HomeArchive for 2013
Base Metal Trend: Copper Updates With Zinc Trend
Copper Updates
Copper declined from a one-month high as China’s money-market rates surged and after U.S. payrolls rose less than forecast, curbing the demand prospect for the metal in the top users. The contract for delivery in three months on the London Metal Exchange fell as much as 1.1 percent, the most since Oct. 9, to $7,249.75 a metric ton and traded at $7,261.75 by 3:13 p.m. in Tokyo. The price lost 8.4 percent this year. It touched $7,350 yesterday, the highest intra-day level since Sept. 20. Technical chart of Copper suggest that prices have reversed after taking support of 450 level. RSI is in a buy mode. We expect prices to go up to levels of 460.
Zinc Trend Today
MCX Zinc had fallen sharply in September. From the high of 136.90, it has reached the medium-term rising trendline. The base metal found support near the trendline, but couldn’t convert it into a significant bounce. Since the last few days, the price is consolidating near the trendline and has formed a bearish wedge pattern. The daily upper Bollinger Bands is acting as a key resistance. Thus the commodity is expected to tumble down from the current level. Unless the swing high of 120 is crossed on a closing basis, the commodity can test the recent low of 113.5.
Natural Gas Trend with Commodity Updates
International Commodity Updates
The U.S. economy has been hurt by a recent budget standoff in Washington and it is important that the nation does not go through another around of brinkmanship, Treasury Secretary Jack Lew said on. The Federal Reserve should be "extraordinarily careful" about hiking interest rates to head off potential risks to financial stability, a top U.S. central banker said on Friday, warning about consequences to the economy. China's cabinet called for greater effort in revamping the economy because a recovery is not yet solid, seeking quicker progress on restructuring industry and increasing consumption while guarding against risk and protecting people's livelihoods.
LME Inventory for Nickel advanced by 720 tonnes on Monday. London copper futures edged up on Friday, supported by data showing China's economy grew as forecast in the third quarter, although concerns its upward momentum may be short-lived limited price gains.
Natural Gas Trend
Natural gas futures bounced back from a seven-day low to close modestly higher on Friday, as investors returned to the market to close out bets on lower prices after futures move into oversold territory. Meanwhile, market participants continued to focus on weather forecasts to gauge the strength of demand for the fuel. On the New York Mercantile Exchange, natural gas futures for delivery in November inched up 0.19% on Friday to settle the week at USD3.764 per million British thermal units.
MCX Gold Tips: Gold will stay Positive Today
Gold prices at COMEX rebounded Wednesday to recoup much of Tuesday’s big loss as the reality of the U.S. government shutdown sank in and the debt-ceiling battle loomed on the horizon. Gold also found support following disappointing data on U.S. private-sector employment. Data showed private-sector jobs rose by 166,000 in September, which was below forecasts, and August’s job gains were revised down.
Some physical buyers of precious metals see the recent drop in gold prices as a “huge opportunity, especially in view of the U.S. budget crisis and the impending U.S. debt limit crisis,” And among gold’s supportive factors was “overall safe-haven flows” into assets such as U.S. bonds and the Japanese yen.
Earlier, Gold at international bourses traded near two-month low on Wednesday as the first US government shutdown in 17 years caused investors to sell the precious metal, prompting already jittery traders to believe there could be more liquidation.
MCX Gold Tips
Technically the trend of MCX gold futures is consolidate to bullish and is expected to continue with the trend for the day. we suggest that MCX Gold has a consolidate trend with a strong support at 29750-29820 range and resistance at 30250-30300 range. Buy on dip has been suggested with a stop loss of below 29750.
Base Metal Tips: Aluminium Updates Today
Aluminium Updates
From the low of 96.65 MCX Aluminium did a multi-month rally. The rally turned out to be a three-wave rise where the third leg almost achieved 1.618 times the equality of the first leg. The base metal hit the long-term falling trendline and suffered a near vertical fall. From there aluminium has fallen sharply. It has reached near the medium-term rising trendline. Unless the trendline (108.50) is broken on a closing basis, the commodity can go for a short-term bounce. The daily momentum indicator has given a buy signal and is in line with the expected bounce. The key levels on the upside are 113 and 115.
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Base Metal Trend,
MCX Tips
Commodity Trend: Bullion are On Positive Side Today
European equities are trading higher on the back of Federal Reserve’s decision to maintain the pace of QE until the economic conditions stabilizes. Asian markets also traded on a positive note and US futures are also trading in the green. UK Retail sales declined by 0.9 percent in August as compared to a gain of 1.1 percent in July. Confederation of British Industry (CBI) Industrial Order Expectations increased to 9-mark in the current month.
Indian Rupee appreciated by more than 2 percent as a result of Federal Reserve stance of maintaining easy monetary policy. Further, weakness in the DX supported an upside in the currency. The Rupee touched an intra-day high of 61.645 today till 4:30 pm IST. Spot Gold traded on a flat note and rose on the back of weakness in the Dollar Index (DX) and upbeat global market sentiments. The yellow metal hovered around $1365/oz till 4:30 pm IST. In the Indian
markets, gold prices gained around 1.2 percent.
Spot silver traded on a flat note taking cues from upside in base metals prices. Weakness in the DX and upbeat global market sentiments also supported gains. The precious metal touched an intra-day high of $23.18/oz till 4:30 pm IST. The near month silver contract gained around 3 percent on the MCX. Base metals pack on the LME traded on a positive note due to upbeat global market sentiments. Weakness in the DX, which was due to Fed’s decision of keeping the pace of QE constant until the jobs market improve, supported gains in the base metals prices.
LME Copper prices rose around 1.8 percent taking cues from Fed’s decision of easy monetary policy and upbeat global market sentiments. Decline in inventories by 0.6 percent to 568,575 tonnes added to the upside in prices. The red metal touched an intraday high of $7345/tonne till 4:30 pm IST. The MCX Copper prices declined by more than 1 percent due to Rupee appreciation.
Tag :
Commodity Updates,
MCX Trend
International Commodity Trend: COMEX Updates
Spot gold prices declined 0.8 percent today on the back of fall in SPDR Gold holdings. However, upbeat global market sentiments and weakness in the DX prevented sharp fall. In the Indian markets, gold declined by around 2 percent due to Rupee appreciation touching an intraday low of Rs.29410/10 gems till 4:30 pm IST. Spot silver prices declined by 1.7 percent, taking cues from decline in gold. However, weakness in the DX and upbeat global market sentiments cushioned sharp downfall. On the MCX, silver declined around 2.7 percent on account of Rupee appreciation and hovered around Rs.48866/kg till 4:30pm IST.
The base metals pack traded on a mixed note today as Lawrence Summers who was expected to be aggressive with QE taper withdrew from Fed candidature, easing market concerns and mixed economic data from the Euro zone. Weakness in the DX and upbeat global market sentiments added to the upside in prices on the LME. On the MCX, base meals pack declined due to Rupee appreciation. LME Copper prices gained 0.1 percent on the withdrawal of Lawrence Summers from Fed candidature and weakness in the DX. Decline in inventories by 0.5 percent to 574,675 tonnes acted as a positive factor. However, concerns regarding QE taper before the FOMC meet this week prevented sharp gains. The near month copper contract declined by 1.6 percent due to Rupee appreciation.
