Monday 31 December 2012

MCX Tips For The Last Day of 2012


Bullion: 
MCX Gold Contract is looking negative for the day. Market may find support near 31580 & 30480; intraday resistance can be seen near 30730 & 30840. Day traders are advised to sell intraday on rise. (Sell around 30730 with SL 30840, for the target of 30580 & 30480.)
   MCX Silver  Contract is looking negative for the day. Market may find support near 57200 & 56700; intraday resistance can be seen near 57700 & 58200. Day traders are advised to sell intraday on rise. (Sell around 57700 with SL 58200, for the target of 57200 & 56700.)

Base Metal :
MCX Copper  contract is looking positive for the day. Market may find support near 437 & 434; intraday resistance can be seen near 441 & 44. Day traders are advised to buy intraday on dips. (Buy around 437 with SL 432, for the target of 441 & 444.)
MCX Lead  contract is looking negative for the day. Market may find support near 126.50, 125.40, intraday resistance can be seen near 127.90 & 128.80 Day traders are advised to sell intraday on rise. (Sell around 127.90 with SL 128.80 for the target of 126.50 & 125.40)
MCX Nickel contract is looking slightly negative for the day. Market may find support near 942, 934, intraday resistance can be seen near 956 & 965. Day traders are advised to sell intraday on rise. (Sell around 956 with SL 965 for the target of 942 & 934.)
MCX Aluminium contract is looking negative for the day. Market may find support near 111.90, 111, intraday resistance can be seen near 113.10 & 114. Day traders are advised to sell intraday on rise. (Sell around 113.10 with SL 114 for the target of 111.90 & 111.)

Energy: 
MCX Natural Gas  contract is looking slightly positive for the day. Market may find support near 188 & 185 intraday resistance can be seen near 193 & 196 Day traders are advised to buy intraday on dips. (Buy around 188 with SL 185 for the target of 193 & 196.)
MCX Crude oil  contract is looking positive for the day. Market may find support near 4970 & 4920; intraday resistance can be seen near 5030 & 5090. Day traders are advised to buy intraday on dips. (Buy around 4970 with SL 4920, for the target of 5030 & 5090.)



Thursday 27 December 2012

MCX Commodity Tips for The Day : 27/12/12


Bullion: 
Gold prices are expected to trade within the range from Rs 30500 to Rs 30800. Trend for the day is likely to be sideways to down. One can initiate a sell around Rs 30700-30720.
Silver prices are expected to trade within the range from 57200 to 57900. For intraday if holds 57300 one can buy for intraday with a stop loss below 57200.

Metal:
Copper prices are expected to trade within a range from 443 to 436. One can trade within the range with a negative bias with a stop loss above 445. We expect selling pressure to around 441-442.
Nickel prices are expected to trade within a range from 940 to 962. One can buy around 950 with a stop loss below 942.
Lead prices are expected to trade within the range from 127.50 to 125 one can trade within the range with a positive bias. Fresh buying above 127.50.

Energy:
Crude price are likely to remain supportive any dip around 4950 -4940 should be a buying opportunity. One can add fresh long above 5000 on closing basis.


Academy Stock Exchange: Why Take an Online Stock Trading Course?

Academy Stock Exchange: Why Take an Online Stock Trading Course?


Nice Blog, Good information about stock market, it is very informative
and helpful. I always ready to read this type of blogs.
Regards: <a href="http://stockstrokes.com/freetrial.aspx">Share Market Advisors</a>

Wednesday 26 December 2012

MCX News For 26th Dec. 2012


BULLION : Gold futures prices today fell by 0.40 per cent to to Rs 30,732 per 10 gm as speculators reduced their positions, taking weak cues from the global market.
        At the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 122, or 0.40 per cent, to Rs 30,732 per 10 gm in a business turnover of 1,569 lots.

METAL :  In range-bound movements, copper futures traded a shade higher today largely on the back of pick up in spot demand.
        At the Multi Commodity Exchange, copper for delivery in April rose by 35 paise, or 0.08 per cent to Rs 441 per kg in a turnover of 99 lots.

 Nickel futures prices fell by 0.41 per cent today after speculators reduced their positions at prevailing level in the absence of cues from the global markets amid approaching expiry.
        At the Multi Commodity Exchange, nickel for delivery in January traded Rs 3.90, or 0.41 per cent lower at Rs 953.20 per kg, with a business turnover of 152 lots.

ENERGY :  Oil prices were up in post-Christmas Asian trade Wednesday as traders warily eyed the soon-to-resume US budget talks on a deal to avert the fiscal cliff, analysts said.

Monday 24 December 2012

MCX Tips for 24th Dec. 2012


Gold prices are likely to bounce bank to the tune of 31050 - 31150. For intra day one can buy if sustains above 30800 with a stop loss below 30740. prices are expected to witness selling pressure around the mention zone whereby recommended to exit long position.

Silver prices are expected to bounce back till 59000 - 59300 on higher side one can buy for intra day if sustains above 58400 with a stop loss below 58000.


Copper prices are expected to trade within the range from 441 to 434 one can buy around 436.50 with a stop loss below 433 for the target at 441.

Nickel prices are expected to witness a sideways move from 975 to 945 one can trade within the range. Fresh buying expected above 990.

Lead prices are expected to trade sideways from 124 to 127. one can buy around 125 with a stop loss below 123.50.

Crude prices are resisting 5000 mark on higher end one can witness selling pressure at 4950-4960 maintaining a stop loss above 5010 for the downside target at 4880 - 4860.


