Live MCX Tips| Commodity Market

MCX Gold Trading Tips For 13 August 2012

Technically the gold in mcx commodity market is most likely to take the support of Rs. 29882.25 and the resistance of Rs. 30,170 on Monday's trade i.e. 13 August 2012.

MCX Silver Trading Strategy For 13 August 2012

MCX Silver September will be a buy call between 53,420-53,360, with a stop loss of -52,860, and Target between -54,120/55,050. These above level may be taken for the weekly outlook too.

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MCX Gold updates:- Precious metals in the commodity market are in the sluggish mode. A huge reduction in the demand of mcx gold and silver has been noticed in the future commodity market. The import of the gold has been reduced due to the lack of demnd in these preciuos mcx metals. According to market facts in the current financial year the 350 ton gold has been imported from January to till date. If we see the last year's figure we may clearly see that this figure was 553 ton for the time span of 6 months.

MCX gold is trading at Rs 29,930 being completely flat in today's trade while the mcx silver is trading at Rs 53,400 being 0.1 stronger.MCX Crude oil is trading beyond 5100 with up of 0.5%. MCX base metals are trading with up trend of around 0.1-1 percent.

Live MCX Free Commodity Trading tips for Today 08 August 2012

MCX gold (October futures): Buy – 29,955, stoploss of Rs – 29,870 and the target – 30,100

MCX silver (futures September): Buy - 53400, stoploss of Rs – 53,230 and the target – 54000

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In today’s session we expect precious metals, base metals and crude oil prices to trade sideways with downside bias on speculation that US Federal Reserve might not provide stimulus measures to boost the economy. However, weakness in the DX might cushion sharp fall in the prices.  

Spot Gold prices gained marginally by 0.1 percent on account of mixed global market sentiments ahead of Federal Reserve policy decision today and ECB meeting to be held tomorrow to decide steps to curtail the Euro zone debt. Weakness in the US Dollar Index (DX) also supported an upside in the prices.Spot Silver prices however were trading marginally down 0.04 percent taking cues from bearishness in the base metals pack. However, sharp downside in the prices was cushioned on account of weakness in the DX.

MCX Commodity Trading Tips, Commodity Trend, Technical outlook, Support & Resistance Level for today  

MCX Gold is likely to see Selling mode below 30100 with Stop loss 30180 and Target 30030.

MCX Silver will be a Sell call below 53600 with Stop loss 53900 and Target 53300.

Buy MCX Copper at 419.50, Stop loss 417.50, Target 421.50.

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MCX COMMODITY TRADING TIPS & TECHNICAL SUPPORT & RESISTANCE LEVEL FOR Today 20 JULY 2012

MCX GOLD AUG SUPPORT 29,250-28700 RESISTANCE 29800-29380

MCX SILVER AUG SUPPORT 52200-45600 RESISTANCE 55200-53200

MCX COPPER AUG SUPPORT 425-405 RESISTANCE 431-442

MCX NICKEL JULY SUPPORT 888-852 RESISTANCE 965-912

MCX LEAD JULY SUPPORT 101-104 RESISTANCE 105-108

MCX ZINC SUPPORT 102-99.42 RESISTANCE 106-104

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MCX Gold Trend:- Gold is moving very slow in the international as well as the domestic market. Gold in International and domestic market is trading in a limited price band. Rupee in Forex market has weakened approximately 1 percent Despite this the gold at home side is not in tune to trade strong.First of this querter has witnessed a slow down in the prices of gold. It may be possible that the gold will reverse the trend in the first week of August. The upcoming festive season in India may cause the gold to take the heights again.We recommend Gold Tips for 10^th July 2012 buy around 29600 levels with a stop loss placed below 29400 levels for a target of 30250 .

MCX Silver Trend:- MCX Silver is trading with a strong gain in the domestic market. Silver at Multi commodity Exchange gained about 0.3% hike and reached to the 53,300 level.Hence We recommend MCX Silver Tips for 10^th July 2012 to buy around 53250 levels with a stop loss placed below 52500 levels for a target of 55000 levels.

MCX Crude Oil Trend:- MCX Crude Oil updates- MCX Crude oil has gained a marginal hike in the current prices. The mcx crude oil traded with a sharp up of 0.5%.The current price of Crude oil is 4759. Hence We recommend Crude Oil Tips for 10^th July buy around 4720 levels with a stop loss placed below 4610 levels for a target of 4900.

Aluminium, Lead, Nickel, Copper, Zinc Trend, Tips, Updates, Support & Resistance for Tuesday 10 July 2012

Aluminium buy around 105 levels with a stop loss placed below 103 levels for a target of 108 levels.

MCX Zinc buy around 103.50 levels with a stop loss placed below 101 levels for a target of 107 levels.

MCX Lead buy above 105 levels with a stop loss placed below 103 levels for a target of 108 levels.

MCX Nickel buy around 918 levels with a stop loss placed below 905 levels for a target of 948.

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Silver futures decline on sluggish demand:- Prices of silver commodity faced a down fall on friday's trade. The mcx silver fell by Rs. 117. Current market price of Silver till the time was 53,557 per kg in Futures trading. It happened just because of the minimized position by the traders and investors.

