MCX Copper Tips and Updates For Today

Copper, the leader of the base metals group, declined by 0.4 percent yesterday on the LME on the back of rise in risk aversion in the global markets coupled with increase in LME copper inventories by 1.6 percent which stood at 243,425 tonnes. However, weakness in the DX restricted further downside in fall of copper prices.

On the MCX, prices declined by 0.2 percent on account of appreciation in the Indian Rupee and closed at Rs.410/kg after touching an intra-day low of Rs.409.10/kg on Wednesday. Today also it is trading in a consolidate manner. Copper is trading at 411 at the moment.

we expect base metals to trade lower on the back of rise in risk aversion in the global markets coupled with strength in the DX. Depreciation in the Indian Rupee can prevent further fall in prices.

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 Copper Trend 

Month	June
Support 3	403
Support 2	406
Support 1	409
Resistance 1	412
Resistance 2	415
Resistance 3	418
Trend	Consolidate

 

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MCX Copper Updates: Commodity News and Trend For Today

Copper traded sideways to positive, as reports that China will fast-track infrastructure investments encouraged investors to buy the industrial metal despite a firm dollar and uncertainty about Europe's ability to resolve its debt crisis. Expectations of China acting in order to boost economic growth continued to support base metal prices in yesterday’s trade. Copper, the leader of the base metals pack, swung between gains and losses despite macroeconomic concerns on hopes that the world’s largest copper consumer would re-ignite economic growth in its country, thus reassuring future demand for metals. Copper prices touched an intra-day low of $7,705.75/tonne and at $7,736/tonne in yesterday’s trading session. On the domestic front prices gained by 0.7 percent as depreciation in Indian Rupee helped upside in prices and closed at Rs.429.60/kg after touching an intra-day high of Rs.430.70/kg on Tuesday. Now it is trading at the level of 426.30.

Copper futures for May delivery closed slightly down at $3.487 per pound on the COMEX of the New York Mercantile Exchange. In MCX it holds strong resistance at 430.5. MCX Copper suggest that prices have reversed after taking resistance at 431 levels. RSI is in a sell mode. We expect prices to correct up to levels of 421.

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MCX Live Copper and Silver Trend For Today: 11th May

Copper Updates

The Copper is in long- medium term bull phase. Currently Copper is moving sideways that says that mcx copper may trade in range of 435-443. The Copper is now trading in overbought level. Means there is a good opportinuty to sell copper in current market and make some profit. The market sentiments is showing SELL signal. In last 1 month volatality is very less Buy the Copper above 452 or buy with strict stop at 421. One can make short position in mcx Copper. Positionally Support for the Copper is 430-426. Strong resistance for the Copper is 442-445.

MCX Silver Trend

Overall trend for mcx silver is down for long and medium term. Currently mcx silver is trading in a strong down trend. Our research team suggest that it is a good time to enter in this volatile market with a fresh buying position. Current sentiments are showing a buying signal for MCX Silver. Although it may get more bear trend if it cross the support levels of 54055 and 53600 else it will be a bull trend if it touch the resistance level of 55560-55900.

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MCX Commodity Tips and Trend For Today: 17th April '12

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MCX Gold Trend

Intraday direction most likely to be south bound, which could initially test the downside support of 28240/160 for a breath away. Although, major selling only by concrete trades below 28150 region. Despite in this drab picture, trade above 28470 region may invite buying interest with a target of 28530/590 or even to 28720. We suggest to sell MCX Gold June.

MCX Silver Trend

If prices hold the immediate support at 55400 would dilute hopes for further selling pressure and prices may see a pull back towards target of 56300/57200 levels. An unexpected turn lower below 55400 would target 54600/53500 levels. We suggest a Sell in MCX Silver May.

MCX Copper Updates

As long as 408 holds the downside support expect prices to push higher towards 414/418 region. Major weakness could creep in if below 408 towards 405/402 levels. Current position showing a buy signal in MCX Copper.

MCX Crude Updates

The prevailing positive bias is likely to extend towards 5380 region if able to trade consistently above 5350. Otherwise, expect an initial dip towards 5305/5285 levels. Above 5415, could open flood gates for prices to inch higher towards 5450/70. On the contrary, Slippage past 5280 levels could take prices lower targeting 5250/5230 levels. Our analyst team indicating a sell in MCX Crude.

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Free Commodity Tips For Today: MCX Commodity

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MCX Gold June: 

Sell below 28,700 levels with a stop loss placed above 28,800 levels for targets of 28,500 levels.

MCX Silver May: 

Sell around 57,000 levels with a stop loss placed above 57,200 levels for targets of 56,500 levels.

MCX Crude April: 

Buy around 5,280 levels with a stop loss placed below 5,235 levels for targets of 5,350 levels.

MCX Natural Gas April: 

Sell around 104 levels with a stop loss placed above 107 levels for targets of 100 levels.

MCX Copper April: 

Sell around 420 levels with a stop loss placed above 423 levels for targets of 415 levels.

MCX Nickel April: 

Buy above 960 levels with a stop loss placed below 950 levels for targets of 980 levels.

MCX Lead April: 

Buy around 106.80 levels with a stop loss placed below 106 levels for targets of 108.50 levels.

