25 June may be a big day for the mcx future market and also for the traders and investors who trade in futures. It is expected that there is a very special surprise that is close to come today by FMC for the commodity future trading.Forward Markets Commission (FMC) is about set the guidelines for algorithmic (Algo Trading) in commodity future trading. The official announcement is going to take place in next few days bu the thing is that our market is yet not ready for this radical change.
What is Algo Trading ?
Algo Trading is basically done with the help of software. With the help of this automated software buying/selling of commodities takes place automatically according to the preset formula. With the launch of this software commodity trading will accelerate itself. The reason is all the traders and investors will be able to do trade in micro seconds.Algo trading may be used for any kind of investment strategy.
Although the FMC also admits that there aren't enough infrastructure for the launch of this new system.According to the news sources, on the mcx platform the algo trading is at the par. Some broking firms are also providing these facilities.With the use of it Liquidity in the market is growing.
MCX Trading Tips 25 June 2012
MCX Crude Updates:-
MCX Natural Gas Tips :
BUY ABOVE 150.00 TARGET 1: 154.90 TARGET 2: 160.00 SELL BELOW : 144.50
SELL BELOW 141.00 TARGET 1: 138.60 TARGET 2 : 134.90 SELL ABOVE : 146.20
MCX COPPER UPDATES:-
Copper is likely to find support at Rs. 414.2 per kg and Rs. 412.2 per kg and resistance at Rs. 420 per kg and Rs. 423 per kg.
What is Algo Trading ?
Algo Trading is basically done with the help of software. With the help of this automated software buying/selling of commodities takes place automatically according to the preset formula. With the launch of this software commodity trading will accelerate itself. The reason is all the traders and investors will be able to do trade in micro seconds.Algo trading may be used for any kind of investment strategy.
Although the FMC also admits that there aren't enough infrastructure for the launch of this new system.According to the news sources, on the mcx platform the algo trading is at the par. Some broking firms are also providing these facilities.With the use of it Liquidity in the market is growing.
MCX Trading Tips 25 June 2012
MCX Crude Updates:-
Crude Oil Trend Levels (June Futures ) For 25 June 12
TREND
| Bearish |
RESISTANCE 2
| 4720 |
RESISTANCE 1
| 4670 |
SUPPORT 1
| 4510 |
SUPPORT 2
| 4420 |
STRATEGY
| Buy on lower Levels |
MCX Natural Gas Tips :
BUY ABOVE 150.00 TARGET 1: 154.90 TARGET 2: 160.00 SELL BELOW : 144.50
SELL BELOW 141.00 TARGET 1: 138.60 TARGET 2 : 134.90 SELL ABOVE : 146.20
MCX COPPER UPDATES:-
Copper is likely to find support at Rs. 414.2 per kg and Rs. 412.2 per kg and resistance at Rs. 420 per kg and Rs. 423 per kg.