• 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 live chart. Show all posts
    Showing posts with label live chart. 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:


    Crude oil has come under pressure again.On MCX, crude oil  is in the dull position despite the weakening rupee.On Nymex the crude oil is at low of last 8 months while at ICE Brent crude is at the 16 months low. Today the Federal Reserve Bank's meeting started which caused the crude to go under pressure. MCX crude oil is trading at Rs 4660 with lethargy.

    MCX Gold Updates:


    Indian gold extended gains for an eighth session running to hit a record high on Tuesday. On MCX gold was 0.30% higher at Rs 30,402 per 10 grams, after hitting a peak of Rs 30,428 earlier in the day.

    MCX August : Intraday Levels are: Resistance at 30450/30600, Support: 30160/29950

    MCX Silver Updates:


    Silver is also a strong trend. Rs 55,000 with a gain of 0.25 per cent silver on MCX is trading up.


    MCX Trading Strategies For today 20 June 2012



    Buy MCX Gold  above 30450, Stop loss 30350, Target 30550


    Buy MCX Silver above 55000, Stop loss 54700, Target 55300.


    Buy Lead above 106.20, Stop loss 105.80, Target 106.60.


    Buy MCX Crude oil above 4730, Stop loss 4700, Target 4760.


    Buy MCX Nickel above 937, Stop loss 930, Target 944.



    Buy MCX Copper on dips at 419, Stop loss 417, Target 421











     
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