Nymex crude oil prices declined by 1.3 percent as the concerns regarding the US-Syria military war has faded owing to proposal by the US to Syrian president Bashar al-Assad to submit an inventory of toxic weapons in a week. Weakness in the DX prevented sharp decline in prices. MCX crude oil prices declined by around 3 percent due to Rupee appreciation.
COMEX Trend with MCX Bullion Updates
Bullion Updates:
Gold slumped heading for its biggest weekly loss in more than two months, on speculation the U.S. Federal Reserve will taper asset purchases and as Goldman Sachs Group Inc. predicted further declines. Bullion for immediate delivery fell as much as 1 percent to $1,308.18 an ounce. Spot Gold is currently trading at $1315.60. MCX Gold Oct is currently at Rs. 29774, it is trading down by 273 points for the day. Comex Silver is currently trading at $21.78 whereas MCX Silver Dec is currently trading at Rs. 49773.
Comex Trend:
Federal Reserve Chairman meeting next week are poised to take two steps that appear inconsistent. They will probably lower their estimates for growth for this year and next for the third consecutive time. Simultaneously, they are forecast to start scaling back the $85 billion in monthly bond purchases they have been relying on to stoke the recovery. Borrowing costs increased on the mere mention at Bernanke’s last press conference, following the June policy meeting, of a tapering of bond purchases sometime this year.
Commodity Trend, FOREX Updates Today: 5th Sep
FOREX Updates:
The dollar traded near 100 yen amid speculation signs of improvement in the U.S. economy will compel the Federal Reserve to taper its quantitative-easing program as early as this month. The greenback advanced toward a six-week high against the euro before private U.S. reports projected to show employment increased and the service industry expanded. The Bank of Japan left its unprecedented bond-buying program unchanged today at the conclusion of a two-day meeting.
Commodity Trend Today:
Gold fell a second day, extending the biggest drop in a month, on expectations for reduced stimulus in the U.S. and limited military strikes against Syria. Bullion for immediate delivery lost as much as 0.7 percent to $1,381.35 an ounce. Spot Gold is currently trading at $1388.50. MCX Gold Oct is currently at Rs 32488, it is trading down by Rs 154 points for the day. Comex Silver is currently trading at $23.36 whereas MCX Silver Dec is currently trading at Rs 54627, it is down by Rs 369.
International Commodity Updates Today: 4th Sep
European markets are trading on a negative note today as US is moving closer towards a war with Syria. US stock futures trading on a flat note and Asian markets ended on a mixed note. Spanish Services Purchasing Managers' Index (PMI) increased by 1.9 points to 50.4-mark in August as against a rise of 48.5-level in July. Italian Services PMI was at 48.8-level in August from 48.7-mark a month ago. European Retail Sales rose by 0.1 percent in July as compared to decline of 0.7 percent a month earlier.
UK’s Services Purchasing Managers' Index (PMI) rose by 0.3 points to 60.5-mark in August as against a rise of 60.2-level in July. Spot gold prices declined around 0.8 percent today on the back of weak global market sentiments coupled with decline in SPDR holding However, sharp downside in prices was cushioned as result of weakness in the DX. In the Indian markets, gold declined by 3 percent due to appreciation in the Rupee.
Spot silver prices declined today by 1.6 percent taking cues from fall in gold prices and downside in base metals. Weak global market sentiments added to the downside. On the MCX, Appreciation in the Rupee led to decline in the prices of the white metal. Base metals on the LME are trading on a negative note on the
increased likelihood of the US Syria war and the QE tapering concerns from the Federal Reserve. However, favorable economic data from the Euro Zone and UK prevented sharp fall. In the Indian markets, Rupee appreciation led to fall in the prices on the MCX.
UK’s Services Purchasing Managers' Index (PMI) rose by 0.3 points to 60.5-mark in August as against a rise of 60.2-level in July. Spot gold prices declined around 0.8 percent today on the back of weak global market sentiments coupled with decline in SPDR holding However, sharp downside in prices was cushioned as result of weakness in the DX. In the Indian markets, gold declined by 3 percent due to appreciation in the Rupee.
Spot silver prices declined today by 1.6 percent taking cues from fall in gold prices and downside in base metals. Weak global market sentiments added to the downside. On the MCX, Appreciation in the Rupee led to decline in the prices of the white metal. Base metals on the LME are trading on a negative note on the
increased likelihood of the US Syria war and the QE tapering concerns from the Federal Reserve. However, favorable economic data from the Euro Zone and UK prevented sharp fall. In the Indian markets, Rupee appreciation led to fall in the prices on the MCX.
COMEX Gold Silver Updates and Base Metal Trend Today
COMEX Gold Silver Updates
With the Chinese economy obviously turning away a sharp downturn as reflected in the manufacturing plant information perusing at 50.1 for August, copper and silver fates got on the Comex. The overview turned out emulating the official PMI figures- -51.0 contrasted with 50.6- - from China, which additionally demonstrated extension. Silver has an incredible arrangement of modern provisions expediting a trip. We are most likely stabilising, yet its set to be a pretty frail to even recuperation.
Silver on the Comex for conveyance on December 13
was seen exchanging at $24.218/oz, an increase of $0.705 or 3.00% starting 11.10 AM IST. Copper on the Comex for conveyance on December 13 was seen exchanging at $3.307/oz, an addition of $0.068 or 2.11% starting 11.12 AM IST.
Silver on India's MCX for conveyance on September 5 was seen exchanging at 53100 a kilogram a misfortune of 0.21%. Copper for conveyance on November 29 was seen exchanging at Rs.487.85 a kilogram, an increase of 0.18% starting 11.04 AM IST.
With the Chinese import arbitrage window closedfor the greater part of August and Shanghai copper premiums having fallen near $40/t from their crest, cathode shipments initially designated for China could be progressively occupied to LME warehouses.
Base Metal Trend:
MCX Copper November futures have quick support of 481 level and on breaking the same, has next support of 475 levels. While to the upper side, costs have resistance of 491 rupturing it and supporting above the same might take it to 496 levels. MCX Nickel September costs have an intraday uphold of 915 level while safety level is seen at 945 level.
In the interim Barlcays in a report noted that copper and aluminium could be "the most engaging shorts at current costs. We see potential for copper to drift above $7,000/t in the fleeting before arriving at new lows into the year end; and we see aluminium and copper as the most alluring shorts at current costs.
Tag :
COMEX Updates,
MCX Tips
27th Aug Evening Updates: Crude Oil Call For Today: Technical Bullion Level
Crude Oil Call For Today
Crude is prone to rupture contract high in today's trades that is situated at Rs 6927 on MCX. The costs shut at Rs 6868 Yesterday. The Support level for crude oil is at Rs 6835 and 6818. The volumes have seen a minor dunk in final session to 80236 kgs. Open investment was at 38551 relentless from a week ago. If crude will get the 7045 level in today's trading then we can see 7200 level in tomorrow's session. For Today we suggest to wait for the 7045 level then only Buy MCX Crude oil for the Target of 7180-7200.
Commodity Updates (Evening)
Bullion metals are in perfect bullish trend due to a stronger trend in USD. Comex gold has got 1400 mark today. As the resulted MCX Gold has also breached the 32850 level as day's high. All Commodities are in full bull trend. We suggest to Buy Gold and Silver for 2-3 days trading.
