MCX Gold and Crude Updates (Tips and Trend) Today

Crude oil Price For Today, Gold Updates

MCX GOLD

MCX Gold is looking consolidate to positive in today's trading. As we have suggested before MCX Gold is trading in a range bond of 29800-30500. In its last 7 trading session it doesn't cross these levels. The technical report suggest that these levels can be break to upside in comming sessions. Gold may get its higher position of the month in short term trading. Although MCX gold has a resistance of 30550 with a support level of 30000 for today. We suggest to buy MCX Gold for short term trading.

MCX Crude Oil

MCX curde is faceing a huge fall after getting its all time high of 5500. Global cues are strong reason for that. Today it has just increased by 0.04 % from its last closing and trading at 4753 level. It has a strong support at 4500 and a critical resistance at 5000 for short term. The RBI policy to not to increase the import tax may help crude to get its position back. Although mcx crude oil is looking week in this scenerio. We suggest to Sell on higher level.

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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 Crude and Copper Tips For Today

MCX Copper Trend

Currently Copper is in HOLD LONG position Copper is in profit booking mode so better sell and enter at lower level The oscillator is showing BUY signal.

Currently Copper is moving sideways The oscillator is showing BUY signal. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position. Overall trend of the Copper is bearish for medium-long term but for intraday trading it may trade in consolidate to positive. Currently Copper is moving sideways The oscillator is showing BUY signal.

MCX Crude Updates

Crude oil is traded in a consolidate manner in NYMEX, the price is around 90 dollars a barrel. Light crude oil with a decline in the domestic market on Thursday closed at Rs 5081. Overall trend of the Crudeoil is bearish for medium-long term. Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend. Crude is good to buy at around Rs 5060 per barrel levels with a stop loss to be placed at Rs 5030 per barrel levels for the upside target of Rs 5,120 per barrel and above that Rs 5,240 per barrel levels in next one or two days.

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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 Crude Oil Updates and Tips For Today: 17th May

Oil dropped to the lowest price in almost five months in New York after U.S. crude stockpiles increased and Greek talks to form a coalition government collapsed, raising concern the region’s debt crisis will worsen.

On the MCX, oil prices declined by 0.9 percent after touching an intra-day low of Rs.5,003/bbl and hovered at Rs.5058/bbl yesterday. Significant support is seen around 4990 level and break below this could extend weakness towards 4960/4895 territory. On the contrary, expect a pullback towards 5055/5085 levels. Thrust past 5085 could propel prices higher towards 5125/5150 region.

In last few days selling pressure have been increased in crude oil. The market sentiments are showing a sell signal in crude oil. Positionally Immediate support for Crude oil is 4963. Strong resistance is looking in the Crude oil at 5158-5248.

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MCX Crude and Copper Updates and Tips For Today: 14th May

Copper Updates

Copper, the leader of the base metals pack, declined by 2.4 percent in the last week on the back of worsening Euro Zone debt crisis coupled with strength in the US dollar index. However, further downside in prices was restricted on account of decline in copper LME as well as in Shanghai inventories last week.

MCX Copper prices have been respecting to its raising channel resistance and ended in a negative zone by following an “inverted Hammer” in weekly chart. Near-term outlook remains weak and further fall would be continue towards the next support of 425 levels.

Crude Updates

Oil Minister Ali al-Naimi said on Sunday "Top crude exporter Saudi Arabia wants an oil price of around $100 a barrel and would like to see global inventories rise before demand picks up in the second half of the year".

In MCX, for the this week in Crude oil one should go for sell on higher level strategy. If it sustains below the level of 5102 we can see the level of 5080 and on the upside if it touch above the level of 5158 we can see crude oil at 5170 levels.

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MCX Copper and Crude Updates For Today: Tips and Trand

MCX Copper Updates

Copper declined by 0.3 percent on the LME on the back of reemergence in Europe’s debt crisis coupled with a stronger dollar index. However, further downside in prices was restricted on the back of decline in LME inventories of copper which decreased by 3.3 percent to 220,925 tonnes yesterday.

On the MCX, prices gained by 0.5 percent on the back of sharp depreciation in Indian Rupee and closed at Rs.438.7/kg on Wednesday. Copper prices have failed to cross 440 on higher end indicating lack of buying interest, one can witness selling pressure to the tune of 430. Oscillators indicating flat to down move.

MCX Curde Updates

Nymex crude oil prices declined by 0.2 percent on Wednesday on the back of more than expected rise in US crude oil inventories coupled with re-emergence of the European debt crisis. Additionally, a stronger dollar index exerted further downside pressure on oil prices.

On the MCX, prices gained by 0.7 percent on account of sharp depreciation in the Indian Rupee and closed at Rs.5,213/bbl after touching an intra-day high of Rs 5224/bbl. Crude prices as expected test the resistance zone at 5225-5235 on higher end and witnessed selling pressure. We expect selling pressure to continue, one can sell on rise till 5185-5195.