Friday 21 December 2012

MCX & Commodity News For the Weak


Industrial metals prices slipped yesterday due to uncertainty over the outlook for demand, increased by a fall in the number of U.S. house building projects being started in November, while investors also kept a close watch on budget talks in the United States.  European lead and zinc premiums were unchanged this week as prices on the London Metal Exchange remained elevated with lead prices touching a year high, market participants said. South Africa is drawing up laws to force platinum and iron ore miners to sell "small amounts" of production to local processors at a discount to diversify its economy, a top trade ministry official said on Wednesday.
Nickel and gold miner MRL Gold Philippines Inc. will invest $100 million in a nickel processing plant in Agata, Surigao del Norte in 2014. The plant, once operational, will process up to 500,000 metric tons of nickel ore to produce 7,000 metric tons of nickel annually using the cheaper atmospheric leach process. Some banks have tightened credit for imports of refined copper by China, the world's largest consumer of the metal, as stocks pile up in bonded warehouses and prices hover below London rates, reducing buying of the metal and keeping premiums low. Global stainless steel output rose 2.9 percent for the first nine months of the year compared with the same period last year, boosted by record production in the third quarter, the industry body ISSF said in a report on Tuesday

Thursday 20 December 2012

MCX Weekly Upadates and Technical Trends - 17th dec. - 21 dec. 2012


MCX GOLD Technical Trend
MCX GOLD last week showed choppy movements from last two sessions and took reversal from 38.2% retracement and it is consolidating around trend line. Now if it gives closing below 31000 then bearish rally is expected towards the level of 30500. On other hand 31500 is seen as strong resistance for it only above this some upward movement is expected.

Strategy
Better strategy in MCX GOLD is to buy above 31500 for the targets of 31900-32400 with stop loss of 30900.

MCX SILVER Technical Trend
MCX SILVER last week showed downward movements found strong support around 61000. Now if it gives closing below this support then we expect some bearish movement in it. On daily charts it moves in a downward channel pattern and may find resistance around upper band of channel i.e. 62500 and above this breakout of channel pattern is expected.

Strategy
Better strategy in MCX SILVER at this point of time is to sell below 60950 for the target of 60000-59000, with stop loss of 62300.

MCX CRUDEOIL Technical Trend
Crude oil last week showed downward movements and got strong support of trendline i.e. around 4650 if it break this then next support is seen around 4550 below this it is too weak. On higher levels 4950 is seen as strong resistance for it closing above this may take it towards next resistance level of 5055.

Strategy
Better strategy in MCX CRUDEOIL is to sell below 4650, for the target of 4600-4550 with stop loss of 4790.

MCX Copper Technical Trend
MCX Copper last week showed sideways movement moves in an upward channel pattern and took support of 23.6% retracement i.e. 443. On lower side 443 is act as support for it below this break out of channel pattern is expected.On higher side 450.50 is act as strong resistance for it.

Strategy
Better strategy in the MCX COPPER will be buy on dips, with the stop loss of 442 for the targets of 450-455.

Wednesday 19 December 2012

MCX Tips Today for 19th Dec. 2012



BULLION :
Gold prices have witnessed a major fall after a bounce back to the resistance zone at 31500-31550. We expect selling pressure to continue sell on rise around 31150 31200 with a stop loss above 31320 for the down side target at 30850-30750. 30700 seems to be a key support below which we expect prices to witness a sell off till 29500-29000.
Silver prices are expected to trade negative till 60000-59500, one can sell on rise around 61000 61200 with a stop loss above 61550.

BASE METAL :
Copper prices are expected to trade sideways to negative within the range from 451-441. For intraday one can sell with a strict stop loss above 451.
Nickel prices expected to trade within a range from 985 to 955, one can trade within the range. Fresh buying expected above 990.
Lead prices are expected to trade positive one can buy on dips around 125.50 for the upside target at 129.

ENERGY:
Crude prices are expected to trade positive till 4940-4960 one can buy around 4880 with stop loss 4835.

Tuesday 18 December 2012

MCX Tips For 18 Dec. -Buy Gold above Rs 31600 :



BULLION:
Gold prices are expected to trade within the range from 31550 to 31300. Trend for the day is likely to be positive. However selling pressure is expected around 31500 -31550. Fresh buying recommended above 31400.
Silver prices are expected to trade within the range from 62200 to 61400. For intraday one can buy around 61600 with a stop loss below 61400.

BASE METAL:
Copper prices are expected to trade within a range from 452 to 442. One can trade within the range with a positive bias. But because of RBI's decision  it may be at 4780
Nickel prices are expected to trade within a range from 950 to 980. One can buy around 968 with a stop loss below 974.
Lead prices are holding strong we recommend to buy around 126 for short term with a stop loss below 122 for the target at 126 safety - 127.

ENERGY:
Crude price are likely to trade positive one can buy around 4775-4850 for the target at 4880-4900 with a stop loss below 4750.

Monday 10 December 2012

Commodity Market View for 10th Nov. 2012

Bullion:
Gold prices are expected to bounce till 31500, for intraday one can buy around 31280 -31250 with a stop loss below 31150.
Silver prices also expected to bounce till 63200 -63300, one can buy on dip around 62600 -62500 with a stop loss below 62250.

Base Metal:
Copper prices have witnessed support at 440 -441 levels we expect prices to test 448 – 450 on higher end one can buy with a stop loss below 441.
Nickel prices are expected to trade within the range from 935 to 955 one can trade within the range with a positive bias with a stop loss below 928.
Lead prices are expected to trade within the range from 123 to 120 one can trade  within the range. Fresh buying recommended above 123 on closing
basis.

Energy:
Crude price are likely to remain sideways from 4750 to 4650 one can trade within the range. Exit  all long position below 4650 on closing basis.


Friday 30 November 2012

Nifty Future Tips & Stock Market Updates 30 Nov 12

Today Indian Market Closed on green note. The Nifty index ended at 5,826.60, up 99.15 points or 1.73 percent and it touched a high of 5,833.50 and a low of 5,736.10 in trade today.The Sensex closed at 19,170.16, up 328.08 points and this index touched a high of 19,205.33 and a low of 18,873.63 in trade today.

