MCX Gold Tips|MCX Silver Tips|Crude Tips| MCX Copper Tips for 26th March

MCX Gold Tips
Gold has a strong support at 26390-26287 range while resistance at 26610-26725 upside for today Gold is looking bullish. Buy is suggested at 26390 for target of 26610 with stoploss at 26287 as today's MCX Gold Tips.

MCX Silver Tips
Silver gained as weak data on U.S. durable goods strengthened the case for delaying a potential interest rate hike. with intraday support at 37750 and 37320 level and reistance at 38540 and 38980. Buy is suggested on lower levels as today's MCX silver Tips.

MCX Crude Oil Tips
MCX Apr Crude oil has took the support from rising trend-line at 2960 levels and inched higher in the last session. Now the bias remains positive and is likely to extend the rally towards the rising channel resistance of 3117 levels, above that 61.8% Fibonacci level of 3163 will be the next target. Hence, any dip can accumulate fresh longs at 3075 levels.
We suggestion to buy Cruce Oil Around 3075 levels for target of 3117-3163 with a stop loss at 3030.

MCX Copper Tips
MCX Apr Copper’s near-term bullish outlook remains unchanged as long as prices trading above 376 levels. Currently prices are facing an immediate resistance at 391 levels; above that next target would be around 396 levels. Hence, any fall can be hold 384 and add some buying pressure from the same.
We suggest to enter in MCX Copper with a buying position around 384 level with a stop loss at 380.6 for target of 391 level

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MCX Copper Tips and Updates For Today

Copper Updates:
The current updates in Copper is MCX copper is getting a low trend in evening. It was looking in a bullish trend but now it is trading at 416 level losing by 0.16 per cent. It had a strong resistance at 422 on the upside and a crucial support at 410 down. copper updates are import and export of china in refined copper, anode copper, alloy and copper concentrate. This will impact on copper's trading negatively.

MCX Copper Tips
For today in mcx copper we expect prices to correct up to levels of 412. MCX Copper is suggested to Sell around 417 levels with a target of 412 and put a strict stop loss at 420. For more info just fill the free trial form.

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MCX Silver and Copper Live Tips For Today

MCX Silver

silver futures prices today moved down by 0.84 per cent to Rs 54461 per kg, as speculators created fresh positions. Silver is in a consolidate trading phase and may get a positive position today. In our technical reports of a firming trend in precious metals overseas have mainly influenced silver futures here. We think Silver had been stuck in a range of 53500-55500 and a break on either side could determine direction.

Broad trading range is seen inside 55350-54000 levels, either side breakout would be required to suggest fresh directional moves. Direct rise above 55350 will be an early signal of short covering rally towards 56100/57000. Buy is recommended by the experts

MCX Copper

Copper has been rose arround 1.23% on MCX in its last trading and closed at just below of 424 level. For Today Copper prices are expected to test 428-431 on higher end. Copper is looking best deal in commodity market. Prices are expected to hold the support at 418-416 zone. Buying on dips is recommended.

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Live MCX NCDEX Commodity Tips For Today

MCX Lead Tips

MCX Lead has provided a breakout from the downtrend line which is a positive sign going forward. It has also taken support from the up trend line thus forming a hammer candlestick pattern at the bottom. The next resistance on the upside is pegged at 109, whereas, the support exist at 104.90. The overall trend appears bullish.

MCX Copper Tips

In this week, we expect copper prices to trade on a positive note taking cues from expectations of Fed’s quantitative easing, positive global market sentiments along with weakness in the DX.

We recommend a buy in MCX Copper June between 414-413 levels, Stoploss of 408 levels for the target of 422-427

NCDEX Chana Trend

Chana prices may witness some downside correction if monsoon advancement is timely and well distributed. However, overall fundamentals for Chana remain supportive from the medium term prospective due to tight supplies of the same amid lower output.

