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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Free Commodity Tips and Trend For Today: 12th April '12

MCX Gold Trend

Intraday bias most likely to be on the negative side, which may test the downside support of 28250/28160 initially for a swing higher. Even in this intraday weakness, a vertical rise above 28500 region may show the way towards 28580/650 or even higher towards 28790.

MCX Silver Trend

Prices have been congested inside the range of 56500-55600 regions for the last few days. Though, either side breakout would be required for fresh directional moves, For the day, we favour a downside break out which could take prices lower.

MCX Copper Updates

Choppy with positive bias session is expected but it required to consistently trade above 419.50 to sustain the momentum. However, an unexpected sell off below 415 could resume prolonged selling pressure again.

MCX Crude Tips

As long as 5280 region holds the support, expect a push higher towards 5335/5360 territory. Slippage past 5280 levels could take prices lower targeting 5250/5230 areas. However, a scenario of a prolonged bullishness could open up if thrust past 5380 on a consistent basis.

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MCX, MCX Gold And Silver Tips For Today: 9th April '12

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MCX Gold Tips

MCX Gold is expected to trade lower during the week on the back of strength in the US dollar index coupled with weak sentiments in global markets. However, depreciation in the Indian Rupee may cushion sharp decline on the MCX. The daily price chart suggest that prices are trading near a crucial resistance of 28350 levels. MACD is in a sell mode. Immediate support is at 28200 levels where the short term averages are placed.

We Suggest to sell MCX Gold June Between 28400-28440, SL-28651, Target -27870.

MCX Silver Tips

In MCX Silver initial gains likely to face resistance at 56700 followed by a consolidation and drift lower. Prices have to successfully surpass 55000 to trigger long liquidation pressure. The daily price chart suggest that prices of MCX Silver have reversed after taking resistance at 58000 levels. RSI has given a negative crossover and prices are trading below short term averages.

We recommend a sell MCX Silver below 56700 levels with a stop loss placed above 57300 levels for a target of 55000 levels.

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MCX Gold Tips and Trend For Today: Crude Updates: 5th April '12

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Global stocks dropped more than 1 percent and gold tumbled 2 percent to a three-month low on Wednesday a day after U.S. central bank meeting minutes dented hopes for more economic stimulus and as a Spanish debt auction drew weak results.

Gold in the international market- it has seen a surge in silver. Comaks 0.7 per cent with the gold is trading at $ 1,625. In the domestic market 1.5 per cent fall in MCX gold on Wednesday, gold closed at around Rs 28,000.

Crude oil has seen nearly 1 per cent, the price is around 102 dollars a barrel. 1 per cent in the domestic market slipped on Wednesday, crude oil closed below Rs 5250.

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Gold Silver Updates with Free Commodity Tips For Today: 5th April '12

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MCX Gold Silver Updates

According to the research report Gold and Silver prices are expected to trade in a consolidate manner, taking cues from dollar weakness and upbeat market sentiments today. Prices slid listlessly after a gap down opening, which is likely to find support at 27900 region for a limited pull back .However, break below 27880 could elicit major selling pressure towards 27820/27700 or even lower towards 27620. Alternatively, break above 28120 region could see prices targeting 28220/28340.

Free Commodity Tips

MCX Gold June: Sell around 28,300 levels with a stop loss placed above 28,400 levels for targets of 28,100 levels.

MCX Silver May: Sell around 57,100 levels with a stop loss placed above 57,500 levels for targets of 56,500 levels.

MCX Crude April: Buy around 5,300 levels with a stop loss placed below 5,235 levels for targets of 5,450 levels.

MCX Natural Gas April: Buy around 112 levels with a stop loss placed below 109 levels for targets of 118 levels.

MCX Copper April: Sell around 438 levels with a stop loss placed above 441 levels for targets of 434 levels.

MCX Zinc April: Sell around 102.50 levels with a stop loss placed above 103.50 levels for targets of 101 levels.

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MCX Commodity Tips with Gold Silver Updates For Today: 2nd April '12

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MCX Gold Tips

In MCX gold June- the daily price chart suggest that prices have reversed after taking resistance at 28900 levels. RSI is in a sell mode and prices are trading below short term averages. We recommend a sell around 27800 levels with a stop loss placed above 28400 levels for a target of 27100 levels.

