX Silver is consolidating on charts. MCX Silver is trading at 56000 levels. For the this week traders can use buy on lower level strategy if Silver sustains above the level of 57200 per kg, and if Silver sustains above 57200 then it can test the level of 58500/59100/59450. Trade by keeping the proper stop losses.

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MCX Commodity Market DATA For Monday: 30th April '12

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Commodity Market Updates

• Gold prices dip as downgrade hurts euro.
• Copper at- 3 week high on tight supply;euro zone weighs.
• Oil down near $105, spanish downgrade weighs.
• Domestic oil and oilseed trade bullish.

Date	Time	Currency	Economic Data	Forecast	Previous
30TH APR MON	6:00 PM	USD	Core PCE Price Index m/m	0.2%	0.1%
	6:00PM	USD	Personal Spending m/m	0.5%	0.8%
	6:00 PM	USD	Personal Income m/m	0.3%	0.2%
	7:15 PM	USD	Chicago PMI	60.9	62.2

 

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MCX Bullion (Gold Silver) Tips and Trend For Today: 27th April '12

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MCX Gold Tips

Gold futures advanced to their best level in 2 weeks, supported by a weaker dollar and expectations that the US Federal Reserve will remain open to more economic stimulus. MCX Gold June contract rose around 0.7 percent and touched an intra-day high of Rs. 29,043/10 gms. yesterday. MCX Gold suggest that prices have breached the resistance of 29000. Stochastic is in a buy mode. We expect prices to go up to levels of 29200.

MCX Silver Tips

MCX, Silver May contract gained around 1.3 percent and hit an intra-day high of Rs. 56,048/kg on Thursday. In COMEX Silver futures for July delivery jumped 2.8 percent to $31.276 an ounce on the Comex, the biggest gain since April 1. MCX Silver suggest that prices have reversed after taking support at 54500 levels. RSI is in a buy mode. We expect prices to go up to levels of 56500.

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MCX Silver Tips and Trend For Today, Free Commodity Tips

Gold mcx, silver mcx tips, mcx gold tips today, mcx tips today, free commodity tips, mcx commodity trend, mcx base metal tips

In precious metals, silver XAG edged down 0.6% at USD 30.59 an ounce. Gold held above USD 1,644 on Thursday after the U.S. Federal Reserve`s meeting on interest rates offered few surprises, but gains in equities and expectations the central bank could do more if necessary to lift the economy may eventually spur buying from investors.

Despite a positive opening after yesterday’s sell off, prices continues to trade below the crucial supports. Day’s bias probably an initial up tick followed by continuation of selling pressure. However, strong liquidation pressure would be seen once it break 54500 with sturdy volume.

Intraday Trading Strategy

MCX Gold June contract may trade in Rs 28,750-28,800 range.

MCX Silver May contract may trade in Rs 55,700-55,900 range.

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MCX Gold Silver Tips and Trend For Today: 26th April '12

Gold mcx, silver mcx tips, mcx gold tips today, copper updates, ncdex, mcx tips today, free commodity tips, mcx commodity trend, mcx base metal tips

MCX Gold Tips

MCX Gold suggest that prices have reversed after taking support at 28600 levels. Stochastic is in a buy mode. We expect prices to correct up to levels of 28950. MCX Gold June contract declined around 0.1 percent on account of appreciation in the Indian Rupee and touched an intraday low of Rs. 28,635/10 gms yesterday.

Trading Call: Buy around 28800 with a stoploss of 28700 for target of 28950.

MCX Silver Tips

MCX Silver suggest that prices have reversed after taking support at 54500 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 55800. MCX Silver May contract dropped almost 1 percent taking cues from a stronger Rupee and touched an intra-day low of Rs. 54,426/kg on Wednesday.

Trading Call: Buy around 55100 with a stoploss of 54500 for target of 55800.

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Free Commodity Tips: Live Gold Silver Updates For Today: 25th April '12

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MCX Gold Tips

Gold may decline in London on concern physical demand remains slack amid a festival in India. MCX Gold June is currently at Rs 28842, it is trading down by 29 points for the day. Comex Silver is currently trading at $30.79. Spot Gold is currently trading at $1641.80.

Trading Call: Sell MCX Gold June below 28850 with a stoploss of 28950 for target of 28700.

MCX Silver Tips

Silver was near a three-month low after holdings in exchange-traded products fell the most. Bullion for immediate delivery fell 0.1 percent to $1,637.55 an ounce. MCX Silver May is currently trading at Rs 56603, it is down by Rs. 82

Trading Call: Sell MCX Silver May below 55700 with a stoploss of 56200 for target of 55100.

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