NCDEX Tips and Live Updates|Crude Updates for 16 April 2015

Crude Updates Today
In the United States is expected to grow less than crude oil stock prices have reached the highest level this year. On Wednesday, naymaiks on crude prices 5.8 per cent at $ 56.39 a barrel-mounted at the level of the closed, which has for the first time since December 23. While Brent crude prices to 2.73 per cent in recorded faster. Currently Brent crude $ 63 a barrel.
Hopes of increased crude stocks
Over the week to April 10 in the u.s. crude stocks increased less than expected. According to the u.s. Department of energy, crude oil reserves rose 48.36 million barrels reached 12.9 million barrels now. While the estimate was 41 million barrels.

NCDEX Live Updates
NCDEX May Soya bean has extended the bullish momentum by given a breakout through the “bullish flag” chart pattern on daily charts. Overall outlook remains positive and further rally can be possible towards 3775 & 3860 levels, which is an equality target of the poll length. However, downside remains support 3665 levels.

NCDEX Tips Today
We suggest a BUY Around 3665 level for Targeting 3775 with Stop loss at 3620.

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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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Crude Oil Updates and MCX Bullion Tips For Today: 25th March

MCX Tips, MCX Gold Tips, MCX Silver Tips, Commodity Tips Today, Crude Oil Tips, Crude Updates for 25th March

Gold Silver COMEX Updates
Gold and silver prices are up in the international market continues. Gold and silver prices  have shown upmove for the fifth consecutive season. COMEX gold price are trading at the high of last 3 weeks.
Commodity Experts say that gold and silver prices are up mainly because of the sharp pressure in global stock markets and investors against risky assets to secure the trend of investment in gold is rapidly returned.

MCX Bullion Tips For Today
We expect that COMEX gold will the a short term target of $ 1200 and more from here. COMEX gold is currently up by 0.20 percent at $ 1190 per ounce. However, with minor speeding silver is also trading at a level of $ 16.95 per ounce.
On other side MCX Gold also having a price relly at 26422 to 26488 level while it may see 26235-26132 levels in downside. Trading range 26100-26450 because of bullish trend Correction is expected.

Crude Oil Updates
Crude oil at NYMEX for May expiry was all over the place wherein the commodity at one point of time hit a high near $48.50 per barrel, adding more than 2% from Monday’s closing however finally finished just 0.13% higher to $47.50.
At local markets, we saw crude oil closing higher by over 2% above the Rs 3000 per barrel level wherein we should see gap-down opening in oil today at MCX.

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MCX Copper Tips and Commodity Updates

Commodity News Highlights 

• Gold gains 1pc as euro, commodities up ahead of ecb.
• Brent crude oil returns to 100$ ahead of ecb.
• Copper rises as dollar falls , ecb meeting in focus.
• Domestic oil and oilseed trade bullish on global cues.

MCX Copper Tips
Today morning base metals are trading mixed with Copper and Nickel slightly down at LME electronic platform. Copper prices traded positively while other metals too were up, on reports that rescue of Spain's troubled banks by the EU. Copper futures for July delivery closed up by 2.7% at $3.3779 per pound on the COMEX of the New York Mercantile Exchange.

Copper is currently trading at 411 with a strong down trend. It has a strong support of 406 if copper cross this level then it can further go to 402. On the upside it has a criticle resistance at 415 and above that 418. We suggest to Sell MCX Copper at high levels. 

MCX Commodity Data
 

Time	Currency	Economic Data	Forecast	Previous
06:00 PM	USD	Unemployment Claims	381K	383K
07:30 PM	USD	Fed Chairman Bernanke Testifies
08:00 PM	USD	Natural Gas Storage		71B
09:40 PM	USD	FOMC Member Lockhart Speaks

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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 Copper Updates, Commodity Tips For Today: 9th May

London copper rose on Tuesday as the London Metal Exchange resumed trading after a one-day holiday, with sentiment improving on hopes Spain would use public funds to bolster its struggling banks. 

In MCX Copper as long as 434/433 regions holds the downside support expect a pull back towards 440-442 levels. Break below 432 would call for a dip towards 429/427 areas. However, major bullish run could open on consistent trades above 444 targeting 449/452.

Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 442 The Copper is now trading is approaching oversold level. The Copper is now trading is approaching oversold level. The oscillator is showing BUY signal.

Intraday Trend- Buy is advised above 440.8 with a stop at 433.5, Below 431.3 go for sell.

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MCX Copper Updates (Tips and Trend) For Today: 8th May

Base metals counter can trade sideways with negative bias. Copper may trade in range of 440-446 while Lead may trade in range of 111-113 and zinc in range of 106-108 in near term. London copper rose on Tuesday as the London Metal Exchange resumed trading after a one-day holiday, with sentiment improving on hopes Spain would use public funds to bolster its struggling banks.

