MCX Copper Tips and Crude Updates Today

MCX Copper Tips

Today morning base metals are trading slightly positive by 0.09 to 0.2 percent at LME electronic platform. At MCX, base metals may likely open on a positive note for the day. Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity around 409 with a stop loss below 405. Fresh buying could witness above 415.

MCX Crude Oil Tips

During early Asian session, oil prices are seen hovering near $83/bbl with fall of more than 0.40 percent from yesterday’s closing. Investors must be cautious ahead of inventory report releasing tonight, which is expected to give a positive indication for prices. We may suggest remaining on selling side for the day. Crude prices are witnessing a range bound move. one can buy around 4620 with a stop loss of 4580 targeting 4685–4700. Oscillators suggesting a flat to positive move ahead.

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MCX Tips : Crude and Copper Updates Today

Copper Updates

Today morning base metals forwards are trading up by 0.4 to 2.4 percent at LME electronic platform with Copper as the top gainer. Industrial metals are trading higher on International bourses today. We expect prices to trade higher for the day as Europe agreed on a bailout package for Spain's distressed banks and data showing strong imports by top consumer China.

On the MCX, Copper June contract prices declined around 1 percent on the back of appreciation in the Indian Rupee and closed at 404.20 on Friday after touching a low of 397 during the week. Now it is trading at 411 with almost 1.5% up. It has a strong resistance at 415 and a criticle support at 405.

Crude Updates

Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the day as after euro zone finance ministers agreed to a rescue package of up to 100 billion euros ($125 billion) for Spain's banks and strong import numbers from china. Crude oil futures prices are trading above $86/bbl in electronic platform with gain of more than 2 percent. Oil prices have gained on speculation of higher oil demand from European countries as Spain have requested for bailout to shore up its banks. Spain finance minister have told that it will seek $125 billion. 

On the domestic bourses, prices declined by 0.1 percent on account of appreciation in the Indian Rupee and closed at 4625 on Friday after touching a low of 4522 during the last week. Now it is on 4736 up by 1.30%. It has a strong resistance at 4790 and a criticle support at 4660.

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Copper Updates and MCX Crude Tips For Today

MCX Copper Updates

Copper was the worst performing commodity in the base metals pack, yesterday as it declined around 2 percent on the LME. Turning negative for the year and coming within $20 of its 2012 low on fears of a widening European debt crisis and fading hopes for a Chinese stimulus. In today’s session we expect base metals prices to trade lower on account of slowdown in US and European economies. Additionally, a stronger dollar will also lead to downside in base metals prices on the LME.

Technical chart of MCX Copper suggest that prices have breached the crucial support of 422. RSI is in a sell mode. We expect prices to correct up to levels of 418.

MCX Crude Oil Tips

Oil entered a bear market in New York as it headed for the biggest monthly drop in more than three years on speculation Europe’s worsening debt crisis and a slowing U.S. economy will reduce fuel demand. Oil for July delivery traded at $87.70 a barrel, down 12 cents. WTI Crude Oil is currently trading at $87.51 per barrel. MCX Crude Oil May is currently trading at Rs. 4959, it is trading down by Rs. 3 for the day.

From the intra-day perspective we expect crude oil prices to trade with a negative bias on account of expectations of rise in US crude oil inventories, slowdown in European and US economy along with a stronger dollar index.

Technical chart of Crude Oil suggest that prices have broken the crucial support of 5000. RSI is in a sell mode. We expect prices to correct up to levels of 4900.

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MCX Copper Tips and Crude Updates For Today

MCX Copper Updates

Copper prices touched an intra-day high of $7759/tonne and hovered at $7699/tonne till 4:30pm IST today. On the MCX, prices increased by 0.6 percent as depreciation in the Indian Rupee further supported the prices and were trading at Rs.428.80/kg today. Copper prices declined in the late evening session, surrendering earlier gains, after a downgrade to Spain's sovereign credit rating rekindled fears about Europe's deepening debt crisis.

In MCX, technical chart of MCX Copper suggest that prices have reversed after taking resistance at 430 levels. RSI is in a sell mode. We expect prices to correct up to levels of 422. We suggest to Sell MCX Copper June below 427 with a stop loss placed above 430 for targets of 422.

MCX Crude Oil Tips

Oil prices touched an intra-day high of $91.99/bbl and were trading around $91.13/bbl today on NYMEX. On the domestic bourses, depreciation in Indian Rupee helped upside in crude oil prices and hovered around Rs5102./bbl.