Bullish Intraday Stocks 30 Nov 12


BANKINDIA WELCORP PRADIP NCC UCOBANK FSL HINDPETRO RELCAPITAL BANKBARODA DENABANK TATACHEM SBIN RECLTD PATELENG IOB TVSMOTOR LT ICICIBANK HINDUNILVR CHAMBLFERT LICHSGFIN ONGC CIPLA MUTHOOTFIN HDFCBANK ALBK NATIONALUM DABUR IVRCLINFRA CENTURYTEX    

Bearish Intraday Stock 30 Nov 12


VAKRANSOFT ROLTA MADRASCEM TECHM EVERONN BATAINDIA ABAN GEOMETRIC ERAINFRA MAHABANK STAR APTECHT HATHWAY DCW AMAR TATAGLOBAL SATYAMCOMP NOCIL GUJRATGAS GUJSIDHCEM PRISMCEM BGRENERGY BAJAJHIND TVTODAY NHPC FINANTECH TCS INFY JUBILANT BALAJITELE

Nifty Tips For Tomorrow 30 Nov 12

Pivot Level = 11898 
Support1 5761 Support2 5696 Support3 5658 
Resistance1 = 5864  Resistance2 = 5902  Resistance3 = 5967 

Bank Nifty Tips For Tomorrow 30 Nov 12

Pivot Level = 11898
Support1 = 11797 Support2 = 11600 Support3 = 11499 
Resistance1 = 12095 Resistance2 = 12196 Resistance3 = 12393 

Thursday 29 November 2012

Commodity Updates and News for 29th nov. 2012


Bullion :
Gold futures declined sharply & by about $36 per ounce, on a combination of technical selling, expiration of options and futures contracts, deflationary concerns and a stronger US dollar.

Silver holdings of ishares silver trust, the largest ETF backed by the metal, declined to 9,818.07 tons, as on Nov. 21.

Base Metal:
Copper futures declined, as investors shunned riskier assets on concerns about the details of Greece's new debt deal and lack of progress in US budget talks aimed at averting automatic tax hikes and spending cuts in January.

Energy:
Crude oil stocks fell by 347,000 barrels, Motor gasoline supplies jumped by 3.9mn barrels and Distillate stocks, comprising heating oil and diesel fuel, fell 800,000 barrels, as per EIA.

Natural gas futures declined, as forecasts for mild weather next week signaled reduced demand for the heating fuel.

Monday 26 November 2012

Commodity Market for 26th Nov. 2012


Gold:
Gold in India followed international prices and gained over 2% weakening dollar and appreciation in rupee could restrict the steepness of rise in domestic markets in the coming week.
Outlook: 
Gold (December): Gold is expected to move in the range of 31800-32700 during the week ahead.

Base metal :
We expect base metals to be range-bound as we await the final decision of IMF for Greece bailout and as policy changes from the new Chinese leadership is expected.
Outlook:  
Copper (November): Copper is expected to move in the range of 420-440 during the week ahead.

Energy:
We expect crude oil to remain flat to bullish with a risk to upside breakout as and when middle east tensions increase in intensity. Cold weather expected across the  major consuming regions of the Northeast and Midwest early next week is not expected to last as long as previously anticipated, which may reduce heating demand and bring down natural gas prices.
Outlook:  
Crude Oil (December): Crude is expected to move in the range of Rs 4800-5050 during the week ahead.
 Natural Gas (November): Natural Gas is expected to move in the range of 208 -223 during the week ahead.







Friday 16 November 2012

Commodity Market News For 16th Nov 2012


Bullion:
Gold suggest that prices have reversed after taking resistance of 31800 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 31170.
Trading Call: Sell around 31500 levels with a stop loss placed above 31700 levels for targets of 31170
levels.
Silver suggest that prices have reversed after taking resistance of 61500 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 60000.
Trading Call: Sell around 60800 levels with a stop loss placed above 61100 levels for targets of 60000
levels.

Energy :
Crude Oil suggest that prices have reversed after taking resistance at 4820 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 4670.Trading Call: Sell around 4760 levels with a stop loss placed above 4820 levels for targets of 4670 levels.
Natural Gas suggest that prices have reversed after taking resistance at 210 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 198.
Trading Call: Sell around 205 levels with a stop loss placed above 210 levels for targets of 198 levels.

Base metals:
Copper suggest that prices are trading near a crucial resistance at 425 levels.
Stochastic is losing its strength. We expect prices to correct up to levels of 412.
16 Nov 2012
Trading Call: Sell around 421 levels with a stop loss placed above 425 levels for targets of 412 levels.
Nickel suggest that prices have reversed after taking resistance at 890 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 868.
 Copper suggest that prices are trading near a crucial resistance at 425 levels.
Stochastic is losing its strength. We expect prices to correct up to levels of 412.
16 Nov 2012
Trading Call: Sell around 421 levels with a stop loss placed above 425 levels for targets of 412 levels.
Trading Call: Sell around 880 levels with a stop loss placed above 890 levels for targets of 868 levels.

Lead suggest that prices are trading near a crucial resistance of 121.50. RSI is losing
its strength. We expect prices to correct up to levels of 119.
The above 4 hourly chart of Zinc suggest that prices are trading near a crucial resistance of 107. Stochastic is
losing its strength. We expect prices to correct up to levels of 104.20.
Trading Call: Sell around 121 levels with a stop loss placed above 122 levels for targets of 119 levels.

Zinc suggest that prices are trading near a crucial resistance of 107. Stochastic is
losing its strength. We expect prices to correct up to levels of 104.20.
Trading Call: Sell around 106 levels with a stop loss placed above 107 levels for targets of 104.20 levels.
http://www.merits.in/online-sharetrading.aspx
Aluminium suggest that prices have reversed after taking resistance at 108.50 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 105.50.
Trading Call: Sell around 107.50 levels with a stop loss placed above 108.50 levels for targets of 105.50
levels.