MCX Silver Delivery September Contract Trend:- September contract of silver indelivery at MCX declined by 0.22 percent while the contract of December month slipped by around 0.21 percent.

MCX Copper Trend Today:- Copper at MCX traded in red signal on Friday. The changes in the monetary policy of China & Britain caused the demand of copper at low level.At London Metal Exchange copper was down by 0.5 percent to $7,654.25 per tonne.At MCX the copper is weakened by 0.2-0.4 percent.

MCX Crude Oil Trend Today:- Is has been observed on Friday's trade that once again the mcx crude oil prices are under market pressure. Instead of weakndend rupee against the US dollar the prices of mcx crude oil slipped by 1 percent. Currently the crude oil is trading below the price level of 4800.

MCX Nickel Future Trend Today:- Nickel at mcx moved to the price level of 936.80 per kg in futures trading on Friday. Nickel almost declined by 0.12 percent.weakening global trend of this base metal enforced it to go down in the trade.

International market slowdown is imposing the gold and silver to trade in red signals today. The gold at mcx is showing a down trend. The domestic gold prices fell by 0.5% and trading at 29,600 while the silver is trading at 53,500 with a down of 0.5%.

Experts Recommendation for trading in commodity market:-

Sell MCX Gold at 29660 Place a stop loss of 29720, & Target between 29450-29400.

Sell MCX Copper at 429, with Stop loss of 431 and Target of 426-425.

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MCX Gold Silver Trend:- Well the Wednesday seemed good from the point of view of trading of commodities.There was a bounce back in the Indian currency Rupee against the dollar which supported the demand for the gold in the international market.In the previous week the weakening rupee was supporting the gold in the domestic market to become more costly.Although the precious metals gold and silver are trading with a slight decline in the international market. Comex gold was at $1617 with a down of 0.25% while the silver is trading at 28 dollars per ounce with a fall of 0.30%. The Indian rupee gained a strength which made the gold prices to trade at 29581 with a up of 0.37%. If the Indian rupee gains some strength against the dollar this trend of gold will continue on Thursday 5 July 2012.

MCX Crude Oil Trend:- Nymex crude oil is trading with a 1 per cent sharp decline. The price is at 86 dollars a barrel. On Wednesday, MCX crude oil in the domestic market traded with strength of 0.5 per cent to Rs 4779. Today's crude oil trend will depend upon the demand concerns of market investors.

Aluminium Trend & Updates:- MCX Aluminium is good to buy and dips in prices till Rs 106 per kilogram or Rs 105.70 per kilogram. Place a stop loss of Rs 104.90 per kilogram with a target of Rs 107.50 per kilogram.

Hence After analyzing commodity market trend for today 5 July 2012 We recommend following commodity support & resistance level for today.

We recommend buying gold below Rs 29,600 per 10 grams levels for a target of Rs 29,725 per 10 grams and buying silver on dips at Rs 53,700 per kilogram with a stop loss of Rs 53,500 per kilogram for a target of 54,000-54,100 per kilogram on intraday basis.

MCX Gold & Silver Trend:- Gold prices slipped here in the mcx bullion domestic market due to the fall in off take from the traders and investors amid a weak trend in the overseas market. MCX gold is trading at 29573 with a down of 0.29%. While the gold at comex traded in up side and reached to the level of 1611 dollar. Silver however gained modestly after falling over the 4 sessions . MCX silver at mcx is trading with marginal gains after some of the industrial buying.At mcx the silver is trading at 52410 with a hike of 0.5 percent. At comex the silver is trading at 30 dollar by rising up by 1.5 percent.

MCX Gold News & Updates

The import of gold in second half of the current financial year (July - December) is supposed to increase by 20 percent and will reach to 300 tons.According to the Bombay Bullion Association President Prithviraj Kothari in the first half of this year import of gold is expected to touch the level of 250 tonnes.The import of gold depends on the current prices of gold in the domestic market. If the gold prices sticks below 30,000 the import of gold will be rising for sure.Although the import of gold will be down by 30% in the current fiscal year as compared to the last year.

MCX Crude Oil Trend & updates

MCX Crude oil witnessed a sharp up in the prices on tuesday. The brent crude at ICE crossed the price barrier and reached beyond 97 dollar.The crude oil is strong at Nymex with a up in the prices by 1.75 percent. The crude oil at mcx base metal market is trading at 4688 with a gain of 1 percent.

Ban of European Union on Iran has been fully implemented which may affect the crude oil prices at home and overseas too. According to market expert it is also expected that the supply of crude oil may be banned in the western countries.

Base Metals Trend:-

All the base metals are under pressure after trading on the upper side. At mcx the copper is trading on the up side. Aluminium & zinc noticed a downfall of 0.25%. MCX nickel and lead are trading flat.

MCX Trading Tips for today 04 July 2012

After analysing the today's market trend we are expecting the market will trade in the range bound. Hence we recommend you following buy/sell mcx tips, Technical resistance and support levels for today's trade.

Buy MCX Gld between 29,480-29,520 with a stop loss placed below 29,420 & Target-29,700

Sell MCX Silver around 53,500 Place a stop loss of below 53,750 & Target-53,050-52,800

Buy MCX crude oil between 4,610-4,625 set a stop loss of 4,570 & Target-4,735-4,780