Technical chart of Crude Oil suggest that prices have reversed after taking resistance at 5130 levels. RSI is in sell mode. We expect prices to correct up to levels of 5040. We suggest to Sell around 5095 with a stop loss placed above 5130 for targets of 5040.

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Copper Updates and Crude Oil Tips For Today

MCX Copper Tips

Copper rose for the third straight session on LME, as opinion polls showed support for Greek political parties backing a bailout plan, easing concern about the euro-region debt crisis that threatens to crimp demand. Copper futures for July delivery closed marginally higher at $3.4685 per pound on the COMEX of the New York Mercantile Exchange. Technical chart of Copper suggest that prices have reversed after taking support at 425. RSI is in buy mode. We expect prices to go up to levels of 431.

We suggest to Buy MCX Copper June around 427 levels with a stop loss placed below 424 levels for targets of 431 levels.

MCX Crude Oil Tips

Oil rose for a third day in New York as speculation that U.S. economic growth will boost fuel demand in the world’s biggest crude consumer countered concern Europe’s debt crisis will worsen. Crude for July delivery climbed as much as $1.13 to $91.99 a barrel. WTI Crude Oil is currently trading at $91.20 per barrel. MCX Crude Oil May is currently trading at Rs. 5084, it is trading up by Rs. 13 for the day.

Technical chart of Crude Oil suggest that prices have reversed after taking support at 5065. RSI is in buy mode. We expect prices to go up to levels of 5150.

We Suggest to Buy MCX Crude June above 5100, Stop loss 5070, Target 5130-5140.

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MCX Crude Updates (Tips and Trend) For Today: 4th May

Crude Oil traded near a two-week low in New York and is poised for a weekly decline as worse-than-forecast U.S. economic data and Europe’s outlook stoked speculation that demand for fuel may drop. MCX Crude Oil May is currently trading at Rs. 5526, it is trading up by Rs. 3 for the day. The Crudeoil is in perfect uptrend .Currently Crudeoil 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 Crudeoil is now trading in overbought level. Long Term trader can hold crude oil for long term.

MCX Crude has a strong resistance at 5620 along with the crucial support at 5470. Currently Crudeoil is in HOLD LONG position Crudeoil is moving sideways so short term investor better to buy only above 5629.0 with stop at 5491.0 The Crudeoil is now trading is approaching overbought level.

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MCX Copper and Crude Updates For Today: 11th April '12

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Copper Updates

In MCX Copper anticipated move towards 417 has already been triggered. Day’s bias likely to continue the selling pressure but it would required an initial push higher before resuming such strong sell off. Rise above 429 could signal mild positive bias but prices needs to be close above 436 to dent our bearish expectations. MCX Copper suggest that prices are trading near a crucial support of 418. There is a positive divergence seen in stochastic. We expect a techncial bounce up to levels of 422.

Trading Call: Buy MX Copper above 418 with a stoploss of 415 for targets of 422.

Crude Updates

From the intra-day perspective, we expect crude oil prices to trade on a bearish note on account of expected rise in US crude oil inventories coupled with strengthen in the US dollar index. We expect crude oil prices to trade with a sideways bias as on one hand supply concerns from Iran will support prices while on the other hand expected rise in US crude oil inventories may exert downside pressure. Crude prices are holding the support at 5190 -5180, one can witness selling pressure below that.

Trading Call: Sell MCX Crude below 5250, with a stoploss of 5280, Target of 5210.

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MCX Crude and Copper UPdates For Today: 9th April '12

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MCX Crude Updates

The daily price chart suggest that prices have reversed after taking resistance at 5350 levels. RSI has given a negative crossover and prices are trading below short term averages. 

We recommend a sell around 5300 levels with a stop loss placed above 5360 levels for a target of 5140 level.

MCX Copper Updates

The daily price chart suggest that prices are trading near a crucial resistance of 434. Stochastic has given a negative crossover and prices are trading below short term averages. Immediate support is at 429 levels. 

We recommend a sell below 429 levels with a stop loss placed above 440 levels for a target of 415 levels.

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MCX Copper and Crude Updates For Today: 2nd Feb '12

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Crude Oil Tips and Trend-

Crude oil has declined. Nearly 2 per cent, with weakness of crude oil on MCX 4778 is at Rs. The NYMEX fell 0.5 per cent on crude oil has reached $ 97. Stores in the United States due to reports of rising crude oil prices declined. In addition, a stronger rupee against the U.S. dollar is also showing an effect on crude oil.