Thursday 15 November 2012

Commodity News For 15 nov. 2012


Gold prices are expected to remain positive. One can buy around 31700 -31650 with a stop loss below 31500 we expect price to test 32000 on higher end.
Silver prices  are expected to remain positive  we expect prices to test  62200  – 62300  on higher end one can buy around 61100 with a stop loss below 60500.
Copper prices are expected to trade within the range from 414 to 424. One can trade within the range. However, 426 acting as a strong resistance.
Nickel  prices  are  consolidating and are  expected  to trade within a range  from 870 to 900 one can trade within the range with a positive bias.
Lead prices might face resistance on higher end at 120.50 one could  short with a stop loss above 121.70.
Crude price are expected to trade within the range from 4780 to 4670 one can buy with a stop loss above 4665.

Monday 12 November 2012

Happy Diwali :Commodity Market News For Today 12th nov. 2012


The Multi Commodity Exchange (MCX) COMDEX opened negative after a fall of 0.04% on Saturday.
It is currently trading lower by 5.15 points, or 0.14%, at 3,699.01 at 10.01 a.m. after opening at 3,703.99.

Other index like MCX Metal is trading upward by 0.49 points, or 0.01%, at 5,212.52 after opening at 5,211.58.

MCX Agri is trading down by 22.98 points, or 1.05%, at 2,160.98 after opening at 2,162.94.

Meanwhile MCX Energy is trading down by 2.42 points, or 0.07%, at 3,324.40 after opening at 3,326.20.

Friday 9 November 2012

Commodity News for Today : for 9th nov. 2012



Bullion:
Precious metals prices rose to three-week highs yesterday as investors continued to bet on easier U.S. fiscal policy following President Obama's victory, and prices also got a bounce
from fears about increased tensions between the United States and Iran.

Base Metal  :
Industrial metals prices edged higher yesterday in cautious trade ahead of a leadership transition in top metals consumer China, which may result in fresh economic stimulus measures, while concerns
about weak demand and the U.S. economy capped the upside.

Energy:
Crude oil prices rose yesterday, rebounding from a nearly 5 percent plunge the previous session, though gains were limited by concerns about Europe's economy coupled with approaching tax increases and spending cuts in the United States.




Thursday 8 November 2012

Commodity Weekly News And Strategies from 5th Nov. to 9th Nov. 2012


MCX GOLD 
MCX GOLD last week showed downward trend it moved in a downward channel pattern and found strong support of lower band of channel, now if it able to break support of 30350 than we expect bearish trend in it towards the level of 30000. On other hand if it takes reversal from lower band than resistance is seen around 30850.

Strategy
Better strategy in MCX GOLD is to sell below 30350 for the target of 29800-29400 with stop loss of 30900.

MCX SILVER 
MCX SILVER last week showed downward trend on daily charts it moves in downward channel pattern and found strong support of lower band of channel. Now, if it takes reversal from lower band than some correction is expected in it towards level of 58850 and if downtrend continuous than support is seen around 56000.

Strategy
Better strategy in MCX SILVER at this point of time is to sell below 56800 for the target of 55700-54800, with stop loss of 58400.

MCX CRUDEOIL 
Crude  oil last week showed downward movement and  found strong support of 4600 which is also its crucial point since last four weeks it was not able to break it, below this it will be in weak zone and may find next support around 4500. On other hand in this week if it is not able to break it than resistance is seen around 4725.

Strategy
Better strategy in MCX CRUDEOIL is to sell below 4600, for the target of 4500 with stop loss of 4715.

MCX Copper
MCX Copper last week showed downward movement on weekly charts it moves in an upward channel pattern and found support around lower band of channel. Now if it breaks support of 414 than find next support around 409 below this breakout of channel pattern is expected. On higher level it will find resistance around 425.

Strategy
Better strategy in the MCX COPPER will be sell below 414, with the stop loss of 425 for the target of 407-400.

Wednesday 7 November 2012

Commodity News and Updates for 7th oct. 2012


Bullion : 
Gold prices are  expected to remain  volatile ahead a US elections, we expect prices to trade within the broad range from 31500 to 30900.
Silver prices closed at higher end with a positive break above 59200. As long as price holds and closes above 59200 prices are expected to trade higher
Base metal : 
Copper prices are expected to trade higher and test the resistance of 425 -426. For intraday one can buy around 421 with a stop loss below 417. Crossing 426 would witness fresh buying to the tune of 430 – 432.
Nickel prices are expected to trade within a range from 866 to 895 one can buy on dips. One can witness a sideways to positive move for the day.
Lead prices are expected to test 121 -122 on higher end one can buy on dips around 118.
Energy: 
Crude  price  have witnessed a break above 4720 and witness fresh buying we expect prices to trade higher to the tune of 4870, buying on dips is recommended around 4780.

Friday 2 November 2012

Commodity New for Today 02 oct. 12


Gold prices are expected to witness a sideways to downward trend one can sell on rise around 31000 -31050 with a stop loss above 31170 for the downside target at 30800 -30750.

Silver prices witnessing selling pressure from higher end we expect prices to test the support at 59400 -59300. For the day we expect prices to trade within a range from 59000 to 60200. Intraday one can sell with a stop loss above 60350.

Copper prices are expected to trade within the range from 418 to 426, one can trade with a positive bias as oscillators are at the oversold zone.

Nickel prices are witnessing pressure at higher end one can expect prices to trade within the range from 865 to 895. One can trade within the range.

Lead was the strongest among the base metal pack. We expect price to cool off around 116, one can expect a support around 113.50 on lower end. Buy on dips is recommended.

Crude price are expected to trade within the range from 4620 to 4740, one can trade within the range with a side ways to positive bias. Support is building up at 4620.

Thursday 1 November 2012

Commodity Weakly News and Updates


MCX GOLD 
MCX GOLD last week showed upward trend it moves in a downward channel pattern and faced strong resistance of upper band of channel, now if it able to break resistance of 31520 than we expect bull trend in it towards the level of 31750. On other hand if it breaks psychological support of 31000 than it may find next support around 30750.