We suggest a Sell in NCDEX July Chana between 4150-4200, Stoploss-4300, for the target of 3900-3850.

NCDEX Pepper Tips

Pepper prices are expected to trade sideways to up as arrivals in the domestic market are limited with increased offtakes. However, fresh arrivals from Malaysia and Indonesia have commenced and that might cap sharp gains.

We suggest a weekly Buy in NCDEX July Pepper between 39150-39250, Stoploss:37800, for the target of 40800-41200.

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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 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 Base Metal Tips: Copper Updates for Today

All base metals are trading on a positive note today.

MCX Copper Tips

MCX Copper chart suggest that prices have reversed after taking support at 405 levels. RSI is in a buy mode. We expect prices to go up to levels of 414. For today in copper traders should go for buying at lower levels strategy, if copper sustains below the level of 404 we can see the level of 400 today, and above 411 it can touch the level of 415.

We suggest a Buy in Copper around 409 levels with a stop loss placed below 405 levels for targets of 414 levels.

MCX Nickel Tips

For Today chart of Nickel suggest that prices have reversed after taking support at 880 levels. RSI is in a buy mode. We expect prices to go up to levels of 920. For intraday Nickel traders should go for buying at lower levels strategy, if nickel sustains below the level of 873 we can see the level of 863, and above 894 it can touch the level of 906.

We suggest a Buy in MCX Nickel around 890 levels with a stop loss placed below 875 levels for targets of 920 levels

MCX Lead Tips

Technically In MCX Lead, chart suggest that prices have reversed after taking support at 105 levels. MACD is in a buy mode. We expect prices to go up to levels of 108. Intraday traders should go for buying at lower levels strategy, if lead sustains below the level of 105 we can see the level of 103.70, and above 107.40 it can touch the level of 108.10.

We suggest a Buy in Lead around 106 levels with a stop loss placed below 105 levels for targets of 108 levels.

MCX Zink Tips

Technical chart of Zinc suggest that prices are trading near a crucial resistance of 105. RSI is in buy mode. We expect prices to go up to levels of 106.50. Day traders should buy MCX Zink at lower levels, if Zink sustains below the level of 104.10 we can see the level of 103.80, and above 105.85 it can touch the level of 106.20.

We suggest a Buy in MCX Zink above 105 levels with a stop loss placed below 104 levels for targets of 106.50 levels.

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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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MCX Copper Tips and Trend For Today

MCX Copper suggest that prices are trading near the crucial support of 425. MACD is in a buy mode. We expect prices to go up to levels of 430.50. Copper dropped to a four-month low in New York on concern that slowing growth in China and the risk of Greece leaving the euro signal weaker demand for the metal. Copper fell on Wednesday in London to a 4-1/2-month low and sank to a fresh 2012 trough in New York, hit hard by a frenzy of riskaverse selling tied to global growth concerns and worries about Greece's possible exit from the euro zone.

Altough in MCX today copper is trading at consolidate to positive mode. MCX Copper is trading at 425.95 today. Technical charts advised that it will trade between 424-432 levels. We advised to make a buy position on lower levels. As per charts for today strong resistance level is 432 and support level is 423.

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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 Copper Updates and Commodity Tips For Today

Copper the leader of the base metals declined by 4.3 percent on the LME in last week on the back of re-emergence of European debt crisis, rise in risk aversion in global markets along with stronger dollar index. However further downside in prices was restricted on account of decline in LME and Shanghai Inventories by 0.1 percent and 7.3 percent respectively.

Base metals are expected to trade on a positive note today, taking cues from upbeat global market sentiments and optimism over Greece continuing to be a part of the Euro Zone.

