• Live MCX Blog

    Live MCX- A blog where you can get live commodity Updates, MCX Gold Silver Trading Tips, Base metals- Copper, Zinc, Lead and Nickel Updates, Energy- Crude Oil Trend, Crude Oil Updates and Natural Gas Tips on daily and regular basis.

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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.

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    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.

  • Showing posts with label MCX Live Tips. Show all posts
    Showing posts with label MCX Live Tips. Show all posts

    Today MCX Crude oil faced a sharp decline in the prices while trading on mcx. Live MCX price of crude oil is 4600 which is 2% low from it's previous close.This pressure in the crude prices are due to the non announcement of QI-3 by Federal Reserve. It is expected that until the federal reserve does not announce the policy  the crude will face the continuous down fall in the prices.In the United States huge gains in crude oil reservation has been noticed. United States crude oil stocks rose last week's is a record in 22 years.Crude oil dropped 1.30 per cent on the Nymex & is trading at 80 dollars a barrel.

    Copper on the London Metal Exchange fell by 1 per cent which caused the impact on base metals in the domestic market.MCX in the base metals declined by 1 per cent. MCX Copper with a decline of 1 per cent is trading at Rs 416.60.MCX Aluminum with 0.7 per cent fall reached to Rs 105.Nickel is trading at Rs 950.10 1 per cent fall. Lead and zinc are down 0.7 percent.


    MCX gold fell by 0.5 per cent to trading at current price of Rs 30100. MCX Silver fell by 1 per cent and the price has come down to Rs 54,000. Crude oil slipped 1.5 percent on MCX and is trading at Rs 4580.

    Experts Recommendations for Commodity Trading on 22 June 2012


    Buying MCX Gold (August futures) betweeen 30150-30050 with a stop loss of Rs-30 207 & Target of -30207 may give a huge profit.                                                                                                              

    Go for buying MCX Silver (July futures) between Rs -54000-53800 with stop loss of Rs -54680 & Target of 54680


    Sell Crude oil @4590 Stop Loss-4605 Target-4542/4515/4470/4430  

    MCX Copper Support- 415 Resistance- 426
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    MCX Crude Updates:-

    In todays trade all commodity traders and investors must keep their eyes on the most important commodity of the market i.e. Crude oil. Crude oil at MCX is looking very dull and may trade in the negative note. The decision on crude oil will decide the moment and trend of the crude oil in the upcoming session of Federal Reserve. MCX Crude August futures is trading below 84 dollars a barrel. 

    MCX Copper Updates :-

    At London Metal Exchange copper traded slightly in the up side on Tuesday, supported by a fall in the dollar but also pressured by concerns about the euro zone's debt problems as Spanish and Italian bond yields spiked, while trading was muted ahead of a Federal Reserve policy meeting.

    MCX Gold & Silver Updates:-

    Jaipur has seen a surge in gold and silver prices on Wednesday. Jaipur traders allegedly said there has been a upward movement of Rupees 300 in the standard gold in the state Jaipur.MCX gold is still under  market pressure although it is still at 30,200. The silver is slightly down and trading at Rs 54453. There is a decline in the international market for gold, while silver has seen a slight upward movement.

    MCX Trading Tips for 21 June 2012

    Gold (MCX): Buy Rs -30.100, stoploss of Rs Rs -30 000, -30 375 target Rs

    Silver (July futures) MCX: Sell Rs -54 700, -55 000 stoploss of Rs Rs Rs -54 000 goals

    Copper (June futures) MCX: Sell RS -424, -426 stoploss of Rs Rs Rs goals -420

    Nickel (MCX): Buy RS -951, -940 stoploss of Rs Rs Rs goals -965

     
    FILL THE FREE SUBSCRIPTION FORM TO AVAIL FREE MCX AND STOCK TIPS. 

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    Silver has shown up a good upside trend so far and it is likely to prevail this momentum towards the next resistance level of 56300-500 for the day. Trading above the same with significant volume will drive the prices towards 57000 level. Major support is seen near 53500 level.
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