Technical Levels For Gold: MCX Gold has strong support at 32300 level and after that 32000, while a resistance level can be in a range of 33100-33300.
Technical Levels For Silver: MCX Silver has a strong resistance at 56000 for intraday trading and a support level at 54800 on down side.
Evening Bullion Updates and Live MCX Tips For 13th Aug '13
Bullion Updates
Bullion metals recouped to its most elevated in practically two weeks on delicate U.s. data and as possessions on the biggest gold trade exchanged store climbed without precedent in two months. Property in SPDR Gold Trust developed 0.2 percent to 911.13 tonnes on Friday -the first expansion since June 10. However, strength in the DX prevented sharp upside movement in prices. Appreciation in the Indian Rupee prevented sharp upside in prices on the MCX.
The fund has seen in excess of 14 million ounces in surges in the not so distant future, about $19 billion at current costs. Surges from Etfs have had a huge sway on gold, which has lost around the range of 20 percent of its worth in 2013. Moguls have been leaving gold energetic about higher-yielding stocks as the metal's safehaven request has been imprinted by a recouping U.s. economy.
Live MCX Tips
Sell MCX Gold around 29000 with a stop loss placed above 29200 for targets of 28500 Intraday
Buy MCX Silver at 46100 For Positional (2-3 Days) Target of 48200 with a stop loss placed below 45300.
MCX Live Tips: MCX Gold May Show its Strength Today
MCX Gold has Positive Trend Today
The yellow metal prices at MCX seen in a positive frame today. The Gold price gained despite crash in COMEX prices and weak global cues. It was trading around Rs 29000 per 10gm levels.
Indian rupee hit record low at 61.6 levels topped further misfortunes in gold costs. The Indian Rupee depreciated around 0.7 percent in yesterday’s trading session. Desires on that U.s. Central bank will moderate the pace of security buys and as property in the greatest bullion-sponsored trade exchanged item swayed yellow metal costs.
In last trading session MCX gold prices traded on a positive note and gained around 3.7 percent on account of depreciation in the Rupee and closed at Rs.28,923/10 gms after touching a high of Rs.29,049/10 gms yesterday. Today October gold rose to a high of 27966 Rs/10gm as of 01.29 pm IST and is expected t trade negative in near term on weak global cues. Intra-day support is now seen at 27500, 27300 and resistance is at 28000 & 28180.
Live MCX Tips
Buy MCX Aug Copper between 444-445 levels, with stop loss at 441, Target at 450/451
Silver Trend and Evening Intraday MCX Strategy for Today with Gold Updates
Gold Updates
After the close vertical fall in April, gold had taken back close to the enduring climbing trendline. It merged there for a few weeks, which took manifestation of a triangular trend. The trend broke out on the downside and the cost tumbled sharply. It accomplished the balance focus on the downside and the value has begun moving higher. On the upside, the yellow metal is relied upon to climb till $1,394-1,410. The inversion could be tightened to $1,268. On Domestic market Gold is trading bullish on MCX. However MCX gold has a strong resistance level at 28600 today, it it brock this level then it will stay in bullish frame for rest of this month else below 28000 level today it will turn to consolidate trend. Silver Trend
Silver has been falling in a channelised way since the most recent not many months. It has framed a channel inside a channel. On the downside, the white metal split through various past lows and arrived at the more level end of both the channels. It has realized the medium-term balance focus on the downside. Since then silver is in a recuperation mode. It has framed a heading cornerwise on the upside, and has done a minor-degree adjustment and has begun crisp climb. The every day energy marker is additionally heading towards the north as well as the cost. The key level on the upside is at $21.80. The inversion could be trailed to $19.13. Silver is up by more then 1200 points on intraday trading. Looking more bullish above 44300 level. Buy on Lower level for intraday strategy.Intraday Stregies For Today
Buy MCX Gold on lower level, Silver is also looking bullish Buy MCX silver above 44100 level today.Free Commodity Tips>MCX Tips>NCDEX Tips>Commodity Updates Today
We provide Intraday and positional tips in all segments of MCX and NCDEX commodity, In that you will get Free tips in MCX Base Metals, MCX Gold and Silver Tips, NCDEX Agri Tips, MCX Crude Calls. With these you will get live commodity updates on Copper, Gold Silver and Crude Oil. you all regularly watch our MCX intraday tips are best tips in India . We ensure you that you will get at least 30% of your capital on every call which we provide from here. We invit to take a free trial of our commodity calls by just simple fill the free trial form. For Live MCX updates stay connected with us.
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MCX Tips: Commodity Market is bearish Today
Commodity Market is bearish Today
As the currency updates suggest that Rupee open on a weaker note today against the US dollar. All commodities are also following the same trend now. Talking about bullion Gold silver both are looking down for intraday trading. MCX gold has crossed its support level at 27700 level. While silver has checked 41000 level today. Talking about base metals all are trading in red. Silver is trading sideways to bearish and traders are advised to book profit in narrow range for the day.
MCX Tips and Calls
MCX Gold Tips: Sell below 27550 level with a stop loss at 27700 levels for targets of 27100.
MCX Silver Tips: Sell at 40900 level for the target of 40000 level with a stop loss above 41500.
Crude Oil Call: Sell crude oil below 6450 with a stop loss at 6520 level for targets of 6340.
MCX Copper Call: Sell MCX Copper at 428 for the target of 424 level with a stop loss at 431.
Raghuram Rajan is appointed as the RBI Governor: Know Raghuram Rajan
Mr. Rajan recent statements and views:
* The RBI and Government are on the same page and working together to ensure stability and growth of the economy.
*On INR - Stabilising the battered rupee is a priority,
*On Growth - RBI's action in this regard must not hurt growth too much.- "The RBI has come up with measures to put stability in the exchange rate. With these measures I hope there should not be serious consequences to growth. We must try to ensure that growth is not diminished,"
*On Monetary Policy - "The priority for monetary policy now is to restore stability in the currency market so that macro-financial conditions remain supportive of growth," even though it admitted that growth recovery is likely to be slower.
*On CAD - The Finance Ministry will in the next few weeks announce some "specific" measures to enable stable and sustainable funding of the current account deficit. "Consequently, we believe CAD will be brought down significantly this year regardless of the outside world. Of course, if growth picks up in Europe and US, CAD will come down faster".
*Recent measures not reactive/ not an external looking policy maker - "one should not see the proposed measures as "one-off" or those driven by the US policy measures of tapering its bond purchase programme." "Our measures here are not when the US tapering will start. Financing has to be stable, sustainable and additional-not cannibalise existing sources of financing by creating a new source of financing".
Mr. Rajan's Previus Roles
. Mr. Rajan is currently the Chief Economic Adviser to the Government of India
. He formerly was the chief economist of the International Monetary Fund (IMF)
. His previous work with the Indian government includes his helmsmanship of a Planning Commission-appointed committee on financial reforms, and as honorary economic adviser to Prime Minister Manmohan Singh.