Strategy
Better strategy in MCX GOLD is to buy above 31520 for the target of 31750-32000 with stop loss of 31000.

MCX SILVER
MCX SILVER last week showed down trend and moves in channel pattern on daily chart. Now 59350 is seen as immediate support for it below this it may touch lower band of channel i.e. around 58500. On higher level 61050 is act as resistance for it only above this we expect some correction in it.

Strategy
Better strategy in MCX SILVER at this point of time is to sell below 59600 for the target of 58500-58000, with stop loss of 61100.


MCX Copper 
MCX Copper last week showed sideways movement consolidates around its strong support, and form head and sholder pattern if it breaks support of 431 than it will be in weak zone towards level of 420. On higher level if it give closing above 445 than some correction is expected in it.

Strategy
Better strategy in the MCX COPPER will be sell below 432, with the stop loss of 445 for the target of 420.


MCX CRUDEOIL 
Crude  oil last week broke strong resistance of 5010 but not able to closed above this and form a reversal pattern on daily charts, now if it take reversal from here than it may find strong  support around 4800 below this it is weak towards level of 4600. Correction is expected only if it able to give closing above 5010.

Strategy
Better strategy in MCX CRUDEOIL is to sell on highs, for the targets of 4800 with stop loss of 5050.


Wednesday 31 October 2012

Commodity News For 31st Oct. 2011


Gold closed lower at $1709. Market was range  bound, with a very subdued trading as hurricane Sandy was the main concern for the market.

Silver also opened lower at $31.70, along with copper and cct. rude oil. For past 4 trading session, gold is trading sideways, but as the 7 RSI is at 38, there is still room for further down side. Next technical target should be $1693 (38.2retracement of the may to October uptrend) followed by $1662 (50% retracement). Upside resistance poised at $1720 and $1748. Silver also trading sideways for last 7 session. Immediate  support is at $31.50, the bottom of this sideways trend and resistance is at $32.50.

Crude Oil 
Technically MCX crude is range bound between 4600 to 4690. Weakness is still present as market made a double bottom at 4600. A close below that, could see 4530 and 4470 levels. Strong resistance poised at 4709 and 4770. Fundamentally, price could be well supported as the main focus of U.S oil market is on Hurricane Sandy and its post landfall effect. With the shitting down of the refineries, price may climb higher.

Get free trial for 5 days on commodity 

Tuesday 30 October 2012

Commodity News Updates for 30th Oct . 2012


BULLION:
Gold prices are expected to witness a range bound move from 31200 to 30950.
One can trade with a positive bias and buy on dips around 31000 – 30950 with
a stop loss below 30900.
Silver prices are  expected to  bounce till  60000  - 60100 one can  buy
around 59350-59250 with a stop loss below 58800. Prices are expected
to  trade within a broad range from 60100 to 58800. Fresh buying is
expected above 60100 on closing basis.

METALS
Copper prices are expected to trade within the range from 416 to 426, one
can trade with a positive bias as oscillators are at the oversold zone. One can
buy around 419 with a stop loss below 415.
Nickel prices are expected to trade within the range from 850 to 890. One
can trade within the range with a positive bias maintain a stop loss below
840. Prices  are trading near the strong support zone hence buying is
recommended.
Lead prices as expected to bounce 110 – 110.50, for intraday one can buy
around 108.30 with a stop loss below 107.

ENERGY
Crude price are expected to trade within the range from 4600 to 4700,
one can trade within the range with a side ways to positive bias.

Friday 26 October 2012

Weekly Commodity Report and Technical Tends from 22 -26 Oct. 2012


MCX GOLD Technical Trend
MCX GOLD last week showed upward trend it moves in a downward channel pattern and faced strong resistance of upper band of channel, now if it able to break resistance of 31520 than we expect bull trend in it towards the level of 31750. On other hand if it breaks psychological support of 31000 than it may find next support around 30750.

Strategy
Better strategy in MCX GOLD is to buy above 31520 for the target of 31750-32000 with stop loss of 31000.

MCX SILVER Technical Trend
MCX SILVER last week showed down trend and moves in channel pattern on daily chart. Now 59350 is seen as immediate support for it below this it may touch lower band of channel i.e. around 58500. On higher level 61050 is act as resistance for it only above this we expect some correction in it.

Strategy
Better strategy in MCX SILVER at this point of time is to sell below 59600 for the target of 58500-58000, with stop loss of 61100.

MCX CRUDEOIL Technical Trend
Crude  oil last week broke strong resistance of 5010 but not able to closed above this and form a reversal pattern on daily charts, now if it take reversal from here than it may find strong  support around 4800 below this it is weak towards level of 4600. Correction is expected only if it able to give closing above 5010.

Strategy
Better strategy in MCX CRUDEOIL is to sell on highs, for the targets of 4800 with stop loss of 5050.

MCX Copper Technical Trend
MCX Copper last week showed sideways movement consolidates around its strong support, and form head and sholder pattern if it breaks support of 431 than it will be in weak zone towards level of 420. On higher level if it give closing above 445 than some correction is expected in it.

Strategy
Better strategy in the MCX COPPER will be sell below 432, with the stop loss of 445 for the target of 420.

Tuesday 23 October 2012

Commodity News and Updates for 23 Oct. 2012



BULLION :
Gold prices are expected to trade within a range from 30950 to 31200. One can trade within the range with a negative bias.  Fresh  selling could trigger below 30950.
Silver prices are  expected to trade within the range from 59000 to 60200. One can sell on rise around 60000 with a stop loss above 60350.

BASE METTLE :
Copper  prices  are  expected  tested the  support at  428 on lower end, if sustains below 428 prices are expected to test 424 -423. one can sell on rise around 431 - 432 with a stop loss above 435 for intraday.
Nickel prices are expected to trade within the range from 875 to 900. One can trade within the range with a positive bias maintain a stop loss below 870.
Lead prices as expected to trade lower till 109 – 109.50, we expect prices to bounce from these levels till 112. One can trade within the range form 109 to 112 for the day.

