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...

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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...

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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...

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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...

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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...

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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...

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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...

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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  ...

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Commodity Tips for 17 Oct. 2012

Commodity Levels                                                  R2         R1      PIVOT       S1           S2 Bullion MCX :                   Gold                                    31,238   31,218  ...

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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...

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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...

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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...

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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...

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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 ...

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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...

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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,...

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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,...

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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...

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Commodity Trading Tips for 6th September.

MCX Silver December Contract is looking slightly positive for the day. Market may find support near 61800 & 61300; intraday resistance can be seen near 62500 & 62900. MCX Copper November contract is looking positive for the day. Market may find support near 432 & 429; intraday resistance can be seen near 437 & 440. MCX Crude oil October contract is looking slightly positive for the day. Market may find support near 4710 & 4660; intraday resistance can be seen near 4750 & 4800. ...

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Commodity Updates

Gold today jumped on signs of more demand in India, the biggest buyer for the coming festival and marriage season and a weakening dollar. The precious metal climbed 0.5 per cent to USD 1,786.22 an ounce and silver by 1.1 per cent to USD 34.96 an ounce on expectations the demand from India might pick up for approaching festivals like 'Navratras' and marriage season.  Copper edged higher on Thursday, helped by a stronger euro on expectations...

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Commodity Market News for 4th october 2012

Gold rose on Wednesday, with prices just shy of recent 11 month highs, as investors awaited a US employment report for signs of recovery in the world's biggest economy.  Spot gold was 0.3 percent higher at $1,778.50 an ounce by 1022 G MT. Trade was thin as China, the world's largest commodity consumer, remained on a week-long holiday.   Silver prices moved down by 0.53 per cent to Rs 62,600 per kg in futures trade today after...

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Commodity Trading Tips for 4th october 2012

Tracking a weak global trend, Gold prices fell by Rs 72 at Rs 31,343 per 10 grams in the futures trade today as speculators offloaded their positions. At the Multi Commodity Exchange, gold for delivery in December fell by Rs 72, or 0.23%, to Rs 31,343 per 10 grams, with a business turnover of 1,499 lots. October gold lost Rs 32, or 0.10%, to Rs 31,001 per 10 grams, with a business turnover of 125 lots. Marketmen said speculators offloaded positions amid a weak global trend as retail sales data from Europe may add to signs of economic weakness. Meanwhile,...

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Commodity News for 3rd October 2012.

Bullion: Gold futures on domestic exchanges fell to a one-month low as the strong rupee against the dollar and weak COMEX futures weighed on prices. On COMEX, the precious metal fell on profit booking, after touching a six-month high last week. The metal recovered some of its early losses as the dollar weakened against the euro.  Energy: Crude oil futures were trading lower on the MCX tracking fall in benchmark...

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