Oil prices hovered around USD 98 a barrel Thursday in international markets. Benchmark crude for March delivery was down 1 cent at USD 97.60 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 87 cents to settle at USD 97.61 on Wednesday

MCX Copper Tips and Trend-

Base metals can remain on mixed note. Copper can trade in range of 415-420 in MCX while lead may remain in range of 108-111 and zinc in range of 103-106. London copper slipped on Thursday as gains in the past month kept Chinese buyers at bay and the euro zone debt crisis continued to weigh on sentiment. Copper & other metals fell for the third straight session, after reports from US showed unexpected decline in consumer confidence and business this month, damping the metals demand outlook. Copper futures for Dec. delivery closed down by 1% at $3.7900 per pound on the COMEX division of the New York Mercantile Exchange.

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MCX Crude and Copper Updates For Today: 31st Jan '12

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MCX crude oil has ended. Up more than 0.25 per cent crude oil is trading close to Rs 4962. NYMEX at 1 per cent rise in crude oil is trading with. In Japan due to better than expected industrial production figures for crude oil is boiled. International market has a bullish trend in crude oil. In NYMEX the crude oil is trading with a gain of nearly half a per cent. Although the price is still below $ 100 per barrel. On Monday, crude oil in the domestic market had closed at Rs 4940 with lethargy.

Copper & other metals declined, as downbeat US economic data, resurgent fears about Greece and a weaker euro stifled investor appetite for riskier assets like commodities. Copper futures for Dec. delivery closed down by 1.6% at $3.8265 per pound on the COMEX division of the New York Mercantile Exchange. Japan's refined zinc exports surged 44% from a year earlier to 12,273 tons in Dec, as exports to China increased, as per customs-cleared data. Exports to China increased to 4,504 tons, up from 1,753 tons a year earlier.

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MCX Base Metal and Crude Tips For Today: 30th Jan '12

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Last week, after the rapid decline in base metals. All metals including copper are traded on MCX are on the decline. Around 1 per cent on the London Metal Exchange copper has been broken. In lead and zinc on the London Metal Exchange declined by 1.5 per cent. 1 week after discharge of the business is in China today.

Currently 1.5 per cent fall on MCX Copper is trading at Rs 419.65. Lead and zinc 1.7 per cent to 1.5 per cent to Rs 109.85 and 103.30 respectively with osteoporosis are trading at Rs.

Crude oil is also looking consolidate in today's trading although it is now at 4964. Our research report said that it will touch 5100 level in near term.

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MCX Crude Oil Trend and Tips For Today

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MCX Crude is looking bullish although it is trading at its low of this week, it is now trading on 5395 with a intraday high of 5436 and a low of 5352.

In this last trading year crude oil has traded USD 110 per barrel in Q1 and in Q2 it was traded at USD 118 per barrel. It may be a top commodity in market this time. Our research expert said that it may trade between USD 110-120 this year.

So according to our research report MCX Crude is looking strong with a resistance of 5460 for intraday trading and a support level of 5350. Make a fresh position in MCX Crude oil to maximise your profit.

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Crude Updates (Tips and Trend) Today : 30th Dec '11

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After a sharp decline in bullion metals all commodities are looking to recover from that. Crude Oil is also trading on its higher price today. Today it is trading on 5305 after making a intraday high of 5332.

On the New York Mercantile Exchange, light sweet crude futures for January settlement traded at USD99.66 a barrel during late U.S. trade, advancing 0.30%.

after making a daily high of USD99.91 a barrel. So according to these reports MCX Crude oil is looking bullish in coming trading session.

We suggest that Buy crude oil at the lower levels to maximise your profit.

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Crude Updates (Tips and Trend): MCX Crude Oil Tips For Today

MCX Crude Tips Today, Crude Updates Today, Crude Oil Tips, MCX Crude Trend, Crude Oil Trend, MCX Outlook, Crude Oil Price Today

Crude oil is looking strong specially after getting the level of 5250. It has made a good recovery after a down trend till the levels of 4700..
Today also it is looking bullish, now it is trading on 5282 with the intraday high of 5285. In international market crude oil futures briefly pushed above the USD100.00 per barrel mark on Thursday due to sharply lower inventories and strong U.S. leading indicators.