. Finance minister P. Chidambaram and Rajan have helped lead a government push since September'12 to revive investment, woo foreign inflows and avert a credit-rating downgrade
. His efforts include steps on the recent tightening measures and the push to encourage foreign investments
Mr. Rajan's Qualifications:
. Graduate from the Indian Institute of Technology, Delhi with a bachelor's degree in electrical engineering
. Post Graduate Diploma in Business Administration at the Indian Institute of Management Ahmedabad
. PhD in management from the Massachusetts Institute of Technology (MIT)
MCX Tips with Copper Updates: Buy MCX Gold
MCX Gold Tips
The Current MCX Gold trend suggest that prices have reversed after touching the initial level of 28200. RSI is in a sell mode. Our technical expert suggest that prices to correct up to levels of 27500. Over all here is a consolidate to bearish trend for MCX Gold. MCX Gold Tips: Sell MCX Gold Oct around 27900 levels for the target of 27500 level with a stop loss above 28200 level.
Copper Updates
Technical chart of Copper suggest that copper prices have get the initial resistance level of 430. Still RSI is in a buy mode. We expect prices to go up to levels of 440. MCX Copper bullish further buying expected till 438 level.
MCX Premium Tips For Gold and Silver
MCX Premium Gold Tips
A spot gold cost expanded by 0.21 percent on Friday on the once more of shortcoming in DX. Further, frail US Non-Farm Payrolls information underpinned price to exchange green. Nonetheless, blended worldwide market conclusions as well as the decrease in SPDR gold trust possessions topped sharp climb in the Price. In the Indian Markets, gold costs climbed by 0.48 percent taking signals from Intl spot gold costs. Further, deterioration in the Indian Rupee underpinned costs to exchange on positive note. Gold costs touched an intraday High of 28173/10gms and shut at 28068/10gms.
We expect that spot gold costs will exchange on the positive note on the once more of shortcoming in Dollar Index (DX). Further, unacceptable Non-ranch Payrolls information and Factory Orders information from US blur the desire around the speculators that the US Federal Reserve might begin trimming bond purchasing programme soon on current status while we have an bullish trend we suggest to Buy MCX Gold on lower level to get Premium profit as MCX Premium Gold Tips
MCX Premium Silver Tips
Spot Silver costs expanded by 1.63 percent on Friday taking signals from climb in spot gold costs coupled with upside in the base metals packs. Further, shortcoming in DX as well as the decrease in US Unemployment rate backed costs to exchange green. In the Indian Markets, silver costs climbed by 1.51 percent taking signals from Intl spot silver costs. Further, deterioration in the Indian Rupee backed costs to exchange on positive note. Silver costs touched an intraday high of 42600/kg and shut at 42034/kg.
We expect that spot Silver price will exchange on the positive note on the back of shortcoming in DX. Further, unacceptable Non-ranch Payrolls information and Mill Orders information from US blur the desire around the expert that the US Federal Reserve might begin trimming bond purchasing programme soon. this may enactment as a positive element for the costs. Furthermore, desire of positive investment information from UK and Euro Zone might back costs to exchange green.As the MCX gold trend is going on upside Silver may also get a bull trend in near future. We suggest to Buy Silver on lower levels as MCX Premium Silver Tips.
Commodity Trend and Updates and MCX Gold Tips For Today
Commodity Updates and Trend Today
Due to Dollar strength Gold prices declined in the international market. COMEX gold is trading 1.5 % lower at $1292 from its previous close. However, due to weakness in Indian rupee MCX Gold price are down in the domestic market. MCX gold is trading around 27900.
In MCX, Gold trend is looking consolidate to bearish. Might get more bearish after getting 27790 level and may fell to 27400 level today. We suggest to sell MCX Gold on higher level.
Silver is also trending weak on technical charts. With a loss of 1.34 per cent on MCX, silver is trading below Rs 41000. However, COMEX Silver is up by 1 % and is trading at $ 19.5.
MCX Gold Tips
In MCX, Gold trend is looking consolidate to bearish. Might get more bearish after getting 27790 level and may fell to 27400 level today. We suggest to sell MCX Gold on higher level.
Silver is also trending weak on technical charts. With a loss of 1.34 per cent on MCX, silver is trading below Rs 41000. However, COMEX Silver is up by 1 % and is trading at $ 19.5.
Crude oil futures on India's Multi Commodity Exchange (MCX) for August delivery hit its highest in 2013 on Friday amid positive global cues. The trend in MCX crude oil is bullish and is seen trading with high volatility MCX crude oil for August delivery was seen trading up by 0.99% at Rs.6621 per barrel as of 10.18 AM IST on Friday. Base metals showing a mixed trading momentum. Copper has dropped down to Rs 425. Aluminum is down by 0.2%. Nickel is also some strength. Lead and zinc are dull.
Commodity Tips Today: Market may Face A Intraday Bearish Trend
Commodiy Trend Today
The Trading pattern in gold futures for August delivery is looking in a bearish face today on MCX is negative on selling pressure and brokers are encouraged to take short position for the day.For intra-day trading, Support for the Gold is seen at 28000 and 27790 levels while Resistance levels range is been looking in 28700-28990 levels. MCX gold futures for August delivery was seen dealing around 0.84% at Rs. 28190 for every 10 grams starting 06.09 PM on Wednesday. On Thursday morning, gold developed its increases moving its misfortune recorded in the prior sessions. Then again, toward the evening the yellow metal has altered its course on offering force and recorded a decay.
While MCX silver is also down by 0.5 per cent to Rs 41350. MCX crude oil is trading around Rs 6430 down by 0.3 percent of the previous close. Natural gas was down 0.5 per cent and trading at Rs 210.
MCX base metals are looking down by 0.2-0.4%. Copper is down 0.2 per cent trading at Rs 421. Aluminium is down by 0.4%, 0.25 per cent nickel, lead and zinc by 0.3 per cent to 0.2 per cent has weakened.
Commodity Tips Today
All commodities are looking in a bearish trend for intraday trading today. We suggest to sell Bullion on higher levels. We suggest to sell Bullion on the Current level and hold the base metals till their support level. For sure shot tips Please fill the trial form.
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Commodity Tips,
Commodity Trend
Copper Updates With Silver Trend : MCX Tips Today
Copper Updates
The trading pattern in copper futures for August delivery on MCX is unstable and brokers are encouraged to remain wary while taking positions for the day. Devaluation of Indian Rupee against US Dollar was seen topping the decrease in the base metal price to certain degree in the local market on Tuesday. As of now Indian Rupee deteriorated by 0.86% against US Dollar.
For intra-day, resistance for the Copper is seen at 412.5 and 416 levels while support levels are seen at 409 and 406. MCX copper for August conveyance was seen exchanging up by o.17% at Rs.411.55 for every kilogram starting 03.02 PM IST on Tuesday. Copper futures for September delivery on Globex stage of COMEX was seen exchanging around 0.67% at $3.087 for every pound starting 03.16 PM IST on Tuesday.
Silver Trend Today
Since May, MCX Copper has formed a pullback rally. It has retraced 61.8% of the previous fall and at that key Fibonacci level copper has formed a distribution since the last few weeks. In terms of the price pattern, it has formed a distribution triangle and has broken out on the downside recently. Thus, the red metal can be considered to have resumed with the larger downtrend. The daily momentum indicator has triggered a bearish crossover. The short-term targets on the downside will be 393.30 and 390. The reversal can be tightened to 416 on a closing basis.
MCX Tips Today
MCX Gold Tips: Sell around 28200 with a stop loss of above 28500 for targets of 27700.
MCX Silver Tips: Sell below 41000 with a stop loss at 41600 for targets of 40000.