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MCX Crude and Copper Updates (Tips and Trend) For Today: 4th April '12

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Crude Updates

Nymex crude oil prices declined by 1.2 percent yesterday on the back of more than expected rise in US crude oil inventories as per the American Petroleum Institute data. Additionally, a stronger dollar index and Fed’s decision for not going for monetary easing exerted downside pressure on the prices of the commodity. In MCX crude has a support level at 5,234 and a resistance level at 5,322. Our technical report suggest that it is the time to make fresh buy position in MCX crude.

Trading Call: Buy around 5300 levels with a stop loss placed below 5235 levels for targets of 5450 levels.

Copper Updates

Copper declined from a near two-month high, after another large build in warehouse stockpiles that withdrew some of the bullish momentum from upbeat US and Chinese manufacturing data. Copper futures for May delivery closed slightly down by 0.1% at $3.919 per pound on the COMEX of the New York Mercantile Exchange. In MCX Copper today it has a resistance at 440 and a support level at 432. Market santiments suggest that make a short position in MCX copper.

Trading Call: Sell around 438 levels with a stop loss placed above 441 levels for targets of 434 levels.

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MCX Crude Updates (Tips and Trend) For Today: 3rd April '12

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MCX Crude Updates

The customary weakness is likely to find support near 5295 area for a swing higher towards 5330 followed by 5360 region. Break past 5380, could witness prices pushing higher towards 5425/5450. Break below 5270 could see bears taking control towards 5225 territory. Prolonged bearishness could be on cards if splinter below 5180. Crude oil prices rallied more than 2%, after a report showed that manufacturing in the US expanded at a faster pace than expected, signaling steady economic growth in the world’s biggest crude-consuming country.

MCX Crude Oil suggested to have prices reversed after taking support at 5235 levels. MACD is in a buy mode. We expect prices to go up to levels of 5450.

Trading Call: Buy around 5300 levels with a stop loss placed below 5235 levels for targets of 5450 levels.

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Crude Updates For Today, MCX Commodity Tips

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The daily price chart suggest that prices have given a breakout from a symmetrical triangle. Daily stochastic is building strength and prices are trading above short term averages. We expect prices to go up to levels of 5550 levels. 

NYMEX nearly 1 per cent on crude oil is traded, the price is above 106 dollars a barrel. Grel 0.25 per cent in the last week, crude oil was down to Rs 5485. Oil traded near the highest level in two days in New York before data this week that may show a strengthening U.S. economy, signaling rising fuel demand in the world's biggest crude-consuming nation. 

Futures were little changed after climbing 1.4 percent on March 23. Manufacturers in the U.S. probably received more orders for durable goods in February and consumer purchases climbed the most in five months, economists said data this week will show.

We recommend a buy around 5450 levels with a stop loss placed below 5380 levels for a target of 5550.

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MCX Bullion and MCX Crude Updates For Today: 28th Feb '12

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Bullion metals inched higher today after two sessions of straight losses, ahead of a major cash injection by the European Central Bank expected later this week, and a weaker dollar lent support.

Bullion metals are trading higher on COMEX today. We expect prices to trade higher for the following trading session on account of a weaker dollar and concerns over the euro zone crisis. Industrial metals are trading higher on International bourses today. We expect prices to trade higher for the following trading session on account of optimism over the second liquidity infusion by the ECB and a weaker dollar.

Crude oil is trading lower on NYMEX today. We expect prices to trade range bound with a positive bias as supply concerns and a weaker dollar will support the prices. The intraday weakness is likely to continue till 5335/5305 followed by 5270 region as long as 5380 region caps upside. However, 5415 region holds to be a major resistance area and is more likely to hinder any advances past 5380. Break above this level could void our intraday bearish view swinging prices higher towards 5500 region.

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MCX Bullion (Trend and Tips), Crude Updates For Today (24th Dec '11)

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Gold - Silver is in the bullish trend. With indices on MCX gold is trading at Rs 27758. While silver has seen nearly half per cent, silver in the domestic market is trading above the 53 thousand bucks. In the international market is bullish trend in gold and silver.

Initial rise in crude oil has now ceased. Domestic crude oil is visible in the flat business. Although crude oil prices are still up to Rs 5,200. Naimaks the crude oil trading at nearly $ 100 is being viewed.

Trends in base metals continued to rise early. MCX is trading at the edge of all metals. In most zinc is about 1.5 per cent seen. In the lead is trading at around 1 per cent.

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Crude Oil Tips For Today: MCX Crude Tips, Crude Updates

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Today all commodities are trading with the red points, all commodities are down today. May be the reason is huge fall in stocks. Today Nifty has falled more than 100 points. Crude oil is also get some effect of it, Now it is trading at 5174 with the loss of 12 points. It is looking consolidate today.

It may touch the level of 5300 in coming days if it cross the level of 5210 in this week, Unless it may trade between 5100-5200 levels.

We Suggest go long in crude with a buy position for long term.

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