MCX Silver Tips

In MCX Silver May- the daily price chart suggest that prices have reversed after taking resistance at 58000 levels. Stochastic has given a negative crossover and prices are trading below short term averages. We recommend a buy above 56800 levels with a stop loss placed above 56200 levels for a target of 57500 levels.

MCX Crude Tips

In MCX Crude April- the daily price chart suggest that prices have given a breakdown from a rising channel. RSI has given a negative crossover and prices are trading below short term averages. Immediate support is at 5235 levels. We recommend a sell below 5235 levels with a stop loss placed above 5320 levels for a target of 5020.

MCX Copper Tips

In MCX Copper April- the daily price chart suggest that prices are taking support on the bottom to bottom rising trend line. Stochastic has given a positive crossover and prices are trading above short term averages. Immediate resistance is at 434 levels. We recommend a buy above 434 levels with a stop loss placed below 429 levels for a target of 440 levels.

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Live MCX Commodity Tips For 2nd April '12

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MCX Gold Tips

MCX Gold June as seen in the weekly chart above has initially moved sharply higher but found very strong Resistance at 28880 levels. Later prices fell sharply towards 28501 levels and finally closed marginally lower from the previous weeks closing levels.

MCX Silver Tips

MCX Silver May as seen in the weekly chart above has initially moved higher, and as expected found very good resistance at 57949 levels. Later prices fell sharply towards 56401 levels, and finally closed lower from the previous weeks closing levels.

Trading Call: Sell MCX Silver May below 57130, Stoploss: 58051, Target: 56200-55900.

MCX Copper Tips

MCX Copper April as seen in the weekly chart above has initially moved sharply higher, and as expected found strong resistance at 440.40 levels. Later prices fell sharply towards 428.60 levels and finally closed marginally lower from the previous weeks closing levels.

Trading Call: Sell MCX Copper April below 434.90, Stoploss: 439.50, Target: 427-422.

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MCX Gold Silver and Copper Updates For Today: 30th March '12

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MCX Gold Tips

Intraday penchant probably moving with a negative aspect targeting 27980/27930 or even lower 27800. Even in this bearish sentiments, unexpected move above 28300 region could claw back buying interest with an objective of 28400/28480 or even elevate to 28550

Trading Call: Buy around 28150 levels with a stop loss placed below 28050 levels for targets of 28425 levels

MCX Silver Tips

Probably a range trading session inside 58000-56100 is being expected for the day. Either side breakout would confirm fresh directional moves later. MCX Silver suggest that prices have reversed after taking support at 56500 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 57500.

Trading Call: Buy around 56800 levels with a stop loss placed below 56400 levels for targets of 57500 levels.

MCX Copper Tips

Copper prices are holding the middle bollinger band on closing, can test 434- 435 on higher end which seems a good resistance for the metal. Oscillators indicating range bound move ahead. MCX Copper has a intraday support at 426 and a resistance at over 435.

Trading Call: Buy around 431 levels with a stop loss placed below 428 levels for targets of 435 levels.

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Gold Silver Updates, MCX Silver Tips For Today: 29th March '12

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MCX Gold Tips

Our Commodity report suggest that Gold prices are taking support near a crucial support of 28100. Stochastic has given a positive crossover. We expect prices to go up to levels of 28425.

Trading Call: Buy around 28100 levels with a stop loss placed below 28000 levels for targets of 28425 levels.

MCX Silver Tips

MCX Silver suggested that prices are trading close to a crucial support of 56500. Stochastic has given a positive crossover. We expect prices to go up to levels of 28425.

Trading Call: Buy around 56500 levels with a stop loss placed below 56000 levels for targets of 57500 levels.

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MCX Gold Silver Tips and Copper Updates For Today

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MCX Gold Trend

Intraday weakness seen only by a solid breakout below 27730 region and such moves could find support at 27640/500 or even lower towards 27350. But failed attempts to break 27730 region may lure buying interest firstly towards 27920/28080 or even higher towards 28200.