Crude Oil Tips: Buy above 6230 with a stop loss placed below 6180 for targets of 6320.
Commodity Market Today: MCX Bullion Tips and Crude Oil Updates
MCX Bullion Tips
Talking about Bullion both precious metals gold and silver are facing a bearish trend. The price of gold may be slumping, but central banks are not keen buyers as of now, if the latest data from IMF is anything to go by. MCX Gold has strong resistance at 27716 for today, if Gold rush through this level then it may get the 28053 level today and on the down side a possible support level is looking in a range of 27012-26786. On the other has the white metal Silver has also a bearish trend with a strong support level at 40449 and it looking to get 39742 level if it cross its resistance level. However MCX Silver has a resistance at 42444 and 43336 level. As MCX Tips For Today we suggest to sell Bullion Metals on higher level for today's trading.
Crude Updates
We anticipate that Crude price will trade on the negative note on the back of mixed trend from international market. Further, weak financial data from China and US might include downside force the costs. Notwithstanding, ascent in stresses over supply disturbance because of progressing agitation in Middle East as well as shortcoming in DX might pad sharp succumb to the price. In the Indian Markets, gratefulness in the Indian Rupee might include downside force the costs. Overall MCX Crude has consolidate to bullish trend with resistance level at 6366 and 6469 and support level at 6188 and 6096 level. For Today We suggest to Buy MCX Crude on lower levels as today's Crude Tips.
Commodity Updates: MCX Zinc about to topple
Commodity Updates
MCX Zinc formed a large ending diagonal and tumbled down sharply from there. It has done a pullback, which has remembered 78.6% of the past fall and from that key Fibonacci level it has begun falling by and by. On the down trend, it has broken a transient climbing trend line. Lead has framed a bearish banner example beneath the trend line, which demonstrates that the following round of offering is around the corner. The daily momentum indicator that has been showing a negative divergence has triggered a bearish crossover. Thus, the base metal is poised for a fall till 105.70-103.70 from a short-term perspective. A reversal can be placed at 111.30 on a closing basis. Copper rose on Wednesday, the fifth session of modest gains, after upbeat economic data from the United States and the euro zone, but gains were capped by signs that China's economy is stalling. Data from the world's biggest economy showed U.S. new home sales hit a five-year high in June and manufacturers increased output in July at the fastest rate in four months. Copper Updates: Copper off lows after China PMI
Copper Updates For Today
Copper off lows after China PMI, gold moves higher Copper futures were moving near one-and-a-half month highs today after at first declining on the back of powerless Chinese manufacturing data, while gold was additionally exchanging near six-week highs. On the Comex division of the NYMEX, copper for September futures exchanged at USD 3.207 a pound, throughout European morning hours, 0.26% higher for the day. Copper futures fell 1.24% to lows of USD 3.165 throughout the Asian session after DATA indicated that Chinese manufacturing movement drooped to a 11-month flat in July, adding to indications of a lull on the planet's second biggest economy. The preparatory perusing of China's HSBC assembling obtaining supervisors' list tumbled to 47.7 in July, from a last perusing of 48.2 last month. Experts had anticipated that the list will ascent to 48.6. A perusing beneath 50 demonstrates a withdrawal. Copper continued to be supported after China’s premiere said Tuesday that economic growth must remain above 7%. Last week’s China’s central bank said it was removing the lower limit on interest rates for banks, to help spur growth. Gold futures for August delivery traded at USD1,343.05 a troy ounce during European morning hours, 0.63% higher for the day. Comex gold rallied to a six-week high of USD1,347.85 a troy ounce on Tuesday, as a bout of technical buying kicked in after prices broke above a key resistance level.
MCX Tips and Call Today with Commodity Updates
Commodity Updates
Gold price universally are prone to climb as a weaker dollar can back costs. Then again, moderating request from India and proceeded surges from ETF's can keep costs in reach.
We anticipate that Crude oil costs will venture out in front of inventories information and US corporate profit without much fanfare.
Base metals are relied upon to go up on desires of additional changes by China in its duty to depend less on fares and ventures and depend progressively on utilization driven development. In any case, moguls might remain wary in front of China, US and Euro assembling PMI information tomorrow
MCX Tips and Call for Today:
MCX Copper Tips: Buy MCX Copper by maintain a stop loss for this trade at Rs 416 for a target of Rs 422.
Crude Oil Call: Sell MCX crude and keep a stop loss for this trade at Rs 6550 for a target of Rs 6390-6350.
MCX Gold Tips: Hold MCX gold with a stop loss of 27800. For More Please Fill Free Trial Form.
COMEX Gold Silver Updates: MCX Gold Tips Today
COMEX Gold Updates
After the close vertical fall in April, gold had taken back close to the enduring climbing trend line. It consolidated there for numerous weeks, which took manifestation of a triangular example. The example broke out on the downside and the value tumbled sharply. It accomplished the fairness focus on the downside and the value has begun moving higher. The every day force marker is indicating a positive disparity and has triggered a bullish hybrid. In this manner, the yellow metal is relied upon to climb work $1,380-$1,400. An inversion has been kept up at $1,207.50.
COMEX Silver Updates
Silver has been falling in a channelised way since the most recent not many months. It has structured a channel inside a way. On the downside, the white metal split through different past lows and arrived at the more level end of both the channels. It has attained the medium-term fairness focus on the downside. The every day energy pointer is indicating a positive uniqueness and has triggered a bullish hybrid. Subsequently, unless the swing level of $18.64 breaks, the white metal is relied upon to show a plunge recuperation. The crux level on the upside is at $21.50.
MCX Gold Tips
The trend in gold futures for August delivery on India's Multi Commodity Exchange (MCX) is positive and the yellow metal is expected to continue with the trend for the day. For intra-day, resistance for the commodity is seen at 27400 level while support is at 26700 and 26500 levels. Traders may buy at lower levels. MCX gold for August delivery was seen trading up by 1.60% at Rs.27131 per 10 grams as of 02.24 PM IST on Monday. We suggest to Buy MCX Gold for intraday trading on lower levels.
MCX Calls Today: Copper Updates and Crude oil Trend Today
Copper Updates
The potential for Copper making progress is getting restricted while the trading band is expanding fundamentally. Last night, the differential between the highs and lows was Rs 10, which is truly high and demonstrates the level of instability this business has been confronting. Caution is hence prompted in Copper moves. The costs are required to get frail close Rs 419 for every kg, which is the introductory back zone for Copper. The offering can take it near Rs 414 for every kg.
Crude Oil Trend
MCX Crude is in a consolidate trading range as the incredulity for further pullback rally in costs look faint. The costs devised a workable plan to corner a few increases of Rs 53 for every barrel and settled at Rs 6295 for every barrel. Going advance the top of Rs 6350 and 6400 is close. The costs are required to succumb from those levels to move down. Intriguing to note, that open investment in the close month contract has demonstrated consistent decrease in most recent not many days. Indeed, the volumes have declined to 103563. The base for this agreement is at Rs 6210 for every barrel levels.
