Live MCX Tips| Commodity Market

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. 

MCX Gold, Silver, Crude Oil, Copper updates

An Upward movement in the commodity market has been been observed on Friday's trading hours. The most important commodity of the mcx market, MCX Crude oil, gained a marginal hike of around .25% and managed to stuck at the level of Rupees 4530.

U.S. Federal Reserve deferred by long-term bond sales for the year. Analysts said that U.S. companies are in no better shape. Deterioration of the situation in Europe as well as demand-supply gap is increasing the pressure on the crude oil.Meanwhile, in China's industrial production figures are disappointing in consecutive Meanwhile, in China's industrial production figures are disappointing consecutive 8th month.

MCX Gold with a 0.35 per cent up managed to reach at Rs 29,950 per 10 grams while MCX Silver with 0.1 per cent up met the level of Rs 52,960 per Kg. Both precious metal commodities traded with strength.


Today we saw a pressure in the mcx base metals.But aluminum has risen nearly 0.5 per cent to touch the Rs 105 and strong.However the nickel and zinc declined by 0.5 per cent , while copper and lead faced a marginal decline.


Trading Tips For 23 June 2012



MCX Gold Sell below 29930, Stop loss 30020, Target 29840.

Sell MCX Silver below 52800, Stop loss 53100, Target 52500.

MCX Copper Sell at 414, Stop loss 415.50, Target 412.50.

Sell MCX Crude Oil below 4515, Stop loss 4540, Target 4480.

MCX lead Updates Sell at 103.50, Stop loss 103.90, Target 103.10.

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