MCX commodity trend in upcoming week || MCX- NCDEX reports || Live MCX rates and tips for Monday 1 July

MCX Market report

In global market bullion prices are  fall by more than 15 percent in last weeks after fed chairman report that central bank reduces its $85 million monthly bond purchase this year.  In domestic market gold prices comes under 26000 this week after a sharp fallen on Wednesday at MCX.   This week gold prices open in downside but expected to close in green side around 25690.  Meanwhile more fallen are goes to seen in future delivery at MCX in upcoming weeks. In MCX silver a huge destruction had seen in this week and more fallen are expected in upcoming week, currently silver support a strong negative trend on day trading and in upcoming week expected to play below 40000 near 38500.

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MCX energies are trading in with a mixed movement in this week, moving to crude it crosses the mark of 5800 on intraday trading while mentha oil playing with a mixed trend and trade in the range of 975 to 1030. This week crude open with a green flag around 5700 and currently its traded on negative side around 5766 at 12:40 pm. But in upcoming week energies are looking with a volatile picture for active session on 3^Rd quarter that going to open from Monday. If we talk about natural gas it seem to be bearish in this week around 212, but increment in dollar against all major currencies support energies in domestic MCX market.

Base metal are trading at negative side on Saturday, MCX copper, nickel, lead, zinc all are suffering with a low monsoon physical buying.  Demand in industry drop due to increment in metal import rates and investor are stepping with a slow movement on electronic buying at MCX commodity market. If we talk to global market china market trading sequentially soften in second quarter. At LME copper are trading marginally higher at $ 6763.50.  In lead and zinc are improvement are looking in upcoming on global market.

NCDEX

In NCDEX some season increment going to seen in jeera, potato, castor seed and chana in the big script. Meanwhile good trends are being watched on coriander a price that’s trading around 6440-6570 for active delivery.  In upcoming week god market swings is expected and have a good time to trade in Coriander, jeera, potato, castor seed.

  

MCX report| future commodity trend for upcoming week and free commodity tips for Monday

Bullion

Indian currency diminishes and its affect are seen on commodity market, yesterday silver comes under pressure and break down through the level of 44000. While gold price also depreciated in domestic future and spot market, currently gold are trading in the range of 27400 to 28000, but more decrement must be seen in upcoming days. Due to weak rupees silver price are expected to come near 41000 in this month.

Energies

Increment in dollar price support crude oil in domestic and result oil price in green side above 5500, open interest also support the trend with good volume and in upcoming weeks crude oil prices are expected to be volatile.

In MCX for future delivery natural gas and mentha oil are looking to green side in upcoming weeks. Mentha oil is hopes to again cross the mark of 1000, but lower demand in Asian market forces him back.  Natural gas for future delivery gains its position with a sharp edge near 221 and expected to increment near to 225 in upcoming days.

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Base metals

On Saturday trading session base metal are trading in positive direction, nickel, copper, lead, zinc and aluminum all are looking lazy and weak but expected to good trading on Monday with volatile trend . Global physical demand in aluminum and copper are increased especially in china market and that support the Asian market.

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Commodity forecast- MCX commodity movement for Monday and MCX report and trading tips

In This week a big swing had seen in domestic bullion market on future contracts, on one hand gold prices are jump by more than +400 point on Multi Commodity Exchange. Some drop has seen on US market after its employment data report show a high job in April more than it is expected.  On Friday a yellow metal jump on domestic market for June delivery by more than +255 point and close at 26825.  Silver roses with +900 point on Friday trade for May delivery. In upcoming week bullion are expected to trade with a good level and show some light correction on commodity market.

Silver for July delivery expected to trade in the range of 44600 to 48300 on MCX.

Gold for June delivery expected to trade 26200 to 27600.

Base metal especially copper and nickel show a huge jump after a long time on domestic future trading. Cut on ECB main interest rate by 25 basis points give support to Asian market metal.  On domestic market volatile movements are seen in remaining metal like zinc, lead and aluminum.

In upcoming week base metal are expecting to trade low with bearish movement on MCX market.

Crude oil for May delivery trade in the range of 5060 to 5198 for future delivery, global crude is bearish with sluggish movement. On domestic market crude oil price are expected to trade on bull side in upcoming week with a low volatile trading session.

MCX cotton are continue its rocking style in this week also,  this week cotton expecting to trade above 18000 with a support level of  17800, 17500 and a resistance of 18500, 18600. Currently cotton is in good position an on Domestic market and appears to break all time record soon on MCX market.

Mentha oil is volatile on Indian commodity market, in present week it shows good sign with up position.  Mentha oil for May delivery expected in upside in upcoming week with bullish movement on MCX.

  

  

MCX report and Commodity trend in upcoming week

Top Commodity bounce back again at multi commodity exchange, gold prices again raise towards good direction and a little sweet fragrance are coming from MCX gold. Currently gold is above 26000 a good jump in this end of the week after a huge fall on early of this week.  In upcoming week more positive reaction are expecting form yellow metal and many analyst believe that gold prices again playing at their top. Similarly white metal also tries to recover from a huge destruction. 

