Free MCX Tips for Today (7-April-2015)

Free MCX Silver Tip for Today
MCX SILVER May contract is exchanging at Rs 37854 down Rs 309, or 0.81 percent. The MCX Silver price touched an intraday high of Rs 38140 and an intraday low of Rs 37825. So far 2087 agreement have been exchanged. SILVER costs have moved down Rs 1155, or 2.96 percent in the May arrangement as such. MCX SILVER July contract was exchanging at Rs 38315 down Rs 294, or 0.76 percent. The SILVER rate touched an intraday high of Rs 38396 and an intraday low of Rs 38301. So far 35 agreement have been exchanged. SILVER costs have moved down Rs 563, or 1.45 percent in the July arrangement as such.

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Crude and Copper Technical Analysis Updates|MCX NCDEX Tips Today

Crude Updates, Copper Updates 31st March, MCX Tips Today, NCDEX Tips, NCDEX Live 31 March, Commodity Intraday Trading Tips for 31st March

Crude Updates: Technical Analysis for 31st March
MCX Apr Crude oil was begun the day with a selling note and shed almost 145 points on D-o-D basis. Now the price on verge to test the rising trend-line support at 2960 levels, where as a resistance resides at 3103 levels.
Sell action is suggested around 3053 level witha target of 2964-2913 with a stop loss at 3103

Copper Updates: Technical Analysis
MCX Apr Copper; a “Bearish H & S pattern is under developing on 2 hour charts and the neck-line level of the same pegged at 382.70 levels. On a convincing close below the same will confirm the near-term bearish trend and is likely to extend the decline towards 373 levels, which is and equality as well as 61.8% Fibonacci level of the recent rally.
Again sell is suggested below 382.70 level for target of 373 with stop loss at 388.

MCX NCDEX Tips For Today: 31st March

Commodity	Expiry	S1	S2	Last Trade	R1	R2	Intraday	Recommendation
Gold	05'Apr	26321	26187	26455	26510	26633	Bearish	Sell at R1 TGT S1 SL 26633
Silver	05'May	36925	36450	37466	37830	38390	Bearish	Sell at R1 TGT S1 SL 38390
Copper	30'Apr	382.7	373	384.85	387	390.4	Bearish	Sell below S1 TGT S2 SL 387
Nickel	30'Apr	798	784	808.9	816	829	Bearish	Sell at R1 TGT S1 SL 829
Zinc	30'Apr	131.2	130.35	131.8	133	134.3	Bullish	Buy at S1 TGT R1 SL 130.35
Lead	30'Apr	114.3	113	114.8	116.35	117.4	Sideways Bearish	below 114.3
Aluminum	30'Apr	112.45	111.2	112.65	114	115.3	Sideways	Wait for call
Crude Oil	20'Apr	2964	2913	3017	3053	3103	Bearish	Sell at R1 TGT S2 SL 3103
Natural Gas	27'Apr	164.7	162	166.7	169.4	172	Bearish	Sell at R1 TGT S1 SL 172
Mentha Oil	30'Apr	822	810	831.7	845	856	Bullish	Buy at Cmp TGT R2 SL 822
Cotton	30'Apr	15450	15310	15560	15740	15870	Sideways	Wait for call
Chana	20'Apr	3565	3530	3598	3627	3659	Sideways	Wait for call
Soya Bean	20'Apr	3415	3370	3443	3475	3504	Bullish	Buy at S1 TGT R2 SL 3370
Soya Oil	20'Apr	555	550	558.45	567	572	Bullish	Buy at Cmp TGT R1 SL 555
RM Seed	20'Apr	3372	3341	3394	3435	3477	Bullish	Buy at S1 TGT R1 SL 3341
Cocud cake	20'Apr	1692	1667	1706	1736	1759	Bullish	Buy at S1 TGT R1 SL 1667
Jeera	20'Apr	14523	14370	14640	14820	14965	Bullish	Buy at S1 TGT R1 SL 14370
Turmeric	20'Apr	7500	7440	7558	7623	7710	Sideways	Wait for call
Dhaniya	20'Apr	8932	8860	8976	9040	9125	Bullish	Buy at S1 TGT R1 SL 8860
Castor seed	20'Apr	3712	3670	3743	3800	3853	Bullish	Buy at S1 TGT R1 SL 3670

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Free Commodity Tips Today| MCX Gold Price Today

MCX Tips, Commodity Tips Today, Bullion Tips Today, Commodity Updates, Copper Trend Today, MCX Commodity Tips Today