Free Commodity Tips For Today

Commodity	Exchange	Strategy	Target 1	Target 2	Stoploss
Gold (Jun)	MCX	Buy Above 29000	29080	29200	28945
Silver (July)	MCX	Buy Above 56650	56650	56900	56440
Copper (Jun)	MCX	Sell Around 424	421	419	425.5
Aluminum (May)	MCX	Buy 110.6-110.8	111.8	112.8	110
Lead (May)	MCX	Buy Above 107.3	108.2	109.1	106.7
Crude Oil (May)	MCX	Sell Around 5055	5025	4990	5076
N. Gas (May)	MCX	Buy Above 151.5	154.5	157	149.4

 

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MCX Copper Updates and Tips For Today: 17th May

All base metals are expected to trade on a negative note today. Expect to continue the prevailing weak bias initially towards 417/414 or even more. A direct rise above 425 could negate chance of further selling pressure. Copper prices were also pressured by worries about growth in demand from top consumer China, with investors seeing Beijing's weekend move to cut banks' reserves to boost lending as an affirmation that the world's No. 2 economy is slowing further.

MCX Copper is trading in a downworth position have a immidiate support of 414 and a strong resistance of 428-433.

Copper and closed below 1 week low with volume signals down breakout in its last trading session. Currently Copper is in sell position. The Copper is in downtrend For short term but buy only if it get the level of 426 today. The Copper is now trading in highly oversold level.

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MCX Copper and Silver Updates For Today: 15th May

MCX Copper Updates

MCX Copper is looking bearish for medium and long term trading sessions. Currently copper is swinging between 420-430 levels. Now it is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend. The market sentiments are showing a sell signal for short term trading. In its last trading session it closed at 3 week low with a down trend. For Today we suggest to buy mcx copper above 429.6 with a stop at 422.4 and if it got below 420.6 go for sell.

MCX Silver Trend

MCX Silver has got more down trend then any other commodity. Customary selling bias may not be succeed without concrete trades below 53100 region and such failed attempts could amplify the buyers to take a toll towards 53900/54450 or even higher 54900. Break below 53000 could head out major selling pressure towards 52400/51000. We advise to make a fresh buy in mcx silver above 54293 with a stop at 53253, else below 52979 go for sell.

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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 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 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 and Silver Tips For Today: 8th May

MCX Silver Tips

Silver is expected to trade with a negative bias this week on the back of weak sentiments in the global markets and dollar strength. Silver will also take cues from fall in gold prices coupled with downside in base metals complex. The daily price suggest that prices have reversed after taking resistance at 57600 levels. RSI is in a sell mode and prices are trading below short term averages. We recommend a sell around 55350 levels with a stop loss placed above 56600 levels for a target of 54100 levels.

Copper Updates

Current moves are expected to continue towards the moving average support of 432-431 initially. At the same time Inability to clear below 431 may call for a bounce back and could target 444 later. We expect copper to come under pressure during the week taking cues from rising worries over global economic growth which has created demand concerns for the industrial metals. Additionally, deepening tensions with respect to Euro Zone debt crisis and a stronger dollar will also act as a negative factor for red metal prices.

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

MCX Silver Updates

Comex Silver is currently trading at $30.47 whereas MCX Silver July is currently trading at Rs. 56667, it is down by Rs. 79. Spot silver prices came under pressure on Wednesday and declined around 0.8 percent, on the back of fall in gold prices. On the other side MCX Silver suggest that prices have reversed after taking resistance at 56800 levels. RSI is in a sell mode. We expect prices to correct up to levels of 54100. Although it has a strong resistance at 57546 and a crucial support at 54055.

MCX Copper Updates

Three-month copper on the London Metal Exchange dipped $7.75 to $8,297.25 a metric ton (1.1023 tons) by 22:30 EDT (0130 GMT), after falling 1.6 percent on Wednesday- its biggest single-day decline since April 23. In MCX Copper is trading in consolidate frame between 440-448 levels, although mcx copper has a strong resistance at 449 and a crucial support level at 439. MCX Copper suggest that prices have breached the crucial support of 447. RSI is in a sell mode. We expect prices to correct up to levels of 439.

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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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