Live MCX Tips| Commodity Market

On the weekly basis the crude oil is expected to trade in between 5080-5100, weekly Stop Loss will be 5165 and Target will be 4870. It will trend Bearish in this week.

MCX Gold Silver Updates:- With a decline of 0.6 percent on MCX gold is trading at Rs 31,320. While silver dropped by 1.7 percent and is trading at Rs 62200 currently. MCX base metals are trading with moderate losses of around 0.5 t 0.8 percent. MCX Nickel is trading Flat.

On the weekly basis the gold is expected to trade in bearish trend in between 31,680-31,700 with Stoploss at around -31,940 & Target around 31,280. While the silver will be in between 64,140-64,200 with Stoploss around 64,801 & Target at 62,650/62,000.

We also offer Free Commodity Trading Tips with proper follow ups, technical support & resistance level in both Segments MCX & NCDEX. In MCX you may get commodity tips for copper, crude oil, lead, natural gas, nickel, zinc, aluminium & In NCDEX you may get tips for mentha oil, sugar, Gur, Wheat, Kapas, Soybean, Soya oil etc.

Free Real Time Live MCX Intraday Commodity Trading Tips 

MCX Gold (October Futures): Buy from 31,450 to 31,470, stoploss 31400 Target - 31590/31650

MCX Silver (December futures): Sell - 62 900, Stoploss - 63 200 and the Target - 62400

MCX Crude oil (October Futures): Buy - 4920-4930, stoploss - 4880 and Target -  4980/5000

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MCX Crude Oil Updates:- 

MCX Crude oil purchase in the international market has been declined here on Friday's trade.Selling pressure was observed in today's trade in the crude oil. The crude oil in the domestic market is on down trend. Crude oil is trading below 5000 price level in the domestic market.

The crude oil demand was in the up trend on Tuesday. The crude oil saw a 1.2% of sharp hike in the prices. Currently the crude oil istrading at 4878. Not only domestic market but global market has seen this drastic change in the prices of crude oil. Today the price of crude oil reached to the maximum level of recent 7 weeks at NYMEX.

Currency Updates:- Rupee is strengthneing against the dollar in the forex market.Despite this the crude oil is showing a strongness in the prices.

It is being expected that the reports of US Energy department is about to come on today i.e. Wednesday which will decide the crude oil trend for today.According to market news the ban on Iran's export of crude oil may result in the reduction of storage of crude oil in America.

Crude Oil Trend For Today 18 July 2012

Crude Oil Trend may face a slow down in today's trade. The economic conditions of Europe is not in a very good pace. Hence we advocate to go for buying side in crude oil. You must buy crude oil with following crude oil tips for today.

Crude oil (MCX): Buy at Rs 4845 Place a stop loss of Rs 4810 Set Target 4890 to 4920.

Mixed trading on MCX for base metals. Copper showed a strong trend with 0.5% up in today's trade. Although the copper at London metal exchange is shwoing neutral trend.

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MCX Crude oil has seen a strong trend in the today's trade. MCX Crude is trading with up of 0.5 per cent to reach the level of Rs 4800. At Nymex the crude oil bounced back and trading at around $87 with a 1 percent of strongness.In the early trade on Friday the crude oil went for three years of record low level. On Friday the economic data of China was launched. Which was not as good as expected by the investors and market experts. Traders were quite dis appointed with the economic data of China. Later the market any how managed to trade on up trend.The rest of the world were struggling to emerge from the financial crisis.

Till the time the live price of crude oil is 4803. It is showing a bullish trend in the market. Hence we recommend you to go for buying side as we expect it to touch the price level of 4820 on Saturday.On Saturday Crude Oil Trend Will be on bullish side.

Other metals including Lead, Nickel, Zinc, Aluminium, Copper, Gold & Silver are also showing the bullish trend.The price of aluminium should recover from the present level of USD 1,850 a tonne. In the next 2-3 months, it should cross USD 2,000 per tonne.

Friday, the 13th, today proved to be unlucky for second time in a row for the Sensex.The markets opened on a strong note today and the Sensex rallied by more than 100 points in the morning trade itself. However, it lost momentum in the afternoon trade and the Sensex closed nearly 19 points down at 17,213.70.

SUBSCRIBE TO GET CRUDE OIL TIPS, TREND, NEWS, CRUDE OIL UPDATES, CRUDE OIL SUPPORT & RESISTANCE FOR TODAY 14 JULY 2012. Just Fill the Free Trial Form & Get sure shot & Accurate MCX Commodity Trading Tips on Mobile. 

Crude Oil News:- Crude oil inventory has fallen in the United State due to which the crude oil is under selling pressure in the market.In overseas market the crude oil fell below the 100 US dollars per barrel today. The on going economic conditions in Europe forced the currency to trade on lower sides. With a fall in Euro the crude oil prices also slipped in the market.The Crude oil will continue to trade on lower side, Experts said.Brent crude fell 90 cents to USD 99.33 by 0927 GMT, while US crude was at USD 84.95, down 86 cents.

What will be the Crude oil Trend Today ?

Well the crude oil trend on Friday will depend on the economic data of China which is yet to come on Friday. The refinary and US crude oil stock may also affect the crude oil prices. The traders and investors are waiting for the economic data of China.The global slowdown in the economy of some countries may put a selling pressure on crude oil.

Crude oil Tips for Today 13 July 2012:- Crude oil at Multi commodity exchange will bahave as it will trade in the global market. Hence we would recommend you to trade in MCX crude oil July on Friday with Support of 4670, 4720 & Resistance of 4790, 4830. Live Price of MCX Crude oil is Rs 4798 (18 points up from its previous close).