Gold Prices Today 

Gold future costs are exchanging at Usd 1413, down 0.17 percent since the morning. The Japanese Yen acknowledged by 2.11 percent against the Us dollar and might press on to stay in the additions dependent upon the Bank of Japan's financial stimulus project. This might underpin the increases in gold costs as Dollar may remain level against dollar. In the morning, silver future costs are exchanging at Usd 22.60, down 0.16 percent. The German exchange parity is prone to decline, which may as well pressurize the imparted cash. Nonetheless, the Ecb president's declaration of proceeding the detached financial strategy to goad financial development may as well back silver costs. MCX GOLDPETAL July contract was trading at Rs 2792 up Rs 6, or 0.22 percent. The GOLDPETAL rate touched an intraday high of Rs 2799 and an intraday low of Rs 2779. So far 7931 contracts have been traded. GOLDPETAL prices have moved up Rs 76, or 2.80 percent in the July series so far. 

Free Commodity Tips

• MCX Silver (July Futures): Buy - 44000, stoploss - 43 500 and Target - 45000 
• MCX Crude oil (June Futures): Buy - 5380, stoploss - 5335 and target - 5480 
• MCX Crude Palm Oil (June Futures): Buy - 488, stoploss - 483 and Goals - 498 
• Chinese NCDEX (July Futures): Buy - 3100, stoploss - 3080 and target - 3150

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MCX Gold Silver Tips Today: Bullion Updates

MCX Gold Tips:

In bullion Metals here are mixed sentiments arising today. Where Spot gold prices gained 1 percent in yesterday’s session. Positive global market sentiments along with weakness in the DX supported an upside in the gold prices. on the MCX gold is trading at a lower position losing by 46 points. Currently it is trading at 30890. Trend suggest that mcx gold might get its support level of 30750 today.

For Today MCX Gold Tips is to SELL MCX Gold below 30840 level for the target of 30720 level and put stop loss at 30900.

MCX Silver Tips:

MCX Silver is also trading in a bear trend today. Spot silver prices ended 1.6 percent higher taking cues from firmness in the spot gold prices and weakness in the DX. Strength in the base metals pack also added to the gains in the silver prices in yesterday’s session. On MCX Silver is facing a loss of 115 points trading at 58565. Technically it is looking more bearish for today. Sell is suggested for intraday.

Intraday MCX Silver Suggestion is to sell MCX Silver below 58550 level with a target of 58100 and a stop loss at 58750.

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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 Live Commodity Tips and Trend For Today

MCX Gold Trading Strategy

Last day’s steep rise confirmed that buyers are still active in counter, so moving forward break above 29210 could substantiate further buying pressure towards 29270-29390 or even higher towards 29500. But failed attempts to break 29210 region could entice fresh selling towards 29030/28940 or even lower towards 28800.

Currently MCX Gold is in HOLD LONG position. For intraday prospectus MCX Gold is in sideways and sellers was at high so for short term better buy above 29312.5 or hold with stop at 28755. The next resistance will be at 29198. The oscillator is showing BUY signal.

Intraday Trend- We suggest to buy only above 29312 with a stop at 29036, and if gold goes below 28983 go for sell and put stop at 29259.4

MCX Silver Tips

Broad consolidation have been progressing inside 55100-53300 regions for the last few days. Either side breakout would suggest fresh directional moves. However, for the day we expect an initial dip followed by a turn higher.

In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above 55339 or buy with strict stop loss at 50996. The oscillator is showing BUY signal for short term The current position is BUY. Positionally Support for the Silver is 53728. Resistance for the Silver is 54464-55420-56536.

Intraday Trend- We advise buy above 54781 with a stop loss at 53721, and below 53440.9 go for sell.

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MCX Gold Silver Live Tips and Trend For Today

MCX Gold Live Tips

International gold prices remained under pressure this month, with the yellow metal losing 5% in US dollar terms on a mom basis. Volatility is simply the name of the game, with gold prices trading in the US$150 wild range during May. In MCX Price likely to continue the present buying sentiments which may firstly find the objective of 29130/190 then 29300. In this potential move, unexpected fall below 28950 could draw selling pressure towards 28870/760 or even more towards 28600.

MCX Silver Live Tips

Spot silver prices declined by 0.6 percent today but weakness in the dollar index cushioned sharp fall in silver prices. The white metal touched an intra-day low of $28.18/oz and was trading around $28.23/oz today. In MCX, Prices facing stiff resistance around 54800-55000 region, a push past through the same region could validate buying pressure towards 55350/55800 or even higher towards 56200. Conversely, intraday weakness seen only below 54200 for a scale objective of 53900. Major weakness seen only below 53800 region .