ENERGY: 
Crude  price  are expected to  remain under pressure  till 4730  – 4720whereby it seems to hold. one can buy around that levels with a stop loss below 4670. Prices are expected to bounce till 4830.


Monday 22 October 2012

Commodity News today : 22 oct . 20122


Gold and Silver 
 Yesterday Gold closed almost unchanged at $1749. The metal continues to consolidate the nasty fall from $1795 to $1730over the past two week. From a price perspective, while the metal holds below $1758, the risk is to the downside. Our short term target after $1730 is $1693, which is the 38.2% retracement of the may to September up move ($1528 to $1795).
Silver was slightly higher yesterday and closed at $33.14.the metal is still weak following the impulsive downfall fro $35.10 to $32.57 in the last couple of week. We need a close above $33.59 to remove the negative bias. Our initial target $31.84.

Crude Oil 
Enthusiasm in WTI was perhaps somewhat dampened by the strong build in EIA crude oil inventories. The report stated:U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.9 million barrels from the previous week. At 369.2 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year.

 MCX crude oil is range bound in between 4800 and 4930. As crude is manage to holds above 4856, it looks good to me and there could be chance for a upside momentum. Price could test 5030, if there will be a close above 4940 levels.

Saturday 20 October 2012

Weekly Commodity Report : for this Week


MCX GOLD Technical Trend
MCX GOLD last week showed downtrend it moves in a downward channel pattern and faced strong resistance of upper band of channel, now if it able to break this resistance than we expect bull trend in it towards the level of 31750. On other hand if it breaks psychological support of 31000 than it may find next support around 30750.

Strategy
Better strategy in the MCX GOLD is to buy above 31510 for the target of 31750-3200, with stop loss of 31100.

MCX SILVER Technical Trend
MCX SILVER last week showed down trend it took strong resistance of trend line from high of this contract now if it able to break 62350 on higher level than the breakout of trend line is expected. On other hand if it breaks 61000 than this down trend continuous and find next support around 59900 below this it is too weak towards level of 58500.

Strategy
Better strategy in MCX SILVER at this point of time is to sell below 61000 for the target of 59900-58500, with stop loss of 62350.

MCX CRUDEOIL Technical Trend
Crude  oil last week broke strong resistance of 4910 but not able to closed above this and from a reversal pattern on daily charts, now if it take reversal from here than it may find strong  support around 4800 below this it is weak towards level of 4600. Correction is expected only if it able to give closing above 4910.

Strategy
Better strategy in MCX CRUDEOIL is to sell on highs, for the targets of 4600 with stop loss of 4970.

MCX Copper Technical Trend
MCX Copper last week showed sideways movement consolidates around its strong support of 431 if it breaks this support than it will be in weak zone towards level of 420. From last two weeks it moves in range of 431-442. On daily charts it face resistance of trendline from its high, above 442 breakout is expected and some corection is seen in it.

Strategy
Better strategy in the MCX COPPER will be sell below 431, with the stop loss of 440 for the target of 420.

Friday 19 October 2012

Commodity News and Latest Update


 BULLION :
Gold prices are  expected to  bounce to the tune of 31450  if sustained above 31300,  one can buy around 31300 with a stop loss below 31220.  one could witness profit booking around 31450 -31500.
Silver prices are resisting 61000 -61100  zone. Prices  are expected to trade within the range from 61000 to 60000. Fresh buying recommended above 61000.

BASE METAL : 
Copper prices as expected tested the zone at 445 -446. For intraday one can sell around 443 – 443.50 with a stop loss above 447 for the target around 438 – 436.
Nickel prices are expected to trade within the range from 935 to 910. One can buy on dip around 915 -910 with a stop loss below 900.
Lead prices as expected tested 114.50 - 114 on lower end, one can buy on dips around 114 with a stop loss below 112.80 for the target at 116.30  -116.60.

 ENERGY : 
Crude price are expected to test the resistance zone at 4960 – 4980 if  prices sustain below that one can sell with a small stop loss above 4990. Prices are expected to test 4910 -4900.

Thursday 18 October 2012

Commodity News with Market Rate and Target for 18th Oct 2012


BULLION:  Gold closed slightly higher, partially recovering from sharp losses early in the week, Gold holdings  of SPDR gold trust, the largest ETF backed by the precious metal, declined to 1,333.89 tons, as on Oct. 15.
Silver holdings of ishares silver trust, the largest ETF backed by the metal, declined to 9,861.44 tons, as on Oct, 16.
                                              High            Low         Close    %Chg    
 Gold(Dec) /10 gm -             31,163        31,041       31,140      0.3    
Silver(Dec) /kg-                    60,640        60,060       60,574      0.9  
Gold Mini /10 gm  -              30,998        30,882        30,975     0.3    
Silver Mini /kg -                    60,650        60,071        60,593     0.9    

BASE METALS : Copper futures & other metals closed higher, on a stronger euro and surprisingly good housing data in the US.

Alum Oct -                           104.7          102.6           104.4      1.2  
Copper Nov-                       439.6           433.1           439.2      1.1
Lead Oct -                           114.5          111.5          114.0        1.7
Nicke Oct -                          908.0          889.1          906.9       1.5
Zinc Oct -                             100.9           98.9          100.5        0.9

ENERGY :
Crude oil futures traded steadily above $92 per barrel level, as sentiments were weighed by better demand prospects from a weaker dollar and jump in US housing starts, against a biggerthan-expected rise in crude supplies. Crude stocks at Cushing, Oklahoma fell by 140,000 barrels to 44.03mn barrels, as per EIA.
Natural gas futures recovered from early losses, on speculation that government data may show a smaller than-normal increase in stockpiles for last week. Natural gas stocks are expected to increase by 47-50bn cubic feet, actual data will be released by EIA later in the day.