MCX Silver Trend

To maintain a positive bias, prices still need to win over the upside hurdle of 57600 region and such moves could test upside region of 58200/58700 or even higher towards 59300. Conversely, a vertical fall below 56300 region may scale down prices towards 55800/55000 or even lower to 54600.

MCX Copper Trend

The auxiliary weakness is likely to find support near 430/429 region for a turn higher towards 435, above this level could see prices pushing higher towards 438/440 territory. Major weakness could creep in below 428 region targeting 426/424 area.

MCX Crude Trend

As long as 5435 region caps upside, expect prices to trade lower towards 5380 region. Break above the same could see prices targeting 5475/5500 region. On the contrary, fragment past 5375 region could see prices revisiting lows of 5350/5325 region.

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Free Commodity Tips: MCX Commodity Updates For Monday

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Commodity Highlights

• Gold ends flat, down 3 percent for the week.
• Crude up on iran supply worries, weak dollar.
• Copper firms on us data; shanghai stocks weigh.
• Indian spices trade up.

Here are technical levels for Monday's trading-

Commodity	Month	Trend	Support 1	Support 2	Resistance 1	Resistance 2
Gold	April	Consolidate	27600	27350	28152	28450
Silver	May	Consolidate	56200	55230	58300	59450
Crude Oil	March	Consolidate	5214	5250	5434	5502
N. Gas	March	Consolidate	112	107	122	126
Copper	April	Consolidate	432	427	440	444
Nickel	March	Consolidate	972	963	986	991
Aluminum	March	Consolidate	104.85	104.1	106.95	108.2
Lead	March	Consolidate	103.6	101.2	107.65	110.15
Zinc	March	Consolidate	101.4	99.2	105.6	106.9

 

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MCX Gold and Silver Commodity Tips For Today: 12th Mar '12

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MCX Gold Tips

Spot gold prices traded on a flat note in the last week. MCX Gold April contract rose slightly around 0.1 percent during the week on account of depreciation in the Indian Rupee.

We expect gold prices to come under pressure during the week on account of dollar strength, as a stronger dollar makes dollar denominated commodities look expensive for the holders of other currencies.

MCX Gold April: Support 27820/27560 Resistance 28220/2847

MCX Silver Tips

Spot silver declined sharply by 1.6 percent in the last week. The white metal touched a low of $32.41/oz during the week and closed its trading session at the level of $34.18/oz on Friday. MCX Silver May contract increased by 2 percent last week.

We expect silver to trade lower this week, taking cues from fall in. gold prices, a stronger dollar and choppy sentiments in the markets. Silver will also take cues from movement in base metals pack.

MCX Silver May : Support 58540/57600 Resistance 60350/61000

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MCX Gold and Silver Trend and Commodity Tips For Monday: 12th Mar '12

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Gold in the domestic market - concern is dull silver. Gold and silver in the international market is improving. Greece to approve a bailout from the international market, gold is up. Despite weakness in the rupee against the dollar on MCX Gold remains sluggish. The latest inflation figures as well as in China are very good. Lower levels of inflation in China has slipped 20 months. Investor confidence resulting gold - silver is showing returns. MCX gold is trading at Rs 27984 with idling. At the MCX, silver has been grossly Rs 59123.

Initial slowdown in the domestic market in gold is intact, although there is still gold to Rs 28,000. Now with the initially ended at Rs 58 866 in the silver business is slow. Comaks on the bed - it has seen a slowdown in silver.

Here are Intraday Strategies for Traders-

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss	Trend*
MCX Gold (Apr)	Buy	above 28060	28130	28300	27960	Sideways
MCX Silver (May)	Buy	Above 59070	59400	59840	58600	Sideways
MCX Crude (Mar)	Buy	Above 5345	5400	5440	5310	Sideways
MCX Copper (Apr)	Buy	424-426	430	435	420	Sideways

 

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MCX Gold and Silver Trend For Today: 7th Mar '12

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MCX GOLD

MCX GOLD April contract was trading at Rs 27821.00 down Rs 26.00, or 0.09%. It touched an intraday high of Rs 27972.00 and an intraday low of Rs 27805.00. So far 10640 contracts have been traded. Gold dropped more than 2 percent with heavy volume yesterday as investors worried more about the possible Greek default. However, all the investors are awaiting for US Non Farm Payrolls data later to this week followed by the outcome of Policy statement from FOMC next Tuesday. Early trading today, the pressure on gold is visible. Despite weakness in the rupee against the dollar on MCX Gold remains sluggish. However Comaks down after tomorrow there is a slight edge. MCX gold fluctuation between the business is around Rs 27850.