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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 Commodity Trend For Today: 22nd May

MCX Gold Tips

The MCX Gold is in perfect uptrend now. Although it was in strong downtrend in last week but volume is unsatisfactory. The open interest is not increasing with trend. The Gold is now trading in overbought level. The Gold is now trading in overbought level. Prices seen trading firmly so far and we expect the buying bias only above 29170 region. Such wining moves could generate fresh rallies towards 29260/300 firstly followed by 29390. Conversely, failed attempts to break 29170 region could push down prices towards 28940/28830 or even lower towards 28750.

MCX Silver Tips

In MCX Silver Overall trend is bearish for medium long term. MCX Silver was in strong downtrend last week but now the trend is supported with good volume The open interest is not increasing with trend. MCX Silver is looking consolidate from here. Initial consolidation is anticipated inside 54800-54100 with good volume. Either side breakout would suggest fresh directional moves. However for the day, prevailing chart formation suggests selling pressure towards 53200/52500 or more.

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MCX Copper Updates and Commodity Tips For Today

Copper the leader of the base metals declined by 4.3 percent on the LME in last week on the back of re-emergence of European debt crisis, rise in risk aversion in global markets along with stronger dollar index. However further downside in prices was restricted on account of decline in LME and Shanghai Inventories by 0.1 percent and 7.3 percent respectively.

Base metals are expected to trade on a positive note today, taking cues from upbeat global market sentiments and optimism over Greece continuing to be a part of the Euro Zone.

Free Commodity Tips For Today

Commodity	Exchange	Strategy	Target 1	Target 2	Stoploss
Gold (Jun)	MCX	Buy Above 29000	29080	29200	28945
Silver (July)	MCX	Buy Above 56650	56650	56900	56440
Copper (Jun)	MCX	Sell Around 424	421	419	425.5
Aluminum (May)	MCX	Buy 110.6-110.8	111.8	112.8	110
Lead (May)	MCX	Buy Above 107.3	108.2	109.1	106.7
Crude Oil (May)	MCX	Sell Around 5055	5025	4990	5076
N. Gas (May)	MCX	Buy Above 151.5	154.5	157	149.4

 

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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 Trend| Silver Tips For Today

MCX Bullion Updates

• Gold off 4-1/2 month low on increased physical buying.
• Brent hits 4 month low , us crude future up on seaway.
• Copper rebounds from four month lows greek worries caps gains.
• Domestic oil and oilseed up on short covering.

MCX Silver Tips

TREND	Consolidate
RESISTANCE 2	55000
RESISTANCE 1	54200
SUPPORT 1	52000
SUPPORT 2	51200
STRATEGY	Sell on higher Levels

MCX Silver can trade in range of 52500-55000 in near term. Some Federal Reserve officials were not confident enough about signs of an upturn in growth to alter their guidance that rates were likely to stay exceptionally low until late 2014. Fed officials cited uncertainty surrounding the forecasts of the economy in making no changes to the guidance. We suggest it may not be productive until it cross above 54100 region convincingly, else hold the same for a push down towards 52700 followed by 51800 region. Silver is in SELL position. Positionally Immediate support for Silver is 50996. Resistance for the Silver is 54937-56750.

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MCX Bullion Updates, Gold and Silver Trend For Today: 18th May

Gold Extends Gains On Bargain Buying And Early Gains In Euro:  Gold futures extended the early gains tracking the bounce back in the global gold prices on bargain buying and strong euro. The Federal Reserve signal further monetary easing remains an option to protect the U.S. economy from the danger that lawmakers will fail to reach agreement on the budget or Europe's debt woes worsen.

MCX Gold

Morning gains ensure that last day’s plunge has not sustained. MCX Gold has gain by 2.09% and closed at 28547 in its last trading session. The MCX Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position and closed above 1 week high with volume signals up breakout. Positionally Support for the Gold is 28272-27850. Resistance for the Gold is 28978-29220.

MCX Silver

In silver's last trading session it gain by 3.13% and closed at 53174. Firm moves seen in the morning session may not be productive until it cross above 53000 region convincingly, else hold the same for a push down towards 52300/52000 followed by 51000 region. Silver is in SELL position. Positionally Immediate support for Silver is 50996. Resistance for the Silver is 54937-56750.

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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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