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To provide MCX Tips- Gold Silver Live updates, Commodity Trading levels, Live news and updates on Various commodities like crude, copper, zinc, nickel etc, and exclusive tips on individual commodities. 
We are a bunch of experienced traders and technical analysts with both practical and technical knowledge of market. We track the market trend analysing the technical charts and fundamentals and provide tips accordingly.
Live MCX Commodity trading tips trend and updates for today Thursday 05 July 2012
MCX Market Updates:- Even as
commodities prices have fallen sharply in the current financial year,
most Indian manufacturing companies’ margins are not expected to go up
in the near future, thanks to a host of issues, including a sharp fall in
the rupee and lower demand from the infrastructure and construction
sector.Prices of
metals are up between 0.6 and 0.8 per cent, while that of commodities
like rubber fell sharply. However, the falling rupee has made the
situation lose-lose for producers as well as consumers. The rupee fell
over nine per cent in the first quarter of the current financial year.
MCX
Gold Silver Trend:-
Well the Wednesday seemed good from the point of view of trading of
commodities.There was a bounce back in the Indian currency Rupee
against the dollar which supported the demand for the gold in the
international market.In the previous week the weakening rupee was supporting the gold in the domestic market to become more
costly.Although the precious metals gold and silver are trading with
a slight decline in the international market. Comex gold was at $1617
with a down of 0.25% while the silver is trading at 28
dollars per ounce with a fall of 0.30%. The Indian rupee gained a
strength which made the gold prices to trade at 29581 with a up of
0.37%. If
the Indian rupee gains some strength against the dollar this trend of
gold will continue on Thursday 5 July 2012.
MCX
Crude Oil Trend:-
Nymex crude oil is trading with a 1 per cent sharp decline. The price
is at 86 dollars a barrel. On Wednesday, MCX crude oil in the domestic
market traded with strength of 0.5 per cent to Rs 4779. Today's crude
oil trend will depend upon the demand concerns of market investors.
Aluminium Trend & Updates:- MCX Aluminium is good to buy and dips in prices till Rs 106 per kilogram or Rs 105.70 per kilogram. Place a stop loss of Rs 104.90 per kilogram with a target of Rs 107.50 per kilogram.
Hence
After analyzing commodity market trend for today 5 July 2012 We
recommend following commodity support & resistance level for today.
We
recommend buying gold
below
Rs 29,600 per 10 grams levels for a target of Rs 29,725 per 10 grams
and buying silver on dips at Rs 53,700 per kilogram with a stop loss
of Rs 53,500 per kilogram for a target of 54,000-54,100 per kilogram
on intraday basis.
