MCX Gold Silver Tips / Free MCX Crude Tips / MCX Copper Trading Tips / MCX Daily Tips / MCX Tips Expert News for 11th Feb 2013

Bullion :

MCX Gold seems positive for the day. Support expected around 30680 & 30570; intraday resistance can be seen near 30880 & 30570. Day traders are advised to buy on dips.

MCX Silver seems positive for the day. Support expected around 57800 & 57200; intraday resistance can be seen near 58600 & 59200. Day traders are advised to buy around 57800 with SL 57200, for the target of 58600 & 59200.

Base Metal:

MCX Copper seems positive for the day. Support expected around 443 & 440; intraday resistance can be seen near 448 & 451. Day traders are advised to buy around 443 with SL 440, for the target of 448 & 451.

MCX Lead seems slightly positive for the day. Support expected around 128.90 & 127.70; intraday resistance can be seen near 130.60 & 131.80 Day traders are advised to buy around 128.90 with SL 127.70 , for the target of 130.60 & 131.80.

MCX Nickel seems slightly positive for the day. Support expected around 974, 965, intraday resistance can be seen near 992 & 1002.Day traders are advised to buy around 974 with SL 965, for the target of 992 & 1002.

MCX Aluminium seems slightly positive for the day. Support expected around 111.50, 110.40, intraday resistance can be seen near 113.10 & 114.20.Day traders are advised to buy around 111.50 with SL 110.40, for the target of 113.10 & 114.20.

Energy :

MCX Natural Gas seems negative the day. Support expected around 175 & 172 intraday resistance can be seen near 179 & 182. Day traders are advised to sell around 179 with SL 182 for the target of 175 & 172.

MCX Crude oil seems slightly positive for the day. Support expected around 5140 & 5090; intraday resistance can be seen near 5190 & 5240. Day traders are advised to buy around 5140 with SL 5090, for the target of 5190 & 5240.

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MCX Commodity tips for 17th Jan 2013

Bullion :

MCX Gold seems positive for the day. Support expected around 30820 & 30720; intraday resistance can be seen near 30930 & 31030. Day traders are advised to buy around 30820 with SL 30720, for the target of 30930 & 31030
MCX Silver seems positive for the day. Support expected around 59200 & 58700; intraday resistance can be seen near 59700 & 58700. Day traders are advised to sell around 58700 with SL 58700, for the target of 59700 & 60200.

Base Metal :

MCX Copper seems to be slightly negative for the day. Support expected around 437 & 434; intraday resistance can be seen near 441 & 444. Day traders are advised to sell around 441 with SL 444, for the target of 437 & 434.

MCX Lead seems negative for the day. Support expected around 123.20, 122.10, intraday resistance can be seen near 124.50 & 125.60 Day traders are advised to Sell around 124.50 with SL 125.60 for the target of 123.20 & 122.10

MCX Nickel seems to be negative for the day. Support expected around 946, 936, intraday resistance can be seen near 963 & 972. Day traders are advised to sell around 946 with SL 936 for the target of 963 & 972
.
MCX Aluminium seems to be negative for the day. Support expected around 109.70, 108.60, intraday resistance can be seen near 111.40 & 112.50 Day traders are advised to Sell around 111.40 with SL 112.50 for the target of 109.70 & 108.60

Energy :

MCX Natural Gas seems positive for the day. Support expected around 185 & 182 intraday resistance can be seen near 189 & 192. Day traders are advised to sell around 185 with SL 182 for the target of 189 & 192.
MCX Crude oil seems positive for the day. Support expected around 5120 & 5070; intraday resistance can be seen near 5190 & 5240. Day traders are advised to buy around 5120 with SL 5070, for the target of 5190 & 5240.

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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 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.

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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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"Overall commodity market trend for 25th sept" by Merits

As the Gold price was on the one hand boosted by more central bank stimulus actions around the world and on the other hand it got hampered by weaker economic data out of Europe, China and Japan which caused the US dollar to strengthen.

Crude oil continues to decline, even with additional stimulus offered by the Bank of Japan last week. Earlier Crude oil rose after the announcement only to decline again. Falling global production and manufacturing continues to plague the economies around the world

MCX Gold is in bullish trend and consolidating around higher levels. For the coming week 32,500 will act as a major resistance level and 31,180 will act as a major support level in MCX Gold Oct. futures. Last week MCX Gold Oct futures remained sideways but on Friday, we saw profit booking in it. For the next week traders can use buy on lower level strategy, if MCX Gold October futures sustains above 31,400 then  it could test the levels 32,100 / 32,450 with strict SL of 31,200.``

MCX Silver is also bullish on the charts and consolidating around higher levels. For the coming week 66,600 is the major resistance levels whereas 61,900 is major support in MCX Silver Dec. futures.  Last week a MCX Silver Dec. future was sideways around higher levels. For the next week traders can use buy on lower level strategy, if Silver Dec. futures sustains above 64,850 then it could test the levels of 65,700/ 66,400,`` it said while commenting on silver outlook.

MCX Copper futures is bullish but last week it was unable to sustain at higher levels and in last 2 days of the week, we saw profit booking in it. For the coming week 439 and 433 will act as major supports whereas 455 and 463 will act as major resistances in MCX Copper Nov. futures. For the next week in MCX Copper, traders can use sell on higher level strategy and if it sustains below the level of 445 then it could test  the levels of 439 / 433

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