Cr. oil (Oct) /bbl -               4,912           4,845            4,868      0.2
Nat.gas (Oct) /mmbtu -         185.3           180.3            183.4    0.9


Trade Recommendations
Commodity                Strategy        Levels       Target 1        Target 2       Stop-Loss      Trend
Gold (Dec)                     Buy        31070-31090    31170            31250             31040       Corrective
Silver (Dec)                    Buy        Above 60640    60850             61050            60490       Corrective
Copper (Nov)                Buy        Around 440            443                 446                438        Sideways
Aluminum (Oct)             Buy         Around 104.5         105.5             106.5              103.8     Sideways
Lead (Oct)                    Buy         114.1-114.3           115.3              116.5             113.5     Sideways
Nickel (Oct)                  Buy             905-908              920                 935                897          Down
Zinc (Oct)                     Buy         100.3-100.5           101.5                -                     99.7      Sideways
Crude oil (Oct)             Buy         Around 4850          4880              4910               4835          Down
Natural gas (Oct)          Sell             Below 184           181                178                  186.4          Up







Wednesday 17 October 2012

Commodity Tips for 17 Oct. 2012


Commodity Levels  
                                               R2         R1      PIVOT       S1           S2
Bullion MCX :                  
Gold                                    31,238   31,218   31,040    31,020    30,842
Silver                                   60,488   60,301   60,031    59,844    59,574

Base Metal MCX: 
Aluminum                                 105        104        103         102         101
Copper                                     437       436        434         433         431
Lead                                         113       113        112         112         111
Nickel                                       917       897       894         873         870
Zinc                                          101       100       100           98           98

Energy MCX:
Crude oil                                 4,906     4,881     4,859     4,834     4,812
Nat. Gas                                    188        183        182        177        176

Tuesday 16 October 2012

Daily Commodity news : 16 oct 12


Gold futures fell more than 1%, as data from two of the world’s biggest economies helped spur an overall rally in global stock markets while a stronger US dollar added further pressure on the precious metal.

Silver holdings of ishares silver trust, the largest ETF backed by the metal, declined to 9,885.54 tons, as on Oct, 15.

Copper futures fell to a one-month low, on concern that policy makers in China, the biggest consumer of the metal, may refrain from additional economic stimulus after exports grew more than expected in September.The world refined zinc market is expected to be in surplus of 153,000 tons in the year 2012 and a more significant excess of 293,000 tons anticipated in 2013, as per ILZSG.

Crude oil futures bounced back from a dip below $90 per barrel to closed on a flat note, as traders mulled over economic data from the US.

Natural gas futures dropped for the first time in 6-sessions, on forecasts of warmer-than-normal weather in US that would reduce consumption of the heating fuel.

Monday 15 October 2012

Commodity News For 15 oct 12


Gold prices moved lower amid better flow of macroeconomic numbers in US. Better than expected consumer sentiment dented the safe have appeal to an extent. In spite of the recent weakness in the precious metals complex, we infer that gold prices should find support around US$1,740/ounce levels. On the domestic front, Rs31,000/10gms act as a good support level.  

Base metals ended lower, devoid of any impetus.  Market participants are waiting for further direction from the slew of Chinese macroeconomic numbers scheduled to be released this week, including industrial
production and Q3 GDP data. In the meantime, better than expected Chinese trade data should provide some kind of support to the non‐ferrous complex. China's exports grew at roughly twice the rate expected in September while imports also expanded.

Crude oil futures ended lower, as lower global demand estimates from EIA and weak economic growth forecasts across various geographies have managed to offset the looming geopolitical tensions emanating from the Middle East.


Friday 12 October 2012

Commodity Weekly News, 8th - 12th Oct.



MCX GOLD Technical Trend
MCX GOLD DEC last week showed downtrend it moves in a downward channel pattern, took support around the psychological level of 31000 we expect if it break this level than it may find next support around lower band of channel i.e. 30650. Breakout of channel pattern is expected above 31350 after that next resistance is seen around 31650.
Strategy
Better strategy in the MCX GOLD is to sell below 31000 for the target of 30650-30450, with stop loss of 31500.
MCX SILVER Technical Trend
MCX Silver last week showed down trend it took strong resistance of trend line from high of this contract now if it able to break 62600 on higher level than the breakout of trend line is expected. On other hand if this down trend continuous than it will find next support around 60500 below this it is too weak towards level of 59000.
Strategy
Better strategy in MCX SILVER at this point of time is to buy above 62600 for the target of 63800-64700, with stop loss of 61000.
MCX CRUDE OIL Technical Trend
Crude  oil last week showed downtrend on weekly charts it broke trendline and gave closing below this. Now we expect this down trend is continuous if it able to break crucial support of 4570 below this it may find support around 4450. Some correction is expected only if it able to give closing above 4765.
Strategy
Better strategy in MCX CRUDEOIL is to sell on highs, for the targets of 4570 with stop loss of 4825.
MCX Copper Technical Trend
MCX Copper last week showed downward trend on weekly chart it moves in an upward channel pattern and found strong support around 430 if it able to break this support than this week it may touch lower band of channel i.e. around 420. On daily charts it found strong resistance of 442 only above this correction is expected.
Strategy
Better strategy in the MCX COPPER will be sell below 432, with the stop loss of 442 for the target of 420.

Commodity, Precious Metals and Crude Technical Out look for 12 oct 12


Bullion:
Gold prices are expected to trade within a range from 31250 to 31500. One can buy on dip around 31370 with a stop loss below 31250.
Silver prices are  resisting at 62400 which  is the downward sloping trendline. Prices  can test 61400  – 61200  on lower end.  Fresh  buying recommended above 62400.

Base Metal: 
Copper  prices  are likely to trade  sideways from 434 to 440. One  can trade within the range with a positive bias
Nickel  prices  are expected to  test 920  one can look to buy the counter around 920 with a stop loss below 905
Lead prices are expected to test 114 on lower end which seems to hold. For intraday one can buy with a stop loss below 113.

