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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Live MCX Tips: Gold and Copper Updates Today

MCX Gold Tips

Bullish expectation could be back on track only by concrete trades above 29970-30000 region, else could see a long liquidation moves towards 29790/700 or even lower towards 29640. Even in this scenario, break above 30000 region could lure buying pressure towards 30120/30300. Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29707 The oscillator is showing BUY signal.

Intraday Trend- Buy is advised above 30235 with a stop at 29906 Below 29837 go for sell with a stop at 30165.

MCX Copper Tips

Inability to break 414.50 convincingly, prices could corrected lower and possibly find support at 411/408 regions. However, strong liquidation pressure are favored only below 407 with volume. Rallies above 414.80 will be an early signal of reversal of the present selling momentum. Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 406 The oscillator is showing BUY signal.

Intraday Trend- Buy is advised above 412 with a stop at 406 Below 404 go for sell with stop at 412.

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MCX Live: Gold Silver Tips For Today

MCX Gold Tips

Gold futures rose for the second straight session on renewed concern that the European debt crisis will spur demand for the metal as a haven. As long as 29450 holds downside , we could expect prices to push towards 30150/30350 or even higher towards 30500. Anyhow, surprise fall below 29450 region could dilute our bullish expectation and find support at 29340/270 or even lower. Gold suggest that prices are trading near a crucial resistance of 30300. Stochastic is in a sell mode. We expect prices to correct up to levels of 29500.

MCX Silver Tips

Silver futures for July delivery advanced 0.5 percent to $28.616 an ounce. Initial moves are likely to be choppy inside 54950-54400 regions with mild negative bias. Either side breakout would require to suggest fresh directional moves. Break above 55500 next upside is seen at 56100 followed by 56900. Drop below 54400, could target 54000/53600. Silver suggest that prices are trading near a crucial resistance of 56100. RSI is in a buy mode. We expect prices to go up to levels of 56600 if prices trades above 56100.

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MCX Tips: Gold and Silver Today

MCX Gold Tips

Gold suggest that prices have reversed after taking resistance at 30200 levels. MACD is in a sell mode. We expect prices to correct up to levels of 29000. Witnessing recovering move may not be succeed until prices make concrete trades above 29700 region and such abortive attempt could find support at 29490/29400 or even lower towards 29200. Conversely, astonishing move above 29700 region could lift up prices towards 29870/30550 or even higher towards 30650.

we expect gold prices to find Support at 29,430 – 29,400 levels and further below strong support is seen at 29,150-29,100 levels.

MCX Silver Tips

we expect Silver prices to find strong support in the range of 53,900-53,700 levels. Multiple closing below 53,700 levels would indicate that a short term top has been posted. Dips if unable to succeed below 53300 expect reversal of the present selling momentum and prices could edge higher towards 54600 or even more. A direct fall below 53100 will extend liquidation pressure towards 51000 later.

Silver suggest that prices have reversed after taking resistance at 56300 levels. RSI is in a sell mode. We expect prices to correct up to levels of 53000.

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MCX Tips: Crude and Gold Updates For Today

Gold Updates

Spot gold prices gained by more than 1.2 percent today on the back of weakness in the US Dollar Index (DX). The yellow metal touched an intra-day high of $1637/oz and hovered around $1636/oz. On the MCX, the Gold August contract gained 1.4 percent today, but appreciation in the Indian Rupee capped further gains and the yellow metal trading around Rs. 30247 on wednusday. In last few days lot of positive accumulation happened in the Gold Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. Market sentiments are showing again buy signal for short term. Positionally Support for the Gold is 29317-28536. Immediate resistance for Gold is 30416-30600.

MCX Crude Tips

Nymex crude oil prices increased by 1.3 percent today on the back of expectations of decline in US crude oil inventories coupled with weakness in the DX. Crude oil prices touched an intra-day high of $85.53/bbl and were trading around $85.40/bbl. On the domestic bourses, prices gained by 1.2 percent but appreciation in the Indian Rupee capped further gains and hovered around Rs.4712/bbl. Currently Crudeoil is in HOLD SHORT position Crudeoil is showing some Up momentum So buy above 4725.0 with stop at 4522.0 The Crudeoil is now trading is approaching oversold level. The Crudeoil is now trading is approaching oversold level.

