MCX Commodity Tips For 16th Jan 2013

Bullion:

MCX Gold seems positive for the day. Support expected around 30820 & 30720;
intraday resistance can be seen near 30950 & 31060. Day traders are
advised to buy around 30820 with SL 30720, for the target of 30950 & 31060.

MCX Silver seems slightly positive for the day. Support expected around 59200  &58700; intraday resistance can be seen near 59700 &  60200. Day traders are
advised to buy around 59200  with SL 58700, for the target of 59700 & 60200.

Energy:

MCX Natural Gas seems negative the day. Support expected around 187 & 184 intraday resistance can be seen near 191 & 194. Day traders are advised to buy around 187 with SL 184 for the target of 191 & 194.

MCX Crude oil seems positive for the day. Support expected around 5105 & 5045; intraday resistance can be seen near 5160 & 5210. Day traders are advised to buy around 5105 with SL 5045, for the target of 5160 & 5210.

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MCX Commodity Tips For 15th Jan 2013

Bullion:

MCX Gold seems negative for the day. Support expected around 30640 & 30520;
intraday resistance can be seen near 30820 & 30940. Day traders are
advised to sell around 30820 with SL 30940, for the target of 30640 & 30520.

MCX Silver seems slightly positive for the day. Support expected around 58300  &57700; intraday resistance can be seen near 58900 &  59500. Day traders are
advised to buy around 58300  with SL 57700, for the target of 58900 & 59500.

Base Metals:

MCX Copper seems to be negative for the day. Support expected
around 438 & 435; intraday resistance can be seen near 443 & 446. Day
traders are advised to sell around 443 with SL 446, for the target of 435 &
435.

MCX Lead seems negative for the day. Support expected around 124.20,
123.10, intraday resistance can be seen near 125.90 & 126.90 Day traders
are advised to Sell around 125.90 with SL 126.90 for the target of 124.20
& 123.10

MCX Nickel seems to be negative for the day. Support expected around 938,
928,intraday resistance can be seen near 951 & 962. Day traders are advised to sell around 951 with SL 962 for the target of 938 & 928.

MCX Aluminium seems to be negative for the day. Support expected around 110.80,109.70 intraday resistance can be seen near 112.50 & 113.60 Day traders are advised to Sell around 112.50 with SL 113.60 for the target of  110.80 & 109.70

Energy:

MCX Natural Gas seems negative the day. Support expected around 182.5 & 179 intraday resistance can be seen near 186 & 189. Day traders are advised to buy around 182.50 with SL 179 for the target of 186 & 189.

MCX Crude oil seems positive for the day. Support expected around 5070 & 5020; intraday resistance can be seen near 5120 & 5170. Day traders are advised to sell around 5120 with SL 5170, for the target of 5070 & 5020.

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MCX Commodity Tips For 14th Jan 2013

MCX Gold seems negative for the day. Support expected around 30640 & 30520;
intraday resistance can be seen near 30820 & 30940. Day traders are
advised to sell around 30820 with SL 30940, for the target of 30640 & 30520.

MCX Silver seems negative for the day. Support expected around 57500  &
57000; intraday resistance can be seen near 58300 &  58800. Day traders are
advised to sell around 58300  with SL 58800, for the target of 57500 & 57000.

MCX Copper seems to be slightly positive for the day. Support expected
around 444 & 441; intraday resistance can be seen near 448 & 451. Day
traders are advised to buy around 448 with SL 451, for the target of 444 &
441.

MCX Lead seems negative for the day. Support expected around 125.20,
124.10, intraday resistance can be seen near 126.90 & 127.90 Day traders
are advised to Sell around 126.90 with SL 127.90 for the target of 125.20
& 124.10

MCX Nickel seems to be negative for the day. Support expected around 951,
 942,intraday resistance can be seen near 970 & 980. Day traders are
advised to sell around 951 with SL 942 for the target of 970 & 980.

MCX Aluminium seems to be negative for the day. Support expected around
113.60,112.50, intraday resistance can be seen near 115.10 & 116.20 Day
traders areadvised to Sell around 113.60 with SL 112.50 for the target
of 115.10 &116.20

MCX Natural Gas seems negative the day. Support expected around 178 & 175
intraday resistance can be seen near 183 & 186. Day traders are advised to
sell around 178 with SL 175 for the target of 183 & 186.

MCX Crude oil seems positive for the day. Support expected around 5070 &
5020; intraday resistance can be seen near 5150 & 5200. Day traders are
advised to buy around 5070 with SL 5020, for the target of 5150 & 5200.

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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.

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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.

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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 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.

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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, 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.

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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 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

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