Live MCX Tips| Commodity Market

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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MCX Crude Oil Trend:- Crude oil at MCX is expected to continue trade at the lower levels. The decline will continue it;s path today also.Domestic market witnessed a sharp down of around 1.5% in the mcx crude oil. Decline in the international market and weak rupee caused the pressure in the prices of base metals. MCX Crude oil is trading at the current market price of Rs. 4530.

MCX Gold Silver Trend:- Due to Strengthening of the rupee against the dollar made the gold in the domestic market is increasingly looking at Braille.Although the gold in the domestic intraday market trading declined by Rs. 250 but later the weakening in the rupee supported the gold in the market.Currently gold is trading at 29,890 with a fall of 0.3%.MCX Silver is trading at 52,615 with a fall of 0.5%.

MCX base metals but is now down deeper. MCX Nickel and lead to a decline of 1 per cent. The Copper, aluminum and zinc are seeing the weakness of nearly 1 per cent.


MCX Trading Tips for today 26 June 2012


MCX gold (August futures): Sell - 29900, stoploss of Rs - 30 100 and the target - 29 500
MCX Crude oil (April futures): Sell - 4570, stoploss of Rs - 4615 and the target - 4498




  

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. 

Live MCX NCDEX updates 12 June 2012

The slowdown in the international market in caused weakness in gold and silver in the domestic market. Crude oil slipped by 0.5 percent and reached to $ 82 on Nymex.


With a very little increment mcx gold is trading at around 29780. The silver with fluctuation is trading down to Rs 54,700.Crude oil slipped by 1 per cent and arrived to Rs 4,600 on MCX.MCX seems denies any involvement in the base metals. On MCX, aluminum, lead and zinc is up, while copper and nickel have been seeing in the fall.

There is selling pressure at NCDEX spices.

Trading Strategies for MCX NCDEX 12 June 2012

Copper Prices after taking the resistance near 119.50, took a reverse move and now trading below 415 level. From here if Copper able to maintain above 416 level, we can again see prices to reach 418-419.50 levels which could be followed by 424-427 later.
In Zinc commodity, As long as prices stay above support level of 99.50, we can see upside momentum to continue till 101.50-102.50. Trading below 99.30 can trigger downside trend which could result in sharp decline towards 97.50-96 levels.