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MCX Copper Updates and Live MCX Commodity Tips For Today: 13th April '12

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MCX Copper Updates

Copper jumped over 2%, swept up in a broader-based rally in the base metals and equities, as investors' concern about Europe's debt crisis eased and Chinese growth prospects turned more positive. Copper futures for May delivery closed up by 2.2%% at $3.7205 per pound on the COMEX of the New York Mercantile Exchang. Technically it is looking consolidate unless these is any hike in commodity market. Copper has a resistance of 425.2 and a support level of 417.8.

Trading Call: We suggest to Buy MCX Copper (Apr) above 418.5 for the target of 422-425 and a stoploss of 417.

MCX Gold Tips

MCX Gold suggest that prices are trading near a crucial resistance of 28800. Stochastic is loosing its strength. We expect prices to correct up to levels of 28500 if prices trades below 28700.

Trading Call: Sell MCX Gold below 28700 with a stoploss of above 28800 for target of 28500.

MCX Silver Tips

MCX Silver suggest that prices have reversed after taking resistance at 57200 levels. Stochastic is in a sell mode. We expect prices to correct up to levels of 56500.

Trading Call: Sell MCX Silver below 57000 with a stoploss of above 57200 for targets of 56500.

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Copper Updates, Tips and Trend For Today: 12th April '12

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Copper Updates

MCX Copper may note some gains tracking international exchanges, however the upside remains capped. LME Copper is trading slightly up after noting sharp decline yesterday. Lending support is short covering after yesterday`s fall and slight weakness in US Dollar. The gains may however be capped amid reduced risk appetite due to renewed debt worries in Euro Zone and fears of weakening demand from top consumers China and US. MCX Copper is trading now at 415.75. Copper is lower by 0.62%. MCX Copper: Prices have support at 413.70 and resistance at 418.30.

Free Commodity Tips

MCX Gold June:

Buy MCX Gold above 28600, with a stoploss of 28400 for target of 28900.

MCX Silver May:

Buy MCX Silver above 56500, with a stoploss of 56000 for target of 57200.

MCX Crude April:

Sell MCX Crude below 5230 with a stoploss of above 5270, for target of 5160.

MCX Natural Gas April:

Sell MCX N. G. below 106 with a stoploss of 109 for targets of 100.

MCX Copper April:

Buy MCX Copper around 418 with a stoploss of 416 for target of 422.

MCX Nickel April:

Sell MCX Nickel below 930 with a stoploss of 940 for targets of 910.

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Commodity Updates: Copper, Crude and Bullion Updates

• GOLD RETREATS FROM HIGHS AS FED-LED RALLY FIZZLES.
• BRENT SLIPS BELOW $122 ON SOFT CHINA IMPORT DATA.
• COPPER SLIPS ON SLOWING CHINESE DEMAND.
• INDAIN SPICES UP ON SHORT COVERING.

For More Visit More Here @ Copper Updates

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MCX Copper Updates, Free Commodity Tips For Today: 11th April '12

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In MCX Copper as long as prices stay below 427 prolonged selling pressure is favored towards 422/417 or even more. A direct rise above 429 could signal mild positive bias but prices needs to be close above 436 to dent our bearish expectations. Now mcx copper has a reistance level 426 and a support level of 413. Technically it is looking bullish in nearterm so it will be a treat to buy MCX Copper Apr on its current levels.

MCX Commodity Tips For Today

MCX Gold June:

Sell MCX Gold below 28300 levels with a stoploss of 28400, Target: 28100.

MCX Silver May:

Sell MCX Silver below 55800 levels with a stoploss of 56500, Target: 54900.

MCX Crude April:

Buy MCX Crude around 5,240 levels with a stoploss of 5200, Target: 5350.

MCX Natural Gas April:

Buy Natural Gas around 107.50 with a stoploss of 106.40, Target: 110.

MCX Copper April:

Buy MCX Copper around 418 with a stoploss of 414, Target: 424.

MCX Nickel April:

Sell MCX Nickel around 927 with a stoploss of 935, Target: 915.

MCX Lead April:

Sell MCX Lead around 104.50 with a stoploss of 105.50, Target: 103.50.

MCX Zinc April:

Sell MCX Zinc around 103 with a stoploss of 104, Target: 101.50.

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Copper Updates: MCX Copper Tips and Trend For Today: 10th April '12

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The base metals complex on the MCX traded on a negative note on Monday, with copper being the worst performer of the day. The red metal declined sharply by 1.7 percent on the MCX and touched an intra-day low of Rs. 422/kg yesterday.

Copper prices witnessed a selloff after breaching the support at 428, for the day prices are expected to bounce till 426 -428. Oscillators heading down. MCX Copper is suggested that prices have reversed after taking suport at 422 levels. Stochastic has given a positive crossover. We expect prices to go up to levels of 428.

Trading Call: Buy MCX Copper around 424 levels with a stop loss placed below 421 levels for targets of 428 levels.

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MCX Copper Updates For Today: 3rd Feb '12

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Copper futures fell for the fourth time in five sessions in New York amid signs that demand may ease in China, the world's biggest buyer of industrial metals. Lead and aluminum fell more than 3 percent in London. Copper futures for March delivery declined 1.6 percent to settle at $3.781 a pound at 1:23 p.m. on the Comex in New York. The metal has dropped 17 percent in the past 12 months.

Our research report said that mcx copper will continue the same down trend. It has a resistance of 418 and a support level of 400. We suggest that copper is trading in a down trend in its last 3 trading sessions. It will be a good deal to sell copper on its high nodes.

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