MCX Calls
MCX Call For The Day: SELL MCX CRUDE AROUND 6350-6360, TARGET 6270 STOPLOSS AT 6410
17 July Evening Commodity tips for today | Live trading metal tips and MCX commodity updates and MCX chart
Gold moved on Wednesday yet stayed close to a three-week high, as the dollar picked up in front of distinctly anticipated congressional confirmation by US Federal Reserve Chairman Ben Bernanke later in the day. Bullion costs have exchanged a tight extend in the course of the final not many sessions as moguls held once again on huge wagers in front of the confirmation, which they trust will give a reasonable standpoint with respect to the Fed's USD 85-billion month to month bond buys.
The trend in crude oil futures for July delivery on MCX is looking in a range bound of 6100-6400 for this month. Today also it is trading at 6252 up by 10 points. For today crude oil has a strong resistance at 6300 level. Break out of any of the sides of the range is expected to give clear direction to the commodity prices.
Technical Levels For MCX Gold
MCX Gold has now modified support level at 26000 and 25700 for today on the other side if gold rally upto the 26700 level then it may get 27000 level today.
MCX Calls
MCX Gold: Sell around 26550 levels with a stop loss placed above 26700 levels for targets of 26000.
MCX Copper: Sell around 416 levels for targets of 405 with a stop loss placed above 421.
MCX Natural Gas: Buy around 218 levels with a stop loss placed below 215 levels for targets of 225.
NCDEX Updates: Commodity Tips Today: Sell Gold Silver on High
NCDEX Updates
The trend in turmeric August futures conveyance on NCDEX is extent bound and 5800-6050 is the possible go for the commodity. Then again, the Commodity may witness short covering at current levels. Break out of any of the sides of the reach 5800-6050 is expected to give clear trend to the ware costs. NCDEX turmeric for August conveyance was seen exchanging around 0.8% at Rs.5984 for every 100 kgs starting 10.59 AM IST on Tuesday. Turmeric spot costs neglected to record an up-tick on Monday because of quelled request. Turmeric arrivals in Erode and Nizamabad spot markets were around 2500 packs (1bag=70kgs) and 2000 sacks, separately.
Commodity Tips
MCX Gold: MCX Gold Aug futures trend seems weak on technical chart intraday traders can sell MCX Gold on rise. A strong support range is seen in range of 26300-25900. On upside resistance range is seen at 26600-27200. We advised to Sell MCX Gold on Higher levels.
MCX Silver: As the Bullions are looking weak today, MCX Silver Sep. futures is also looking bearish, Intraday traders can sell on dips Major support is seen in range of 40800-39800. While resistance is seen near 41500-42300. We suggest to sell Silver on High as today's Commodity Tips.
Gold and Silver Updates For Today: 15th March
Gold Updates
Indian gold imports fall 80 percent in June’13. Aggressive and stringent measures applied by the RBI and the government led to a sharp fall in gold imports. For the month of June’13, gold imports fell sharply by 80 percent to just 32 tonnes as against 162 tonnes seen in May’13. When compared to imports in June’12, the decline was 36 percent. Fall in gold imports will help to curb the CAD and in effect also have a positive impact on the Rupee. Gold is India’s second-largest import after crude oil and for the month of April’13, gold’s import bill touched $7.5 billion. During April-May’13, gold and silver imports accounted for $15.8 billion in the import bill. Combined Indian gold-silver imports in June’13 were $2.5 billion
Silver Trend
Weekly Price Performance: Last week, Spot Silver prices increased sharply by 5.6 percent and crossed the crucial $20/oz mark. A bullish trend is expected in silver prices over the week, due to increase in goldprices. Further, upside in base metals complex along with weakness in the DX will support an upside in prices. In the Indian markets, depreciation in the Rupee will act as a positive factor for prices on the MCX In ETF Performance, Holdings in the iShares Silver Trust increased around 1.3 percent in the previous week to 10,185 tonnes as on 12th July 2013.
Tag :
Bullion Trend,
Gold Silver Tips
MCX India Commodity Trend: Gold Silver and Copper Tips Today
MCX GOLD SUPPORT & RESISTANCE FOR TODAY Major support in MCX Gold is 25777 and 25574 Major resistance in MCX Gold is 26301 and 26535
MCX Strategy for Today's Commodity Trading
SILVER
For today traders can use sell on higher level strategy if Silver sustains below the level of 39300, and below 38160 it can further correct. Trade by keeping the proper stop losses.
CRUDE
Crude oil is bullish for today So traders can use buy on lower level strategy if MCX Crude sustain above the level of 6113 by keeping the proper stop loss.
Copper
For today 412 and 416 will act as major resistance and 404 and 400 will act as major supports. Its likely to say on which side copper will trend today due to its consolidate trend. We suggest to intraday traders to Sell Copper on higher levels today.
MCX India DATA
- Gold climbs to 1-week high on china inflation; fed minutes in focus.
- Copper dips as china inflation reinforces growth worries.
- Crude oil edges lower after imf cuts global growth forecast.
- Brazil bumps up record corn, soybean forecasts.
Gold Updates: MCX Goldguinea August Contract Trades Firm
Gold Updates
Rising costs and the drop in gold prices in first quarter have already put some gold miners in the uncomfortable position of having to consider hedging production. When prices dipped to the $1,320s area, it started to come close the marginal cost of production plus sustaining capital expenditures, called all-in costs. Estimates of those costs range between $1,200 and $1,300.
So on average, how much did it cost in total to dig up an ounce of gold? The answer is it depends on companies mining in different region of the world. Mining in Canada is much more cost efficient than mining in South America.
MCX Goldguinea Trend
MCX GOLDGUINEA July contract is trading with a gain of 0.47% at Rs 20951 up by Rs 97. It has got the intraday high of 20999 in early session of today's trading. Till now 3437 contracts have been traded. GOLDGUINEA prices have moved down Rs 530, or 2.47 percent in the July series so far.
MCX GOLDGUINEA August contract was trading at Rs 21031 up Rs 83, or 0.40 percent. The GOLDGUINEA rate touched an intraday high of Rs 21080 and an intraday low of Rs 20981. So far 541 contracts have been traded. GOLDGUINEA prices have moved down Rs 675, or 3.11 percent in the August series so far.
MCX India : Commodity Market Report | Weekly Commodity Updates and Gold Silver Trend | 8 July MCX Intraday Target
Bullions
Bullion futures on the worldwide market are required to witness a further succumb to the advancing week, as arrival of playful US non-farm payrolls data has raised fear up in the market that the Federal Reserve may move back its merchandise strong security purchasing program soon. Prior, US Fed Chairman Ben Bernanke had said the Fed may decrease bond purchasing program later in the not so distant future, if the US economy presses on to show change. Friday, the US Labor Department reported an expansion of 195,000 occupations in June, superior to market want. Moreover, dollar picked up sharply after the arrival of employments information and is relied upon to ascent further. Immovability in the dollar might put extra descending force on bullion fates one week from now. A firm greenback makes purchasing of dollar-named products more unmanageable for other cash holders
Base Metals
Base metal futures are seen trading down one week from now, as arrival of upbeat US non-farm payrolls data has brought fear up in the market that the Federal Reserve may decrease its security buy program soon. Climb in the dollar record in the wake of supporting US information is likewise anticipated that will manufacture descending force on base metals. Copper prospects enlarged their prior misfortunes on Friday, falling by more than 2% after an improved than needed perusing on the U.s. work market. Copper is touchy to movements in the investment viewpoint due to its far reaching use in numerous businesses. A stronger U.s. economy could goad the Federal Reserve to check its stimulus. The focal bank's income sans work arrangements have backed costs of copper and different wares. The U.s. economy included 195,000 occupations in June, the Labor Department said on Friday, more than the 160,000 increase economists had envisioned. Copper fates had exchanged at about $3.10 a pound in front of the report. Costs drooped at an opportune time Friday, making up for lost time with Thursday's misfortunes in other copper markets. COMEX floor exchanging was shut on Thursday for Independence Day.