MCX Copper CMP is 435. The Copper is in long- medium- short-medium- short- term bull phase. Currently Copper 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 oscillator is showing BUY signal For short term Copper is in HOLD LONG position. Positionally Support for the Copper is 429-425. Resistance for the Copper is 445.

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MCX Copper Updates, Copper Tips For Today: 4th May

Copper, the leader of the base metals complex, declined by 1.1 percent on the LME yesterday on account of a stronger dollar index and weak economic data from US and Euro Zone which indicated a slowdown in the global economy. However, sharp downside in prices was restricted on the back of fall in copper LME inventories which dropped by 1.6 percent to 235,200 tonnes on Thursday.

In MCX the Copper is in perfect uptrend. Currently Copper 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 oscillator is showing BUY signal For short term The current position is BUY. Positionally Support for the Copper is 440-435. Immediate resistance for Copper is 452-455.

We suggest to buy MCX Copper Jun above 446.50, Stop loss 442, Target 449.50-452.50

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MCX Copper Tips, Copper Updates For Today: 3rd May '12

Copper and other metals declined, hit by fears of a global economic slowdown on contracting EU and Chinese manufacturing activity and weak US private-sector jobs data. In international market last trading session was a bad dream for most of commodities. The premium of LME cash copper over 3-months material fell to $65, after shooting up to $149 per ton on Monday, the biggest since early August 2008. The drop indicates less tightness in immediate supply. So here is a huge posibilities that those commodities which are affected in internation market will not be safe in local markets also.

In MCX Copper it was trading at its best. In its last trading session it has got 445 level which was a new all time high. Although mcx copper has a strong resistance at 451 and a strong support at 437. In today's trading session we suggest to sell MCX Copper at higher levels.

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MCX Copper Updates (Tips and Trend) For Today: 1st May '12

Continuing the bullish trend Copper extended the rally last week and made the high of Rs. 447. Nearterm outlook remains positive as long as the prices hold the support of 436 levels and on higher side target for this upward move comes around 452. A strong close on weekly basis will further strengthen the movement in copper in coming days.

MCX Copper Trend for 1st May '12
 

Copper is trading at 446 level. The Copper is in perfect up-trend . Currently Copper is in strong up-trend with good momentum and high volume. The open interest is not increasing with trend. Cautious point is buying at higher levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY. Positionally Support for the Copper is 436-432-428. Immediate resistance for Copper is 450-454-458.

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Copper Updates, MCX Copper Tips For Today: 30th April '12

Continuing the bullish trend Copper extended the rally last week and made the high of Rs. 447. Nearterm outlook remains positive as long as the prices hold the support of 430 levels and on higher side target for this uoward move comes around 452. A strong close on weekly basis will further strengthen the movement in copper in coming days. RSI-14 period and long-term momentum indicator MACD both are placed in positive territory by supporting the bullish view.

MCX Copper suggest that prices have breached the crucial resistance of 443. RSI is in a buy mode and prices are trading above short term averages. We recommend a buy around 445 levels with a stop loss placed below 440 levels for a target of 455 levels.

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Copper Updates For Today: MCX Copper Tips For 18th April '12

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MCX Copper may note some decline tracking international exchanges, however the downside remains capped. LME Copper is trading slightly lower in early trades today amid growing worries over weakening demand for copper. Also putting pressure on prices renewed worries over debt crisis in Euro Zone.

Copper fell for a third day after data from the U.S. and China deepened concerns that slowing economic growth may reduce demand for the metal among the world’s biggest users. The metal for delivery in three months declined as much as 0.6 percent to $7,939.50 a metric ton on the London Metal Exchange, before trading at $7,953.50 by 10:36 a.m. Shanghai time. July-delivery copper on the Comex lost 0.7 percent to $3.6095 a pound.

Copper suggest that there is a positive divergence observed. RSI is in a buy mode. We expect prices to go up to levels of 417.

Trading Call: Buy MCX Copper above 412 with a stoploss of below 409 levels for target of 417.

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

Crude Updates, copper updates, MCX Crude Tips, mcx copper tips, mcx base metal tips, energy tips for today, Base metal trend, mcx crude trend, free commodity tips, mcx commodity tips, mcx tips today

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

Crude Updates, MCX Crude Tips, Crude oil tips, free crude tips, mcx energy tips, free commodity tips, mcx crude intraday

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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MCX Gold Silver Tips and Copper Updates For Today: 3rd April '12

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MCX Gold Tips

MCX Gold is suggested to have a prices reversed after taking support at 28400 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 28700.

Trading Call: Buy around 28500 levels with a stop loss placed below 28400 levels for targets of 28700 levels.

MCX Silver Tips

MCX Silver is also suggested to have a prices reversed after taking support at 56500 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 58000.

Trading Call: Buy around 57300 levels with a stop loss placed below 56700 levels for targets of 58000 levels.

MCX Copper Tips

Ongoing consolidation likely to call for a dip initially but may cause a reaction rallies later. Ideally prices have to surpass the strong upside obstacle of 444 to shoot up fresh strong rallies.

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