MCX SILVER

MCX SILVER May contract was trading at Rs 57766.00 up Rs 58.00, or 0.10%. It touched an intraday high of Rs 58062.00 and an intraday low of Rs 57622.00. So far 12513 contracts have been traded. Silver on MCX has gained 0.5 per cent and beyond Rs 58,000 is reached.

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MCX Gold and Silver Tips For Today: 6th Mar '12

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MCX Gold

On March 06, 2012 gold prices were trading mixed in India. In the Ahmedabad market Standard gold (99.5 purity) was up Rs 155 at Rs 28080 and pure gold (99.9 purity) was up Rs 145 at Rs 28200. Prices seen consolidating after the recent fall. So when look ahead, If prices hold the upside stumbling block of 28170 region could elicit selling pressure towards 27930/850 or more towards 27750. But concrete trades above 28170 region may magnetize the upside resistance of 28220/38310 could even higher 28430.

MCX Silver

Today, silver prices declined in major metros in India. In Chennai market, Pure silver (999 purity) was down Rs 1800 at Rs 57000 and in Delhi market it was down Rs 700 at Rs 57800. Prevailing selling pressure if failed to surpass below 58000 might call for a turn higher towards 59200/59900 or even more. Meanwhile, a direct dip below 58000 liquidation pressure will focus towards 57500/57000 later.

MCX Bullion Tips and Trend For Today-

COMMODITY	MONTH	CLOSE	S2	S1	R1	R2	TRADING VIEWS
GOLD	AP R	27948	27600	27800	28250	28400	Sell Around 28025 / 28050, Sl 28150, Tgt 27850 / 2772
SILVER	MAY	58430	57225	57800	59325	59900	Sell Around 58900, Sl Abv 59500, Tgt 58400 / 5800

 

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MCX Gold Silver Tips For Today: 5th Mar '12

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MCX Gold (APR)

MCX Gold is Following the sharp sell off witnessed in the last week, prices have been consolidating in the range of 28150-27750 levels. Even any of the side violation is required to suggest fresh directional moves. For intraday, we expect a burst downside and take prices towards 27700 or further more. 

Here are some intraday levels for mcx gold-                                                      

	Technical Levels
R3	28620
R2	27370
R1	28150
Pivot	28000
S1	27800
S2	27540
S3	27150

MCX Silver (MAY)

While below the recent swing support of 59500 prices have more room for further selling pressure possibly till 58800/58000 or even more. However unexpected pullbacks above 59900 could negate our intraday bearish expectations. 

	Technical Levels
R3	63400
R2	61600
R1	59900
Pivot	59200
S1	58500
S2	57000
S3	54300

Medium Term Trading Strategy

Buy MCX Gold April contract at Rs 27,900 - 27,850 with stop loss Rs 27,800 and target Rs 28,000 and Rs 28,125.

Buy MCX Silver May contract at Rs 59,750 - 59,500 with stop loss Rs 59,000 and target Rs 60,750 and Rs 61,200.

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MCX Gold Tips For Today: Gold May Touch Its High Today

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Gold futures ended turned around and ended sharply lower on Wednesday after Ben Bernanke hinted that he saw no need for further monetary support in the near term. In the long term he maintained that accommodative monetary policy would prevail. It was the biggest 1 day drop for gold in more than three years in the US. India gold futures recovered partially on Friday from their lowest level in a month as physical traders hunted for bargains to meet wedding season demand, dealers said.