Gold Silver Levels
Gold has turned positive as holding above 25700, immediate resistance is seen near 26300 , 26700 and 27136. If market hold and close below 25700 on daily basis then bearishness will be back in market. Next support is around 25300 and 24700 ranges. Traders can consider buy on dips around 26000-25900.
MCX Silver is looking in a consolidate mode today, In last session it was closed above 40000 mark satteled at 40290. Looking in buying mode now having a strong support at 39600 level it has a resistance level at 41000 level today. Buy* on low suggested for today
*(Buy Silver only above 40400 level Today)
Crude Updates: Buy Crude on dips, Sell Bullion Metals | Commodity Tips Today
Crude Updates
Us Crude Oil climbs on decrease in stock-heaps, Middle East pressures. WTI Crude futures climbed above $101 for every barrel on Thursday after Us crude oil stock-heaps recorded a higher than needed decrease. crude oil costs in the worldwide market likewise upheld by enduring political strains in the Middle East. US crude oil futures for August conveyance on NYMEX was seen exchanging up by 1.81% at $101.41 for every barrel starting 10.25 Am Ist on Thursday.brent crude for August conveyance on NYMEX was seen exchanging around 0.17% at $105.55 for every barrel starting 10.24 Am Ist on Thursday. US Market crude oil inventories (prohibiting those in the Strategic Petroleum Reserve) diminished by 10.3 mn barrels as on 28 June from the past week.
Commodity Tips Today
- MCX Gold trend suggest that prices have breached the crucial resistance of 26000 levels. RSI is in a sell mode. We expect prices to go up to levels of 26100 today. Expert say that Sell MCX Gold on Higher levels.
- Silver current trend suggest that prices have breached the crucial resistance of 40700 levels today. Now its time to move back with a sell position, Silver trend is in Sell mode. We expect prices to go up to levels of 40000 today
- Crude Oil Trend suggest it will show its strength in evening session today, However it is down by 20 points and trading at 6019. We suggest to Buy Crude oil on Dips Today
Crude Gold Silver are Bullish, Commodity Expert Suggestion: MCX Calls Today
Crude oil has recovered strongly. MCX crude oil has gone beyond Rs 6,100. Indeed, even today, crude oil in the international market has grown rapidly. Weakness in the rupee has got support from domestic crude oil. The deepening political crisis in Egypt NYMEX of crude oil has reached the upper end of 14 months. The MCX crude oil is trading at Rs 6105 with 3 per cent, While natural gas has risen 0.5 per cent higher at Rs 220.
Rupee weakness in the domestic market help gold to cure up about 0.5 per cent in today's trading. In the international market Gold has been extremely sluggish today, while MCX silver has gone up by 1 percentage. Notably in the U.S. non-farm payroll data this week is expected. MCX Gold is currently trading at Rs 26184 and silver is trading at Rs 40505.
Weak rupee has recovered strongly in the base metal, while Antrrrashtryy market is idling. With 1.5 per cent on MCX Copper is trading above Rs 423. Aluminum 1 per cent, 0.8 per cent nickel, 0.9 per cent lead and zinc gained 0.75 per cent. The ECB is meeting on Thursday on the London Metal Exchange is idling. MCX due to weakness in the rupee on edge all the metals are traded.
MCX Calls For Today
- MCX Gold (August Futures): Buy - 26190, stoploss - 26100 and the target - 26350
- MCX Silver (Sept Futures): Buy - 40700, stoploss - 40400 and Target - 41100
- MCX Crude oil (July Futures): Buy - 6130, stoploss - 6090 and target - 6200
- MCX Copper (August Futures): Buy - 422, stoploss - 419 and Goals - 426.5
Tag :
MCX Crude Tips,
MCX Gold Tips
MCX Evening Tips Today: 2nd July, Gold-Copper support and resistance for today
In the wake of breaking down from the sideways consolidation, gold saw a sharp decrease a week ago. The decrease was a clean five-wave decrease. After a five-wave decay, we ordinarily get a entrancement of the five-wave decrease according to the Elliott wave rule. The every day force pointer indicated an oversold perusing, which shows a close term ricochet is around the corner. In the final exchanging session, it broke out of the descending slanting channel.
We anticipate that gold will exchange with a positive inclination going ahead for focuses of $1,331, which is the 61.8% of the fall, and $1366, which is the 40-day exponential moving normal. The pivotal backing is set at $1,180, which is the level it touched in the final exchanging session.
Spot gold recovered after a monstrous drop in a week ago drawing in deal purchasers however an in number dollar and any desires for unanticipated decreasing of quantitative moving by the Us Federal Reserve made the metal more susceptible to further pushing. Costs are creeping up for the third straight sessions, upheld by Chinese physical purchasing and specialized skip back. An improved than needed Us monetary discharges in the later time opened space for the Us Federal Reserve to maneuver down overall monetary stimulus.
Gold For Today
Current Gold trend suggest that prices have breached the crucial resistance of 26000 levels. RSI is in a buy mode. We expect prices to go up to levels of 26500.
Copper Levels For Today
Current trend for Copper suggest that prices have got the crucial resistance of 413 levels. RSI is in a buy mode. We expect prices to go up to levels of 421.
MCX Tips Today
Buy MCX gold around 26100 levels with a stop loss placed below 25900 levels for targets of 26500
Buy Crude oil around 5840 levels with a stop loss placed below 5790 levels for targets of 5960
Buy MCX Copper around 416 levels with a stop loss placed below 413 levels for targets of 421.
Tag :
Gold Call,
MCX Tips Today
MCX Tips Today: Bullion Updates with Gold Silver Tips
Bullion Updates
On Domestic market Gold has shown its strength on Monday. Gold futures pushed higher for a last session on Monday, proceeding a bounce back from close to three-year lows as some saw the metal's droop as a great purchasing chance. The most actively exchanged contract, for August was as of late up $12.70, or 1%, at $1,236.40 a troy ounce on the COMEX division of the New York Mercantile Exchange
MCX Gold Tips
The current trend for MCX gold futures is looking weak on technical charts even after last bullish session. Traders are sell their current position. We think that gold may see a down side again. Intraday traders can sell MCX gold for today. MCX Gold has strong resistance level at 26150, 26385 and 26560. While support levels are looking in range of 25820-25620-25450.
MCX Gold Tips: For today we suggest to sell MCX Gold on 26150 for the target of 25800 level with SL above 26280.
MCX Silver Tips
Mcx Silver Sep. futures contract is looking frail on outline, day traders can Sell Silver on higher levels. Major Support is seen in extent of 40700, 40200 and 39600 levels. While significant support is seen near to 41700, 42400 and 43100 levels.
MCX Silver Tips: Day traders can Sell Silver on 41700 level for Target of 40700 and 40200 with stop loss at 42400
Commodity Data Released Now, MCX Gold Silver to witness short covering this week
Gold and silver on Mcx collided with easier levels a week ago. Crude picked up on popularity from moguls while copper was still on the borderline of a defeat. Mcx copper exchanged the reach of 406-413 last week. The ware saw flat instability on Chinese standpoint.
