Live MCX Tips| Commodity Market

After the vigorous fall crude oil in the international market has shown some recovery but there is no edge for crude oil in the domestic market. The strengthening of the rupee against the dollar has stopped the increasing price of the crude oil in the mcx market. Noticeable point is that there is no any news or updates in the market for the upliftment of the crude oil. Currently the crude oil is trading at 4,660 with a increase of 0.2 percent in the current prices.

Today the crude oil touched the lowest price level of last 3 months. The reserve of crude oil is the US has been increased more than it was expected. U.S. crude oil production has also increased. Slight improvement in the U.S. economy has been accepted by the the Federal Reserve. But still including Europe and China the world economy remains sluggish. Gold prices have also been falling continuously.In the last 7 weeks in the international market, gold is trading around the lower level. In the domestic market, gold prices have not fallen much. Despite this, gold is visible to the pressure. Currently, with a gain of 0.25 per cent on MCX gold is trading at Rs 30900 and With 0.7 percent gain silver is trading at Rs 59400.

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The rupee appreciation as We said would be a key factor to watch out for today. But I do not see much of an appreciation coming out although the upbeat global sentiments have come up positive for the markets. Also, the retail sales data which has come up from the US has been positive. So, overall the base metal pack is trading upside.

In Indian market, we would recommend selling the MCX crude contract for the month of October at around Rs 4,870-4,880 per barrel levels.

We expect the markets on the silver to be upside. Hence, we recommend buying silver at around Rs 59,400-59,500 per kilogram.

Sell gold, MCX on December Rs 31,050 per 10 grams to around Rs 31,070 per 10 grams levels. Place a stop loss around Rs 31,170 per 10 grams for targets of Rs 30,850 per 10 grams.

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Due to the Concerns about the global economy, crude oil has broken the fourth consecutive day. NYMEX crude oil prices slipped below 92 dollars too. Although gold and silver are trading in green signals. NYMEX crude oil slipped 0.3 percent, at present crude oil is trading at 92 dollars a barrel. Brent crude on the ICE, is trading with 0.1 percent of gain is at 108.40 dollars a barrel.

MCX Commodity Market updates 02 July 2012

Earlier this week, after last week's strong momentum the commodity markets have become sluggish.At Nymex crude oil has been noticed a sharp decline in the prices while the comex is witnessing a weakness in gold and silver.


At Nymex the crude oil has slipped by 1 percent and reached to the 84 dollars a barrel.Brent crude on the ICE with 1.2 per cent of fall is trading below 96.50 dollars a barrel.

Further the market closed with a sharp hike on last week's Friday which later opened lethargy on Monday morning.Sensex was up by 9 points at nine o'clock in the morning on Monday opening 17,439 and Nifty opened 5 points up at 528.

US Market Updates:- 
China's worst manufacturing figures have begun to rein in the strength of the Asian markets. Shanghai is trading Composite and the Nikkei is trading flat.Taiwan Index, Cospi and Singapore Nifty are in bullish trend.On Friday at a meeting of European Union because of major announcements, the U.S. market was up strongly.

MCX Trading Tips, MCX Gold, MCX Silver, MCX Copper, MCX Crude oil, MCX Lead, MCX Aluminum Tips for Today 02 July 2012

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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.