On March 02, 2012 gold prices gained in the major metros in India. In the Mumbai market Standard gold (99.5 purity) was up Rs 105 at Rs 28060 and pure gold (99.9 purity) was up Rs 100 at Rs 28180. In Jaipur market, standard gold (99.5 purity) was up Rs 150 at Rs 28100 and pure gold (99.9 purity) was up Rs 150 at Rs 28125.

Intraday Trading Strategy

Buy MCX Gold April contract above Rs 28050 with stop loss Rs 27900 and target Rs 28,190-28,100.

Buy MCX Silver May contract at Rs 59,250 - 59,000 with stop loss Rs 58,700 and target Rs 60,500 and 61,000.

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MCX Gold Silver Tips and Trend Tor Today: 2nd March '12

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Gold rebounded almost 1.5 percent yesterday, as investors to buy at lower prices on hopes the tumble was a healthy correction rather than the start of a bear market. However, open interest in gold futures in COMEX declined 3.6 percent on Wednesday after a steep plunge in prices. Gold hit an intra-day high of $1725/oz and ended its trading session at the level of $1715/ yesterday. On the MCX, Gold April contract declined slightly by 0.1 percent on Thursday and touched an intra-day low of Rs27,730/10 gms.

Spot silver prices surged sharply by 2.5 percent on Thursday, mainly taking cues from rise in gold prices coupled with upbeat sentiments in the global markers. Silver being an industrial metal also took cues from upside in base metals yesterday. The white metal hit an intra-day high of $35.62/oz and ended its trading session at the level of $35.4/oz on Thursday. MCX Silver May contract rose around 1 percent and touched an intra-day high of Rs58,771/kg yesterday.

Technical Outlook For Bullions

Commodity	Unit	Support	Resistance
Spot Gold	$/oz	1712/1698	1732/1745
MCX Gold Apr’12	Rs/10 gms	27774/27606	28066/28190
Spot Silver	$/oz	35.15/34.68	35.93/36.40
MCX Silver May'12	Rs/kg	60076/59443	61261/61890

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MCX Gold and Silver Tips For Today, MCX Crude and Copper Tips

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Gold and silver witnessed a very sharp downfall after Fed Chairman Ben S. Bernanke affirmed that interest rates are likely to stay low at least through late 2014 without offering any indication that further monetary easing is under consideration. Both had rallied for 11 straight months due to European Debt Crisis, easy monetary stance by major central banks and inflationary pressure in the developin.

We suggest that

In Bullions

MCX Gold April: Sell around 28,000 levels with a stop loss placed above 28,200 levels for targets of 27,600 levels.

MCX Silver May: Sell around 60,000 levels with a stop loss placed above 60,600 levels for targets of 59,000 levels.

In Other Commodities-

MCX Crude March: Sell around 5,300 levels with a stop loss placed above 5,360 levels for targets of 5,200 levels.

MCX Natural Gas March: Buy around 127 levels with a stop loss placed below 124 levels for a target of 135 levels.

MCX Copper April: Sell around 425 levels with a stop loss placed above 430 levels for targets of 419 levels.

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Free Commodity Tips For MOnday : 27th Feb '12

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Free Commodity Tips For Monday

MCX Gold April: Sell around 28,630 levels with a stop loss placed above 28,780 levels for targets of 28,450 levels.

MCX Silver March: Buy around 58,450 levels with a stop loss placed below 58,100 levels for targets of 59000 levels.

MCX Crude March: Buy around 5,380 levels with a stop loss placed below 5,355 levels for targets of 5,430 levels.

MCX Natural Gas March: Sell around 135 levels with a stop loss placed above 143 levels for a target of 129 levels.

MCX Copper February: Sell around 415 levels with a stop loss placed above 421 levels for targets of 403 levels.

MCX Nickel February: Sell around 985 levels with a stop loss placed above 997 levels for targets of 965 levels.

MCX Lead February: Sell below 105.40 levels with a stop loss placed above 107.50 levels for targets of 101 levels.

MCX Zinc February: Sell below 100.60 levels with a stop loss placed above 102 levels for targets of 96 levels.

NCDEX Steel Long March: Buy around 33,400 levels with a stop loss placed below 33,200 levels for targets of 33,700 levels.

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