Algorithmic exchanging with mechanical advertise positions advertised steep fall in gold and silver costs. Persevering back off in Chinese economy and miserable state of issues in European economy guaranteed the wares stayed in bearish zone. Appeal from shippers kept Crude oil in positive domain.
Commodity Data
- Mcx gold for August conveyance might exchange sideways to down without much fanfare. Short blanket is normal at more level levels. Help: 24800, 24000; Resistance: 26300, 27100
- Mcx silver for September conveyance might exchange bearish without much fanfare. Pitch on ascent is encouraged to the traders. Help: 39000, 38000; Resistance: 41700, 41999
- Mcx Crude oil for July conveyance might exchange with negative inclination without much fanfare. Underpin: 5550, 5310; Resistance: 5850, 5890. MCX crude oil traded in the range of 5570-5867 last week. Depreciation of Indian Rupee to 60.5 levels against dollar capped further fall in crude oil prices.
- Mcx copper for June conveyance is relied upon to exchange sideways without much fanfare. Help: 398, 389; Resistance: 418,420
Crude Updates with Natural Gas Trend: Tips and Suggestion
Crude Oil Updates
The proceeding clash in Syria and the moderate spread of brutality in the locale around it press on to make it challenging to correctly anticipate what's to come for oil sends out from the region and that is giving back to raw petroleum costs. Inside Syria itself, generation had fallen into decrease something like ten years back, after the present battle started. The accelerate drop in the course of the most recent two years has, then again, been substantially more memorable. As Energy Export Data browser noted from the Bp detail survey, processing fell by 49% last year.
Natural Gas Trend
In a not-so famous move, the Manmohan Singh-advanced Indian government has climbed the Natural Gas costs by essentially twofold. The expansion in the costs will be made viable from April one year from now. As an aftereffect of the climb in costs of common gas, power levy, urea cost, and auto gas i.e. Cng costs are situated to ascent altogether. The new costs will be altered according to the new equation recommended by a board headed by the Prime Minister's budgetary guide C Rangarajan. This will be the first correction in gas costs in three years.
The equation utilization enduring and spot fluid gas (LNG) import contracts and also universal exchanging benchmarks to touch base at an intense cost for India.
MCX Suggestion For Today
MCX Gold Sell on higher levels.
MCX Silver: Sell on higher level.
Crude Oil: Trend Consolidate Today.
Tag :
Commodity Trend,
MCX Tips
Commodity News and Data For Today: MCX Gold will stay Bearish
Commodity Data News
After a sharp fall in the international market, gold-silver has shown a little strength and get a pivot level. COMEX gold is trading with a gain of 0.75 per cent, although prices are only around 1,240 dollars per ounce. In silver, it is trading with a gain of nearly 1.25 percent. But the prices are around $ 18 per ounce.
On the other hand in agri markets MCX cardamom July contract may trade in a consolidate trend with buying sentiments today. Expectations of steady spot markets may influence cardamom futures. Now MCX cardamom has a strong Support at 730-725 level and a resistance at 765-772 levels. Buy on lower levels is been suggested. Commodity updates are MCX Cardamom July contract were down by 2.15% on Wednesday.
NCDEX barley for July delivery may see some short covering today. Barley has some support at 1339-1328 level and Resistance trend is in between 1391-1402 levels.
For today MCX Gold and silver both a trading bearish. We suggest to sell Bullions on higher level today.
Tag :
Commodity News,
MCX Suggestion
MCX Tips Today| Evening Commodity Updates| MCX Bullion Trend
Commodity Updates
The pattern in gold futures for August conveyance on India's Multi Commodity Exchange (Mcx) bearish for the day and intra-day traders are encouraged to pitch on ascent. For intra-day, uphold for the thing is seen at 25800 while safety is seen at 26500. Mcx gold fates for August conveyance was seen exchanging around 2.26% at Rs. 25948 for every 10 grams today. Physical interest for bullion remained stifled in Asia by putting force on the gold costs to certain degree. Gold in the universal market declined to its most minimal in the almost three years on Wednesday compelled by solid value market and Us Federal Reserve's want to withdraw its money related stimulus. Then, Us customer certainty moved in June to its crest in more than five years. Us single-family home deals touched to their most noteworthy practically five years in May.
MCX Bullion Updates
Gold and silver prices at India's Multi Commodities Exchange (Mcx) collided with more level levels; the ware saw high offering as costs dove. Gold for August futures is trading at Rs 26020 down by of 2.03%. Silver for July futures is exchanging down at Rs 39,400 with a loss of 3.11%. Gold and Silver both are trading on a bearish trend due to the weak global market updates. Selling on higher levels suggest by our experts.
MCX Tips Today
- Sell MCX Gold around 25900 levels with a stop loss placed above 26100 levels for targets of 25500.
- Buy MCX Crude Oil around 5700 levels with a stop loss placed below 5650 levels for targets of 5800.
- Buy MCX Copper around 400 levels with a stop loss placed below 395 levels for targets of 410.
Tag :
Commodity Tips Today,
MCX Tips
MCX Gold Silver Copper Tips and Trend
MCX Gold aug expiry future keep going shut at 26539 with loss of 186 rupees.in intraday mcx gold future made high close to 26800 while level was close to 26500.total 300 rupee intraday range and benefit booking proceeds from investors. here anticipate that 26200 will 26k levels in intraday for today.on upside 26800-26900 remain major supply zone.
MCX Silver jul expiry future keep going shut at 40620 with misfortune of 214 rupees.in intraday mcx silver future made high close to 41100 while level was close to 40300.total 800 rupee intraday range and proceeds downtrend.here for today underneath 41200 hold short on ascent see for focus on 40k then after that 39k.
MCX Copper jun expiry future keep going shut at 403.3 with increases of 2.5 rupees.in intraday mcx copper future made flat at 393 while high was close to 407.total 14 rupee intraday range and specialized skip backs from support.here beneath 408 hold shorting view for same 398 and 394 target once more.
Tag :
MCX Tips
MCX Silver Price Today: LIVE MARKET TIPS
MCX SILVER July contract was trading at Rs 43781 per kg, up Rs 235, or 0.54 percent. The SILVER rate touched an intraday high of Rs 44039 and an intraday low of Rs 43610. So far 11468 contracts have been traded. SILVER prices have moved down Rs 21229, or 32.65 percent in the July series so far.
MCX SILVER September contract was trading at Rs 44375 up Rs 208, or 0.47 percent. The SILVER rate touched an intraday high of Rs 44640 and an intraday low of Rs 44230. So far 327 contracts have been traded. SILVER prices have moved down Rs 12944, or 22.58 percent in the September series so far.
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Commodity Trend Today: LIVE MARKET TIPS
International market updates suggest that there has seen weakness in gold and silver. COMEX Gold is trading with a loss of 0.25 percent. Although prices are above 1,383 dollars per ounce. Weakness in silver with 0.5 percent and its trading around $ 21 per ounce.
The move also appears dull crude oil, Brent crude slipped marginally to around $ 104 per barrel is intact. Crude oil traded flat on the NYMEX being seen. Although prices are above $ 95 per barrel.
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