Energy:
Crude price are expected to trade lower to the tune of 4830 -4800, one can sell on rise around 4890 -4900 with a small stop loss above 4920.

Thursday 11 October 2012

Commodity Current Market News for 11th oct 12

Current Market

MCX Gold - current mkt price- 31464.0
Today it opens at 31457.0
Goes as High as 31511.0 and Low as 31432.0

INTERNATIONAL GOLD - current mkt price - 1765.90 
Today it opens at 1767.30
Goes as High as 31511.0 and Low as 1760.20

MCX SILVER - current mkt price -62143.0
Today it opens at 62161.0
Goes as High as 62328.0 and Low as 62101.0

INTERNATIONAL CRUDE - current mkt price -113.58
Today it opens at 113.56
Goes as High as 113.76 and Low as 113.26

Wednesday 10 October 2012

Best Commodity Intraday Tips For Today 10 oct. 2012


Gold Prices are expected to trade positive and are likely to witness 31450 31500, one can buy on dips around 31280. Oscillators suggest prices are expected to trade higher.

Silver Prices are expected to trade higher for the day one can maintain a stop loss below 61000 and enter long.

You can sell mcx novem Copper between 445/450 sl 466 tgt 420/415

Can Buy mcx Aluminum between 106/107 sl 99 tgt 117/120

Also Buy mcx nickel 915/925 sl 875 tgt 980/990

Buy mcx lead 109/110 sl 101 tgt 122/125

Buy mcx Zinc 104/105 sl 98 tgt 115/118

Tuesday 9 October 2012

Commodity News For Today 9th oct 12


MCX Gold December Contract is looking slightly negative for the day. Market may find support near 31200 & 31090; intraday resistance can be seen near 31330 & 31420. Day traders are advised to sell intraday on rise. (Sell around 31330 with SL 31420, for the target of 31200 & 31090.)

MCX Silver December Contract is looking slightly negative for the day. Market may find support near 61200 & 60700; intraday resistance can be seen near 61700 & 62200. Day traders are advised to sell intraday on rise (Sell around 61700 with SL 62200, for the target of 61200 & 60700.)

MCX Natural Gas October contract is looking slightly positive for the day. Market may find support near 178 & 175 intraday resistance can be seen near 182 & 185 Day traders are advised to buy intraday on dips. (Buy around 178 with SL 175 for the target of 182 & 185.)

MCX Crude Oil October contract is looking slightly negative for the day. Market may find support near 4670 & 4620; intraday resistance can be seen near 4730 & 4790. Day traders are advised to sell intraday on rise. (Sell around 4730 with SL 4790, for the target of 4670 & 4620.)

MCX Copper November contract is looking slightly negative for the day. Market may find support near 431 & 428; intraday resistance can be seen near 434 & 437. Day traders are advised to sell intraday on rise. (Sell around 434 with SL 437, for the target of 431 & 428.)

MCX Nickel October contract is looking slightly negative for the day. Market may find support near 942, 932; intraday resistance can be seen near 955 & 964. Day traders are advised to sell intraday on rise. (Sell around 955 with SL 964, for the target of 942 & 932.)





Monday 8 October 2012

Commodity Trading Market News


Indian Gold futures are likely to extend losses for a fifth week, breaking their lowest level in more than a month, weighed by a stronger dollar.The most-active gold for December delivery on the Multi Commodity Exchange (MCX) was 0.34 percent higher at Rs 31,272 per 10 grams, after hitting a low of Rs 31,081 earlier in the day, nearing a level last seen on August 31.
Selling is advised on rallies in gold at Rs 31,350, with a stop loss at Rs 31,500, targeting Rs 31,000, said Gnanasekar Thiagarajan, director with Commtrendz Research in Mumbai, adding the firm dollar could weigh on prices. A revival in imports ahead of festivals could keep the downside in prices limited, analysts said. The festival and wedding season will start picking up in late October and peak next month during Diwali and Dhanteras, traditionally occasions for buying gold.

Silver extended losses for another session to its lowest in more than a month following copper, another industrial metal.Silver for December delivery on the MCX was 0.77 percent lower at Rs 61,324 per kg, after hitting a low of Rs 61,043 earlier in the session, a level last seen on September 5.Selling is also advised on rallies in silver at Rs 61,900, with a target of Rs 60,500.

Falling Crude Oil prices are also likely to weigh on prices of the yellow metal, which is also considered as a hedge against inflation.


Today's Update for Commodity.


Gold continued downfall on Monday extending its losses from the previous session, positive job dat weakened the sentiment for additional stimulus measure.
Gold importers in India, the world's biggest buyer of bullion, continued to place deals in view of upcoming festivals as prices stayed in the vicinity of their lowest levels in five weeks. for  December delivery on the Multi Commodity Exchange (MCX) was 0.04 percent  higher at INR31,067/10gms. After hitting the low of INR31,128/10gms.

 crude prices remained well near $89 on Monday, global concerns and Europe’s debt crisis is putting pressure on global oil prices with reducing demand for oil globally.
U.S. natural gas futures ended lower in the front-month November contract pressured by Thursday's bearish weekly inventory report and by forecasts for mild mid-month weather that should slow demand.

copper fell more than 1 percent on Monday, giving up last week's gains as the dollar firmed after a surprise drop in the U.S. jobless rate, while  traders eyed data from top consumer China later this week for clues on demand.Benchmark copper on the London Metal Exchange (LME) ended at $8,295 a ton, not far from a close of $8,305 on Thursday.

todays Update:

MCX GOLD

 31121.0
Change
-46.0
Open
31136.0
High
31169.0
Low
31102.0


INTERNATIONAL GOLD

 1,773.20
Change
-7.60
Open
1,782.00
High
1,782.50
Low
1,768.20


MCX SILVER

 61306.0
Change
-494.0
Open
61725.0
High
61725.0
Low
61270.0


INTERNATIONAL CRUDE

 111.38
Change
-0.64
Open
111.63
High
111.70
Low
111.38