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MCX Live: Gold Silver Tips For Today

MCX Gold Tips

The Gold is in perfect uptrend. Currently Gold is in strong uptrend and the trend is supported with good volume. The open interest is not increasing with trend. Prices approaching the psychological level of 30000-30030 region, which is likely to act as a hurdle for bullish expectation and such abortive move could find support at 29820-29710 or even lower towards 29630. Any how solid moves above 30050 region could be an early sign of major rally towards 30170/350 or even higher.

Intraday Trend- We suggest to buy MCX Gold above 30150 with a stop loss at 29826, below 29702 go for sell and put stop at 30195.

MCX Silver Tips

Overall trend of the Silver is bearish for medium-long term. For Intraday trading silver is looking consolidate today. Currently Silver is moving sideways The market sentiments are showing SELL signal in silver. If pullbacks do not extend much beyond 54800-55000 region, expect the over weak sentiments to continue towards 53700. However, a direct dip below 53350 would be required to trigger strong sell off again. Rallies above 55000 could target 55700/56600.

Intraday Trend- We advised for intraday better to buy above 56080 and Sell if below 52410.

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MCX Gold and Silver Updates For Today

MCX Gold Tips

Prices looking firm and probably to continue the established buying sentiments, which may at first test the upside region of 29990/30190 or even higher towards 30370. On the contrary, break below 29630 region could give early indication of intraday weakness towards 29520/370. The yellow metal touched an intraday low of $1614/oz and hovered around $1623/oz till. On the MCX, prices lost by 0.6 percent and were trading around Rs. 29908, after touching an intraday high of Rs. 29979 today. Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29382 The Gold is now trading in highly overbought level.

For Intraday Buy is advised above 29913 with a stop at 29516 and below 29423 go for sell with stop at 29820.

MCX Silver Tips

A flat trading range is expected today. Early attempts to rise would be capped near 55300 but may not force steep falls as long as 53700 hold the downside. A direct rise above 55300 could push prices higher till 56000. The white metal touched an intra-day low of $28.23/oz and was trading around $28.55/oz today. On the domestic front, prices traded on a flat note today and hovered around Rs. 53858/kg. Currently Silver is in HOLD SHORT position Silver is moving sideways so short term investor better to buy only above 54682 or hold with stop at 52813. The oscillator is showing BUY signal.

For Intraday Buy is advised above 54989 with a stop at 53211 else below 52692 go for sell.

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MCX Live Tips and Trend News For Gold and Silver

MCX Gold Tips Today

MCX Gold August as seen in the weekly chart above has initially moved sharply lower, but found good support at 29020 levels. Rumbling intraday weakness could be validated only by firm trades below 28930 region. Otherwise, this same level could arrest the fall for prices to push higher towards 29130/200 or more to 29300.Weakness could be seen only below 28930 region and such moves could trigger major selling pressure.

For this week we expect gold prices to find Support at 29,680 – 28,620 levels and further below strong support is seen at 29,200-29,150 levels. Trading consistently below 29,150 levels would trigger sharp correction initially towards 28570 and then finally towards the major support at 28278 levels.

MCX Silver Tips Today

Ensuing selling bias probable to continue with an immediate target of 52800/52300. But unexpected rise above 53800 -54000 region may clear our intraday bearishness state and could test the upside region of 54550/54900 or even higher.

For this week we expect Silver prices to find support at 54100-54000 levels. Trading consistently below 54,000 levels would lead towards the Strong Support at 53300-53200 levels. Multiple closing below 53200 levels would indicate that a short term top has been posted and thereby would open the door for a new leg down initially towards 52300 and then finally towards 51300 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 Tips and Silver Trend For Today

MCX Gold Tips

In MCX Gold as long as 28750 hold the downside expect a turn higher and possibly target 28930 followed by 29050 or even more. A direct dip below 28730 could draw long liquidation pressure and take prices lower towards 28600.

Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend. Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level.

We advise that buy MCX Gold above 29396 with a stop at 28948 and if MCX Gold sustain below 28838 go for sell with a stop at 29285.

MCX Silver Tips

In enduring chart formation suggests prices have more room for further sell off towards 53300 followed by 53000 the day. At the same time turn higher above 54100 would be an early signal of renewed bullishness.

Currently MCX Silver is moving sideways the oscillator is showing BUY signal. 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 at 50996.

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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 Gold Silver Tips For Today

MCX Gold Tips

MCX Gold is trading in consolidate to nagetive trend. Now it is trading at 28873. We consider that mcx gold will touch the intraday level of 28650. Prices seen trading with a negative outlook with immediate target of 28850/700 or even lower by holding the upside cap of 29180 region. Even in this bearish outlook, unexpected move above 29180 region could lift up prices towards 29270 or even more towards 29390.

Trading Call: Sell MCX Gold June at Rs 28820 with stop loss Rs 29100 and target 28650.

MCX Silver Tips

On the other bullion metal in mcx silver it is also trading in consolidate to negative trend. Now it is on 54280. Technical charts suggest that it will start with a bearish trend and may get the lower level of 52600. Likely to be choppy inside the range of 53700-54400 levels with mild positive bias. Either side breakout would suggest fresh directional moves later.

Trading Call: Sell MCX Silver July at Rs 54000-54500 with stop loss Rs 55500 and target Rs 52500-52000.

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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 Tips: Gold and Silver Trend For Today

MCX Gold Tips

MCX Gold has traded in consolidate way in last trading session. It strat well in morning session but at the end of the day it change its way to red. Witnessing selling bias likely to continue only below 28850 region and successful moves may find support at 28770/28650 initially. Anyhow, if unable to break below 28850 region could lure fresh buying sentiments towards 29100/29180 followed by 29300. 

MCX Silver Tips

MCX silver was down by more then 1% on wednesday and closed at 53821. Moving more towards to the selling, even today also looking consolidate. Early attempts to break the recent swing support of 53700 has failed and prices hovering just above the same. Looking ahead, present moves are likely to consolidate again inside 53700-54400 levels but any of the side breakout would call for fresh directional moves.

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Commodity News- MCX Gold Tips and Silver Trend For Today

MCX Gold Tips

Gold finished its last trading session at 29086 up by 0.18%. As we have suggested that mcx gold will recover from its previous down trend. Technically the mcx gold is looking to recover more, for today it can go to 29130 region firstly for a swing lower towards at 28930/850 or even lower towards 28700. But weekly break above 28190 region could give an early indication of fresh buying towards 29300/390 or even higher towards 29470.

MCX silver Tips

Silver closed at 54460 up by 0.60%. Although it has crossed the 54000 level yesterday but technically it is looking consolidate for today. 53700-53900 regions seems as a stiff downside support, which if cleared will be a signal of renewed bearishness towards 53200/52500 or more later. At the same time unexpected rise above 54700 will be an early bullish signal but a rise above 55000, prices will enter into the bull camp again.

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Commodity Markets: Buy MCX Gold and Crude Today

MCX Gold Tips

MCX Gold is looking bullish in near term trading on technical charts. However it had got a low of 28000 in this month. But from here it is looking solid for short term trading. Today it has a criticle support level of 28825 and a strong resistance level of 29450. After a long period of down fall in gold it is rising again with a huge buyinh pressure now. We suggest to Buy MCX Gold June around 29050, with a Stoploss of 28950, Targets are 29200 and 29350.

MCX Crude Tips

MCX Crude oil is another commodity which had lost its all bull trend this month. Now it is trading at 5145 level. Technicle charts are suggesting that mcx crude will trade beween 5100-5250 levels, that is a good sign for short term investors. For Today is has a criticle support level of 5060 and a fully strong resistance level of 5200. MCX crude is also trading with buying pressure. We suggest to Buy MCX Crude june above 5115, with a stoploos of 5085 and the taget should be 5155 and 5165.

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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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