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  • Showing posts with label mcx copper updates. Show all posts
    Showing posts with label mcx copper updates. Show all posts

    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

    FILL THE FORM TO GET FREE SMS ALERTS OF MARKET UPDATES AND ALSO THE TRADING TIPS FOR TODAY. 
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    Crude Oil Updates for Today :- Before the European summit the crude oil is being seemed on down side.Although the crude is getting support from the weakness in the rupee in the domestic market. Rupee today traded continuously on decline. Due to the fluctuation in the commodity market the crude oil is trading on upper side. With the fall of approx 0.3% the crude oil at NYMEX reached to the level of $ 79. While at mcx market the crude oil is trading at 4550 with a hike of 0.5 % in the prices.

    Crude Oil Tips for Today :- Since the there are no signals in the economy to support the rupee Hence we recommend you to Buy Crude oil (April futures): @- 4540, stoploss of Rs - 4510 and the target – 4600.

    MCX Gold Silver Updates:- MCX gold and silver are trading in the sluggish mood before the summit.European market forced the market to trade quiet. It was being truted that the market some steps would be taken to get rid of the loan problems.The completely flat on gold is trading at Rs 29975 The silver is trading below the flat and Rs 53,000. On MCX base metals have declined by 0.25 per cent.

    MCX Natural Gas Updates:- Natural gas prices in the last 2 weeks business trading recorded a growth of 35 per cent. While in today's trade on MCX Natural gas is nearly 2.5 per cent full. On MCX Natural gas prices have risen to Rs 163.

    Further Despite secondary market remaining largely rangebound due to lack of positive triggers, two IPOs will hit the street this week. One IPO would be listed on the BSE SME platform while the other would be decided via book building process.

    MCX Commodity Trading Tips for today 28 June2012 | Live MCX Prices | MCX Live Chart 

    MCX gold (August futures): Sell - 30 100, stoploss of Rs - 30 200 and the target - 29 850

    MCX Silver (July futures): Sell - 53000, stoploss of Rs - 53400 and target - 52 200

    MCX Copper (June futures): Sell - 419, stoploss of Rs - 423 goal - 411

    MCX Crude oil (April futures): Sell - 4585, stoploss of Rs - 4629 and the target - 4495



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    The much- hyped RBI's policy measures to curb the rupee slide failed to cheer the Street as the benchmark indices fell on Monday. The Central bank's announcement disappointed the investors, who were looking for some strong actions.
    MCX Gold Silver Updates:- At the MCX market, the gold touched a level of 30,400 in late trade but recouped losses.The negative signals in the global market caused the mcx gold and silver to trade in the lower side.The mcx gold price in the domestic market fall by around 190 rupees (0.7 percent).Thursday night in the world market price of gold fell by two per cent.

    MCX Crude Updates:-MCX Crude oil is expected to trade in the pressure at mcx. the market may be in reverse gear in today's trade as investors would like to square off their long positions on disappointment over the announcement of less aggressive policy.
    Further today RBI's decision has increased the pressure in the market. As no concrete steps taken by RBI as expected by the investors and traders and the market will see rapid pace on Wednesday trade.On Tuesday's trade market did not saw any kind of pressure.

    Further today In Stock market the Sensex closed at 16,906.58, up 24 points as 21 counters including SAIL, HUL, Sesa Goa and Sterlite Industries. fell in the 2- 3 per cent range. Investors wealth across the market dropped by over Rs 26,000 crore. The 50- share Nifty ended at 5,120.65, a up of around 06 points. Moody's decision to retain India's credit rating outlook at stable, even when its peers are bearish on the country's growth prospects, added to early surge.

    What will be the market trend on 27 June 2012 
    MCX Gold today may witness a bullish trend so we recommend you to go on Buying side for gold above 30180, Stop loss 30100, Target 30260. Same We'll recommend for silver Buy above 53750, Stop Target 54050-54100. Stop loss-53450,
    Buy MCX Copper above 417.30, Stop loss 415.30, Target 419.30
    MCX Aluminium Buy above 104.30, Stop loss 104, Target 104.60.
    MCX Crude Oil Buy at 4550, Stop loss 4520, Target 4575-4580.

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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




      
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