MCX Crude may lead the commodity market in coming days, we Suggest that make a fresh position in MCX Crude for the medium term.

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Crude Oil Updates: MCX Crude Tips For Today(23rd Dec '11)

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MCX Crude is looking bullish at this time. Today it is trading at 5286 with the intraday high of 5294. As we have predicted that mcx crude oil is looking bullish yesterday crude oil moved according to that pattern. It is looking more bullish in coming trading session. Crude oil futures briefly pushed above the USD100.00 per barrel mark on Thursday due to sharply lower inventories and strong U.S. leading indicators.

Finally Crude Oil is looking bullish having the resistance of 5350 and a support of 5230.

We Suggest that make a fresh position in MCX Crude Oil to maximise your profit.

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NCDEX Outlook Today: MCX Tips and Trend For Today

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Commodity Updates:

• Gold edges down as europe debt worries persist.
• Oil up as u.s istockpiles decline most in a decade.
• Copper up with euro in ecb tender reaction.
• Domestic oil and oilseed trade low on global cues

MCX Bullion Trend For Today-

MCX Gold -

TREND                 R 2             R 1            S 1              S 2            STRATEGY
Consolidate        28230         27960       27375         27120     Buy on Lower Levels

MCX Silver-

TREND                 R 2              R 1            S 1             S 2            STRATEGY
Consolidate        54700          53500       51050        50200     Buy on Lower Levels




Here are technical levels for NCDEX Commodities-

SOYBEAN (JAN)

TREND                R 2              R 1              S 1            S 2            STRATEGY
Consolidate        2490            2440           2350         2300      Buy on Lower Levels



GUARSEED (JAN)

TREND                R 2               R 1              S 1            S 2           STRATEGY
Consolidate        7180             7040           6770         6630     Buy on Lower Levels



PEPPER (JAN)

TREND                R 2                R 1             S 1            S 2            STRATEGY
Consolidate       37825            37160        35715       34990     Sell on higher Levels

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Crude Updates: MCX Crude Oil Tips For Today.

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MCX Crude is looking strong among all commodities today. It is trading at 5230 level and made a intraday high of 5247. It is looking more bullish in coming trading session. Crude oil inventories have fallen the most since 16th February 2001 which is the largest decline in a decade. Additionally, US joined European economies to implement strict sanctions on Iran which increased fears for supply concerns and this also helped upside in prices.

Finally Crude Oil is looking bullish having the resistance of 5260 and a support of 5180.

We Suggest that make a fresh position in MCX Crude Oil to maximise your profit.

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MCX Crude Updates: Crude Oil Tips For Today

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MCX Crude is looking consolidate today, although it has recover from the 4900 levels of last week but now it is trading at the level of 5173 with the intraday high of 5198. Crude oil futures soared Wednesday, fueled by a double-shot of bullish news of supply worries on one hand and stronger economic data across the globe on the other.

Finally Crude Oil is looking bullish having the resistance of 5210 and a support of 5130.

We Suggest that make a fresh position in MCX Crude Oil to maximise your profit.

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MCX Crude Oil Tips and Trend: Crude Updates

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After a sharp decline of last week mcx crude is looking to recover from that down fall, Today it is trading on 5080 and made a intraday high of 5087.

In international market oil prices touched an intra-day high of $94.42/bbl and closed at $93.8/bbl. On the MCX, prices increased by 1.6 percent and closed at Rs.4983/bbl after touching an intra-day high of Rs.5003/bbl on Monday. MCX Crude oil is looking more bullish in coming trading session

In Indian commodity market all commodities are looking strong after a heavy fall in all. It is a best time to maximize your profit by making fresh position in crude, gold and silver.

Here we have technical levels for MCX Crude Oil

Resistance  :  5140  :  5200.

Support       :  5020  :  4960.

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MCX Crude Oil Report (Trend and Tips): Crude Updates

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MCX Crude is bullish today. Currently it is trading at the level of 4968. It is looking consolidate because crude oil futures fell in Asian trading Monday as concerns that the European debt crisis will serve as the primary steering current for the market offset bullish pressures from ongoing Middle Eastern unrest.

However we have technical levels for MCX Crude Oil

Resistance  :  4985  :  5110

Support       :  4940  : 4920.

We suggest you to stay away from the MCX Crude Oil and if you made a position than sell it on higher levels.

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