Currently silver is on green side with bit positive trend and expecting more hike in upcoming week.  Recently a silver price gains a good movement and crosses the level of 43000. In global market some volatility had seen in this week and hopes a positive trend in upcoming week.

Base metal at multi commodity exchange trade on light positive side on the end of week, Copper, nickel, zinc, lead and aluminum are following a good trend in overseas market. Nickel and copper and expected to go high in upcoming week in Asian market. In domestic market copper is trading above 376 and acquiring more correction. Nickel price are following a good trend but due to lower support at LME push it back, currently copper price are trading at 820.90 at 1.59 pm.

In upcoming week more correction might be seen in base metal with a good jumping in copper and nickel. While lead, zinc and aluminum are moving up with a small correction.

In Asian market crude oil prices are roses on Friday, whereas on domestic market crude for May deliveries are trading flat on Saturday at positive side. Currently Movement In crude oil is good for medium long term and in upcoming day again we see a mark of 5000 in May.

Mentha oil is too near to crosses the level of 1000, but a week response in mentha form overseas market forcing to trade in the range of 960 to 999. But it seems that soon mentha oil give a chance to see the level of 1000 in coming trading session.

MCX cotton are playing an up down position in this month, currently MCX cotton for April delivery are trading on the range of 16450 to 18050. This week cotton was very volatile and high on movement and same form are expecting in upcoming weeks.

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MCX India weekly report,commodity forecast for upcoming week and free gold, silver crude-tips on mobile

This week of domestic market fall by a sharp point. On MCX gold and silver performing very bad, MCX gold prices are started this week from 29700 but on Saturday at 12:58 pm it’s watched at 27892. This was a big depreciation on gold prices near 6 month low on global market similar situation had seen in US gold prices are following to USD  1547.50 and expecting to some correction in upcoming weeks, whereas on China and Russia gold also had fall by more than 3% in this week.  In upcoming week gold is expecting to trade in the range of 26590 to 29845 and more on domestic market.

MCX silver prices again holding the hand of negative flag and falling down on Domestic market. This Week MCX silver for May delivery falls by more than -3000 point in red side. On Monday silver open above 51300 and on Saturday at 1:00 pm it’s watched at 48858.domestic market Silver prices are expecting to Bounce back again with a good volume.   On upcoming week silver again crosses the level of 50000.

Base metals are surviving on both directions with a low movement.  Copper, nickel and lead are performing well on MCX report. This week MCX copper are closing on down side by a few point but positive data is coming from LME and this will surely give some positive trend and support to Asian market copper. While nickel and lead are forcing the investor to hold their position for future trade and that’s the reason behind low reverse trend in this metals. Nickel and lead demands are changed in overseas market and in china’s required most.

Cotton and crude are dumb in MCX market, in previous month a time come when domestic crude crosses the level of 5300 but again its prices are comes to 4900. In this week MCX crude perform average with most red side. On Monday crude up in US market by 60 cent, but on domestic market crude oil are fall by more than -100 point on Saturday. Whereas cotton prices perform worst in this week and comes to 18650. In upcoming week some positive data is expected near 18900 .   

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weekly MCX commodity report and free commodity tips

BULLION (Gold and silver)

This week commodity market showing lots of up and down, on one hand precious metal showing a dull trend meanwhile on base metal we show a good positive trend.  Gold and silver this depreciated by the effect of lower demand in Domestic and global market. In this week gold mostly seen in negative side and support by a good level between range of 30650-30900. While white metal silver following down trend and traded by lower level this week and down from its position of 58800 to 58200. But in coming month silver and gold expected to go high form its current market level.

In upcoming week buy silver above 58500 and sell below 58150.

While buy gold above 30900 and sell below 30750.

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MENTHA OIL AND CRUDE OIL

This week on MCX mentha oil achieved a new level and crosses level of 1400.this week Mentha oil increased by more than 7% on MCX.  While crude oil showed some positive movement in early of week. Crude oil gain positive movement due to depreciation on Indian currency against US dollar. In upcoming days global crude price help domestic market to go higher.

BASE METAL

In base metal nickel continuously upgrading its position and roses high, in this week nickel open at 978 and go high of 997. In coming day nickel price soon crosses the level of 1000. This week is quietly good for copper in the starting of the week copper start with a low level but as day passes it touches some good point, in upcoming week copper is expected to trade between the ranges of 442-453.

Some correction is watched in the price of Lead, aluminum, and Zinc in this week but upcoming week is not looking good for that metal and low trend is expected on MCX.

COTTON

This week cotton is the commodity that catches eyes of all traders in intraday market. Cotton makes correction in intraday position for February contract. Cotton has a good support level in upcoming day and expected more correction from its current level. In upcoming week cotton is traded in the range of 16750-16920.